New-York tribune., 1908-01-19

sale IL tie auction rooms and the terms arc likely
he liberal as last week.
The stagnation in and outside Of the auction
room has been principally due 10 the inability Of
intending buyers TO get satisfactory loans at
medium rates Of interest Within the last four or
i've days many brokers have sought applicants for
loans ranging from 100000 up to $2ceoo00 at . per
cent. and the OF money 10 be had by persons
wanting small loans has considerably increased
Several lenders also offered last week several sums
- s1eae91 each al ~ per cent, and il looks if
operators and spectators arc 70 have fairly busy
after ali. Most of them predicted that the
money stringency would not last long and that
there would be large sums available for realty
projects this month.
The volume Of business transacted IN the private
sales market sun light, but the prospect Of brisk
trading II many sections from until the spring
season Is bright. Many investment and specula-
i've deals affecting large parcels are likely 70 be
features cf the market IN the future
The Real Estate Record and Guide prints tn
it, last issue an article about what the Subway
VIII Do for Brooklyl-." by Howard &. Pyle. the
real estate broker Mr- Pyle says.
Too much cannot be ssid Of the, immense ad-
vantage TO Brooklyn in general, and especially 70
Ehe downtown sections that viii accrue from the
thing that NC have all been building hopes for
the last fifteen years. and l believe that
reaching results that the near future Will produce
m the way Of lnRresslns the pubhG ~ general that
tn Borough Of BROOKLYN, PARTICULARLY within Inc
ead city limits and that part that is within easy
10 the Borough Hall Of Manhattan, which is the
Than "a street, Manhattan, or at least just
near.
This certainly must have an irresistible influence
ieVoluronizng Brooklyn values and especially
those within striking distance OF the subway itself
rated from Manhattan BY the East River and 1
firmly beiave that with The orering o. The Man
haitian Bridge, which cannot be pushed with too
last River VIII be entirely forgotten, and that it
VIII not be considered any more OF dividing line
than The Harlem River IS as dividing the Bronx
There never has lbee7 anything like equaliza-
values OF equal dstanSes in other directionS from
ference IN values has been an enigma, but / be
ieve that II viii also soon be thing OF the past
a. oll.H 1el 81 @ llil In
iyu as compared with Manhattan and the Bronx.
vsntsEes that in my judgment no other residential
with. The average section of Brooklyn to-day is
Sbcb fact alone is enough 10 give it an g eoTmSs P4g
advantage over any other residential proposition.
Land in Brooklyn within an average distance of
five six miles from the centre of Manhattan
Of Land in the annexed districts Of New York,
which at least twice this distance, and the
vii: the increasing popijja.io7 BTooliIy ,aii e
re bound 70 ATTAIN her 1,,ifo1n, iai rlc, i
sion OF ali really values The better the TRANSIT
>ssrrice the value to the realty This is as
simple that and two make four
think that this spring will see a larger influx
"f new population TO BROOKLYN than has ever been
known since the opening OF the old Brooklyn Bridge
In lS55- For three four years after
opening Of the bridge there was a steady
PROCESSION Of moving vans the bridge TO
Brooklyn. and feel confident that the capacity
81 the bridge for the accommodation OF moving
vans this spring will be taxed to its limit also
believe that it is good thing that the erection of
new buildings has been somewhat curtailed by the
financial situation, the supply
the demand, but this year believe will change
all that so that practically all OF the vacancies in
BROOKLYN will be illed before 1908 expires AND we
VIII then be IN a position where BUILDINGS
will be required Brooklyn field for investors
offers Inducements that cannot be surpassed. and
believe that the spring market viii he extremely
prolific OF investors and home seekers and that
nothing prevent T.
BROOKLYN has taken on ifa which viii in
etil new hopes in the realty situation such as