New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 06, 1916, Image 34

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New-York tribune. [volume], February 06, 1916, Page 10, Image 34
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 06 Feb. 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1916-02-06/ed-2/seq-34/>

Newspaper Page Text

PRODUCE AND
GRAIN PRICES
Wheat (loses Weak, with
Net Losses of %C. to l*VijC.
-?Corn Declines UgC.
Nra 1 | <?' ?rr . ll?*??.
WM M
On* ' - ' ? -rtaMI*?af M ?alue? In the
??heat mariact seemed t ? have baaa ataoef
?.lined <l irtr.a fhr la?t ?peV. ?? It) I ?'-?'
?- a. a
Per"
the ? ?r ?? ? ? .
?htlen? - - f wheat foi '*??
i ? rt Italy are i
burins '
and It iwrn? non at for
sisa i also ta atrol of
? -ar n? the I
' ,
Shii
ere Inei-easinS I
both A
I the estent ot thr?e artl
barer?
In Asm
wheel No 1 North?
? No. 1 Northern 2
1
l UKV
. . eels and tlv
\?a? fa
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Ke.-rr-t
es from A l>*en more
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BOND SALES OS TUF STOCK EXCHANGE
- HI RDAY, I I '??'?111 *,!- ?'?? ?'?'??
Tradiai la bead? aa ihe See York Bt?ecli Excbaage Balar?aj aasoaatN I?
t7.mU.9H aaaiaal IS.12l.Ni I r..ia4. |2.Ma,fN s meen ago aad ll.37l.NI n >?*?r
i,?,, i .?m Janear) I to date, IISMSMN, aaaiaal NMN.M(Hii Itll.
GOVERNMENT RONDS. ? , '
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GOVERNMENT RONDS
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COTTON NERVOUS ;
CLOSES STEADY
I eon!
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ntracl for ii
sold up from 12.01 1 broke
si, with
idy, net un
i wer,
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tur'., ho* ? ?? '.
eral
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the rally,
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rid was far fi
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erings, emed to
partly from Wall Stn
much
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PRINTING BILL
LIKED BY BOARD
Boylan Measure Tends to
.Secure (ireater Economy,
Says Committee.
AHERN AMENDMENT
ALSO WINS APPROVAL
ReRlty Body Believes 7ith*s May
Become Questionable Unless
i au is Passed.
1 ' ' ,:,?1 ' ?' ,'?? Bo ird'? ui.m?
' ' itlon h'
? bj took up n r h
of ImporUnt bill? ai d referred several
?thei J to i. ci ,1 rom mitt? i i , oaaider
Ai , ?? .. latter era? Senator Bojr?
? ne the l orrens set
ihi? I? the ?ame lull which ?ra? In
? .1 i.y Senator Boylan last ? ? n
?led In th? nal Th? b !!
I th? \ . nbl) ..... late to ?*? I
out .,f the Committee on R
A i amber of concui ? ''ifjnn?
ken on ?i
?nt? to 1 . titutioi
I
?? * r< refei red to 1
on constitution? Billa
l
Sei at? !? ? -, ? i odueed I
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: by Mr. Mm
late printing
creati ,: ' lent >,f
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to b? appointed bj I he Coi i i
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end nil pi
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for ai . He
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ARRANGE TOR CONVENTION
National \?-->.< i.il n.n Will Hold Fnur
llall* Heealon n> N4-v? Orleaaa
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he the bn
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STATE ASSOCIATION MEETING
I lecutl* i < oBimltta. W i'i Re Guest ?
?>f Buffalo Chamber.
?"??ir,n.
? ion of broke rag?
' ?'?
and Othei
? . fork
.-, ? ; be hi Id ai
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L'l.
Bevei ' "ill pre.
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upon. It '
eral ?.??'.
....
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1 D. Wood ?
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, thi rd rie?
.: ..in of
i. '.'. Van
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li ?peak o? "The
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ented bj
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BUSINESS TROUBLES
Binliru?try P>- ?
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Pf'lt I?
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**-? W? ~ . 1L..4'?-. \? L?.a? vr???iirer
L 1 WATERWAY BUL
l'roil.lr?! f..r Payment <>f I a ml In l"?*
?eloping iti.? Roete,
in'r ..Im. tli ' the Assam hl)
appropi icqulat
ti..i. ..f lands for tht a "f ?
deep watei I outl hon
? f Long Island Is enco iragtng to i ? i
, |. ? ? . ,. ' ? Lead to
? . eocB ' m."' an hoping
the bill will be? i I I ? '"''
ipproprlated monej one year ago for ?
? i of tha pro| oaed i ?
Ha? boofl made I edi ral i ri| neeri
have al ?> eomplati d th< Ir lurvt
. redi g, which
I .
Il .?mi ranged ' hat the itata hall
furnish th ? rigl I ol way and I
? . . ?
Very ft o I ride* .?. '.' be re
r-uircd, end compai tivi ' ?
... ? ties to
the main channel i II at ?? to be Ii i
I by th. I . .'? ' . ,- ??? ? non nt, i
pi ,? already dri
trail htem .1 and di epei i d
tably the 1
f Long Bead ; 1 itei ray at
I at East 1
? un..-! b< B ? and
. nal and tw i i ers al Baldwin
Ifarbor, tha latter of which have s
r nine feet si I Igh water. Th*?
? |p of Hempstt sd has also
? Milhurti River
u! Baldwin.
Compli lion of tbi * work means
cheap? i shipment of huildinK* matt i
? greatei use of the south ? ide lii.y * for
? . ire boats and a un.'" Inaida route
fur small merchant v< ? h are
cet to thi gel ' L. ag
? ? ?
NKW HOMES AT NEPONSIT
Bayera of Plots Greeting II.?ii?e?4?
*-ii..-.no Dwalliraa f?ae Dr. Mearria.
? ' g sales have been
St N'ept ?'??'*: 1 . i Hm ! '.a
? ? . "i. on Ontario nt., or. v hlch
ting |
.. ?, Oldl ? n plot
OOxlOfl , near Washington
? rill ?? Improved ?
- ? i gei ["o Jay la,
: the corner of
Boulevard and N'ewport av.,
? .. ho IBB
? ..;? '?? cost .?'
ght a i
?? '.'-,.' wl
'. ttor Kutdo
? - ? : , at thi cornei of
Boulevard
fur ||
I'r. '?' inrla If improving *he
? l . ' Ontai it., with a
i ? ! E Gurnee
plot 60x1
?
NKW QUARTERS FOR SOCIETY
I ..Huh. Protective Orgaaiaatioa )"int
liw rlllag in u avertie) rime.
? ' -.puny I?*?' sd for J
the f tory I
? iti
: d for Jol ' in 'he
? ?:??".? Place I
Protect
* ?
i ?
? ?
t the dwelling .104
? i i on
? ?
? ? I
?in.
I - '
More and ofti.e building planned for ?ou.be.at corner of Third end Brook
Avenues, The Brnns.
N*. Sfrruoin?. ArehltOCt.
MANY BUSINESS
PLACES LEASED
Rentals Show Demand for
Stores and Lofts in
Various Zones.
I. .. ins-, Bacon * Ilenry. witl II .'?? rtl
- lluberth ? the Ameri?
? I- ire engine < '.; pan) th? ton
, Wet I 54th - * . i,- ? ' " igl
HuhTth A- Mul" ... to Willard
Day in 186 We it Mi it.
1 ii>- l'hurla?? I". S'oyes Company has
lesio.\ tin? building 211 Duane ?t. to
? :.,? Worcester Salt Company, ?n.i th?
--or" il-? Maiden Laos to the Falrley
1 ;i ?dsi I teel Cl riij.ni ..
rame? I Etehingham has i. n?cl to
the Economical Tir" hii,I Supply Com?
pan y the -.tor? at 19.12 Broadway
Shaw .1 Co. leased tor twenty.in?*
? at ?'??*" Loaos av.
i' a ? ... Ifa???d the * ral
? Broadway ?? 1 M West 29tfa
Wagner ?v Blaufarb, furrier?
I ? eased to the Krees
lilding ?? 1 in.:.!?
to Pierce 1 i ha?<>
and to I' ibert
. ng 102 West ?3d st
?.?-.'.' -?.:tp :. ' ?'.
ith av, f,.r a t? rm
el Da 1er, and the
it th?
corner of Seventl ? 19th st. to
. . deal?
bile?
The Croea & Brown Company ?eased
t, the ?tore to th?
Steel ' 'ompany for ?
' years, and st I he ?outheast
sv. and ..' ? ' -: see
t>. i ?liv-ir .1. All mbaugh.
; s ft < eased a flooi
' t. to the A ik Com?
I Fifth si te
B. '>. '?> rigl ? i i ... .leu
srles V Van Valen l< seed loft i at
? ?
'
1 ' ele, Hai 1
. ?
Dl ;;?? ? i ?.,,'.k i-.; i? ?'
I a II
Herman Fennel A f'o. in ?9 BSSt Hat ?
Roy Seheriek leased floor? in 12Eai
40th at. to S. Imandt and ?ieorge !
Inglil, merrhRri* tailors, for tel
AISO If I id to r. If r BR Bl
of uphnli tery fahr:--?, the fth Ito i
?:? and 36 Weat a'-*1- it ' ros? .
Brows were Mediated In tba latt?
. . ,i '?
APARTMENTS FOR
BROOKLYN BLOCf
Planned by Builders Who Pur
chase Property in Flatbush
Section Other Sales.
Tha Delaeh Levey Company hea "''1
the rr.t.r"* block in the Flatbush sec
tiOH of Brooklyn, bounded by Fla-b,?
i Glenwood rd a*. 1 Nostrand at
; Thi? property has a frontage of SO
feet on Flatbush so. and 21-. feet Bl
IVoatrand av, This is a' the junctioi
; of the Platbuah av. Bad No?trand av
car lines and the tonainui of the No?
trend av. lubwey, "The plot will 1"
improved by tha nee ?wner-i **it!
? and apartments.
Meyer Lovenaon Hold for the Ne?
"fork Title ? ompar.y to an investor *.hi
? rot itory tonomeati at
iphar a"., on a plot IfiOxlOO
Tutu.o & i 4?rny sold for Levy Broth
ers Ii,- , the three i-tory bru-'?. s*or<
ami dwelling, in eour?e of con??ri
tion, 20x102, on the west side of F.ftr
a-. . 135 feet loath of Ovington a'.., tu
eher for In? estmea *
'? it 1 Realty Compeny ?"11
a plot, b the en**, aida '.:' Ka-t
28d st., botweoR A*/enuea F and ?;, foi
rhomai F. (ri'in; a pi"*. 15-0x1
the seat ilde of Bedford sv, between
\ i ;? ? 1 n- : (,, for (Ira.ie 11 Pi ek,
?? E. R. S-ropur i ompany,
will Improve e-ith bungalows: - '?'?
r ? , a ' . :
22x122, for L. !!. Sattoi
5?4'* Amersfort pi., con;?r of Av.
a one-family detached cottage,
for C. A .
Mei?*er Builders 10
?- . th at., 1
from end 88.1
on Tl at at?, 164 eet from
av. Ten .? ...
-?
T. A. HiiiTa A l
it 107 a
Ii ii i Hill i .i mi ifacturei,
? -.?.' ? , .
plot. 10x100, on the louth side >?: ?-"?
??? 24? fee? teat of f
to i ? ? itor.
SALE OF HOUSE
IN FIFTH AVE,
James B. Layng iw
Disposes of Dwenj
Near 71th Street.
STERLING court in
A S27?5,000 DEAL
Apartment at Audubon A?,
Corner figures h Trade f-.'
Other Property.
?'? ra R. May I > ,. ?
tout tory a r. d I
....
r : ? --..,..
- ' ? " ' ?" ' -?" .*? ;-.,'.
is Just r.orth ,,i 74th st, ?r, ? a?ti?jw
the r. rr.er .' ?:? .. hi -.' ? ?. .
Chapia. Irr.rr e . ,?,,,
"" '? v..
' ' ? r ' ' I I? ? '. L.aS -, a.
?he ot-i'T ' ' ? . - t .
v Hartases, A R --?
I
: ?i 12
Lai ng
.* -? ; ,.?,-?
-?i
.lh.".e? W. .'a- - ?.-.;-,,
eold the .-?? - - ?? Court ?farta?
house, lorata-il at tv? BOIthoM m
rer r.f ISIst -'. Bad Aodthsa ?T a
Sis ?tory t lei It ? ?.-?_ ^L,
?tor??, an flot iwftssi
?S ThoBSas Ward, aha ?riav?. jg pa?
payrr,. i tear t plot '
the sootheasl cornel f Ssesass.s_
1 Tilth .it. the te.e of whic*. ?i, r
re,.' rted. Gei r.*e I F'.?j.
negot:?-fd the d?al, ??. -, ch .-,*-,-??
.' it t
? Bterl ng Building ?* I | ;*r*?:.
Company bought the Aodsboa i* *fc
in lL?0i-, -> ??? spsitM
. ' core? *-..: >
-,'. I to a bu ' - 11 t? waa rij
an apartme: | ?es
tlbert ker ha? ?old. '?.r-?
' -. A '.?..-??-?,. the plot, I
f rain
?. -
?arm ",
lite wit ? * ises.
?
apartan rit UilII
Bryant st?.
.- dney P ? '?*- *
118th ??-... i? '
? ,-r 7th st
? - I the prop-r-r 1
Lease in Loft Building.
.. .
??
-p?nf.
- I
? ? r i
-
J%ore ihe Hunda ion
fy ARTHUR
NlCHOLS?
?t.... ..*-. certain things jn : can't do with impunity in realty and
btill I manager or holder of real property in thia city. You
very things on a large acal? in the newer Alaskan
also break <? urn rule, regulation or custom that
'. the past, and yet your
etting h< Bui you can't neglect your busine ? 01 residential prop?
polis year aft-r year for a long period an.l think that
- ? . be a ?lay of reckoning for you, that you ????'ill
the property, and that when you come
t.. offer it for Bale buyi ck t.. you and you will receive a much
larger -urn for \"..r premiaes, owing t.. the competitiva bidding, than
you expected. 1' ia just thia attitmi?* that many persona sssuined for
, and now they are asking one another: What
itter with realty?
. . old business tectiona of New York, and you
will ? block fronts of buildingi that long ego ahould have ?
put on the scrap heap. Yeara ago these propertiea were splendid in?
d wen coi demand in investing circli .
1 rom tbt? lool luildings, little if anything was ever ?i.->n?> to
rn. The former owners took nearly every dollar
of profit ami put it int.? their "?An pockets. Maybs some of those own**
. ?.." eys tu create a sufficient sinking
I with which to improve the ? i when the originad usefulness of
or nearing that period. However, the namea of
'. I property an* not generally
rn to the 1 ty of Brokers end others who sre entitled with
the Ii irket. Most of the present owners of the propertiea are
I ewailing thi fact 1 hat the old m the sites ? il and
.i ? Rn . " .? the market value ol premises. Th? - moaninga are
ow and high pla market, and naturally re
iii more i srd future of the gr? I
of v .?. York It i- true that the of these former ? ?>
ging their I rade pa I < ? I ps
thi'ir but 1 resent heii - i r ov - ? ft pi
.- dearly for what ahould have been done in the t'a*- distant
f all the ? lings and ail in the ?*a:" of
; . en til mans realty. Indeed the i sit. of the
ire a Mi.-: lectioi f the greats city.
tearing awaj of old there would be lay if
sen made years sgo for s gradual redu f all
rtgagi . What s boom b present .lay trade
: ?* if a decade or two sgo son e steps s 'y the pa
ind I ?. ? et pi ition of values. Build
rear everything else, and th i rig charma bit-come
.- by the stalwart forma of the ovi ring new build
. with apa .. : well lighted rooms, and with
?? '
rhe life of I ? ling is about thirty years; that
f thirty yes ineome power ia bo low that it ia e\
ii. that form. Should the building thei be left to
which ? usually done, it bee me a ? I
prog ? . ity like thi . '?. snd hard . .?? it
an i..- inpre] ? ng linea sn sc tuated by those
ing nee by. ?Son.f the old business landmarks in
I Manhattan aro over a hundred years old,
g maybe a hundred yeara hence and maybe
l"ii?.''.' Bui more than fifty yeara ago the inc..me from thess propertiea
In the early days of old New York the atu?
? Mai hattan brought shout s prodigious rise in laud
and outgrowth of former
pertii ? I owner wai sble to hold hi *
mi prod u?
?? - ? ' . the aying and doings "f the big realty men of the
.?.?? get the impression that the majority of then -vein to he firmly
inion that New York values were hound to po up and up, with
pert..i ,i ssional sharp decline to be followed by another rapid soar-i
ing. They Beamed to be sure thut this buoyant period would continue
: , ih a long tun? it it wai s
bother their heads ah? it, when I ....
never pictured that there could be a long -<?
they themtaelvea or their predect '
coldness and the par.-,--? of depressing realty si
reminds one of the saying of Bill Nye, "What's the i e
sehe when you are eating a - ? dt?M Now ?i
a strong foundation on which to base scientific '? * *
pity of u a!! is that are have to :.-.;- it - i
should have been laid. This explains rail the
of mortgages, what form they shall take and to
be first tried.
Most of the members of the Fraternity of R?
agreed that BOt*Mthing mu.-t be dotM to Btrength? ' I Si P
snd thut a mortgage which grows lesi ss
one of the ways that will help i". the rig
our present methods of watchfu ness as
a is of propertiea covered by mort tges, ??
were not going through r long period ol sudden a
*.alues. with just as quick and as sharp upwai ' ? r
jer most mortgages an 'or tarn
of most mortgages ia therefore l" short hat the i
slwaya on thi alert, runs no risk of 1
tent more that 60 per cent of the rahie oft ?' ?
ihat the si ? ?? n plan a extended
two or thr..' years. However, there ar
wart all loans I r ?? the p'.an m> that :. ? ? ''
newed vea'- 'ter yea I ?
. ire 'thi ' pl-acf
lion that ? made add i
owner airea
"-. mor '.- ? 'A
hear th? I the key I
it is the ?
? that i ? '
itter whal ;
RS if it a I not he ? ?
on the irgi ,
?
been commitl
' ' '?' ... rr
ntrscts have beei
he oi.i ' ? the *'?-??. - Is ,
a'!l him. Then
plain the contract did, and leller ?
pelled to retu
law would put a stop to thi
of wl ? ? lud Tl ? si Justare
to detei*mine the m? si f a certain loa
?Soph ? outd not n ska has r ta
the money |? tig I protecl
that i- natura! si d c ii i ?dentally I
York realty In investing circles thro igl
?o- the In liffi rei ? an era i f thi pa ta all ?
i in*- M
where to th.? professional lenders on real estate, ?? ?
to the conclusion that noa ia the time to res
l)on't let any on.* try t.. persuade you that
that luggestsd this agitation for the amort ' u , ?
City real est?t?, although it Is s stop In th.? right
our problema sa to how we ahould perform oui
office and mercantile buildings, our problei ? ?
beautiful city with sharp lines of separati ? *
ing and resirdential leetiona, our problems ab? it locsl a
menta and many other matter.., including thai ?
broker-, wo ha\e some v?-ry big subjo.-s to think - 1 th? ^aj
time. How shall we fare? Don't worry. Ws art* wt.l ??
a more stable realty market __*"

New-York tribune. [volume], February 06, 1916, Page 10, Image 34
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], February 06, 1916, Page 10, Image 34 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], February 06, 1916, Page 10, Image 34
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924