The New York herald., 1922-01-11
SUBURBAN TRANSACTIONS.
PERSONAL AND 1MPERsoNAL.

When a broker in city properties tries
to keep one eye glued on his bulgins
business at home and at the same time
attempts to follow the upward trend OF
the suburban market with his other optic
he may sooner or later require the SER
vices Of an occulist, but he certainly will
never have room for a pessiInist in his
establishment.
But Frederick Fox is not the kind of
man who would allow the possibility OF
eye strain to frighten him into abandon
ing an extended business program. After
devoting all h!c time to New York city
real estate for a number OF years. Mr..
Fox has come to the conclusion that the
time has arrived for him to branch out
into the suburbs. Mr. Fox foreeees a
heavy acreage market in Westchester
during the coming spring and summer.
Nor is it at all likely that Mr.. Fox
will need the services of an eye doctor.
To avoid any such complications he IS
keeping both of his old optics on his city
business and has taken unto himself ~
new eye. As those who read the real
estate news columns know. Frederick
Fox & Co. have opened up country
office under the management of n. Ray
mond Fox.
Physics teaches us that for every
action there Is a reaction eqral in force
and opposite In direction. Thus while
Frederick Fox Is jumping into the. SUBJ
urbs from the city--or throwing his
glance in that direction IL you are a
stickler for taking your metaphors
straigbt-the Arm Of Hamilton, Iselin &
Co. is doing exactly the opposite.
Not so very long ago Major Burgoyne
Hamilton and Adrian Iselin I'd left the
employ of Douglas L. Gilman & Co..
Inc, to go into business for themselves.
They had become specialists in the han
ding Of suburban properties, and. ma
turally enough. their private excursion
was chiefly through country fields. They
did not ignore the city business that
came their way. but they didn't stray far
from their chosen path to get 1t. Now.
however, city streets are beginning to
bristle with investment opportunities,
and just to yank the story back to the
original metaphor Hamilton. Iselin Co.
have decided 70 devote at least a part
Of one eye to the city market.
A telephone wire that vibrated with
the enthusiasm poured into II at the
sending end conveyed to us yesterday
the information that the entire issue of
the Real Estate Boards Diary and Man.
ual for 1922-comprising about 1880
conies--had been completely sold out.
This" declared the vibrant voice. rep
regents an increase In circulation of %
per cent. over the record set by the sale
OF diaries In 1921. and II augurs wen for
1928. The 1922 supply fell 1900 copies
SHIRT of the deu,apd "
The vibrant voice refused point blank
to identify itself with a definite per-
sonality, but to our trained ears II
sounded suspiciously like that OF william
J. Brede head OF the membership bureau
OF the Real Estate Board. OF course
that's only a wild guess, which derives
It's sole plarsihility from the fact that
the boards diary committee put Mr..
Brede in charge Of the advertising and
circulation.
The newly formed ?eoo Creston Ave-
nuc Corporation. representing Samuel ].
Kantor Of Norwich Conn, IN the buyer
OF tho apartment house at that address,
sod hv the Frenlee Construction Com
rany last November. II is represented
by Morrison g. Schi~. attorneys. and Is
capitalized at 100000.
Francesca Petronio and Harry Robin
son respectively are the buyers OF the
Columbia 'easehold properties at 40 and
~ West Fiftieth street. sold recently.
Abraham Dank II the buver OF SO old
Broa way. the sale of which was re-
ported on January 6.
Max Tsaacsor Il tho b~ycr Of 2i0s
Creston aver-c and Rrdoi-h W. Larhen.
heime~ of 1873 and 1875 Franklin ave.
nue.. sold recently.
Jose-h Malta fs tho renI buyer Of 42s
West Eighteenth street. sold recently.
Solomon l.. pakns In the buyer OF
IS Riverside Drive, sold recently.
Lawrence. Blaire q Jewell placed for
the Tea~rnal Building COMPANY a build
~ and permanent io.n OF $4,000, at
per cent. for ten wears. on the south
wcst corner of Thirteenth avenue and
fcifty-ffih street. Brooklyn. for the erec-
tion of four story apartment. 1oox120.
QuInlan & Leland have placed firs'
mortgage loan Of elis.coo On the six