December 20, 1884'





The Record and  Guide





1281





end pointing upwards and the other downwards, and each being secured
to the sides of the basin in which tbe pontoon worKs, The cylinders are
fitted with plungers whicb are connected with the corners of the pontoon
near the deck, so that when the pontoon descends one ot those plungers
displaces a certain quantity of water from its cylinder. At the same time
the other plunger is withdrawn from its cylinder, leaving in it a space
exactly equal to tbe water driven out by the flrst plunger. In lifting a
ship the pressure gauges on the hydraulic governors would at once indi¬
cate the excess of weight which one end or the other of the cradle would
have to sustain.—.Welti York Maritime Register,

More Railroads Needed.

There is a vast amount ol foolishness in the cry that there haa been too
much railway bnilding. SuCiisnoi. he case. There is requirement for
mauy thousand more miles of railway than we now have. It may be true
that wo need no more trunk lines betwoea Chicago and New York, as
tbere are ample accomoiodations at prese >t for the ordinary through
traffic. But in the West, Northwest and South tbere is an actual and
legitimate deramd for largely increased railway facilities. An inspection
of the map will sbow that even the great State of New York has use lor
more roads tban she now bas. Compare iho railway faeilities which
Illinois and Ohio possess wilh those of New York, aud it will be apparent
tbat the latter State can build many hundreds more miles of • rack without
danger of an excess. Even in Ohio and Illinois tbere is room for oddi-
'tional lines, but these will be chiefly for connecting purposes, or to facili¬
tate reaching certain properties like coal mines aud quarries. Then, too,
tbe exigencies of railway management sometimes require tbe construction
ot a tine to some particular priint as a defensive or protective measure. Ii>
is a known fact that many small lines which in themselves are hardly
sell-sustaining become very valuable adjuncts to large roads, as origina¬
tors of freight that require long haulage. In does not signify because the
new roads built in tho sparsely uettle i regions of the West do not pay
largely on the investment for the first few years of their existence, that
therefore their construction was untimely and ill-advised. Now roads go
before tbe grand march of settlement. Their existence is a necessity
before the country can be thickly peopled. Their advent is an induce¬
ment for tbe emigrant to locatti along their line. Railroads in modern
days precede settlement in the broad domains embraced under the title of
government lauds. Any one traveling through Nebraska, Dakota, or any
of the other Territories will observe the pressing necessity for many thou¬
sands more miles of road thin are now laid. In those regions new roads
are constantly talked ol, and the uew era of railroad building, which is
not far distant, will commence by the construction of these Territorial
roads. It cannot be said tbit there is no idle capital for railway invest¬
ment. Tbe bauks of Now York, Philadelphia and Boston are flooded with
idle capital, and millions of dollars are boarded iu safety deposit vaults.
Besides there is an unlimited supply of foreign capital that would be ouiy
too glad to seek profitable investment. The reason why it does not come
here now for that purpose is that mea of wealth bave become frightened
at tbe thought that we were building too mauy roads, aad that tbe busi¬
ness could not, in view of the probaii.e competition, be maintained on a
paying ba^is. Tim» will demonstrate that this is a mistaken view. The
public do not understand all of the mysteries of railway management.
Not a few of tha supposed railway flgbts were simply the carrying out of
certain desirable plans for stimulating trade during dull periods, or for
effecting other ends equally beuoficial. Whea railway buildiug com¬
mences again on something like a large scale tben will follow a great
revival of industries. Emigre tion will largely increase, and the demand
for and consumption of breadstuffs and provisions will be enlarged, and
every other material interest of the country be quickened.—The Industrial
World,

An Upward Tendency.

Money is being distributed among the farming communities of the West
and South in larger volume than in auy previous period of the year. Tho
deliveries of cotton by planters have averaged in tbe last three or four
weeks in excess of all precedents, and sates are being made at relatively
good prices. About 330,000 bales per week have been coming from plan¬
tations, representing a weekly average of $14,500,000. Receipts of hogs
are also of maximum dimensions, aad grain bas been coming forward in
large quantities. Westeru produce, except cattle, is selling throughout
the East at low prices, but tbe aggregate represents at least $50,000,OOJ at
the present scale of deliveries. This big movemeat of cash products may
be considered, in view of the general business environment, the prelude
to improved collections aud a more active trade. The one great draw¬
back is the low range of prices for foodstuffs, which is an evil which
can't be talked out of the way, but which, at least, affords a safe promise
that the important changes of tha future will be ia favor of values. New
crop tobacco ia seliing in Louisville on the largest scale ever before known
at this period of the year, though iu other centres the movement h'ls not
commenced. It is selling relatively low for the principal types offering,
but is paying the farmer much larger profits thau any other product of
the soiL—Louisville Courier-Journal.





Contractors' Notes.

Estimates for furnishing materials and performing masonry work, iron,
carpentry, plumbing and steam-heating for the new armory building, a
9tb aveuue, 61st and eMstroeta, will be received at the Armory Board,
No. 301 Mott street, until December 23d, at IS M.





Real Estate Department.

The past has been one of the best weeks of tbe season in the real estate
market. There was more trading than usual; the attendance at the aue.
tion room was large and the bidding spirited. The break in the atock
market on Wednesday seemed to de'pnjss the real estate bidders ou Thurs.
day and Friday. On tbe whole, however, the week has been a good one
and productive investment property brnugbt very fair prices, This is
true of evei y parcel sold in the First and Eighth wards, as n ell as the east
side property offered on " 'Change." It was, however, noticeable that tbe
sales of Messrs. Harnett, Ludlow & Co, and Smyth called together a par¬
ticularly large number of bidders, due to the efforts made by these auc¬
tioneers in advertising and otherwise. The Riverside Drive lots did not
bring full prices, due, doubtless, to tbe lateness of tbe aeason and the pro¬
nounced indisposition to buy vacant property not ia tbe line of imme¬
diate improvement. All shrewd dealers concur in saying that anyons
who can aTord to wait can fiad no more lucrative investments than well-
located west side unimproved^lots.

Ou Wednesday tbe four-story brick building No. 78 Fifth avenue, SOx
107, was Slid for $91,000 to L. P. Von Ohlsen. of Sixthavenue, This prop¬
erty is rented until May 1, 1887, at $9,000 per annum, with privilege of a
renewal for flve years at $11,000. Parcels on Grand, Stanton, Weat ,
Forty-flrst, East Twenty-fourth and East Twenty-sixth streets were also
sold and brought good prices. On Thursday thy offlce building No. 35
Nassau street, 35.8x110, was sold for $93,500 to Corlies, Macy & Co., who
own the adjoining prjpsrty, comprising the southwest corner of Nassau
and Liberty streets, 54.4x about 111, wbich they purchased in January, 1881,
for $185,000. Four lots on the southeast corner of Boulevard and One
Hundred and Thirty-flrst street were sold for $6,975, the corner bringing
$3,100, and the others $1,675 and $1,600 each; two lots ou One Hundred
aad Thirty-first street, adjoining the above, brougbt, respectively, $1,010
and $950. After quite a spirited contest Mr. Isidor Cohnfield, for $50,900,
bought a plot with a frontage of 173 feet oa Riverside Drive, 325 feet
north of Oae Hundred and Sixteenth street. Three lots oa the drive,
near One Hundred and Twenty-flfth street, were knocked down at $8,000
each, and two lots on Claremont avenue, in the rear of the above, at
$3,100 each. The four-story stores Nos. 329 and S3l Water street, which
are rented to May 1, 1885, at $5,000, were sold for $53,150, and No. 123
Beetman, rented at $600, went for $7,500.

Morris Wilkina will sell on Tuesday, Dpcember 23d, some very desirable
property on West One Hundred and Eighteenth street and on Ninth and
New avenues.

CONVKTANCES.





The State Commission on Land Transfer Reform held its last meeting
on Saturday laat, at tb© offices of tbe chairman, Mr. Southmayd. A
representative of The Rec ied and GnroB was present with the object of
reporting the proceedings, but tha commission, unanimously resolved to
exclude the press for the present, the sittings being, tbey said, of a
preliminary character

---------•---------

Messrs. A. H. Muller Sc Son will remove from 7 Pine street next May,
It is understood that their removal is due to the improvements to be made
by the Aatirs on theproperty owned by them on Piue street. Thia old
established firm may yet find it to their advautage to secure offices in or
near tbe new Real Eitato Eiccbange building on Liberty street, which will
naturally become the focus for all tbe large firms in the business.





1883.
Dec. 14 to 20. inc.

Niimber......................................              331

Amount iavolved..............................    $3,680,197

Number nominal.............................               77

Number 33d and 34th Wards...................               31

Amount Involved..............................        $49,3i7

Number nominal...............................                11

MOBTOAans.

Number............ ...........................              228

Amount Involved..............................    $2,400,152





Numbers percent.

Amount involved................ .    .

Number at less than 5 per cent.......

Amount involved......................

Number to Banks, Trust and Ins. Cos.
Amount involved.....................





106

$931,043

1

$100,000

•31

$103,000





1884.
Dec. 12 to 18, inc.
170
$3,172,978

3S
27

$40,471
7





142

$1,520,900

68

$641,413

3

$95,000

23

$343,586

1884.
Dec. 13 to 19.

75
$1,183,200





The project for constructing a building at the corner of One Hundred
and Sixteenth street and Eighth avenue ia which will be an elevator for
the accommodation of " L" road passengera at that station has not by
any means baen abandoned. Over $30,000 has been collected, but the
season is too late to commence now. However next spring or summer at
the latest the work will ba started, but not till an assurance is given by
the subscriptions to put up a fine edifi;©. Mr. Jobn H. Sherwood and bis
associates do not waat to erect aoy ordiaary building for this purpose.
They desire to improve the neighborhood by the erection of a fine but
not too fine ap.artment house with a store underneath as well as the
e levator.





BUILDINOS PROJECTED.

1883.

Dec. 15 to:21.

No. buildings................................              54

Cost..............................................    $567,350

Gossip of the Week.

George R. Read bas sold for Messrs, McCafferty & Buckley their new
house No. 36 West Fifty-third street for $95,000,

George R, Read bas sold to Siegmund T. Meyer, at an advance, the lots
ou the east side of the Boulevard and south side of One Huadred aud
Thirty-first street, purchased by him at the Exchange ou Thursday.

One lot on the southeast corner of Boulevard and One Huodred and
Thirty-first street, which was sold at the Exchange on Thursday for $3, ICO,
has been sold twice aince at advances of $50 and $150, respectively; last
purchaser, Patrick Fox.

The Forty-second Street, Maahattanvitla Sc Sfc. Nicholas Avenue Rail¬
way Company has secured a plot of nineteen lots on Maahattaa and One
Hundred and Twenty-fifth streets, as a site for car stables, Tbe company
has not yet selected au architect to draw the plans.

Charles Macdonald has sold tho last one of his West Seventy-third street
houses. No. 432 West, four-story stone front, 15x103.3, to Henry H. Holly,
of Clark, Holly Sc Ketchum,

Samuel 0. Wright has purchased six lots, three on One Hundred and
Thirtieth street, and three on One Huadred and Thirty-first street, com¬
mencing 225 feet west of Seventh avenue, for $31,500 cash, Mr. Wright
will improve the iot=.

We understand tbat the Bronson estate bas sold teu lots on the south
west corner of Rightb avenue and Eighty-fourth atraet, four on the ave¬
nue ond six oa the street.

George Mulligan has sold two lots on the south side of Thirty-flrst street,
about 175 west of Firnt aveoue, for $13,000, to Stultz & Bauer, who will
erect a piano factory thereon.

P. Sc D. Mitchell have sold two five-story brown stone Improved double
flats ou the east side of Third aveuue, commencing ."iO.B feet south of One
Hundred and Fourteenth street, for about $3'i,500 each.

Anthony Smyth has sold the three-.story atone front dwelling No. 34
West Oue Hundred and Twenty-sixth street,

Tbe Rileigb Liud and Improvement Co. bas just b;ea incorporated
with a capita! of $600,000, divided into 6,000 shares of $100 each, Messrs,
Albert Cordozo, Ricbard S. Newcombe, Arnold Kohn, Moritz Cohn, John
T. Farley and James G. aad Jeremiah Fitzpatrick are tho incorporators.