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March 31,1894 Record and Guide. 467 ^X ^ ESTAuusKED-^iAiwpHsr^ieee, Dev&te) to Re\L Estate , BuiLoi^fe !\rci(itectuhe ,Ho\ise«oid Degoi(atio((, Bi/sii/ess a!^ Themes of GEfteR,/iL If/TE!\,Esi. PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. ■ Piililisheil every tSalnrday. Telepiioi'k,......Cortlandt l.'STO Communications should be uddressed to C. \V. SWEET, 14-16 AVsey Street. J. 1. LINDSEY. Husiitcss Manatjrr. Brooklyn Ofi-k-e, '276-282 W.isHtNCTtiN Stkeet, i,,, Orr. Port- Offh-e/- *'Enteretl al Ihc rtisl-opicc nt Vew York, A. Y., as second clu; matter." Vol. LIII. MARCH 31, 189 t. No. 1,359 Eor additional Brooklyn mutter, see Brooklyn Department imntediutely followiiitl Netc Jersey records {patte'>ll). rr^HE efite<-t of tlie veto of tlie Seijjiiiornjie Kill on the storl< -^ uiiifket hiif) been very .^iiiiiill. On it.s iiiiiiomieeiiieiit there Wii.s .some reiiliziiif;'iind riiin^idei-iilde .-iliort selliiifi-. hut twenty- tour hours showedbolli to liiive heen iiiii
r has larfjely helped to briiijr iibout this result, and .so loiif; as our i-uireui-y laws are a liuiidle of expe- dieuts iiiiiiiitiiiued be.voiid t he period of the eiiierfi-oney they were intended to meet, fmeifiu biiyiiin- of our own securities will be siieeulative ouly iiud our market liiible to be disturbed iiud pi-oy:ress chei-ked whenever foieiKUers stop to take p otits. Busiuess outside of the slock market, taken as ii whole, is not i|uite as good its it was ii week ano. The iiii-lemem-y of the weather uiiij' have hiid sometliiufr to do witli this, and sunshine may briiifr with it better news. Th<- reports of the results of the cold weather ou the crops have to be sifted dowu .so tluit it can be seen what diiiiiiiije has lii-eii (huic and iiieiiiitime orders may be held back, but the tiltiuiiite opiiiiiiu will probably b<> that damage should help prii-t-s, and wluit is lost iu one wtiy will be made up iu another. The iron tiiide is not so aetive tlutt a strike iit Couiiellsville <-aii do it much diimage, provided it does uot last very long. The shoe tiiide seems to be the brightest sjiot iu the eoiumerciiil prospeet .just now. for not oul.v are factories Itusy but oue iu Philadelphia has voliiutarily raised -waiLces 2."> per cent in oue ot its departments iu couseipienee of the good business it is doing, lu this, as iu other liues, merehauts have beeu doing business ou a hiind-to-moiith polic.v for ii long time, but it is the tirst to experience the benefits of a chiiuge. iind from now on similar results ma.v be expected from other depiirtments of business. The veto of the Seigniorage Hill raises a prospect tliiit litis a very importiint beiiriug ou the movement of stocks, as well as of general liusiuess. and thiit is whether the increased autagouism it createstotlieadministriitlon andadmin- istration ineasures may not end in the defeat of the Taritt'Bill, 111 view of till- alreiidy greiit opjiosition to this meiisure sueh a result is i|uite iirolialile, and in its event, or even if there is au}'- thiug like ii general conviction tluit it will hiippeii, the bu.viug luovemeut would receive liirge accessions of streugth, espe¬ i-iall.v iu such securities as hii\'(' lieen dejiressed beciiuse of the Taritt' Bill, for instance, Siigiir, Natiouiil Lead, Cordage and others. rpilE iiuprovemenl in business in Great Britain hits not yet -*- att'ected the iron aud steel ti-ade as a -wbole. While there has been il demand for shipbuilding and engineering irou the totiil output for .Tiiiiuiiry and Febriiary was lower than in the same mouths of the previous lliree years. Even the shipbiiildiiig interests liave been ilaiiipi'iiiil by llu- Ciincellatiou of orders for eighteen shijis pliu-ed iutln i !m1... IIk- Euglish strike statistics of ISiKl eiiiitiiiu llu- loUow ill. inlcri-sliiig tigiire.s: Total persons involved, i;0:.',t3t.;s; successful. :!;t(»,sH; paitiiilly successful. i:}4,8()4; iiusuccessful, ,()(H» marks, and on Det-eiuber :U, 1892, Sl,35:{,( too marks; besides the amount of this decline :^,O(MI,0(M» marks had bi-eii coined iiud added to the silver cin-ulatioii, ,\t the close of liist December, to which date the silver (-ircnlation had been further increased by s,()OI»,t»0(» marks, tlie silver sto<-k of the Imiieriiil Biink had declined to S2,72(t.OOt) luiirks. Brauch ottices of the Imperiiil Bank luid asked for no iiK-i-ea.se of their silver stocks by 84,494,Oltl) nuirks, of which only 9.1 per leut could be supplied. This deiuiiud is for the liirgcr silver coins. Aitstriii-Hiingiu-,y ]iroposes, too, to increitse the amount of silver in circuliitiou. The Austrian goverument hits also un ler coutemplaliou plans for extensive development of the railroad system of the Empire. The Bi-iiKilian government despite its ditticulties made uo default on its obligations in the last half .yciir. As these sell on a basis of 7'2 per cent ou the investment, their holders naturally expect a rise iu the i(iiotiitioiis. But as Biii/il. with a population of fifteen millions, mostly half breeds and liidiiiiis, luisa natioual debt, iniliidiug guiiiiintees of iibout seveu hiiudred and ttft.v millions of dollars, of whi<-li it is (-alculated Eiiglaiid holds one- third, and nioieov(-r as fiict ions there are uiiiuy and their siiirits Vfvy high, the country will have to ]irove itself eqUiil to the fiuiinciiil burden it ciirries before its se(-iirilies ciin iijiprei-iate or its credit be extended. .\^(-i-oi-ding to .Viistraliiin political econo¬ mists the Iroiibh-s of their i-oiintr.y arose eutirel.v from the iniiiuitoiis and reckh-.ss wa.v in which nioii(-\ was loaued to it in I>iiiidoii. THE attention of our readers is particularly directed to tht- statemeut which our (-orrespondent iit Albany makes in iiuother column couceruing thefateof the Chamber of Commerce Kiipid Transit meiisure should the public of this city eoutiuue to manifest a cold and imiieitiirbabh- inditt'erem-e iis iit preseut. A proinineut real estate broker, who has .just returned from a tour ainoiigother i-ities, said recentl.v : " Whatstrikes me ver.y foreiblv upon getting home to New York is the complete tibseuce ot the least public spirit. I liave been living for several weeks in ilittereiit cities iu an iitmosphcre positively vibrating with public .s](irit. Each individual apiiareiitly has lively .symjiiithy aud (-onceru foi-the advancement of the commiiiiitv iu which he lives. The New Yorker, ou the contiarv. strikes one as dead inditterent to the cit.y's welfiire. There is no spontaueoiis co-opei-iitiou. AVe are like a lot of prairie dogs, we have each got a hole and tllilt aud oiirown partii-iilar personal iuterests are all we have au.v coueeiu for." This indeed seems to be the case, wheu at .so criticiil a monieiit as the preseut, when siii-h enormous public interests are at .stake as iu this matter of rapid trausit, not a voice is rai.sed, not a meeting has been held to support a measine, the failure of which must result in hiiniling o\ er the solution of the liiiiid tiiinsit problem to private iudiviiliials, uho are little Iikcl.\ to give extreme con¬ sideration to public interests. If the Chamber of Commerce bill be killed rapid trausit will be delayed, to .say the least, auother .vCiir. But of more consei|ueiii-e than d(-lii.\ will be the encour¬ agement that defeat will give to ]ioliticiaus and private interests to ]iusli forward their schemes. The elevated roads will be emboldened to grab for siu-h streets and avenues as may suit their divideiid-iuaking plaus. iiuito irre.spei-tive of the general interests of the <-it.y. It is even not improliiible, for such has already been hiuted at, that ett'ort will be made to secure fiivora- ble legislation com-erniiig damages to real estiite ai-i.sing from the erection of new elevated structures, 'i'he politicians will work ctm itiuiirc with any sueh iiliin for the s])oliiiiioii of the city, Jor their interests, as is the case with all private interests iu deiiliii.u with rapid li-iinsil, iire in a meiis¬ ure opposed 111 those of the cit.\ at large. H' Iliis should liap|ieii. real estiili'men will hiive uo right lo cniiipliiiii. They have not
