August 31,1896
Record and Guide.
273
11\
\^^ \ established'^ (WpHSW^ 1868.
Dp^jteD to RfA.LEsTUE.BuiLoif/c Af^crfiTECTURjE >(ouseUou> DBJtUfmi,
BusiriESs Alto Themes of GeSeriI iKtra^l,
PRICE, PER YEAR IN ADVANCE, SIX DOLLARS.
Fublished every Saturday.
Telephone.......Costlandt 1370
CoamouloatlonB should be addressed U)
C. W. SVt'EET, 14-16 Veaey Street.
J. 1. LINDSEY. Business Manager.
Brooklyn Office, 276-282 Washington Strbbt,
Opp. Post Offiob.
"Entered at the Post-office at New York, If. Y., as second-dass matter."
al)Ie at all the governineiit and bank offices m the Empire. In
other tlircetioiis proffiess is also being uiatlc. Eyeii in the
Argcntiiia, it is said, it only requires the settlement of the
bouudary disimte with Chili to enable the recovery of Imsitiess
to be more rapid aud thoroiigb.
¥
Vol. LVI.
AUGUST 31, 1895.
No. 1,433
NOTWITHSTANDING that the demaud for exchange has
again compelled large shipments of gold, stock market
prices have had very sfroug aud general busiuess coutinues to
improve all along the line. This latter improvement, however,
has not yet gone so far as to make the demands for mouey at all
compare with the fuuds seeking employment. This is oue of
the reasons why prices of securities advance under conditions
that would assuredly produce a contrary effect in times of great
commercial activity. As it is, all^^e.money that is wanted
for general business is readily supplied, while leaving
large amounts which cannot command an" ri^tnrn except
in investment secui^" ' "'^'•'"- '^"ze, 16x75 each. Cost, $10-
â– 1««^ /raiiT*;.: .5 ^^^^^
plans beiug drawn; uo contracts let; see
2 strefil. u 9. 400 e 14tb
'â– creai^'i^Yock'^**m^n^?'-''^^''"^'"«'»*^P*'^''-^'"yo"^ valuable paper:
I large jmb.-_pf seijCL-.TJit. VeruoTj.O'iier) ha"^ f y v.'t. ..b"c. dim v^n
ec, &-C, "" ~ ~ ,
MAYOR, STRONG has agaiu before him a resolution of the
Board of Alderraeu giving the Third AyemieRailway Com¬
pany a monopoly of the street railroads in the upper West Side
district. Thi,s resolution is framed to meet the objections made
by the Mayor to its predecessor, but it is only in a perfunctory
aud technical way, aud uo more than tho previous one does it
give the territory affected a fair show iu the matter of its trav¬
eling requirements. It is to be hoped, therefore, that Mayor
Stroug will be able to go a little farther than he has yet done
and refuse to give his sanction to auy proposition that does not
provide adequately for those requiremeuts. The vote by which
this last resolution was passed iu the Board of Aldermen iudi-
(;ates that, if he disapproves it, it will be passed over his veto,
but his disapproval would be a great assistance to the property-
owners and residents in auy further i)roceediags they may take
to secure to themselves the kind of service that is necessary to
the legitimate development of the large aud important territory
lying between 125th stieet and Kingsbridge. The people on the
East Side below 125th street have already direct communication
witb this territory, aud it is only fair that those on the AVestSide
below 125th street should have equally direct connection with
it. This being the ca.se, and tbe Irishes of the property-owu ers
aud residents of the upper West Side being so overwhelmingly
m favor of the coutiuuation of the present West Side cable
lines up to Kiupsbridge, the action of the Board of Aldermen
â– ^oii^.,jVv,.,'Jr...-Mi any grounds of pure argument. What trcat-
architecta, Carere & Haoti-sn may expect should the Third Ave-
1413.-Two-story aud ativ. tbeir endeavors to obtain a
R.
5 .-1U \-,T*W^'*^° Tidge.—One two-story aud attiti f.'-
â– creaLH'^s \y to Frank .^^^„„^^^^^-p.^^^, .,,„„«„',. V„V.V..i.i^
Pliiliii Brai;
>"lr Hoi-);-
W Losee. Lots 5
Siif.^
Eetnt-eu, .Toliu A to ljUij,.^.*ix
! Orabl^'. Condi*-lr.n—jilfi'-jsie
-. MaspeiO. ' A>i
*"f osee. Frank E to Clias
6.*ind 50 block T aud lot -iO hlock S,
â– ' man. /" ,' l
' Levisnn. Elizabeth R to Citv nf HronkL i,
' Plot aoj h) R Levisou aud City of Bro'^k-
lyn, Jamaica. SOO
i Lyou,.Iolni to Wm D Carter. Reed av, u e
1 cor Woods av, Rockville Centre. 1,500
Mackintosb, James to Win Hyde. Lots 1-
4, 6-8 and 11-17 uiap Linrencevillc. ;{00
Manuheimer, Js.iac to Damiau Hubn. 9tb , ., , . . ,â–
av, e a. 375 a Rroadwav. J>1' tv ^--tish railroad aud banking
^Mantel, .leanjy-to Jiise-iliiJe half of the year it is found that both
^« '= Q., been unsatisfactory. The results on the railroads were the
s§ii!s.j for auy similar period since 1886, aud the banks with
i» â– >.»,ndvknown by^the policy
j^ with him to say to B hia eommission on tbe lots Wi/* Amsterdam
^/ u !• .>bu(-. iiuii vitLii ij &ijauiou to
'^ Waguer. Q C. Aug 8.
lev Strca"„;i^ :^^eek ' ' <:ot"P^"y' P''
.„ o«j ..u ,^ u.o ^„....,o..=,:,ii,u «u ..uv. .„.,o „,Ai amsieraam
robably, would serve its own pecuniary interests-- â– â–
L^.at :,-".x''A"l,';i:" Cen- I d. the same opportunities. The ouly thing
----- Neumau, l&,^."k-^ laVquate service is compelitiou, and this can
'«„ r^
tral av. s s, adj laud
Roe'!lL'r'"t?Kduiuud Schlssel. Kane av."'<''"'ittiiig the Metropolitan Traction Company
s. adj land T F Jones, 50x100, Rocki>i,erritoiy. Other stroug arguments in favor of this
Heach,
Russell. Helen R t^ i5f
w s, 200 sP'-"-'
See-"-
!^»^te"'ged resources have earned less than they did iu the same
'i° ^i, ^\^^^ year.
' ePoT^'^hc railroads have doue much better, especially iu pas-
Since the opening of the .second half year, how-
^^. J?S cbusiness; this it is hoped, ami no doubt with j>:ood reason,
pj-*^J"~Tisage of improvement in trade generally. Money is too
^•a'o"t-i(^/i'l aud rates couseqtieutiy too low for the banks to benefit
^i a§,ishiinse at once, but as increased trade moans a propor-
On
a.-$j
Mil
'.'.I
ft'"_<_i^^iy increased demaud for money the banks will in due
:' - .Sg ^>mo in for a share of the national prosperity. The demand
ij, _ ~f,.'''jvernnient bonds has ceased to be sufficieut to advance
*'" f«,j, aud that is a good sigu because it indicates that capital is
ng some of the timidity that has characterized it for .so loug
id venturing out for samething more tbau the meagre
i-eturus that these bonds give. Ifc may be concluded that quota¬
tions of securities of the highest class have reached their
maximum for the time being and that recessions rather thau
advances will be in order as expanding commerce demands the
use of money aud credits. The issues of the Spanish govern¬
ment are attracting the attention of the speculator and fiuctu-
atiog ou the news from Cuba. In conuectiou with our remarks
last week ou South African speculation it is interesting to note
that the increase for fifteen mouths iu market valuations of
three classes of opeialions, the Witwatersrand gold mines, the
De Beers diauMuid mines aud the South African Company
amounts to a total of over !t?400,000,00(>. The foreign trade
returns of Fiance maintain their encouraging features; iu July
uot only were the totals of both imports aud exports larger, but
the latter makes the be.st showing of the two. In (Jcrmany,
while bourse operations are not all that could be wished for, the
demaud for textiles on the part of the United States aud of iron
from Russia keeji the advices from the Emiiire from being
gloomy in tone. The break iu (certain railway shares ou the
Viennabour.se, owing to the refusal of the government to con¬
summate a deal that had been arranged for its acquisition of au
extensive system of railroads, has giveu a setback to the market.
The dual-governmeut is proceeding vapidly with the reform of
the currency. The Imperial Bank of Russia, aa a further step
to the adoption of a gold standard by its government, uow
issues certificates for gold bullion or foreign gold coins, subse¬
quently redeemable iu Russian gold coins and meantime receiv-
o-.H-_- ...ave been gone over before aud do not ueed repetition
here. No arraugement Ihat does not provide a continuous serv¬
ice on the West Side from one end of the island to the other cau
be satisfactory to any but a very small minority of the property'
owaers and residents, becau.<!e it will have a tendeucy to lower
Ihe character of the improvements that will follow. It is not
only the people of this section tbat will sutler but the city as a
whole, in that the consequent loss iu taxable values willbe of
such magnitude that the bribe oftered to the city treasury by
the Third Aveuue Railway Compauy, in (he shape of apaymeut
of .$250,000 for the franchise, will be nothing io comparisou.
The right and .justice involved in this matter so follo\y the
wishes of the people who have opposed the granting of this
franchise to the Third Avenue Railway Company that it will be
surprising if the means still at their command, eveu should the
resolution of the Board of Aldermen be approved, do not enable
them to be ultimately victorious.
The New Tenement House Law,
A portion of tbe uew Teuemeut House Law, relating to bakeries,
feed stores, openings into halls from bakeries, liquor storcg. drug
atores, paiut and oil stores, goes into effect to-morrow. The wording
of the portion of the law affecting these, matters is as follows:
No bakery or place of luisiness in wliicli fat is boiled sliall be niaiutaiued
iu any tenement-bouse wbicli is not lire-proof, or wberctbe ceiling and side
walls of place where said fat Vioiliug ie doue are made safe by lire-proof
material around the same, except liy permit of and uuder sucli oonditious
as may be prescribed by the Fire DcpHrtmeut.
No part of any teneiucnt-liouscsliallbe used for the storage of feed, hay or
straw, except by permit of and under such conditions aa maybe prescriiied
by the Fire Depiirtment.
All transoms, windows, doors and otber upeuiuffs leading into hulls or into
rooms openiui,' into balls from batteries or places of business in which tat is
boiled iu tbo basement'^, cellars, or on the tirst lioors of all teu em cut-houses
iu theCity of NewYork, shall be polidly closed with the same material asthe
walla or partitiona in which the opoulncs e.sist. so that there shall be uo
opening between said biikorlos or other places ot business of said lloor in
whicn fat is boiled aud tlic other pacts of the touomcut-houao iu which the
same sluill be situated.
AU transoms aud windows openiuy into halls from any portiou of said
lloor of any tcuemeul-lioiisc where paint, oil, siiirituous liipiors or drugs
arostorcdor kept for the tmrposc of .^ule, or otherwise, shall he removed
and closed np as solidly as tlio reat of the wall;
And all doors lending into auy such hall or room from such portiou of said
floor of aaid tonemcnt-lioiiHc used as aforesaid, shall bu made fire-proof.
The importance of complying with these rcqiiiremeuta will be
evident to owners ot all buildings occupied by three or more faniUieB
wben it is remembered that auy failure to comply with the pro¬
visions of the Tonenieut-HouHe Law makes the owner guilty of a
misdcineauor. punisbaMe by line or iniprisonineut or both, iu the
discretion oi tbo Court.
I