New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-17
All To Be Inspected by
Financial Experts This
Week.
PROGRESS OF BOROUGH
PLEASES MOST OWNERS
Region Holds High Record for
the Number of Modern Tene-
ment Houses.

on next Thursday many well known
men Identified with money lending insti-
tntlons OF this city will make an inspec-
ton tour Of The Bronx. This will be the
second annual outing Of its kind held
under the auspices Of the North SIDE
Board of Trade, of which William w.
Niles is president. Much progress has
been made by the Borough Of The Bronx
since the first Bankers Day, year ago
and it is likely that some Of the Visitors
who are numbered among the foremost
oyperts on the industrial and home needs
OF the city, will be amazed at the new
visor displayed by the beautiful borough
lust north Of the Harlem River.
The realty future of The Bronx is very
bright. For years the borough has been
within the great subway zone Of the me-
tropolis. and owing TO the plans perfected
bv the city for the extension of the transit
links il will be brought within easier
reach Of all big centres Of the other Dor
oughs.
For the Improvement Of the waterways
If The Bronx much is now being done
Every dollar carefully spent for such work
Will not only increase the INDUSTRIAL but
also the residential fame OF The Bronx
In the Hunts Point district the Work OF
building piers 1000 feet long has been
launched.
To meet the needs OF its population, now
estinated TO he $50. 900. plans have been
considered and approved by the Mayor S
commission for the establishment OF
sreat market in the borough. Cyrus c.
Miller. ex- president Of the Borough OF Inc
Bronx. is chairman Of that commission
The market is planned 10 cover twenty
eight acres 1t will cost for the lana
about S2.00O,O0O and for the buildings
about $3.50, 900. The site recommended
Is the area bounded by the Harlem River
Hist ST. Walton av. and 149th ST.
r, is estimated that at a rental OF 80
cents a square foot Of rentable space the
market would return Z per cent on the
Investment Ii would serve the residents
Of Harlem from 10th ST. north, with
about 100000 persons; The Bronx WIN
about CSC. 600 persons, and New Rochelle
Mount Vernon and Yonkers. The com
mission recommended AAoN SNNf~
st once toward the construction OF the
market.
sites have been selected for the build
ing OF barge canal terminals at various
points in The Bronx. one site is at
Fernciiff st. on the Harlem River an
other on the Bronx River, just south OF
Westchester av.. and still another at the
junction of Westchester Creek and the
Hudson River Some other large termi-
nails OF similar character are yet to be
located in this growing borough ana
they, with other places for receiving m
bound and outbound freight over the
great barge canal of the state. VIII tend
10 stimulate the creation Of larger indus
trial colonies in The Bronx. The Dor
ough is rich in shore front properties
having a shore line OF over hfty-nine
miles
The Bronx holds the high record Tor
the number OF modern tenement houses
built. and by tenement houses are meant
every building used for residential pur-
poses by three or more families. That is
the legal definition Of a tenement house