New-York tribune., 1912-07-13

coal chute that originally cost Vow
is TO form the site of an annex 10 inc
Broad Exchange Building, at Broad street
and Exchange Place.
This is how the property CAME to be one
OF the most expensive coal chutes in THIS
country. For some years the owners OF the
Broad Exchange Building and other own
ers of adjoining properties enjoyed ths
privilege of using covered alleyway lead
ing from Beaver street through parcel
owned by John T. Mccullough and several
other persons to Lords Court. The Broad
Exchange Building and Lords Court oc-
cupy the entire southerly frontage In En-
change Place. from Broad TO William
street Through this alleyway coal for
the great steam boilers Of the Broad EX-
change Building was carried. Some occu-
pants of the building with windows over
looking the alley complained that the alley
was there TO provide light and air for their
Offices and not for business purposes
As there was considerable doubt as TO
the rights Of the owners Cf the Broad EX-
change Building TO the alley the courts
were asked TO decide this dispute. Before
final decision was rendered prohibiting
its use as a passageway for carrying coal
To the Broad Exchange Building the prem
ises No Al Broad street were bought to
pl lovide the necessary coal chute This
purchase was made in August 1906, AMI
since then IT has been used as such.
The proposed annex will have a coal
chute which will take the place Of the one
in question. The annex will be six stories
high and Of marble. Its construction Is a
result OF the enforcement OF the city ordi-
nance against street encroachments. II Is
said that the entrance TO the old four story
building on the site is somewhat over the
building line.
The Silk Association OF America will es-
tablish a new exchange in the Emmett
Building, Madison avenue and 29th street.
The new exchange will take the place Of
the old one at Broadway and Broome street,
which for years has been the home OF many
Of the prominent houses I'm the trade
a syndicate of English capitalists organ
lied as a new Jersey corporation. under the
name of the Oceanic Realty Company. is
the buyer Of No. $50 Fifth avenue, through
Lewis 3. Preston. from lido NJ Fleisch-
mann, the sale of which was reported in
yesterdays Tribune.
In the former private house block I'm 18th
street between Fifth and Sixth avenues,
which In recent years has been larg aly
Transformed for business use. another long
lease has been made which will bring to IT
a concern now on lower Fifth avenue. This
transaction is identified with the property
No 80 West 45th street. a four story and
basement dwelling. which has been rented
by Mccarthy & Fellows for a long term
Of years TO the 7. T. Baldwin Company.
dealers I'm art feathers. The property will
be remodelled for the firms exclusive &C
cupancy by the new owner, Peter A. Pet r.
son, who bought II through the same brok-
ers in May from the Braincrd estate.
In common with other impediments af-
fected by the recent ordinance for the re-
moval Of all illegal distractions of the city 5
sidewalks, the Chamber OF Commerce steps
have got 10 go. Plans were fled to-day
for their removal. and while that IS being
done there will be installed a new elcva-
tor, the alterations having been estimated
TO cost 5000 by the architect. James r.
Baker
John Wanamakers big store. at Broad
way, Fourth avenue 9Th and 10th streets.
is also 10 go under alterations for the same
reason. The steps on the Broadway side
are 10 be removed. Charles C.'Thain csu-
mates the job will cost 5000