New-York tribune., 1910-10-08

Jsr,es n Cruikshank is teaching the
Younger generation of realty men a most
valuable real estate lesson. The older gen.
Grafton could learn it. but they won't-at
least those with fixed ideas won't, because
their mental power is no longer flexible
enough for them TO bend II so they can be
at,uned 70 newer conditions. The lesson Is
very easy 70 learn. and those who put it to-
nractical use will be found in the years to
come among the successful men in the
great realty sphere of New York.
It's substance is that no person can reap
as large rewards in the realty field by scat
tering his energies as by combining them
The man who tries TO become the leader in
all realty districts will not be as successful
as the one who plants himself in one or
few districts and becomes thoroughly con-
versant with realty matters there There
are scme men who aver they know all
about realty value-that they are at
home" in any district. Usually those men
are realty failures
This lesson about centralizing energies
James H Cruikshank has been teaching in
most modest way for years. His efforts
in this respect were yesterday brought 10
mind again by his purchase of No SOB to
5O7 Hudson street old buildings, on plot
70xle0 feet from the Hudson Manhattan
Railroad Company. through Horace S. Ely
& Co. Few other persons have been as
prominently identified with the big down
town Wholesale district as Mr. Cruikshank-
Expert in Wholesale Section.
All his energies have been for years dl-
rected 70 the upbuilding of that great area
1Ar,, -th
business region Often his efforts seemed
unappreciated, but that did not turn him
from his chosen field of usefulness. He
was building and planning more structures
in the zone when all realty paths seemed
TO lead to the newer and upper districts.
He truly helped TO lay we'll the cornerstone
on which rests the stability Of the new
realty investment in the section
Mr. Cruikshank is little known outside of
realty paths but some day his praises as a
successful builder and leader may be
sounded in many more places
The site he bought yesterday is part OF
the block bounded by Greenwich, Hudson,
Christopher and 10th streets, which was
bought by the Hudson &, Manhattan Rail-
road Company some years ago as a ter
minal for its Morton street tunnel When
the tunnel company decided to extend its
route to the big drygoods centres and rail-
road stations it abandoned its plans for
improving the Hudson street block. Mr..
Cruikshank will probably improve the plot.
The tunnel company's total purchases in
this block amounted to about 1900 square
feet Several months ago the company au-
thorized Horace S Ely & Co to dispose of
the property There being visible mar
ket for II as a whole. Ii decided TO sell ii in
smaller parcels.
Another Village Deal.
George Alexander Macdonald yesterday
purchased from the Newtown Construction
Company the new six story and basement
loft building at No. 80 Laight street, be-
tween Hudson and Narick streets, and re-
sold the property TO an investor The
building is 81 feet wide by IS feet in depth
and is rented under a long term lease to
Corning & Co, one of the largest rectify-
ing houses in this country.
Mr.. Macdonald who is one Of the origi-
nal operators in the Greenwich Village sec
ton, having financed many Of the larger
building transactions in that locality, has
during the last year been devoting his at
tention to other sections of the city. His
return TO the Greenwich district is another
manifestation of the renewed Importance
which that section has recently assumed IL
the eyes of the real estate interests Of New
York.