Evening journal., 1916-10-05

/ DiOck or ground, or as mucn more
as may be necessary. as near as pos
sible TO the shopping center Of the
city. Real estate values on Market
street, the principal business thor
oughfsre. doubtless arc prohibitive
but. since the King street market isl
satisfa ctorily located, and good busi-
ness has developed along the street
as a result Of the market having been
+ there for years. it would appear ad-
Z visable to secure "a suitable site on
the east side OF King somewhere be-
tween Fourth and Eighth streets. The
business interests on King street natu-
rally would oppose the removal of
sthe market from that street and they
= doubtless would be justified in such
opposition. The location Of a market
square as suggested. however would
/ stir keep the market business ap-
proximately where it is and prevent
the depreciation I'm real estate values
that would otherwise ensue. The
erection on such block. Of an in
closed market building in conjunction
with sheds for the producers, would
provide cheap and sanitary accommo-
dations for many of the dealers now
doing business along King street, ad
jacent to the curbstone market. who
owe their trade largely to the prox-
unity of the market.
On a city block approximately 220
by 26O feet, it. would be possible to
erect sheds for over 300 teams and
to put up a building that would fur
nish well-equipped stall space for
about SO retail dealers in food pro-
ducts to carry on business. The ac-
companying sketch shows two sug-
gestions for the layout of a city block
to he used for market purposes. One
plan provides for series of steel
sheds, without an inclosed market
building. These sheds would accom-
modate over 400 producers wagons.
A market of this kind could be flush
ed easily. would be freer from dust,
and would not handicap street traf-
fc as is the case at the present time.
The other plan suggested, that of
combined open and inclosed market.
while requiring a somewhat greater
initial expenditure. is without doubt,
the more comprehensive and far
reaching in that il would enable the
producers and the dealers to carry
on their supplementary businesses in
proximity as they do now. but under
vastly superior sanitary conditions
efficient and rapid handling of per-
shable food stuffs. The market build
ing should he equipped with adequate
cold storage space for the use of stall
u renters. and for family use if there
is found to be any demand for such
service.
Naturally. such an undertaking will
necessitate the expenditure of a com
/. paratively large sum of money, but
with good business management the
income from the market should pay
: the operating expenses. interest on the
investment, and establish sinking
fund to slowly pay off the debt. The
following figures represent roughly the
{ estimated cost Of such an institution
and show how il can be made self
r supporting under good business man
agement:
% Estimated Cost in Round Figures of
{ Combined Open and InClOsed Public
O. Market Based ON sketch Submitted.
Valuation Of an average block
g Of suitable property on the
2 east side OF King street (as-
sessed valuation) ........ 100000
% open farmers market includ-
ing steel sheds. paving, etc. $4,000
s Inclosed market building with
SO stalls including interior
7 equipment. refrigeration
f and cold storage facilities 10O.O 90
IOldA . 2 . / HfNVV
s (This figure does not include demol-
4 ition Of any building now on site, but
e does include an arbitrary estimate
of $1,000 for the work of grading and
y filling on ground occupied by open
HrFr. 81
g der the inclosed building is included
;, in the estimate for the building).
a Estimated Annual Expenses of Above
:, Market
r 4 per cent. interest on a $325,-
It 600 bond issue $4,000
Z Depreciation Of building. sheds.
q and equipment. 2 per cent 2,5O0
r Sinking fund. per cent -. $500
C Salaries:
3 Market Master ......... 1000
u Assistant Market Master .. 1.2OC
ianitors at $50 per month 2,ssC
Water rent ................. SOC
= Electricity;
n Lighting .............. b,OO,
g Power ................. $3.50
= requirements, supplies and
Y miscellaneous ........... l,5OC
d Total estimated expenses .$42,93(
+ \ Scale of Rentals Which Would Re
e turn approximately the Amount ol
n the Estimated Expenses.
n Rent:
l. 3O6 7-foot shed spaces at S25
Vt per year ......... .........S 1901
n. Rent-Stalls in inclosed market:
d 80 island stalls with mocha
r ically refrigerated glass tops
ID at S32 per month ..... &C.. 11,52
'r is island stalls without me-
IN chanical refrigeration facili-
NJ ties at S25 per month ..... $40
l. 81 wall stalls without mechan-
r ical refrigeration facilitie5
'k at SIS per month ......... 1893
e. 1850 square feet of cold storage
ir space in basement at 20
NJ cents per square foot per
be month ................... 1929
re
Ve ,f.., .. eAq *