Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 57, no. 1457: February 15, 1896

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Febrnnry l.'>, ISOO Record and Guide. ;iiiiB^. ____________l^^^( Dev6ts1) io PfH. EsTWT. BiJiLDi;Jb As^cKitectuhe ^{ouseHou) DE9S^|3il^ Basii/ESs Aii) Themes of GEifeP4{>l iK^rai^l!... PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Published every Saturday. TBLKPaOND,......COBTLANDT 1870 Oommnnloatlons Bliould be addreseed to C. W. SWEET, 14-16 Vesoy Street. J, 1. LINDSET, Businets Manager. " Entered at the Post-offlce at New lork, N. T.,as second-class matter." Vol. L\ir, FEBRUARY 1."., 1890 No. 1,4,- The Rrcord and Glide will furnish you with daily detailed reports of all building operations, compiled lo suit your business spccijically, fot 14 cents a dag. Tou are thus kept informed of the entire market for your goods. No guess work. Every fact verijied. Abundant capital and the thirty years' experience of TiiK Kkcord asd Guidk guarantee Ihe com¬ pleteness and authentic'ity of this service. Sendito 14 and 16 Vesey street for information. C^ OLD p.aymeul.^ for the new bonds are coming iu rapidly ^ ,iiid the reserve is rising, which i.s .accepted as a good thing, and no doubt is. The hapiicning.s of the last few weeks have created a new feeling of conlidciice throughout the i-ountry which will enable us to take another step in our intermittent progress toward renewed prosperity, f^o far as it is possible to foresee, there is nothing that can arise tor some time to come that would prove a bar to improvemenf, although there are several things, usual to this season, which will liclp it when and as they come, .'^o on the whole general conditions forcouimercc, having escaped tbe fears of war, and of suspension of gold pa^'ineiits, are as satisfactory as can be expected under the trying circumstanies of an inefficient currency and an ignorant and slubborn Congress. As to AVall street, it continues to reflect the better feeling, and if the indications of foreign buying now present foreshadow any large movement in that direction we will see prices considerably higher. But it must always be borne in mind that foreigu buying will only be speculative so long as our curreLcy couditions are contrary to good finance. Thi.^ fact will keep our market always under the fear of a sudden development of foreign selling'-, and, of cour.se, prevent that complete recovery and advance that stocks would have under better conditions. ^^"OWADAYS, whenever the executive of auy other nation -^^ wants to get something from a reluctant parliament, it proceeds to twist the lion's tail. How Ihat animal endures such treatment is only explained by tho theory set up 'by Li.fc; i. c, that a swivel has been put iuto its caudal appendage .so that it cannot suffer fiom the oiicration nor its final adorumeut come out in the hands of the twister. The German Ministerof Marine, by accepting the responsibility for the Emperor's telegram to President Kruger, is the latest manipulator, but he does not seem to play very well, because Uw Reichstag refuses to be worked uvi to the pioper iiitch of patriotic fervor to carry the naval vote. However, wo mav coniidently look for a change in the public interest. As the very disturbing circumstances of the past two months, relating to Venezuela and the Transvaal, are being diji- lomatically smothered away, attention is being drawn Lo tho fact that the treaty between Germany, Austria and Italy, kuown as the Triple Alliance, expires next year, and all mannerof theories are propounded as to what m.ay follow if it shoi'ld not bore, newed. There is no doubt that as the treaty now stands it is occasionally hurtful and irritating to the several parties to it, but none can fail to see that it has, on the vrhole, served them all very well. Germany mayrcfusetorencwit, iu the hope of securing a closer rapprochement with Russia and draw the latter away from Fiance ; or Italy may withdraw because of the enormous military burdens the alliance throws upon it, but it is doubtful if either can enter a combination which leaves it so free to pur.sue its own course, at the same time protected from the hostility of declared rivals, as the Triple Alliance. What is most to be feared is a lapse of the treaty with an interval iu which each European power is left to its own resources and to a greater extent than now to the mercy of its .jingoes. While this is the aspect of things on the Continent, in Great Britain the Empire League movement, having for its object the binding together of the mother country and the fluurishing ccdonies iu a .great league or alliance, is re¬ ceiving more attention. Could the home government give the colonies a favorable differential taritf there would bo no doubt of the early success of the movement, but this does not seem to be possible just now. What might make it possible, if not «asy, -would be a condition of things -which -were threatened by the A'enezuchui message of .Mr. Cleveland and the rash dispatch of the Emperor of Germany. France desires to close the only opening in the wall of protection that now contaius her and her colonies, by abrogating the treaty of Great Britain with Tunis, by which the former can claim the most favored nation privileges in peiiietuity. It has heen suggested that France can secure this by smi-endering the French fishing rights ou tho coast of Kew- foundlaud. The new Tonquin loan guaranteed by tho homo government is to be issued at 2io per, cent which is to be the type of the new State loans, or 7^ pd- (.pyt less than the United States has to pay in consefpience of its currency folly. A conference is to he held to-day at 2 o'ch)ck at the Real -^^ Estate Exchange between Messrs. .'^. F. Jayne, P. S. Treacy and F. R. Houghton, representing the new Real Estate Board of Brokers, and a couimittee of five who will speak on behalf of another "broker.s' mivement," which has sprung into existence lately. It is to be ho,>ed Ihat the conference will find the rep¬ resentatives of the two organizations so nearly of the same mind that separate existence will be impossible. There is, of cour.se, no room for two " centres" for brokers, and clearly it is desir¬ able io gather around the Real Estate Exchange, as the nucleus, all the important bodies concerned with realty. The new Real Estate Board of Brokers, we are glad to note, luomi.ses to play au important part in the futuio history of the profession. It is in the hands of men of high standing and wide exiierience who, we believe, have undertaken their new respon.sibilitics with ex¬ cellent intentions and in a liberal and progressive spirit. They think that " something" ought to be done for the brokers that nnu-h needs doing, and we understand that they issue to every¬ one concerned .an earnestandcordial invitation to come forward with advice and suggestions and .assist iu building up the new organization. An invitation of this character should be cordi¬ ally and frankly accepted. IVTHEN a leader of a labor union admits that strikes area T ' failure, as Charles W. Hoadley of the Electrical Workers di