Real  Estate   Record





AND BUILDERS' GUIDE.





Vol. XXVIII.





NEW YORK, SATURDAY, DECEMBER 10. 1881.





No. 717





Published Weekly by The

Real Estate Record Association

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

Communications should be addressed to

C. W. SWEET, 13T Broadway.

J. T. LINDSEY'Busmess Manager.





The conveyances show quite an increase
this week in numbers and the amounts in¬
volved. There is also a large increase in the
recorded mortgages. It is noticeable also
that the annexed district, that is the
Twenty-third and Twenty-fourth wards,
shows more activity in the way of transfers
than for some time past. This is due in a
groat^measure, doubtless, to the talk of new
parks and other improvements on the other
side of the Harlem. The annexed table is a
kind of thermometer to tell the temperature
of the real estate market from week to
week.







Week




N.Y




Am't.




No.




No. 23d




Am't.




No.





end




Clity




in-    Noai-




&24th




in¬




nom¬





mg.




Cons.




volved




inal




Wards.




volved.




inal.





Sept.









S














S










14




75




809.071




23




12




24,450










21




111




1.381,992




36




16




45,928




6





28




89




1,355,333




21




19




90,593




4





Oct.



































5




1.57




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




61,000




6





2>




140




1,720.325




41




21




213,871




6





Nov.



































2




192




3.103.469




44




20




25,725




4





0




151




2,9.52.410




37




14




71,300




1





16




185




3,078.523




45




35




: 0,953




7





23




173




2,046,389




51




22




174,385




6





30




175




2,284,165




48




12




55,202




1





De2.



































7




213




3,377,768




64




14




36,977




.0





Week Mort-




Am't.




No.




Am't.




No. to




Am't





end-




gag¬




in¬




Five




in¬




T.&




in-





hig.




es.




volved, per ct.




volved.




jisCos. volved.





Sept.









$









$









s





14




103




793,1.53




13




224,700




17




237.900





21




149




1,159,231




29




235,681




28




464.450





28

Oct.

5




117




1.070.874




29




409,100




27




562,500





169




1,.310,983




35




334,900




31




378.700





13




152




1,.53I,8.56




28




285.611




29




549,175





19




174




1,486.930




36




334,038




30




480,250





26




298




1,741,258




35




377,632




51




687,000





Nov.



































2




241




1,866,805




53




466.500




41




375,000





9




204




2,331,630




42




787,250




25




Jtri.ic)!





16




196




5.413,0.50




36




595,200




39     J




,748,300





23




156




1,101,452




40




318.600




22




204,01 0





30




157




1,508,576




35




389,145




39




543,872





Dec.



































7




233




2,331,983




53




609,358




56




922,450





New York presents every indication of
prosperity. Its hotels are crowded, all its
places of public amusement thronged, the
wholesale houses were never so busy,
and the retail demand never so active. The
large additions to our permanent popula¬
tion is shown by the impossibility of accom¬
modating tiie children in oiu- public schools.
We want more hotels, several new theatres,
and at least half a dozen additional schools.
The growth of business, both on the street
cars and the elevated roads, tells the story of
the increasing population, and the more ac¬
tive business of the metropolis. There is no
surplus of houses in New York, all are need¬
ed for its present population, and there is
no fear of overdoing the business of supply¬
ing additional houses for the accommoda¬
tion of those who wish to live on Manhattan
Island,





There is some talk of the Stewart prop¬
erty on Broadway and Chambers street
being rented for a long term of years by the
city, to accommodate city offices which are
now scattered in various quarters because of
the limitations of room in the building situ¬
ated in the City Hall Park. The Stewart
building is a large one, and, if properly ar¬
ranged inside, would afford ample accom¬
modation for the various bureaus and city
departments which now find shelter in oui
of the way localities. It is understood that
Judge Hilton wants to sell the property, but
private bidders demur at the price he asks,
which is said to be f 1,750,000. Should the
building be rented by the city, there would
soon be an active demand for bar rooms in
the vicinity.





MANUFACTURING ACTIVITY.

The exchanges again show that there is a
manufacturing boom under way. It is St.
Louis, Cleveland, Pittsburg, Lowell, Colum¬
bus, and other iron and cotton factory cen¬
tres, which show the great advance. Trad¬
ing points like New York, New Orleans,
Milwaukee and Memphis, show a falling off.
This city, however, advantages somewhat
by the manufacturing activity. Thousands
of small industries have; their headquarters
in or near the metropolis, and tliere is no
reason why New York might not become, in
time, a greater manufacturing centre than
Cleveland or Pittsburg. All our suburbs are
open to the establishment of factories, and
our rail and water communication is better
and cheaper than that of any other large
city in the world. Cheap land is needed, of
course, to erect dwellings foi working people
at low cost. This can be secured in the an¬
nexed district on or near tidewater, and
within easy reach of railroads already built
or i^rojected.

It is not likely that New York will ever
again be a point at which wooden ships can
be economically constructed. But why may
not iron and steel vessels be made heie? We
have the most direct commimication to the
greatest coal and iron beds in the world.
It is au axiom that, wherever coal and iron
can be laid down the cheapest, that point of
necessity must become a great manufactur¬
ing centre. New York cannot compete
with Pittsburg or Cleveland in bulky iron
and steel structures intended for the West,
but in a little while, if not now, it will be
found that in, or near this city, is the cheap¬
est place in which to build iron or steel steam
vessels. Mere commerce is not so potent an
agent in increasing population, as is the
building of great factories. Birmingham
and Manchester will alw.-iys hold their own
with Liverpool. All the old roads as well as
the new ones from the coal and iron region
are making New York their headquarters.
When the bridge over the Hudson at Peek-
skill is built, the Pennsylvania, the Erie, the
Delaware & Lackawanna, will bring coal
and iron as cheaply to this city as it is now
taken to  Philadelphia.     The  newspapers





ought to advertise New York as the best
place in which to start new manufactories.





THE STOCK MARKET.
The stock market looks strong. It seems
very difficult to get prices down, though
quite a number of things has been helping
the bears, especially tight money. There
are those who say there are sevei'al surprises
for the street, one being the cutting of a
melon in Northwest, by which the common
and preferred stocks would advantage large¬
ly. There is no doubt but what this com¬
pany is in excellent condition. If the In¬
dian Territory should be opened, as is not
unlikely from President Arthur's message,
the M., K. & T., the San Francisco and the
Atcheson & Santa Fe would all go booming.
Denver & Rio Grande is also believed to be
a purchase, for although the road is novsr
being built through unproductive territoiT-,
yet the time is coming when two jiowerful
corporations will be competing for it, as it
will give either of them a potentially valua¬
ble Western connection. The Chicago, Bur¬
lington & Quincy will soon reach Denver.
The Atchison & Santa Fe joins the Denver
& Rio Grande at Puebla, and these two great
Boston corporations will be competitors for
the Denver & Rio Grande. This stock will
have a great many ups aud downs, but in¬
siders think it a purchase now. The state¬
ments made in connection with the New
York & New England road, which is now a
Gould property, show that our elevated sys¬
tem is destined to become a part of the gen¬
eral railway system of the country. The
Gould system of roads will have connections
north, west, east and south entirely inde¬
pendent of the Vanderbilt system, with the
great advantage of reaching every part of
New York island for the collection and dis¬
tribution of passengers and freight. Decem¬
ber is an uncertain month, however, to
speculate in stocks. There are apt to be
severe pinches in money previous to the first
of January. Congress, too, this winter will
be discussing a number of disquieting ques¬
tions, as for instance lhe tariff, internal rev¬
enues, the reorganization of the banking
system, a 3 per cent, refunding bill and the
silver question. But, then, the country is
prosi)erous and the business of the railroads
very large.





The long article in the He aid about real
estate this week is somewhat misleading.
It conveys the imx,)ression that a great many
new building i)lans are being filed by capi¬
talists and others, which is not exactly true
of the immediate present. The totals foi
the past year figure up iargt-ly, but there is
a dearth of new plans just at present, due to
the season as well as to the unpleasant fact
that the new houses built on speculation
did not sell as readily as it was expected
they would do. There is a large number of
surplus houses still on hand; they will be
sold sometime, as they cannot be duplicated
at the prices  asked  for them.     But the