May 20,1882





The Real Estate Record





501





MINING   INFORMATION.

Mr. George Hoffman, formerly a very large
real estate owner in New York, but who was
ruined by the panic of 1873, spent the last two
years in Southern Arizona. He says the country
has no idea of the great mineral wealth of that
territory, especially the southern portion of it.
He thinks that in two years there will be a larger
product from Arizona than from Colorado;
while the mines of gold and silver are exception¬
ally rich and numerous, the copper mines are
equally productive. The Yuma district he re¬
gards as the best sanitarium in the world, especi¬
ally for consumptives. He says that should ever
the northern states of Mexico be annexed to the
United States, there will be an immense develop¬
ment of mineral Avealth. George Hurst, the
famous expert, the discoverer of the Eureka,
Ontai'io and Homestake mines, told Mr. Hoffman
that the San Francisco operators were dissatisfied
with the way they were treated in Mexico.
There is trouble with the officials.

New York, May 11.
editor of The Rkal, Estate Record :

Will you Idudly state whether you have any
reliable" information about the Bull Domingo
mine ? The stock is now selling for a few cents,
and, having purchased ifc at $ 10, and beiug noti¬
fied that ifc is the intention, as the company is
bankrupt, to re-organize, allowing the pi'csent
stockholders to come ia at $1 x^er share, would
like very much to ascertain whether it is advis¬
able to go in on the re-organization, oi* to solace
niyscK with the reflection of a dearly bought
whistle. I have been a reader of your valuable
jovirnal for some time, and am happy to state it
has been to my satisfaction. If you will kindly
oblige in your n^xt, the same will be appreciated
by                                      Chas. J. Bertonb.

With good management, the Bull Domingo
may yet become a very valuable property. We
have no advice to give. The effects of the com¬
pany and the mine are to be sold out by a re¬
ceiver, and in time, doubtless, tho officers of the
comijany will have a proposition to make to the
stockholders. Ifc will be re-organized some time
or other, as it is a potentially valuable pi'operty,
bufc fchere is no advice to give until it is known
who will be in control of the re-organized com¬
pany. Ifc is one of the cases which shows the
necessity of some assessment law in this State.
The company became bankrupt by a sudden ap¬
parent stoppage of the oro vein. Of course this
is due to a "fault," for the vein will undoubtedly
ba rediscovered. The company, at last accoimts,
was $120,030 in debt. Our correspondent would
do well to wait until a new proposition is made
by the directors.

The New York Mining Exchange has had a
corner. Certain members went short'of Moose
mining stock, and the price was bid up from 80 I ^facturer
cents to $2.80 a share. The stock was called, and termined
certain members were sold out under the rule.
The bears declare they were swindled, that the
oi'ganizer of the corner had stool pigeons, who
told them the stock was certain to run down in
price, whereupon they sold with the result stated.
The Exchange had but one course to pursue. It
is simply a case of rogue versus rogue, but the
brokers who do not fulfill their engagements
should loose their membership. There is a great
d -al going on in both the Mining and Stoc^ Ex¬
changes which it isverydifiicult to discriminate
from downright swindling.

Mr. Williain M. Lent returned recently from
S in Francisco, stopping on his way at Lead¬
ville, where he inspected the Big Pittsburg mine.
The developments in the Prentice shaft are very
promising. A large portion of this mine lies be¬
tween the Matchless, on the southwest and the
Robert E. Lee on the northeast, and Mr. J. M.
Harper and other experts are of opinion that on
this ground some exceedingly rich ore will be
found. Big Pittsburg has been stronger lately
and the stock has great prospective value.

Although Bodie is not active, the stock is firm¬
ly held and the interior workings of the mine are
full of interest. The old Foi-fcuna vein has been
rediscovered in an upraise in the 800 foot level
from the Lent shaft. This vein was fii-st found
in the old Bodie workings, but took a turn tp the
east.   It was x-icher near the surface than further





down. Winze 17 on the old ground is now down
nearly 70 feet, but the ore below is not as rich as
it was above. Still this vein is very high grade.
Bodie has bought some machinery from the Com¬
stock for $5,000, which originally cost $120,000.
There will be lively deals in Bodie dui-ing the
coming fall if not late this summer. There is
nothing new from the Standard, bufc the i^rice
may go off, as mill and mine are shut down
awaiting repairs.

The j^merican Mining Exchange have stricken
off a number of their worthless stocks. If the
two minhig boards are wise they will join forces
aud deal more iu good stocks.

We will soon get at the facts about the Lake
Valley mines. The dO-stam^j mill will start up
within a couple of weeks' time. It is said a greafc
deal of the ore is too rich to work, and it will be
s.old outright, but the medium ore will be worked.
The low grade ore will also be sold instead of
worked, as it is valuable for its iron flux. The
most astonishing stories are told of these mine.s.
Each of the four has four patented locations,
that is to say there are sixteen mines in all, fiOOx
1,500 feet each. The mill is to work on the Rio
Grande ore mainly. The stocks will not be listed
upon the Nev/ York market until after dividends
have begun to lie paid. If a tithe of the stories
are time told about these mines, they will create
a greater furor than all the bonanzas on the Com¬
stock.





An anonymous pamphlet has been pubUshed
showing the dangers likely to arise from the
general use of electric lights. Ifc is addressed to
real estate owners. There is, it seems, real danger
of fire being communicated to woodwork, if the
insulation is not perfect or the workmanship is
defective. There is great competition between
the electric companies, and the fire insurance
companies should see to it that there should be
some inspection of the wires as they are laid.
Perhaps some legislation would be desirable.
One thing should be insisted upon, namely, the
laying of wires underground at the close of the
present year, that is fco say, give the various
companies five years in which to get the present
wires underground, and at the same^time indicate
a period at which new wires must be commenced
to be put underground. The city is really dis¬
figured with the unsightly poles set up in every
direction.





VITRIFIED CLAY 1-.S-. IRON  PIPE.
Early in April the Board of Health decided
that all drain pipes between the house and the
sewer, hereafter put in, should be made of iron.
This has naturally created great dissatisfaction
among many builders and all of the manufact¬
urers of stone drain pipes.   The cost of the iron
pipe is said to be four times that of the vitrified
clay.     A  builder  has,   for  instance,  six  new
houses which require each an amount of pipe
which cost $90 if of stone, and $360 if of iron.
If properly placed in   the  earth  the vitrified
pipe, so the nianufacturers claim, will last the
longer.     The  Romans  used  clay pipes, as  is
shown by the ruins of Pompeii.   The only differ¬
ence between the Roman and the modern pipe is
that the latter is far the best.   The heat to which
they are subjected is so intense that it would
melt iron.    The clay is so fused that all the
pores are   closed, and neither gas  nor moist¬
ure can penetrate the walls.   Vitrified, glazed and
terra cotta ware is in very extensive use, and
in this city $250,000 is invested in the manufact¬
ure.    The decision of the Board of Health is a
discrimination against this industiy.   The man-
have   met   together   and   are   de-
to   test   the   matter  in  the   courts
of   law.     They   say   that   the    only   excuse
the    Board    of    Health    gives    is    that   in
many instances the joints of the vifci-ified pipes
are not properly connected.   But this is a matter
in which,  of course, theii- own inspectors are to
blame.     Iron pipes are quite as objectionable
when not properly connected.     The manufact¬
urers claim that they expect no more work from
the built up portion of New York.     The connec¬
tions made with the sewers during the past thirty
years are so perfect that they will last into the
next century.   It is further claimed that the iron
pipes are only a quarter of an inch in thickness
and that they are tarred in many cases to hide
the cracks and sand-holes.     It is admitted that
iron may be useful in pipes running through a
bouse, but a great many people of the building
trade believe that the vitrified stone drain pipes
are in every way preferable for immediate connec¬
tion with the sewer as well as very much cheaper.





THE SALE OF THE JUMEL ESTATE.

The Jumel Estate sale, which is to take place
on May 31, and which is advertised on second
page, bids fair to be the most important sale of
real estate at auction which has ever taken place in
this cifcy. As the sale is made pursuant to the order
of the Supreme Court without reserve or limita¬
tion of price, ifc is very probable that great bar¬
gains may be had. The work on the improvement
of Harlem River under General Newton is to com¬
mence on .lune 1, and the great future for iiroper-
ty along the river front will make the sale of this
portion of the estate one of its great features.





A Brooklyn gentleman writes us complainingof
the high price of labor and building material.
He says that so far as St. James Place is con¬
cerned, "there is not as much buiMing in this
immediate neighborhood as last year. The high
cost of material and the uncertainty of the labor
market has stopped considerable that was already
plamied."   Yours truly,                      C. H, M.





WELL LOCATED AND CAREFULLY CONSTRUC¬
TED DWELLINGS.

The eleva' ion which reaches its highest point at Madi" '
sou avenue and Eighty-third street has been the site se
lected for many flne improvements during the present
season.     The three handsome four-stoiy high stoop
brown stone pri\ ate dwellings, that Mr. Bernard Havan- '
agh is just completing, ou the south side of Eighty-third
street, commencing 85 feet east of Madison avenue,
will compare favorably with any houses yet erected in
this improving locality. The plans for which were cart- '
fully drawn by Wm. Shickel.   Two of these houses are
18 feet front, while the middle one is 15 feet.   They have
a uniform depth of 55 feet, with three stoiy extension?,
14x8.   The cellars form a very attractive feature, hav¬
ing direct light both front and rear, in addition to be¬
ing paved with Portland cement one inch thick laid on
a concrete foundation.     The basements  contain   a
breakfast or biUiard room, trimmed in cabinet style,
a spacious kitchen, from which there is a servants'
staircase leading to the butler's pantry,"as well as exten¬
sive closet and pantry room.    On tho first floor is tho
parlor, dining room and butler's paniiy.     In two of
the houses the parlors are handsomely trimmeJ in
black walnut, while in the third will ba found well se¬
lected mahoganj-.   The dining rooms are flnished in
oak, ash and mahogany, and the butler's pantiy. which
has extra double closets in ash.     The mantel pieces
are very elaborately carved and with the handsome
beveled glass mirrors will present a very striking ap¬
pearance.   The flre places are all laid with the latest
imported English tiles.    The second and third floors
are in the saloon style, each containing two spacious
chambers, bathroom and water-closet.    The second
floor is neatly trimmed in ash and root ash in »;abinet
style, and has carved mantels of unique and pleasing
designs.   In the fourth fioor there are three ctiamber.«,
large  trunk and  closet  rroms, and the water tank
with   pump.      The    latter    seems   almost   super¬
fluous   as   of   course   there   is  hi^h pressure and
a never-faihng supply of water.     The nlastering in
these houses has bem done in a manner that cannot
be excelled, while the centrepieces ia the ceilings are
works of art.   The handsome cabinet Irimmings was
all done by hand work, and throughout show unique¬
ness in design and delicacy and great care in execu¬
tion.   The plumbing work is of the most thorough
order, no expense having been spared. Mr. Havanagh
being a well-known practical plumber, as well as an
experienced builder, recognized the great importance
of this branch of the work.    From the street these
houses present a grand appearance, the brown stone
being well matched and the elevation high, while the
stoops are of a substantial and ornate character.   The
front doors are of black walnut, hand carved, and are
very elegant.

The construction of these dwellings has occupied
more than one year, which fact goes to show that no
part of the work, no matter how minute, has been hur¬
riedly or carelessly done. Mr. Havanagh has been
; constantly on the premises dm-ing the building of