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Real estate record and builders' guide: v. 54, no. 1380: August 25, 1894

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Augaat25, IStfl Record and Guide. 257 niE. ESTABUSHED*^ l^caSliiN 1868. Dev&teD 10 f^L Estate.BuiLDif/G ^cKn-ECTUHE.KousafoiDDEecRmoi*, Bush/ess Alio Themes or GeiJer^L IrfttRfsi. PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Published every Saturday. Telephone,......Cortlandt IS70 Conimunlcations ahould be addressed to C. W. SWEET, 14-16 Vesey Street. J. 1. LINDSEY. Business Manager. Brooklyn Office, 276-282 Washington Street, Opp. Post Oitiob. "Bettered al Ihe Post-office at Nev> York. N. Y.. as second-idass matter." Vol. liv. AUGUST 25, 1894. No. 1,380 For additional Brooklyn matter, see Brooklyn Departi}wnt immediately followina l^ew Jeraey records [paqe 379). OUR BUILDING LAWS. Architects, builders, building operators andotkers interested in the liuild¬ ing trades in Brooklyn, will be glad to learn thatTuE Record akd Guide edition of the new Building Laws of Brooklyn is now issued and for sale. Those who are familiar with the manner in which The Record and Guide editions of the Bnilding Laws of New York have been compiled know what to expect—a handy volume, containing everything embraced toiHiin the State laws, municipal ordinances, and departmental reguUitions, with illustrations wherever they are helpful to declare the meaning of the text, and a directory of the Building Department. The laws and ordinances embrace those governing sanitation, drainage, water and other street connections, and the regulations of the Health Department also. Finally there is a complete index—a labor and time-saving conven¬ ience that 18 alone worth twice the price of the book, which is ready for delivery from the offices df. Thi5 Record and Guide, Nos. 14 and 16 Fesey street. New York, and 276 Washington street, Brooklyn, at the uni¬ form price of $2, WHEN reports of improvement in trade are as universal as now they must be accepted ae good evidence of changed conditions. In almost all lines—jobbing, dry goods, shoes or iron and steel—improvement is noted. Id the few instances where improvement is lacking there is no set back only hesita¬ tion, as in drugs and woolens, because of the uncertainty regard¬ ing the action of the President on the Tariff bill, and its pai-ticular effect on goods iu these lines. The strike and shut down among the New England cotton mills have a bad appear¬ ance, but they can on'y fail of speedy remedy in the event of all the world beiug wrong on the trade situation. Continued improved business would soon use up manufactured stocks of cotton goods, and depleted stocks would quickly show the way to a settlement of labor troubles. In the stock market much of this week's advance has been due to the scaring of bears on the high-priced stocks, particulaily in the Vanderhilts. Taken as a whole there has beeu a great deal oE realizing, hut it must be couf^ssed that it has been an excellent market to realize on. The nest few days will set le definitely all doubts on the Tariff bill and the market wi 1 take its cue accordingly. Looked at broadly there eau be no doubt that it is a bull market. Whatever set backs come will be speedily recovered under an irresistible tendency of prices to advauce from the figures into which they have been forced by the bad business of the past year. Stocks could not fail to advance, business to im¬ prove and people feel better ou such good news as that the ad¬ journment of Congress had been fixed for an early day. CHEERFULNESS characterizes all the reports from foreign trade and commercial centres. The stock markets are active on advancing prices. In fact alj the world seems to be emerging at one and the same time from the dumps into which one country after another has been plunged sinee the Baring failure. The universal recogEition that conditions are better proves that the change is quite positive. The small signs whicb, from time to time, pointed the way we have gone have been overlooked. As a matter of fact the indications of better times have been quite precise for some time, this whole year haying been one of steady recovery in almost all lines of business. English railways report an increase in gross earnings for the first half of the year of over $5,000,000. Board of Trade returns for July show a decline of $7,000,000 in imports, almost wholly under head of breadstuffs, and a decline of $6,000,000 in exports, generally distributed. Good harvests throughout Europe offset the falling off on this side ot the Atlan¬ tic, so that the amount of wheat grown will equal a year's con¬ sumption, but there are still accumulations of the past three years to keep dowu prices. Announcement is made from Paris that meetings bave been called tor the Slst inst, of the stockholders of French Submarine Telegraphs and Paris to New York cable companies to ratify an agreement that bas been negotiated for the amalgamation of those comparics. Bleichroder and the Disconto-Gesellschaft have taken a hundred million francs loan of the Gotthard Eailway Company. Th< textile trade of Ger¬ many is looking up as a result of the passing c f the Senate Tariff measure. Vienna is flourishing because of the number of public worksgoingoninitsmids). The improvement of the Danube, the building of a number of railways, some of them undergiound, axd to be worked by electricity, and tbe removal of the old fortress-like barracks from the cei-tre to the outskirts of the city have given plenty of employment to the working people. A canal from the Danube into the Elbe or the Oder is now talked of. The government con¬ tinues tbe rapid delivery of the new gold coins to the Austro- Hungarian Bank, In Kussia the scarcity of labor in tho farming regions is making a market for agricultural implements and machinery. South America and Australia are not excepted from the pleasant change that is taking place in the comnierciai con¬ ditions of the world. In Chili the sale of the nitrate beds has been so satisfactory as not only to put the government in funds, but also to encourage business ; in Argentina the continued fall in the gold premium is having a similar influence, and in Aus¬ tralia the banks, as reorganized, are strong, with a large supply of gold on hand. THERE is no doubt that 1S94 will break the record for gold production, not only in the United States, bnt also in the other great gold producing countries of the world. Last year the total production was about $150,000,000, of which the United States contributed $30,000,000. Current reports in¬ dicate an increase of 25 per cent for this country. In South Africa and Australia there are also indications of a very large increase so that it is possible that the year may add $180,000,000 to $190,000,000 to the gold supply of tbe world. These reports are naturally having a very great influence on trade and on the stability of financial conditions. It is reported that Japan contemplates putting its currency on a gohl basis as a part of the refonns it is carrying out in order to bring the nation more on a par with great foreign powers in its dealings. Such an idea would not have arisen except for tbe success that is attending the miner in the gold fields. The apparent certainty of a large increase in the output of gold has also a good deal to do with tbe maintenance of the policy of the Indian Council toward silver and will go far toward making that policy the success it promises to be as soon as business revives. Wliile there cannot be any doubt that the world is becoming much richer in available gold, and that fact is having a great deal to do with (he improvement in business, we should, however, be careful in accepting all the stories that are being circulated about gold discoveries in different parts of the world. Gold is fonnd in places remote from the great hives of humanity, and a small discovery may become a large one before it reaches the confines of civilization by dint of telling, and as the ordinary newspaper is a sensitized plate, unresistingly receiving any impression thrown upon it, Ihe latest version of the story is taken without criticism andpassedon from one journal to another with equal indifference. It will be well to wait before we accept the amazing accounts of gold discoveries that are now coming— with the suspicious prints of the space-writer's fingers upon them—from out of Colorado, Australia, So'th Africa and even New Guiana and Venezuela, until competent examination is had of them to determine their proportions, otherwise we may he taking a gold-news boom for a gold-boom, which is a very distinct and different thing. OUR newspapers make ns out to be a queer people. A few months ago they were voicing what was supposed to be the popular sentiment concerning the Goulds. Thoy were a tainted lot, these heirs of the dead piratical millionaire and, said our editors, the matter of rapid transit then being uppermost, they and the wicked corporation with which they are interested are not to be trusted. They are quite capable of burglarizing our streets, of attempting to bribe our incorrupt- able officials, of defrauding the city aud of committing any of those wholesale crimes which it has become the privilege of our rich to indulge in almost with impunity. It was in these colors that the editorial picture of the Goulds was painted a year ago. Since then the purchase of the Vigilant has wrought a wonderful change in the newspaper conception of these young men. Depicted, if one may say so, in «;a