Real estate record and builders' guide: [v. 92, no. 2373]: September 6, 1913
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September 6, 1913
RECORD AND GUIDE
449
iBinniMiiiaiiiiiiiii
BUILDING MATERIALS AND SUPPLIES
FALL BUILDING SEASON OPENS AS FINANCIAL SITUATION
IS CLARIFIED BY PROGRESS OF THE CURRENCY ^BILL.
Wholesale Market Feels Stronger —
Inquiry Covering Winter Deliveries.
iililJllllllllllHIIWlill»ll»WW!llWIWllllMIM^
STRENGTHENED by a more active
movement among building material
dealers, in town as well as in the
suburbs, for building grades of lumber,
sand, crushed stone, lime and hardware,
the wholesale market was further heart¬
ened this week by the news that the
Democratic caucus in the House of
Representatives had agreed to the bank¬
ing and currency bill by a vote of 160 to
9. While further amendment was not
made impossible, radical eleventh-hour
changes are generally considered improb¬
able by well-informed persons.
At first glance it would seen-i a far cry
from building materials in New York
to currency legislation at Washington,
but when it is remembered that witli
Wall street in a nervous state building
construction is hampered and projected
building restricted, by reason of the
tightness of securities, a close relation¬
ship is discovered. The changes recently
made in this bill have generally been in
line with improvements urged by Wall
Street, with the result that building
money lenders entered the first month
of the fall building season with a shade
more friendliness to prospective borrow¬
ers than they had shown at any time this
year.
Almost every leading- wholesale build¬
ing material man interviewed this week
said that he came into the fall season at
least complacently. No one is satisfied
with the volume of business in hand, nor
with the quantity in prospect now. The
brick-making season in the Hudson river
district is practically at an end, a month
and a half earlier than usual. There is
little change for the better in lumber,
except in a few lines. Portland cement
shading has only been partially success¬
ful, showing that the market cannot be
forced. Lime sales have been stimulated
in a vain effort to bring up total ton¬
nages, and slate and tile salesmen have
not been able to bring these commodities
out of the depression they fell into early
in the year. Hardware and all other
steel products, however, have felt an im¬
proved tone. While the inquiry has not
been reduced to actual tonnage, such
names as the General Electric Company,
the Standard Oil Company, the Inter¬
borough Rapid Transit Company appear¬
ing behind current invitations to bid, give
a stability to the outlook which even the
pessirnistic hesitate to belittle.
But the real cause for optimism in
building construction is the informal
September statement of the steel inter¬
ests showing that more rolled steel
orders were received in August than in
July. A further significant fact is that
the forward buying movement of fabri¬
cators requiring steel of this character,
which was conspicuous last spring, con¬
tinues and that manufacturers of basic
building steel are making no restrictions
for 1914 requirements. This conclusively
proves that the analysts of the big steel
companies look upon the 1913 slurnp in
liuilding construction as due to financier¬
ing and not to over-construction. Did
they share the latter belief, forward buy¬
ing of basic steel and steel making iron
would not be so steady, much less show
an increase in the month ordinarily the
dullest of the year.
I'.VINTERS" STRIKE ENDS MOND.W.
Settlement I'rjiotienlly .Vgreed I pun \ es-
leruuj—Keiereuuuiu l\o%v lu iToj^ress.
T F the journeymen painters and paperhangers
vote to accept the terms arranged witu ttie
bosses by the business agents oi the Inter¬
national I'ainters ana fapernangei-s' bnion, the
strike which has been in progress about a lort-
night will eua to-uay and the painters will re¬
turn lo work on .Monaay. 'Ihe nnal count ot
the ballots is expected to be made to-night and
will be ratined to-morrow.
'rhe terms ol settlement call for a wage ot
.•fl8.10 a week instead ot ^^20, demanded. Recog¬
nition of the union, among other demands made
by the men, has Deen couceued. I'ainting and
paperhanging hereafter will be recognized as two
distinct trades.
-VORI'H.V.IIPTON fiEMENT PL.VNT SOLD.
Ilondliolder.s' Committee Takes It Up For
.>:£UO,OUO—'I'o Kesume Operation.-*.
"TUB hrsi mortgage bondholders' commlilee of
the iNortuampion Portland Cement Company
at Stockertown, fa., bought in the plant tor
.f2i.w,(JUU from the EquitaDie Trust Company of
tnls city, trustee for tne bondholders, this week.
It is planned to operate tue plant some time
after the nrst of the year. ^
Contracts for Portland cement deliveries held
by this company here will be taken care of.
'1 he new ho.uers of the property will continue
shipments from stock in hand until the stock
warrants resumption oE operations.
HRICK I'LAXTS ESC.4,PE STOR.M.
-Manurnvturcr.s Have Millions of liubnrned
llricii Expcsed to Weather.
("â– 0.\1.M0.\' brick manufacturers in the Hud-
^-^ son and Raritan River districts barely es¬
caped fearful loss when the storm which threat¬
ened the Hudson and Raritan valleys ou Thurs¬
day afternoon passed over and broke in this cily
instead. There is approximately S,OUU,UOU brick
valued at .fO a thousand, or $48,UU0, lying in
hacks in the .North River district alone, for
the reason that .New York market has backed up
on both Raritan and Hudson districts with the
result that sheds have been filled to overflow¬
ing and where one or two hacks nominally pre--
vail on yards as many as eight and ten are
found today.
Had the storm struck in Haverstraw, New¬
burgh or Kingston the loss might have been
ruinous to many producers, in view of the sick
market that has prevailed so far this year.
Consequently there will be no immediate up¬
turn of prices because of loss of raw brick at
kilns.
Brick makers are looking for an improved
condition. The sales for the week ending
Thursday night showed a decided gain over ar¬
rivals, which is considered an encouraging sign,
although prices for either Hudsons or Raritans
have not changed.
Offlcial transactions for Xorth River common
brick covering the week ending Thursday even¬
ing. September 4. with comparisons for the cor¬
responding period last year, follow :
1913.
Left over, Friday A. M., August 29—S2.
Arrived. Sold.
Friday, August 29.............. 1 7
Saturday, .â– August 30............ 5 8
Monday, September 1........... 8 2
Tuesday, September 2........... 3 s
Wednesday, September 3........ 10 ' 8
.Tliursday, September 4.......... G 8
33 41
Reported en route, Friday A. M., September
5—8. .
Condition of market, strengthening. Prices,
Hudsons, .f6 lo IfO.oO. Raritans, ,$6 to ------.
I Wholesale dock. N. Y. For dealers' prices add
protit and cartage.) Newark (yard), .1;7.7.">.
Left over, Friday A. M., September 5—74.
1912.
Left over, Friday A. M., August 30—38.
Arrived. Sold.
Friday, August 30.............. 18 14
Saturday, August 31............ 4 g
Monday, September 2............ 21 24
Tuesday, September 3.......... 0 7
Wednesday, September 4........ 8 7
Thursday, September 5.......... 9 g
Total ........................ 55 70
Condition of market, nervous. Prices, Hud¬
sons, .fO.'S to $7. Raritans. .f6.75 to .'f7. Left
over, Friday A, M.. September 5—23.
OFFICIAL SUMMARY.
Left over, Jan. 1. 1913.................. 11,3
Total No. barge loads arrived, inciuding
left overs. Jan. 1 to Sept. 5............ 1,,399
Total No. barge loads sold Jan. 1 lo Sept. 5 l!.32.5
Total No. barge loads left over Friday
A. M., Sept. 5........................ 74
Total No. barge loads left over Jan. 1.
1012 .................................. 71
Total No. barge loads arrived, including
left overs, Jan, 1 to Sept. 6............ 1,471
Total No. barge loads sold Jan. 1 to
Sept. 0 .............................. 1,448
Total No. barge loads left over Sept. 6.. 23
LINSEED Oil, MOUND HIGHER.
No Chanj^e in Curd, But Crusliers Demand
1 tent More for Carload l.ot».
J__I.\SEED OIL still seeks higher levels at
Duluth, although no change in quotation is
reported m this market. Card prices run at 53
and u4 cents with 53 cents ^or city boiled Ameri¬
can seed, and 70 cents for raw Calcutta. Even
on the new basis of 31 and 52 cents for car¬
loads an increase was noted in the demand
This means that the local market will stiiien
before the flrst of next week, providing the de¬
mand continues as heavy as it is.
The market for shellac remains firm, owing
to the strength of the situation abroad. Calcutta
shipments during August to this country were
,i,iW packages. Quotations for D.C. are 30 and
from that flgure they dropped down to 23 and
28 for b.cached.
China wood oil used largely in varnish making
IS I his to 7% cents and is moderately strong at
that basis.
.VNTHRACITE COAL ACTIVE.
Hush to Place Order Prior to Pull Circular
C'row-ds Shippers.
"T HE sharp falling off of anthracite coal orders
' this week following big volume of orders
taken just previous to the first of the month
when the fuh circular price became efte.:tive
was responsible for the belief that the heavy
demand for domestic sizes was directly attribu¬
table to a desire to save the ten cent discount
prevailing in August. The general prospects
are that business in domestic sizes will not de¬
velop a brisk tone until the latter part of the
month.
Building managers have their coal engage¬
ments practically all made and the falling off
in general construction during the last nine
months is reflected in the small volume of new
business in steam coal sizes taken during the
summer and so far this month. Generally at
this time of the year a large number of new
buildings are about ready for their Hrst supply
of coal. This year the tonnage called for by
new customers is many thousands of tons be¬
low the usual fall volume generally reported by
September first, which may account in some
degree at least, for the dullness of the steam
size department of the hard coal market. Some
of the companies shipping larger size hard coal
to this cily may have to restrict shipments more
or less toward the latter part of the month be¬
cause of the scarcity of labor at the mines and
the shortage of cars reported by the railroads,
but prices probably will not change.
REINFORCEMENT PRICES.
Uusines.s C'ontinues Good—Current
Quotations.
'T HE .American Sleel and Wire Company, man-
^ ufacturers of Triangle Mesh concrete rein¬
forcement, reports business to be in fair volume
with little prospect of immediate change from
the following current net quotations :
U.NGALVANIZED.
Priee per 100 sq. ft.
^ ^
L. C. L. Less
Style and over than
No. Car 10,000 10,000
lots, sq. ft. sq. ft.
1........... .fl..53 $1.86 $2.18
2........... 1.20 1.37 1.85
3........... 1.13 1.37 101
•4........... 1.00 1.23 1.43
5............SO .07 1.14
G............63 .77 .91
*7............49 .60 .71
*23........... 1.69 2.05 2.42
24........... 1.46 1.77 2.08
23........... 1.29 1.37 1.83
•26........... 1.17 1.42 1.68
♦27............EG 1.17 1.38
28............80 .97 1.14
29............66 .80 .94
31........... 2.49 3.02 3.56
.12........... 2.16 2.62 3.08
33........... 1.93 2.34 2.75
34........... 1.48 1.80 2.12
35........... 1.17 1.42 1.68
.30............87 1.05 1.24
•38........... 3.53 4.30 5.06
39........... 3.05 3.70 4.36
40........... 2.68 3.25 3.82
41........... 2.05 2.48 2.92
*42........... 1.55 1.88 2.22
43........... 1.10 1.34 1.58
GALVANIZED.
1........... .$1.69 $2.02 $2.34
2........... 1.43 1.71 1.98
3........... 1.25 1.49 1.73
•4........... 1.12 1.34 1.53
5............89 1.06 1.23
C............71 .84 .98
♦7............55 .66 .76
•23........... l.SS 2.24 2.60
24........... 1.62 1.93 2.24
25........... 1.43 1.71 1.98
•26........... 1..30 1.55 180
•27........... 1.07 1.28 1.48
28............89 1.06 1.23
29............73 .87 1.01
.31........... 2.76 3.29 3.82
.32........... 2.40 2.86 3.32
.33........... 2.14 2.53 2.96
34........... 1.64 1.96 2.27
.35........... 1.30 1..35 1.80
.36............97 1.15 1..34
•38........... 3.93 4.68 5.44
.39........... 3.38 4.03 4.68
40........... 2.97 3..54 4.11
41........... 2.27 2.70 3.14
•42........... 1.72 2.03 2..38
43........... 1.23 1.4G 1.70
Styles marketed with an asterisk are usually
in stock. Prices on snecial reinforcement two
Inches will be given. These quotations are
F. O. B. Pittsburgh mill. A discount of 2 psr
cent, is allowed if settlement is made within
len days of invoice, otherwise due net 60 days.
Structural sleel business this week was for
small tonnages running from 10 lo 50 tons
each. There is little steel building contract
pendin.g throughout the East. Current quota¬
tions for structural steel at tidewater are un¬
changed.
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