Jnly 13, 1895
Record and Guide.
37
\S^ W " eSTABLISHED"^'MrHPH2L«>IB68.
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Published every Saturday.
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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.
-----------â– -----------
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
•