Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 70, no. 1797: August 23, 1902

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i262 RECORD AND GUIDE. August 23, 1902. address of an agent having charge, to whom notices may be sent, may be filed. Nevins & Pereiman, who have for the past year been operating successfully in real estate, have opened an office at No. Ill Broadway, room No. 15><^. They will buy all kinds of property, but their specialty will be the buying and selling of old properties suitable for improvement with tenemenets. They are now in the market to buy, and are prepared to make building loans to responsible builders. Mr. Harry W. Pereiman was for many years associated with his father in the erection of tenements on the lower East Side, and the success with which they disposed of all properties improved by them shows that Mr. Pereiman knew well the demands of the sections in which he operated, and this knowledge should prove a valuable asset in his present business. The telephone call of Nevins & Pereiman is No. 4319 Cort. naterial Market. BRICK AND CEMENT. The low price of brick has had a tendency to keep cargoes at home, but even with tbe diminished shipments the quantity in the market is fully equal to the calls. The delays in building operations are mamly accountable for the somewhat larger ac¬ cumulation of brick in the market this week. The disappoint¬ ments to which builders are being subjected, and which are not all chargeable to belated deliveries of structural steel, if the complaints against municipal red tape are all true, have modi¬ fied temporarily the requirement for brick. However, the gain In prices noted last week has been maintained. If the coming month should be characterized by the quickening of constructive operations which is expected, there will be a better return for a good article than can now be obtained. For any but a good grrade of brick there is no demand. The hopes of manufacturers are centered in the coming year, when there ought to be a great acceleration of building. Ac¬ cording to real estate agents, the available supply of apart¬ ments gets smaller from day to day, and Is much less than in August of last year, because of the fewer new houses to be opened this fall. An effect of the new Tenement House Law was to discourage speculative building, and a resumption of opera¬ tions in Fome form is to be expected when investors and builders shall have mastered the new conditions and requirements. Manufacturtrs and dealers were interested in the announce¬ ment, in last week's Record and Guide, of the consolidation of tht Goss & Edsall Company, dealers in masons' materials, with the brick manufacturing business of Eobert Main, at Saugerties, and of Walsh Eros. & Co., at Stockport. Into the Empire Brick and Supply Company, with a capital of $1,500,000. The inter¬ pretation put on the matter is simply that Mr. Robert Main, who, as President of the Manufacturers' and Agents' Consoli¬ dated Brick Company, has been a wholesaler, intends to engage actively in the retail business. The most interesting aspect of the matter regards Mr. Main's future relations with the Asso- -clation of Brick Manufacturers and Agents, of which he is Vice- President. The committee of the Association that is charged -with tbe business of formulating a plan for a selling department to take the place of the Consolidated Brick Company very ob¬ viously has, in view of all the circumstances, an intricate and somewhat delicate problem to solve. At the present moment there is at least the shadow of a doubt that tbe Manufacturers' Association will be In a position to take full advantage of the Increased volume of business that is expected next season. With so many outside concerns trailing the big leader, but not helping to break the wind, the struggle will be harder for it than ever before. Cement continues in a state entirely agreeable to manufac¬ turers and dealers. The scarcity characteristic of the article in this market is true of all the great commercial centers. Reports from practically all substantiate this fact. With all the domes¬ tic mills working with full power, and with large receipts from abroad, the quantity of cement that is being consumed must be unprecedented. Tet there is no attempt to force prices upward; hence the figures in our list are not changed, METALS. With the requests for structural material somewhat less ur¬ gent, the steel market is quieter. Buyers are either more re¬ signed to the Inevitable or have managed to supply their tem¬ porary needs. For immediate or quick deliveries the prices quoted elsewhere in these columns are merely nominal. A bonus is usually required for a good delivery. The nature of the market Is having the effect of postponing projected building operations to a more convenient season, when material that will be ar¬ ranged for far in advance will be ready to hand. The proba¬ bility of extraordinary activity in building next spring is very great. Meanwhile the orders for material to complete imperative obligations continue to be heavy. But now, when the builders are trying to accommodate them¬ selves to established conditions with some measure of success, there comes word of a further complication from the iron re¬ gions. A fuel famine is threatened, or has already set in to the extent that furnaces are banking their fires and suspending operations. In the builders' hardware department, factories, though run¬ ning to their full capacity, are unable to accumulate a surplus in any except a few lines. There is a good available supply of tin plate and wire nails. Iron cut nails are scarce and command a premium over steel nails. Plumbing supplies are in (airly ac¬ tive demand considering the season, and prices are easily main¬ tained at a good standard. LUMBER. This line of business Is sharing In the full tide of activity that prevails throughout the country. The number of building per¬ mits issued in the United States last month exceeded by 19 per cent, the number issued in the same month of the previous year. Hardwood jobbers have in view a very satisfactory volume of or¬ ders. The white pine trade has increased if anything during the week. PAINTS AND OILS. The business in paints is always slow at this season, but with¬ out change of prices. The indications are, however, that the coming tall will be a more than ordinarily busy one. The really noteworthy and important feature in this connection is the sud¬ den cut in the price of linseed oil, made by both the combine and the independent dealers. Cards were sent out Tuesday an¬ nouncing the change. Since the slight advance of some weeks ago, there has been a gradual weakening of the oil market. The Painters' Fight. The fight between the two painters' unions, the Brotherhood of Painters, Decorators and Paperhangers and the Amalgamated Painters' Union, is still being continued without let-up on either side. James P. Archibald, secretary of the local branch of the Brotherhood, reports during the past week the admission into his union of lie men employed by William Baumgarten & Co., and GO men employed hy D. S. Hess & Co. These men, said Mr. Archi¬ bald, are all former members of the Amalgamated Union, and, as such, went out in the general strike recently ordered by that body. They have now, said Mr. Archibald, returned to work in a body as members of tbe Brotherhood. Building News. MERCANTILE. BROADWAY.—Plans are being prepared by Benjamin W. Mor¬ ris, No. 21 E. 23d st, for a 6-sty fireproof brick and stone oflice structure to be erected on the leased plot, 20.4x192 ft, No. 51 • Broadway, and running through to Trinity place, by the Wells- Fargo Express Co., No, ti3 Broadway, for their own use. The building will contain electric elevators and have tile roofing. Cost is estimated at $200,000. APARTMENTS, PLATS AND TENEMENTS. 94TH ST.—West, north side, 139.9 east Riverside Drive. Henry Anderson, No. 11S3 Broadway, is preparing plans for a 6-sty brick, stone and terra cotta apartment house, containing steam heat,'electric lighting, electric elevator, and have plastic slate roof.' It will be erected on the plot, 75xlOO.Sy2. on the north side of 91th st, 139.9 east of Riverside Drive. The cost will be about ?10O,0OO. Wm. Rankin. No. 119 West 77th st, is the owner, 5STH ST.—James D. Matthews, No. 31 West 42d st, who this week purchased Nos. SOS and 310 West 58lh st, will erect thereon a 9-sty apartment hotel. The plot is 42x100, and Mr. Matthews, who is an architect, will draw his own plans. ALTERATIONS. - WEST ST.—Plans are being prepared by Horenburger & Straub, No. 122 Bowery, for installing new plumbing, water- closets, partitions and mason work in the O-sty brick tenements, ' Nos. 21, 22 and 23 West st, Nos. 19 and 21 Morris st, Nos, 30 and 38 Washington st. and Nos. 43 and 45 Washington St. The cost will be about ^6,000. ESTIMATES RECEIVABLE. WARWICK, N. T.—Estimates are being received by The War¬ wick Iron Co. for their 4-sty stone and shingle hotel building, 223x72, containing power plant, steam heating, extensive plumb¬ mg, electric lighting, an hydraulic elevator, hardwood carpen¬ tering, leaded glasswork, etc. E. G. W. Dietrich, No. 320 Broad¬ way, is the architect. CONTRACTS AWARDED. 37TH ST, EAST.—The general contract for erecting the Ol^-sty granite residence, 50x100, on the northeast corner of 37th st and Madison av, has been awarded to C. T. Wills, No. 156 Sth av. The structure will be strictly fireproof, and contain electric plant, automobile charging station, electric servants' and pas¬ senger elevators, refrigerating plant and red tile roofing. The cost is to be about $400,000. C. P. H. Gilbert, No. 1123 Broad¬ way, is the architect. J. B. De Lamar is the owner. The following contracts have been awarded by the Board of Education for work In the Bronx: For erecting new school No. 05, to Luke A. Burke at $181,750, Thomas Dwyer was the For plans filed see pages 274 and XI.