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J! m rQUEENS INSISTS OH ! IMPROVED TRANSIT I Her Merchants Want Ileal : Dual Service From FIiihU-- 7 Ing to Times Square. I Trying o obtain bettor transit scr-- t vlen under present conditions Is nlmost on u par with tlio provorbtal Job ot ex - 1 trading blood from tno.numoio iunui. - In tplte ot the unfavorable circumstances tlio Queens Borough Chamber of Com-- 7 inerce shows characteristic persoverunco Z nnd Is at present waiting regularly on ( Transit Construction Commissioner Do- - lanoy In Its efforts to get rcsultsm tho following projects: Tim .munition of tho Astoria and Co- - rona elevated extensions by the Broad - way-l- - irty-mnt- n street trama l wo R. T. as well aa tho present Queens Bor-- t ough subwfcy and Second avenue \L\ J cars of the Intrrborougb.. - Tho construction of the extension of tho Queensboro subiyay from Its pros-- 2 cut terminus at Forty-secon- d street nnd \ TarK avenue to Times Square. Tho construction ot the extension ot tho Corona \I.\ from Its present ter-- Z minus at Alburtls avenue, Cflrona, to ; Main Btreet, Flushing. Tlio Broadway-Flfty-nlnt- h street line ot tho B. It. T which Is now operating V s far northward In .Manhattan as Lox-- v .'ilngtou avenue and Sixtieth street, will ; Ibe operated, It Is expected, to the Bridge -- I plaza station In Long Island City before I.March 1. 1020, The operation of these \'trains beyond that will, however, require 'certain changes In the statbn platforms In view of the fact that the B. R. T. care are ten feet wide nnd tho I, H. T, '.'cara about nine feet wide and both cars ' ;wlll operate to the sime stations. ' Commissioner Delanoy upon the rec- ommendation of the transit committee o- ). the Quecps Borough Chamber of .Com ;; merce\ agreed to Issue nn order for the removal of the strips along-th- e n platforms ot both the Corona and IAstoria extensions, which would provide Insufficient clearance for the operation of ten foot wide cars of tho B. It. T. The op-5- \ cratlon of B, R. T, trains will enable .' thousands of passengers dally to afrold ;. the present congestion at Grand Central ' Station, where In the rush hours the conditions which now exist In transfer-I- \ ring to the elevators and shuttle trains ;:' to reach Times Squaro have become In- - tolerable. \ It Is understood that a hearing will x . be hejd by the Public Service Commls- - ;,Ilon In January on mo various pians ' which have been suggested for the con-- , - structlon of the extension of the Queens- - :\boro subway to Times Square. The ' 'construction of the extension will enable ; passengers to continue In the Quecns- - boro subway trains direct to Times Square without making two transfers M.as at present. -- PLAN FOR \SPREADING BOUT\ LOANS POPULAR ...Company Finds Eager Market ; for Mortgage Certificates. Over 12,000,000 of guaranteed mort- gage certificates, based upon specific (parcels of property1 and equivalent, in ., their relation to tbe property which Is j mortgaged, to corporation mortgage bonds, havo recently been sold by the J \'New York Title and Mortgage Company v on a novel plan. It is used chleily in connection with large loans, principally th03e in excess of $100,000, and ihe cer i tlflcates. which bear Interest at the rate I of EH- - per cent, annually, find a ready 'market. The most recent, operation, of thla nla- - . ture In Brooklyn, put through by this T. company Is\ the $125,000 .loan on the r .property of the Kings-Count- Refrigorat- - Ing Company, 21 to 38 flail street, com- - ' prising the brick warehouse and the . power and refrigerating plant of the ; company, as well as the pipe lines to ; Wallabout Market, of a total value of neatly $250,000, and In Manhattan on Ihe nine story apartment house at 120 West Seventieth street, an Issue of $275,- - 000 with a valuation of ?460,00p. Amortization Is provided by the mort-- . gage terms for an annual payment on J the principal of 10 per cent, from tho end of the second year to the end of the ! fourth year, with the balance of a littlo I more than 52 per cent, due at maturity. I The American Trust Company hald3 the necessary papers, Including the fire and 1 other Insurance documents, Irk trust and I, duly authenticates every certificate. J \ One o the novel elements Is the clrcu- - larlzlng, by means of which tho certlfl- - cate8 are sold. There Is little to dlstln-'- , guish the literature from the descrip- - Hons Issued by Industrial, railroad or j public, utilities corporations which sock I .to borrow money on mortgages and duly i Issue their bonds therefor. The Individ-- ; ual Investor gains tho ndvantase of hold- ing a share in a definite property of which he knows the value and tho pro-- i portion of tho mortgage to Its valu. He J derives an advantage from his invent- - ment over the ordinary mortgage In that Tie Is able to Invest fmall sums the cer-- ; .tlflcates are issued In amounts from ' WftpUPward and that the certificates are.moro readily transferable or saleable \ th'airusual mortgages. '. ' This method of making mortgage loans J 'and distributing the volume widely has j been used in the $250,000 loan to the Sheffield Farms property on Fulton ; street, as well as the Flntbueh fJarden ; loan of $110,000 to the Pohl-Abbo- tt Con- - atructlon Company, t The Governmental thrift education Im- - ; (parted through the various Liberty and J 'Victory loans has been a' remarkable aid ; to investment In this form of security. rind .these securities have also been made ''available for savings bank nnd trust fund Investment by an act of tho Legis- lature last year. TO REMODEL OLD HOTEL. Syndicate AV1U Tnrn Aberdeen Into Ilutlneio Structure. Another of the old hotel properties In .the Herald Square district will ?oon be converted Into a modern loft building. ,lt waa learned yesterday. A syndicate -- has been 'formed which expects to tako over the Hotel Aberdeen at 17 West Jhlrty-secon- d street, between Broadway nnn mn avenue. The building has a frontage of 75 feet, j Is 100 feet deep and twelve and a half stories high. It Is of fireproof construc- tion and can easily be converted into a .'.desirable loft building. Tho sale has not yet .been consummated and Jcph Mar- - ' kcl, head ot the hote7 company, which the property, sAld he woulinot an- nounce tho price until the deal Is com- - pleted. LAKE 1IOIMTCOXG DEAL. Commodore T. Elliott Tolson has pur- chased \Hlllcrcst\ at Lake Hopatcong, \ N. J., from Mrs. Ada Frances Xecl. The 'property consists of a mansion, with boat house, about 400 feet of water front -- and eight acres of land, situated on a plateau. Alexander Lambert, the orlg--In- owner, spent $40,000 on the prop- - nnder, yeref the SCAnSDALU HfTATF, SOLD. I P. & JI. V. O. Fish, with John R. Ross, have sold the William 3. Mapes . property to Charles II. Cullen. It Is on tha \White Plains Poet road In Soarsdale nnd comprises three acres with largo house and outbuildings. RECORD . FOR ' i 4 :,,mi.y- i . . NORTHEAST CORNER OF MADISON AVE. AND RECENTLY LEASED FOR CONSTRUCTION OF A TWENTY-STOR- OFFICE BUILDING. . There was a faint suggestion of lassi- tude about the openlngup of the mar- ket last week, which trapped a few of the prophetic ones Into the prediction that the regular holiday slump had sot in in earnest, ui . course, they were speaking In the comparative sense, for tho present market at Its lowest ebb would cast discredit upon even the most furious periods of activity durln the pa't ten years or so. Talten by and Iargs. however, the mar- ket did show unmistakable signs of a tapering off last week. True, several bjg deals big even when measured oy (he standards of y developsd duri ing the first few days, but the volumtj of busincfs was not nearly so great as during some of the preceding weeks. This state of affairs left the wise ones In the realty field somewhat unprepared for tho smashing big transaction that broke all records for the sale of im- proved property In New York city. To say that the wise ones were taken totally oft their guard nould 1 doing them an injustice, for- - even the most casual observer of real eitate conditions y knows that the market has one thing In common with the prestld'g'-tatoiw- lt can produce big thln-- r 'mm unexpected places at unexpected times. The big trick that tho slelght-of- - nnna marKet pulled out of Its sleeve last Thursday was the sale of tho thirty-tw- o story City Investing Build- ing, at 1C5 Broadway, and two small structures adjoining It. to a Russian banker, whose personality somawhat shrouded In mystery. It is'true made tho transaction even more interesting The deal is said to have Involved some- thing between $9,000,000 and $10,000,000 and Is unquestionably the biggest sale of Improved property the city has ever known. There is little likelihood that It will be eclipsed Uefore the present year wanes, and If If Is not It will stand as tho culmination of a series of the blR3t-s- t transactors Hint haie ever been crowded Intn.'ons year. The buildlnr was sold by the city In- vesting Company, of which Robert r: Dowllng is president. Along with it went the leasehold on the live story Wesseils Building, at the southwest cor- ner of Broadway and Cortlandt street and the ownership of the five story build- ing at S3 Liberty street, northeast cor- ner of Church, both of which were ac- quired by the City Investing Company to protect the light supply to Its hand- - 5 Fifth avenue, now that It has been saved from the blight of tho factory Is to be with two large business One, rising thirty stories, will grace the corner or i- - street. The other, a fifteen story will cover the old Marshall Field property on the east side of Fifth avenue be- tween and streets, and will cater to textile The street building will, occupy the leased property of August and will be somewhat of an ofMr. at 50 East street. It will be ar- ranged for a largf theatre the first to venture onto tha lower half of New Yoik'a most famous Warren & who designed nio?t of the tall btilldlngs In tho vicinity of tho Grand Central Term inal, are at work on the plans for the building at street. There will be a main ui ien stories covering tlio site or the old William C. Whitney and Charles W. Morse which Mr. several years ago. From the centre will rise a tower, the shape of which has not been decided on at present. It will, rise twen- ty stories above the main building and will have n average of 7,600 square feet to each floor. The have been planned by George Backer, who has built many nouiDie on Madison ave- nue. Mr. it was learned. Is In the formation of the cor- -' porntion which U to finance them. The total cost. It. Is sa'd, will be In the of nitre uiii be two entrances to tha of the street side of the ' t...U.1l I , ... . Muriume,. jimuK iiiug arroue will oe a number of shops. At the Junction of the two corridors will bo the entrance to the theatre. It will cover the plot on street back of the Duvecn galleries and will be a novel and most structure. The provides for a seating of only .C'r \V uul' ,e ol '' -- seventh street building. One will \ ha south end of the Fifth avenue W. frontaee and the other nt fh .i brokers. BREAKING DEALS OF PAST WEEK MADE UP DECREASE IN VOLUME OF GENERAL BUSINESS mi 7r \onu siiuciure, W.ilch adjoins the fony two story Singer Building on tho north The buyer of the is Grigorl head of the banking tlrm ot O. Benonson & Co. ot Petrograd and London and also chairman of the Rus sian English Bank. Ho Is said to have lost of his landed property In during the overthrow of the In purclias- - S00 person?, arranged on a main floor and two horseshoe shaped boxes above Lach'bdx will be 0x12 and will be closed In. On tho orchestra floor every seat two arm rests Instead of one as In all other and the space ot tne seats nnd the aisles will gve more than comfort to patron\. Above the theatre will be a splendid concert hall, tea room, nnd buffet for the use of theatre patrons. The main structure nt the corner of i Ittn avenuo and street will be ai store, office and apartment On the Btreet level both on Fifth avenuo and street will be rows of tine stores. The ten floors above will be shops nnd Tlio tower section will be laid out In olllces with living If a tenant desires to be close to his .business and freo of tho transit crowds and transit delays. The erection of the Etrticture will be startfd in March, and will be- - ruhdy about this time next year, Mr. Backer said that the structure will cost aboui It will be 400 feet high and will have a ground area ot 10,230 feet. Warren & Wetmore nre the archi- tects. Oil will bo used for heating and power for the operation of and the like. Tho theatre will cost about 1L000.- - 000. It will cover a site of 10,000 square feet and will be built of will also bo tho material used in the of tho facade of the thirty story building at the street corner. The theatre will be nbout the same time as the office -- Clark T. arranged tho lease of the (o Mr. Backer. While these arc under Sir. Backer, will also have un- der war the big building for the use of fel'.k nd woollen The Fifth avenue am street site .Mr. Backer has leased from Mr. for twenty-on- e years with renewals. This site measures 109 feet on Fifth avenue and 162.6 feet on street and Is covered with a six-sto- store and offlco Included in tho lease Is the former Ken- nedy property oq street, next Bros.' art callerle3 at the 5TH AVE. BUILDINGS TO COST $15,000,000 George Backer Plans Two Skyscrapers;- - One Stories High Will Rise at Southwest Corner of 7th St. Invasion, Improved buildings. southwest structure, Thirtieth Thirty-fir- st especially wholesale ron(y?rns. Fifty-sevent- h Heckscher architectural Imitation Heck-sehcr- 's Handsome building Forty-secon- d playhouse thor- oughfare, Wetmore. architects, Drellmlnnrv Fifty-sevent- h building dwellings Heckscher Improved 'actually however, Improvements imnrovement Heckscher, Interested neighborhood $15,000,000. Fifty-sevent- h Fifty-sixt- h Interesting arrangement capacity Pnl \31? u\Clrt - CcA,rKeib structure Bimenson, considerable Petrograd Kerensky Government. wlllJiave theatres, ordinary Fifty-sevent- h showroom building. Fifty-seven- th show- rooms. nccommoda-ton- s attached. $5,000,000. generating elevator? limestone. Limestone construction, Fifty-sevent- h completei building. Chambers proportion buildings con- struction merchants. Fifty-sevent- h Heckscher Fifty-sevent- h building. Fifty-sixt- h toDuveeri\ 30 THti SUN, SUNDAY, U 4 5X Morris CORNER lor BROAD STREETS, Ml F. NO YES WHITE ng t, e skyscraper, he cash over a r.ortgago of $3,573,000. Several otlier big deals clo'd were important In that they lad the ground- work for exceptionally large building ventures. Only yesterday it was an- nounced that George Backer had ac- - quired two line Fifth avenue, onnslde of Park avenue from whlch he Pi. mi. will erect two buildings, one fifteen and the other thirty stories In northwest corner of Fifth avenuo ind Fifty-sixt- h street This property Is 100x100. The structure at Thirtieth street. It Is said, will bo the largest of its kind in the city. It will front 200 feet on the avenue, 200 feet on Thirtieth street and EBE'SSHl space There In 111 bo $4.- - 000,000. With the price pajd for tho slto Included, the operation \will repre sent $7,500,000. .It will be built In the shape ot a great letter \U with tho court ficlng east through the centre of tho block. The building will be built straight up for llfteen stories. Twenty feet back ot the lino of the main structure will be a sixteenth story, but this will not be for business use. jhe floor Is to be devoted to club purposes for the use of the tenants of tlio building. There will bo from twenty to .twenty-flv- o sleeping rooms, baths on this floor, where business friends of concerns In the building may be glvyn .hotel accommodations. There will be also a restaurant, gymnasium, three or four sun parlors and otlier hotel and club features on this floor. It will bo known as the Textile Build- ing. Malllnson & Co., silk manufacturers, havo taken an option on the north store, 100x200, fpr twenty-on- e years lease at ajrental of $2,000,000. The block was bought from tho B. Altman estate through George R. Read & Co. The late Mr. Altman bought It from the Field estate some years ago as arv Investment. Marshall Field tho block for the purpose of electing a fine store building. At least tha,t was the story, nnd he never con- tradicted It. Tho Chicago rpcrchant changed his mind, and then the property whs carried along until Mr. Altman took It. Improved with three and four-stor- y buildings the realty has Just about carried Itself for the Altman es- tate, JIr, Backer said that he would have tbe Textile Building ready next fall. Tho chango in tbe status of conditions on Fifth avenue south of Thlrty-fourt- ji street uuti to tne decision oi mo needle workers to movo west,, Mr. Back- er said, led to this operation. Mr. Backer said that ho would not Jiavc attempted such a gigantic project there while needle workers remained in the i.ptni He pnld that Fifth avenue will come Into Its own, nnd that It will bo onco again a valuable and highly re garded retail section. So. suro Is Mr. Backer of the future of Iover Fifth avenue that he Is plan ning a particularly attractive struc ture. It will be of Italian renaissance architecture, similar to the structure which he erected several years ago at tho northwest corner of Madison ave nuo and Thirty-secon- d street Mr. Backer will personally supervise tlio construction ot the buildings. DECEMBER 21, 1919.) ' at 165 in sale of new york has ever. Mi m m Mi m City AND $OLD BY CMAS. CO. TO THE STAR OIL CORP. 'iclght. More complete details regard-fn- g this transaction will be found in an- other part of this section. ' Rivalling tho Backer venturo In gen- eral Interest was the negotiation of n lease by Douglas L. Elllman & Co. cov- ering tho entlro block front on the west iu .j.' iniviu sueei. Liie lessees oi me property are a group of prominent men, 7 NORTHWEST sites on Forty-nint- h . . . with of 1 2 to Heavy taxation Is one of the prlncl pal reasons for the present Inactivity of builders, In the opinion of John J. Mur phy, formet Tenement House Commis sioner. In order to relieve conditions brought about by tho lack of habitable homes Mr. Murphy urges that the bur- den of taxation be removed temporarily at least This, he thinks, is the greatest contribution which the Government can make tojvard (he Improvement of a dif- ficult situation. \The chief elements of cost which enter Into a homo are land, loan, mate- rial, labor and taxes,\ said Mr. Murphy. \Land Just now seems cheap. It nlways is when opportunity to uso it is lacking. This is, no doubt. a delusive cheapnoss, for when demand reappears the price will rise and tho only limit will b(S tho sky. Nevertheless, at present the price of land Is less ot nn obstacle to tV.an usual. \Loans are hard to pet and costly. Materials are high and so is labor. Taxes are rising and must rise more to balance the, Increase in the price of everything else, for Government service must nppreclato as the price of other things goes up. The only ono of these factors which can be diminished by Government action is certain forms of taxes. \Building costs have advanced\ tre- mendously. If new buildings were ex- empt from taxes for ten or twolve yoars the builder would recoup enough to equal the Increased cost of construction. Instead ot resorting to thlit simple de- vice, elaborate schemes which lead are proposed. Even conserva- tives aro finding a reluctant ear to socialistic proposals for Federal, Stato and municipal loans to 'piece out' tho sums which tho lending companies are willing to advance. Such proposals ob- viously spell disbelief in the adequacy ot tho security. \Measures wero introduced In the Leg- islature to provide for the exemption of new buildings for short periods, too brief to overcome the handicap Imposed by high prices. Even In this innocuous form the bills obtained no support ' \The first objection comes from the owners of existing houses who say that It would be unfair against h If ( II is ii m is mm whoso wealth has not furnished them with nn absolute protection againsj the of the housing famine. Unable to secure the living quartets that they need, these men have decided to put up a apartment housi? sixteen stories In height on 'he property, was leased fiom the New York Central Railroad for a total of $2,000,000. Another phase of this pro- jected venture ijj the fact tht jt marks tho return of Louis Sherry tokh res- taurant business. On the strtet level of the big apartment house Mr Sherry will conduct a restaurant, which will outshine tho splendid that he recently gave up at Fifth avenue and street. Mr. Sherry will also devote some of the space allotted to him to ballroom purposes and for the general convenience of the tenants he will maintain a highly trained corps of servants. Among the backers- - of the scheme are'F. Coleman du Pont, Dallas Bache Pratt, Col. Benjapiln McAlpIn, Arthur Coppell, 1j. L. Dunham and L. M. Boomer. It is estimated that the cost of construction will be about $1,000,000. notheji Important structural Improve. hient Is presaged In the lease covering ' PXfk mm investing building Broadway which ownership biggest improved known shifted property Building, BEAVER comparatively Jmprovement discrimination mm m ft m inconveniences wiperluxurlous Interesting establishment Forty-fourt- h the of Building GS old two the one reminders Street Ellas A. old tho the brnJnnl yield tho of the Asso-abo- the of fiqpr. SAYS NEW BUILDINGS SHOULD -- BE TAX FREE Tenement House Commissioner Asks Exemption Period 1 0 or Years Encourage The commercial Interests the Construction this objection It be a sufficient answer the trend of events has made owners a very present In the form of enhanced value of existing houses. For almost the first time long have sold for more than actual cost ot construc- tion. The proposed exemption would place builders of new struc- tures the same place the owners were threo or four years ago, and would be no In mat. \Another objection comes tho associated owners of very much run down tenement house property New-Yor- city. In spite of tha pressure apartments they have not been able to old buildings. The last census made by the Tenement House Depart- ment shows nearly vacancies, located In older parts of the city. The owners of property aro convinced that the shortago of housing does not exist They are therefore strongly opposed to any io stim- ulate ne building. Their influence Is disproportionately great with the which speak for the city's real Interests. \A third objection is that a Is favored by taxers and that every which they Dronoso must bo viewed with by con- servative citizens. To this objection It would seem sufficient to urge that the has merit it to be discredited because It happens to be an unimportant part of a radical programme. Clearly the exemption of of for a limited ot years, leaving other taxes full force, be regarded as a long step toward lie. tax. \Officials who are concerned about tho practical rather than tho theoretical aspects of the may want to whero the city can make up the seems lost the exemption ot newjbulldlngs and by tho abatement of taxes. enough that the municipality not lose by the exemption of In tho manner if they not exempt taxes they will not be for a considerable period at least, hence there will be nothing to tax. .'The effect of the stimulation of building In the suggested be make land more available for use, f . ffftfi mm mi Wfl Ml mm win mmm m i proJecKare the Winchester Arm3 Com- - puny, the Liggett DiUg Company, which through the deal will secure suitable phow windows t a desirable corner from the retail point of view and at the same time add\ to Its profits by converting Into a lent paying medium the air space above the low building now covering the site. Tu make the project complete the Fred. T. Ley Company, builders, were brought In and a company wna under the name of Corporation. Albert B. Ashforth, Inc., negotiated the lease and will man- age the building. The present building on the site is practically a taxpayer, its store being leased tho Schulte Cigar Com- pany, F. R. Tripler & Co. and Restaurant Company. On the spot once stood old Holy Trinity Church, known Dr. Tyng's chapel( which was torn down In 1S9C. Summarized, some of the other out- standing features ot the wero the sale of the eleven Martin Building at the northwest corner of Broadway and Thirty-fir- st street to the Broadway-Thi- r tieth Corporation through Horace S Ely & Co. ; the announcement of the, fact that the White Star Oil Cornnrntloii property on Trinity Place. and consequently of greater Immediate value, resulting increased assessment, sufficient probably to take care of tho additional cost imposed upon the com- munity to supply needs of tho in- creased population. any condi- tions which permit Its uro the price of land will rise. Sis other things have done, \It the housing problem is to be Solved this method will be found tho easiest A brako Is a good thing to keep on when a car is going down grade by Its own momentum, but to clamp it on while climbing a steep hill Is simply aslnino. Ior a government to subsidize building with 'one and penalize It by taxes wltn the other to act with even less intelligence than its liarsliest critics ascribe to Its gineral acts for the publlo welfare.\ . 'LEASER' PLAN NOW , A CITY ORDINANCE Tenement Lessees Must Be Licensed After Jan. 1. The ordinance requiring lessees ot tenement houses to licenses from tho Commissioner ot Licenses with the approval of the Tenement Com- missioner, tho full text of was publ.Uhed In The Sun on Sunday, De- cember 11, was last Tuesday by tho Board of Aldermen. Licenses will be granted only to lessees as have \Complied with rules and regulations laid down by Board of Aldermen.\ license fee Is $25 and J10 for each additional tenement leased. The Heal Board ot New York In calling attention of property to this ordinance says; \Tho purpose if tl)Is Ordinance pre- - io 'leasters' who maka business of 'leasing- - ten ' menu.' Jack up the rents them to others, who the perform- - unco until tho rents In tho ment reach ornrhitnnf wi. \It Is ImDnrtnnt in nut. h.t i no legal definition or a 'tenement' and that the charter gives the of Al- dermen the right to ordinances but not 'rules and regulations. Tln Ileal Board did not oppo-s- ordinance.\ nixxnu to mm.mvfi j Nearly a hundred friends ot Charles R. Brady, manager nnd agent . of tho Avenue Building, gave him a testimonial last night at cliup house, on West Forty-fourt- h street Most of thoso who toasted the guest of honor wero tenants of the build-- Ing. over which he presided for thlr- - teen years, until fhe structure was sold . recently. northeast corner Madison avenue iwas the purchaser of the Morris and Forty-secon- d street. Here the fa- - at to 6 Broad istreut, norrtiwest grayish-brow- n story brick ner of Beaver street, sold by Bioad-imlldln- g. of the few of way-Joh- n Corporation, New York In rapidly changing Cohen, president, through Charles F. zone, will place to a twen- - Noyes Company, and confirmation ty fcory skyscraper, which will cost the rumor that Curb Market $3,000,000 and contain about had purchased American 23,000 square feet space to each Bank Note Company's old unlmnrnvwi behind them. To should that these big houses erected tho only tho In there unfairness from in for All their 1S.000 mostly the such plan boards general estate such pro- posal single measuro suspicion if measure 'itself ought.not a certain class buildings term all In cannot single matter know rcvenuo whkh by liquor license It Is to explain will buildings proposed, because aro from erected manner will to empty firmed space to the Chllds week Street In the Under hand heavy is procure House which passed such tho the The annual Estate owners is sumauiy and repeat housos Board .make Estato tho jni-v- former 103 Park dinner Wn's elation FORTY-SECON- D St Garment Makers Will Keep Factories Below \West ' .88th Street. f - f.r-c property owners on Foriy.scmn street who liavo been disturbed over t rumor that tho garment workers ! havo owurmed Fifth avenuo at tho nI hour may soon Invado Forty .eMon street ns a result ot tho agreement ol i.io iiiaiiuiaMulcin lu lUCillO UlClr (rill. on nnd west of Seventh nvem,9 J' Thirty-eight- h street will bo Interested ii tho following announcement by Singer nnd Mack Knnner, big cloakZ, suit manufacturers, who are chiefly sponslblo for tho establishment of thl now needle trade centre: \It has been rumored that the mann facturers o ready to wear garments in tend to build their factories in the tlon north of Thirty-eight- h street of Soventh avenuo. The first thought of tho manufacturers In selecting tiltlr tf for tho housing of their plants was th interest nnd nvelfaro of tho city of York, and It was for that reason tL resolved that they would not oonsldo, any plot of ground north of Tiiirly-tici- street, as they did not wish that thi employees of these factories ghoulj further congest thoroughfares which are now very much crowded. 0 ijelleva that Forty-secon- d street, partkulari,. ! Times Square, which is tlio most pomi. lar centre or tho city and a point to wlilffli all-o- of town visitors aro at. traded, should bo freo from any unmeet, sary crowding or congested condition \On behalf of the manufacturers u'hn havu united In the cooperative liulldin-pla- n' we wlslrcmphatically to deny tiru it Is their Intention to locate Hi, ,r fa., torlea north of Thirty-eight- h strut The plots purchased by these nianufaourcri aro located on the westerly side of Seventh avenue between the northerly side of Thirty-sixt- h street and tin southerly sldo of Thlrt -- eighth btreet, and they havo established Thin eighth street as tho northerly boundary lm, \If additional buildings are required tho manufacturers believe that su n new buildings should bo erected wit nf Seventh avenuo nnd extend over to Eighth avenue. Thero is sulllriehi niare to bo had In that area to huuse lha PentlrO industry, and it Aomo of 'lie manufacturers? prefer the location tomn of tho Pennsylvania station new co- nstruction can also bo located there \Tho manufacturers arft In fuh accord with the 'wishes of tho variuus civic committees, and when the Fom second Street Association requested them to keep below Thirty-eight- h street no diff- iculty was experienced In having the manufacturers respond favoiabiv to such suggestion, nnd tho members of the Savo New York Committee, in with the manufacturers, have expressed their views that tho cooper- ation of all thesi manufacturers is In preserving such sections of tho city far tho purposes to which they\ nre best adapted, free trom the Invasion of factories which should not properly bo located there. Indeed, as tho public convenience r- equired' it, and ' the civic organizations decidedly favored a northerly limit at Thirty-eight- h street, , (ho ir.anufs ticr.. would not even consder-plo- ts \f Ian north of that street which were pr- esented to them by various brokers \We deem It essential that Ne.v York should remain the centre of the garmc-i- Industry, and this can be acromp hid only by cooperation between th. nu and tho \fclvie orga.iz.iti' n so that the manufacture of tne la- ments can bo carried on not nr tilth the least detriment to the gemr.i fare of tho city but to the grea i of the industry Itself.\ REAL ESS NEW S, NOTES AND GOSSIP \Wholesale Grocer Buys Stool Frame Mock in Ha rl em-M- arket Quiet. A wholesalo grocery bus b occupancy tho four story stei i building, covering tho triangular Mr. . bounded by St. Nicholas and Kight't nues, 120th nnd 121st street- - J '1 Bassman of the S. H. Itaphael Cot-an- . arranged the salo for tho Lew n'd Jones estates, whicrt erected the l und- - Tho same broker sold for Col. Augu- stus Smith to a client of S. Douglas attorney, tho southwest c.rn.r i Audubqn avenue and lSlth street a x storv new law house. 35x100. ni d v adjoining live story House, 40x10 for Herman Sasso to a client w '!' occupy the storo 71) East 12\th \I ' near Park avenue, a five story ' \' ment house, 23x100. I'XTHHMvnii sni.i.s homi Samuel Untormyer has sold Ins residence at C75 Fifth avvmie t fruiterer. It Is a the stor 23x100, adjoining the Pyle et.if erty at the northeast corner ' third street, and tlatiKeu on in. by the former home ot Brlg.ull.\ ' Cornelius Vanderbilt. The Iu j been vacant islnce Mr. t'ntermi. r to CSS Fifth avenuo about a year nkw'aiiic THAXSACTION x. Feist & Feist have sold for Furniture Compare 10 Arthur Emmerich Company 2\? Norfolk street and 57 to 61 r. Street The plot has a frontage Richmond and Norfolk streets of and a depth of 210 feot. The will improve with a five containing about 70,000 square t- for Joseph Bergcr and Fannin V to Abram Rothschild 17 Wst street, a thrco story bi'Mdl-'- 2jx100, and for tho Cnlce f Company to W. R. Mellvillo t'm ' building on West Side avenue. I.\\ nue and tho Lackawanna r ,r.l tracks. PATUIISOX HOTHI. SOI II. Tho United States Hotel, at 1\ if ket street, Paterson, N. J., ' s 1 yesterday by John O, Stead i'r tho owner, Jnmes Dunn, to J.i. ,,'itz Sr?,dent ,C , f , s lltn of J\?\- - ?\ bulIdlnf ??ur ty .''.f l?,n noo n u 1902 has housed many notan.\ to Paterson. Frenerl.-- Br!- prletor ot the hotel business. lr which doci not expire unt1 Its expiration tho purr!-propert- will remodel th verting It Into a modem with stores on tho gronno FACTORY 11KAI. IX m: Another new industry n n Newark last week by Lou.\ h'.h' Inc.. when the Hnmblin 'IV\I ' turlng Company signed a lei tho entire second and thir l IV\ premises 12 Mechanic street Broad and Mulberry streets, t: erty Is owned by William A. 1 1 the tool company was rerre--- n !l president, Walter MIddleton. r. itake immediate possession.
