davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-01-16
Odd Paragraphs From the
Worlds Real Estate News

give secret information about the In
mates.
Build Concrete Houses I'm II Days.
An experiment in the construction Of
attractive houses of concrete is now be-
ing made in Buckinghamshlre, England.
The interior OF these houses, which are
designed as bungalows. presents crypt
like appearance. with vaulted roofs that
make them delightfully."- cool in the sum-
mer. and warm in winter. The speed
with which these structures can be com
pIeted gives particular Importance to
the Improvement at this time. 1t Is
stated that these substantial bungalows
can be erected in fourteen days.
Arts Building for Minneapolis.
Minneapolis Is to have a fine arts
building, to cost approximately 81, 100000,
to serve as a centre of music and dra-
matte art. The building is to be ten
stories high and will have concert audi
toriums, recital halls and several hun
dred music studios.
Eight Years without Heat.
For eight years the people attending
the First Presbyterian Church at Du-
rant, OKLA, had been suffering from
cold. while the persplring janitor SHOW
elled coal into the cavernous mouth of
the furnace. Tho furnace, however,
would not give out heat in proportion to
the fuel fed to 1t and so the congrega-
ton shivered while it prayed. Recently
an expert was hired to investigate. He
traced the pipes as an electrician does q
wiring system and discovered that the
main valve of the furnace had been
turned off. presumably eight years be-
fore, and had never been turned on
again.
The New York herald., 1921-01-16
BUYERS STRIKE HAS HIT
THE SUBURBAN MARKET
BY s. $. wALsTRUM,

OF s. S. VdistTum. Gordon & ForDidn.
The surprise of 1890 so far as the
suburban situation Is concerned was the
almost complete cessation of demand
during the last four months OF the yeai
due partly to the so-called tenants re-
lief legislation. but largely to mounting
construction costs which held aloof and
cut of stop and sympathy with declining
prices in every commodity market.
Right or wrong. the public expected
houses to join tho toboggan party. al
though just how this could be brought
about when the ratio of families TO
available houses stood Gas II still
stands) as 121 is to 100. no one took
time TO consider.
It would be a pleasing spectacle TO
see much lower prices in housing but
the present stagnation in the building
trade will aid little in accomplishing
that highly desirable result Nor can we
share the prevailing opinion that easier
mortgage money would do much to solve
the problem, at least so far az the sub
urban district is concerned. We find a
more perplexinG condition than that,
I. e.. stubborn refusal to build or buy at
present costs. Therefore we await 192i
events with intense Interest. Some OF
the questions are:
VIII two families continue 10 grow"
where but one grew before? VIII build
ers build when there are no buyers?
VIII occupant-owners sell themselves out
OF doors? VIII the solution come through
some miraculous drop in labor and ma
terial? Will the folly OF governmental
subsidy be added TO fallacious tax cN-
emption and conhscatory rent laws?
The New York herald., 1921-01-16

into the structure by next fall. The esti-
mated cost is s1.100.000.
At the southwest corner of Broadway
and Fulton street the foundations arc
being laid for the twenty-seven stoty adj
dition to the New York Telephone Com
pany's classic skyscraper. 1t is expected
that this work will. cost at least
So, 900. 900
Work is nearing completion on the
twenty-one story addition to the Ameri-
can Surety Company's homo at 100
Broadway The old Schermerhorn Build-
ing. which adjoined on the south and
east sides of the building at 96 Broad
way and Q and Pine street, was de-
molished for this Improvement. which it
is estimated, viii cost nearly $4,000. 900
and will almost double the capacity OF
the 100 Broadway building.
At the northest corner OF West and
Rector streets the foundation work for
the seventeen and eight story building
to be erected by the Barret Company
has been started. The estimated cost Of
this Improvement is s2,000,000.
The New York Stock Exchange Build
ing extension on the south side of Wall
street between Broad and New streets is
under way. This Improvement caused
the demolition of the old Wilks Building
at the southwest corner or Broad and
Wall streets and the Mortimer Building
at the southeast corner OF Wall and
New streets. The estimated cost Is ST.
600. 900.
On the hatlron junction of Wall and
Beaver streets the Munson Steamship
Company is erecting twenty-five story
building, which is to cost at least ST.
600. 900. The five and seven story build
ings at So and 81 Beaver street and G7
10 rs Wall street were demolished to
make room for this Improvement
At to II Water and TO 12 Front
street the National Park Realty Com
pany is erecting sixteen story building
The New York herald., 1921-01-16
HOMES AT MORRISTOWN
ARE COVETED BY MANY
Demand for Realty There Is
Stronger Than EUer.
NY LOUIS +. DEMPSEY, JR..

1t would be difficult thing indeed
for anyone to attempt to describe the
satisfaction which comes TO those who
dwell in Morristown. Although the
town is rich in historical lore. having
been the headquarters of General Wash
ington, as we'll as the scene of numerous
other historical episodes. even these
charms cannot account for the popu-
larity of the section as a home COM
munity. Many other important factors
have entered into it's development as
one of the most exclusive residential
sections OF New Jersey.
Nestled among the hills. Morristown
the county seat OF Morris county, fur
nishes homes for 1880 residents. The
town Is thirty miles from New York city
on the main line OF the Lackawanna
Railroad and shares In the distinction
OF being "Forty-fivc Minutes from
Broadway"
In Morristown taxpayers derive al
most all the benefits OF a modern city
They have an efficient police depart
nlent. motorized fire department. pri-
vate as well as excellent public schools;
churches Of every denomination. stores.
markets and shops The markets CT
Morristown are surrounded by an at
moaphere of superiority that makes
trading there a real Joy.
Its eleva tion--5J0 feet above sea level
gives the town healthful atmosphere
which naturally tends 10 give n dis
tinctive personality to its inhabitants.
Morristown has had conservative
growth. not speculative-a growth In
which cooperation and realization
OF true values have caused n stcacy
hcathful development from a real
estate standpoint. Within n mile or
so OF the county scat may be found
the estates OF some OF the best known
men OF affairs in the Eastern section
Of the United States
Prominent among these arc tho PLACES
OF c. w. Armour. Oliver c. Bill
lings General i. T. Meany Dud-
ley Olcott. John Claflin. George ];
Chisolm, John I. Waterbury. Peter VI.
b. Frelinghuysen. T. L. Humphrey. a.
Fillmore Hyde. Ridley Watts. Ransom
VI. Thomas Paul Moore. Leland Ross.
W. V. <. Thorn. Gertrude l.. Thehaud.
y. IL. NfcAlpin and Lorraine W. Mcllon
\ city OF such character, IL H. appa-
rent dopcrdc rpon 10 speculative
market or inflated valucs TO remain
in the forefront Upon this b3sis past
years have shown n remarkable demand
for properties over each succeeding year
and 1921 10 looked forward to with
optimism by the realtors Of Morristown.
The New York herald., 1921-01-16

Two colonies or women students AZ
Blackburn College. Carlinville, Ill., are
living in two old Pullman sleepers.
stranded on the campus The cars were
donated by the Pullman company several
years ago and delivered to the college by
w. G. Bierd, president. of the Chicago
ana Alton Railroad, who was member
OF the board of trustees at the time.
Succeeding classes of girl students have
made the old sleepers look cosey and
homelike.
House inscriptions I'm Japan.
In Japan one can learn a good many
things about the resident of house
merely by looking at his door. Accord
ing to police regulations. says writer
in Chambers Journal, the entrance 10
every residence must have q small
wooden tablet attached to 1t. This tad
let has the name and the number OF the
house upon 1t, and on another tablet Is
the name of the responsible householder.
who, In many cases, Is an infant.
younger brother or another relative.
Sometimes, though rarely, the name OF
other occupants are placed over the
door, but there Is no police regulation
which requires it. except in the case OF
boarding houses, which must place their
boardcrs' names outside for all to see.
person fortunate enough 10 POSSESS
" telephone always has the number
proudly displayed over the entrance
Near it there is often plate which
bears the fire insurance mark. Each
fire insurance company has its own en-
blem. which it nails to the Intel when
1t insures a house. The police often
place paper labels on doors. One may
certify that the periodical cleaning has
taken place, another that the sanitary
conditions are satisfactory. Others are
in code. known only to- the yolice, ana
The New York herald., 1921-01-16

to cost about s1,o0o.0oo. Five. four and
five story buildings on this site were
demolished recently.
At the southeast corner of West and
Rector streets the Union Sulphur Com
pany is erecting a fourteen story build
ing at a cost of 100000.
At the southeast corner OF Broad and
Front streets the Carl Platon Realty
Company is erecting a twelve story
building on the site of three old four
story structures. Estimated cost S450, 900
At and Dey street the T. A. Gil
iespie Company is completing building.
52x99. at a cost OF s542,00o.
The Alliance Realty Company Is
erecting an eight story building at 43 TO
AZ Broad street. to cost about 100000.
At II to 23 John street the Exchange
Buffet Corporation erected In 1920 a
two story building at cost of $780,
000
Among the many important alteration
and remodellng projects the principal
are these:
The Washington Building at 1 Broad
way is being entirely rebuilt inside and
out by tho International Mercantile Ma
rlne Company. at an estimated cost Of
S750,000
Tho Postal Life and Bank of Com
merce Buildings. fifteen and twenty
story structures, at 27 to SO Nassau
street, are being rernodelled by the Bank
of Commerce, at an estimated cost of
500. 900.
The eleven story Battery Park Build
ing. at the northeast corner Of State and
Pearl streets. is being altered by the
Henry J.. Doherty Company.
The same company is also remodelling
the twelve story Maritime Building at
IL 10 II Pearl and TO 10 Bridge
street
\ picturesque and rather important
alteration was completed in 1920. which
esulted i'm almost rebuilding the old
The New York herald., 1921-01-16
DESCRIBES MERITS
OF ECONOMY HOMES
Well Known Developer Be-
lieves Solution Of High Rent
Problem is Found.
by T.. j. RICKERT.
81 Tbc piotct Ryo,rn Rcolfu Co

OF The RtcEet BToTn iIcoHJ 20
A possible solution OF the thigh cost
of living" problem--at least for related
families--is the reduction OF the rental
overhead Of each family, by the purchase
OF a. house designed especially to avoid
the higher construction cost of n typical
two family dwelling, yet planned so as
to be wholly suited to occupancy by two
related families and to minimize the cost
OF operation and annual upkeep and ma
terially to reduce the labor of house,
keeping.
The automobile problem also IS solved
by the inclusion OF a two car garage
which is made a part OF the house. The
use of this by two families Is equiva-
lent to a saving of $50 to 500 a month.
based on the rates at present charged
by garages
Dwellings of this type have already
been erected as the first unit in the
development OF Norwood. in Long ISL
and City, fifteen minutes from the Grand
Central Station via the Astoria division
OF the Greensboro dual subway system.
AS these houses have been erected tor
absorption by men OF moderate means
and income. it was necessary in planning
them to squeeze out every dollar of pos
sible "profiteering" in order TO hold the
price down. This was accomplished by
obtaining from the Metropolitan Life In
surance Company loan for more than
a million dollars, to run for fifteen
years. This enabled the builders to buy
materials in quantities for cash.
Another ECONOMY" measure is the ap-
prevail by the Metropolitan Life 1nsur-
ance Company of the title of each house
before the first payment on the loan is
made. thus making II unnecessary for
the purchaser to obtain title insurance
policy Another important feature is
the approval OF all plans and specifca-
tions by the Metropolitan Life Insurance
Company, under the direct supervision
of which company the houses are being
built.
In contrast with the usual city plan.
the houses in Norwood are set back
25 feet from tho street, giving clear
space of 110 feet between the houses
on the opposite sides. In place of the
usual distance of so feet. AS so feet OF
this 10 feet will be Handicapped, a park
like effect will be created.
The terraces in front of the houses,
enclosed by a privet hedge and separ
sted from each other by evergreens and
Towering shrubs. give an opportunity for
landscaplng not possible I'm the case of
city houses as usually designed. Rich
ard Boschuysen. a graduate OF the Hor-
ticultural College of Holland. is dong
the landscapng work in connection with
the Norwood operation. Others who are
associated with the developers are Wal
ter Hopkins of Warren & Wetmore, ar
chitects, who designed the front eleva-
tion of each Of the houses.
The New York herald., 1921-01-16
Latest News From City
and Suburban Markets

day, January IL, the board adopted
resolution indorsing the economy pro-
gramme Of Governor Miller and pledged
to the Governor its whole hearted sup
port in his efforts. The board OF direc-
tors OF the Brooklyn board have elected
the following-Edward p. Maynard.
president Of the Brooklyn Trust Com
pany; George w. Gair, praside.. -
Robert Gair ComSany; Benjamin r.
Namnl Of A. l. Namm & Son. and Henry
j. Davenport. president OF the Home
Title Insurance Company, and William
b. Greenman. builder--as additional d.
rectors.
The directors also announced the ap-
Duncan & Campbell, and Maurice ].
Moore. as counsel to the board.
At the annual meeting Of the Long
Island Real Estate Board on Wednesday.
January II. at the Cafe Boulevard,
stephen Yates was reelected president.
and Granville II. Rome reelected treas
urer. The remaining officers were
chosen as follows: yice-president for
Kings, Arthur j. Horton; vice-presider.
for Queens, North shore, .. ). Hal
leran; vice-president for Queens, south
shore, Charles Yung; vice-president for
Nassau, Ernest S. Randall of Freeport
yice-president for Suffolk. Edward ".
Rowley; secretary, Harvey Craw. The
question Of National Thrift Week
was taken up and eight members OF the
board VOLUNTEERED TO talk at various
factories on own Your Home" day.
Harry Sugarman sold for the Ethol
Holding Company, Henry Southgate
president 1874 West 131st street, COX
100, a three story residence to a client
of Clarence Mohrman.
The New York herald., 1921-01-16
OFFERS WIDE SELECTION
AT THIS SPECIAL SALE

Among the parcels to be offered at
the special sale 20 be conducted by
Joseph p. Day. auctoneer. in the Vesey
Street Exchange on Thursday. jan
uary -, at noon are the four story
building at the northwest corner Of
Monroe and Jackson streets through TO
Madison street: also IN The Bronx a
half interest IN the vacant plot at the
southeast corner OF Amsterdam avenue
and 1sith street. 49.1ixi00.
OFFERINGS In Manhattan include the
tenements at 5ii-J25 West Forty-eighth
street separately: also the dwelling at
5j2 West Forty-siNth street, to be sold
with the tenement at 654 West Forty
sixth street; In The Bronx. lot on
the east side OF Union avenue, twenty
five feet north Of East l5ist street and
in Newark. y. j., the vacant plot on
Arlington and Plains streets aud
Nichols alley. In two parcels. Other
properties include the northwest corner
Of st. Nicholas avenue and ll1th street
a five story double flat with two
stores. 2o.Txi0L11. 55S Atlantic avenue
Brooklyn. dwelling 20xoO. and 26
West 12Sth street, vacant lot 25x
qg IL
The New York herald., 1921-01-16
COMPLIES TAN PRIMER.

Federal Income Tax and It's Relation
10 Real Property Is the title or tax
Information primer published by The
Real Estate Board Of New York for tho
Use OF its members Il should be avail
able on or about January rs. and viii
be distributed 20 the members immedi-
atciv on receipt.
The primer is the ouv one OF It's Kind
published 10 covers tic whole field Of
fnrdsral Income taN provisions. Treasury
department rrlirIs md important court
decisions as they apply 20 real estate.
with explanatory comment. " hae been
prepared hy Morris la Einst Of Green
baum. Won & lrnst. q specialist IN this
field. end the compilations o. regulations
and opinions has been informally re-
viewed before publication ny representa-
tives OF the Department or Internal
Revenue at Washington.
The New York herald., 1921-01-16
NEWARK TRANSACTIONS.

The Franklin Motor Car Company has
purchased the three story building. 50x
isn. ut J5S-56S Broad street from the
Real Securities and Investment Com
pany. Tho building has just been COM
plc.cd. Feist & Feist were the brokers
l'cist e. Ircist leased space In the ST
Regis Building, Park place and Centre
street TO the international Securities
Company
Louis Schlcsinger. Inc sold tho three
story frame flat. 334xiO0, at col New
York avenue. for the Orsac Realty Conn
pany TO John Beincr.
The Same brokers leased for Huylers
store and basement in 571 Broad street
toe tho Good housekeeping Appliances
Corporation.
The New York herald., 1921-01-16
$4,000. 600 Deals ON North shore.

The value OF rcal estate which changed
hands on the north shore OF Long Island
during 1920 amounted TO $4,000. 900. OK
Guiding the sales OF smaller properties
I'm suburban developments. These fig
lires were obtained from brokers be-
tween tho city line near Douglaston
Queens. ard Northport r. l. I'm an
article contributed by Henry y. Rogers
Of the Whcntley Nils Corpora tion. pub
iished in THE NEW NoRN HERALD on
Sunday, January ?. Mr. Rogers wac
quoted as saying that this total OF
50, 600. 900 worth OF sales had been nego-
tiated by his firm This wac an error
of the types for which Mr. Rogers was
not responsible.
The New York herald., 1921-01-16

i've story Eastern Hotel. at the north
east corner of Whitehall and South
streets, and converting IL into stores and
offices. The work was done by John
Bittner at a cost OF about 100000.
The United Cigar Stores has leased the
entire building Daniel Webster and
Jenny Lind both lived at times in this
old landmark
The New York herald., 1921-01-16
Market News Notes.

Edwards & Richart have placed $780,
600 worth OF loans ohs sixteen proper
ties IN Manhattan including 100000
on 165 West Twenty-siXth street
Gerhard Kuehne. former secretary OF
tho American Trust Company OF New
York. has been appointed viccpresident
OF that institution. MIR. kuehne's sue
cessor as secretary is Orie G. Kelly, for
mer assistant secretary.
The New York herald., 1921-01-16

pd
dawmgd of echatr umd dhm and ant III
mdof the Be imey s. o
hpr dh b
The New York herald., 1921-01-16
Miscellaneous Leases.

Albert B. Ashforth. Inc. leased the
twelfth floor In the Bankers Trust
building, at Madison avenue and Fifty
seventh street. to Snowden & Nc
Sweeney. Inc, for ten years. Brady &
Bowman were associate brokers.
William $. Sussman, Inc, leased space
in 117-119 West Forty-sixth street to
l.. Gevaert & Co, NoXall Film Company
and Medo Photo Supply Company.
Duross Company leased a loft in 1-s
Bethune street to the Star Candle Lamp
Company also the following stores: In
202 West Fourteenth street, to Emanuel
Gioumousis and Louis Tsakiris. for FIVE
years in 3s Little West Twelfth street
to z. j. Lawless; in 40 Little West
Twelfth street, to G. y. Hammond &
Co.. In S32 Washington street. to
August Berringer; in s33 Washington
street. to Eli Schechter, and in S34
Washington street, 10 Philip Peters.
The New York herald., 1921-01-16
Places si.755. .a5o In Losn..

charles n. Van valcn. Inc. have re-
GENTLY placed si.757,350 worth of mort
cages on thirty New York city proper
tics Among thom was one FOR S315.O0o
on tho thirteen story loft building al .
West r0rtN-scvcnth street. one FOR thu
same amount ON t1-i9 Maiden Lane.
also one for 100000 on 557 Firth ave-
nue. and for 100000 on 572 Fifth ave-
nuc
The New York herald., 1921-01-16
Realty noards Elect.

Al the monthly meeting OF tho Brook
Ign Real Estate Board held on Tues
The New York herald., 1921-01-16
Suburban Transactions.

j.. NJ Crawley & Bros sold for Mrs.
Emma J. Beadleston her residence at $50
Upper Montclair avenue. Montclair, y.
j., to NJ. J. Murphy OF this city.
William H. Smead sold 10 Arthur Il.
Russ his residence on Princeton place.
Montolair. 1O0x150. through the simpson
Merritt Company.
Robert T.. Farley Organization leased
for Mrs. William Allen her residence on
Croton avenue. Tarrytorn. y. J., 10 Mrs.
Cecil Burleigh
Ottcrbourg. Stcindlcr & Houston
bought from Jessie NJ. Reed OF Toronto.
Canada. the dwelling and garage at the
northwest corner of North Broadway
and Pine street. Nonkcrs. y. y. 222N1e0.
George Howe has sold for Charles
Tinker OF Boston. Mass. his residence
on half acre plot, in Lake avenue. New
Rochelle. n. Y.
The New York herald., 1921-01-16

Louis Marks OF Goodwin & Goodwin
sold 45 and AZ West 125th street. two
four story buildings. with stores. 40x
1o0.11. to the Bracken Furniture Com
pany which will alter upon the expira-
ton of present leases. The property was
sold for Louis Frankel. represented by
Feiner Mas. Arthur n. Sloman rep
resented the purchaser. The Braclxen
Furniture Company also leased for tenn
porary quarters the adjoining store and
basement OF 40 and 81 West 125th street
until the completion of As and Al West
12oth street
Waterman Co. Buys Newark Plant,
The General Photograph plant on
Thomas street. Newark, n. j., has been
purchased by the L. Z. Waterman Com
pany. fountain pen manufacturers. The
building is five stories high and covers
a plot 400x525 feet with an extension
50x100 through to Mulberry street. and
contains about 100000 square feet of
floor space. Leon Feist represented the
sellers and Z. Z. Bond G. Co. repre-
sented the buyers.
West Side Apartment I'm Deal.
SPOTS & Starr, Inc, sold for Charles
l.. Hoffman, committee for Adelaide +.
Brady, to John p. Flannery, the five
story apartment house at 30 West 1O3d
street, 20Xll0.
Dwelling Buying Increases
NJ. II. Gailiard & Co. sold for Mrs.
ii. j. Power. to the Drive Holding Com
pany. the three story residence, 20x100.
at 333 West Eighty-fifth street. The
building will be altered into apartments.
Albert b. Ashforth. Inc. sold the
dwelling at 127 East Thirty-first street
for Mrs. Ella Lynch to Mrs. Florence j.
Eddowes.
Charles A. Dubois resold for Law
renee s. Goldberg to Anna Kramer, the
three story dwelling, 19x99.11, at 531
West 150th street.
Duross Company sold for Arthur Cau-
wenberghs the three story house at 1926
West Eighteenth street. 40 James Doody.
The three story dwelling. 20x102.2, at
333 West Eighty-fifth street has been
sold by II. Josephine Power to Annette
Nigra. who has resold the property to
the Drive Holding Company.
Nosnibor Operating Company has sold
10 Patrick J. Tague the three story
dwelling, 20x99.11, at 107 West 130th
street.
Newark Realtors Protest Taxes.
Newark apartment house owners will
meet next Wednesday evening at 7S1
Broad street TO protest against pro-
posals to increase assessments on their
proDprties