Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: no. 56, no. 1426: July 13, 1895

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Jnly 13, 1895 Record and Guide. 37 \S^ W " eSTABLISHED"^'MrHPH2L«>IB68. DEV&lie TO Pm- Estate . BuiLoiffe ApprfiTECTUi? ^{ousErioui Deoi^tihI, Si/sii/ESs Alio Themes ofGeiJer^I IrfttUFSi., PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Published every Saturday. TELEPHONF,......COETIANDT 1370 Oommunlc&tioLB Bliould be addressed to C. W. SV/EET, 14-16 Voeey Street. J. 1. LINDSEY. Business Manager. Brooklyn Office, 276-2S2 Washington Street, Opp. Post Offiob, "Entered at the Post-office al Ifeuj Tork. N. 7., as second-class metier," Vol. LVI. JULY 1^, 1895. No. 1,426 AN IMl'OliTANT ANNOUNCEMENT. The Rrcord and iJiVii>k %viU furnish you ivith daily detailed reports of all Imilding opei'ations, compiled to suit your business specifi.caUy, for 14 cents a day. You are thus kept informed of the ent'i/re market for your goods. No guesswork. Every fact verified. Abundant capital and the thirty years' experience of Ti\& Record and Gvld-e guarantee the com¬ pleteness and aHihcnticlty of this sm'vice. Send to 14: rtw.i^ 16 Vesey street for information. THE events of Ihe past week liave not chaugeil the feeling in Wall street, although so far the breaks have been limited to the mysteries, snch as New England, Sugar, Chicago Gan aud Leather. Tlie first ett'ects of a change in specidativo feeling on either side is always iu this ulas.'* of stocks, the moi-e substantial ones talting their turn later, but of course iu a lesser degi'ee. As it is there are signs that the liquidation in not yet over in any of the issues pre\'inus]y nainetl. It is hardly possible that a re¬ cover!' will come before the railroads have from some cause or another sympathized with this movement. As likely a cause as any is tbe probable return to this side of large amounts of the new United States 4s sold in Europe in the spring, when the bonds are delivered lo the purchasers next month, and the effect thi.s movement will have on exchange. People who have been steadfastly bnllich until now and confident nf the situation are beginniug to look forward with some anxiety to the time when these bouds will cease to be tied up by beiug represented in the hands of subscribers by syndicate certificates only. NEW capital applications in London for the first half of the year have amounted to if200,000,000, which figures com¬ pare very favorably with those for the same time in 1894 and 1893 when they wore $150,000,000 and $125,000,000 respec¬ tively. The amount for tho first six months of 1892 was $345,000,000, but the falling ott' iu the last half of that year, of which there is no sign this year, was very sharp. On the whole tbe promises of sound activity iu business operations in Great Britain are better than these given in any year since 1890. Prices of commodities, too, have maintained a rising tendency all this year iu contradistinction to the movement which had previously characterized them since the year last named. Similar indicatiooA of bettered conditions are to be found in other parts of Europe, though perhaps in not quite so pro¬ nounced a degree. Beyond this there is nothiug to bo said. The summer dullness i.'^ at hand and all that can be expected is that there will be no falling oft': the acceleration of the speed of the trading movement will doubtless come in the fall under the incentive of the issue of some great loans now on the carpet. -----------■----------- EXPERTS in watermanship may disagiee as to the value of the recent international regatta on the Thames in deter¬ mining the relative efficiency ol; different methods of rowing but there can scarcely be two opinions that these " friendly " compe¬ titions may easily engender no slight amount of ill feeling. Everybody indeed, says, when tbe occasion requires it, that international rivalry ill sport is a good thing, because forsooth it increases the scauty stock of kindliness which one nation has for another; but to be candid, surely the only "good-feeling" produced in any appreciable quantity is the self-satisfaction which tickles the victors. We venture tosaythit the Cornell iucidcntat Henly has been as powerful an irritant to the aoi- uiositJes of the two nations concerned in the aquatic " larks" of these packs of school-boys, as a stiff diplomatic controversy. The editorial ink-stands on two continents must have run almost dry discussing the momentous problem whether Iho Cornell crew did or did uot act with sportsmanlike propriety in taking the race their rivals forfeited ! And the absiu'd phase of all the talk and pother made over these international contests is that none of them determines the very ijoiot which tacitly at least national pride considers they definitely settle, namely the superiority of one people over another in a given department of athletics. The defeat of Cornell in no way measures the superiority of English rowers as a class to American rowers as a class; aud had the Ithacaus been victorious their success would have had uogreater significance in the reverse direction. Indeed these tests have no precise scientific value at all in determining the degree of national profi-ciency, aud this is so particularly when the competition is held, as must almost necessarily be the case, uuder local and climatic conditions I'oreign to one of the contestants. The last race for the America's cup and its sequel, the visit of the Vigilant to English waters enabled us to see clearly the importance of "local conditions." The American yacht, victorious at home in eacli trial with the Valkyrie was beaten abroad in eight out of thirteen races by a boat inferior if aiiythiug to the rival she encountered iu America. " Good- feeling" between nations is still, like other articles that cross the frontiers, chiefly acommercial commodity. It passes to and fro under the same conditions as rum or cotton goods, that is so long as the transport of it pays. The patriot, (using the word in its everyday meaning) is in the main only tbe savage in ar.other covering and probably no .savage when vanquished in race or trial of skill ever felt the better side of himself irresistably getting uppermost or his kindliness expanding at the sound of the cheering of his victors. Human natui-e doesn't act that way. Protection of High Buildings from Fire. Iu reference to the demnnde that have been made upon tho city to increase tho system of protection against fire to meet new demancis created by the recert revolution iu office and hotel hailding, the following statement of Chief Bonner to a Recoro and Guide reporter last year will bear repetition: "All bniUlings erected in this cily with the steol-cage construction T look upon as dangerous in case of lire, for the reason that when they pass beyond 125 feet in height they get heyoiul the control of our department. We have nothing Up to date thiit will aid ns in extingaishing fires aliove that point. We have looJied all over tbo country for thetn, but up to th(^ present time have not been able to obtain any appliances that will warrant ns iu saying that those b-.iildings in their up per stories are within our control in ease of lire." The East Eiver Bridge. The East River Bvitl^e Commission has receiveil from the East River Bridge Company an ofi'er whereby the Litter's franchisem;iy be acquired by the public. It is io deliver the cotnpiiuy's rights and franchises for the bridge in question, several pieces of real estate, and a bank deposit of $53,000, for $200,000. Tbe offer is made on the condition that tbe bridge and its approaches be so constructed that the trains of the Brooklyn Elevated Railroad Company may be operated over it. The Commission will discuss this proposition later ou. Frauk Sperry of Brooklyn and Frank E. Pavey oE New York have been appointed counsel to the Commission, Sis Months of Real Estate. NISW VOIiK CONVEYANCES-, ISOiJ. Total No. 1st quarter. Conveys. January...... 1,062 Feiirmiry..... 1,014 March......... 1,146 Total, let qr, 3,'222 2(1 qiiiirter. April.......... l.-l-3.^> May............ 1,363 June........... 1.29fi Totili, 2il qr. 4.094 3.222 TotalforCmo3. 7,3lfi 1894. 1st qnarter. Jacnivry....... 1,1S6 February...... 83y March......... 1.131 Total, 1st qr. 3,150 2a qnarter. Apnl.......... 3,^1^> May........... 1,227 Juue.......... 1.170 Total, 2d qr. 3,718 3.156 Total forGmos. 6,874 1803. lat quarter. January...... 1,171 Feliruary...... 1.107 March......... 1,106 Total, 1st. qr. 8,684 2d quarter. Aiiril........... 1,458 May............ 1,580 June.......... 1.345) Total, 2d qr. 4,387 3.G84 TotaltorGmos. 8,071 Amount. No. Nom. No. 23d & 24th W. Aiuoimt. No. Nom. $12,474,651 11.908.913 15,407,882 472 501 574 232 181 201 614 $825,074 773,575 1,628,437 $3,326,086 94 82 84 $39,791,446 1,547 260 i^i 18,043,691 18.40 t,477 lij,917,357 691 650 665 209 253 305 767 $350,555 832.433 822,178 $3,505,166 89 HO 136 ^52,365,525 2,006 335 39,791,446 1.547 614 3,326,086 $5,831,252 260 $92,156,971 3,353 1,381 595 $16,265,126 13,172.955 13,945,704 520 376 539 306 173 175 654 $1,197,347 727,961 516.982 109 65 86 $42,383,785 1.435 $2,442,290 260 16,469,657 16,264.141 15,i;)9,52S 567 557 473 211 207 282 664,665 715,010 930,444 $2,310,119 88 78 57 $47,873,326 1,597 700 223 42,383,785 1,435 3,032 654 2,442,200 $4,752,409 260 $90,257,111 1,354 483 $19,394,787 18.4:^5.486 26,302.434 401 434 497 2'''' 148 198 508 $692,301 .507,839 1,383.175 83 53 72 .$04,102,757 1.3.32 $2,583,515 210 26,927,059 ' 36.026.667 23,244,443 498 ,')42 473 210 201 278 689 768,500 1,057,458 1,923,782 $3,740,746 79 45 76 $86,198,168 1,513 200 04,102,757 1.332 2,845 568 2,583,515 if6,333,261 210 $150,300,035 1,257 410 •