Columbia University Libraries Digital Collections: The Real Estate Record

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1004 RECORD AND GUIDE May 10, 1913 Wants and Offers The rate for Advertising under this heading is 15 cents per line, nonpareil measurement, with a minimum of four lines. Copy received imtil 3 P. M, Friday. i Agency Dept. Manager seeks connection with high-grade offlce or estate. Good negotiator with executive ability; 12 years' similar capacity prom¬ inent up-town firm. BOX US, Record & Guide. WANTED—An active man. experienced in the management ot business and apart¬ ment property, who can handle the agency department of a well-known real estate firm. In answer state qualifications. BOX 120, Record and Guide.______________________ WB are entirely out of the New York Edition of the Record and Guide of March J, 15 and 2?. 1913. We will pay 20 cents each for these numbers It both sections are delivered to us In good condition. This offer will expire on May 13, 1913. Record & Guide Company, 11 East 24th St., New Tork. FOR NE.ARLY HALF A CENTURY we have been selling, buying, renting, manag¬ ing and appraising real estate. We have seen competitors come and go while we have pro¬ gressed. There's a reason. Let us serve you] and you will discover the reason. BULKLEY 4 HORTON CO. Phone: Bedford 5400 414!Myrlle Ave., near ClinloD Ave. 585.No5lrand Ave., near Dean St. James L Brumley ESTABLISHED 1888 EXPERT Real Estate Appraiser Broker and Auctioneer 189 MONTAGUE ST. Telephone BROOKLYN. N. Y. Officers and Directors of the Brooklyn Board of Real Estate Brokers DE HART BEBOSN ■ TBOMAS HOVENDEN WfLLIAM H. SMITH EUGENE J. GRANT President Vice-President Treasurer Secretarv DIRECTORS DeHart Bergen Howard C. Pyle Isaac Cortelyou Eugene J. Grant William P. Rae John F. James Thomas Hovenden David Porter Frank H. Tyler A. J. Waldron Wm. Q. Morrisey F. B. Snow 0. 0. Mollenhauer William H. Smith Fenwick B. Small DIRECTORS EX43FFICIO John Pull'man Arthur B. Oritman BUSINESS NEWS A Weekly Summary of New Catalogues and I Bulletins and of Articles Appcarlngin Cuircnt j Periodicals of Interest to Architects, Building I Managers, Contractors and Realty Interests. i Electrical Engineers. The April number ot the Proceedings of the American Institute of Electrical Engineers Is being distributed. (Price $1 each. 33 West 39th Bt.) A New Building Estimator. The 1913 edition of the New Building Esti¬ mator Is being distributed by Insurance En¬ gineer (price $3 net, prepaid. 80 Maiden lane). The book Is designed to be of service to con¬ tractors, builders, architects, engineers, in¬ surance adjusters and appraisers. Isolated Plant Switchboard Panels. The General Electric Co. has Just issued Bul¬ letin No. A4116 describing that company's iso¬ lated and small plant alternating current switch¬ board panels, both generator and feeder, tor three-phase 25 to 60 cycle circuit. The bulle¬ tin is made up principally ot dimension and connecting diagrams, and miscellaneous data re¬ ferring to the various panels and equipment. Electricity in the Packing Industry. Bulletin No. A4119, just issued by the General Electric Co. Is devoted to the application ot electricity to the operation of packing establish¬ ments. In the bulletin are Illustrated various applications of the electric motor.' Among the applications mentioned are those of John Mor¬ rell & Co., North Packing & Provision Co., Swift & Co., of Chicago, John P. Squires & Co., etc. Make your advertisements talk—Just as your sales¬ men must talk—Then, they wiil pull business. Selection of Explosives. List No. 18 for April ot new publications Issued by the Department of the Interior, Bureau of Mines, containing Bulletin 48, "The selec¬ tion of explosives used in engineering oper¬ ations," by Clarence Hall and S. P. Howell; and Bulletin 55, "The commercial trend of the gas producer in the United States," by R. H. Fernald, are ready tor distribution. Not more than one copy will be given free to anyone per¬ son. In asking for publications order them by number and title, and address the Director of the Bureau of Mines, Washington, D. C. Lupton's New Catalog. David Lupton's Sons Co., ot Philadelphia, Pa., Is Issuing Its new No. 7 catalog, which will be sent free upon request. Special emphasis Is made of the unusual installation of its pro¬ ducts and adoption of its system ot roof light¬ ing as shown in an insert of the catalog. A description is also given of the company's new motor driven Pond operating device. The cata¬ log Is improved and enlarged and should be on every architect's shelves, because It contains specifications and detail drawings showing the various kinds of fanlight and continuous sash operators in various kinds of buildings. The Story of Joint Pipe. Anybody who is interested at all in the prob¬ lem of carrying water in difficult places will want to read the second edition, enlarged and revised, of the National Tube Company's book on Matheson joint pipe. The 19K1 edition ot this book Is not only a work of art but it is of practical value in that it describes Intricate ways In which pipe Is laid. The chief value of this booklet to architects and engineers here in New York City lies in the fact that it is particu¬ larly adaptable to carrying high pressure loads In buildings where vibration tends to loosen joints. Copies will be sent upon application to the general offices at Pittsburgh, Pa. Concrete Construction. The Universal Portland Cement Co., 72 West Adams street, Chicago, Is distributing a new book, "The Concrete House and Us Construc¬ tion." published by the Association ot American Portland Cement Manufacturers. It has 224 pages, 159 llustrations and Is sold for $1 per copy. The index of chapters indicates its scope: "The Advantages of Concrete for House Con¬ struction" ; "Architectural Design and Treat¬ ment of Concrete Houses": Details of Con¬ struction" : "Operations in the Field" ; "Calcu¬ lations for Determining the Strength and Design of Reinforced Concrete In House Construction" ; "Calculating the Bending Moments for Rein¬ forced Concrete Beams and Slabs and the De¬ termination of Size and Reinforcement" ; "Tables for Designing Reinforced Concrete Construction and Their Use" ; and "Concrete Block Houses." Persons desiring tbe book will receive one pre¬ paid by sending $1 to the Universal Portland Cement Co.. Chicago, Pittsburgh and Minne¬ apolis. -----------•----------- —In the year 1909 tbe cost of coal consumed by the Department of Water, Gas and Electricity amounted to $613,806. The cost of coal In 1910 was $491,292. showing a saving of $125,514 over the cost of the previous year, a condition w-hich resulted from more economical and efficient means of purchasing and handling coal. In addition, there was 2.5 per cent, more water pumped in 1910 than during the previous year. Standard specifications and contracts for coal have been adopted. LAW DEPARTMENT Building Contract. The rule ot law that when the time specified in a contract for its performance has been waived neither party can thereafter rescind the continued on account of delay without notice to the other that it will be rescinded unless completed within a reasonable time, to be specified in the notice, applies as well to contracts wherein no time is specified for com¬ pleting the work. In the latter case, if the work has extended beyond a reasonable time the notice is a prerequisite to an action to re¬ scind. A conversation between the parties in which complaint was made of the delay, but no definite time specified for a completion of the work, is not such a notice as the law re¬ quires. The Court ot Appeals of this State so decides In Taylor and Andrews against Goelet. In May, 1900, Frank M. Taylor and Frank M. Andrews, plaintiffs, entered into a contract with Robert Goelet whereby Goelet agreed to erect a building upon land owned by him, and when the building was completed to lease the prem¬ ises to the plaintiffs for a term of twenty years at an annual ground rent of .'f42,000, and in addition an annual rental of 0 per cent, on the cost of the building. 'The contract provided that the building should be erected according to plans and specifications prepared by the plain¬ tiff Andrews, who is an architect, and ap¬ proved by the defendant. The plaintiff agreed to take a lease of the premises for tbe period and at the rental mentioned on the completion of the building, and in the meantime, beginning with the date of the contract, to pay the defend¬ ant $2,.500 a month. There was a provision In the agreement fix¬ ing the sum of $00,000 as liquidated damages for a breach ot contract by the plaintiffs, and the payments of $2,5CK) a month were to be applied in the satisfaction of such liquidated damages if liability for the same accrued. The contract required the plaintiffs to furnish se¬ curity for the rent, and on the execution of the lease and the furnishing of such security the amount of the monthly payments theretofore made by the plaintiffs was to be returned to them. There are other provisions ot the agree¬ ment not material to the questions before tbe court, but the contract was entirely silent as to the time when the defendant should complete the building. This action was brought by the plaintiffs to recover the sum of $52,788, the amount of the monthly payments up to February, 1908. The complaint alleges that the defendant failed to complete the building and lease the same to the plaintiffs within a reasonable time, according to the terms and provisions of the contract, and therefore the plaintiffs had elected to rescind the agreement and recover back the money paid thereon. It was proved on the trial that In August, 1906, the defendant entered into a contract with the General Supply and Construction Company, a corporation of which the plaintiff Taylor was president, for the erection of a building on the land In question according to the plans and specifications prepared by the plaintiff An¬ drews and approved by the defendant. This contract provided that the building should be completely finished and ready for occupancy on or before July 1, 1907, and the contract price was about $378,000. The work of constructing the building was then begun and it proceeded slowly, with the plaintiff Taylor personally In charge. July 1, 1907, was a reasonable time limit to allow for the erection of the building, but it was still un¬ finished in February, 1908. The plaintiffs had in the meantime made the monthly payments, which then amounted to the sum sued for. $32,- 788. The last payment was made on Febru¬ ary 17. At about that time the plaintiff Taylor, In a conversation with the defendant, spoke of the backward condition of the work on the building and of the interference by the defendant with the subcontractors, and said that unless the quibbling stopped and the job got under way he and Andrews wanted their money back and would rescind the contract. —The consolidation of the Bureau ot Water Supply, under one head Instead of under six Independent heads, as formerly, resulted in a yearly reduction In salaries of over $:!00,000, and in the elimination of proposed works which would have cost the city about $1,800,000. The substitution of other work effected an annual economy In operating and maintenance charges of $200,000. uu^aiiniumnllnTlinilliir, —Home mortgages are among the soundest in¬ vestments. Usually the home owner will not let go until he Is torn loose by adverse circum¬ stances of the severest kind and when the other fellow walks the floor—you don't have to.—R. E. Board of Brokers' Bulletin. AUCTION SALES OF WEEK. Except where otherwise stated, the proper¬ ties olfered were in foreclosure. Adjourn¬ ments of legal sales to next week are noted imder Advertised Legal Sales, • Indicates that the property described was bid in for the plaintiff's account. Manhattan and Bronx. The following is the complete list of property sold, withdrawn or ad¬ journed during the week ending May 9, 1913, at the New Tork Real Estate Salesroom, 14 and 16 Vesey st, and the Bronx Salesroom, 320S-10 3 av. JOSEPH P. DAT. ■Broome st, 375, ss, 50.8 w Mott, 25.4 XllS.3x25.4x116.5, 6-sty bk tnt & strs; voluntary; bid In at $45,000. ------- ■Catharine rst, swc Madison, 70x64.7, 3- sty bk church; voluntary; bid in at $59,- 000. -------