The Brooklyn Daily Eagle from Brooklyn, New York • Page 50

2 BROOKLYN DAILY EAGLE, NEW YORK, SUNDAY, NOVEMBER 23, 1930. In Progressive Residential Communities Brooklyn Real Estate Board I T.L Trtaagl 81 85 to Do Business With a Realtor Zoning Cases To Be Heard by Appeals Board Garage and Gasoline Station Mattrrs "Will Be Considered Nov. 23 LOCAL REALTOR. A MEMBER BROOKLYN REAL ESTATE PLEDGED TO GIVE LOYAL TO HIS CLIENTS. IT COSTS i TO EMPLOY HIM AND HE WITH HIM A BACKGROUND RECOGNIZED ABILITY, BXPERL AND KNOWLEDGE.

MOREOVER. REALTOR'S CODE OF ETHICS REQUIRES THAT HE GIVE ADVICE TO HIS CLIENTS. YOU BUY, RENT OR SELL A REALTOR. ONLY MEMBERS OV BROOKLYN REAL ESTATE HAVE THE RIGHT TO USE TITLE REALTOR. ffc i' Si.

is '-viW a rturor fa -f ii i -T- rin iL'' ''ir ft i limit ir, T-Vvr I Pp4 rhJ Vv 'rl At THE XOOMtf MGUSH COLOMV O'- tf A 68 Ceart Street Knw Thtm hy TMt Sign It Pays SERVICE SAM tlX ADLRB SO WiUoutbBj St. TrUagla 410, T. D. SOAB a otMn a. HiTtni noe AJILLO ROSATO l2 Msatssu au SXrOBD BKAL ISTSTt hi.

l4 Horn tad at. rutbiuh stbfrkn aaawMta 331 Burl at. Coat Islaaa, aarra Dixon 135 RMuea at. Tiuasta SS30-1. ML.

BINNETT SON 48 DtUt at. BDLRLIf BOBTO 99 Ltrt Brooklyn. BSS Nortrua Brooklyn. eeo Fourth at SrooHTo. 1314 FlatbuKh AT, Brooklyn.

160-09 Jimuu Jamaica. tl Utayatt At. B'kltn lln. Otpi.) J. D.

B. BKBOIN tOI S3 Larayetta At. Natla 19 0O. LOUIS BKEB'S SONS IS MootattM Sk Tat Wala ISO. BOWABD BUM, BMLT CO.

ailSOortalyouBd, BucknlnateralOO-l CAST, HABNOM COKTAJIX. In. 14 Montaiu St. CHAtWOEl BKAL gSTATB CO. 149 Flarrapout Sb MOAB OLABK.

Ina, Root. B. Patterson, PrMMtnL 31 naonattaa a. COLONIAL COMPAMT, laa. 371 Bay Ridta At.

Atlantis 14S. SL B. BSTEBBBOOK 1483 Pulton au gSTATB OP TBOMAi B. ABBBIX 334 Platauaa At. BDWABD J.

CATMOB 44 Court St. JAMES B. OILTABBT 381 Court 81., 164 1th At. t. J.

S. OUANT 18 Uontatua BU PERMPAND BABM8, Itia. 3843 cauron At. Flatbuib 8030. AVILAND SONS, laa.

83 Pulton BU BBNEST M. BOLUSTF.B 330 Ohuren At. piaibruh 2800. P. O.

TNOWABSON CO. 72 Plttn At. an SO S3 St. JOHN P. JAMBS SO.NB 5 193.

Moataiua Su KEISEP WALTEB 141 Broadway YOUR OF THE BOARD, 13 NO MORE BRINGS OP ENCE A TRUTHFUL WHEN CONSULT IN BROOKLYN THE BOARD THE P. Realty Expert Visions PLEDGED TO A OEEATIB BIOOKLTB wiii! Architects to Compete For Better Homes Awards Brigh Outlook for Business Conditions We Have Touched Bottom of Pit of Poor Business and the Trend From on Is Up ward, Declares By MAJOR WILLIAM KENNELLY If there Is one thing that should be dissipated In this period of universal business and financial depression it is the pessimistic outlook of the average man on the situation. It is bad psychology and creates an epidemic of despair that fJlOX BtALTT OOMPAN 153 piatbura a. MaaarMia ssu. WILLIAM KOLB ais uontagu Bfc Ttlanila 1150.

OBESTKB A. LaPBTBB 187 oonooia au Ttiangts naa PHILIP LIVOI4I 315 aenataiirnoTB BARBV A. LEVINS 33 court Bfc Trltnd BABBT M. LEWIS 18 lianutuo Sb IDWABO LYONS, la. 031 Montana At.

Miayan am, 10HN MATTIA 350 Bamlltoa AT Curs Mr land IT, MABTBIDOB IS Rookaway AT. DIclHn I7a, o. mo. I 798 MoaUand At. Branca, 11S4 Platbntk At.

OHNEWALO A) DKNUKOBB 148a piatau at, Manaiitia ltrr. CBARLES PARTBIDOB SEAL ESTATB la. Platbuib A tin At. PBEDEBICK t. PBAOOCRB 103 Lawranc Bb Trlaafl ML oayid poBTca, in.

S3 Court BU LEWIS SL POVMDB I 33 Court Bb POWELL BEAL ESTATB OOMPAKT 130 latbuab An Matlnt 1000. JOBN PULLMAN BEAL ESTATB CO, laa. 741 Union Bb Tab 04 Sauta, JOHN BEIB COAUVUn BOS Platbuab At. GBABLE B. BICBUEBSOK 378 Flatbuih eor.

Bb Vark'b BIIST1M BOBBINS 18 Montagu aw TrUagl T. IVAN BUSTIN 31 Montatu at TrlanrM ISIS. P. SAUTEB AOENCt, laa, 431 Pllth At. BoulB 037.

BENBI ,4 37S-T7 Orand at. PratnaM IT, CLARENCE B. SMITH CO. 1434 Pulton 8b Lalayatt 088U I NATHAN STEBN 1133 Broadwty. Buahvlo S4.

TIMM At BKBBENS 190 Mootasu au 91. Trlaagl 340. TBI TTLEB-WABBEN CO. 11S3 Pulton et euriing sooa, LEONARD It. VACGHAN 'J 909 Pulton St.

Proapaet SS9T. 1 WESTWOOD aiALII COMPART 1 ss Platbunb At. PlatbuaB 4010, LOUIS 1 EABRLBT 15 Savtnta at. Marina nil-Ill. leaves complete latitude In the de-ign and planning of these houses.

For the 1930 awards, the floor plans, blue prints, elevations, interior details and photographs of houses competing may be sub mitted from any houses actually completed during the year 192Sv These materials must be shipped to the American Institute of Architects, 1741 New York Wash ington, so that they will re ceived not later than Dec. 1, 1930, in order that the awards can be made and announced early in January. Good Outlook For Real Estate And Financing; Title Company Official Says Investors Are Flocking to Market Discussing th mortgage situation -In Greater New York Randall Ball-. bury, manager of the mortgage d-" partment ot th Titl Ouarantfeaf and Trust Company, says: "A plentiful supply of money, for' Investment is generally considered; to be an Important factor in pro-; ductng a favorable condition in any! line of business. In this respect, the; present situation ot real estate is; peculiarly fortunate.

Owing partly: to th inactivity in a great many; other departments of business and. largely to the fact that a grsstv many investors are flocking back to mortgage Investments, there has-not in number of years been a' time when more funds were avail-: able for the financing of real estate than the present. "Although 1930 has been admit-: tedly a year of economic depres-; non, our company naa sou to in-t venter up to the middle of Novfm-j ber, 21 percent more mortgages than during the same period in 1929. In fact, our mortgage sales so far this! year are gretter than the total sale for th whole of any preceding year In our history, except one. "It Is natural that at a time llxs this there should be surmises as to the extent to which the widespread business depression would affect; real estate.

In this connection It may be said that as far as real estate concerned It finds Itself in an unusually favorable position to meet the test. Owing to the con-. Krvsiisia oi moat wnaers our ing past years, real estate generally speaking I not ovarextended far a borrowing la concerned, 'and la able to stand the deflation Incident to dcDre-eton such as wa are. The Board of Standards and Appeals will hold a public hearing, under the provisions of the building zone resolution, on Nov. 25 in Room 1013, Municipal Building, The following matters will be considered: Application of William Rirhter, applicant, on behalf of Sadie Hart-wig, owner, to permit In a business district the erection and maintenance of gasoline service station; premises 2808-2818 88th St.

and 2279-2285 W. 8th Brooklyn. Application of David J. Comyns, applicant, substituted for William F. Doyle, on behalf of All White Wet Wash Laundry Company, owner, to permit in a residence district the alteration and extension of an existing laundry building (pre viously denied remitted to the board for reconsideration by order of court); premises 46 W.

98th Manhattan. Application of McCooey Conroy, applicants, on behalf of Charles Bennett, owner, to permit in a residence district the erection and maintenance of a garage for the itorage of. more than live (5) motor vehicles; premises 483-603 Fenimore north 100 feet west of Brooklyn Brooklyn. Application of McCooey St Conroy, applicants, on behalf of Consolidated Associates, owner, to permit in a business district the erection and maintenance of a gasoline service station; premises northwest corner of Union Turnpike and Parsons Boulevard, Jamaica, Queens. Application of Irving M.

Fenlchel, applicant, on behalf of Israel Green-berg, owner, to permit in a business district the erection and maintenance of a gasoline service station; premises 440-446 Utica 868-884 Empire Boulevard, southwest corner, and 923-B43 East Mew York Brooklyn. Application of Edward P. Doyle, applicant, on behalf of Katherine Aiberti, owner, to permit in a business district the erection and maintenance of a garage for the storage of more thin five (5) motor vehicles; premises SO Downing St. and 214-218 W. Houston Manhattan.

'One Hour's Pay' To Aid Fund for Unemployed Slogan Used by Build' ing Congress in Drive to Help Laborers Preceding the address made by John W. Hooley, president of the Electrical Contractors Association, to the New' York Building Conjress membership. Commodore Hotel, Thursday, Senator Nathan Straus Jr. of the emergency employment committee announced the slogan of the building industry in its drive for unemployment funds to be "Everybody In for One Hour's Pay." Mr. Straus emphasized the fact that the success of the plan depend ed upon all those employed in the building Industry, from building la' borer to firm head, doing their part In this great drive.

Every cent of the money that Is collected will be paid as wages to the heads of Ism illes through the Emergency Work Bureau which is now placing be tween 4.000 and 5,000 men In non competitive jobs. Robert D. Kohn, president of the Building Congress, presided at the meeting. Mr. Hooley spoke on "What Co-operation Has Accomplished in the Electric Industry." The speaker outlined the-development of the electrical industry, stating that in the past 45 years the industry has done much to promote the happiness and general prosperity of the entire world.

This growth would have been impossible, however, but for the huge system of network and transmission fashioned into smooth working order by the electrical contractors. MASS BUILDING IN SLUM AREAS IS IVES PLAN Continued From Fage 1 try can be maintained on an Income that invariably shrinks during a period of financial depression such as we are experiencing in this country today." Mr. Ives Is confident that bv building such huge apartments on a cltywide scale thev can be erect-ed right In the heart of the city next to the great business centers and still be on a fair paying basis while exacting only a minimum rental from the tenants. In addition to the Tudor CHy project, Mr. Ives is also the de signer of the apartment house at 1010 5th Manhattan, and the French Building at 6th Ave.

and 45th recognized as one of the outstanding structures of its kind In this city. The medal of the American Institute of Arlch'ects was recently awarded to the French Company for the apartment at 11A0 5th whlen Mr. Ives ae.ngneo. Mr. Ives has lately returned from Europe where he ass called Into consultation by one of the leading architects of London on an apartment house project for that city where there is an Increasing tendency to adopt the building designs now in common use here.

Bt'VS FLlSHlNO HOME 8orrns Peteron, builder, sold through Halleran the one-family dwelling on the west side of 2th 97 feet south of Myrtle Flushing. The house is cn a plot 40x100 leet. with a two-car garage, nd mas purchased by John Men-Delia of Astirla. Ta-i I Turner Says Depression Is Nearing End Builder Forecasts Better Times Near in Field of Construction With the signing of the contract last Wednesday for a warehouse Xor Paramount Publix Corporation, to be built in W. 43d Manhattan, the Turner Construction Company records Its 39th contract since Jan.

1930. The volume of work ot tered today lor estimating, due to large public works programs, is the heaviest since 1921. "Unquestion ably conditions In the building Industry are most tavorable for build ing operations." says H. C. Turner, president of the Turner Construction Company.

Will prices lor buildings go lower? No one can answer definitely this question. Mr. Turner states, however, that the construction costs of his company are lower now than at any time in the past eight years. In the past the building Industry has led oilier industries in the re covery from periods of depression and the present depression will soon end. It is a deep disease resulting from overactivity from which we will recover.

OLD HEIGHTS can by no means alleviate the condition. If we are all going to be In the doldrums over an untoward state of affairs, which is slowly but surely becoming better, then recovery will be slower. When an individual is sick the state of his mind has much to do with his recovery. Many a man has pulled through long Illness by the triumph of mind over matter. One can pull himself out of a hole by optimism better than he can by his bootstraps.

This applies to the outlook on real estate as it does to everything We have touched the bottom of the pit of poor business and the turn, now, is upward. If we "dig in" the trend upward will be more rapid. A fellow never gets through college by despairing over hard lessons. The wave of cynicism that has swept the country for a year now has been the worst ever. Dispel It every chance you have.

An optimistic note is that life insurance shows an Increase of about 2 percent since the first of the year. This a form of Investment and it shows that the average man Is saving some money even if it is not a whole lot. More money Is in the savings banks than was there a year ago. At least one large de partment store firm In this city is DWELLING SOLD 7AAiAtCA BEllKOSEA SI af Building Halt Causing Much Unemployment Many Men Idle Because of the Falling Off in Apartment Construction The report of the Tenement House Department for the second quarter of the year," says Joseph H. Fink, secretary of the housing committee of the Brooklyn Bureau of Charities, "Illustrates clearly one of the reasons for unemployment, in that there has been a tremendous falling off In the construction of multiple dwellings.

"The report Indicates for the second quarter of 1930 the completion of 130 buildings consisting of 4.253 apartments containing 13.392 rooms at an estimated cost of $20,321,500. For the same quarter of 1929 there JOINS BOARD STAFF William E. Herren, former executive director of the National Association of Real Estate Boards, has become affiliated with the Long Island Real Estate Board In the capacity of executive vice president. Mr. Herren is known to realtors throughout the Iilnnd because of his nu merous visits here, conducting sales conferences for the Nallonnl Assocla- lion oi Itcsl EMate Board.

He will filrect the activities of the hoard. with the aulnanee of the divisional I secretaries, of which there are two, Lorenro Psndo for the Queens Bor ough division and Grife E. Hamilton for the Nassau-Suffolk division. In addition to the two major divisions, the board has 14 chapters. Mr.

Herren's real estate experience dates back to 1912. when he entered the field in partnership with W. H. Howrev In Waterloo, Iowa, where he Immediately organized real estate board. His career covers 10 yrais of practical, grner I real estate experience and eight years of study of real estate board problems, the needs of brokers and the vsrl- mil mrhvlm mmrnv0A hv larilnff I realtors id 7V were completed 502 tenements consisting of 12,240 apartments containing 40,254 rooms at an estimat ed cost Of $55,341,600.

"As the result of the decline in the construction of tenements, the workers in New York lost wages and throughout the country there was a Teduced demand for the materials which go into the construc tion of our New York multinle dwellings. Workers in the building industry receiving wages could not make purchases and, therefore, there was a reduction in the sales of goods by merchants. Out-of-town workers engaged in providing materials which go into construction of buildings were thrown out of work due to the lack of demand lor their labor. So they in turn were unable to continue their purchases. Many Industries Affected "This again had the effect upon the manufacturing industries in New which, to a large extent, provide the rest of the country with shoes, men's and garments, etc.

They in turn not receiving orders are compelled of necessity to slow down their output. So we again have the wheel slowed up as the result of a few broken spokes. "It may be well, at this particu lar time, to call attention to a con dition which Is likely to be brought about when the building of tene ments in New York begins to lag. "There is a demand for a better type of dwelling, due to the higher standard of living. There are more vacant apartments today than ever before, the larger portion of them being in the old law tenements, and their number is increasing every day.

There are comparatively few vacancies in the moderate priced new law tenements and the rents In those apartments erected In the past few years are holding up, for the reason that families are will lng to congest themselves either by doubling up, taking in roomers or occupying smaller apartments for their families and paying the same rent that they did where they formerly lived in larger quarters. "At the present time there Is much unemployment, but this condition must change shortly. With the Increasing population and the reduction In building, we are likely to find ourselves facing a shortage of housing when labor again is employed to Its full extent and demands sanitary homes. We were caught short once, with the result that rent lawa were passed which created a frightful 111 feeling between landlords and tenants and intensified the antagonism to such an extent that in some quar ters it Is still felt. "We must provide now for ade-I quale housing to that rent laws win seam be unnecessary.

Binia-Ing material Is at Its lowest price: there Is plenty of mortgage money. Let begin a rampelcn for the construction of moderate priced tenements." NEW TYPE HOUSE A new type house on several floor levels, with intriguing Interior, Is found In the Pembroke Homes colony on 280th St. and Pembroke Ave. two blocks south of Northern Boulevard. Little Neck.

The high living room beamed celling extends up Into the roof rafters. The upstairs may be entirely shut off, giving a complete house on the first floor. In I other words, this dwelling may be I used bungalow or cottage. To aid In eliminating faulty design and inefficient planning. Better Homes in America, of which Dr.

Ray Lyman Wilbur, Secretary of th Interior, is president, will each year award three gold medals to the architects who have designed the best small houses erected anywhere in the country during the preceding year. The medals are the gift of Mrs. William Brown Meloney of New York, who, with the co-operation of President Hoover, founded Better Homes in 1922, and still serves as Its vice president. The awards wUl be made by a committee of five architects appointed by the presi dent of th American Institute of Architects. The present head of the Institute is Robert D.

Kohn of New York. It Is hoped, the announcement said, that the awards will stimulate greater Interest among architects in the practical and urgent problem of improving the architectural de aign and planning of homes of families of moderate means. The medals are, therefore, limited to houses one story, a story and a half or two stories in height and with a cubage of not more than 24,000 cubic feet above the level ot the first This virtually restricts the competition to house of from four to six rooms, but NEW PRESIDENT Richard T. Child At th annual meeting; of the New York State Association of Real Estate Board held at Saranae, K. on Oct.

12. Rlrhard T. Child's, prominent Long Island realty man, was elected presiarnt oi tne association. Mr. Child' major real es tate activities have been in con nertlon with development work.

His Initial effort was in connection with a development of a larg tract in Mlneola which was owned by group of Boston capitalists. Mr. Child gave up th editorship of a technical magailne to represent thl group, taking charge of the lale promotion a well a the engineer ing feature of th work. Mr. Child I sn alumnus of the Rens selaer Institute of Technology, hav Ing received the degree of civil en gineer from that institution.

Last evening at th Oarden Cltv Hotel, oarden City, the Long island Rrai Estate Board gave lesnmom! dinner and rtanre honor of Mr. Child In recognition of his recent honor. Major Kcnnelly adding an extensive addition to its building. Surely it must be finding it worth while. Anotherprominent retail firm has moved into a larger ana new building.

An old and large toy concern has leased larger quar ters ior a long term oi years, and toys are a luxury mors than a necessity. Charles M. Schwab said recentlv that the Iron and steel business is showing such a strong upward trend tnat it is bound to puu other lines of trade upward. Especially, it should aid real estate. Electrical power and electrical goods are at a higher level of activity.

The prices of raw materials are advancing, which shows Increased demand. A great many more railroad securities were sold this year than last There has been an increase In radio production as well as tales In recent months. Real estate activity was curtailed as the result of reduction In general purchasing power, but this Is being offset by the Increase in mortgage investments. A year ago mortgage money was going in Wall Street at high rates of Interest, and while It has all practically returned to the real estat market at the normal rate of Interest the circumstance affords easy opportunities for real estate Investment and operation. TALKS ON INSURANCE W.

Tresckow, assistant vice president of Central Hanover Bank tc Trust Company, addressing the meeting of the Home Lite Insurance underwriters at the Hotel Pennsylvania yesterday on "Insurance emphasised the selling end and stressed the value to life underwriters of using the trust approach in selling Ufa Insurance. Mr. Tresckow pointed out that while life underwriters should devote their time to selling Ufa Insurance and not trust services, the trust approach could be employed very profitably. RETURNS- TO DESK P. Weaver, who has been associated with Charles F.

Noye Company, since February, 1908, and who In recent year has spent hi summer traveling In th Rocky Mountain cities, has returned to th company and is at its main office at 225 Broadway. Mr. and Mr. Weaver left New York early In June. TO ADDRESS REALTY MEN Speakers for the regular monthly (tinner meeting of the Mansgement Division of the Real Estate Board of New York, at the Hotel Commodore, Nov.

IS, at 8:30 o'clock, Include J. Clydesdale Cushman, president of Cushman St Wakefield, and Maurice R. Spear, preildent and treasurer of Spear it I no, BANKRUPTCY PETITIONS HER BERT J. EtlRAKTT TTLS IRC. 87 Central Intoiunlary.

Liabilities, alleitd. 17,303. WILLIAM PRANK EISH7NO. Mlllnl rhemlrall, 101-38 117IH St. Richmond Hill, L.

I voluntary. Liabilities, 8.1J.I11; Bteeta. nona. MAX HOROWrrz. lateaman.

108 Rv-a Parioati toluntarr. Llabllltm, 478: atl, rmna. SVERRB HAHerw. eootrartnr. 4r sis oluntarr, Llabllltua, 04.637; aueti.

fi ft I passing through without great dts- tresa. We are lending continually i In all borough of Oreter rrewr York and adjoining counties on Long Island. There I nothing In the situation to deter a conservative mortgage lender." Credits Activity i I I It .1 1 a in. iy naVa-fg 1 To Advertising Tne property 339 A crown a one-family residence, has been solrt for Joseph Cardinal to A. Jacohl.

The brokers Were Charle Bucr-mann Co. In commenting on the rale Mr. Buermann stated that (her has been a noticeable amount of activity th msrkrt snd ha I attributes the ma lorry of it t4 nrrwper adveiUig. The three-story and bH.pment brownstone dwelling, 43 Plerrepont northwest corner of Henry sold for the estate of Bruno W. Blerbauer, to a cllrnt of Martin Real Estate Company as broker In the transaction..