^8
 

The   Record   and   Guide.
 

January 8, 1887
 

somewhat less, but the figures we give are very near the actual
outlays. The following table of conveyances and mortgages tell
their own story, and a perusal of them will prove very interest¬
ing to owners of and dealers in real estate :
 

1386.                  Conveys.

January.......I,i33

February......      935

March.......... 1,297

April ........... 1,764

May...........1,311

.Tune............ 1,344

July ........... 1,099

August ........     712

September .....    8'H

Get.-ber   .......    943.

November...... 1,145

December...... 1,1S2

Total...... 13,509
 

COirVErANCES.

Amount.           Nom. 23d & 24th W.
 

1885.
January.
February
March...

April.....

May
 

938

7?7

93S

1.3S3

1,U8

June..........    1,014
 

July .......

August ... ,
September

Octobsr___

November..
December.
 

917
600
593
956
1,030
1,189
 

Total......11,413
 

1884.
January...
February...

March.......

April .......

May.........

Juae........

July.........

August.....

Suptember..
October. ...
November..
December...
 

Total...
 

18S6.
January..
Febraary,

March.....

April .....

May ......

Juae......

July ......

August—
S-iptembsr
October...
November
Dscemoer
 

941

692

..    1,134

.    1,537

..    1,48)

i.uro

. 1.051
7i9
675
934
915
904

.. 12,263
 

*$34,23r,I17
,^ 18.078,313
26,(^21.993
28.899,4! 3
21.299,158
21.006,9ii9
17 9 '9.751
11,49 .,678
12,3a7,.540
15,781.499
I'J,805,633
23,349,547

$213,981,539

$13,158 882
11,631.415
15.278,(.'3.T
24,797,293
18,581.271
20.55'.J,9^;3
13,387,M44
8,464,305
7,850,2'?2
15,«31,234
16,431.406
18,8'.n,8l8

$184,837,797
 

$14,3^2.7-^2
18,309.093
16,3.-9,639
25,1.65,373
23,97',389
17,400,383
11.937,949
0.576,398
7,783,043
11,395,733
13,72i,171
13,284,533

$182,041,304
 

253

169
346
218
179
218
2.)4
118
169
181
191
2,')9

2,404

26)
246
23a
193
231
212
182
138
133
173
205
 

2,514
 

148
257
270
296
3i5
274
296
210
190
290
241
251

3,061
 

143
115
135
190
167
206
197
129
144
191
2S3
218
 

Amount.

$537,655
509 4n3

1,178,839
612,9^3
539.478
533,.530
583,438
383.352
558,051
769,881
809,169
895,537
 

2,1^0          $7,911,185
 

116
88
97
126
110
167
162
110
lz2
171
183
168
 

5178.508
236,354
3<.'4,155
452 876
374.926
603,934
447.893
247,63a
241,8(4
832,9.30
480.0 3
403,835
 

1,635   $4,787,818
 

126
128
134
165
165
113
24 ^
116
154
169
179
143
 

$354,031
38'.M46
325,373
275,u84
418,213
434,686
49',762
273,707
384,649
541,331
287,204
226,887
 

1,840   $4,382,975
 

Nom.
25
21
29
35
24
29
17
18
27
33
40
42

340

34
33
28
25
20
24
34
31
26
34
3:i
43

379
 

24
3J
36
62
37
23
41
13
27
40
28
85

404
 

MORTGAGES.
 

No.

Morts.   Amount.

953  i$ 18,803,438

810       8,3d8,l99

11,749,043

14,946,033

14.168.861

13,2S7,179

13,155,835

8.535,144

8,398,683

11.601,613

12,505,859

15,388,131
 

No. at
No. at                   less than

5 p. c.   Amount. 5 p. c.
 

1.03 J
1,418
1,383
1,092
1,073
813
817
 

1,151
1,333
 

453

•385

553

72 r

634
515

613
370
317
508
515
618
 

$5,445,439
4,244.134
5.963,305
7,967,831
7,158.388
6.(!06,757
4,9.51.911
4,096.137
3.653,860
5,333,364
5,731,247
C.533,032
 

47
49
93
147
135
97
111
90
71
97
106
146
 

Amount.
$896,250
980,010
2,103.550
2,9.3,050
2.1-51,150
1,977,457
2,253,550
1205,7,50
l,7-<:6,847
1,557,5,50
2,024,799
2,786,933
 

Banks,
T.&

I. Cos,
141
98
123
173
197
168
245
146
155
223
235
256
 

Amount.

$2,.501,400
3.030,0011
2,9.39,050
2,981,3j0
2 836,96u
2,737,100
4,693,7.39
2,767,050
3,181,07.
3,877,027
3,721,975
5,471,2.50
 

Total...

1885.
,Tauuary..
February.
March ...

April......

May.......

June......      904

Julr......

August...
Sep ember
October .
November
December
 

12,588 $144,785,393 6,295  $67,063,334  1,188  $i2,565,916  2,165  $39,737,036
 

927
657
 

1,069
958
 

595
693

963
1,037
 

$7,924,718
7,047,933
8,183,993

12,214,907
9,394,744

10,863,333
8,358.366
5,774 339
6,915.131
9,918,395
9,933.835

13,811.238
 

445

285
333
527
464
407
414
296
316
433
410
416
 

$4,051,538
2,939.874
2,7^4,433
5,865,774
4.637,830
5,186,102
4,327,342
2,617,243
8,03,i,440
4,515,545
4.911,504
5,559,H35
 

31
17
29
37
27
19
31
27
29
54
81
91
 

407,6i7

805,800

1,001.600

703,200

336,637

816.750

542 997

553.550

1,276,333

1,661,000

2,348,610
 

129

75
117
159
163
130
105
93
79
183
179
156
 

$1,792,550
1,473,100
2,517,975
3,104,900
2,847,600
2,83t,425
1 643.750
1,436.700
1,645,3 0
3,10 ,500
3,555,150
4,738,300
 

Total... 10,43J $110,270,937 4,745  $50,370,415      473  $10,841,444 1,561 $30,677,250
 

1834.
January..
February.

March-----

April.....

May......

June......

July.....

August...

September

Oerober..

November

December.
 

705

911

1,1.59

1,137

827

1,074

639

600

740

789

76Q
 

$9,700,463

7,414,05 i

13,180,145

11,463,411

15,698,734

9,024,233

10,931,3.58

6,90'1.535

6.781,684

7,788.785

9,733,197

9,833,499
 

333

250

339

435

491

3-33

503

251

273

277

319

3J7
 

$3,403,204
3,198,3-58
3,488,180
5,130,088
6,411.685
3,8.55,954
5.031,.598
3.1-55,371
2,6 4,444
3967.233
3,538,3 5
3,330,015
 

151
129
233
177
201
135
1B3
111
106
128
164
163
 

$3,751,100
2.810,768
4,678,150
3,562,800
6,.5.39,350
2,833,40=!
3,047,015
2,280.2^0
2,28o:500
2,548,570
4,527,700
5,336,386
 

Total... 10,240 $118,519,976 4,139  $47,004,164
 

1,850 $42,595,991
 

♦ Includes transfer of N. Y. & Brooklyn Ferry Co. for $3,000,000.
$ Includes mort. of same for $l,000,o00.

The following is a table of the conveyances for the past fourteen

years :

""   "'                                                Av'ge price

per Oon
$ :0.348 87
18,445 7>
1^601 95
13,601 85
11,.566 49
10,6.35 12
9.5S9 97
11,646 45
12,692 18
17.119 2
16,596 09
15,554 31
19.341 10
20,7o6 10

But the above does not include the Twenty-third and:Twenty-
fourth Wards; iu oth°r words, the amnexed district beyond the
Harlem,    Iu ISSJ, 1883, 183i and 1835, compared with  1886, the
coiveyaaces for the whole city were as^ follows :
Y ar.

13-!;..................................

l-f<3    .................-.................

I 81..................................

l-«5    ..............................

1836...................................
 

Year.

1873   .

1874   .

1376 ..
1877..
1878...
1879...
18S0..
18S1..
18.^3.,,
18«3 .
18-I4 ,
1885 ..
1886...
 

No. of
 


 

Cons.
 

Consideration
 

7,175
 

$145,2^5,753
 

6,191
 

114 197.609
 

6,347
 

99." 5,-563
 

6.384
 

86,73i.3ii5.
 

6,179
 

71,469 2S5
 

6.009
 

64,1 9187
 

8,969
 

■   85.563,913
 

9 588
 

111,66B,638
 

11,6;3
 

148.319,490
 

8,908
 

166,875,(199
 

9.2,54
 

160.190.467
 

10.423
 

177,661.339
 

9,787
 

180,049 949
 

11,449
 

236,070,354
 

Cjnveyi'nces.
 

Consideration
 

9 9r5
 

$r0 7fi4.'63
 

lii.»-,2)
 

164,r>34.'ii5j
 

13.2'i3
 

l>l3.i^4 3''
 

11.4 3
 

184.83 ,797
 

13,569
 

243,981.5i9
 

this city than in any previous year in the history of this munici¬
pality. So far as the deeds go it shows an outlay last year of
nearly $337,000,000. It must bsremembered that in addition to these
figures nearly 2,500 transfers were made for which no considera¬
tion appears in the deeds. If the figures were given it would show
a nauch larger total, but to offset this again the consideration is
overstated in very many of the deeds placed on file.

Another fact is worth noting. The Average amount'of each con¬
veyance last year was nearly |21,000. This is the highest average
since 1873. In 1879 the average was only about $9,500. This shows
that the averago cost, or at least selling price, of New York realty
is as high as it was in the paper money times of 1873, Or to put it
still plainer, as New York grows the average value of its houses
becomes greater, due not merely to an advance in speculation favor,
but to greater intrinsic value. As we rebuild we improve. Our
new houses are better and costlier than our old ones. The follow¬
ing are the Kings County record of conveyances, mortgages and
buildings which tell their own story. It will be noticed that the
ratio of increase is greater in New York than in Brooklyn:
 

KINGS COUNTY CONVEYANCES.

1886.                                                                 Number,

January................................        1,132

Februai-y...............................           9i3

March.....,............................        1,273

April....................................        1,750

May.....................................        1,241

June...................................           893

July...................................        1,115

August..............................          723

September........ ...................           879

October...............................        1.158

November___........................        1,226

Decembar .............................        1.011

Total..............................      l-3,.302

May to December, inclusive............       8,345

1885.

May....................................        1,179

June....................................           933

July....................................        1,027

August.................................          637

September..............................           887

October..............................        1,085

November..........  .................        1.033

December............................           974

Total...............................       7,724
 

Amt involved.
$4,876 701
4,2-9,9.0
5,4.58.948
9,182.943
5,895,732
3,873,174
5,-.40,507
2.741,906
3,072,815
5,213,117
4,670,-399
4,380,949
 

$.58 765,-31
$34,9^6,599

$4,742,748
3,403,261
4,035,505
2,7.50.491
3,804,143
4,242,144
4,219.358
4,159,944

$31,356,593
 

1886.                               Number.

January .............         814

February............          636

March................         '192

April................      1,169

May..................       1,003

June ................         797

July.................         938

August.............         627

September.........         734

October..............          974

November...........         943

December..........         866

Total............     10,273

May to Dec, inclus..       6,8;2
1885.

May.................         894

June..................         712

July..................         879

August...............         491

September..........         676

October .............         873

November............         803

December............         763

Total.............       6,090
 

MORTGAGES.

Amount
involved.
$3,110,112
3,353,947
2,964,534
4,064,3.80
4,374,189
3,200,809
3,064,963
2,743,314
2,63:),875
3,rr.i3.602
3.330,496
3,132,359
 

$38,483,589
$36,089,666

$3,419,508
3,193,861
3,225,898
2,186,037
2,184,771
3,200,711
2,445,456
2,759.533

$32,630,775
 

Number at 5
per cent, or less.
3^3
^79
431
636
516
380
541
336
373
497
531
435

5,278
3,599

8.55
302
424
204
283
406
365
353

2,693
 

KINGS COUNTY PROJECTED BUILDINGS.
 

The comparative tables given above are very significant.   It will
be seen that more money was spent in 1886 in buying property in
 


 

Total
 


 

No.
 


 

h'gs.
 

Jan.
 

183
 

Feb.
 

206
 

Mar.
 

874
 

Apr.
 

470
 

Way
 

429
 

June
 

36S
 

July
 

274
 

Aug,
 

376
 

Sept. 319
Oct.  301
 

Nov.
Dec.
 

365
302
 

-1865—

No. of

brick

h'gs.

90

78

230

304

215

187

M9

208

170
. 150

141

144
 

No. of

frame

h'gs.

93

128

144

166

214

181

125

168

149

151

234

158
 

Total

No.
h'gs.
266
228
424
411
250
299
288
415
401
483
295
236
 

-1886---

No. of

brick

h'gs.

106

113

278

289

142

160

194

193

149

194

113

79
 

No. of
frame
h'gs.

160

115

146

123

107

139
94

223

252

288

183

157
 

1885.

Cost.
$784,710

998 968
1,966.962
2,547.846
2,213,043
2,055,493
1,633,288
1.745,430
i;509,.540
1,418.667
1,613,650
1,183,675
 

No. nom.
272
184
2ti0
279
219
196
192
110
163
214
206
207

2,493

1,478

268
228
177
146
187
257
203
249

1,715
 

Amount
invc'lved.

$ ,767,475
1.350,906
1,783,973
2,695,745
2,638,585
1,866.093
1,898,830
1,421,825
1,748,083
2,198,310
1,660,684
1,935,477

$ 3,164,8£6
$15,567,787

$1,445,102
1,834,998
1,706,741
943,300
1,273,565
1,775.839
1 234,019
1,831,2£7

$13,033,791
 

1886,

Cost,
$1,105,310

844,685
2,274,480
2,395,216
1,312,196
1,395.530
1.666,647
1,953.5^5
2,173,983
1,783,120
1,447,055

863,638
 

Total 3,957       2,066     1,931        3,995        8,000     1,985       $19,770,263      $19,814,435
 

About Cumulative Voting.

Editor Record and Guide:

. In your issue of the ISth inst. reference is made ""n the editorial
column to " cumulative voting" at the Real Estate Exchaage, which you
state accomplishes at least four very creditable ends in corporation; govern¬
ment. Will you kindly let me hear from you at your convenience, and let
me know what this " cumulative voting " is and how brought about ?

Ebkn Peek, corner Tvrenty-fourth street and Eleventh avenue.
The Real Estate Exchange and Auction Room (Limited) was
organized under the general law of 1875, authorizing the formation
of limited companies. To insure the rights of minorities stock¬
holders organized under this enactment could vote their shares for
dirtiesors on a general ticket, or they could " cumulate" their votes
upon one or several directors. Take the case of the Real Estate
Exchange, for instance. No stockholder can own more or less
than ten shares of stock ; consequently he can poll ten shares for
each of the thirteen difectors, or he can vote 130 shares for one
director.   If he fancies two directors, he can divide his 130 votes
 

" "^^54?. '^^ ^-^-^ >^ -'^