The New York Times from New York, New York • Page 41

XX: TIIE NEW YOIUC TIMES, SUNDAY, APIUL 23, 1D1G. XX THE REAL' ESTATE WORLD AND SAYING PCMMjS IN ViiyfDiiUiiicsni REALTY FIELD Estate Sells P.I.-tJ Dwelling in Upper Avenue Section. crzr.TY held at $350,000 Cjys Eight Lots en With. HeT.Ms from the Susan r. Ward Estats.

cf tve residential dela of the tea la th crper Fifth Arena centre yterda? In the sale of th basement dwelling 1 4 Seventy-ninth tVtreet for the cf Nlchota to Mlea Catha- X. rvrratrick. It In th famous which Is one of the best rival bom block In the r. rldne oecuplee m. plat ti feet by 102.X adjoining" the P.

reaidenc oa th eouth- cc i.tf cf Fifth Atotim. James B. ew house on tho Seventy corner of the avenue, and r. that Para Whitney's home. hoc waa held at It '1 be remodeled Tor FeO ccu---v.

T-e brokere In the deal were nU and William B. May Bay Met, rrl St Ward. representing; the Saaaa Yjrl eetate and Thomaa A. Dte- t.4v sold to a bulkier a plot of at 401 to 468 Wet 132d Street, Croujh to iZZd Street, be- a A. s-erJim and St.

Nicholas Ave- has atreet frootagee of 100 1 feet respectively, with i about 200 feet. A fa atory 1 dwelling atanda on the 1 end. which wee formerly reaideno. rare Ilelahta ApartsaMt, x-etory apartment houe at COS a Eireet oa plot 46 by 100. has 3 by Louis Schlechter from 3 I' I lirtmio.

It waa held at L. r. Hall waa broker. A few tt'-r Mr. Schlechter bought from ir: ser.er the Fairfield apartment i comer of Fort Wash- Avtaut and 1G34 Street.

BreaJym. :r.i A. Seaver at Co. bare aold two en tie north aide of Bay Ride Ave-t. about 110 feet weat of Third Ave- I.

Tarker to aa Investor. dwelling at 33 Sterling e. by ICO, haa been aold by Henry --n Co. for Joeephina R. Merrick Johnson, Cli.

who recently purchased lots on Weat Thirty-third and Streets, near Mermaid liJaa'. ha9wpcun a cf aiiuta two-family, brick rea. Lana; IalaaaV at Aftorla bare been mad by A. re or C. KnopHer of the three Lous at ZC1 to P.

and the two-family nouae at S53 Avenue for F. Frank to A. rcactor.io. Lewis It. May Company baa aold v.

r. llorto cottar oa a tOtrl'Ooa North West End Ara- I.oliway Iark. to a client, who re In part payment lota at Belle Har-r. Sal at Statea lata ad. J.

Drake haa aoid for the Rer. r.t I'ber of Turtle Creek. i Aba X. Foraaell. plot 40 by.

cj Avenue. Westerlelch. oa rn. vp-to-dat cottac for her owa Farm Eatat 44. c' I Wakemaa farm oa the Shor i Creena Farma.

which haa i ia thia family owaerahia for two 1 one-fcalf centurlea. haa been aold by cf Henry B. Wakeman to Mrs. n. Ilannera.

It containa fifty wiUi a T-na old house, which the eoldiers tried to burn during the The property haa beea held t-W). John Crawford waa the -tr. Newark Sal. I E. Meainger haa aold for Tlenry I ubry le Albert N.

UWdle, lh a-t It at ZS3 to 23T South Street. trark. Jut east of Jefferson Street. A building will be erected. I It 1-3 fcy I Vr ii hare aold for ex-Judaa lea Uck hla residence at 314 Ridge -t, la the Forest EiU section, to t-i 1 11.

Clark. The plot to 100 by EAGER TO USE SUBWAY. Thouaanda Try Closed Entranca In Brokaw Building to Now Llnaa. Sine the opening of the new Brokaw Buildina: la Broadway. Just below Forty' second Street, early in the year, thouaanda of persons hare tried to He the walled -op subway entranca hi the corridor.

The buildina; will hara entrances from the Broadway frontage to the new Broadway and Seventh Avenue lines, now Hearing completion, but the evidence of the stairs, notwithstanding the fact that they end on a boarded-up -floor a few steps below the surface, haa led many persona to believe that a secret passage existed somewhere to the present subway The influx of prospective travelers through the medium of our building en trance." said Howard Brokaw. head of the firm, yesterday; haa been eo great lata In the afternoon and during- the tbeatr rush at night that It haa been necessary to put up a sign telling those who flock into the hallway that thia subway entranca la a year ahead of Urn and will not open until the completion of the lines now under construction." Mr. Brokaw smilingly cited the instance and necessity for the explanatory aign aa an evidence of the great activity in, Times Square and an Indication of Its availability. When thou aanda of persona are eager to us a subway entrance a year ahead of time, he added, some idea of the passenger traffic may be had when the new line are in runninr order. 'vrt H.

Ashforth has leased, the at 1C1 Wert Eighteenth Street V.u:am F. Donnelly to William Nut- i 3. Karanagh haa leased for t.a store at K2 Madison Ave- to P. Coeater. Parous Company haa teased for I.

er A Hon the store at 4: West tlreet to It. M. No eV the store at 145 Weat Twenty-fourth -t for the United Statea Trust Com-y fc Jo.va IL Hutoff. tartrate II erne Keatala. II.

Msrtia haa leased for the r.i:.:: Street Realty Company i' rf al S7 West SI. to Gertrude) DalaelU lIoLthtoti Company baa leased for r.i O. Orr the four-story dwelling st eTentr-alxta Street to llarv 1 Lillian Kupfer. Son hara rented the dweUlna; at 140 West Sixty-r ftreet for Ixuls Jacobs to Otto a J. Karanagh haa leased the r.g at 135 East Seventy-fourth --t for Ieaaor K.

Da VlTier to Harry i ana in bo use at ll-i UK Mreet to Edward. Dodge. Realty Xotesw The Bendheim Cooatructlon Company 4 I V. LKHU1TCIIII Ml. i their offka to 2S0 Madison Ava- cmer ef Fortieth Street.

I Iirowa baa moved hie offices a 1 1 Morrenthan Jr. Company haj 1 tv iln direct. SUBURBAN SALE. Many Properties, In Wettcheater County to Go to Highest Bidder, Aa unusually large auction sale of Westchester County properties is to be held by Bryan Ik Kennelly on Wednes day. April 26.

when ha will offer a num ber of dwellings and estates located In the towns of Rye. Mamaroneck. Larch mont. Pleaaantviile. Port Chaster, White rialna, and the cities of Mount Vernon and Yonkera.

So Insistent has been the demand during the last year for country properties that the offering of such property at special sales la a distinct departure la salesroom proceedings. -The properties to be aold include a trustees' sale to cloee the aetata of Catherine A. Sherman, five and nine- ten the acres of land, with dwelling, on the west aide of Milton Road, at Rye: also at Rye. a fifteen-room modern on the Boston Post Road and Old Post Road a twenty-nine-room dwelling with a garage, outbuildings, on the weat aid of Boston Post Road at Park and Bradford Avenuea, Rye. Two Mount Vernon properties are to be sold, including 43 Rich Avenue, a two-story dwelling; also a plot 23 by 100 In East Third Street; sear Warwick Avenue.

Two Port Chester dwellings are In cluded In the rllat. one a nine-room house and eleven acre In Main Street. oppoeite High Street the other, the two- story dwelling at 23 Park Avenue, near North Regent Street. Yonkera property to be aold comprises the three-story dwelling at IS Elinor Place, near Saratoga Avenue. The three- story alxteea-room house at 24 Mount Pleasant -Avenoe, Is an other of the offerings.

Two bfxertngs st Milt flslrl ttfclude a plot tllS by 81 at Prospect 'Street had Sterling Avenue; also a plot 61S by 281 at Sound View Avenue and New York Avenue. The sale win be held at 14 Vesey REALTY LEGISUTION. Many Bills Pasted In Closing Hours of the Session. Th Real Eatat Board of New York haa issued a aUtement calling the at tention of taxpayers to the more Impor tant bills which have paased th Senate and Assembly, most of them In the clos ing hours of the session and which be com law If Governor VV hitman so electa. It Is suggested that the Governor he written to asking far hla signature to the bills approved by the board In the In teres of the taxpayers of the city, and Wa veto to those opposed by the board.

Several of th measures paased. or the principles underlying them, hare beea urged for the past two years by the board, and war part of Its legislative program adopted in the Fall of 1914 and In December, This applies par ticularly to the Building; Inspection bill, the Torrena Title bill, the bills giving tha Board of Estimate control over th expense of the Court House Board and the Public Service Commission, and the Central Purchase Department bill. Several of tnea were introduced by Senator El on R. Brown, as the result of his committee's Investigation of the city's finances. VINGENT ASTOR'5 NEW BROADWAY APARTMENT NOTEWORTHY ADDITION ON THE WEST SIDE Thirteen-Story Building Just Completed on Long-Vacant Plot Archi- tecture Combines Dignity with Simplicity Its Great Cornice i a Distinctive Feature Interior Court and Garden.

A MONO the noteworthy apartment bouaea nearing completion for thia season's opening Is tha large Astor Court building occupying the block front on tha eaat aide of Broadway between Eighty-ninth and Ninetieth It represents the moat ambitious Improvement of any ot hla properties by Vincent Astor since be came Into possession ot hla large es tate. Mr. Astor has, within the last years, evinced a readiness to improve In aa attractive aa well aa remunerative manner many. of hla realty holdings. Hla model apartment In West Forty- eighth Street Just beyond Eighth Ave nue, opened about a year ago, showed the possibilities of replacing; old-time dwellings by.

aa artiatio multi-family house of email auites at. fairly moderate rates. There Is a demand, for good apartments In that locality, and tha half dosen or mora ot modern structures which have been opened In th block ot Seventh Avenue during th last four or five yeara)hav all found sufficient tenanta and ar In continued demand, i Mr! Astor's Improvement of his por tion of the old Astor House the Vesey Street corner plot typifies in a rather unusual manner hla Idea of commercial With the temptation to build high, he declined to fall under th spell of the sky sera ping mania so prevalent In that Broadway vicinity and was content with a neat seven-story, building which, with Its simple Colonial type of architecture. Is a refreshing and pleasant sight In the downtown centre. Charles A.

Piatt waa the architect of th Astor House building and he was ljT -Nt c-: '1 i Thirteen-Story Astor Court Apartment. Broadway, Eighty-ninth to Ninetieth Street. Charles A. Plstt, Architect. also the designer of the Astor Court I terlala and almpllclty of atyla In thia apartment.

There Is a stability com-1 latest upper Broadway apartment which blned with an effective treatment of ma-1 would give it distinction In th great apartment bouse blocks on Park Avenue, and in genuine architectural dignity It REALTY TRUST MOVES. ii I Developer- of Ziegler Properties Goes to Astor House Building. The offices of the Realty Trust were moved yesterday from the old Realty Trust Building at 60 to 64 Liberty Street. between Broadway and Nassau Street. to the Astor House Building.

217 Broadway. The Liberty Street property waa aold a short time ago by the Ziegler Interests to Barnum at Kverdell. who have had plana filed for a fifteen-story building, and the demolition of the Liberty Street place will begin early In May. The Realty Trust waa Incorporated on April 23, 1800, Just twenty years ago, by the late William Ziegler for the purpose of encouraging home ownership among people of limited means. It had been Is decidedly the superior of many of the I brought to Mr.

Zlegler's attention that Park Avenue houses whose aultea com mand higher, rentals than will be th rase in th wnat aide building. Tha moat characteristic feature about the Astor Court la Its masslv overhanging with its ornamentation of gold and red, making an attractive border to the' customary straight or straight treatment ot the roof Una. The Astor Court Is'' a thirteen-story house fronting 201 'feet on Broadway. whenever real eatate companies who sold homes on the installment plan failed. tha resulting foreclosure proceedings on over-mortgaged holdings wiped out both the savings and th homea of many poor families who had paid In substantial rami.

To remedy this state of affairs Mr. Ziegler conceived the idea of forming a corporation whereby hla own realty 'holdings and those of others similarly Inclined could be held In trust Mr. Ziegler chose for the President of the corporation his nephew. William C. HOMES IN DEMAND IN OLD GREENWICH Great Area Below Washington Square Ready for Rest- dential NEED MODERN APARTMENTS Building Commission Asked to Recognize That Phase of Neigh- boring Conditions.

The large court In the rear la adorned I Demoret. and he attn retains the of fice, to other officers at present are with a fountain in th centre of a formal garden. Tennia courts' will be provided for the tenanta on the vacant Una on the Amsterdam Avenue aide. "The court treatment la suggestive of tha ad mlrabla Interior courts in the Apthorp, on the west side of Broadway at Seventy-eighth and Seventy-ninth Streets, and the Harlem apartment of the As tors, Graham Court, at 116th Street and Seventh Avenue. The Aator Court haa eight living aparttnente on a floor, dlvld ed Into aultea of seven to nine rooms.

In th Immediate vicinity la another of Vincent Astor'a new buildings, the Astor market on the weat side of Broad William 8. Champ. Vice President; Win lam M. Crowe. Treasurer i E.

Oliver Champ, Secretary. During the twenty years since its es tabllahment thia company haa developed and sold homea and home sites repre senting a total Investment of 112.000,000, which Involved the making of 21,790 con tracts. Mr. Ziegler waa the first opera tor to offer free title Insurance policies to purchasers of real estate; th first to abolish Interest chances on the de ferred payments of Installment mort gages, and he waa also the pioneer In granting deeds to the heir of purchasers In case of the letter's death, tha seller satisfying all unpaid mortgages. This Idea was elaborated upon recent ly by the Alco Building Company, a sub sidiary of the Realty Trust when In Its way, between Ninety -fourth and Ninety- I Mapleton Park development In Brooklyn fifth Streets, with Its artistic frlcsa eug- I one-family houses were aold at S5.500, geatlve of old world decorative effecta.

'th fMUra" first and second mortgagee. Mapleton Th market. I ke th big apartment Park. WM purcned ten yeara ago as covera a plot that had long been unlm- I acreage for about $'J per lot Today nnivni anrf both hulldlnca so necessary I It la only 24 minutes from Manhattan In their special field to the convenience with good subway service, and lota are aetllns- at S2.S00 each. Another blr de- of living conditions In the city are not veiopment at Melba-on-Sound, be- only distinct improvements hut decided tween Flushing and Whiteatone.

ornaments to the architecture of the west aide. TORRENS BILL AWAITS GOVERNOR'S SIGNATURE Country Dwellings Leased. Fiah at Marvin have leaaed for Arthur W. Corning hla estate at Rye, N. known as Rockledge, to Irving Blumen thai of thia city.

Peas at EUlmai have leaaed tha Robert Ho estate at Barker's Port Washington, L. to a client for the season. Fell at Tlbbita have leaaed for Mrs. Albert C. McDonald her English stucco house at Barker's Point I to Seton Porter of New York for th season.

L'Eduae. Washburn ft Co. have leased to William F. Morgan ot Boston the C. M.

Field estate at Manhaaaet. De Biota 4 Eldrldge have leaaed for th Reed estate their place In Beilevu Avenue, Newport R- opposite Marble House, to Edward M. radelford of Washington, p. for the coming Sum mer; also for Robert a. Hone, hla cottage on Old Beach Road and Qreenough Place.

Newport R. to Mrs. H. Wln-throp Gray of New York for the coming Fiah A Marvin have leaaed to Lady Duff Gordon for Howard T. Walden his eatat on Brevoort Farm, known as Th Anchorage, at Rye, N.

T. Julia Beverley Illggens haa sublet for William H. Brambleworth, Mount Klaco. to Esra P. Prentice; also, for George Crocker ber place on Broad Brook Road, Mount Klaco, to W.

Barton Baldwin. Burke Stone, has rented for II. A. Glebeihouse. a dwelling in Aubyn Manor, Mount to B.

Hough ton, and for John W. Davis the residence at Centerhlll and High StreeU, Tucka- The compromise bin to amend the real property law with regard to the registration of titles under the Torrena law haa passed both th Sonate and Assembly and la now before the Governor for hla signature. The measure In a general way strikes out from the present law the privilege to withdraw a title once registered, re quire every applicant to contribute to an assurance fund limiting tha recovery to the amount that may be In the assur anee fund, and gives the power to- every Register and County Clerk to appoint official examiners and pay them a salary to be fixed by th County Clerk or Register, the fees earned by the examiners to go to the county In which the titles are registered. The bill continues the present official examiners. John J.

Hopper, Register of the County of New York, who haa been one of th strongest advocatee of th bill, said yesterday: The bill as passed does not contain all ot the amendmenta which I advocated and. which ar necessary to a true Torrena law In order to make It a complete success. The bill la, however, a marked atep In advance and received my aupport There are four things lacking In the present New York law which are found in the lawa of other countries and the adoption of wbloh have urged. These are: First, permanent registration; second, official examination of titles by the public office third. aa adequate assurance fund backed by the State or county; fourth, 'a simple, cheap and speedy procedure, -j, The bill grante th first' item and makea registration permanent by omit' ting tha withdrawal, feature, thus taking away from the title and mortgage companies the opportunity of hurting th law by forcing withdrawals for their own selfish purposes.

On the second point official examl nation of title a compromise waa made. title companies and private examiners may atltl act aa examiners, but an official system is also provided by alio wing, the Register "to appoint an of Octal examiner, with of the court Th tieh VorJ the oTf fcial system are fixed In" the' law another Improvementat $10, plus one-tenth ot 1 per rent of the value of the land registered. Thia fee ia much lower than the title company but will enable the public plant In the Register's Office to be profitably used. The third Itemr-the assurance fund-Is 'partially remedied. The optional payment feature, which made th present assurance fund a nullity.

Is eliminated. Payment Is now compulsory on all who enter the system and the fund covers all tosses, which previously It did not do. The State or county, however, should back up th fund with It treasury. Thia can be aafely done, as loaaea are very rare and the assurance fund Is actually an asset to the community. On the fourth point simple procedure the amendments make no change from the present 4aw.

This Is to be regretted. The simple. and effective Massachusetts which I advocated In the Slmpaon-Cotlllo bin, has received the approval of the Bar Association and of many, leading attorneys ot th city. Th present double proceeding Is unnecessarily cumbersome and expensive, but the correction of this defect must now be deferred until the next session of tha Legislature. All of the four prlnclplea which I have advocated are found In the lawa of Massachusetts and Illinois and of all States and countrlea where th Tori rena law haa been successful.

They hav been Indorsed by th. American Bar Association. They have been approved In their entirety by the Bar Association of the City of New York, the Chamber of Commerce of the "State of New York, the Citlsena Union, the Bureau of Municipal Research, the State League of Building and Loan Associations, and by many local aeociatlona, the Harlem Board of Commerce and the Washington Heights Taxpayers' Association. Although an of these principles have not been incorporated In the union bill which has just passed the Legislature, the widespread interest In the subject and th almost universal demand for a true Torrena law are evidences that such amendmenta aa have not been covered thia year will without doubt be made Into law at the next seaaion of tbe Legislature. In the meantime th amendmenta passed thia year recognise th funda mental principles of the Torrena system and enable the public to make application for the registration of titles directly in the office of th Register.

Immediately upon th approval of these amendmenta by the Governor the Regle- ter'a office of New York County will1 Among the original Ziegler holdings which were placed In the hands of the trust In 1800 were areas In Morris Park. Brooklyn. Jamaica. Flushing. White- stone, and aa far east as Babylon.

L. also In New Jersey at Avenel. Cranford, Englewood, and a tract at Linden. John Sutherland kept hla famous eat- be prepared to receive title registration I Jnr nouM on the English style at 64 Llb-buslness." 'I erty Street for nearly half, a century Professor Alfred O. Reeves.

Chairman mnd Mr. Ziegler bought that building of tha Torrena Law Committee of th from him en Jan. 2. 1HS4. for 13n.ou.

Real Eatate Board of New York, said The other buildings. 60 and 62. Mr. yesterday The Torrena law of New York, which provides for th registration of title to real property, has been amended by the Legislature in ways which bid fair to make It, when approved by the Oovemor, aa it la hoped and believed II will be. tlon In this ler bought from Spencer Traak aa trus tee for the Marquand estate, on Dec.

9, 1SN). for $140,000. come Into quite general operatl State. vjv 'VYhet law. which fs.Stlread ailready operab- Liberty Street Improvement The remaining structural relics of old New York In the block bounded by Broadway, Cedar.

Nassau, and Liberty Streets, four-story brownstone front buildings at 60, 62. and 64 Liberty Street Ing successfully In aeveral of the.Ameii- ftiMy sold through William A. White can States, enables a land owner, by a. gona mnd J. Curry Watson, will be registering his title through a court pro- when the preM.nt leMe, Mpr ceedlng, to avoid tbe necessity ot ex pensive re-examinations when th prop erty ia aubsequently transferred, mort gaged, or otherwise dealt with, and to utilise it aa a much quicker and more liquid aaaet.

May 1, 1916, for the erection of a mod ern office building of fifteen stories. The plot was accumulated by th late William Ziegler, baking powder manu facturer, in 1880 and 18U4. at a total cost of $300,000. Mr. Zlegler's son has The statute, as a highly technical hed the proprty ti.ouo.OOO, and It law and one which has needed and re celved the most painstaking study and care of men working for the benefit of the.

real property owners of this State, cornea forth from the Legislature in a form both constitutional and workable. Capable official examiners are wait ing for the law, as revised and Improved, to be placed on our statute books. It la thoroughly believed that mortgage money la going to be available for titles dealt with by this perfected statute. Real property owners will be quick to recog niae these advantages and the law Is Is reported that an amount close to this figure waa paid by the purchasers. William Henry Barnum and William Everdell, Jr.

Signs on Temporary Brldgee. The Real Estate Board la informed by the Police Department that no further orders will be Issued for the removal of signs on temporary bridges erected over th sidewalk during th construction of buildings until an opinion has been obtained from the Corporation Counsel. Some time ago the attention of the destined to go forward, perhapa alowly board waa called to the fact that pro- but nevertheless certainly, to the great I hlbitory orders were being issued. benefit of tha people of New FIGHT FOR EIGHTY-SIXTH STREET CROSSTOWN LINE By HEXRY BLOCH, Coon 1 to tbe Torkvtlle Association and Real Eatate Owaeta Association. Twelfth and Nineteenth Wsraa, Th fight for the extension of the Elghty-aixth Street croastown Una from Central Park.

West to Broadway ha been well begun. The recent public bearing showed that the demand for the extension la almost universal. Everybody seems to want It except some of th owners of property In West Eighty-sixth Street That th Improvement Is necessary la conclusively evidenced by the fact that th Public Service Com official body, after an Im partial Investigation has repeatedly re quested that th franchise be applied and now urges th extenalon because of complaints retarding tha "delays and hardahlps to passengers due to th present inadequate transit The passenger trafflo on the Eighty- sixth Street line la tremendous: at times two cars are run together to accommodate tbe demand. Th resulting con gestion Is so great that the City Board of Health found It necessary aa a matter of public health and safety to Inter vene to prevent overcrowding. The road carried mors than 12,000,000 passengers In a single year.

Tassengers from the Broadway Subway, the Ninth Avenue elevated road, and from the four sur face lines must walk eaat to take the cars at Eighty-sixth 8treet and Central Park Wast This causes a constant Jam of people and resulting disorder. The Eighty-sixth Street line ends abruptly at Central Park West Instead ot carrying th passengers to the Broad- war subway and to the Ninth Avenue elevated line and to the Columbus and Amsterdam Avenue surface line, per mitting them to transfer north and south. Persons desiring to go to the west side of the city must walk from Central Park Weat to Broadway, a dis tance of almost one-half, mile. (2.346 feet) and must then pay an additional fare to go uptown or downtown. Practically everywhere throughout the loss of time constitute a serious Inconvenience to the well-to-do, but a great hardship and serious Injury to the working man' or woman.

The opposition to the extension comes almost entirely from the owners of the on hundred and twenty-odd houaea on West Eighty-sixth Street most of which are occupied for only part of the year. In their desire to retain the privacy of th atreet they ar trying to stem th tide of progress. The extenalon of the Eighty-sixth Street transverse tracks from Central Park West to Broadway would be most beneficial and desirable, accommodating a multitude of people. It haa at aJl times appeared to me that tho purposes of the wider streets, such as Eighty-sixth Street should be always in th minds of our authorities that they were planned for larger trafflo and uses. Th purchasers of property muat realise that they are buying on a trafflo atreet Personally, I stated to th Clark and James estates, who owned three or four of the blocks from Tenth Avenue to hoe.

to A. B. Champlln. S. Osgood Pell A Co.

have rented for city convenient and free transfers are Frederick G. Smith his country place I provided, except at thia point the very at Greenwich. to Charles Sher- "centre of the residential section of our BUILDING IN 1. CITY. Loans Aggregating $200,000 for Fists Msde Lsit Wstk.

During the last week builders borrowed more than $200,000 for the erection of apartment houses In Long Island City, according to a statement made by Harry P. Williams, the newly elected President ot th First Mortgage Guarantee Company of Long Island City. The rapid industrial growth ot the section haa brought about an Increase In the population that haa resulted In a shortage of apartments. Thousands of men employed by the factories ssy that they will Uke their families to Long Island City aa soon aa bouaea bave been built That building loans made by a single banking Institution should run Into such a figure la taken as an Indication of the optimism with which realty men regard th future of tbe section, it haa been repeatedly stated In building quarters that the opening of she new transit lines will call for building operations on a scale never surpassed In Queens. $135,000 for Montclalr Dwellings.

Plans have been filed with the Mont clalr (N. Building Department for three houaea to be erected In South Mountain Avenue by Frank M. Soule. at an eatlmated total cost of $135,000. The buildings, whlcrt will be two and one-half stories high and of brick and atone construction, will be located at 2O0, 239, and 240 South Mountain Avenue, and will cost $43,000, $45,000.

and $47,000 re- lock. city. A long; walk snd extra fare and pecUvely. BRIDGE TRAFFIC. Annual Count of Passengers Made by Bridge Department.

The Public Service Commission has received from the Brldr Department a report of the annual count of passengers using the various East Klver brldgea. The count waa made Oct 28. 1915. and covered th travel In each direction for a continuous period of twenty-four hours. By far the largest traffic passed over the Williamsburg Bridge, which car ried $05,501 passergers In the twenty- four hours.

This waa sn Increase of about 29,000 over the previous year, when the total waa 827.134. The Brooklyn Bridge chowed a falling off of 50.000. the figures for 1915 being 243.617. as against 203.706 In 1914. The Queens bo ro Bridge showed a slight Increase, with 03.6O4, as agalnat 89.947.

The opening of the Fourth Avenue subway acroaa tha Manhattan Bridge ia Indicated by the large increase In the traffic over that structure. Its total waa 111,814. as against 62.305 th year previous. The total traffic on all brldgea Increased from 763.002 in 1914 to 804.140 In 191 Following are the totals of all bridges: Williams- Man- tmnrh. Brooklyn, bat (an.

Queons. 10.710 M.4nS 47,049 Westbound. 17. Ml 1U.M3 M.SOS 44.0U3 Total. VAMl S4J.81T 111414 S9.S04 The total trafflo over all bridges in 1912 waa C5D.501.

In 1913 742.002, in 1914 763.08-., and In 1915 804.146. Eighth Avenue, that tracks would be laid eventually. Even now and before a atreet line haa been laid private dwellings have been supplanted by a number of high-class apartment bouues. Demolition of small houses Is under way to make room for ones. The eradual but aura ough of Queens.

The commission has Chang of character of the nelchbor- spproved the suggestion that certain hood is already plainly "evidenced br sreaa In Lon Islsnd City adjacent to th Increaains- number -t the East River and the Long Island Owners of the signs were not aware that any law waa being violated, aa the custom of erecting such signs was of long standing. It Is unlikely that any penalties will he enforced until the legal opinion la received. Queens Zoning System. Some modifications to the sorting system for Queens as provided by the Commission on Building Districts and Restrictions have been presented by the Chamber of Commerce of the Bor- tores, and business establishments. The property owners west of Central Park win.

moreover, profit Instead of loae If th chang that they aeem to fear la In fact realised. Real eatat on West Eighty-sixth Street will command greater values for the hlgheat type apartment houses. hotels, clubs. cnurcnes, man ran ever be ex pected from the present private houses. which are rapidly becoming obsolete.

The valuea In tbe three block in ques tion are now declining; th change which Is bound to com will cause them to advance. Seventeen' thousand Individually signed petitions for the franchise have already, been aubmltted to the Board of Estimate and Apportion- enent Among the organisations which have teen recorded aa favor-tar the franchise ere; United Ileal Es tat Owners' Association, Real Estate Board of New York. West Side Taxpayers' Association, Harlem Board of Commerce. Musical Mutual Protective Union (3,000 members). Independent Club of tha west side.

Borough President Marks's Advisory Commission of York-vllle, Yorkville Association. Real Estate Owners Association of the Twelfth and Nineteenth Wards. In' view of the notoriously Inade quate existing transit facilities at Eighty-sixth Street, the report of the Public Service Commission after Im partial Investigation, the great ben efit to the city Itself and to its realty, overwhelming desire on the part of th public and civic bodies, the franchise applied for ahould be Railroad be placed In th ciasa where the heights of buildings will be per mitted to be twice the width ot th street Wants Better Trsnsit In Queens. The. Transit Committee of the Queens Chamber of Commerce has Indorsed the application of th Iong Island Railroad for the operation of the branch known as the Stewart Railroad." from the North Shore Division at Flushing to the main line at Floral Park.

This Is In line with the efforts of the committee to ee cure better transit facilities for residents beyond Jamaica and Flushing, many of whom are employed In the Long Island City Industrial New Station for Baldwin, L. I. Baldwin. In southern Nassau Coun ty, L. Is lo hsve a new railroad ela tion.

Bids are being Invited for th new building, which will be of Gothic architecture, two stories in height 20 feet wide and f3 feet long, while around II and beyond it wlU be a broad concrete promenade. Everar Realty at Auction. An Important sale announced for May 8 by Bryan L. Kennelly win be that of the realty holdings of the late James Everard. the brewer.

They In clude nineteen Manhattan parcels and one in tne -on aiosnoiu way. Will Develop Lakewood Property. David B. riuroer haa been placed in charge, as manager, ot all the lands granted and every effort ought to be and properties of the Lakewood Hotel made to bring about the construction and Land Association, at Lakewood, N. and operation of the line of the pro- to develop along lines aa be sees fit.

posed extension with all possible 'The tract Includes thousands of acres. .7. A strong plea for a mora generous recognition of the residential needs of a large portion of the old Greenwich vxilag section waa mad last week t) th Commission on Building Districts and Restrictions by Vincent Pepe. who haa been Identified with realty ao tlvitles In that, locality for over twenty-five yeara. Notwithstanding; tha commercial growth In the blocks In and west of Hudson Street south Christopher 8treet within the last few yeara.

there la a' atrong tendency to remain residential In the blocks east of Hudson Street The area bounded by Grand Street pa th aouth. Thompson Street oa th east Macdougal Street on tha west, and Washington Square en th north has practically been rebuilt to th last eighteen years with five and six story houaea. says Mr. Pepe, and they ar well tenanted. He cited th former Astor holding on th south aid of King Street, from Macdougal to Yarick 8treet sold within the last, twelve yeara and well improved with six-story flats.

Trinity's holdtnga. In th block below, were not sold and th ancient building still remain there. Mr. Pep Implies that Trinity preferred to sell Its property for loft structures rather than for residential Improvement That has indeed been tha case In th laat few The block frontages, both north and aouth on Vandam Street between Mae dougal and Varies." said Mr. Pepe.

ar nearly all owned by In that block are two apartment houaea, one oa the aouth side and one on th north aide, and these two piecea are th only one not owned by Trinity. Tha bouse are well tenanted and the property pays well: I know that several residents of tho neighborhood have asked tha Trinity Corporation to erect apartment houses in thia locality, but it haa always refused, and many residents have been compelled to leave because they could not get apartments with modern con veniences. I know of many ot those old resident who would be glad to com back If they could obtain rooms In. a modern apartment house. Three five story buildings were remodeled about ten years ago oa Chariton Street, near Varlck.

There haa never been a vacancy, and there 1 a waiting list. Th steam-heated apartment oa Broome Street on tbe north side, between Varlck and Hudson StreeU, la always well tea anted and haa also a watting list. It ia not the fault of the neighbor hood that better housing condition do not prevail, but the fault of the ewaers who do not give modern convenience ana improvements to me wnsnw. 'It haa been my experience with th Trinity Corporation, although I hav called on it several times trying to buy property from it and It has always refused to sell, and th only plot I have been able to aell for It waa a parcel on Washington Square, a lot 27 feat front and tha only reason waa because th corporation had bo other land' around It Where It had Urge holdings It haa refused to seU. unless for an industrial building subject to ita ap proval.

1 The only reason that residences and tenemente have not crossed Macdougal Street westward. Is because th land could not: be purchased, otherwise that section would have been improved with home aa far weat aa Hudson Street" Abo.it $3 per cent of all th property In the so-called Greenwich district is used for residential purposes, explained Mr. Pepe. and classified aa follows: Private reaidencea, medium -pric tenement and apartments, generally known as three, four, five, and six atory house, where the rental averages per room from $4.00 to $6, Th medium apart menu rent from $10 to $20 per room. Th private-house ciasa ar those of three and four stories, occupied either by one, two.

or three families and where the rent averages from $900 to $2,400 per year. It has been said. added Mr. Pepe. that It la impossible to aell tote for $15,000 In the section chiefly used for residential purposes.

I am willing to aay that I can aell any number of lots at $13,000, and possibly at gad If they could be "had I would agre to sell a block anywhere in. Charlton. Van-dam. Spring, or Hudson Street and do not it would be difficult to find a purchaser." To Trads City Property. -The Sinking 'Fund Commission has authorised ControUer Prendergaat to ap point Commissioner of Appraisal resid ing In the Borough of Queena to determine the' value of four reels of city property, located In different section of tbe Borough of Queena.

to be exchanged for th old San ford home-alead adjoining Ralney Park on Vernen Avenue. Long Island City. The parcels to be traded consist at Irregular plots in Flushing, Long Island City, and Woodslde. More than a year ago Park Commis sioner Water took up the question of erquirlng the San ford trsct as sa sedition to hainey Park. Dyckman Taxpayers Meet.

At a meeting of tbe Dyckman Tax- payers. Association last week a com mittee waa appointed to endeavor to expedite the work on th Barge Canal Terminal at Sherman Creek, and also (o Investigate tha possibility of widening Broad way' from 219th to 221st Street to alleviate traffic conditions due to congestion aouth of the Bridge' across th Harlem Ship CanaL A recommendation of Commissioner Fetherston waa approved for tho erection of a covered dump at tbe foot of 201st Street and Harlem River. German Embassy Staff at Rye. The Loton H. Slawaon Company rented to Prince von Hatsfeldt of the German Embassy the Graham property wa th Post Road at Ry.

to be used during the tbe Laurel House, and other properties. Summer months by the ltabay Staff..