New-York tribune., 1905-04-19

P4RK-AVE. And 38D-ST.
Pennsylvania and NeSc-HGren Sad
To BE Making Plans.

purchasing movement Of great magnitude IS
wen under way IN the section Of which SSd-st' anu
Pask-ave. form part The real cause OF Il ap-
pears 20 be hidden. Il Is many months since tiIe
district has had such realty activity Many parcels
there have already changed hands, and oVertures
have been made 10 buy scores Of other piols' =
multiplicity OF rumors regarding the exact nature
and the volume Of business IN real estate there are
current. one rumor that viii not down, and when
was yesterday accepted fact By many proKers'
is that the New York, New-Haven ana Hartford
Railroad and the Pennsylvania arc 10 have large
union tunnel terminal station at SSd-st ana faTh-
axe. and that whatever purchases i'll the secuoh
have recently been made by the pennsylvania We're
in the Joint interests OF the two railroads.
That the Pennsylvania expects to have d station
at 3Sd-st. and Park-aVe. which VIII be connected
with the 34th-st. subway station is a well known
fact. but uD date there has no onlcldl OF semi
official announcement that the New-Haven road
had bought property in or near Sd-st and Park-aNe
for that purpose, or WAS even remotely interested
in such a project If the New-deYen road had
planned TO build q subway from the Willis-aVe
station of its suburban branch so as TO extend
northward the East Side. the rumors might
seem to be not far from being correct In spite
OF all these flaws or apparent shortcomings OF
the reports about the New-Haven. and with neither
denial confirmation OF the reports, many real
estate men yesterday found 10 be holding
firmly to the thought that the reports true and
that there is 10 be a union terminal station OF the
Pennsylvania and New-Haven at $3d-st and Park
ave.
some OF the principal rumors yesterday
That the Pennsylvania. New-Haven and persons
prominently identified with the Metropolitan sys-
tenn had decided 20 ask the Rapld Transit Commits
sion for the right 10 build several East Side sub
WAYS
That there will be at least two Of these subways
and that each viii run from the Willis-ave sta
ton OF the suburban branch ~ tho New Haven 10
the Battery. That these subways will be used BY
the pennsylvania and New-Havtn for through local
service in this city.
That President Cassatt OF the Pennsylvania
Railroad Will appear before the Rapid Transit
Commission tomorrow TO argue in favor Of the
building OF d subway ia 34th-Et.. and not a moviIg =
sidewalk. The Metropolitan Street Railway Con-
pany. II is said is anxious 10 build such a subway
because il would form ( valuable to its pr1-
posed East Side sUbw3Ys.
That the Pennsylvania Railroad had bought the
Park Avenue Hotel. at 32d-st. and 4th-aVe.. 4
site for the union station.
Tho manager of the Park Avenue Hotel said he
had been told by the owners of the property that
the hotel had not been sold.
The term Of the lessees OF the hotel will not ex-
pire for years yet.
Philadelphia April Is (SDeciaD.-Whils no Penn
sylvania Railroad officials could he reached to-
night to confirm the report. il is said that the
Haven road viii have q passenger statiOS at the
new terminal OF the Pennsylvania Railroad. II is
also declared that under a traffiC agreement the
Pennsy lyania Railroad Will through coaches
from The West and South 80 New England points by
Way OF the New-Haven over this connection