The New York Times from New York, New York • Page 122

18 RE THE NEW YORK TIMES. BUND AY, JUNE 2D. 1019. LATEST DEALINGS 111 THE REALTY FIELD 2,000,000 Lease on Fifth Ave-I raw Involve the Erection of New Building .1 OLD BREVOORT MANSION SOLD Residence In Cast Seventy-fourth i Street, Held at $100,000, Sold for At an aggregate rental of over Dobbs A hatter. have leased the property at 1S Fifth Avenue and 2 Wert Fiftieth Street A modem six -story and basement bunding will be erected at 818.

McKlm, Head A White are the architect, and the front of the new atructure will follow the lines of the building designed by them at 620. The construction will be ef marble and terra ootta In contrasting Colore. Ift connection with their present location at 820 Fifth Avenue, the new premises will give to Dobbs A Co. fifty feet frontage on the avenue. In the exclusive ehopplng district, a depth of 123 -feet.

In addition there will be an 60 by 25 feet running to an entrance at Wert Fiftieth Street, where A Co. will occupy two floors. Dobbs Co. opened their lower Fifth -Avenue shop at 242. near Twenty-eighth Street, about tan year ago, removing tiext door, 244 Fifth Avenue, after five year.

The growing demand of baa). ee dictated toe addition of an uptown hop, and in May. lfllg. the entire bufld-iner a 630 Fifth Avenue, waa leaned ror twentymo, j-ear. William Irvine Ed-Warde negotiated the lease.

it 'Bnnwt scansion Bald. "vi The old Brevoort mansion at 2 Fifth Avenue, northwest comer of Ninth Btreet. has chanced bands for the sec-, ond Ume In its history In a transaction hegotlated by Worthlngton Whltehouse. Inc. The manor house Itself, now the homo of Charles de Rham.

on a plot WJ feet on Fifth Avenue and 126 feet West Ninth- Street, with garage. The entire property sold also Includes the dwelling 6, T. and 9 West Ninth Street. Siring a total frontage of 230 feet on Ninth Street. The buyer la George F.

Baker, Vice President of the First National Bank. JThe house, flrrt of the early homes on Fifth Avenue, was built about 1834 by Henry Brevoort, who waa Mrs. Baker's erreat-arandfather. and It will now revert to his direct descendants In the fifth feneration. Henry de Rham acquired the property from Henry Brevoort in 1830, and It has been occupied continuously since that time by the de Rham family.

j. 8100,009 Besldeaee Sold. Jennie Seholle sold the five-story American-basement dwelling, on lot 20 by 02.2, at 48 East Seventy-fourth Street, held at 1100,000.. to a client of William B. May Co.

50,000 Sale the Heights. Btudor Court, six-story elevator apartment house, occupying plot 100 by 100 on the northeast corner of 176th Street. and St. Nicholas Avenoe. has been sold by A- Brown to A.

Green- baura. The property was held at 000. It was an all-cash transaction, negotiated by H. J. Rogers.

7. Brewa Bella Heights Holding. Frederick Brown, through Butler. Baldwin st sold the two five-story apartment houses at 44 and 48 Pine hurst Avenue. In part payment the' buyer nve five-story flat, 2T brilO.

at 23 and S3 Arden Street. Louis 8. Marx the broker. fptowa AparUneats Sold. The A.

R. T. Holding Company sold a fire-story apartment boose. 00 by 130, Academy Street, adjacent to renting for $0,000 and held at g2.O0O. through Thomas J.

O'Reilly. Margaret D. Aehenbach sold to the Union Chemical Glassware Company 476 West 141st Street, southeast corner of Amsterdam Avenue, a seven-story elevator apartment house, with five stores. S3 by loo. renting- for 814.000 and held at 1110,000.

Beesn Bays la' Greenwich' VUlae-e. John Philip Sousa, recently bandniMter fn the United States Navy, bought the three-story and basement brick dwelling, on a lot 22 by 87. at SO Washington Place, from Ellen Weldon of WestlHo-boken. N. through Pepe 8.

Broner. He will remodel the house Into apart-xnenta and will Install an elevator. bwtwi Sale. The Jacob New Realty Company sold the fire-story and basement build In, a lot by 54.6 Irregular, at 21 to 27 New Chamber! Street, to Economou Riteoa, wholesale grocer a. for their own occupancy.

Clifford Aaron waa the Broker: Silverman, attorney, represented the seller, and Emanuel Cellar the purchaser. Federal fteserve Bank Increases BaUdlag -By the purchase of the four-story and basement building at 21 Liberty Street the Federal Reserve Bank obtained possession of the entire block bounded by Maiden Lane, Kaasau. William, and Liberty Streets, with the exception of the Montauk Building, which occopiea the William Street rentage. This latter Property was bought while the block waa being accumulated by: the Broadway-John Street Realty Company. The property lust amutraii i uuiu I the brokerage firm of Horace 8.

Ely na waa aoia try Funl R. o. Ely and another for 1200.000. Crntkakaak Kaselss Farehasa. K- Crulkshank purchased from Ida Rubra the mtnlua li.

tit mtm 1 T'vmt, I Ilia iura velt waa the brok-v. Mr. Crulkshank tramed lately resold the property to an Investor. FHvaaa XHreUla for Emanuel me iour Jftby m.2. at 171 West fieventy-slxth 00 to -mall apart- attomM, "vrwwiea una pur.

tT' l.f: icted for the WokeV. WUrora AroB was the The Breex Market. Jtorr Jepson sold the two-story ad wTL two-family dwelling- on sot 23 by 100. at Uio xr- Jrtck apartment, on lot 25 by 80, at 2.4So uughefe Avenue. The twofanMly dwenjngv joi 2 bw 100.

at 800 Irvine Street was sold to a Mr. Jackson through Samuel Cowen. J. C. Hough 4 Co, sold to the Paradise Realty Company 2.S16 Grand Conoourse, a five-story apartment house held at 175,000, J- Brooklyn.

Win lam sold for Edward Brill three apartment hoasea located at U1S. 1.117, and 1,11 Avena Q. a King's Highway buBtneaa section on a plot 71 by 100. to Felnberg for In-vestment. This property was held by the seller at 13,000.

The same brokers have also sold a two-family dwelling located 240 feet south of Avenue TJ, on the east side of East Ninth Street, for Teresa Prislageno to Morrla Elm an for occupancy. Tha Crescent Hill Improvement Company sold the northwest corner of Colonial Road and Eighty-first Street. Brooklyn. 100.4 by 100, to Senior Allan of Manhattan for Immediate improvement. IX O'ConneO.

3tU sold 153 Maple Street, a two-story and cellar dwelling, on a plot 20 by 100. for William Rottger also 183 Mldwood Street. a two-story dwelling, on sv plot 20 by 100, to J. Thompson. The Rowell Building Company sold a three-etory American-basement dwelling at 644 St.

Mark's Avenue to a client of Bulkley Jb Horton for occupancy. Slgmund Wechsler bought the plot. 100 by 160, at the southwest, corner of Eightieth Street and Twentieth Avenue, through Morrlsey A Brandsteln. The Alco Building Company sold the three one-family, semi-detached brick dwellings 2.003. and 2,003 SUty-Hfth Street houses) to Joseph Joftea and.

2,139 Slxty-sUth Street. to Lydla Rosa, the present The Realty Trust negotiated tha sale, and also acted as broker in the sale of the brick dwelling at 8,006 Tenth Avenue for the Artee Realty Corporation to. Ida lie-Loughlln. the tenant. A.

E. Angua sold tha three-story brick lot 20 by 100, at 89 Waver- ly Avenue, to aa investing client oi the Bulkley sc Horton Bthef 8. Potter sold the two oar-story brick eight-family houses at 183 and 190 Eighth Street, to Jacob Blum through f. Pauter. The -Miller Berg Construction Corporation sold front plana the two-story dwelling, with garage, on plot 45 by 100, on the east of East Twenty-third 180 feet south of Avenue to Richard R.

Rudlnger, through Samuel GaliUka A J. Lacov. Sarah Mazao sold the four-story and basement dwelling at 08 Willow Street, southwest corner of Orange Street, to C. M. Kinney through Howard C.

Pyle Co. Qan Baraagh Sales, A. Can tore sold In Astoria 401 and 403 Broadway, two three-story brick houses, for Bender A Benderharth to V. Guldo also. 802 Hoyt Avenue, a two-family house, tor Mrs.

Lelnlglger to G. Demartlne. Ruff in A. Smith sold a plot, 60 by 100 on the northeast corner of Twenty-I nth Street and Depot Lane, to Oorge S. Dougherty through J.

Albert Johntrs. Beroagh of Rich mend. Peter T. Nelson, sold a dwelling at the corner of Broadway and Franklin Street, West New Brighton, to E. It.

O'Reilly through W. 8. E. Hall Mary A. McKeever sold a plot on Mada Avenue, Weat New Brighton, to E.

E. Pcttberg through Cornelius G. Kolff. Westchester County. Marietta V.

Hunt sold her estate on Douglas Road. Chappaq.ua, consisting of ten acres and a residence, held at 000, to Susan E. Hall through Prlnos Ripley. Louise Togllo sold her dwelling, on a two-acre plot, on North Broadway, Whlto Plains, through the Robert E. Farley Organisation.

Mrs. Lois H. Pfelffer sold her home In the Heathcote tract, Scaradale, N. to Charles El Herrmann. Tha property waa held at Ssfi.000.

W. J. Reed negotiated the sale. The Scandals estates. Robert E.

Farley. President, has sold a clot on Wal worth Avenue, In the Gree nacres section Ot Scaradale. N. to Ralph E. Dings.

Mew Jersey Salea. Edwin S. Prleth sold his dwelling, on a plot 75 by- 150. with a three-machine garage, at 473 Ridge Street. Newark, to Joseph Wledemeyer through Feist A 1st, Inc.

Henry Mcllravy bought the brick house at the corner of Woods Ida and Glen dale Roads, Madison, through AUabougb Son. The residence of John H. 8toddard an Booth Avenue, Englewood. waa sold to a client of H. Weitherbr A Co.

Tti. same brokers sold the former residence oi Ord Preston, on Cheitnut Street, lungiewooo. to iutam Uoodman. The Cordelias M. Crane aetata sold a vacant lot.

60 by 125. at 144 and tit Ridge Street, Newark, to Phllis Walsh. wno win rnimemaieiy Derm tne erection of a dwelling. Felat A Feist. Inc.

ne gotiated the sals. Kittle R. Hanklnaon sold her bouse on Central Avenue. Leonia, to J. J.

Blanchard through Bowles A Co. Alexander O. Mitchell purchased from Graham B. McGregor the two-etory dwelling-, on a plot 27 by 100, 24 Chest nut street, souui oi ttroaa street, xsew- ark. Louie Schlealnger, vaa the Droaer in tne tranaacuon.

S. S. Walatrum-Oordon A Formal, anld for Mrs. Mars-aret C- Buckley to J. G.

Garrntson ot Uackensack, N. the aweuing liberty street, it lag wood. IX. J. F.

M. Crawler A Broa. aold for tmli o. riingstag nis residence on tha eaa. side of Mountain to Major Arthur 8.

Lurla. Tha nrooertv has a frontage of 111 feet on Upper Mountain Avenue and extends to a depth ot over 200 feet The same brokers also sold for David B. Mills, the reatdanm at 111 Oarewill Avenue, Montclatr. Fmnklln B. Wllaoiu Theproperty hae a frontage of 100 feat on Clare will Avenue.

Oliver W. Hoi ton purchased from Johv r. Tlerney the 46tate known as Twin Brook Farm, at Mlddletown. N. held at 5100,000.

John D. Miner negotiated tne saie. FIRST IN QUEEHS. sa ssssa Metropolitan' Life Controller Ex plains Reasons for Change' In Policy. The recent loan ot $500,000 made by the Metropolitan Life Insurance Com pany to the Queensboro Corporation is the first the Metropolitan has made for the building- of walk-up apartment housea, heretofore having confined It loans to apartment and residential structures of monumental also.

Walter Stabler, controller of tha pany, yesterday praised the work the yueensDoro Edward McDougalL President, has dona. an1 toid in definite terms why tha corpora tion should have such substantial sup port as the Metropolitan baa given, We accepted the Queensboro application for a loan of S300.000." said ur. Stabler, because of the excellent work rifWieh bV tVltar esWTMht tea wwas a as aaw Siri provement and upbuilding of the Jack- nninw apartment nouse section in Queens; also because the property is within twenty-two minutes, of the Grand Ofltral mtmtinn via tfc w.w Lua- nel service to the Twenty-fifth Street station of tha Corona f' K-. this facility eventually la to be extended to Times Souare. with aditinn.i transit upon the operation this year of the B.

R. T. In Seventh Avenue, thence vs ciity-mnui eireei ana tne new Sixtieth Street tunnel to the Union Station wo vweoiuorg s'lasa. imoflr Athr tr miw con trol exercised by the Queensboro Cor-poratlon over about 100 city blocks In the Immediate vicinity of the new operation, its aelertlnn nf an m11. .1...

of tet.anU and the tact that the rentals cnsriTO are comparauveiy reasonable. In addition our loan represents only a reasonaoie percentage of the present completed, and probably can be replaced. Uj deemed advisable. In a larger amount whaa th loan market eaaea-up bite HOLIES FOR FIFTEEN HUNDRED FABKLIES Building Booin Predicted in the Bronx, Where Official Reports Show That for First Six -Months -of the Present yearlHas More Than Doubled Total Record of; 1918 In anticipation "of "the approaching building boom real estate men and apartment builders In the Borouch of the Bronx are making a close, advanced study of the available bpportultlea along the line of the White Plains Avenue elevated extension to within a few blocks of Mount Vernon. v- This Is an eventuality to have been ex pected' aa the earliest demand for lots.

under: the existing housing conditions, will be for those of moderate value. In order to offset the present high con struction costs, which it la conceded will not be reduced to lower, levels for some years to come. In January of tha present year, at a time when, except to the extreme op timist; seemed hut little proba bility of an early resumption, of building activity anywhere, Eugene H. Ro-senouest, former President of the Bronx Board of expressed the positive opinion that before the Summer well tinder way. there would be an unmistakable and strong' revival of bund ing activities in the" Borough of the Bronx, the building homes, especially In the territory adjacent to the bor ough's new'treneit routes.

Any such predict! on a to the 1919 butldlns; construction outlook seemed groundless, especially In view of the fact that daring the whole of the year Just dosed. 1818. the aura total of the coot of all the new bunding for which plans had been filed had amounted ta but aa.eei.800, an almost laslgTiincant figure for the Bronx; However, there waa ay alisht. Indication that somewhat ot a building revival waa on the way. ince, of that I3.ttl.900;.

the plana filed in the flrrt six months had accounted for but S833.430. 'y. A Frepbeey FalflBed. Fulfillment of the January prophecy aa to this early building revival tn. the Bronx Is furnished by an toapectlon of ENGLISH BUILDING MATERIAL eaawaeMaensBssaawat High Prices Hold Up Demand foil 100,000 New Homee.

TJtacusslnr the housing situation ta England and the preaent eosr of. building Alfred Kuttlng of the American Consulate General's office la London. Although there Is an urgent need tor at least 800,000 new housea In Great Britain, no start has been made in building them. Plana have been invited by the Reconstruction from locaW authorities In whose hands the business of erecting the. required dwell lngs haa been placed, and a large.

num ber have been submitted. Such local authorities have been granted power to levy a limited rate In their borourha or districts to meet part of the expense. the remainder being found by the The private builder, however, without aid. finds it ta lropos-athln under nresent conditions to build houses of a class that formerly rented for 40 (say S200) per annum that could now profitably be let at less than 90. (aay 8450).

"It fa estimated that no fewer than 10.000,000.000 bricks will be required, and tha preaent turnout at Peterborough (the largest centre Of the does not exceed 3,500,000 weekly, with 87 out of 100 kilns In operation, Even with 100 VUns working-, the annual output therefrom would -amount only to some 600 millions per The numerous small brickyards throughout the coun try nave fallen Into disuse aunng tne war, owing to the cessation of building and the lack of labor, and their condition, after four years of Idleness, Is such that the former owners would need aid In the form of new capital to make their reopening worth while. The gravity of the position, from the point ot. view. of cost, caa be ganged from tha following" tables of pre-war and present prices of the materials: i- in aa area tn the Midlands of England, In the midst of brickyards and lime and cement works: 'Building Pre-war. 8-men bricks, de- Uvered ea sits, per l.ooo Sts.ei ai.it ton 9Ja S-inck blue bricks, oo ner 1.000..

Sand, ea alte, per 1,4 1.4S l.Xl Timber, per cubic foot 49 l-5w S-U Steel, fixed, per bun- dredwetght S.4SC kf TA0O S.T1 Leed, fixed, per bun- dredwelgbt 8A0O MJ Catling, per S.1S a.70 Plus 53-02 for ceruaa. London quotations higher atm trahsportatloa factor. i. In the Xndoa. even higher: -v Balldlnc materials.

Bricks, per 1.000: First bard i 5J ft ll fi Second hard stocks. 1A4 153 Bath stone, per cable i foot Tiles, per 1,0001 Plain J5J JJ-J? Other JJ 5A1 Cement, best Port- laae, per aia vi s.oiie IJme, per tdn: Red Ancaster Slates, beat Welsh per 1.200.... Iron, common bars. aer ton Lead, sheet, EngUsh, per ton Wood, beet deals, par' LIS a. 61.44 MM eaae ST.ee I05J8 184.83 Although there are reported to be bricks at four yards near Peter-borough.

It stated that there are no railroad cars to trxnxport them the situation there, 'aa in soma other du trtcts. Is that while eonaid arable quantities of bricks exist tha lack ef transport makes them nn available la places where they are required." ir American House) for Norway. Aa American architect, representing a company in Chriatlanla, Korway, in-tends to erect a wooden bouse built of American material at the Korwegian-Amertcaa axpocition la- Oxristlania, Korway. according to the United States Commerce Reports. This exposition Is to be opened next rail.

The architect is desirous of getting in touch with American firms Interested la exhibiting such articlea aa may be necessary for the complete outfit of this bouse, such as furniture for hall, smoking room, dining room, parlor. two bathroom, four bedrooms, kitchen, and pantry. It is also his Intention to exhibit laundry machinery, lighting fixtures, electrical appliances for domestic -uses, pneumatic cleaners, parquet floors. Ac. Another part of this exhibit will be devoted to bank fixtures, vault work, office r- The srch ewe eeu-ieg orwag esvJuiw.

A BEING BUILT IN BOROUGH OF THE BRONX the records of the Building Bureau of the borough, which shows that in the five poonths ended May 21. 161 plans ware filed for 21 new structures, at total eitlmated coita amounting to 739.790. while from June 1 to 20 there were filed 43 additional sets of plana, hearing cost estimates of bringing; the grand total of costs to 794.690 for the period between Jan. 1 and June 20. 1919, Dearly twice aa much aa waa Involved In new building during the entire year 1918.

Moreover, a study of the numbers of plane filed demonstrated a steady monthly increase in volume 10 in January, for 8134.940; 19 tn February, for 5348.000; 21 in March, for 1333.850; 68 In April, for 82.154,550; 53 In May. for 81.798.050, and 43 between June 1 and June 20, for 12.054.900, Aa to tha types of buildings concerned, the plana for apartments far outnumbered the plana for other structures, as bad also been, forecast the of the dwellings approximating 84,000,000 of the grand total of 41794.69a: Th housea concerned are planned to accommodate 1.454 famillea. while the one two, and three-f amllx housea wUl. take care, of 97 famillea. making for new bowsing for a total of 1551 families bow.

under way In the Centres ef AetiTtry. The centre of this bnfldlnsr efttvf ty. aa waa forecast, la In the West Bronx section, along the entire stretch ef the Grand Concourse aodTTalrereUr Avaaae. and the high-class residential territory aerved by the Jerome' Avenue subway extension, Over 52.500.000 la involved tn the apartments and dwellings under way in this part of the Bronx, Alone the White Plains Avenoe sub way extension, there la also notable building activity, especially la tha erec BUYING FOR -t i RecordPrice Paid for i Demands of South of The buying-for-occupancy "movement in and adjacent to the financial district haa just commenced to be realised and its momentum la gaining dally. Several Important traneactlone were closed last week and several Involving close to the seven figure mark are reported pending.

A highly encouraging feature ef the transactions and one that shows beyond a doubt improved realty market conditions Is the fact that a very large majority of them are closed on a strictly cash basia. i tenants are weekly finding out that others have purchased the buildings in which they are located, and these firms then are forced to buy to protect themselves. And so this movement has grown until today those' offices downtown that specialise in the sale and rental of business property find that during a normally quiet period they are deluged with business, and It Is with great difficulty that they are properly able to look out for the heavy demands made upon them by prospective per- chasera. Unusually high prices are being paid for realty la the flnanrlel district, but what Is believed to be a record price for inside lota oa Manhattan Island waa pakl last week by the Merchants Bank of Canada for 88 Wall street, This property waa aold for Post A Flagg by tha Charlee F. Koyea Company for about $500,000.

The area ef the property comprises 1.956 square feet. Including a eeven-etory fairly good building, and assuming this figure to be accurate, tha buyers nave established a record of per square doubtless the Mghert ever paid for inside Iota ta this city for a similar area. The property, which la presently to be abandoned for a new home oa Broad Street by Poet A Flgg. one of the oldest Stock Exchange houses la the city, la In the same block with the Sub-Treasury and Assay Office, and to flanked by the Gallatin National Bank and the Merchants National Bank. rear ue aaooeia aenklns hn- mood As while directly opposite is tin headquArters of Morgan A Co.

Compartaoa. with prevtoua prices re-veala tha new, level for inside lota aa Wall Street, and likewise shows how well It compares with tha high-priced cornera. Drexel A the founders of the present J. Morgan acquired the corner of Broad and Wall Streets la the early seventies for a price which set tip a record of 8348 a square foot, since exceeded only by the former SlUlmaa estate property at Wall Street and Broadway, which brought a price equal to 84 par square Inch, or I378 per square foot, which still Is the Premier nlgh-priced. property In Kew Tork.

Through thaTeale of 80 Wan 'street In laoi waa established a record of I1S0.1S per square foot, the highest for property oa Wall Street east of William Street, The National City Bank bought the eld Custom House oa Wall Street la 1899 at a rate of fl0S.es. and ta 1893 tha piuperty at S3 Wan Street waa aold at tha rata of 85948 par square foot, Post A Flagg recently purchased the property at 40 and 81 Broad Btreet from the Alliance Realty Company. Walter T. Roeec President, for immediate Improvement with a elx-etory building, plana tor Which are being prepared by George B. Poet.

The sale ef 13 Wall Street to the Merchants Bank of Canada makes the fourth sale to Dominion banks In the part few ymara. The first f---Vin bank to purchase waa the Bank of Montreal, which bought the eleven-story building, fifty feet front, at 64-68 Wall Street. Later, through the Koyes Com-peny, they purchased the adjoining plot and Improved ft with a three-etory bunding conforming- architecturally with their main, building. It waa aome years after this tranaae-tloa before aay other an purchaaed 'tis arra. qnanara.

a few tion of private dwellings, about fC3o 000 being Involved In the many structures under way. Nor Is the East Bronx, along the route of the Avenue subway ax-tension, to be overlooked, the sum of 200,000 being Involved la the dwellings being erected there. The following- tabular presentation of the plana for new buildings and alterations filed with the Bronx Building Bureau during the five months ended May tl. provide Interesting testimony aa to tha general character ot tha big building construction revival now under way In the borough i wl, No. ef Ke.

a st. TfTW BTTTtXirrroa. Plena. Bldga, Cost. Brick dwellings, est.

thaa 30.000. 94 51 61M.OO0 Brie tenements. est coat ersr fij.ooo 24 29 2.215.000 Stores, est. cost over Stores. 'eet leas than 115.000 4 4' f.Hon Ofrtee buildings 1 1 nut Maaufactorwa a a workanops II Vt 21100 Pubiie buiMilncs ipleees -of amusment) 1 45j uvt JJaMea ana 4 IfTame aweHinss Jl 10 Other structures 2 1.140 Totals let ALTEBATIOKS.

Brlek 10 Trm Brick tenements 12 Frame tss eta seta Btorae IS Manufactories a a i workanops 24 OlUTTlM a Publlo a Stables and IS Miscellaneous S4 tie S4.T3e.TM je ir 'I' 10 esenn t4.O0 l.ru) suau 22 a it.soo IJ ti.tM see lea. Totals ear eoa rneaa lCAPITUlATI0.w. Kew buildings 11 lie 4.m.Te Alteratkma aer a tisoas Totals Ma 140 as.enjn Deveiepmeal Fellows Old Highways. Aa In the' old days before tha Bronx waa made a part of tha City of 2few OCCUPANCY GAINS STRENGTH IN FINANCIAL DISTRICT Wall Street Propertyhortage of Space to Meet Increasing Business Creates the liveliest Realty Market Section Fulton Street Has Experienced in Twenty Years i 3S WsU Street Sold Last Week for 4 Record Price, months ago the Canadian Bank ef Commerce acquired the Poet Building. ZCx- change Place, Hanover Street, and Beaver Street, aa elght-etory atructure erected about forty years ago.

This bank bad been a tenant ta this building- since It completion. The prop, arty occupies tha entire square bounded by the streets mentioned and Winiam Street, except tha WQ1 lam Street front, which la the home ef the Farmers Loan and Trust Company. The next Canadian bank to purchase waa the Royal Bank of ri4 which, through Messrs. WUUam A. White A Son, bought 68 William Street, northeast corner of Cedar Street, carina- far the mama ever The Royal Bank of Cansda had for many years been aa occupant of the ground noor ta this building and waa etmply acquiring title to space which It had occupied and which came oa the market aa a result of the Insurance Department having taken ever the company which waa In control of the building.

It was the belief ot real estate people generally that tha purchase of the Maiden Lane block for the Federal Reserve Bank would have a tendency to enlarge the district and attract'btnkers further north. While it may have, it baa not relieved the situation, as tha Increased demand for apace by financial institutions and exporters very greatly aaxeeda the Supply. Tiara, probably la axhag Tor by the Art of Annexation in 1333, White Plains Avenue la today the direct roots froca the lower Bronx throuatt Movant Vernon and to White Plains. The thoroughfare of today the 1J highway of the Revolutionary period that runs along the high ridge which formed tha backbone of the East Bronx between the Bronx River and Zocg Island Sound. It is today, as than, the Una ofA least resistance because of the construction of the White Plains Avenue extansioa of the Manhattan and Bronx subway aystem, north froca 177th Street to within a few blocks ef the Mount Vernon city line.

Previous to the Act of Annexation tn 1895 this entire section ef the Bronx was composed ef a number of old-established vUlag-ea. many of which dated back to the early ftfUee Among these were OUavfOe Ke. 1. which occupied the are north ef Caa H1H Road, or 210th Street, along White Plains Road, and OllnvlUe Ka. 2.

south of the Gun II IU Road, between White Plains Road and the Bronx River. Is this same general sertloa an early settlement was formed by the Swiss lace-makers. Who came to this country and organised the Associated Lsvoe makers Company, by whom Bronx vood Park, between Burke Avenue and East 211th 8 tree, waa developed. One at the largest ee these many vU-taga settlements was Wakefield, which eswaplsa the arse, se Ma asdae eg Wklu PUlas Read, west of the Brenx PJvtr, and east to Barnes A venae, froca asset iHtk te saeuh Street, Mertk eg this point, JackswrrCle, one of the eararr settlement, ran froca 23th te 238th Street. along- White Stains Read.

North of Jacksonville, and extending to the Mount Vernon city line, west of the White Fleina Road, was the old settle ment knowa aa Washington nil e. Edcnwald lay east ot the White Plains MOVEMENT Wall Street between Broadway aad Win-lam Street that caa be purchased at the preaent time a( aay price. Discussing the buying; movement yesterday. Charles T. Koyea amid: We were la.

a real estate boom downtown for months before the pubUe i realised It. aad for the first time la my recollection we were wall advanced In (his upward active tnarket before the "Peculators came la. It wUl always be a mystery to me aa to how it happened that, the operators simply did not or would not see the trend of downtown conditions until the movement had advanced to such a decree that It rt a scramble for property oa the part of tha buying public Tin the old days these operators wanted properties leased for five, tea or even twenty-one years. They favored those buildings with long-term leases and assured income, for theee were the properties that they could resell, but today this condition does not exist. They are not Interested la the property payta a per cenc.

er OH per wot, or per but, aa keen students of marktt condition, they want preperttoa where the leaeea are expiring wlUUa the year. Conditions have chacged. and the buyUig-for-accupancy- millennia Is undeniably the healthiest, the atrongeet, aad the moat logical movement ta iew town real aetata during- the last decade, and any well-located property where poaaeasloa caa be had la salable, aad these operators wm bny sue properties on a dose Income beala, aad any of the down town real estate efflcee have buyers for then. The demand for ofrioas. "stores, tofts, aad buildings is running- far ahead ef the available supply.

I have seen property sold for 81 1.000 resold at a building purchased for 842,000 resold or gu.ooo: another property bought at S2e.00O, with 51.000 cask equity, resold SBSBBBaiBBaBBBBM CHURCH TO BE RAZED. First Reformed Cplecepsl Hems 614 i for Apartment alta. The First Reformed Egitecepal Chorea, at Madison Avenue aad Flfry-flfu. Street, built In 1878, to be torn down. The Supieui Court haa just ratified the covenant eg sale, large apartment hate! will occupy the comer.

The congregation win retain gnoses si uu the buOdlag until Kovember. It will act abandon the aelgbborbood. A build, lag la the vicinity will be leased, and the activiUee of the pariah wm be reorgaa-laad alone breeder lines thaa at present. The sale of the First Church property will net tha organisation aoene thing ta eaceas ef S900.0OO. Tne pvteclpas-wUl be left unimpaired until It bag been decided Just what kind of a butldlns; win best Ot the needs of the pariah, aad what would be the moil advtnugeous location.

The First Church Is the mother church of -the Reformed Episcopal communion. Its first pastor was tha Right Rev. Georre David Cummins, formerly Assist-aat Bishop of the Protestant Episcopal Diocese ef Kentucky. He waa the leader of the revolt aaainet the High Church tendencies of the Protestant Episcopal Church, Ha waa succeeded ta the rectorship by the Rev. Wallace T.

Sabine, rx rx, afterward Blebop. The Rev. Zr, Charlee Hamilton Coon, XX XX. waa Bishop 8a-bine's successor. He ssrvsd only a few months and then died.

The last rector waa tha Rev. Dr. WTO-lam thjbeee Stevens, who died ta Prance while serving aa a Red Croee fh.risn- Naeeau Point Development. Kaasau rolnt. er Utile Hog Keck, on Peconle Bay.

Long Island, new being ce- ulwpud by Point Dnb Properties, la a scene ef great activity theee days, aad many housea are now being erected there. Some at the recant sales made were A pWt at six aarea te W. JC. Vaaateo, Road, between BayTkee.e Aveaae as! the Mount Vernon city line. Ary tXuir ef e.e c'jtrlrt be IneocnpUte wtlhevt giving doe eoesid-eratkm to the fact that each ar.d aU of these oil daltl fct'k ta tie time when this secUew Weetcheeter.

now the rronx, 1a4 only the aervloe cf the Kew Tork and HerUa Branch ef the Kew York Central Railroad. There were se sbwaye, elevated railvajt, ar trottey liaea at that time. abalUlac aei WbsVe Flaaae Aveaae, Therterrllory that it expect ad wCl be affected first by tha approaching boUd'-ag bsoea la that which is eUrecUy rantlgnoua to the Wkita Plains Avecee xtaloa cf the rubwsy 7tra and aertk ef the Bronx aaa Pehaaa Parkway, with ataOeaa at Peiaan Parkway, AUarteB. Avenue, Burks Art cue. Cua ILUl Read, er 2XMk Street.

XUet 2lth Street. ZArt TZMh Street. 2-eet H34 Street. ZUat 205ih Street, aad East 2i5d ctreec The change froca the White Plains elevated te tha rlginai subway la gaade at tha 177th Street ataiioa, and the Chaage to the Kew TorV Westcbaeter A Boetoa Bead at the JJOth Street ta Uoa. The White riaiae Aveaae connects also with the Second and Third Avenue Manhatlsa.

Xaxiag-taa Avenue subway. Lenox Avenue subway, and the Jerome Aene -1- at Met! Avenue, At Cua X3 Road, upoa the Ooa of the Westchester Avenoe extension, there wTj also be a ncloa statiee oonnecUng wtta the Third Aveaee elevated which has Ms terminus at Bronx Park, sear Bo. 'hero Boulevard. It this ceaabtnaOesj ef high eiUteee and general aaCeOeace ef rapid transit tacllltlae that la responalble for the prevailing opinio that the west big evading boom la tha Hast Bronx ill be ea aeeraged along the Uee ef the White Plaiaa Avenoe elevaud exttcsle ef the Manhertsa Inaraaaea Capital te 4. CO 0.004-2a vrw ef the tacreaee eg the bust-teas of the Key Tork Title and Mart.

at tha sneetlng'head last week not eaty authorised the effrrtrg addiUonal ateck se aa te Increase aha eaprtal aad eerplne ef the reentwtry to" S4.000.0U0. wut alee deemd It advisable te Increase its staff of offlcere, and elected J. KablgtHwat A sots ta st Secretary and Edward M. Muliewawy Aeeietaa TT.es panx for tnaay yvara. tor a bunding purchased tlU.000, aad within a montb is owner spurned a cash nffar rv nm another waa bought for 1100.000 by the name owner, and be declined aa efTer ef 1100.000 cash profit for bis trade.

1 for about ana use willing to accept ILeoo.000 prcnt. I bar Frederick Brewa buy three bwOd-laga. rosea tWa by contract, and have then witnessed twe ef the pur-chasers realise several times the ae-eftt that Mr. Brown secured, aad one of the two efferd more thaa the combined profits en the original sale aad resell. Boave anfalr crtUdam haa been directed toward theee owners ef dewa-towa buildings where rentals were juetj-flably advanced during- Oils last reaOng aeaaon.

This crttlctsca com is largely froca theee trnaata who, whew there was overabundance eg eeTlce apace and wbea conditions were oUffrrfnt, laelstrd very property ea following the tnarket and eeenred every rent and trade ss- uataga ar cooceaaloa that Was poagj. ble. "SUaadly a Kew Tecw CTty was arwwtng ta popuUtloa and cotxarrrial supremacy, more rapidly was It pre-artn- emce nad liases eraerbara far Its buatnees latareaU up to lilt, KaturaSy. under auch rsaaitiraj naay avtldings aewntown did aet aa adequate return up te mt. "hurtaf the rweatyvyeer irln 1 lagto xais Iti.

tbe betirr locaUns dowatasa were take, aver aad lan-fwvad aad today It aa dimealt te ae- real firet-daee 5ooaUen for new dewntows buildlcxx. and. tu. ly. ataoa the deaaaad fee neeaaieepnee eeeeaa the esjpply the ins, rtUa are new d-eaaadln, aad aecurtng rata for their apnea that to gatag te ggaeaytis, afj gjgy pgjv, tarts.

arras Dr. eerea aa A. 42. lax run. f-- Iaier Payae, tw acme te Dr Curtis IL Munrla.

five sera, toiawi rrnce rabrtdga. Alae plots eaT rif vt Meraoa. aad Dr R. n. ortnttaer eg HempeUeju L-H.

If- Peaaeek eg MaaaalttaTaad JeL. B. Flee aad Robert Lew XUeea, HEW IKDUSTRY FOR QUEERS. 8 Wsrehouse Preject Uusthesi With Vlalena ef Oeaaa hfppng. Oceea ablpplag via Xoag aland toantictpat by tmtrtZZZ rnsborougk Warehouse Crxlk et iigthatUs.

which has lnrt-2 far It tbe fori. we nvim Cordage WorkTT tT. Rarenraod aertloa ef iJ wlXnT a tZUI freataga af aoo IT 1. extends back OOfeet to the East River. taare are subetaatiai tory brtck bunding, which tnte which cured Its lease tkreuga Miner Pun "k'W.

eveataally Intends te re-improva the entire property with a trAm-eth warehouse C00 by 500 feet ta area, a eeacrete wharf soo by on, and te dredge the river la rront ef the in order ta New Heme fer Camma Delta, PW Oananaa IWU Fraternity cwatern-Piasra the rttrrroremr.t af tha alta of Jtopreeent buHdlna at S3 aad 84 We Forty feerth Street with cJoo. to co.1 ct Adjotntn, the PU Camroa Delta la the el i Tsl nnw taken ever a ftw yiarg axe by the i.a, TREuD ORGROur" is In Tr Ar.it. TRAFFIC 3 CM KT, Ciwwth ef ft ran 5Vhi, f1. sag Preirlacs 4eea tt: All the OtKeea. Slaea Ce aperiag eg Cbs are PUlag Road rapid treasn ta, b-l WOth Street and SSPa, rcrvn 8.

1IT. Oe tram be taemaal eaaavlatt earVee, fba eawv i- sa Br--eea a--e Sj-i-ogf at SAyaai nwaaTeWan I ta tUCy aaeailed tha removal of the ahvrje aerrie. northern extremity aad Oe eg tbrewg eervlce. Tbaes bnelT eoctlained fcava poiaiad eel fvn entire sectioa brlnwe, The and far a Ion glateae an ee the route la grevriAg rspicy Una aad that Chore In avach bd-tiOty. iraadreds ef are scrwSare up la the rtftaea anentae tin tu'h" was eeered.

aad bwadrsca nf e- rUeiy-d. bat ti3 the I that the service is Pet reed eaevrv curat iavaetors la hemes trv, anmaere, Inquiry ef the ef caa -'V ed ta Cadeetng- that Is Aprl a-eaa. afur the tm. la eaeraOea, the treex. aepn Ce coevrooea rf tte at.ttSe.

smoa. SSXAsT. nd Oat erta vaa la lais It waa WJtS a gala ef -to a tarrllory Hal is Urrely axw durtaa; the twelve xonatba fma am as.i, aaa iam grgwca Is the snecas' twelr- are shewn. Vaeanber. 1IT.

the tatal tra- tha line was KXtzx aad ta fbe an wtoalh ta Kll it was alxTll: Xavatw xtiT. X3.ers; iia. rrt.au cZZ ti7. sxxaee: ma. SeT.roij t-w U1T.

X10.J41; rijuo. TU ss teniae atlve caeagrea eaastasna I traxrie ta the ewe years clear baA a Apm, 1717. The caamararrea rraree far ZTJ lia. brtwera January aad Aprs, clualva. abew the trafrvs ta be: Jaansn ins, seusa: ins.

tixia. yvvw, 118. SS1.4T7: KUO; hUrck. sa I4Ta; HI. 447044; AprQ, mx 5C 8S3; 191.

asT.erx Use four saoatha frees S-ptsecW Derember. taclnafva. ta Mil, the In trafTie waa XSXCK. aad tke an perled a year later ft was LeC gla IH.ZU. la the fear Been the lacreatve frea im aary ta AprU ta 1418 the total vaa 183,711.

aad daring the ana rlod la Ills It was X4C4LB3X a aa i IA The ngurea aaow. tberCx-, that the gala ta the Last tear rr--Period was mere thaa aocbU the ran i the prwrlona fear eaenUkg perlud. fla-ures destrate the advance ta pe UOoa hrocl.t about by terv, traasponatloa. and 'er the sc t. nmaaim- knee ef the pctuUOm rrtrwirt pt seiatatrre ef the PwnUe C-mis-Jen.

unseaeUaf aa the eta. ties, said yesterday -There la a eieee flgbt bete-Qa aad Ike IVeetg fnr Uc, popUatleas witk tha Utter eta far I the lead, bvt wttk a gaed tiiu 5TeaUy decreaamg the lead abea Braadway subway reeraes Qosea whlck wd bAppea aeaaa time si near fat are. the snear.time there are ky ereaa ef aractlenEy denert land sa haUaa wbacb are riun. meat and the r-iaiiaa tha wu any lnielllevnt effort te erena. bLaey awunre biecXl se Uwer wart alJe VlaxUtUs a.e wire as I mt ii i i i r-v- ratxioeied rwrvclarts a tick as see a Pers te be eufTkieatiy lain-nasi da aaythlae wiih.

Paid by pars ooa Xtviac fca the aeruoa aad the tbeeeaada cf Sr-riZg te pay atmaa4 rente la aa scraaee eaat ibers rt rvU eeute taea awake tnou. i lake ad ran tags ef the "rT'V-s tr-rtgbt and or tbetr TRAFFIC TUK5EL Work ea Maansttgasraey Prtaf Ma AWgia Seaa, CeeygrnrOae, a traXTls tutaej saw erary ctty. snay begia aa aeea as rrtxrtt Signs Ike kO graadag a Taa IUom last week fisrif tU f-lr bC adopted by the aata PrartlcaUy the enty alteration aaaae we Pal tha art at ay mture rnne. Se ator Ed re ef Kew Jeraey. astW at bU.

eaid Lhla i tisn was etrtJ-r aaOaf arbary te tAmm. Aey ennf are-" wtU be pura'y perfuartory aad t3A win be randy for the Fvseiaanrs fw tore waea be rrCurae ta Wsaldnrva AAearaac was onede to the Esuat IWresenutrrg siegej af Krer Tart C-' Krw ark and Kew Jersey wtak bt see- rTeat trafns artrry. Al-aady a at tee rar tn leiii jiMiba. re; air, ail isaiatrtAnre cf lid New tank BaCf.af. S.

W. Ztaraara, baakar. at 77 Street, wTU bund a fear-etery baxk ar4 ecTiee ta reel tlX-Boe. at 1 Detaacey Slrert and SttfTotk formlag aa an asil tne nerxbead corner ef these tLerefarn TV eotrtract for tha Impreevansat. wijciv" displace two teoerneata.

has beaa I ed the Megeba Ceatatrurtiaa Ce; paay. The builsx. aealgasd bf sV Lvvttaa, ta be ef brtrk and stare a servsnUea, osssrtog a rreartage ef 9 en DeUaery Street aal fert ea folk geec Mr. Serene wt3 the grade floor una bis baJAlng b- aene. It ts pUaaed ta have the bv: ready for eoc-vjej-ry by Tea ttorlei tn II -Fert trC A traretory aei---aeaepa4 aJ meet Kense te be erected en ve IMitt at 4 Wart KlseOeta nr.r Crrtral Perk Wart.

enrrc'f pUns pieced ea reterd by tt. T. -teriea, arcUtecC M. A. efcnaa ewaer ef the areterty.

The estiaaA east cf the txajtisasat ta rtca. The imili sli a er Cw War el mtm i tor the eaeuruwetloa else has seas tAlaed..