Dacember 6,1884





The Record and Guide.





1225





transition atate. In Germany, Bismarck is quietly placing himself in
harmony with co-operation, people's banks, laborers' insurance com¬
panies, etc.—Atlanta Constitution,

The Canadian Pacific.

That the Canadian Paciflc Railroad will be completed there can be
no question. A good many engineering difficulties have been surmounted;
more rapid progress haa been made than at one time seemed likely, but
when tbe line haa beeu completed, what then! The Canadian Pacific is
essentially a political line. When the union of the different provinces in
British North America was proposed, it was part of the bargain that a
transcontinental road through Canadian territory should be built. The
pledge was entered into rather rashly, perhaps, but it had to be fulfilled
without any consideration as to whether, after it had been built, tbe rail¬
way could be made to pay its expenses. By what means the company has
been hitherto financed is partially known. It would be well if all tbe
methods employed ■were more fully known, as they will be one day. A
good deal of light ha*" been thrown upou tbem, but not quite as much as
could be wished. Still, unless all the estimates of the engineers are at
fault; unless Mr. CoUingwood Schreiber la deceived as to the amount of
work still to ba done and its cost, there are sufficient funds at the dia-
ppsal of the company to accomplish the work laid oat, and to complete
a through line between Montreal aod Port Moody on the Paciflc Ocean,
a distance of 2,895 miles. Again we ask, what then? It is certainly
practicable to build the line, but how is it to be made to pay ? The com¬
pletion of the line will only, we fear, mark the beginning of fresh flnan-
cial troubles. The Canadian government may, by giving a guarantee uf
3 per cent, per annum for lhe neist nine years upon the capital stocu of
the company, have been able to procure the funds for construction of a
road for the building of which a pledge had been given; but is the govern¬
ment prenared, in addition to its gunrantee, to make good the yearly
deficiency between gross eamingsand working expenses which will almost
certainly occur; and if not, how is this deflciency to be met ? It aeems to
bave been taken for granted that the road would pay its working
expenses; but of this we fail to aee any asaurani'^e, or, in point of fact, aoy
prospect. Where then is the deflciency to come from ? There ia a similar
case in Brazil, of a railroad enjoying a governmfnt guarantee which can¬
not pay ita way. The Imperial Brazilian, Natal Sc Nova Uruz Railway
has a guarantee of 7 per cent, upon a capital flxed at £618,300. This
guarantee, amounting to £43,231 per annum, has hitherto been punctually
paid by the Imperisl government, but It does not suffice to pay 7 per cent.
to the shareholders for the simple reason that the line is falling short by
aome £10,000 per annum of meeting its working expenses, and thia defl¬
ciency bas to be made good out of the sum received from tbe Imperial
treasury, because there is no other fund out of which it can be paid.
Supposing tbat in a similar fasbioa the Canadian Paciflc is unable to pay
its working expenses, will the Dominion government pay the difference
between the income and tbe expenditure of the " prodigal son," or will it
say that the deficiency must be made good out of the guarantee ? This Is
a question which we have net heard broached, and one to which certainly
no definite reply has been given. Why does not Mr. Stephen tell the
shareholders something more ? Why doea he not speak out frankly as to
the position and prospects of his road ? He has been here for some time;
yet beyond vague rumors every now and again as to the formatiju of
fresh syndicates there bas been nothing to indicate bia presence in London.
—London Einandal News.

A \ew Great Ore Region.

A district that gives promise of becoming an important producer will be
opened upon the aouth shore of Late Superior before the shipping seasou
of ISSi comes to a close. Thia is the Lake Agogeebic range, wLere numer¬
ous iron properties have been developed to such an extent that they will be
preparer 1 to ahip ore as soon as the railroad tapping tbat district reaches
Ashland, which la to be made the shipping port for the Agogeebic mines.
Ore docks are in course of constructioa at Ashland, and tbe contractors
expect to have the road—the Milwaukee, Lake Shore & Western—through
to that point by November I. Thoae interested in the new field Intend to
make agood showing next season, and your correspondent sees no reason
why that district should not be beard from loudly next year, as there is
plenty of ore there, and much of it is of flne quality. With reference to
the future, the writer evidently bas very great faith in the advantages of
the Lake Superior region, for he predicts: " The iron flelds lying south
and west of Lake Superior in this State, Wisconsin (p;rt of the so-called
Agogeebic mines are in the latter State), and Minnesota are destined soon
to furnish a vastly enhanced quantity of the very best ores in tbe world.
Not only tbia, but they will place their ores on the market at prices tbat
must necessarily drive out the inferior ores of certain competing
fields, which were able to fiud sal6*for their product while high prices were
maintained by making heavy concessions to furnace-owuers, and thereby
making it an object for the latter to use these ores, though the grade of
iron produced was cot at all equal to what they could obtain by using the
Lake Superior ores."—Cor. Pittsburg Telegraph.

Look Here, 31annfac(urers and Merchants.

Everyone may not kuow that a very important agreement has recently
been entered into by the governments of Great Britain, France, Italy,
Belgium, Spain, Holland, Portugal, Switzerland, Servia, Brazil. Guate¬
mala, San Salvador, Ecuador and Tunis for tha formation of an Interna¬
tional Union for the Protection of Industrial Property, under the rules of
which "the imbjacts or citizens of each of the contracting States shall
enjoy, in all the other States of the Union, in everything that concerns
patents for inventions, designs, models aad trade marks, the sarae advan¬
tages that the law of these Ptates accords to their own citizens, including
the same protection and the same legal remedy against persons infringing
their rights, on the aole condition of submitting to the formalities and reg¬
ulations which each State imposes on its own citizens." Under the same
treaty it is agreed that commercial names shall be protected in all the
States belonging to the Union, by the seizmg, at tbe request either of the
party injured or a diplomatic representative, of articles imported into
auy of the Union Statea under a fictitious name of a peraon or place, or
otherwise marked in a way calculated to deceive purchasers, or to injure
the business or reputation of establi'ihed manufacturers; and, moreover,
that applicanta for patents or inventions who have flled their application
in any one of the treaty States, shall be entitled by tbat act to a term of
six months for European countries, and of seven months for countries
beyond the sea, within which he shall have the right, prior to all others,
to'file applications for patents in any or all the otber Statea of the Union,
in accordance with the regulations of eacb State in regard to patents.





tral Park, on or before Tuesday, December 16, aud examine the plan
showing such proposed grades and file any objections they may have
thereto before final action is taken hy the Department in relation to tha

same.

Notice is given that tbe Board of Street Opening and Improvement deem
it to be for the public interest to alter and cbange the grades of streets and
avenues, and portions of streets and avenues, in order to adjust the grades
thereof to the grade of Sth avenuo within tbat section of the city bounded
on the snuth by tbe northerly line of 59th street, on the north by 123d
stree , on the east by the westerly side of the Central Park and the west¬
erly side of Seventh avenue, and on the we^t by the easterly side of Ninth

avenue.

--------------------------------------------------•———■—■

Defending the Bakers,

Editor Record and Guide.

I see you are inclined to tbink tbe bakers are making a fortune too
quickly. Please look at it from their standpoint. After an experience
of twenty-four years selling their goods, what I say on tho subject
ought to have some weight. A single barrel of flour, U'6 pounds, will
make 2S0 pounds of dough. Tbey are uow sealing IS ounces for 5 cents,
making 249 loaves selling for $13.45. The average expense of working up a
barrel of flour is four to flve dollars—it depends greatly on the number
they bake—say it costs %4 50, leaving $7.y5 to pay for the flour, whicb
costs the baker now delivered $5,511, leaving 83.45 for his proflt and out
of this he must deduct for stale bread, wbich Is considerable at times.
You of course know rent haa not varied much the last five years, wages,
coke or coal are tbe same, the only thing that bas fallen in pri';e are the gooda
he uses. It is a business that requirea close personal attention and he must
bercorfi/to work every day in theyear, and to saue anytbiog the " Boss "
bas to ao more work than auy man oe hires, consequently tbe proportion
of failures are quite a^ large as in any other business. There are a few
bakers making larger bread for the same money as well aa some (and only
a very few) making smaller, but the above is the average_price per pound
for breed sold in and about New York city.                          Boss Baker.

Remarks,—Our correspondent will uot convince bread-eaters that tbey
should be charged as much wben wheat is 80 cents a buahel as they were
wben it was $3.00 a bushel. Rent and labor have got to come down, and
bakers' loaves must become larger or there will be a row among con¬
sumers.                                                                 Ed. Record and Guidb.





Notes and  Items.

Property owners interested in the grades proposed to be established for
Riverdale avenue, from old Riverdale avenue commencing at T'bbet'a
Brook and running to Broadway; Broadway, from Riverdale avenue to
Weber street; Cburch street, from Riverdale avenue to Weber atreet;
Ackerman street, from Riverdale avenue to the Spuyten Duyvil Se Port
Morria Railroad, and otber streets affected thereby at Kingsbridge in the
Spuyten Duyvil Distrietof the Twenty-fourth Ward; are requested to call
atthe office of the Topographical Engineer of the Department of Publio
Parks at tbe Arsenal building, Sixty-fourth street aud Fifth avenue, Cen-





Real Estate Department.

Judged by tbe filing of plans for new buildings and ths number of
Conveyancea at the Register's offlce, real estate dealing ia in a fair way.
Undoubtedly there are r, greater number of transactions thau last year,
and money is stilt being invested in new structures, but, on the other
hand, there are very few auction sales apart from tbe foreclosures, and
these laat are unpleasantly frequent. Dealers do not speak hopefully
respecting rentals next spring nor does anyone estimate higher prices.
Tbere may be an active businesa, but it will he at reduced valuations.
Should this wiuter see any reform in our system of transfers it is pos¬
sible that tbe dealings might be very active in the spring after the new
Real Estate Exchange is under way. In the meantime business is unde¬
niably dull.

There were bat few sales at'tbe Eschonge during the week except those
held pursuant to court orders in foreclosure or partition suits. Nearly
all of the former were ubw dwellings or tenements and parties in interest
invariably became the purchasers. The New York Life Insurance Com¬
pany bid in seven houses on East Sixty-fifth and Sixty-seventh streets, on
which there was due the company nearly $000,000. Next week dwellings,
tenements and lots will bs sold under foreclosure on which $189,' CO is due
the same company. Yesterday atore property on Greenwich street and
Ninth avenue, and lota on West Twenty-flfth aud Twenty sixth streets,
were sold at good prices. On Wednesday the flve dwellings, Noa. 33, SS,
41, 43 and 45 East Sixty-third street, were withdrawn from sale, as satis¬
factory bids were not made,

1883.                            18S4.

Nov. 30 to Dec. 6, inc.    Nov. 23 to Dec. 4, Inc.

Number......................................     ^86                                   ^35

Amount involved..............................    84,173,605                        83,160,'fflO

Number nominal............................               87                                    57

Number 93d and ^-Jth Wards..................               37                                    4i)

imount involved..............................        *4T,081                            ?53,695

Number nominal...............................                 8                                     3

MORTOAOKS,

213                               ■   199





Number ......................................

Amount involved..............................   $3,58S,aKfi

Number 5 per cent..........................               b7

Amoimt Involved......................----      85C0,70O

Number to Banks, Trust aod Ins. Cos.........               11

Amount involved.............................      8190,000

Number leas than 5 per cent ................               3t

Amount involved..............................      $674,500





82,015.8^8

61

SGS4,S06

9

8334,500

3-1

S850.000





BBILDIKOS   PROJECTED.

1883.
Dec. 1 to

No. buildings......................................             GS

Cost...............................................    8930.800





1884.

Nov. 29 toDec. 5.

37

8i73.3ii0

R.  V.  Harnett will aell on Tuesday, December9th, the two four-atory

brown stone office buildings with stores Nos. 21 aud 33 Maiden lane.
These are extremely desirable investment properties. This section of the
city is now tbe headquarters of the diamond, gold, silver and jewelry
trade of the country. As thia ia an executor's sale, we expect to see a
large attendance of investors and very spirited bidding. Thia ia leaaehold
property witb renewals.

Attention is called to the valuable businesa property offered by V. K,
Stevenson Se Co.,No. 1''0 Broadway, embracing bouaeson Broadway run¬
ning through to New atreet, and lota on Fifth aud Madison avenues, on
Broadway and Fifty-ninth street; also lots on Oue Hundred and Forty-fifth
street, near the "L" station, Theae parcels are among the choicest on
New York island, and are portions of the estate of the late Mr
Stevenson.

Gossip of the Week.

GeorgeR. Read haa aold, for G, Natcrp, tho storage warehoueeftiroperty,
Nos.    536.    538   and   540   Water  street,   extending   through  to  Nob.