The daily morning journal and courier., 1906-03-29

-aAN ALI -hLNO " v hO4-AAAb9 pleased to report that much stronger light has recently been substituted, and 1t will be of great value to navigators, as the former one was so faint that it could not be safely found in bad weather, when it was most needed.
 The committee hope that all the members of the Chamber will bear in mind the. great importance of improv- ing our navigation facilities and lend their influence and aid whenever oppor- tunity offers.
 Respectfully submitted,
 HENRY c. ROWE, E. H. WEAVER,
 LUCIEN SANDERSON,
 H. STUART HOTCHKISS,
 GEORGE B. MARTIN,
 Committee on Harbor
 March 2S 1906.
 REPORT OF REAL ESTATE COM
 MITTEE.
 To John Currior Gallagher, Esq, Sec retary Chamber of Commerce.:
 In accordance with your request I submit the following report of the real estate committee for the year ending March 2S 1906.
 Not for years has the New Haven real estate market been so active as at present. For long time the business has been showing steady increase, but there is no suggestion of any di- minution in it's volume. On the contra ry, there is every indication that, when spring opens, and the renting season is at hand, it will be even greater than it is now. A comparison of the number of deeds filed for record at the town clerk office during the month of Feb ruary last shows large gain over the previous, years, with corresponding increase in the number of warranty deeds filed. The figures are:
 1905 1904 1903 1902 Total number of deeds, ATT 300 3O3 295 Warranty deeds ......,,..1OS A GA SS Total number for the years:
 1901 1902 1903 1904 1905
 TIC 037 9S5 1169 1497 being an increase of nearly 100 per cent. over 1901, period of five years.
 There is a good demand for improved residence property as well as for hous- es that can be remodeled and improved for residence purposes, and altogether the situation is very satisfactory one. The prediction made by me some time ago that money, which was at that time finding its way into mining in- vestments and the like, would sooner or later return to local real estate as an investment, seems to have been pretty nearly correct.
 This has been record-breakihg year in the building construction line in New Haven. Permits for over $2,- 000,OO worth of buildings to be com structed, or repairs to buildings already constructed, were issued by the fire marshal during this past year, This is an increase of $500,0 000 over last years building work done il. this city This estimate which was given by the fire marshal was a very conservative one and when the report comes out, all itemized and in detail the first of next week, it is expected that the total amount win exceed even these figures. Some of the new buildings are divided as follows:
 Public buildings, $42OooO; factories, $S0O0O0, residences, $230,OO0; university, s2S0,o00
 New Haven has now 490 manufactor- ies, the largest number of any city in the state, and an increase of 12.1 per cent, over 1900 Their combined capital is $31, 412, ,715, an increase of a little more than 12 per cent. There are 1,Sl9 sala- ried clerks, officials, etc, in these, as against 1,396 five years ago, Their sal aries aggregate $2026, SS5, an increase of over 40 per cent. The average number of wage eariers in that city is 21 49S, an increase of something more than Fl per cent. They receive $l1 ,20S,550 in wages The miscellaneous expenses of these businesses amount to $4,2SO,92S, an in crease of over SO per cent. above te figures of five years ago. The materl- als used cost SIS, ,521, 105, which Is 14,S per cent more than five years previous to 1905. The total value of the product of these New Haven factories amounts to $S9 666 ,11S, an increase of IS per cent in five years
 That proportion of the demand for real estate which may be traced to the investor Is larger than 1t has been for many, many years, There is also a most respectable proportion to be traced to the individual who may be designated as the consumer-who needs a house in which to live or building in which to conduct his business. THE GREATER REAL ESTATE
 MARKET
 Events of the present year have shown that the more substantial inves- tors are coming into better apprecla- ton of the true situation than they have hitherto possessed. They are looking for substantial business proper ties, properties that benefit now by the commercial activity of the city and are sure to reap additional benefit from the growth of such activity. Thsy feel that if they are successful In getting their hands on these parcels at figures that make the present investments sat- isfactory they are quite safe in trusting to the future to bring what it should. It is this new appreciation which is ,natinp tha rfal estate market some-