New-York tribune., 1908-02-16

likely visit the salesrooms on February 2e. and
especially February 81. which day thirty
parcels owned by the Mary F. Wright
estate will be offered at voluntary sale by Mr..
Day. Hundreds of well known spectators and
investors will also be present those days,
the properties to be sold comprise fathouses.
apartment Houses, dwelling houses and business
buildings all Of which Al Investments. The
value of the properties which Will form those
sales is million, and that fact alone should
any doubt to the Importance of
the sales and whether not they Will thoroughly
test the strength Of the auction market Brook
lyn parcels will form the larger part of the
budget Of offerings OF the Wright estate The
Of both sales Will he easy.
Last year Mr.. Day sold in the auction rooms
property valued at $4,000 900. For the Do
herty estate parcels he obtained sl,9l3000, for
the Robert McCafferty estate parcels s30S. 600.
for PIG lots in the Aqueduct avenue tract of the
Century Realty Company s591.S75 and for S93
lots of the Ogden estate tract, IN The Bronx. ST.,
670,675. The duration of the last sale four
days, On March 19 Bryan L. Kennedy will sell
the realty holdings of the Meeks estate.
The Real Estate Record and Guide says in
last issue in regard to the building outlook in
part follows
When the spring shall turn mems thoughts again
TO building the dwelling house rather than the
tenement will probably under tne reasons that will
period be the subject OF the most business activity
This will be naturally in those parts of The Bronx
and financially possible. and in Queens. Richmond
Westchester and the Jerseys. AS q general
prophecy this is accepted probably among
architects and builders. but the determination OF
the precise localities be most favored for opera
tions awaits d better understanding Of the sub
way stua ton and especially the directions which
the building trades and all depending on them Is
early and favorable decision by the Public
Service Commissioners and the Board of Estimate
OF the great transit question now before them.
One hundred and eighty-four thousand men are
idle in this city. not all structural mechanics.
but all affected by the suspension of building op-
erations
No one thing which the administration could do
for the SAKE OF the general good at this crisis
would be more effective Than to begin the construc
ton imme dately ii TO be started by others.
OF tri-borough subway. The f1nanciering details
apart, IL is the signal for which the local bust
ness interests are waiting. To give direction TO their
powers and inspiration for their planning. 1t ought
TO be sufficiently plain that business interests at
large will not submit TO seeing all their hopes for
transit relief buried in remote suburb of Brooklyn
when ordinary business sagacfty untes with civic
equity in advising the apportoning Of the avaable
fund between Manhattan and The Bronx well.
Under existing circumstances the time for gem
erai revival of building for muti-family houses
here in Manhattan cannot be set but with the
opening Of new routes to the towns in Queens and
Kings there is every probability Of great num-
ber of dwellings being erected in those directions,
and for other reasons In the northern suburbs and
on the Jersey shore also.
Architects see evidence that there will he more