The New York herald., 1922-02-13
HOW CITIES BID FOR
INDUSTRIES TO-DAY
Subsidization Plan Has Given
Place to Safer Method,
RealtOr Declares.

THE Development OF Property for
Industrial Use" will be the subject
under discussion at the West Side Y.
NJ. C. A. real estate lecture Tuesday
evening, February IA. This marks a
change in the schedule as originally
announced, but will not affect the
course as a whole. Martin Dodge
manager of the industrial bureau of
the Merchants Association of New
York, will be the speaker.
''The long time view concerning the
industrial development OF American
citiss is beginning to predominant" ac-
cording to DR.. Dodge. This situation
is being brought about by the increas-
ing application of municipal zoning
regulations and the radical change Of
policy on the part of chambers of COM
merce regarding the development of
industrial centers. The wholesale cam
paigning methods for new industries
In vogue among commercial organiZa-
tions throughout the country decade
or so ago is now being rapidly sup
planted by a, safer and saner practice.
This involves the careful analysis of
economic conditions in urban communi-
ties in relation to the factors necessary
for the successful conduct of industry.
The various methods Of subsidizing new
industries, such as tax exemption, the
donation OF manufacturing sites and
other artificial stimuli, have been large
ly abandoned.
I'm addition thirty eight cities dur
ing the last seven years have adopted
zoning regulations which restrict the
use of territory for Industrial uses.
These regulations are based upon an
analysis of the territory within city
limits to indicate the most desirable
localities to be used for industrial pur-
poses. New York was one of the first
cities to adopt such a plan, its zoning
ordinance having been enacted in July.
1916. Other important cities with SINH
lar regulations are Baltimore, Los An
geles. Sacramento. st. Louis, Washing
ton, d. c.; Rochester. N. Y, and New
ark. N. j. According to report pre-
pared in September 1921. there were
forty-two other cities in which zoning
preparations were in progress"
Operators Sell East side Flats.
William GoIdstone and Simon Myers
have resold to an investor 163 and 165
East Ninety-ninth street two five story
four family flats between Lexington
and Third avenues. 25x100 each. The
houses were recently purchased by the
sellers from the Pierson estate. Alfred
Katz was the broker. Negotiations are
pending for the resale Of the remaining
house at No. 159
Manhattan and Bronx Company pur-
chased from the McKenna estate 121
to 12o East 1lSth street, four story four
family tenements. 20x100.11 each. and
resold No. 121 to Mrs. g. Avallone, No.
1913 to Mrs. S. Casabura and No. 12o to
G. Caporelli
David Lion sold the two five story
tenements at 1856 and 1913 Second street.
4sx1O6, to Sol Lipkin. through f. Schles-
niger.
Cotton Exchange Leases Quarters.
The New York Cotton Exchange has
leased space on the ground floor of the
Amsinck Building, corner of Wall and
Water streets. for the period from May
to May /, 1923. when their new build
ing will be under construction.
u. s. Cigars Lease I'm Flushina.
United Cigar Stores Company, which
had three and a half year lease on the
southwest corner of Main and Locust
streets, Flushing. has cancelled that
lease az of January 1 and has taken
new lease on same premises for fifteen
years at a considerable increase of
rental 1t intends moking extensive
alterations. >The leasa was negotiated
for Paul NJ. Pisculli and William III.
Wright through Quinlan. Terry & john
son.
Business Property Sales.
Manhattan and Bronx Company sold
1885 Lexington avenue, 4 four story and
store building. 20x7S, to J.. Civitano.
Lerov Styles sold to Andrew j. and
Elizabeth s. Hussey three story build
ing. 19.6x9S.9x irregular, at 81 West
Thirty-fifth street.
Frederick Etz sold to Ida Nuremberg
for $33.0Uo four story store building
16.2x1O0. at 327 Eighth avenue. north OF
Twenty-sixth street.