New-York tribune., 1909-02-14

series Of modern public piers, equaed by re" oGnSr
districts of the greater city Exterior street re-
minds one OF West street in its latter DAY 1orn.
II is one of the widest thoroughfares and one of
rhe best laid avenues for wagon trad1o within the
boundaries of the greater city. II was especially
planned to afford up-to-date and ample faciiities
for handing freight bound from or TO the various
oiers The greater part Of Exterior street is on q
nigh ridge of land, and from any part OF this sec
tiop NAV be had an unobstructed view OF the East
River The high elevation OF the land ana the
width of the avenues, together with the raploy
growing tenement house area were Things WHICH
we're considered by the hospitals and other insteu-
tions which in late years have moved frorn otner
sections this region.
It is the opinion OF real estate experts nun
dreds of manufacturing concerns VIII locate N the
district In the near future. because the prlce OF
land Is not only a magnet 70 oraw tnem CneI ere =
but there are large sites which could De quicAS
transformed with factory plants. AnotheT LactoI
which will attract them 20 the xone - inc PC
facilities. Factories which do larse 0cI' I uaue
viii be able It s said. to handle easily. eno mere
fore expediousy, goods for shipment from tne os
trict to any part OF the city. The great AsVoll1
region anu the Long Island City zones may oe
quickly reached from tho section py way o. .He
oueensboro Bridge, the westerly approach OF WINCH
Is at 59th street and Second avenue.
PLANS OF THE MADoO COMPANIES.
william @. McAdoo last week did what many
close students Of traffic conditions in this city e1-
pected him to do. He applied to tho PUBIC ser
vice Commission for q franchise for the Hudson &
Manhattan Railroad Company to extend its tunnel
system from its terminal Sixth avenue and SD
street 70 the Grand Central Station, 10 connect
with the Stenvay, or Belmont, tunnel under the
East River and with the present subway. The pro-
posed route is under Sixth avenue to point near
10Th. street. thence curving eastwardly under BTy-
ant Park TO 42d street. Just west Of Fifth avenue
and continuing east under the present subway TO
a terminal Just west of Lexington avenue. Mr..
afcAdoo estimates the cost OF the proposed e1ren-
sion at about 100000 and he thinks II could be In
operation within year and a half from the time
the work was begun II the franchise Is granted
there will be rapid enhancement OF values in the
section of which I'D street and Park avenue form
a part The proposed extension will also result. It
is thought in a broadening market for properties
IN Long Island City and Astoria
Trading in the tunnel zones continues TO be a
feature OF tho market = large number OF prop
critics In 9th street between Sixth and Seventh
avenues changed hands during the week More
sales In East 14th street. between Third and
Fourth avenues, were also reported The volume
OF business transacted also showed that many in
vestors were active a buyers- One OF the prin-
cIpal transactions was the purchase by Mrs Elisa
GugEenheifner from the Dover Realty Company
Of the CoIlingwood Hotel No. SS to q West 25th
street twelve story structure, on a plot ssxsSs
feet. She gave IN part payment a warehouse in
Spring street and vacant plot in Edgecombe
avenue The deal involved sl1co,ooO.