Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: no. 56, no. 1446: November 30, 1895

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November 30,1895 Record and Guide. 757 ^1 CH8Ua^I868. Dn^TED 10 Rp^L Estate .BuiLDiffe %afrrEeTvffi?){ousEitou) Qcag^pai, BKsntess Atfo Themes OF CeiJerM' llfto^F*!. PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Published every Saturday. - Tblephonb,......Coktlahdt 1370 Commnnloatlona should be addressed to C. W. SWEET, 14-16 Vesey Street. J. 7. LINDSEY. Busi-ness Manager. "Entered at the Post-office at New Tork, JT. ¥,, as seeond-cletss -matter." Vol. LVI. NOVEMBER 30, 1895. No. 1,446 The Record and Gvidw will furnish you with daily detailed reports of all building operations, compiled to suit your business 8pec'ifi.eally, for 14 cents a day. You are thus kept informed of the entire market for your gooda. No guess work. Every fact verified. Abundant capital and the thirty years'experience of Tun Record and Gvid'e guarantee the com¬ pleteness and authenticity of this'jervice. Sendito 14 rtJt^ 16 Vesey street for infiyrmation. UNDER the influence of light gold exports the stock market has strengthened. If there was any way of determining whether this is an indicatiou of an early cessation of gold ship¬ ments altogether, or merely a hill in the movement, the course of the prices of securities conld he foreshadowed with some cer¬ tainty. There are some signs of increase in the volume of our exports, bnt until these are more definite, or nntil foreign buying of our securities is carried on with the old-time coufl¬ dence, the course of exchange must be uucertaiu. This is a great pity because testimony accnniulatea day by day that our internal commerce is improving. A feature that is becomiug more and more prominent is the successful development ot the Colorado and other gold fields. Tlie increase in the production of gold means consequent speculative activity. Part of this speculative activity is not pleasant to anticipate. It looks very much as if we are to have an attack of mining fever. Powerful forces are at work to bring this about. While the exchanges of Chicago and New York have frowned on the idea, there has been an active inquiry for mines that could be dressed up and made presentable enough to catch the ignorant. Tbis means nothing less than an intended mean aud dishonest attack upou the sav¬ ings of hired girls aud clerks. Since the Leadville sensation mining operations have been confined, iu the maiu, to people who understood the business, or knew enough about business generally to act with prudence. Good minescouldnotbebought and bad ones could not be sold. What promoters are trying to do now is to makeit possible to get hold of good ones aud on the strength of tbem sell bad ones. As the unproductive mines are plentiful and the productive mines rare, the flnal result of a miuiug boom caunot be anything but a disappointment tothe public however profltable it may be to promoters. But we fonr the public bas already caught the disease and irill have to take the medicine. the conditiou of trade, \Yhich was undoubtedly good. Tbere has beeu a steady revival in business throughout Europe for some time which has now reached au assuring basis; the government receipts prove that. There aro exceptions at ijoints and threat¬ ened dangers bere aud there from over-confidence, notably in Austria and Hungary, but the outlook as a whole is satisfactory. THE liquidation in Kaffirs has apparently been as discrimin¬ ating as wholesome. The decline to the middle of this month was abont 18 per cent in dividend-payers, 37 per ceut in non-dividend mining stocks and 36 per cent in development and land compani