June 6, 1914





RECORD   AND  GUIDE





1009





The association numbers among its
members tax officials of practically all
the States and of the Provinces of Can¬
ada, as well as economists from the lead¬
ing universities in both countries. Its
volumes are widely circulated through
the State, university and local libraries,
and are frequently consulted and quoted
in public discussions. The annual con¬
ference is attended by delegates appoint¬
ed by the Governors of States, Premiers
of Canadian provinces, presidents of uni¬
versities and associations of accountants.

The next conference will be held at
Denver, September 8-11. Professor Se¬
ligman of this city will preside. There
will be eight sessions in all—one devoted
to the Federal income tax, one to the
single tax and one to the subject of effi¬
ciency in taxation. Among the speakers
will be Dr. .-Vllen of the New York Bu¬
reau of Municipal Research, Congress¬
man Hull, Dr. J. L. Coulter of the Fed¬
eral Census Bureau, Prof. .\. B. Clark
of Manitoba University, G. J. Knapp of
Pueblo, Col; F. J. Dixon of Winnipeg,
F. C. Wade of ^'ancouver, A. C. Rearick
of New York, Edmund F. Trahue of
Louisville, W. Hastings Lyon, counsel
to committee of the .American Bankers'
-Association.

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PRIVATE REALTY  SALES.

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Last week the real estate situation
showed signs of improvement, not only
on account of a noticeable increase in
the volume of business transacted, but
on account of the class of buyers. Con¬
siderable surprise was manifested in real
estate circles that this season of the
year was productive of more than the
usual trading. Last week's budget of
sales apparently was not a flash in the
pan, for the market continued to be
active and to attract the numerous in¬
vestors, whose presence indicate confi¬
dence in local real estate holdings, and
as a consequence strengthened condi¬
tions.

There were a number of important
deals consummated this week, involving
properties held at several millions of
dollars. High-class West Side apart¬
ment houses still hold the center of in¬
terest. Another out-of-town investor,
from Pittsburgh, figured in a million
dollar deal whereby he became the owner
of a valuable multi-family structure at
West End avenue and 78th street. Dr.
Charles L. Paterno disposed of a simi¬
lar structure in West 109th street, ob¬
taining in trade a Broadway corner
which is to be improved with an apart¬
ment house. The boroughs of Queens
and Brooklyn contributed largely to the
business.

A number of large leases were closed,
the most prominent involving apartment
houses in West 43d street, which are to
be modernized, the Hotel Wellington,
and mercantile buildings in Perry street.





The total number of sales reported and
not recorded in Manhattan this week was
33, as against 39 last week and 19 a year
ago.

The number of sales south of S9th
street was 3, as compared with 11 last
week and 5 a year ago.

The sales north of S9th street aggre¬
gated 30, as compared with 28 last week
and 22 a year ago.

The total number of conveyances in
Manhattan was 171, as against ISS last
week, 21 having stated considerations
totaling $1,331,800. Mortgages recorded
this week number 83, involving $4,513,-
550, as against 82 last week, aggregating
$1,890,232.

From the Bronx 14 sales at private
contract were recorded, as against 9 last
week and 9 a year ago.

The amount involved in Manhattan
and Bronx auction sales this week was
$989,442, compared with $529,959 last
week making a total since Tanuary 1 of
$19,861,463. The figures for the corre¬
sponding week last year were $912,661,
and the total from January 1, 1913, to
June 7, 1913, was $25,161,690.





Squadron A Buys Rockland Farm.

The Verdin homestead and 123 acres
of land, near New City, the county seat
of  Rockland,  have  been   purchased  by





Squadron A, a leading organization of
the New York National Guard. The
farm which is 28 miles from the Man¬
hattan .Armory is ideally located for
the purposes of the buyers.

For more than two generations the
Verdin homestead has been one of the
exhibition places of Rockland county.
It was selected by a committee of the
squadron after hundreds of places had
been inspected in the last five years. The
large residence on the place is in a
beautiful grove of pine and spruce trees
and dates back to Revolutionary days.
The stone walls are twenty-two inches
thick. .\Uhough many buildings are
available for immediate use, extensive
improvements and additional structures
are contemplated. The sale was made
through   Dudley  P.   Power.





Dr.   Paterno  Trades  Apartment   House.

Max Marx has sold through David
Stewart, to Dr. Charles \'. Paterno, the
plot of about six lots at the northwest
corner of Broadway and 48th st. measur¬
ing 102.5x133.5x140.7x102.2, for which the
buyer gave in exchange the Prince Mon¬
aco apartments, at 227 West 109th street,
a nine-story structure, on plot 55.8x100.11,
between .Amsterdam avenue and Broad¬
way. The Broadway plot will be im¬
proved with a 14-story apartment house.
In June, 1912, the Bendheim Construction
Co. .sold it to Harry Schiff, who razed
the small buildings then on the premises,
and planned to erect a tall apartment
liuilding. The project was never carried
through, however, and the following
month the property was retransferred to
Max Marx, the present seller.





A   $1,000,000   West   End   Avenue   Deal.

GeorRc H. Flinn, of Pittsburgh, Pa..
luis purchased from the Cambridge Con¬
struction Co., Adolph Hirschfield, presi¬
dent, the 12-sty. apartment house on plot
102x75. at the southwest corner of West
End avenue and 78th street. In part pay¬
ment, he gave three four-story apart¬
ments, each with 50 feet frontages, on
Craft avenue, Pittsburgh. The deal,
which was negotiated by Tucker, Spey¬
ers & Co. involved about $1,000,000. Mr.
Flinn is president of the newly-organized
Flinn-O'Rourke Co., Inc., which has been
formed to construct the four East River
tunnels. Title to the New York property
passed on Wednesday subject to a mort-
gaRo of $525,000.

SSth Street Apartment Houses Sold.

The Biltmore-Bleiheim Co.. L. Napo¬
leon Levy, president, has sold through
William B. May & Co. the two seven-
story apartment houses, at 54-62 West
58th street, on plot 100x100.5 near Sixth
avenue. The buildings are in modern
condition and will be held by the pur¬
chaser as an investment. They are ad¬
vantageously located, being opposite the
SSth street entrance to the New York
Athletic Club. The seller, who acquired
the property in June, 1906, from Edward
H.  Landon. has held it at $550,000.





34th  Street  Deal  Denied.

The report earlier in the week that
interests identified with the McAlpin
Hotel had purchased from William M.
Cruikshank, the two buildings at 46-48
West 34th street, adjoining the hotel,
was denied by both of the reported prin¬
cipals.

Manhattan—South of 59th Street.

BLEECKER ST.—Van Vliet St Place have sold
for the Laux Estate the southeast corner of
Bleecker and Bank sts, an old 3-sty hotel, on a
plot 44.6x50. at the intersection of Bleecker.
Bank and Hudson sts and Sth av.

22D ST.—Goodale, Perry Sc Dwight sold for
Harriet E. Rummler. 213 West 22d st. a 3-sty
dwelling on lot 17x90.

4()TH ST.—Frederick Fox & Co. have sold
for Marian Kuhn, Hattie M. Markowltz and
Simon Meyer, the 3-sty building, 110 West 46th
St. on lot 20)fl00.5. to Charles Geoly. doing busi¬
ness as Eaves Costume Co., at present located
at 226 West -list st. He will improve the site
with a mercantile building and occupy same for
his business.





Manhattan—North   of   59th   Street.

69TH ST.—Nathan Kean & Co. sold through
Seton Henry and Douglas Gibbons two 6-sty
tenements, 503-505 Bast 69th st, on plot 36.8x
100.5.

73D ST.—Edward W. Browning has pur¬
chased, through the Douglas Robinson. Charles
S. Brown Co., and Leroy Coventry from George
B. Hoe et al., trustees under will of William E.





Business rntahllshed 1853

Horace S. Ely &
Company

This company acts as agent for
Trustees, ENCCutnrs and Owners in
taking entire charge of Real Estate.
Ma'ies appraisals.

Acts as Krn'.:er in the sale and leas¬
ing of Real E.^tale.

21   LIBERTY   STREET
489 FIFTH  AVENUE





JOHN F. DOYLE & SONS

REAL ESTATE .XOENTS
BROKERS and APPRAISERS

45 WiUiam Street           Now York City

Management of Estates a Specialty
Member of Board of Brokers

John F. Doyle   John F. Doyle, Jr.   Alfred L. Doyle





JOHN C. R. ECKERSON

Successor to THOMAS & ECKERSON

M anager of Estates, Broker, Appraiser

:(■. WEST .TOth STREET,            NEW YORK

Wallack's Theatre Building





E. DE FOREST SIMMONS





REAL ESTATE





Tel., 837-838 Plaza





2 EAST .'iSth STREET





Established 1887

CHAS. S. KOHLER

REAL ESTATE and INSURANCE

Broker and Manager of Estates

901 COLUMBUS AVE., cor. 104th St.

Higlnest References   Tel., 5504 Riverside





FRED'K FOX & CO.
Business Building Broi<ers

14 W. 40th STREET and 793 BROADWAY





O. D. & H. V. DIKE

Midtown Business
Property

CANDLER BUILDING, 2L'() WEST 42D ST.





THOMAS J. O'REILLY

Real Estate Broker, Appraiser and Agent

BROADWAY AMD  109th STREET

New York Representative of

Caughy, Hcirn and Carter, Baitimori- and

Washington

Sulfiow & Mass Co.. Minneapolis, Minn





HAROLD W. BUCHANAN

Mortgage Loans and Real Estate
49 WALL STREET