Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 18, no. 442: September 2, 1867 [i.e. 1876]

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Real Estate Record AND BUILDERS^ GUIDE. YoL. XVIII. NEW YORK, SATURDAY, SEPTEMBER 2, 1867. No. 442. Published Weekly by C. "W. SWEET............President and Treasurer. PRESTON I. SWTSET..............Secretary. TERMS. ONE YEAR, in advance... .$10.00. Communications should be addressed to C. \V. SAVEET, Nos. 345 AND 347 Broadway. MARKET REVIE\V. KEAt ESTATE MAKK.ET. The re-vival of trade among business men generally, as reported in these columns last week, still continues, and will soon lead to renewed confidence in New York City real estate. Of course, it takes time, and consid¬ erable time, too, before the market can feel tlie effect of it, but the long period of gloom is beginning to fade away, and the future is looked to not with buoyancy, but with a confidence which is encouraging. The wholesale business community of New York, not only those iu the drygoods trade, but also in several other lines of business, are more than satisfied with the trade New Y^oi-k has done during the montli of August, now at an end. Large sales have been effected, and that, too, upon terms quite agreeable to the sellers, long credits having in numerous instances been discarded. So far as the revival of trade generally is concerned, evei-ytliing is worldng weU, but, in order to keep it so, and iu order to retain for our city that reputation, and consequently for our city's real estate that value wliich they have maintained in the past, it is im¬ portant that the movement recently inaugurated by some of our merchants to procure better railroad and hotel facilities should succeed. New York must look to its laurels. Other cities are working energetically so as to catch the trade that is still with us. They ofler inducements in the shape of lower r^tes for freights and lower rates at hotels, items of great im¬ portance to Southei-n and Western merchants, even if the goods they are after can be bought at a trifle less here than in Baltimore, Boston or Philadelphia. Property holders who are not benefitting yet by the revival of trade, will find that co-operation with mer¬ chants now, just at the beginning of a new era of ac¬ tivity WiU benefit their real estate ultimately, because they, the property holders, are the principal parties who WiU gain or lose ultimately by either the increase or decrease of commerce in our midst. A merchant, if he does not do well here, can move to another town. A property holder cannot He must remain here, as be canuot take his property with him. A little more public spirit then, a little more energy on the part of property holders will aid New York not only in re¬ taining the trade it possesses to-day, but in increas¬ ing it ten-fold. The following are the sales of the week at the Ex¬ change Salesroom: Si.^h av., n. e. cor. 50th st, 1 four-story iirench flat, brown stone front building,with lot 24.4x100.5, to Thomas Atcher............ $33,697 lutth av., 6. s., 50.5 s. 66t.h st, 1 lot 25x100, to M.Dupree.................................... 20,750 First av., e. s., 75.11 s. 125th st,l four-story brown stone front dwelling and store, -with lot, 25x75, to George F. Martens (Plaintiff).. 8,937 One Hundred and Twentieth st., n. s., 3S5 e ' 2d av., 25x100.11.................... One Hundred and Twenty-fli-st st, s. s., 335 e. 2d av., 25x100.11................!.... (1-7 part), to O. P. Raynor.(Sub. to a dower right, taxes, assessments, &c.)........... ' l 400 Thirty-sixth .St., n. s., 200 e. 3d av., 1 three- story and basement brick house, with plot of land, 33x98.9, to James Cassin........ .. 11 410 Fortyreighth st, n..s., .175 w. 1st av., 1 five- ' - stoiy brick buiiding, with lot, 25x100.5, to B. A. WiUiams (for Plaintifl)................... 8108 Attorney st. (No. 152) e. s., 100 n. Stanton St., , 1 flve-story brick tenement house, with lot, 25x100.5, to John G. Payntar (Plaintiff)...... 14,525 One Hundred and Fourteenth st., n. s., 5'20 w. 3d av., one three-story and basement frame house, with lot, 17.11x100.11, to the Mutual Life Ins. Co. (Plantiff)........................ 4,000 Bowei-y (No. 57), e. s., 50.2 s. Canal St., one four-stbi-y and basement brick house (front), and one three-story brick house (rear), with lot, 25x81.8x2.5x85, to Thomas B. Tappen et at (Exrs. of Plaintiffs)....................... 34,030 Eldridge st, e. s., 131.7 n. Grand st., one three- story and basement brick house, with lot, 19.1x88, to Frederick Kanfrey............... 0,200 One Hundredth st., n. s., 350 w. Sth av., one) lot, 20x100.11...............................i One Hundred and First st., s. s., 350 w. Sth ( av., one lot 20x100.11......................J to Icynthia S. Campbell (Plaintiff)........... 3,000 One Hundreth st., - n. s., 450 w. Sth av., two" lots, each 25x100.11......................... One Hundi-ed and First st; s. s., 450 w. Sth av., two lots, each 25x100.11................ to same buyer................................. 7,500 Eleventh st., s. s., 269 w. Av. A, one five-story brick tenehient house, with lot, 25x94.8, to Martin Wendling............................ 7,100 Forty-fifth St., n. s., 200 w. 2d av., two five- story brick tenement houses, with lots, each 25x100.5, to Philopena Fuchs.................. 24,612 Eighth av., n. w. cor. 143d st, one plot of land 74.11x125...................................... One Hundred and Forty-fourth st., s. s., 100 w. Sth av., one lot, 25x134.11, to "WiUiam Reid (Plaintifl)................................ 7,500 One Hundred and Twenty-eighth st., u. s., 264 e. 4tli av., one three-story and basement brown stone front house, with lot, 10x99.11, 10 to Francis Bjn-ne (Plaintiff's Attorney)...... 6,7 Elton St., n. s., 100 w. Morris av., one two- stoiy frame house with lot, 25x100. to Michael Quinn (Plaintiff)................___ 860 Sixteenth st., s. s., 119 w. av. A, one five-story brick dweUing-house ^vith store and lease of lot, 25x103.3, lease dated Jan. 1. 18G9, term 20 yrs, gi-oimd rent, $300 per annum, to Charles Kinlien (Plaintifl).................... 5,000 Pike slip (No. 175), e. s., 47 n. Water St., one six-story brick warehouse, lot 23x49, to Thomas Smith................................ 4,125 Total for the week.......................$211,954 BUIILSING MATERIA!. MARKET. BRICK.—The demand does not increase for any de¬ scription, and the market, as a whole, remains in a very duU condition. Hard bricks have realized about former rates, but extreme figures were reached with difficulty, and, if any thing, buyers have had more advantage than last week. Indeed, $5 |9 M for Hav¬ erstraw is the exception rather than the rule, and a great many sold at-$4.75 do\vn to $4.1.3}^@4.25, while "Up-River" brought only $3.75. Pale brick are quoted about as before, as a lower figure would en¬ tail a loss, but there is scarcely enough doing to fix a value, and figures, in reality, are only nominal. The receipts, considering the wants of the market, have been fuU, and the production continues about the same, as for sometime past, we understand, but one of our principal receivers assures us that a more general stoppage of work is pretty sure to take place during the present month. Fronts of aU kinds are quiet in proportion to the apathy iii the market for commons, and prices remain nominally unchanged. We quote : Pale, ^ M, $-2.25@2.75 ; hards, Up-River. p.75@4.2o ; Haverstraw bay, $4@5 ; fronts, Croton— brown, $10 ; dark, $11; red, $12; Philadelphia, $23 @27 ; Baltimore, $84@3S. Hard prices, delivery, in¬ cluded, $2@3, higher on ordinary, and $5@6 on fronts. GLASS.—French window glass has been in fair and rather improvipg demand, and the market, on the whole, is somewhat more cheerful. Supplies and assortments balance the call, however, and about f oi-mer rates are, as a rule, accepted. We quote at 60 and 20@60 and 25 per cent discount. American selling very weU, and is called firm, though occasionally some dealers indulge in a little cutting under to se¬ cure good orders. EngUsh glass unchanged. HARDWARE.—The demand is not remarkably ac¬ tive, and buyers stiU refuse, to make up any very large invoices, but taken aU in" aU, ti-kde is very good and dealers appear satisfied. On most leading styles prices rule steady. A new hinge has been introduced called the Centennial Spring Hinge, intended for dooi-s of hotels, churches, depots and other buildings where constant use demands the best possible mate¬ rials and constraction. The manufacturers say : It has two flat coil springs, very powerful. It has a heavy solid pintal, giving much less friction than a hollow pintal. It has broad solid bearings in the knuckle, which do not wear down readily and let the door sag. It is fast joint, and can be used for either right or left hand, aUowing the dealer to cany less stock, and the builder wiU never get the wrong hand. It is conve¬ nient to put on or take off the tension. By actual test it has an average of 50 per cent more power than other spring hinges, in common use, of same size. The Union Chaiu and Cable Company are quoting chain as follows : 5.16, 734c.; %, 6^c.; 7-16, Gc; y,, 5%c.; 9-16, 5c.; %, 4:14c. Net cash in 30 days. Free on board cars in Pittsburgh. LATH.—There does not appear to be any really new general features in this mai-ket since our last. Up to the present writing the amount available has been small, and quite a number of dealers were in want of stock, a position which gave seUers the ad¬ vantage, and induced a pretty Arm holding out for $1.50 %i M. The demand, however, can neither be considered free or improving, and much of an addi¬ tion to the amount of supplies offering would make a surplus. LIME.—'Tis the same old story in this market The demand from aU quarters continues moderate, the suppUes are regulated to the wants of trade, and about former prices retained, but receivers and busi¬ ness generaUy in a very unsatisfactoi-y condition. At both the eastward aud in this State the number of kilns lamnihg is unusuaUy small, and there is no in¬ ducement to materiaUy increase the production at present. We quote nominaUy as foUows : Rockland, 85c. per bbl. for common, and $1.25 for finishing ; North River, 60@65c. per bbl. for common, and $1@, 1.25 for finishing. LUMBER.—^Business on the wholesale market con¬ tinues to move moderately, and that is about aU. The shipping demand requires nothing beyond the parcels sent out to fill freight room or an occasional small special order: local caUs, although now and then swelling to a fair aggregate, are not continuous or of sufficient magnitude to make any serious inroad upon stocks ; while dependent domestic points seem to be consuming very sparingly, and seldom find it necessary to send in orders to replenish stock. All our dealers, however, are using great cai-e about purchasing or ordei-ing forward additional supplies, and there is not much pressure upon the market, ex¬ cept from interior manufacturers, who now and then make an eflort to convince the trade of the safety ef investment in lumber. These efforts do not appear to be greatly appreciated, or, at least, are not acted upon to any extent. In the midst of. the duU business, however, we find some of the principal dealers again nurturing a hope of a larger and more general move¬ ment dm-ing the incoming FaU, and hail this, at least, one cheerful sign. EspeciaUy, as having gone through the test of a remarkably protracted period of de¬ pression, values have, in aU probabiUty, reached the limit of shrinkage, and more Ukely to improve than to further favor buyers. Eastei-n spruce has continued to arrive moderately, yet, on the whole, there has been sufficient for the limited demand, and seUers gain no advantage—in fact, it is evident that it requires the most careful management on the part of agents and their con¬ signors to prevent too great an accumulation, and a very Uttle sui-plus would undoubtedly cause much in¬ convenience. In some instances, there has recently been a slight increase of special orders, but with j buyers positively refusing to exceed former figures. I We quote at $11@$12.50 for random, possibly $13 for ' choice lengths, in smaU cargo ; and $12 50@$i4 50 I for specials, the extreme for extra difficult. • White Pine not quite so active, but, in some cases, a fair distribution is being made, and the market may be caUed about steady. Home consumptive wants afford the best outlet, few of the exporters having any orders at present. The arrivals are limited, but ex¬ ceed the outlet, if any thing, and the stock sUghtly increases. On the general range about former prices , are reported as current. We quote nominally at $18 ■ @19 !$ M for shippers, 10 inch and upwards ; $15@17 do. for do., 10 and 13 inch, and $13.50@15 for box, 8 and 13 inch. BuUding timber, $30@35. YeUow pine remained steady at about former ra,tes, and agents generaUy are unwnling to contract ahead, except at a pretty f uU margin, as this is a precarious