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Real estate record and builders' guide: v. 18, no. 436: July 22, 1876

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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