New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-18
REAh hsrAqh IND BrIApIYG.

BETTER PRICES AND MORE ACTIVITY
ADVANCE IN THE COST or BUILDING MATERIALS
OPINIONS OF BUILDERS AND REAL ESTATE
AGENTS.
An investigation of the building going on in
NewYork has revealed the fact that revival has taken
place during the Summer months More business houses
and private dwellings Ia Of construction than
al time for number ~ years The greatest activity
Is noticed IN the uptown districts but tue improvement
Is general throughout the whole city and combined 10
any particular neighbOrhOOd Building lots nave al-
vanced IN price, and improved property has apprec.-
ated TO considerable extent. All kinds OF building
have advanced less a result OF the
increased demand. Manufacturers builders and others
connected VITA this interest In most cheerful spirit.
and are OF the opinion that the Improvement this
season. good as IL l.. Is only promise Of Still greater
activity next year.
One OF the striking proofs ~ the impetus build.
ing has received Is advance In the price OF
bricks. Tie yards nj udson where
large part Of the bricks supplying the NewYork mar
kct made. have been able to supply the demard
Although this j. partly due - the fact that fewer br Ks
been made this year than last. 1t il mainly due 10
the Increased activity building operations. The pres
price Of bricks from So 30 to 81 per 1000 adj
OF - % than 30 per cent per 1000 since
last
ellis Frederick one OF the leading hrick-makers at
Hlverstraw. being requested 10 explain the present
cond lion OF the market. replied " Tn" advance m the
ordinary production ~ the yards yve IN number. IS
OOO hut owing the oyerproducion last year.
which reduced the price below paying hgure, 10 was
agreed hy brckmakers to cut down this amount by one
third When It found the market active and more
bucks were demanded than could be suIplied,i
impOss bic to increase the production. The men who
Lad been discharged AT the beginning OF The season
non 20 this many ~ tie IN each yard nor VIII
ing work full time The great advance ~ their wages
from last year. from % month 10 so OF so montn'
without pOndug advance I'm the cost 81 living,
according their logic renders unnecessary 20 work
reach about 2OOOOO,OO0. Aud although the reduction
m the number OF bricks made mas influenced the price,
II j. mainly due 10 the increased demand In view oi
the generally improved condition OF the country and
pstus the building interests have received ar
ucpaio very busy season IN the Jat", h.A. ysar ~
Other prominent manufacturers ~ laycr-lra" cur
rObOratcd the statement made ny Mr. Frcdercks.
WHAT THE BUILDERS SAY.
Robert L. DarTgh. builder at No. 1889 Broadway,
regarding the increased activity ia building. said:
"Ihero has been a revival in building operations dur
ing the present season. This Improvement may be az
trbnIed 20 the growing confidence OF the people and
the impetus that all departments Of trade have re-
Gently received. II is not In my opinion, of spasmodc
character but most permanent Many OF those who
are putting up houses would have to WORK earlier
had they been that we were down to "A gold
bass The feeling is that need have no fear ~
"a shunkage OF values As consequence OF the revival
OF building operations ali kinds OF materials have adj
vanced price Siouc Is from 10 10 ID per cent hsher
last year; bricks have advanced most ana r'tc
high compared with last season; lime, cement ana mat
class OF materials about 10 per cent heaNy IRON wose
also about per cent Labor has advanced ~ least 70
per cent and taking the cost OF living into consideration
Se en- NEUTRALITY-SUSPICIOUS. 1910 From present IndicaiIlns
II reasonable TO expect great activity IN building
next scasOD."
john Banta. a mason. at No. 325 East Seventy
seyenthst. substantially repeated the statement made
by Dir Darrash. The advance in ell kinds OF material,
be SAID might however have tendency 10 cheek some
persons who had decided 10 build because II could 10
done al "A Vers small lie a-crDcd the present
tyiy building to the greater degree OF conhdcacc
the part OF the people Tue building interest ~as
Of that Of last DF NJ least 10 cent;
aud next year would from All appearance be very
rad comparatively than al time he lad ever
known, hcd-carricrs receiving II 20 a day.
the excess Of building that ~ last He re-
pled There are 90 per cent more houses ~ course of
erection than last year some OF these are Dming ~
Spectators but the most OF them are being pnt UP oy
THOUGH there has been some adyauce IN all sorts Il
building materials some Kinds vet remain below what
Ter 80 per less than IN 1860 yard timber such
as is used in the construction OF d.e.nSs - also less
very tavoraby with those Of 1850. Carpenters were
the same cost Of living - rs and 50 80 a day"
OPINIONS ABOUT REAL ESTATE.
Real estate OF all kinds has appreciated IN value. ,r.
scott OF firm OF SCOTT Myers, aac;Oneers VI real
estate. No. Pine-st, said;
THE activity in building has, matter OF course.
Influenced prices of real estate Unimpruved prop
erty especially has been affected. great many lots
that would bring nothing all last year selling
at fair prices In the district between Fourth and FITCH
ayes from Fftyninih TO Eighty there has
been an advance OF 80 80 per cent Houses
selling CHER at any time since 1873. There has
also great appreciation In property on tine West
SIDE but this ia largely due To the building % rapid
transit lines There is a tendency for all kinds OF real
to prove. and more active market IA pretty
generally expected by real estate dealers"
Francis KlsSam real estate broker, at No IL Pine 81,
was "A so asked give his views on the real estate
market. Mr. k.sam SAID:
The appreciation Of property since last year u due
TO greater confidence on the part or capitalists As
oug as there uncertainty IN regard 10 values
men " 10 had money afraid to invest u. Since 4
solid basis has reached through resumption. and
general condition If the country has become 50
mucn more healtbful, men who have had money M IN
yestments and securities bringing them very small
percentage have invested In property 20 get larger
return Real has always been favOrte invest
and promises the in the future. Capitalists
have already shown disposition 10 buy up improved
property. There many more houses being bought
by cash purchasers for bones this season than last
which can only vie we'd favorable sign OF
better CONDITION of thugs. Tuis Improvement IN real
estate has been gradual and consequently i of "A
permanent character. The advance IN the prices OF
lots is greater than that In improved property, nau
rally enough Lott Flftynrsi-st. between fifth aud
sxih-aYe> for example went begging hot long ago for
purchasers at II 5000 to-day they command easily
from $500 10 ~20,oOD.
Rentals have not improved much. bat they nata-
rally are to advance than real estate. They are
also made lax bg the great number OF houses that
have thrown upon the market through the Tore
closure OF MORTGAGE