New-York tribune., 1907-09-29

-,onev and st a prtce considerably lower than at
the time Of greatest activity last year Unques-
tlonabIy. such bargains will be picked up
owing to the inability OF tho sellers TO hold hrfn
TO what they bought in the phenomenal purchasing
movement which began a short time BEFORE the
opening of the subway. But there are few owners
depressed the size of present trading or VINO
are so situated that they must sell to save at
least mart Of their equity in their properties to
which they hold the fee.
According TO the most successful realty opera
tors the present duness of the market may con
tinue for about two months more. and then VIII
come good demand for nearly all kinds OF prop
erty In about two months satisfactory money
conditions for carrying out little and DIG realIS
projects will again here. it is said. and In the
mean time hundreds OF operators are going TO De
busy perfecting plans for an active mdwihIer anu
spring campaign Throughout the entire quie'
neriod of the last four or five months there mas
been a marked improvement in the earning power
OF nathorses in the newer hathouse section OF the
city and the tendency Of rentals in Older hathouse
districts has been upward Never in the history Of
the city has the renting season been so busy. and
the demand for apartment house and hotel suites
has. to the expression of a we'll known broker
overwhelmed many brokerage firms Ihe de-
mand has resulted in rows and rows of hatnouseS
in the newer districts which We're almost tenant
less last fall being we'll filed now. and therefore
attractive properties investors. One leading op
orator recently announced that he had been una
BILE 10 find improved parcel in Manhattan or
The Bronx paying basis. and an exam
inatlon of many lists of properties for sale indi-
Gates that the number OF alluring investment par
GELS is greater than II has been in years.
In nearly every section wonderful building
transformation is taking place. For instance. there
the greater office district south of Canal ST.
the hardware centre in Lafayette ST. the
larged sth ave. Broadway and 5th ave shopping
districts and the newer midtown loft section.
The Real Estate Record and Guide says in its
last issue. in article the real estate situa-
tion. in part a follows:
The private sales market is beginning TO give
evidence of revival. and while the volume OF
dealings continues small a higher grade, of prop
erty Is changing hands. in the of the
northwest OF Broadway and 3ith which
commanded price approaching SioGD. What is
still further encouraging is that few of the old
time operators are again in the market Were IL
not for unfavOrable currency conditions ii is
tain that normal trading in real estate would
opinion among real estate men. the mortgage sit
uatIon Is improving, although brokers report that
lenders more inclined toward conservatism in
ioaning funds than during the corresponding period
last year. 1t must not be inferred that this dis
position TO be ultra-Conservative is due uncer-
not the IL is more likely attributable the
growing desire of money lenders under present ,
conditions to secure quicker asset in that class
OF Investment In the building field, while the new
are less numerous than was
pected for the season a large amount of work
than true during the summer. The total num-
Der of private sales reported for the is fifty
of which twelve were below 59th St, fifteen above
and twenty-three in The Bronx.