New-York tribune., 1908-02-16

should complaining. brighter days in the
auction rooms near hand, thanks the
activity CT Joseph p Day and several other
tionee-s Just at present. however the attention
of the realty world is directed principally toward
Slr. Day. So Of him there is much to be said. In
1he FIVE weeks property in Manhattan The
Bronx and Brooklyn valued az over s2403,el0 is to
be offered in the Vesey street salesrooms. A large
ru-Ilher Of these parcels will be sold the stand
ot I-. Day. None of these sales viii be
suit Of foreclosure proceedings. None of them will
be Of the kind. The highest bidder will
be the successful, bidder and The will be
particularly favorable 10 the small investor.
Some persons viii undoubtedly say that the con-
dition Of tee auction market in the last four
months has been satisfactory either owners
buyers anC that the results there make a truly
dismal realty picture. That is way of reaching
The pessimstic view OF things. That is almost a
certain method Of getting a false view of realty
affairs Weigh each result obtained an the auction
, rooms the last four months Then reWeigtl AMI
Ie-exanine each result Next inspect the proper
ties which were offered. and lastly figure what the
parcels could produce under the best possible
ditons. and the opinion formed by this careful and
thorough examination Of the suggishness Of the
auction market In the last four months will be
that the earning Of properties which brought
good prices widely known and that the actual
value Of The fine investment properties which
overlooked not known. Another opinion which
Will be formed a result Of this examina
ton is that poor paying property, how
extensively advertised. cannot be pTohtably sold
II the Vesey street salesrooms in these days.
There is better judge of the condition Of the
auction market than Mr.. Day and the great host
OF clients for whom he has done business through
the auction channels in the last four months And
Mr. Day has just pa ed himself on record say
tng in clear and forceful manner that the
tion market is good that il is going be stronger
and that he viii prove conclusivey that there is
big demand for Al investment property. If he
succeeds demonstrating that fact the satisfac-
tion OF the majority Of persons identified with the
real estate field he Will once more yividly show
eha, one of the greatest realty auctioneers in
The history Of the local market He is such
high pinnacle of success in the realty field which
he has attained through his efforts that he
often seems the realty critic TO be standing all
alone in biggest Of all realty markets that
which is bounded by the places contiguous to the
metropolitan Mr.. Day is self made leader
Influential persons in the realty field could not
make him or anyone else brilliant and successful
auctioneer They could help put realty business
in the way Of a person. and then that person, to
merit the praise Of the buying public would have
TO prove that he had the brains and a true hold
on realty affairs lead and not be led astray into
dismal paths which end In woful failure.
The auction market quickly tests the efficiency of
sry person who auctioneer seeks buyers
there No realty defects weaknesses can long
remain hidden there. If a person with an ac-
curate idea realty conditions and little expert
ence 81 the real field should offer there
properties valued at many hundred thousands at
snoprortune tines conduct sales there In an
improper manner. the effect of such sales would
be TO check severely realty progress. Instead of
reaping profit from their offerings owners would