EAL Estate Record





AND     BUILDERS'    OUIDE.





Vol. XYIII.





NEW TOEK, SATTJEDAY, JULY 22, 1876.





No. 436.





iHE REAL

;. W. SWEET...
PRESTON





Published Weekly by

STATE RECORD ASSOCIATION.

.............PltESIDENT AND TBEASUEEP.

SWEET...........Secbetaby.

TERMS.
OIVE YEAR, ill artvaiice___$10 00.

Communications should bo addressed to

Nos. 345 AND 347 Broadway.





MARKET REVIEW.





KEAL ESTATE MARKET.

The oppressive heat of the past week only added to the
stereotyped depression in the real estate market. The
higher the mercury stood in the Trinity Building, the
lower went the prices of properties disposed of at the
Exchange. Of course, whatever was sold was by legal pro¬
cess, aud referees, plaintifi's' attorneys and litigants con¬
stituted the majority of the attendance during the past
wees.

After innumerable adjournments, the magnificent res¬
idence of Mr. William Lalcr, on the southwest corner of
Madison avenue and Seventy-seventh street, 102.2x100,
was sold at last by Mr. Harnett, under foreclosure, on
Tuesday. It was purchased by the second mortgagee
for $90,953. The whole amount of incumbrances against
the property i3 $97,000, ttius: First mortgage of $50,000,
held by Mtttual Life Insurance Company; second mort¬
gage, $30,000, held by Henry Weil; and there is also a
third mortgage of $10,(00. whUe the accrued interest,
assessments and taxes amount to $7,000 more.

Several Fifth avenue lots were sold during the week.
at prices not encouraging to those who frequently and
anxiously inquire if prices have "reached bottom."

Below will be found a complete list of sales at the Ex¬
change during the past week:
Boston road. w. s., 75 s. District School property,
house and lot. 25x55x28x09,  to  S. E. Ma''raw

(Plaintiff)....................................    $9000

Seventy-second st., s.  s.,  110  e. 3.il av., three-
story aud  basement brown-stone house and
lot, 17.11x102.2, to Henry Stallmeyer (Plaintifl';     7.000
Seventy-second st., s. s., adj., 17.10x102.2, three-
story and basement brown-stone house and

lut, to same..................................      7,000

Seventy-second st., s. s., adj., 17.10x102.2, three-
story and basement brown-etoue house and

lot, to same..................................      6 55I

Seventy-second st., s. s., adj., 17.10x102.2." three-
story and basement brown-stone house and

lot.tosame................................      7 000

Seventy-second st., s. s., adj., 17.10x102.2,'three-
story and  basement brown-stone house and

lot, to same..................................      7.400

Seventy-second St., s. s., adj., 17.l6xlo'2.2,'thre'e-
Btory and  basement brown-stone house aud

lot, to same..................................      7,400

Seventy-second st., s. s., adj., 17.11x102.2, three-
story and basement brown-stone house and

lot, to same.................................      6,800

Fifty-first St., u. s., 475 e. 12th av., four-sto'ry
brick tenement house and  lot, 25x100.5, to

Martha Bull.................................      6,200

Second av., w. s., 61.8 s. 34th St., house and lot",

13.6x70, to Frank A.Jaeger..................      9,625

West Broadway aud York st.. s. w. cor., house

and plot. 43x60x24x54, to N. H. Hayes........      4,600

Mott St. (No. 161), w. 8., 150 n. Grand St., un¬
finished five-story brick house and lot, 25x100,

to August L. Nosser (Plaintiff)................    14,000

Madison st., s. s., 49.4 w. Oliver st., 2 houses and

plot, 33x55.9, to Catherine Coyle.............      6,000

Fifth av., e. s., 50.4ji n. 89th St., 25.2^^x102.2%,

to William Wyckofl (Plaintiff)................    14 000

Fifth av., e. s., adj., 25.23^x102.2%, lo same .... 14,500
Madison av. and 77th St., s. w. cor., three-story
brick double house, trimmed with brown
stone, with plot, 102.2x100, residence of Wil¬
liam Lalor. to Heury Weil (Plaintiff and 2d
mortgagee). $40,100  over   first mortgage  of

$50,853; total........................,°.....    90,953

One Hundred and Forty-second st:, n." s., 625 e.
WiUis av., house and plot, 67xl00xl5x irregu¬
lar front ou Mill Brook, Morrisania. 23d
Ward, to W. W, Conokljn (Plaintifl)..........     1,000





Sixty-first St., n. 8., 60 w. Ist av., house and plot.

40x100, to Charles J. Goadby................     10,150

Thirteenth St., s  s.,  I'i7 e. 6th av., house and

plot, 42x103.3, to PhoBbe F. Elliott............    12,505

Fifth av.. e. s., 75.8 s. Olst St., 25x100, to Charles

Wright.............  ........................    13,000

Ninety-first St., s. s., 100 e. 5th av., 25x100.8, to
Charles Wright..............................      6,400

Mulberr.y st., w. s., 166.6 n. Spring st,. 2 houses
and lot, 25x100, to John J. Devlin, for $6,000,
over $5,000 of that being the amount devised
to the widow by wilt of her deceased hus¬
band; total...................................    11.000

Fourth av. and 111th st., n. e. cor.. 100.11x255,
to John H. Bloodgood........................    65,000

Fourteenth st. (No. 432), s. s., 418.7 e. Ist av., 2
four-story brick houses and lot, 25x110x29.lOx
93.11, to John Trainer.......................    11,400

Fifth av., e. s., 50 s. 110th st., 25x100. to Plaintiff    10.000

Fifth av. and 9l8t st., s. e. cor., 25.8x100. to Chas
Wright.......................................    lo.ono

Fifth av.,e,s., adj., 25x100, to same.............    13,000

Fifth av.. e. s., adj., 25x100, to same.............    13,000

Seventy-eighth st., n. s., 255 e. 3d av., 25x102.2,
five-story brick house and lot. 25x102.2, to G.
W.Chamberlin...............................    15,025

Madison av. and 88th st., n. e. cor., 36.8x100.8, to
Henry P. Degraft".............................    11,500

Total.................,..................$418,909





BUILDING MATEKIAL MARKET.
BRICK —The general market simply appears to re¬
peat itself on general features, and we have nothing
really new to advise. Hards continue to sell to a fair
extent in the aggregate, sometimes quick, and some
times slow, but receivers can gain no advantage of a
positive character, and prices remain just about the
same as quoted for several weeks past. The Buppliea
have not been excessive, but were at all times equal to
the call on the general run of quality, though occasion¬
ally a few more choice parcets could have been used to
good advantage. We understand that at many of the
yards the production has been reduced one half, and
that a few manufacturers have stopped work altogether,
but there has probably been a corresponding diminu¬
tion in the consumption, and one influence thus ofisets
tne other. Some of the leading contracts have ad¬
vanced beyond the brick work, those under way moved
slowly, consequent upon the warm weather, and
those contemplated will not be hastened until there is
some assurance that workmen will not be in conBtant
danger from sunstroke and prostration. Dealers com¬
plain of an unusual absence of out-of-town demand, and
say they are almost entirely dependent upon local
wants. Pale brick are comparatively scarce, and rule
quite firm on aU prime lots. Fronts are quiet, but
steady, and some of the agents are on the lookout for
one or two contracts likely soon lo be called for. notably
a new banking house on the west side. We quote: Pale,
per JI, $2.25@3; Hards. Up-river, $4©4.75; Haverstraw
Bay, $4 50@5.50; Fronts, Croton—brown, $10; dark,
$11; red, $12; Philadelphia. $23@27; Baltimore. $34@38.
Yard prices, delivery included. $2@3 higher on ordi¬
nary, and $5@6 on fronts.

CEMENT.—On local consumptive account the demand
continues within about tb e same narrow compass, buy¬
ers merely handling sufiOicieut for immediate wants and
forcing the carrying of stock back on producers. Most
of the manufacturers of first-class brands, however,
claim to have orders in hand for shipment to various
points which will require all the stock they can turn
out, and bring them in a return at fuU former market
rates. The amount being manufactured on the "Creek"
is said to be small and closely gauged to the outlet; but
of "outside" makes there appears to be a number of ot-
ferings. and now and then a push to realize at a lower
rate. We quote at $1.10 tor Rosendale on Creek, and
$1.20 here. Foreign has not been very active, the sup
ply offered was fully equal to the call, and the tone at the
best only steady; but buyers could claim no positive ad¬
vantage. There is said to be a prospect for a slight in¬
crease of local consumption. We quote, from pier and
yard and according to brand, as follows: Portland, $3.40
©4; Roman, $3.50©4; Keene,  $7.75@8  for coarse, and





causes rejection or a claim for very easy terms. Quota¬
tions remain at 60 and 20©60 and 25 per cent, discount.
American is also slow and uncertain, and though a few
old contracts cause fair deliveries, fresh orders are not
very plenty. Values are nominally unchanged. English
sheet and polished plate moderately active, but the
position under fair control and steady.

HARDWARE.—Business keeps within very narrow
proportions on nearly all gradea, and the market is void
of encouraging features. Indeed, most of the trade
seem to have made up their minds that nothing wiU be
done, except in the way of a jobbing distribution, for
several weeks, and a large" number of clerks are sent off
into tbe country on yearly vacation. No very decided
changes have been announced since our last. Strap and
T hinges are not so firm, as mannfacturers were unable
to form a combination, and about all are now selling
independently. As low as 65 per cent, discount has
br-en accepted. At a recent meeting of the tack manu¬
facturers it was resolved to make no change in values.
Shovels and scoops ars now in many instances quoted at
20@25 per cent, discount, which is a reduction of 5 per
ceijt. On English pocket cutlery prices have fallen off
somewhat, aud foreign padlocks are also down about 10
per cent. Jowitt's files have recently been quoted at
$4.50 to £ gold. General stocks of both domestic and
foreign goods are ample, and all available when wanted.
LATH.—This market is in a far from healthy condi¬
tion, and we find no receivers In a happy frame of mind.
Prices fluctuate according to the supply, but the demand
is neither sharp enough nor of sufScient magnitude to
form a basis for decided improvement, and the indica¬
tions do not point to any cliange for the better for some
time to come. Receipts, however, it is claimed, will
run li;iht, as mannfacturers cannot afford lo cut and
ship at the prices they obtaiH, and just now $1.50 ^ M
is asked, though early in the week $1.45 was accepted.
Dealers' stocks are light, but they will buy only from
hand to mouth, and two or three cargoes coming in to¬
gether might cause some trouble. We still find the
Trade laughing over the idea of shipments from this
point to Liverpool, and there seems to be no basis for
the report recently made public to that effect.

LIME.—There is not much business doing, and the
market generally shows a dull and uninteresting tone.
Consumption at this season is always moderate, and this
year smaUer than usual, while the excessive warm wea
ther haa made aU hands indifferent about moving stock
beyond actual necesfities. Sellers, however, say they
would be very well pleased to have actual necessities
considerably larger, and thiuk they could undergo the
effort to meet them. On prices about tormer figures
may be continued and called nominally steady. We
quote nominally as follows: Rockland. 85c. ^ bbl. for
common, and $1.25 for finishing; North River, 65@70o,
^ bbl. for common, and $l@1.2Dfor finishing.

LUMBER —During the closing weeks of June there
was some increase in the general movement, aa noted at
the time, and the trade were disposed to accept this aa
augnry of a reviving business to set in with the opening
of the second half of the year. As yet, however, the posi¬
tion remains very quiet, and all classes of stock are mov¬
ing in a slow.tinsatisfactory manner. Indeed.with few ex-
ceplions, deaiers are in a complaining mood, and seem to
have become more or less discouraged with the pros¬
pect ahead as now shown. Receipts from the interior
come in mostly on orders, and not many additional or¬
ders are going out, while representatives of both West¬
ern and Canadian mills who have been making an effort
to place stock met with a very poor return for their la¬
bor. Coastwise arrivals are moderate; indeed, unusu¬
ally SO; yet there appears to be quite as many as the
wants of the market require, and values do not stiffen.
The consumption, in short, keeps within very narrow
compass, can in no wise be lorced, and. as
has time and again been proven, this at once
reflects back upon the jobber and dealer, who
purchase samples as ttey think they can discover an
early distribution, or if they take in anything to lay away
for stock it is only something of moderate propor¬
tions, very cheap, and of very choice standard" grade.
The export business continues without vitaUty. and
shippers say their private advices afford no encourage¬
ment.   The first charter of the season from the St. Law-

Mesers.
Wright & Co.'s Rio Janeiro circular, recently received,
reports:

~/,Pitch Pine Deals.—Market dull. We quote nominaUy
3.^1IOOO@34I1000 '^ doz lor prime assortment, to net G.
$34.42©35.47 ^ 1,000 feet.

One-inch. Lumber.— We quote 100 rs. ^ foot, to net G.
$35.19 ^ 1,000 feet.   Market quiet.
Eastern spruce is without improvement and   tbe





$11.75@12for fine; Martin's, $7©7.25  for coarse, and

$n©11.25 for fine; La Forge. Portland, $4.10@4.25: and \ ^^ce to^Riwr" pTate""waV"made""lasTTee"r

Lime of Teil, $2.85@3.

GLASS.—^For French window glass there has been an
excessively dull market, and few new features shown.
Supplies on hand are not very large, but seem to be
fairly assorted to the outlet offered, andean be increased
without much difficulty, if necessary. Buyers, as usual
on a slow market, show a very fastidious taste in regard
to quality, and the least suspicion of sweat or 0t»in j ma:pl(et general^ slow aud uninterestiDg.  Tlie supply