Real  Estate   Record





AND BUILDERS' GUIDE.





Vol. XXYIII.





NEW YOKK, SATUEDAY. NOVEMBER 5, 1881.





No. 712





Published Weekly by The

Real Estate Record Association

TERMS:
ONE YEAR, in advance.....$6.00

Communications should he addressed to

C. W. SWEET, nt Broadway.

J. T. LINDSEY, Busmess Manager.





The ofl&cial list of conveyances and mort¬
gages show some marked changes this week.
The number of transactions have largely
increased, while the sum paid for realty is
nearly double what it was the previous
week. As the increase is not so great in the
mortgages, it shows that the purchases
involved the payment of an unusual amount
of ready money.





price of stocks cannot remain as high with I the mercy of certain gentlemen interested





a 6 per cent, money market as when 2 and 3
per cent, were the current rates. Between
now and the maturing of the next crop,
there will be ups and downs in the market,
but no great booms or any very marked de¬
pressions, except when the unexpected oc¬
curs. Of course, in spf cial stocks a good deal
of money will be made, as combinations will
be effected;- as the railroad system of the
country becomes unified. Any booms, here¬
after, will be in general merchandise and in
real estate.







Week




N.Y.




Am't.




No.




No. 23d




Am't.      No.





end




City




in-    Nom-




&24th




in-       nom-





mg.




Cons.




volved




inal




Wards.




volved.     inal.





Sept,









$














$





14




75




809.071




25




12




24,450





21




111




1.381,992




36




16




45.928           6





28

Oct.

5




89




1,355,333




21




19




90,593           4





157




3.200,444




34




15




15,400           8





12




157




2,007.448




39




21




38.289           3





19




159




1,696,607




52




18




64.000           6





2i)




146




1,720.325




44




21




213,871           6





Nov.






























2




192




3,103,469




44




20




25,725           4





Week Mort-




Am't.




No.




Am't.




No. to    Am't





end-




gag¬




m-




Five




m-




T. &         in-





ing.




es.




volved. per ct.




volved.




[nsCos. volved.





Sept.









$









$




$





14




108




798,153




13




224,700




17        227.900





21




149




1,159,231




29




235,681




28         464.450





28




117




1.076,874




29




469,100




27        562,500





Oct.






























6




169




1,310,982




35




334,900




31         378,700





18




152




1,531,856




28




285.611




29         549,175





19




174




1,486,930




36




334,038




30        480,250





26




298




1,741,208




35




377,632




51        687,000





Nov.






























2




241




1,866,805




55




466,500




41        375,000





in the stock of the elevated roads. It would
wonderfully purify operations in Wall street
if Field, Sage and Gould were sent to state's
prison and compelled to do some honest work
in the marble quarries, just as if they were
ordinary swindlers. Of course these persons
may be innocent of the charges against them,
but if they are guilty their wealth should not
protect them from being sent to Sing Sing.
Then, the civil courts are open for those who
have parted with their property through
their representations. Every owner of Man¬
hattan stock who has sold it at a loss during
the past six months has a moral and ought
to have a legal claim upon Field, Sage and
Gould. It is the business of the courts to
protect the public against perjurers and
swindlers, no matter what their wealth or
position in Wall street may be. From all
accounts there are lively times ahead.





There is a spurt of activity in the stock
market. It is based upon an easy money
market, the prospect of the close of the rail¬
way war upon the stoppage of navigation,
and a belief that the heavy decline in stocks
since last May affords a basis for at least a
moderate advance. Then other causes are
at work. We have received nearly $20,000,-
000 gold from Europe this fall; the national
banks have added over $16,000,000 to their
issues in the past year, and we have retained
all the gold and silver mined, which will
aggregate nearly $73,000,000 during the year
1881. Business is wonderfully active, as is
shown by the exchanges, which, during the
month of October show an excess of $80,000,-
000 over last June, when the exchanges
were greater than they were ever known
to be in the history of the country. There
is special activity in Northwestern stocks,
due to the phenomenal immigration, and to
the fact that the crops in that region were
not seriously injured.

But, then, there are some clouds in the
sky. Our exports are falling off seriously in
amount; imports are increasing, and the
great drain of gold in this direction has
ceased, as there is reason to believe, for good.
Hereafter, the probabilities are that gold
will leave New York for Europe instead of
coming this way. The activity in business
has bid up the price of money, and we must
expect an occasional stringency, and in time
lower range of values for stocks.





FIELD, GOULD AND SAGE,
Last week we alluded to a certain lunch
given last summer by a relative of Cyrus W.
Field, an account of which at the time ap¬
peared in the Evening Mail, whe.ie, it is be¬
lieved,   a  .conspiracy was   concocted   for
depreciating   the   stocks   of   the   elevated
roads.     At   that   gathering the  plan was
marked out. Field agreeing,   it is alleged,
through  his newspaper   organ,  the   Even¬
ing Mail,   and by his personal efforts,   to
do all he could to create the impression that
the Manhattan stock was to be wiped out
and that his  company, the Elevated, was to
insist upon getting back its property.    Jay
Gould, it is also reported, promised that the
World and his other newspaper and Wall
street connections should second the outcry
of Mr. Field.    Russell Sage also promised to
do his share.   How faithfully these gentle¬
men did their work is a matter of common
notoriety, Sage and Gould going so far as to
make affidavits before Judge Westbrook that
they believed Manhattan stock to be worth¬
less.    Certain holders of Metropolitan stock
were, it is said, cognizant of this consj)iracy,
and a watch was kept on all the brokers who
bought and sold New York Elevated, Metro¬
politan, and Manhattan stocks.    Sufficient
evidence was accumulated, it is said, to send
these three specuiaitors to state's prison, and
it is believed that the proper legal measures
will soon be instituted looking to that end.
The brokers who bought Manhattan stock
for Gould, Sage and  Co. while these per¬
sons were decrying  it and lying and swear¬
ing falsely about it, will be forced to give up
their principals in open court, and the public
and private utterances of the triumvirate
with the affidavits of the news[)aper report¬
ers and the articles in the Mail and World
will be given to prove that, while they were
lying and swearing to one set of facts, they
were loading up with the stocks, and were
committing perjury in order to cheapen the
market price for them to buy.    During the
past week they received their first check.
The Governing Committee of the Stock Ex¬
change refused to recognize as a good deliv¬
ery the Metropolitan stock upon which the
new agreement made by themselves  was
stamped.   These gentry are believed to own
two judges, but are not able to control a ma¬
jority of the judges on an appeal.    The ac¬
tivity in Metropolitan stock and its high

price is due to the fact that this trinity of       The Board of Apportionment, not making
The ^conscienceless operators are practically at   proper  pecuniary provision, has  deprived





THE  NEW PLUMBING EEGULATIONS.
We give to-day the first perfect copy of
the new plumbing regulations.     This docu¬
ment was published by the Herald some
time since in an impei-fect shape, and the
first printed slips issued by the Health Board
have since been revised.    But plumbers and
builders can rely upon the document which
will be found elsewhere.   In this connection
it may be well to correct a misapprehension.
Because the law proviHef^ that the registra¬
tion of plumbers must be completed on or
before March 1, 1883, it was supposed that
the act did not go into effect immediate¬
ly, and that probably it would be repealed
or amended during the coming winter.    But
as a matter of fact the law is in force, and
there is not the slightest probability of any
change  during   the coming session of the
Legislature.    Many plumbers do not like the
idea of being forced to register, and this is
the only feature of the new law against
which there is any complaint.    The city has
been divided by the Health Board into seven
districts, in each of which an inspector has
been   appointed,  whose  business  it  is  to
thoroughly examine the plumbing arrange¬
ments in every house, with a view to having
it kept in a good sanitary condition.    This
will make a great deal of additional work for
plumbers, but after it is completed the death
rate of New York will be lowered, and there
will be less poisoning from sewer gas and
malaria.    Hereafter, every plumber, before
making a contract for a new dwelling or
other house, must make his plans and speci¬
fications,  and submit them to the Board of
Health for approval.   This will be a safe¬
guard to those who purchase new houses,
that the plumbing arrangements have at least
the sanction of our local  sanitary board.
Nothing that the Board of Health has done
since its appointment, would be of more ad¬
vantage to New York than the oversight it
will be   forced  to  give to the  plumbing,
repairing and housebuilding in this city.