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Real estate record and builders' guide: v. 53, no. 1369: June 9, 1894

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Jnne 9, 1894 Record and Guid e. f>2l ESTABUSHED-^ JWPH Zm^ 1868. DEV&TED to FlElkL EsTOE. BuiLDIf/o A,RCrflTECTUI\E .HoUSEllOU) DEQCS^ATION, BJshIess Ali) Themes 0FGEffei\iL Ir/itF^Esi. PRICE, PER YEAR IN ADVANCE, SIX DOLLARS. Published ecery Saturdfty. Telepbonb.......Cortlandt 1370 Cflmmnnlcatlons should be addressed to C. "VV. SWEET, 14-16 "Vesey Street. J. 1. LINDSEY. Business Manager. Brooklyn Office, 276-282 Washiitgton Street,' Opp. Post Obtice. "Entered at Ihe Post-offiee at New Ttn-k. N. T., as sectmd-class matter." Vol. liii. JUNE 9, 1894. No. 1,S69 For additional Brooklyn matter, aee Brooklyn Department immediately foUowing .Yew .Jersey records {page 951.. THE ni.inipulatiou of the Iiuliistrials aud of Chicago Gas give to the stock market any appearance of activity it possesses. If the general list, is strong, though liiill, it is due more to an indisposition to sell on tlie part of holders than to any a])parent buying demaud. The inovemeiit in the Indust.i'ials is perhiips justified b.y the derlared attitude of the Senate on the Tariff Bill, though exceptions might ver.y well be made. For instance, it is hard to imagine Cordage Connnon as worth 20, -while the C per ceut bonds sell at only 8.'"i, witli two classes of, preferred stock between them. Chicago (las's advance was accoiup.anied by a good mauy rumors, the best of which was that the Illinois Attor¬ ney General does uot get siilHcient encouragement from the bus¬ iness community to induce him to press his suit ag.ainst tlie com¬ pany very hard. The railroad list should soon be heljied by the fact that the time is drawing near when eiiruiugs will com¬ pare with returns reflecting the early declines of the past year .ind not the big busiuess of tlie first htilf of 1803, and there¬ fore the comparison will be more favorable to current tigures. The coal strike, the inexhaustible mouthiness of the .Senate and gold exports continue to hold back general business, but the.y will end some time, probably soou now, and as bad news seems to have lost its influence on the markets the prospect of a rise on the first fair occasion is go;)d. FOREIGN security markets have been more or less affected by the ministerial changes in France and in Hungary, but have taken the Servian coup d'etat with indifference, a fact that shows how little business is doing and ho^v almost wholl.y speculative the business that is being doue is. Austrian railway returns for 18915 are very favorable. The Ostade miners' strike collapsed entirely ; the men returned to work without one of their d.'mands having been granted. The issue of the $30,- 000,000 Indian loan is said to indicate another change in the Indian govemment's vacillating finaucial policy. The sin of vacillation is rather hard to prove. Iu the imminence of sus¬ pension of silver purchases here, the Indian government closed its mints to the free coinage of silver and has kept them closed ever since. It did try to fix a minimum value to the rupee by refusing to sell council bills at less than a fixed price, but find¬ ing the inarket would not take its bills at its valu.atiou, promptly and -wisely jnelded and has accepted the market price ever .since. The failure of income to provide for all expenditures which necessitates the issue of the new loan may uot be wholly due to the government's silver policy, but also to trtide depression similar to that wliich on this side is creating a deficiency for the fiscal year of between seventy and eighty millions of dolliirs. Italian securities have advanced on the expectiition that the Itiiliiin government will relieve itself of some of its difficulties by disposing of the alcohol monopoly to an English syndicate. But the resignation of the Crispi ministry makes the early rehabilitation of the country's finances very doubtful. Oflici.al statistics show that the production of raw sug.ar in Ger¬ many increased 12.8 per cent in the half year closed April 1 liist. The failures in the Argentines and other unfavorable financial conditions there have not doue as much harm to their securities for the same reason that our own withstand bad news, viz., there is little or no inflation in current quotations. — • — THE most serious feature of the existing labor troubles is the latitude iillowed to those of the meu who have assumed au open attitude of defiance and viol.atiou of the law. The indul¬ gence that has beeu accorded to these men with arms iu their hands and therefore in open revolt against legalized authority does uot stop short of tacit encouragement. These iusurgeuts are described as mostly foreigners, the niiijority of whom do not use the Euglish tongue, at auy rate in coiuinunicating with each other, and who are thus being allowed to assume that they have a w.ai-rant for their lawlessness, which was never intended under either Federal or .State enactments. There was never a time before when such acts as have been perpi'tr.nted in Colorado, Illinois and Indiana lately have beeu carried to such lengths because 'hitherto the haud of the law has