Morning journal and courier., 1886-12-04
CONDITION OF BUSINESS

Iu the Building Line-The Best Since
 Eighteen Hundred and Seventy-TWO
 Recent Improvements-Over one
 Million and a Quarter Spent in New
 Buildings This Year.
 To show the many interested in the condi- tion of the building business in New Haven and that it is on the increase instead of the decrease, as some have thought, the follow ing is given: Thus far during the year 1886 there have been recorded 773 warranty deeds, which represents as nearly as possible the actual sales, an average of sixteen and half a week. In 1885 there were 841 warranty deeds recorded, a weekly average of about sixteen and one-sixth. In 1884 there were recorded 795 warranty deeds, an average of fifteen and a half week. In 1888 were re- corded 726 warranty deeds, weekly average of fourteen. For the weeks ending July 24 and October 9 of this year more war ranty deeds were placed on record than in any two weeks in several years. The business has fallen off a little of late, but the average is we'll kept up. The city is un- doubtedly growing rapidly and there is al ways 8 demand for attractive and convenient rents at reasonable prices. As a rule the ten ants remaining unoccupied are not those newly built, but are for the most part old buildings for which the owpsrs would rather accept a smaller rent than make them as de- sirable as modern built houses. During this year, up to November 20, three hundred and eighty buildings had been erected or contracted for. These aggregate in. cost over $1,250, 900. This amount is more than the cost of all the buildings erected in 1885, and will by the end of the year be increased to exceed the capital invested in erecting..new buildings in hat nio xxri11 fr hn O better year for building interests than any since 1879. The building this year has also been of good class. There have not been so many tenements erected as last year when the market was almost overstocked, but more stores have been built and nearly all of them are well rented. New manufacturing business has been mostly confined to local enterprises, and the fact that so many fac tories are increasing their facilities would indicate that business is good with them. The greatest increase in new buildings in single streets has been in Orange been erected in the former and sixteen in the latter, and as about every building on Orange street is occupied by it's owner there is no danger of too rapid a growth there. The rest of the new buildings have been pretty we'll distributed around the city, with no boom iE any particular locality. Among the recent improvements on State street is that of the Stonington Savings bank company of Stonington, Conn.,, who have begun opera tions on an improvement in their buildings 466, 46S, 40 State street. The building at No. 466 has been torn down and the front will be taken out of Nos. 468 and 47O, which will be raised one story. A five story build ing will be erected at No. 466 and a new front put in the whole, making five story building 37 feet front by 10S feet deep. The new front will be of pressed brick trimmed with Ohio stone. There will be two stores on the ground floor with plate glass front, and one side of the upper floors will be used for hotel purposes.