Newspaper Page Text
THE SUN, SUNDAY, OCTOBER 4, 1914.
REAL ESTATE MARKET NEWS AND COMMENT Building on 37th St. Near Sixth Av. Passes to New Interest Brooklyn Home Buying Continues Y.T.3T TltlUTV-SKVHNTH HTItKKT j, Arthur Fischer has sold for Francis C,i'l''i a e'lcnt 63 Wtst Thlrly-sev-,,i h -iMi t. .i four story building, on :u' i x ' k '"' '''' east of the north ,,it i ' in " of SlMh nwmie. TIMKIM. I IIHIIOKI.V.V AfTIVM, rhi .Heo Winding Company hns sold to J'olnt Hrunch, Woodmcrc, U 1., to II. 13 Wlnlock. WAR TAX AND REAL ESTATE. CIiiiiikcs Asked In Tito Vrtty Isluiia f tbr .Mi'murf, The provision of tlio national war tax bill which afftct rral estate came In for much consideration ut tlin meeting last week of the Law nnd Legislative Commit- BEAVER GREEK A MENACE. .Inntnlcn I'olUn Wmit II Ileum ed Wonlil Cost I IIO.OOO In Do II. Ono of tho 1110.1t ImiiortHiit building development In tho Horough of Queen In In the Heacr Creek fcotlon. lying Houth of tho former village of Jamaica. In former yc.us Henvcr Creek, limning through this section, wits I'oiisldernl one of Its chief charm, hut n conception of population has caused It to become k menace to the health and a decided discomfort. A ilcmaml hail been made upon the boroiiKh otllclali by several of the civic organizations of that section that Immediate action to rrni"dy tills condition be taken Ileal estate operators In this district have Joined with the civic organizations In this demand. I'ubllc Works Commissioner .lames A. Dayton linn estimated It will ccst mors than SJ 00.000 to do the wotk that has been asked. The Commissioner says that a request hat been foi warded to the Hoard of Intimate for 1111 Irsue of p.cl.il revenue bonds to do the wot I; In ad dition t.i this an estimate has In en Last Chapter in Fall of Old Department Store Zone Recorded Last Week by Arnold, Constable Alfn 1 I' Hi'"' TV"iity-llrt avenue, .i tl M.ieum I '.irk section, a one fum ilw'l.t'if nut to llenrgo II. .Inekson ii4i ' tourih rtrr"t, u one family "W.nll -wie has sold for.!. Oodln!i';:0t V" A'1"0ry 0ouncU ?f ltt-" i:tute i p, me budget Ml.loh Is now being il' I Oil Ilia Wl'St Slllf Or KOUr- I ............... mih,nii.u H.in 1 ll k.imk "I men lie '1 en to 1110 Mcnato Finance, (Mmmlttftc changes m Keeping ine erc-n in p-oper eon .1. on. In the. tax on conveyance? and tho. tax ' r,M f,,,l"t ' '"-" 'ide ro tlie if i. ninniMi.1.. m,,i ....... ..t .! 'h revenue bouJ me denied, some ini 1. mortgages nnd cot e-yances of r"i , rovcIm.t(1 , , ,., ,,, ,t j,,. ratutt-, tm unocr 1110 iuw. ims 0111 ft t tnntli ! ' " f'1'1 south of Forty-scv. tni, -in it to 11 I'.llltt.i; for -Miss K. IMtmr i-i . 4.AIO0. on the smith slds of IVti H't'i "H t, 500 fret east of Flf Until .'Vii e for imiirovement ; for 1'. 1! !(:... tl" two family b-lrk homo nt jl'.i KtfK-'Idtd strict, to ,1. Harris: for 0 1' pi '. tin l.r.i'k house at 1 1 57 Fifty foMrta st"e. to 1'. I.oneuan, and for .1, M i-.r.o Si.'l1'1 on the wrst side of HIx Jf.i'i.i.i mi'tui-. "'i fiit south of Klfty f ,1 1,1, 11 J rrrediniin, for Invest- 1:1 . Ti'i tune and stores nt rH to !l!3 Vri''i"t v""ie, on plot SOxlOO, hsVf t.ti snH I l.v llros. to a client of hun.'je. W fh. B. A Koi ter has sold the dwelllns at l KnwwWn street for Joel tl. Charles t Morr s I'.osi n. Minn: itmt.mvooii ri..TS soi.n. i'vles 11 tax of one dollar ier thousanJ on tho consideration or valuo of tlio prop erty conveyed. Under that law this was held to mean that tho amount of stamps was required to represent tho entlro value of the property. Including tho amount represented by martgnices, and that It was not to ho measured by the itmuunl of emilty or Interest com eyed. The commute- iolntcd out that this uns not c'ltiUablc, tor all that Is olthar con veyed or paid for Is tho equity over and nbove mortRSco Indebtedness. The corn mlttco has viiKxeJted u chuinn so that tho umnunt of tho tax will bo meitsurid by the conildeiatlon which actually passes Dotwccn the parties nnd tho thine con- t f 1. m v on ' r-rr;'tl ' ' ntvi ' f0! ' Jl" .!'! f' r. s,-,.f. " f. .'latl.ewB Company has (Old I voyeri. III the IliilK'WOOd Section The srenml rlmniro uiretn! wns rti. MiM'ros, bar hall Rroimd tlva to the tax on niortCHKes. which is. In form, similar to tne tax on morlKases In the 1S5S law The r.tto flftoen cents on oicli one thousand dollars of innrtRaKe, over and above tho first one thousand dollars. The committee believes that. If there mtiet b.) a tax on mortvuxes, that In addition to taxlni; inortftai;es when ms.de, nnd first trnnsfer or renewal there on. It Is Improper to also tax other subse quent nssltrnmi nts or reMwals Inasmuch as other -taxes upon Indebtedness fall upon the debtor. 1 Uraf. corner of l'litnum '.ie ,1 venues, on tot 2'iXlOQ, 1 n. riihnrd ' TI'l'Lv IMS, "O M.Tii.'.m street, on plats ,r 1 1 ."00 inch, nnd to Hobcrt is:i0 M.-dlson street, on plot r J 11 ',00 st'.i.i.s r.i.MiiriiHT 11111 si:j. Puff ,v Hi 'n Company has sold for Jokn - n to Cent for occupsncy 1 IS Fm.'im st Klmhurst. two three if.ory fri"' ilive ncs on plot 40x100. JIMI V-si-.T I'AIIK IIOMCSITC. 1. r 'ur V nshburn A Company have :i p'nt t'OxiOrt on the south side of Orchard sfe-t Manhasct I'ark. 1... I., to 11 1' Ilr.ni' 1 who will Improve the slto with a b: " k dwelling. t,Ki:vtrn 11011:1. nin.n. Tie i k wool Hotel at Uikewood. V J. ene f the laruist In the Jersey ,,i,t, rr, has Wh sold by Kathan Ktne to Nithiin and Mollle Jacobs. It t said fxt nsle alterations will b made nth mam HUM umr ny ne new uwn.ia. Thr I'te wis bu'lt nbout twenty-thrM n-! In rerent years the resort has no trwdi' mo"-., and about two years nco t nns nut up nt nuetlon nnd Mild for m rnn The buyer, however, fat'ed to 'ri'T nu: 'm contract, so another dfal tn' niUequently started and resulted 111 v. r f.r ,t sale. TR!i: TKI It'TII ST, HOT'Si:. W,'! .mi While & Hon have leed for clf S Kitziimii hr rtsliUnce lit 13 Kast ?Ari.n.nti street to Chnrles llrown for a t.mi of iwcnty-olie earj at n rental aq-'-up -ver 1100,00.) At an early date ",1r Hi.iwn will after the bulldlnR 'x ei .'v .! busliui'i purposes from plans y r, A & II llochm. WORK FOR ALLIED INTERESTS. trlet can bo made. NIiikIp Tnx OppioiKlou mid Protec tive Action to lie III I'leld, That the Allied Heal Kstato Interests nro not Rolnc out of business but that they aro on tho other hand about to ex tend their field of activity, was the sub stance of a statement made esterday by Allan Koblr.son, president of the nrvanl zatlon. Ho said that experience of tho past year shown that tho astticlatlon Is needed for the proper protection of real estate owners. "Broken are well taken rare of by the Ileal Estate. Hoard." Mr. Hoblnsou Mated, "and tho Culled Heal Kstnto Owners Af toclatlon has done yeoman's work for Its members, but the members comprlted within tho Allied Heal Estate. Interests r.nvo no one to properly represent them, and at a rneetlnn of the board of directors held recently It was unanimously decided ' that the association should not oiuy con- tlnue It nctlve protests airalnst single tax lcKl.ution. but should aim resume Its pi neral protective work which had been left largely during- the past year to other organizations." REASONS FOR MONEY SCARCITY. BritM's IMMII'IJKTY I.i:.Si:H. j rC b). nnnU for lle.ervr ..... I.W.J llrown ompanj im Cuml (lie f'hWt Truulilr. UPTCW APARTJIENT PLMS. Tmu n Slnrj Utilises oil KIOIIi sireel. fine 11 1 Hie Drive, On the nnrthe"st cormr of Riverside 1-Ive and l'lOt'.i s:ieit sit storv npvrt ment house Is to be ene'ed for the Mai vln onstruitloii Conitunv, J lenry 1'rled man president. It will have a f.teade of brick and terra cot la. with a frontace of 117 feet on the ln-he hv 1.".;.: feet on the street. There t"1 he nccinmo.intlons for jorty-elKht families Harold 1,. Younir. the architect, has estimated the rot at $300,000. I'lans have a'o been 111. d by Harold T. Tounir for the en:istri:. 'un of storv npartnimt hons.. mi the north side of ICOth tr'"t. uj.tl feet nnith of Kort Washlmtton av. nuo. for the Hudson View t"o:!struetlon Compiny. Henry Friedman president. It will have a frontape o' 110 f.'et and a depth of Ml T, fft and will Invo accommodations for forty-two families. The cost has been estimated nt $123,000. iiii 11. 11 j r h 11 7 i,ji in. js i r iirmmm i r t i mm l , srii.kiMasLHi rmamnarvM in i i MrtiGir or vcw v lllrar. i.r ! -Mgt III WAR HURTS NEWARK BUILDERS. MiivlrtK I'letiire (Iperntlcins Hip Only Ones .Vol Arfected, Newark, N. .1 , Oct. 3. Superintendent of Uulldlnirs William I'. O'Rotirke ssu( d 104 bulldllifr pormltn durlnr; Setiteniber, representing an nutlav of about j:30,(,0O. This 1 lets than half tho amount of money provided for hulldlnir work In Sep tember, mis. when the Hotal cost nffftre gated SrAI,3:r,. It Is also below the i.st of bulldlmr vork durlnir the month oft AUKU3t, wn'.cn totals clo.u to i3,soo.ooo. Mr. Rourko said tho permit of tho l'ub-1 . . . tic Service ltnllway Company for tho ncw When Arnold, Constable- S: Co. move Ji.fioO.OOO terminal was urnnted In An-1 next Hcptember to the new bulldlmr that tust. Ho nttrlbuti'd the inactivity durlnir WodericU V. Vanderbllt In to oroct on natnisii.uur 10 too ouinc w oi ine manioi, brounht on, he said, through scarcity of money resultlni: from tlae Kurupean war. MovinB picture tliedt.n form the only class of structuro not .iffecteil. As a matter of fact such operations have In creased. Nevor.il movie home nro now In course of erection In different p irts of tho city, white estlmntrs are now being received at the oITIce of William V.. Uh man. archltea. for the erection of an addition to the recently cmiplcled picture theati" nt B3 Oransn htreet. ttolomnn AnsbBch. the 1 wner. spend 511,000 on the extension, which will mean tire r.Sxir, and will fc-lw i ... the -.ti e a renting c.ipacltv of ubiit l.oon. 'ft i 1 tluor at 29-31 Went lhirt- VH, .,.. , ,; m. liermoiit & ; i Condlt.on In the mortsraKe market it ,rt door nt 1311-11 Hro.idway to 1 Htendlly improved and trny now be 'olumhas c.rcl PrlntlnK Cgmiuny. and to be api.ro.ichlns s. normal conditio elCht cr .1 "o-i term the store 111 n, 1 . ... avenu.. i.orthe.st comer of Kitty-third tret', to I.. H. Costlkyan Co. John V. Weiss has 1-iKed for A. Attic Lury the im.ldlns at 519 Ninth avenue. adJolntr.! the corner of Thirty-ninth tree, to J icoh Sch'.ff. for eleven year nd the store nt 1317 and 134'J Ronton roid. to K UowentJiitl & Son, for two y- , , The nuroM iVunpany hrfi leased tor tin years 413 Woht Thlrteentli street, a three story nnd basement business biilld irx to C J Sullivan, who is to exten ilrdv alter tho premises for a cafe nnd rwtauran: The nuirreKate Rress rental fn- .he t..rm - I1I lie nllOUt $20,000. nw.ng, Hacon ei Henry have leased a fioor in 401 1'ourth avenue to the Camp Xlre (!,rl of America, space In 345 Fifth venue to the I'lcture Paster Publicity fomrany. space In IS Kant Forty-first ttrcet to tho Terpeione Company, and spa's In the Archlt.vtects MulMinK. 101 rirk nenue. to the Ward Motor Vehicle Company M. ft I,, lless have leased the fourth luft n' 11!-:.' i:at Twenty-fifth street, runninu t iriuieh to and Includlm; 140-58 East T ntv.slxih street, containing a floor ana 10.000 square feet, to the Illustrated l'ustal Card and Novelty Com pany, fjr ,i term or cnrs, at an nKRre te rental of , nO.OOfl. cit iioct.s nK.vnin, T'- er f. Co. have- lens d fur Walter C Halo ti Annlo Robinson, the three wery hmwrntono dwelling nt 125 West 123(1 street Slani-oii H ibbs have lented the three id on-h ilf torv dwi lllnir at 304 West KiRthi-tn rd s'reet for e'harlcH H. Hays "i Orii'.n H Moon, and 303 Went Ninety third sire t n four story twenty foot owe ! , tnr Alice Williams to II. Muller. The Hi.uifht .n Company has rented the fo'ir t'ir.- ,md basement riwe'lllnit at 308 Wet K-it .s.xth street for Julius H. .Vrn.m- to N MicJi.iels. The I., h.h ii,,kir Company has lensod '"" a term nf jc.ir for Chnunc.ey I'. Mc Kmeh" ( ie t'iree stoiy brick and stone iw. .. hi- i -,;s W.st lT.lth street to Mrs. Kay feiop i.e. Vhn will occupy the hnii-e. ni:riN(, i,o.i ihi.imi iioukji. ' I K Hifjtt has rented for Or. J. I'm't .Mt.orne his houec on Ilniwers have be said condition for th'h time of the year, according to M. MorKcnthau, Jr Tivn factors nre still In the way nf a completo resumption of busi ness. The savlnirs banks nre out of the market b.-cnunn they fear the IiIrIi rates obtainable In tlrrt cUtis bond Investments may cause their depositors to withdraw their funds. The liisuranci. companies nre entirely out of the market because they feel It nec essary to build up their reserves nKOiiwt possibln borrowlmrs by their policyholders In acrordanco with the terms of thu poli cies. Cntll theso two factors am removed, Mr. Morircnthnu said, we could hardly ex- ncet an nasv money market. Alcanwnue, the selllnic or tne new c-iy sioen mm bonds on practically a 5 per cent, basis Is certain to brim: back Into tho morttraK market n larne portion of the funds which warn withdrawn for possinio inveBimem In these necurltles on a fi per cent basis. tin; (in.r;i: rmt s:tn sthiii'.t, Tie two and three Mory exprehs ware house ut 553 to .'.57 West Tw. nty-thlrd street and r.4i; to f.50 Wet Twenty-fourth street Is to be nnde e.ver into a rrariKe for the Auto Car Company of idmore. 1M , ut an estimated eot of $20.00n I'.ml C. Hunter is tbr jrchltret. TO BEAUTIF OUEENS STREETS Sell BUILDING SMALL DWELLINGS. II rook I. in llnllders Clod I' liny for o Other 4'ln of WurU. I'lans for slxty-fo'ir new liuildir.Ks, to cost $150,000, nee tiled in ll'ook'Mi last week. Most of the plans call fer am ill dwelling, a feature of Initldtnit operatiena In Hrookln for sevc-i! wei ks. Of the sixty-four new bu.ldli.its tiled forty-four are small dwellings nnd Hix are Hats. Tho six tenements, which will cost S30.000 each, will be four storiia mull. Four nro to he erected on the northeast corner of Miller nnd Helmnnt avenues, on n plot 2U0 by 100 feel, hj Max Nevflelil, nnd two will be built on the west fddn of Hatrett street, 100 feet noith of Sutter nvenuc, on a plot 100 1 100 feet, liy Meyer Hoffman. The t-lx 1 'illdlncs will have accommodations for more than 100 families. The southeast corner of Thirteenth ave nue and Thlrty-eifchth strict is to bo lmprov.il b the N. & S. Realty Company with live three story stores and ilwi llltiKS at a totil cuit of $27,500. and on tho northwest corner of Thirteenth avenue ii ml Forty-fourth Hreet Morris IVemtock will erect live similar buildlnss lit a cost of $27,000. Thirteen two storv dwelllnirs will be elected on the south side of Seventy seventh street west of Sixth nveniie, by the Floila Realty Company at a cost of $3!,000. R Kmifmnn will spend $3,000 for six small dwellings to occupy a slto on the north side of Surf aienue. west of West Th'id street. Coney Islnml. More than $70,onn will l.e spent fur In ilustilil development. The IVter Cooper (llu factory, which was itabliB.ied in WIHUmsIiurK back in US2, was recently absorbed by the c,ulf Iteilulior Comrnny of I'lttshiirB nnd plans have icn (lied fer the erection of n new brick Mnr.iKu warehouse, 100 liy r,0 feet, to riMt $15,000 itlid a smnll building for similar purposes to etui $rt,000. They will lie built on the southwest coiner of Uanliier and Maspeth nvenues. On the north s'.do of I'ltkln east of Snedlkef avenue, tho Ite-nlty Company will spend tho slto of bin home ut Fifth nvenue and Knrtleth street, not a department store will remain on Hro.iilw.iy between Four teenth nnd Twenty-third street, for nearly half u century tho recounted hldi class BhoppInK centre, of Now York city. NutliltiK will remain to rocnll tho Imnortiinco of these blicks which held the liulldliiKH of retail iihops wIiobo repu tntlonM were known the world round. The building In which were tended tho wants of millions of people, both rich and poor, will bo altered so much Hint only former tenants will be able to rec ognize them. The wide expanses, which held fnbrlrs brought here for New York ers.' tiso from nil corners f the world nnd nt Krcat expens.- will w partitioned Into so many jmall compnrtmentB for the uso of rnvfiittdiopM and wmall manii facturers In every lino of business. This Is not n prophecy but a truth, for th end of the district Is scon already In the chntiKvs that followed the removal of Lord & Tuylor, Vnntlno & Co.. Stern HroK., McCrccry nnd others. It Is thos chmiKiH iih much as unythlnK oIbo that hastened the removal of tho Arnold Constublo linn, for It wan a question how lonir even old patrons of this store would bo willlnB to come downtown Into a district tlint afforded them nono of tho pleasures ef an nfternoon shopping tour. .So Arnold-Constable, hnd to follow the. crowd, as tho taiylnR kocs, nnd movo to Fifth nvenue, whrro many of tholr neighbors novo nono In tlio last ferw years. It Is tho same old story over npaln. Downtown, lower Broadway and Grand street were depopulated years nco for sections further uptown, nnd this section In turn was descrtrd for llroad way north of Union Square, which now Is loft behind for Fifth nvenuo uecauso the movement of imputation Is ever northward. It does not seem jiosslblo that many of the leading department stores now on Fifth nvenuo wore nt ono tlmo In tho centre of what Is now con sidered thti slums of tho city, tho battle field of Banisters, nut It is true. Lord & Tnylor wero In Cnthnrlno tots .fi-raeti-si-r: -to jb-si -is-e.p3Tlce.t3.tsy tci-z-vz. bui 3-zoi ThTG . cy y y KrlnpInB It were streets on which lived . to do with the location of shops The many of tho leading centry of the town Tho a. nilng of trade Into Cathaiino street. Into their home districts, started families to seek moro secluded places to live. There were no such places to tho south, for It was years since trade had claimed the lower prcclwts of the city for Its use. So the movement was to tho north. When this movement hnd reached such a perrelvnblo stato ns to nftect tho business of the shops of Catharine street there was a chantto In Catharine street. Lord & Taylor opened a pl.iro In 1852 nt Grand and Forsytho stre'ets. About 1S27 Aaron Arnold, tho founder shopping centre nniaincd downtown for many years. Grand street then hold the same positii n in the city that Fifth avenue holds to-day. Like Fifth ave nue. It was one of the few Mrcots where wealth nnd Kreatnes wore always on exhibition, and, nccordlUR to stories, It win) this that led to tho mimlnB ol the thoroughfare Grand street. The next move of the shopping centre wa a long ono. Hy getting beyond the residential sections of tho city shop keepers roasbned that it would bo many years before another nlungo la loca tion would be necessary. Ho they begun Inciting on Jtroadway between Union of tho present Arnedd-Constablo Ilrm, . and Madison squares, which was con street near Madison street, nnd on tho same street, but nearer tho river or at tho head of Cherry Hill, was Hrooku Rros., ono of the city's leading clothing houses. OnthnrinH street then was tho shopping centre of this hustling town. I'nrW Deportment llenil In Trees to House Owners. Reautlfylng the streets and nvenues of Jueens and at the sanio time increasing tho revenues of tho Pnifc Department In hat liovdUEh nre expected to follow the Aorklng out of a plan which hps Just ocen announced by l'ark Commlnloinr John U. Wcler of that borou(th. Tho plan Is to sell to all applicants trees nt a cost of $5 ench to be planted In front of their property nnd then to lend the assistance of tho expert tree planters of tho dnpirtment to plant tho trees nnd irlvn them the neccsary care to hifciirn their growth. At Foret I'nrl: in Queens Is an exten sive nursery where trues of all varieties haio been nurtured. Special attention has buim given to those varieties that aro uteful In street and park adornment. It has been tho custom of the department horetoforo to give trees to those who ap plied, but then It was n'ccunry for tho re cipient to engngo the services of a nur seryman to plant them. Many times this wais not possible and the Inexperlincu of. avenue th nronerty owner In treo planting often llewcy resulted in tho death of the young tree. I $32,000 for a four slo-y loft bulldlnat nnd The money received for the trees will , Samuel (lather will erect n three noiy be placed III tho general park fund of In-iok shop on the south side of Melrose the borough to help rnrry out Immprovc- strei, e-sst of Hamburg avenue, nt a ments, cost of $ir.,000. opened a small store at tho corner of Canal and Orchard streets. Other big stores came north nnd located, if not on Grand stre-et, In that general neigh borhood, for It fringed tho residential Bcctlon of tlio town of thoso days. Lord d Tayor established a place later at the corner of Grand and Hrondway, figuring that the movement of resi dences would bo to tho west Instead of north. Broadway was the promenade of tho town, which, too, had something sldcrod far up town lit anteoclluni times. Lord & Taylor located at llroadway and Twentieth street, nnd it Is about forty four yen is since the Arnold-Constable llrm tojk the corner of Rroadw.iy and. Ninotoe-nth street for Its plueo of buM ness. Though Lord a Tuylor and others established In tho new centre, tho old places In Onnid and Canal nnd Rroad w.iy were continued, and it Is not more than twelve years since tho Inst of theso was abandoned, So for well on lo half n centurv the blacks biluua leeiith nnd Twenty-third street, TlroiI wiiy u'nJ Sixth nvenue, liavo boon tho home of some of tho largest and llnest depattment stores In the world. How many millions of dollars huvo passed over the counters of theso stores In a year, not to speak of all tho years that they wero there, would startle tho mine of even the man who Is used to handling big sums of money. A year's business In the oid district Would go far In llnntielng the great strugglo now on In Kttrvpc A dozen years ngo no one was rash enough to thiifk that this district of Ilii" buildings and stores would ever be, anything hut what -It wns, tho most Valuable re.al estate zone in tho city, the zenith of eery store keeper's am bition. It II Miuy & Co. wero the first to desert the old district. They left Four teenth street for Greeley Square, an un warranted ihnuge many thought at the i time, a move which business men whin. I pered would lv the ruin of the llrm. nut the .Mary firm raw the turn in tne tide lorg before It arrived nnd planned to bo out of tho old section when It came Henjnmlu Altman, however, was the llrst to move to Fifth avenue. This move was considered even moro rash than Mocy's. for tho reason thut Fifth avenue wn a residential thoroughfare and not suited for retail trade. Mr. Altman saw tho future Fifth nvonuo ns a bustling business street and h did not hesitate to nay so and backed , up his convictions by purchasing tho i block on the east side of tho avenue from Thirty-fourth to Thirty-fifth ftreet us a site for his store. He paid more money for tho property than had ever been paid before for a store building site-. Mr. Altman said tha' it might bo some years In coming, but Fifth avenue was the next shop ping centre of New York. Altman had no need of leaving Sixth nvenue at the) time In did, for ho was doing u tiemen dous trade. Mr. Altman paid many millions for n site on Fifth avenue. Kvery one can hee to-day that this shrewd business man knew what he wus doiiK for Fifth nvenuu to-day is not only, the greatest shopping strict In New York, but Is j.ald to lead all others In the world. Tin Altmnn store is assessed tills year at $11, 450.000, which Is only a few mlll Irn shot of the valuation placed on the Gr.ai.d Central Station, the most nlu nble structure In tho city, according to the Tax Department. McCreery's were the next lo leave for the new shopping centre They lo.oitod on Thirty-fourth street, in ir Fiftli avenue. After that i w.i o.ie Hrr.i after another- S.ern llro.. Lord Taylor. Vantlne, and now Ainoltl-Conxlalile. of the big stores that used M be near the Twenty-third streel ("hopping zone. What the move from the old district i the new means In dollars Is hard to measure. The tax books, which are about the only means nvalluble for oven ap proximating the loss to one district and the gain to unother by the shifting of the department store district, show that property allies this year In the old dis trict are $3,000,000 less than last, year, while the new district hns Increased $13,000,000. The loss of value In tho last half dozen years In Hio old zone Is enor mous. The Increase In the new zone Is ellrectly duo to 'big department stores locating there. Hnd Altmnn. Lord Taylor, McCrccry, Glmbtls, Mucy's, Saks, Stern llros. and others located elsewhere there would not hnvo been so much building In That district. Dwellings are cither coming down to malte way for business buildings or ore bidng altered for trade purposes. Whnt tho big .itores liave meant to the now zono may be gained by the fact that the city values these establishments at $31 -(178,000.. The Altman ntnro heads the list as the most value. It is assessed this year at $1 1,150,000; Lord & Taylor is next, with a valuation nf $7,730,000 GlinbelH, $7,000,000; Mney's, $6,800,000. McCroery, $3.S0O,000, Saks, $3,000,000 Arnold-tVmstable, $2,530,000; Ronwit. Teller ,t Co., $2,050,000; Franklin Simon & Co., $1,318,000, and Vantlne Co., $S7C,u00. HOME BUILDING IN QUEENS. nntldrrs Aelvr In Man? heetloaa I'rovhlluK Unfiling. The cost of building operations !n Queens last week was $2?7.O00, which Is equal to tho operations for the same period of 1313. In the applications pre sented to tli building bureau were 6J new buildings. In the Wogdlmven and Hldowood sec tions there nro to bo erected many stores nnd tenements. The T. R. Construction Company will erect three story buildings with stores on the gtound floor and apartments nbove on Rldgcwood avenue, west of Ferry street, Woodhaven. Joseph Mecrroso will commence nil Important development on Forest avenue, south of Madison street, IlidKCWOOti, in ine erec tion of stores and tenements, and In the Jamaica section Daniel Orege Will erect two story brick stores and tenomcnts on Henry street, near South street. F.ach is to cost $0,000. The American Hard Rubber Company of Collego Point, which several weeks ago took out the first permits for dwell ings to be erected for the occupancy of the company's employees, has taken out permits for additional dwellings. They will be nlso rnr tne occupancy or tneir employees. These dwellings will be two stories, of btlek, and will cost $4,000 each. They will be on Third avenue, west of Fifth street. O. Mlllnn will commence tho erection of n number nf one atory frame bun galowN on Undine avenue, south of the boulevard. Rockawny Reach, at a cost of $600 each. This Is the third bumralow development to bo started In tho Rock aways this month. REALTY MEN SHOW CITY HOW TO SAVE EXPENSES Make Siip'ffestions for Ueducinp; Some Snliiries ami Elim iniitiiis: Others. Italian Villa at White Plains Sold to Brooklyn Man---Formerly a Barn in Fine Development's Path li ;i i .'la of W'l!lti-i! N'ell Smith ti -t W'li'e I"- u , nt the 0.1K ii'i. :e, list week, SeV . -i i l.i. SciuMalo Hstates . Li. M'n,- wh.'h was prictlcally " mile' protect the northerly i ib. one of their choice ,' i.,..nPj The employed Will-I mi.i'i to reiniKii I the structure, , I jm'Hi be'iiine so attached to the I ' -.i Ii" pirchnKcd tl prior lo Its I Hi eliminated the objections 1 1 conlilcnible 'line nnd i 'i -Ling out his own ideas, ' ' ivi-e u distinctively foreign III 'm. v illi the red ll'lteil tile char ' or Italian, Spanish, Mexican I'f'irn.aii uiehtteetiire ll has n t r .en nc.d fountain and c om- 1 ' nn unusually linn view of to sur f'Ui ''ne country. A deep fence sin r'Ut. la ii, ouiiiiiiMiliiiT In an old gate ( 'HV ThprA 1 u umiltMif Mini lie III the feid, nnd nil around tho lesldences lire Urturctriiie cednrs of Lebanon, Thu home Is 011 OnO-thlrd Of an ncre or groiin j, , nun llie purcnasei HI iiraur . nriitun i ine imnna'c inr 11 I'CIIUH nniu - has n gar.igo and hns been hold at II?,- of HrooUljn, who ha-- been occupying buying It. fi ll row, ll ' l If the Hoard of Kstlmato and Ap portionment acts on tho puggestlons of the Heal Estate Hoard of New York in maklw? up the budget for next year thero will 1k a gonulno saving to tax payers, for tho Heal Kstnto Hoard has gone through tho various city olllce.i most minutely and has demonstrated to tho Hoard of Kstlmato that thero nre many places where considerable BavlngB can be made. ThoFO suggestions nre being Incorporated in reports made to a sub-oommitteo of tho Hoard of Kstl mato which Is holding dally hearings on the de-mands of department heads for funds for the next year. In Its demnnds for less llbernl appro nriatlons for departmental salaries tho Heal Kstate Hoard has based most of Its claims on rompirlsons with salaries paid to men in commercial houses. It htm been found, for instance, that thero arc great numbers of clerks In all do partmenlti w,ho receive salaries of $2,000 and upward who do work no more dim. cult than that for which clerks in com mercial houses ore paid lower salarlea. The report of the Ileal Kstato Hoard Indicates that tho city Is greatly ovcr suppltcd with such employees. Complaint b made against tho County Clerk's office thnt It closes generally at 2 o'clock nnd at lli on Saturdays. Tho board suggests that If tho methods In vnguo In the Comptroller's ofllco and many o'.her city departments whereby employees are liept teadly at work front 'J to 5 wero applied to county olllces there could euslly bo it reduc tion of 30 per cent. In tho number of employees. All couiny clorks except the County Clerk of Itlchmnnd Hsk for a counsel, Tho realty boards nys this must bo n purely honorary olllte, und tho imlnrhH paid ore u clear waste of public money. The County Clerk should bo competent to perform the duties of his oilier with out outside iidvlco when It Is remem bered that he receives from $3,000 n year in Klchmnnd, where ho Ihih no counsel, to Jlu.ooo n year In Manhattan The Heal KHtatn Hoard has made a kick against the salary of the attendant to the Appellate Division of tho Su preme Court, who besides receiving Jl.fOO in eslary works live days a week unci grots ahout threo months vacation. Tltay say a policeman after sover.al years receives only $1,100 and he does not have the cinch Job the court attendant has. Tho board also objects to a crier and assistant crier to tho court, claiming that the presiding Judge can be his own crier In tho In terest of economy. Objection also is made to the salaried paid Supreme Court library employees, and tho board wants to know why there should be court librarians nnyhow, when each Judge Is given a personal clerk to do his work. Coroners the Ileal Kstato Hoard wants abolished anil asks tho Hoard of Kstlmato to have the Legislature scratch them off the rlty payroll. Dis trict Attorneys' olllces In nil boroughs are places where the Ileal Kstate Hoard would prune. Cnmplnint Is made against the growing number of assistants nnd deputies at nl.trles rnnging from $-,00C to $S,000, It Is said that prices pnlcT them are entirely out of proportion t( the valuo of their services In man; cases. Tne budget commlttre of the Hoard of estimate Is asked to look closely at the demand of the Street Cleaning De partment to see thnt drivers who re ceive $17.30 do not get more and that costly experiment In street cleaning are not tried nt a time when economy Is essential. Of the Law Department the same criticism is matt as of most other departments, that tlio city pays more for services than Is paid for sim ilar fervlees In e-omnicrelnl life. Com plalrjt Is made of tho large number of assistants nnd tho budget committee H nsked to have tho Corporation Counsel show tho need of them. "While tho Heal Kstate Hoard chal lenges the Surrogates' Courts on the high salaries paid to most employees for purely routine work. It makes spe cial mention of tho ofllce of chief clerk In tho Surrogate's ofllco In Hrooklyn, which curries a salary of $?,000 a year with It TIiIb U ono Job at a sulary thut tne real estate people cannot fee nt all, nnd they wRnt to know why a Hurrofciito's clerk should receive such nn amount when the Secretary of State lit Now York gets only $il,000, as docs tho State Treiifiirer and the Comptroller of tho Currctu y Chief clerks In the Department of Stato nt Washington Ijiw Department, Treanury Department nnd Department of Agriculture rccelvo $3,000, 1,000, 11,000 nnd $3,000 respec tively, and many Onvernnrs of States take down $3,500 or even less a year In salaries. These nro only u few of the places wlicro the Ileal Kstnto Hoard wants tho city fathers to use tho pruning knife, They aro bupy every day show ing tho budget committee plenty more Jobs thnt they think could ho dispensed with without hurting the clty'H husl iipsb, or at lenit tho salaries could t rt-rtuo.fl. REALTY CONVENTION HERE. I'p-Mntc Itenltj .Men to Hold Tin liny Session, New York rlt is to have its first real estate convention on tho lGth and lTth nt the Hotel Astor. Members of the Heal Kstntu Association of the Slnto of New York to the number of 200 will e'oiiie to the metropolis from such up-State cities ns Huffnlo, Albany, Hochester, Syracuse, t'tlca, Watertown and Ogdeiishurg und with the real estate nu n of New York cltv will get toyettvr in whnt should be one of the mtst Important gatherings of real estntn men ever held. The New Vork Heal K-tate Hoard and the Merchants Afsoclahon of New York city Ii.imi already signified their Intention of coop' rating with tho local membcis In New York cltv of the New York State lleol Kstato Asjoelntloi to make the con entlnii the moHt notable ono In tho his tory of the organization. Thu (list day's session will be devoted to registration, the reading of reports o" various committee and discissions ol topics of luteiest to the teal estate men ol New York city. Chief among these la tht proposed bill for the licensing of real fl.it" lookeis throughout tho State. Dn the second day of the convention papers will bo read on technical subjects and In the eienlng the convention will end with the nnniial 1niniiet. 1'iisldciit Sliallcross of the National Association of Heal FMato Kxchanges, tho preside til of the Boston Ileal Kstate T change. President Mcllulre nf the New York Heal Kstato Hoard nml represents tlvis of the Merchants Association and the city government are oxpe-cted to bn among tho speakers. LIQUOR MEN MAY GET CHURCH. II I at lor I nloii I'reili) lerliin nt l.ex. Aii, nml Ntltli SI, .Vliiy He Accepted. The First Union Preshyterlan Church, nt the northwest corner of Lexington ave nue and IClKhty-slxth Btreet, which Is for sile, may be acquired by onu of the big brewing companies as a site for a hotel nnd cafe. An express station Is to bo at that corner on the Lexington nvenue sub way and from closo study of conditions along tho line the br wery compniles hnvo concluded that the site of Union Church will be tho best on the route. For thnt reason hU offers have been mnde for the edillce. which slnco tunnel, ling under the nvenue began has not been any too safe. A year ngo cracks i ere noticed In the tower and aubway build ers hnd to Mop irk until they wero re paired. Tho church will not bo sold -llnunr men If trnsonablo offers from others nro obtained, TO WINTKK IN Till". Ctir.VTHY. From the repnru received of tho In creased number of families. Intending to Rive up their city Iiousoh nnd lite nt Hilghtw ill -s nil the year It Is to le Judged thut this wlntir the colony will fully double last winter's icsldtnts In number. This Is In line with tho economy people seem to Iki alert to Just now bv krpplng their country houtea open Instead of their city homes.