New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-14
BY ARTHUR 7. NICHOLSON

a home where noxious odors from
harbor or factories cannot take any of
the Joys out Of living. Then, after
everybody has such home, with plenty
Of good food, the next step IN proper
city building would be great breathing
spaces and Fairgrounds for big and
little folk. The large parks are too
far away for most Of US. Realty men
know that II our humblest citizens are
healthy and happy we are certain 10 be
q fine city in which to live.
Some day ! am going up 70 Louis
Schrag's Office, at l42 West Odd ST., and
ask him if 10 isn't about time great
movement was begun 20 have the Sixth
Avenue. the Chelsea and the Greenwich
Village sections rejuvenated in way
commensurate with their location. In
the cradle days Of old New York these
sections were noted summer resorts.
Physicians of standing called the sec
tions the most healthful suburbs Of the
city Patching up a lot OF the ola
buildings for the uses OF growing
wholesale businesses and manufactur-
ing concerns doesn't seem 20 be the
best way to put new realty life IN the
districts. With support from the real
estate fraternity, Mr.. Schrag, ! feel
sure, will find solution OF this prob
lem. IL is my opinion that more model
flats for the workers should also be
built at once in the section.
Thirty-seven thousand square feet,
comprising part of the former Altman
Building, at 10Th st. and Sixth av.,
has been taken by the crockery and
glassware house of L. d. Bloch e. Co.,
through NJ. & l.. Hess. Vincent Astor
owns the building. Bloch & Co. will
use the space for their manufacturing
department Of lamps and shades. Their
main Office will remain at l53 and loI
Fifth av.
Here is a note for Pease & Eli
man: Dear Lawrence b. Gilman: We
thank you for the fine realty reports
you send 20 US. Sometimes, however,
we have trouble in reading your notes
because of the color of the paper Ihat
notice about your firm having rented
the dwelling at IS West sd So. 10 h. b.
Sothern took much time to read, for
the reason mentioned. We hape you
won't be annoyed at these remarks, Tor
you send out complete, and not skele-
ton, reports, and may the writer OF
them have a long and prosperous lie.
Fraternally yours"
G.. Maurice Heckscher and John Il.
de Saulles may not think l study their
operations carefully. But / do. That
is why | want TO say once again that
they were the brokers IN the leasing OF
the Triumph Theatre, at 49th Sc. and
Broadway, at a rental of about S2'OOO,,
600. The Biddle Realty Company Will
manage the theatre.
On the Wendell property, az the south
3 Il ~
Messmore Kendall, OF the law firm OF
Kendall & Herzog, will erect two mo-
ton picture houses and a six story
Office building, from plans by Thomas
W. Lamb. He has control OF the prop
erty under a twenty-oneyear lease.
Over in Brooklyn last week plans
were also completed by Buckley & Hor-
ton whereby A. II. Schwartz will be
the owner Of motion picture house
to be built at the southwest corner
of Bedford ave. and Brevoort place.
Big commission plums have already
fallen from the realty tree this year
Ogden & Clarkson get about S29,OcO
for the sale of Madison Square Gar
den. and William A. White e. Sons about
$50 GOO for the sale OF the Billings,
Sheafer and Hays properties, on Wash
ington Heights. TO a syndicate of which
John d. Rockefeller is a member.
A new home for the downtown branch
OF the Columbia Bank will be in the
building 20 be erected at Canal So. and
Broadway from plans by Hill & Stout,
architects. William A. White & Sons
negotiated that loan.
Sebastion s. kresge, OF Detroit, presi-
dent Of the S. 5. Kresge Company, has
bought the Newark Arcade. in Newark,
with adjoining pieces fronting on
Broad, Halsey and New sts., compris-
ing about nine city lots. The purchase
price was about 100000. Louis
Kamm induced Mr.. Kresge to make
this purchase as a personal investment
The profit sharing scheme OF Doug
las l.. Gilman & Co, adopted two
years ago, and which applies to every
person connected with the Office. from
the porter up. has proved very salts
factory. An amount equal 20 20 per
cent OF the dividends OF the stock has
been distributed. New directors of the
company are Alfred +. Taylor and D.
Chester Noyes.
Investors at Rockaway Beach are
bringing JOY 10 some brokerage firms.
c.. Taus & Sons have disposed Of two
twenty-room cottages 10 one OF this
class Of buyers.
Jacob II. SHOEMAKER, president OF
Butler Bros. has leased, through Pease
& Gilman, the last vacant apartment
at 907 5th av.. one Of the finest apart
ment houses in the world. His suite ~
OF seventeen rooms and five baths. Mr..
Schoonmaker will live under the same
roof with Victor MorswetZ Mrs Carl
Victor. James Mclean, Of the Phelps
Dodge interests; Charles n. Stone. OF
the National City Bank interests; Mrs.