The evening world. Newspaper, March 17, 1906, Page 4

Lend Boom in Long Gol? mining was never #0 >) sy ownership of New York land. ‘More than $00,000,000 was added to the wWalue of New York real estate during! the past year, The coming year prom- fses to run far ahead of those figure: tir prices aro rising over 4 greater area “and properties of highest value are qointng In the boom. ‘While gold mining has made a lucky few rich, it bas been a false flame for) the multitude, New York land, on the| contrary, has yielded profits to nearly) every one who has bought it with or- inary judgment. First one section and} ‘then arother of the metropolis has haa ts land boom. Prices have risen rapidity. | Berenice values have doubled in a % ‘ew York land seems to be changing) 1y but steadily into gold.” sald a) Wnlité goes up and up. I don't Know where it will end." | Fortunes made by all classes of spec-| Piative investors have attracted the at- tention of the world. Capital is pouring ito Greater Now York troth ail parts of this country and from many centres In World. Bven to veteran opera- “tors the influx of money for real estate Projects 1s bewildering. Boom Centres Cross East River. Just as last y if jlerossea the Harlem River into the ) Tiron on the north, this season's spec- wiative excitement has crossed the Bast Tiiver to tennisform Queens am ¢ Brooklyn. Yhe Bronx booms had been aroused by the successful completion and opera-| thon he rapid transit Subway. The} @Peculative public did not have enough In the Subway to buy land @round its suburban ends before they eaw it in running order. But when very one could see the new rapid tran- sit the public rushed In and land values) “¢ | Now tliat the public ‘has learned to! © i Went up by leaps ard bounds. 1 | Place confidence in rapid transit sub- Ways it accepts with eagernei Mdowine future which 1s foresnadoweo Dy the coming east and west tunnels. ; Smait investors are in the rignt frame | Of mind to discount imminent enhance- Higrents in land on Long Island. The} i ms are growing bigger every week, though every one Knows tnat the tu nels will not ali be finished before 19) Vista of Riches in Queens, Queens is in the first stages of a boom like that which swept over the | Bronx with the opening of the subway. j:The Queens movement Is more popular } than was the Bronx boom, because land in Quecns is still very cheap in comparison with Bronx land, and the Grea of activity is several times larger than was the Bronx zone of Subway gpeculation, Queens operators are dirsounting the Pennsylvania Railroad tune}, the Bel- Mont subway, the extension of the} present Mantiattan-Bronx subway, tho! Blackwell's Island bridge, and a multi- ttide of small troey projects which are intended as branches from those large traffic trunk lines, thus threading with repid transit the entire west end of Long Island and opening thousands of) acres of hitherto farm land or waste) @ jand. Five Years of Rising Prices. Both Long Island and New Jersey are fn line for continued advances In land values until the full scheme of east and west rapid transit subways shall have ‘Decr: realized. This means that there ‘Will be five year's, at least, of excited speculation in those sections, While it is true that values have been doubleq or the Long Isiand side dut- ihe the past few years, the rise started ih a very slow, substantial manner, and ft did not begin to show enthusiastic speculation until a few months ago. Im fact, the foundation was laid by an army of small but careful investors who bought land and built houses ghiefly for thelr own occupation, There ‘Was iltte or no speculation at the low priceg It may be said, even now, that speculation as it has been known in Manhattan and the Bronx has not gained full headway on Long Island. As for the New Jersey section of the bese and west transit zone, the home- bullding movement by small investors iat patie’ UL inden WAS, Abe even $58. elke nals ir operations by large pro- serine! Interests have not appeared to any great ex! Old Farms as Gold Mines. jas the centra ‘8 boom centres) the! “Hy jfavored a reaction caused prof Island hea Jersey Has Made Old Farms More Valuable Than Gold Mines. rofitable, pe Jast barrier which had kept purely | reskientinl Jang in Brooklyn and Queens trom selling on a price level as high as that of purely residential d other point within an eq’ Manhattan's business centres. Quick Profits on Transit Lines. Congidering the multitude of factors whith have contr: radius of | the loxicat location the Bronx boom, for a large rise in land values. It is ‘equally plain that Movement should wo considerably fur- ther and that the New Jersev of been discounted, With these fundamental fa investors who are placing | money In real e: the problem fr residential expansion point ine the main trunk lin and the prohaiic t hw ountiess opport fon of the Le ‘rough Corann Whiteston ston, Little nth ea, Tallis, Que prinefiekl, Roseda ion runs throueh qr those forte m . being In eck Contre of New Transit Web. Between Flushing, East River will | The Belmont ¢: | stteet. the Blac the extension Jamaica and the web. teaine: foam the Hartford FR: England w York, Ne will e bis n be formed by P Really id and McAdoo tunne The McAdoo tunne! North River at Cortlanc and at Morton street in ‘Man innding In Jersey City two miles apart. 7 two terminals will be connected subway which | will the stations of the cross the line tunnels will cross the river at the ‘Thirty-second street line, with a land- ing in Hoboke: To Make Homes for 20,000,000. ‘These outlines show that Jersey paisd the | HOME FOR MILLIONS IN RAPID TRANSIT ZONE 7 Renl entate m: more for- tunes for operators than gold utinen in the Wem Five handred million dollars added to the real-estate values in New York in @ year. Great boom being felt in Long Island and New Jersey Reeord- breaking year pre- dicted due to home-seekers tak- ing advantage of changed transit factities, Expenditure of $30,000,000 pinnned in Washington Heights sections by builders of apart- ™ ts, Great growing metropolitan district must find ontlet for constantly increasing popula- and Hoboken will be drawn within the | rapki transit connection with nhattan and that the zone of sub- lurbin yesidential enhancement, will jcaver aff the vast territory stich Is ned by those rafiroads, The new finds whieh will become available for resilential expansion {rom Manhattan a nly millions of families with | Fronr careful estimates by natiroad lofficers who will control the new east subway transit it 1s: shown - Teng Island side can furnish for 10,000,000 persons and the y side for 10,060,000 more, all might travel dajly to ‘and and west that ot whom in in the sime time taken Harlem man who is ness centre. nse fleld of ex- neeied can‘be Jearned from nds wh> are paying exorb!- In Muinhatfan and fearing month will bring notice of a her cost of housing. Manhattan Forees Exodus. > even the al observer the Man- fh market is supporting every clafm suburban promoter. It is Shaping “if into &@ plgantio backlom of aubure jopment. It is not waiting for seidential populition to leave fn may be torn to make wav for business struc- It is forcing them out by paying tinually higher orices for their land. ‘or flats has held at the high- because even tre record- breaking construction of flats during the past year has not gone beyond the de- of old houses by the expan- sion of business Small in ors have been the best buyers. Many 6f them are tradesmen along the avenues, und business m who are sharing in the general pros- |perity of the metropolis. ‘The damand large that operators are continues |buying whole rows of old dwellings in [northern districts and tearing them wn to make sites for big ftit--ouses { available va- nt lots in Manhattan are being taken out of the market by bullders, Indeed, the only section of the island where | Vacent land Is seen. in available quan tity is along Washington Heights and through the Dyckman tract at the ex- treme notth end Builders have started a great cam- Paign on the Heignts. They plan to Spend, $10,000,000 In flat-house construc | fon during the year. They siy will spend much’ more each yes patll the Helghts are covered with the best type of flat: WHEAT PRICES SAG ON PROFESSIONAL SELLING, Disappointing cables, Loger pel from Australia for the week, and a ge eral belief that speculative conditior sslonal selling in the early wheat market to- dav and prices were a shade easier, Corn trading was tmited. New York’s opening prices Wheat—September, 83 3-8. Chicago's opening (lt were: Wheat May, 781-8 to 781-4; September, 775-8 to {12 to 3-5 to 8 were: New” closing prices Wheat— aby 5-8; July, 841-2 September, bid. Corn—May, 9 bid; July, o bid; September, 03-8 of- fered: October §01-4 bid; “December, aatemben, a 433-4; July, 4 To-morrow's Sunday World will contain as an Art Supplement a fine reproduction of Charles Dana Gib- son’s celebrated “The Party Wall.” wet ees COTTON STEADY ON BUYING BY SHORTS Cotton started steady in the market to-day, influenced by better cables than expected and a good demand from room shorts. The big operators took Uvtle part in the trading and com- mission-house business was light. The opening prices were: March, 10.39 to 10.40; April, 10.40 tid; May, 10.57 to 4 The Bronx boom ended last year. The | 10.68: gountry 48 reating while prices hold close levels, Builders are improving the lots an manner ‘worthy of thelr new value, Satisiled with the succesa of their Bronx campaigns, the bie operators this year are buving tne laree old estates on Long Island within the aast and west transit zone. As the Long Island territory t) be opened in so iuch wider than that of the Bronx, the process of dividing hugs ortetnal tracts into parcels suitable for public Speculation is necessarily more exten- sive, It {a gathering new force every week, Farns out as as Creed-/ moor and Rosedale, w were almost Unsalable at ai acre twa venrs gO, are worth $200 to $2,500 an acre, Nearer the centre of the projects n rapid transit web, around Newtown, acreage which sld at $1.000 a venr of two ago is bringing $5.000 to $111,000, ven at Hopedale and Middle Vi dis changing bande freely at $3.00) £0 $5,000, Begins Like Bronx Boom. That these acreage fizures show the Start of a tremendous movement to discount the now rapid transit Is real- feed when thoy are aompared with alues during a corresponding red. Broux acreage has Parsed Unourh a similar evolution, front a few dollars an acre to the Ht fio, ana even 420iN0. whien te Md to-day for single lots in that por owe: Strongest in the comparison ts the fac that Brovt vo. kept pace with the successive stagow of rapid transit de- velopment until: bhe temporary culmina- thon onme with a wild boom after the completion of the Subway. Values in Queens and Brooklyn now ave Ktarted on a like course, ‘They had en kept down because there was no Teal rapki transit connection between t Formative Alway we Were changes of citrs or a trip on ferry. The flew subways, however | Aas ake Lovg iotead aie a {of Manhsttan ‘asda the Bronx to river Sy ee yy the com: non 10,24 to 10.35 uaey, Wes bid. aa, prices were: ta 4 46: April, 10.47 to 1 8): June, 10.65 to 1.72 Augu! ber, 1081 to {0 November, 10, to 10,27; Ja: en Splendid Gibson Drawing Free. To-morrow all readers of ti Y WORLD will receive as a special Art Supplement a septate tion of Charles I n¢ $1,000 dra REAL ESTATE. couuner At A free, clear warrant with a polley of T DELAY: you ond att a tye i wi whic ede oi iNew AB realty to In many Mmetances o the operators who ag fsiend boom thie $1,000 drawing, March, 10.43 | Ma} nou 0 Make 100 Per Cent f you buy lots now; there never waa @ time in th fiburtan Taal estate on Tome Toland will F lf ig an gamed fact. Remember, electricity will bring FRE My mniMtse of Brondway, New Tork, 2 You mat ak ones ton Gan purehane $89 $89 $89 $5. 00 DOWN; $2.00 MONTHLY write or call tosiay for booklet, maps ay mer Rpt ISLAND REALTY COMPANY ‘i CLOSING. QUOTATIONS | Today's highest, and. ner lowest, clos ces Shartes of ston trom eae 3 fina! quotations are Hy 10 nH ‘Amer. | Amer, Amer i ‘sri ee [+ +1441 /+ +141 a Cr Snes & 3 I; Southern, % bess ae Fed pf. ( 1468) % Den, e oR a cad 4 Dist. Seo, Cor ST i " te. 421, 42i, — 14 198, 10 5 24 31 a hp 3 SRM SM d L*3 1M 152 Ee St RR. TI5% 118% 113% + 1G erican Central. Baa, De aT. ABM ARN | ANA (i ‘ cf & % % % pest % Peopie'a tea) 1 Stee} ie Reading % | Ren. % x“ Fry u % x Me s % uM ut tA a3 Wir central % E aGvante. "Decline, were total wales of atocks to-day of shares and of bonds $664,000. _—— Fifth Gibson Picture Free | with to-morrow’s Sunday World. REAL ESTATE. akeDjn, tho railroad (> title insurance, given to every purchaser free, and address we coyntsina ‘views of ewig va i as Bgour name, - 268 BROADWAY, NEW YORK. GA BONNET, @ AIM AVE. OPEN BYRMENAS, \¢unctory. Although stron ng, Renattore, oe apionstese, the of WALL STRILT. SATURDAY, March 17. A mimic St. Patrick's Day parade was} the only animated feature of the stock market to-day. A fox of dulness, dense find heavy, shut out the speculative! Spirit completely, and trading was per- ! Owing to the lack of business increases in. the. toa bx the younger brokers turned their atten-| counts, | ye incronsed duct tion to fun-making. While some sold | More, ihuerins ercas receipts of: meney “St. Patrick's preferred,” and “‘Snake| from’ the interior were larwer this week than they have been since the last of has been satisfactorily Cested. The bank statement was not pantiou- larly enlightening as to ‘actual money conditions While there is de- common,” at fancy prices, others, ; b - muary. Thi erie of currency headed by Jesse Wasserman, organized | JAPUg7y The ork antag imency & parade. W. B. ReMly, the spéoialist/ bank notes sent to W: for re- in B, R. T., and W. P, Callagtan were the abtive aldes, Wasserman wore a green derby ‘and others wore tall green hats of various styles of architecture. All the paraders carried green flags. One reckless wag pushed Into the lne| wearing a bright red sash. The parade was abandoned for an impromptu game of football, in which the wearer of the red gash was “It." So far as actual eee lot ere. amelie tran in’ any week since Apparently the higher rates for cali monay here have caused a temporary suspension of the spring outflow of currency. This out- |flow may resume next week and per- haps not until next month. _o $1,000 Picture Free. To-morrow’s Sunday World will contain as an Art Supplement a fine reproduction of Charles Dana Gib- transactions were concerned, this was the lightest busi- ness day that the stock market bas|son’s celebrated $1,000 drawing, known for several months. Prices.|“The Party Wall.” however, held fairly firm. Missour! Pacific at the outset showed a stronger tone, but declined fractionally on moud- erate offerings. It {8 significant that brokerage houses usually ‘dentified with | the Goukl interests have been buying a great deal of Missourt Pacific at the lowest prices. There has been no at- tempt on the part of the Goulds to support this stock around par, although George J. Guuld is quoted as saying that he regards {t as being worth more than par. Consolidated Gas stock advanced a} full point to-day on light transactions. | en parts of the country during the The room traders are wary of the| Sines the Matter Pare ot enoene Gap bearish talk regarding the effect of the! shipments from ‘this elty were axrene {cent gas order upon the future of | fondingly smalier. The figures as issued this property. Much of this talk ap- es BANK STATEMENT WAS NEGATIVE. This week's bank statement tssued to- day was negative and falled to show the actual movements in money since the last report. A moderalte, increase in loans and deposits accounted for a decrease of $508.675 In the surplus. De- spite the colorless character of the state- mem, i wWever, the mol outlook S good, the Income of currency from at the Clearing-House were: parently emanates from brokers who | jf ‘have been operating for men Identified | with the Consolidated. Wall street | takes with a large grain of salt this statement, made to Mayor McClellan by the counsel for the Consolidated Gas Company vesterday: “The oass of this 80-cent gas bill will place m: company within one degree of bank- ruptey.”” Persons with long memories recall that there was a great deal of | this Kind of talk several years ago when the price of gas was ordered down from $1.2 to $1 per 1,000 feet. ‘There 4s no reason to doubt that the. Guggenhelms have obtained control of, vada Copper situation throne tne No Ase ofa majority of the stock of the “Nevada Consolfdated | Copper Company, It 1s asserted on good au thority that the Guggenhelms have ex- erclsed thelr aption on 600,000 shares or Nevada Consolidated, Already in con- trol of the American, Smelting and, Re- ‘omapny. the Guzeenhelms now {aiSthe the most powerful influence 19 tee copper industry In Nevalla and Utah. Much to the surprise of some erve. increase | Reserve’ required, Surplus, decrease : S. Deps.. decrease mn a GOOD TONE TO STOCKS IN LONDON MARKET. LONDON, March 17.—The rates for money were easier in the market to- | ay and supplies were more plentiful. Discounts were steady. Trading on the Stock Exchange was Hfeless, but the tone generally was good, owing to the attitude of the Continental Bourses pointing to satisfactory progress being made at Algeciras. Consola were steady and home rails generally were upheld. Americans opened steady and lfted mostly to above parity on support. They closed easier. Grand Trunk was strong on the traffic {n- crease. Foreigners were quietly firm. Kaffirs were cheerful and fairly supported the speculative followers of the Guggen- Copper shares were in request. Jap- jeims, no at was made to boom anese Imperial 68. of 194 were quoted Smelters to-day on this news from as 1011-4 $100,000,000 on Tunnels and Bridges is being expended to connect Long Island with Manhattan. What all this means to the future of Long Island beggars the most vivid imagination. In the History of SUBURBAN REAL ESTATE There has never been such an opportunity for profitable investments as we are now Offering at FLORAL PARK Right on the Main Line of the Long Island R, R. and not more than 20 Minutes From Broadway On Completion of the Pennsylvania R. R. Subway. EVERY DOLLAR OF THE MILLIONS WHICH THIS RAILROAD AND THE BELMONT TROL: LEY SYSTEM ARE SPENDING FOR QUICK RAPID TRANSIT TO LONG ISLAND MEANS AN ADVANCE IN THE VALUE OF LOTS AT FLORAL PARK. As soon as all the new transit facilities are in operation residents of Floral Park will be able-to reach Herald Square in less time than residents of the Bronx do now. You know what sensational advances Bronx Real Estate made a little over a year ago, when the way was opened and the public suddenly realized that transit facilities are the ies artcis ah Piet Then the History of Bronx Real Estate will be repeated in Floral Park values outside of the congested centres of Manhattan. FLORAL PARK has already every advantage and convenience for the commuter, miles from Herald Square, on the main line of the Long Island RR., on which electric ¢ ing operated from the Flatbush Ave. Station in Brooklyn. Forty trains a day. 500 CHOICE BUILDING LOTS FOR $300 EACH $10 DOWN. BY NEXT SPRING THESE PRICES WILL BE ADVANCED 25%, | FLORAL PARK has all city improvements, several good hotels and churches comprise the leading denominations, Its public school is one of the its Fire Department is a model of its kind. THE HOUSE & HOME CO., Branch Offices : We have developed a large tract of land within a few blocks of the railroad station, and are offering $5. PER MONTH. Titles guaranteed by the Title Guarantee and Trust Co, Maps, Free R. R. Tickets and Further Information Will Be Furnished at Our Offices. 1931 Broadway, Brookfyn, a) Greenpoint Onis » Brook, 18 Bast 125th St, New York. os. Bond St., 503 Fifth Ave. New Y similar distance from Herald Square $68 Lots, $5 Down, $2 Monthly. 88 Lots, $5 Down, $3 Monthly. 168 Lots, $5 Down, $4 Monthly. 288 Lots, $5 Down, $5 Monthly. Our representative will call on you any hour, day or evening, and show map and explain details. No trouble—just a pleasure. For anInvestment \ i i 25 MINUTES TO HERALD SQUARE > Right at City Line—Greatest Investment “4 ‘We challenge any pL RMON A ‘@ parallel SATURDAY SUNDAY WEDNESDAY Monthly Monthly It {a a pleasure to show our property. ead» we kindly invite you to inspect same at any free raltroad tickets wnt on application. Traing leave Long Island City amd Wm. H. Moffitt conrany REAL ESTATE. MATCHLESS AND IRREPROACHABLE 60 TRAINS A DAY—toc. FARE. jaures shown ac the head lines are in fact. We have full-sized lots, 25 feet at these prices and on MARCH 17 MARCH 18 MARCH 21 10 Per Cent. Discount Off of the Above Prices for All Cash Payments, ‘or on any day which is convenient for y: Brooklyn, ee ae ofbo AM, 155-157 BROADWAY, REAL ESTATE. =< 600 For a Home COUNTY SEAT OF NASSAU COUNTY trong pret HOD feot dren vou can get. thom, Selling These Lots Less Than Acre Prices on These Three Days Down $ 5 Down Onr Choice Business Lots ou Main St_ $400, Only $10 Down, $10 Monthly, THOUSANDS ARE INVESTING. WHY NOT YOU? if titles are xvaranteed by Title Guarantee and Trust Co. of N. ¥. REALTY NEW YORK CITY HELP WANTED—MALE. Clothing Cutters Wanted, 40 irat-claas Clothing Cutters. o Lining Cutters. 2 itirstcclase ‘Trimmers: WANTED by a large New York firm, Address H., 1364 Broadway, YOK, Da Oe MANILA PRORDWAY _ STEWART NEW. D. eis ots Mu Bronx, “Brovkiyn, queens. an Sompelalig’ the? City “of New “Yorks Opened for examination and correction oa - second Mon: ft January, and a Foun eins | rat DAY OF APRIL. J For a Person Who Thinks. eae ae “ti Something that every intelligent man should have about the home or ottice is a copy of the 1906 World Almanac. A person who thinks and discusses questions of the } | ys Person day will have occasion to} | su vesies, odin oF a naa — consult it hundreds of aesen Browdw of ine Torta et your. As the, ofieg bare ‘and Seventy-aeventh alreet and Torsuen of Brooktyn, at ¢ ents Muriel pal Bu r 08 PDepartnih, Haske Bulla, Jacky nue and With street, Long’ Island lan an tbe, Bory of Richmond, parent, Masonic peas: ‘Star tions in all the Boroug! Hon uhly ae tinies during the year. Price 25 Cente By Mail 36 Cente made between 10 A. The 45 CENTS PER SHARE WEDNESDAY, The two veins recently discovered on our Sapper claim, com- posed of quartz and white talc, the rdentical Shoshone formation, indicate that equal development will make the shares of this Corporation worth many times par, as it has already done for the Montgomery-Shoshone, That this fact is thoroughly appreciated by the knowing ones on the ground Is shown by the large number of orders being received for the stock from Bullfrog and Rhyolite. Immediate application is therefore advisable On the part of those who wish to secure this stock at 35 cents, as no more than the allotted amount will be sold at this price. ‘The right is reserved to reduce or return any subscription, APPLICATIONS BY MAIL should be accompanied by check to the order of this Corporation at the rate of 85 cents per share for the number desired, Minimum subscription accepted, 100 shares, THE PITTSBURGH BULLEROG MINING GORP'R, LI. 1201-1202 Peoples Building, Pittsburgh, Pa. NEW YORK OFFICE, = | eee World Almanac ot ah ne ;| Gmmames \ and Encyclopedia BANKING AND FINANCIAL, The issue of Treasury Stock of Pittsburgh Bullfrog Mining Corp’n, Ltd., at 35 cents per share being nearly subscribed, the price will be SANKING AND FINANCIAL, Summer For list of Trade gt & Cottages on eachsduie of Will take ‘affect’ on ‘Mara STATIONS CORT Cor! ADVANCED TO ie eas et pe MARCH. 2ist. nee sh thw 4 stations 63-65 WALL STREET LOST, FOUND AND It Is less than-45% Tains are now be- a number of stores, finest on Long Island, 202 EAST 23D STREET: NEW YORK cITy, ts DESENOSA ‘scale Goes Its and Long Island, Palate Agents, including the express RAILROADS, An RAILROAD Bs wasn The Ea vd ot totes iii sat year a ae! Vi EXPR Fiotiat riedt ria! ee 2.55 a REWARDS, OO REWARD WILL BE This is the i Bull's Eye of Intelligence. The Shafts of Knowledge Sped by the WILL LEAD AID TO ANY ONE FUR. NISHING EVIDENCE THAT oF MARC APIN &