The Brooklyn Daily Eagle from Brooklyn, New York • Page 21

3 VAST SUM INVOLVED IN NEW MANHATTAN APARTMENT, OFFICE BUILDINGS THE BROOKLYN DAILY EAGLE, NEW YORK. SUXL. JUNE 14. 1025 INSURANCE FIRM PLANS BUILDING FOR WILLIAM ST. BLOCK Imposing Buildings to Occupy Site of Car Barns, Homes, Office Landmarks in Manhattan WHY YOU SHOULD USE MULTIPLE LISTING 7 CONTRACT AWARDS PROMISE ACTIVITY THROUGH SUMMER Vast Amount of Commercial Work in Manhattan-Residential Activity Here.

At the present time the unemployment situation shows that many sheet metal workers, carpenters, electricians and architectural iron Jv SH ifHw hKi You can buy, sell, lease or exchange any kind of real estate improved or unimproved business or residential urban or suburban. A Multiple Listing Broker is posted on the real estate offers and wants of every mection of the Borough of Brooklyn. No matter what you intend doing if it involves real estate do it right BY USING MULTIPLE LISTING. Royal Company Secures Plot for Block Between Fulton and Ann Sts. for New Home.

Home. The Royal Insurance Company will build an 18-story office structure on the entire easterly block front on William st. from Fulton to Ann purchased by the company through the Charles F. Noyes Company, and Brown, Wheelock, Harris and Vought as brokers. Just as the Equitable Society, among other Insurance companies, have recently built and occupied their new building in the Pennsylvania section, so the Royal Insurance Company is planning this new home for Itself and allied Interests in the downtown section.

The remarkable growth of the Royal Indemntry Company, an allied works are out of work in the city and statistics compiled from the country at largo show thnt there is not as large a volume of business scheduled for 1925 as was planned in 1924. In spots there has been On the site of the old carbarns on 7th between 50th and 51st the Hotel Manger Is to be erected by Bing Bins. At the rear of tho hotel will be the Roxy Theater. The hotel will be the 12lli In the Manger chain. jog.ir.

iiiiiih i ii bwbi.w'Wm- fat a I. I I 15- Eighteen-story office building planned by the Royal Insurance Company for the plot recently purchased on Williams between Fulton and Ann an area of approximately feet. The site was purchased through tho Charles F. N'oyes Co. and Brown Wheelock, Harris Vought as brokers.

more activity resulting In labor shortages and increased wages by agreement, but these cases are sporadic. NTo marked ehantres have taken place in the material markets in the past week. The trend of quotations Is still downward but prices on tho majority of commodities are firm. Brick is now steady at $16 per thousand to dealers alongside dock. Less weakness Is noticeable in structural teei.

Reports from tho up-river brick yards in the Dutch ess nrA Beacon sections state that tho strike i me Dricl; workers has been ended oy me employers granting an in croase of 75 per day to all em ployecs. Arrivals and sales continue to bo brisk and the price has been firmer than for many weeks. Transactions in the North River maritec ror the week ended Tuesday, June 9, show 43 arrivals and 44 sales. Distribution: Manhattan. 13; Bronx, Brooklyn, 12: New Jersey points, Astoria, Flushing, Yonkers, 2, and Mt.

Vernon, 1. Construction Situation. Construction activities for the first week in June show a decided rtooiir, from those announced during the corresponding period In May. While mis condition is attributed to sea sonal causes, the general opinion among close observer of th ing industry in Greater New York is wis recession snows a gradual d.vu,nuinni5 or. operators to the possibility of overproduction in certain classes of development.

The vast amount of work under way or planned in Manhattan alone for commercial buildings and high class apartments according to recent surveys made by the Record and Guide Indicates a healthy situation for the summer and fall. In the other boros improvements are principally along residential lines in sections that have not been built up or that have been unusually exploited as desirable sites for homes. One of the best evidences of the stability of the Industry In the city Is the entrance into the active field of some of the large Industrial and financial institutions whose projects total many millions. Several operations that have been made public in the past week or two have involved an investment of approximately $5,000,000 for the land and building. Among the contracts let are those for the new Manger Hotel and the Roxy Theater on the 7th ave.

car barn block; the Farmers Loan and Trust Co. opposite the Public Library: the Royal Insurance Company building on William a loft building on the east side of 8th ave. between 36th and 37th and the new Harrlman building on the elte of old Delmontco's. Many other similar ventures but of lesser magnitude axe going ahead. Casting its shadow on the future is the labor question.

Reports from some sections of New Jersey, par ticularly Essex County, state that carpenters, bricklayers, roofers, steam fitters and sheet metal workers are receiving more money per day than their associates In these trades in New York' Borne of the New Jersey employers I have signed from two to four-year agreements beginning July 1 with their men at the higher scales, and while the allurement of greater wages will drain the Metropolitan territory somewhat through the retention of skilled mechanics in these trades living In New Jersey and now working, here, local builders believe the quantity of work across the North River is not sufficient to keep them occupied for any great length of time. At any rate, the feeling is prevalent among the leading general and sub-contractors here that the trade-unions in the five boros will not follow the example of their brethren In Jersey when their agreements expire Jan. 1 and thereafter. They do not believe that the unions will place themselves In the position of demanding higher wage scales, for such action will eventually mean that the unions will hold an empty bag In 1926 due to the obvious curtailment of production and construction. "The higher the men get up on the wage scale," said a well known authority on the subject, "the greater will be the fall and the harder.

The building publlo cannot stand any further Increases In material or labor costs and when they realize that these prices are too high they will pot build. ZONING PROBLEMS TO BE DISCUSSED BY STANDARDS BOARD Applications Relative to Garage Matters Prominent on List, June 16. The Board of Standards and Appeals will hold a public hearing, under the provisions of the building zone resolution, on June 16, In Room 1013, Municipal Building. Manhattan. The following matters will be discussed: Application of John J.

Dunnigan, applicant, on behalf of Hugo Selden-berg, owner, to permit in a residence district the maintenance of a building used for store purposes on the first story; premises, 129-02 Newport northwest corner of 129th Belle Harbor, Queens. Application of John J. Dunnigan, applicant, on behalf of Max Katz, owner, to permit in a business district the erection and maintenance of a garage for the storage of more than five motor vehicles; premises, 809 Union the Bronx. Application of John J. Dunnigan, applicant, on behalf of Frederick P.

Ballard, owner, to permit partly in a business district and partly in a residence district the alteration and change of occupancy from a stable and private garage to a garage for the storage of three commercial and two pleasure motor vehicles, two spaces rented to persons not residing on the premises; premises, 708 216th the Bronx. Application of John W. Clancy, applicant, on beholf of Valballa Corporation, owner, to permit in a business district the erection and maintenance of a garage for the storage of more than five motor vehicles; premises. 341 E. 184th northwest corner of Marion the Bronx.

Application of Edward P. Doyle, applicant, on behalf of Brechei Building Corporation, owner, to permit in a business district the erection and maintenance of a garage for the storage of more than five motor vehicles; premises, southeast corner of Washington ave. and 5th Long Island City. Queens. Application of John J.

Dunnigan, applicant, on behalf of Joseph Zimmerman and Abraham Mttchel. owners, to permit in a business district the erection and maintenance of a garage for the stornge of more than five motor vehicles; premises, 166-172 S. 1st. Brooklyn. Application of Henry I.

Ferlln, applicant, on behalf of Bertha Freitag, owner, previously dismissed for lack of prosecution to permit in a residence district the maintenance of a garage for the storage of five pleasure motor vehicles four spaces rented to persons not residing on the premises; premises, 380 Etna Brooklyn. There le a Multiple Lilting Broker in your own neighborhood The Multiple Listing Bureau of the Brooklyn Real Estate Board BRITAIN NOT YET LIKELY TO RESUME BIG FOREIGN LOANS New York Will Hold Money Bags for Time Being, Says Bank of America. The immediate effect of England's resumption of gold payments has been the reverse of that feared by some observers, declares the Bank of America in a survey of economic trends, arlding that London is not likely to lose much, if any, of its gold holdings through actually redeeming sterling bills in gold. "Three important effects of England's return to the gold standard should be noted by American business men; first, the influence on our foreign trade; secondlv, the possible change in our gold holdings, and hence on interest rates: and thirdly the probability of the return of Ix)n-don as the great financial center for the lending of capital. "The United States continues to export large amounts of gold everv month, a movement which would have caused alarm before the war but has largely lost its significance because of our overflowing storks of gold resulting from heavy war-time shipments by belligerents to this country.

During April $13,000,000 more gold was exported from the United States than was imported, and during the ten months of the current, fiscal year fully $110,000,000 more gold was exported from this country than was imported. "The third effect of the resump. tion of gold payments in Great Brit ain, which has been followed hv similar action in Holland, South Africa and Argentina, is the greater relative Importance of London as an international capital market. In the long run, the British will undoubtedly regain some of their prewar position as the holders of the money bags for the more undeveloped nations. However, at the present time, the attitude of the Bank of England is to discourage tho export of capital for fear It will cause a fall in sterling quotations and thus bring about a heavy export of gold.

Furthermore, the flood of money to the United States during the past few years has caused interest rates here to drop to a very low point. "Hence, for the immediate future at least, it is not likely that London will seriously compete with New York bankers for foreign loans." STEADY GAIN IN U.S. BUILDING PERMITS All Cities Indicate Cain Over May, 1924, and Increase for Five Months in 1925. A gain over May. 1 924.

of 16 percent and for the first five months of the year 4 percent is shown in building permit reports made to s. W. Strauss Co. from 365 cities In the United States. The total for this May was $393,.

Each cf the four regions of the country showed gains over May. 1 924. In the East 104 cities had a gain of 14 percent; 118 Central cities i percent: 64 Southern cities 40 percent, and 79 Pacific Western cities 18 percent. The J5 leading cities, including (ireater New York, showed a gain over May, 1924. of 21 percent.

New York's Increase was 9 percent; Chicago 2S percent: Detroit 1 percent: Los Angeles 89 percent, and Philadelphia 32 percent. Los Angeles for the first time since January went ahead of Philadelphia, which stood tilth in May, with Washington sixth, two cities ahead of Its April position. Boston rose from twelfth In April to seenth in May. Miami strode back in the 2.S leading cities to eight place, with a gain of 380 percent. Rochester rose from twentieth place in April to ninth In May; Pittsburg from thirteenth to twelfth.

Springfield. came into the 2S list for the first time. Cincinnati rose from nineteenth to fourteenth; Milwaukee from seventeenth to filteenth; Dallas from twenty-fourth to seventeenth; Kansas City from tw ent y-four'h to twentieth: City returned to a headllner position after a long absence; Portland, tire, rose one place, to twenty-second: "le eta nd. San Francisco, Newark and Baltimore were the only leading cities which showed losses from May, 4. If the 365 cities reporting to ft.

W. Straus Co. show as well In as.thev did lii May thev will be well 'over a total for the first half of the year. Auction Sale at Kldgcnonrt. P.idgewood, I to have its first auction sale hn Howard W.

Scott will dlsp-se of 185 residential sites loo-iteil on Lincoln ed we Kil th" very edict- of Cblgewood's finest homes, rhe property can be reached by taking the Krie Hailroad at Jersey City P.ldm wood st.itb'n Ruxoea this station pass he property. The terms announced art 10 on the day of sale and 70 per mt on mortgage. Free title poll ics will be sued to purchasers. Institution, particularly in recent years, has had a sensible influence on their decision to build a building which may give them much more commodious quarters. An aggregate rentable area of approximately 25O.H0O square feet is distributed in large open, higli-ceil-Inged, well lighted spaces particularly well adapted to Insurance office occupancy.

Twelve hlgn speed elevators of the most lm-prqved type will serve the upper stories. Stairett Van Vleck. architects both for the new Royal and the new Equitable Life buildings, have planned the building with three entrances; an arcade leading from William st. with cross arcades from Fulton and Ann sts. Subway entrances on Fulton and Ann sts.

and from the main hall will give access to a baeement shop arcade. The building is designed in granite, limestone and medium tone brick in the restrained style of the later period of the Brothers Adam, the upper stories having their exterior walls set hack from the street lines, in accordance with the Zoning Ordinance. This is the third move of the Roval Company In their long par ticipation in New York business his tory. Occupying for many years their building at 60 Wall necessary expansion and changing business centers led them to build their present beautiful building on ihe northeast, corner of Maiden Lane and William which they have occupied since 1908. An approximate nine months were required to close the transaction in order to secure cancellation of all leases.

In assembling the site 13 separate parcels were secured. Manhattan Tvansaceions. tcioi Bernard Reich as president of No. 20 K. 4lst Street Corporation bought 18-20, a 20-story building, 50x100.

and 22-24. leasehold, title held by Maude Adams Klskadden, 2500, securing a loan of $1,250,000 from Hoagland, Allum Co. The 'property was appraised by Romaine Brown Company and W. Pease Jr. at $1,825,000 and It was held at $1,900,000.

Rentals are over $230,000. The purchaser was represented by Irvins Gordon, Gordon, Tilly Gordon: the seller bv Mr. Baskerville of Mlddlebrook Borland; Hoagland. Allum W. Osgood of Noble, Morgan Scam-mel, attorney.

Louis O. Cohen. Barnett Schmith, Hyman Katz bought through Morris Jahlow, attorney, 80x100, four dwellings. 336-341 W. 86th from Joben Trading Corporation, site for 20-story apartment hotel, through A.

VV. Wolff. Benjamin A. Hartstein represented the seller. Tliey have built large houses near Prospect 1'iirk.

Brooklyn. Wood, Dolson Company sold through H. F. Coates for De Peyster Realty Company. Myron Osborne, seven-story elevator apartments, 72x1 1 7, 21 29-2131 Broadway, between 74th-75th three stores, rents of $75,000.

held at $700,000, to Michael A. Hoffman. Buys Apartment Suites. The Queenshoro Corporation sold two' apartments in the Cambridge Court, at Jackson Heights to B. Miller of the Madison Square Hotel and to L.

Miller of 353 Fort Washington ave. The former has puprchased Apartment 1 at 69 29tli st. and the latter Apartment 21 at 91 29th st. This eroup of apartments has been on? of the most attractive to buyers at Jackson Heights. It Is of Colonial design and has the sun parlor feature such as Is found In Hawthorne and Elm Courts.

prlce close to that figure was paid In the recent sale. Other sales negotiate'! by the West wood Realty Company are; PI it on E. 54th near Ave. A. for Del i-niere Corporation, to S.

c.anz for Improvement 67 St. Paul's on plot Irregular, for Mackenzie Estate, to Turner Building Corporation. The house on the plot is to be demolished and the land improved with a large apartment. No. fSS St.

Paul's on plot 7i200. for St. Paul's Church, to Tinner Building Corporation. The house on this plot also will be demolished and the plot Improved with a large apartment Hot, 40x100. on W.

4th near Ave. I', for l.lnthrop Itealty Company, to Alfred .1. Hubbard for ltnpro ement .173 Parkslde a private for D. Clinton Whiting to William A. Ferris for occupancy; Miiple a private dwelling, for Hannah Whitehead, to Marie K.

Casey occupancy; 1841 Cat on ac. a dwell Ing. on plot 4 7 1 0 for Katlierlin Powers, to s. lick ma 111! iirear a dwelling, on plot 66x1. foi Beatrice D.

to Prank am" Bedford a fonr-faiullx apartment, for Philip E. (lood, to M. McMonngle, for Investment. 4 I If i Jfe tr New Langham apartments. Central Park West, between 731 ami 74th Manhattan, on which the Prudence Bonds Corporation lias made a first mortgage loan of A group of fino old brown-stone residences were demolished to make way for this multi-family structure.

TEN BUILDINGS IN NEW FLUSHING APARTMENT PLANS The Elwood apartments being con structed In Flushing by the Lorcress Realty of which H. M. Lorey is president, are fast nearlng completion. These three houses cost $800,000, mark the progress of the locality and represent the first of a group of ten on the schedule of this large apartment house operation. It Is planned that the apartments will be ready for occupancy not later than Oct.

1. The buildings are four-story, fireproof units, 40 by 70 feet each. They are being built In brick and stucco on concrete foundations and, to enhance their desirability, 26 feet apart, set back 15 feet from the building line. Forty-seven rooms to a building comprise 16 suites o.f two, throe and four rooms, dining a'lcove, kitchenette and bath. They are located at Crocheron ave.

and 28th overlooking Broadway. The efficiency of the electric train service on the Long Island R. R. brings Flushing so close to the heart of New York City as to make projects possible. Metropolitan conveniences, combined with the beauties of suburban environment, are becoming increasingly popular.

New Lawrence Home Sold. H. Frankfort Son, sold of Aaron Rosensteln to Emanuel Grlen the two and one-half story brick veneer building under construction, on the east side of Margaret south of Broadway, Lawrence, L. I. To Build at Far Rockaway.

Lewis H. May Company sold for Richard Glpson a plot on the west side of Glpson near Clinton pl Far Rockaway, L. to Bruno Campa, who will Improve the land with an all-year brick dwelling and garage for occupancy. The laying of the cornerstone of the Shealy Memorial Dormitory at Mount Manreea, Fort Wadsworth. S.

will take place tomorrow at 2:30 p.m., to which the public is invited. The new edifice Is a memorial to the late Rev. Terence J. Shealy, S. founder of Mount Manresa and the pioneer of the retreat movement in the United States, which is being erected by the retreatants and friends of Father Bhealy, who contributed $80,000 In cash and have pledged an additional $30,000.

Charles A. Fltzslmmons of this boroT president of the Laymen's League and his band of retreatants were the first to contribute. The cornerstone will be laid by the Rev. Lawrence J. Kelly, 8.

Jesuit provincial of the Maryland-New York province. The speakers will be the Rev. Daniel J. Qulnn, S. superior of the Laymen's League Retreat; the Rev.

John F. Wlckham of St. Brendin's, Manhattan; Charles J. A. Fltzsim-mons, president of the Laymen's League, and John S.

Keresey, one of the best known orators In this boro. .1 "Coney Island has all-year-round population of 80,000 with suhurhH'i Brooklyn, and Long Island, sueh as Rensonhurst, Huth Beach. Brighton Beach. Ulnier Park, Sc. 1 Gate, Mheepsliend Hay and Manhattan Beuch to draw from.

Tho nrw theater 11 situated across the alien', from th" H. M. $3,000,000 depot and In the heart of the amuxement section. Here all of tho island ar-rive, and here we hope to make the corner a sort of Coney Island 'llrnadwav and 42d The Chanin Company recently Garden City Deals Oliver Chichester, as broker, sold in the Nassau Boulevard section of Garden City, on the east side of Kll-burn south of Salisbury a pew cottage, on a plot 60x100, for William L. Enequlst, to Robert Nehrbas of Brooklyn.

The broker also sold the following plots for improvement: On the west side of Nassau Boulevard, south of Newmarket 100x160, to D. R. Aldworth of Garden City; 120x100, southwest corner of Euston rd. and Newmarket to Maude Strickland Pette of Garden City; 100x132. on the east side of Whitehall Boulevard, south of Newmarket to F.

W. Losee of Garden City; 80x100, on the west side of Wellington 60 feet north of North to IS. L. Kasemeler of Brooklyn; 80x100, northwest corner of Kensington rd. and Chester to George Gunther of Brooklyn; 120x100, east side of Wellington south of Newmarket to J.

D. Teare and George McCartney; 80x100, southeast corner of Kensing-tcn rd. and Salisbury to Oscar Rimey of Brooklyn; 60x100, northwest corner of Kensington rd. and North to Charles Hilkemeier of Brooklyn; 60x100, on the west side of Brixton south of Salisbury to Howard M. Smith of Garden City; 60x100.

on the east side of Wellington between Salisbury ave. and Chester for Augusta M. Witte; 60x100, on the east side cf Brixton south of Newmarket for Judge Leander B. Faber; 60x100, east side of Kilburn south of Salisbury, to Dorothea Whiting of Brooklyn, and 60x100, east side of-Brixton between Stratford ave. and Newmarket to William E.

Lyons. TO SELL ELMHURST LOTS Two hundred and eighty seven business and residential lots In the most active building section on the north shore of Queens the Junction ave. section of East Elmhurst are to be sold at auction by Joseph P. Day on Monday evening, June 22, at 7 o'clock, on the premises, on Junction rain or shine. 1 On part of the property to be sold, sidewalks and curbs have been installed.

The lots to be disposed of are located directly on a line with the Junction ove. (37th st.) station, on the Corona division of the Queens-boro I. R. T. and B.

M. T. subway; also on Junction ave. and the route of the Junction ave. trolley line, which passes the lots; also on Sigel Mansfield Dltmas 38th, 39th and 40th sts.

Eighty percent of the purchase price may remain on instalment contract. Junction ave. Is the center of one of the most active building movements ever recorded in the history of Queens, and the lots to be sold are in the Immediate vicinity of this building activity. -i'liW' completed a modern theater known ns Char.ln's 4tfth Street Theater, leased to the Shubert Interests, and are now erecting two theaters on W. 47th sl between Broadway and 8th Manhattan.

The sumo company will also erect three theaters on W. 44th running thriugh to W. 45th between Hroadwsv and 8th and a 20-story ho'el on the block fr-ttntf on the efcst ato Sih between 44th and 4fith adjoining these three theaters, on one of the largest Astor holdings. St. Albans Active The two important improvements In St.

Albans which account for the unusual real estate activity in the locality are the installation of as and the electrification of the Long island Hailroad. These will enable many city dwellers to enjoy the ad- vuuiasea oi me suourbs and yet 110..0 every eiiy convenience within a half-hour's ride from Penn Station or Flatbush Brooklyn, as the running time since electrification is 26 minutes. Anions the many building operations of various priced homes is the St. Albans Associates development at Farmers ave. and Estelle st.

The first 25 houses out of 125 being built are nearing completion. Estelle st. is close to the station and golf club, and in the established restricted and built-up residential section of St. Albans. These bIx and seven-room houses are on plots that vary from 40x100 to a quarter-acre.

The architecture of the nine types of houses is Dutch Colonial and in keeping with the other homes in the neighborhood. NEW JERSEY ACTIVE Among recent sales negotiated by the Board of Realtors of the Orange's and Maplewood Is that effected by John J. Whelan of the one-family house at 383 Sprlngdale East Orange, owned by James MarGralii and purchased by C. A. Miller of Orange.

The East Orange Real Estate Brokerage Company sold to Henry E. Freytag of East Orange the one-family house at 8 S. Maple East Orange, owned by Mrs. Edith P. Striker of East Orange.

J. Lewis Fiacre has sold the new one-family house built by Ernest Roll at 624 Prospect Maplewood, to H. Taylor of Maplewood. Another Maplewood sale was the lot at 5S Dunnell owned by Arthur J. Boyle and purchased by the Jersey Investment Company through O.

S. Brown Co. Mack Falke said to Fred W. Schlosstern of East the one-family house at 41 University South Orange, owned lv Philip H. Clifford.

E. E. Hughes Brother have sold the vacant land on South Orange Just west of Rynda South Orange, owned bv H. R. Bauer and purchased by John J.

Tromans of Irvlngton. Slatcn Island Lots in Demand. Marked activity on the part of the small Investor for home sites on their now Elting Gardens development, located at Eltlngvillc, S. is reported by William E. Harmon Co.

Many of the new purchasers will break ground shortly for their new homes. The firm made the following sales: Southeast corner of Walnwrlght and Gurley aves. to John J. Hawley; northeast corner of Walnwrlght and Wat kins aves. to Louis Greenberg; southwest corner of Walnwrlght and Genesee aves.

to Frank E. Dagmar; northeast coiner of Laredo and Walnwrlght aves. to Joseph Garrett; southwest corner of Walnwrlght and Augusta aves. to Frank Peterson: southwest coiner of Walnwrlght and Macon aves. to Charles M.

Slegal; a block front on Barlow ave. running east from Walnwrlght ave. to John A. Sherman; practically an entire block front on Reading ave. running east from Richmond ave.

to Samuel (inn-chow; half a block front on Walnwrlght ave. running north from Reading ave. to Joseph Ledwlth; practically an entire block front on Walnwrlght ave. running south from Leverett ave. to Anna and Christian Olsen: a block front on Walnwrlght ave running south from Barlow- ave.

to Ernest Kwartler; plots on Wat-kins ave. east of Walnwrlght ave. to Christian Johnson, Frank Barrett. Theo. A.

Nelson. Philip Jackson; plots on Leverett ave between Richmond and Walnwrlght aves. to John F. Desmond, Albert Lennon. Charles Watson and Oscar Juson.

To Attend Convention. New York City will 'be well rp-resented at the eighteenth annual rrnventlon of the National Building Mnnagers and Owners Association, which will be held In the Hotel Stat-lrr, Cleveland, next Monday lo Friday, inclusive. Many members from this city made reservations for themselves and their wives and the social features of the gathering will le notable. Lee Thompson Smith of Pease Elllm.in. who Is president of the National Association, left with Mrs.

Smith for Cleve. land on Wednesday evening. The convention tr.iln leaves Pennsylvania Ststlon on Sunday mornlnc at 8:50 o'clock. Eastern Standard Time, via the Lehigh Valley line, at the 32d st. entrance of the nation.

The route Is to Uuftulo ami then by steamer to Clcelnnd on Luke Erie. The arrival In ('level. wilt be at 7 o'clock on Monday morning. Arrangements to attend the convention may be nwii through Chailes F. Merrltt, secretary of the Building Managers ami Owners Association of New York.

Some of the New York contingent have planned to go all the way by automobile. ENGINEERING CONTRACTS ABOVE BILLION MARK The value of engineering construction contracts let since tho first of the year now exceeds the billion mark, and shows a gain of approximately 8 percent, compared with the corresponding period a year ago. The total value of large projects, on which contracts have been let, from Jan. 1 to date, amounted to as against a total of $959,828,000 In the same period of 1924, Engineering News-Record reports" Contracts let in the week just ending amounted to $44,954,000, which compares with $50,886,000 in the preceding week. Minimum costs observed in arriving at these figures are: $15,000 for waterworks and excavations, $25,000 for other public works, $40,000 for industrial plants, and $150,000 for commercial buildings.

In the building materials market declines are only slightly in excess of advances. Some firmness is apparent In cement and tile in Southern territory, while weakness prevailed In certoln Items In the steel list in Western cities. Cast-iron pipe is easier In Canada. Recent weakness in the pine lumber market in New York Is offset by steadier conditions in fir in the Denver district-Brick is slightly cheaper In San Francisco. The New York brick market Is affected by a strike in the Hudson Rivi yards, which should result in a scarcity and consequent rise in price.

No definite trend is shown In the linseed oil market. Pig-iron demand has been slowly gaining momentum. WESTCHESTER DEALS Flood Ehrhart, sold for J. B. "Van Haelen his brick colonial home on Walworth White Plains, to S.

Y. Austin of Manhattan, who purchases for his own occupancy. The residence contains 11 rooms and three baths and is surrounded by a very attractively landscaped plot of about three-quarters of an acre. The property was held at $66,000. Lawrence Bruce closed a number of sales during last week.

For Catherine Sherlock they sold a residence, on the corner of Midland ave. and Lynton pl to Stewart Maurice. The property was held at $21,000. For Oscar PeterBon, a new residence on Longvlew to Francis Schwoerer of 681 6th and for Fred Olsen a house In course of construction on Coolldge ave. to John R.

Hurley of White Plains. This house of seven rooms and two baths was held at $19,000. This is the last house sold by Fred Olsen on Coolldge ave. to local residents before completion. Mrs.

M. D. Kling, realtor, of Scars-dale, has sold for Benjamin Adler of Scarsdale two lots on Hamilton rd. to Laura M. Clark of Scarsdale; for Mrs.

Florence I. Keller, her home on F.lm rd. to Mrs. Mary J. Bold of Hartsdale.

The property was held at $24,000. For Crane Fountain of Scarndale, two lots on Hamilton rd. to Henry W. Bacon of Scarsdale, who will build a seven-room stucco house: rented for the summer the home of Mrs. Florence Reld Krdwurm of Hartsdale to Sidney Frnger.

and sold for Margaret J. Geogliegan of Hartford, two lots on Madison rd. Long Island Places Hcnted. John F. Scott has rented for Dr.

J. fames Weeks his house known ns Menauglia" on Hollywood Crossing, Cedarhurst. L. for a term of three years to W. F.

Hollo-way of for Thomas Plerson his place of four acres on Lakeside to th Hev. tillhert S. H. Darlington: for Mrs, S. Htmonds her place In the Hewlett Hay property to Walter Trimble, president of the Bank for Savings, New York: for Mrs.

It. E. Sealy her house nt Iiwrenee Beach, known as the "Lincoln Cottage." to Mai. T. Donaldson Sloan of the I'ntted States Army; for Herbert A.

Weeks his house known as Kewsy. din. on Hrlnrwood Crossing, Cedar-litnst. to Dr. K.

Livingston Hunt, and for Sigourney B. Olney his place on the East Rockaway Hewlett, to George P. Bratin. Tc Improve Slatcn Island Plot, Cornelius O. Kolff, have sold for the Hilltop Development Company, 60 lots on Chester pi.

and Clark lane In the development known a.i Hilltop, off Gebra ave. and Victory Tompklnsvllle. Staieu Island. The after laying ewer, ridewalks, and water, will erect one-family houses on the' plot. This property was the site of thi residence of Chester K.

Clark, who now resides In Vermont. Attractive Flatbush Home Figures in Active Market Coney Island's First All-Year Theater. Completed Last Week; In Chanin Group The Flatbush section figured prominently in the real estate market the past week. The deals show a continued demand for beautiful homes and the prices paid for the property reflect a steady upward trend In values. The Westwobd Bealty Company was the broker in many transactions Invohing new private dwellings, two-family houses, apartment buildings and vacant land purchased by builders for improvement In the near future with one and two-family houses.

Prominent among the deals w-s the sale of the attractive brick dwell- 1 i. 3 i i mi Ing 98 Lincoln which the West-wood ltenlty Company, as brolier, so, for Mrs. Doris Boseerans to a client for occupancy. The house is one of the finest In the untlon and Is built on a plot of ground Mixing It Is tilled throughout In the most expensive style, n.ost of the wood being birds-eye maple. It was constructed according to plans approved by Mrs.

Boseerans by one of the most reliable builders in the boro. The property was held at and, according to the realty firm, a 1 i I re 1 1, LL2U I'll The newest link in the Loew chain of theaters, Loew's Coney Island at Surf and Stlllwell and built by the Chanin Construction Company, will be formally openod Wodnesday evening, June 17, with Marcus Loew and a large party of stage, screen, radio, cabaret and newspaper celebrities in attendance. The now theater will present pictures exclusively, except with the week o'f June 22, when the Siamese Twins, Violet and Daisy Hilton, will be Introduced as an extra added attraction for the week. Hhere will be a concert orchestra and the theater will operate the year around. The theater has a seating capacity of 2 600, and a large stage fully equipped with all the modern accessories for legitimate productions, vaudeville and motion pictures.

The Interior of the Is finished In gold and cerise, and the general architecture Is in renntssance style. The ceiling dome is 66 feet in diameter and has an eloctrlo fixture hung from the center 24 feet high and 12 feet In diameter and welghlnq two tons. This fixture Is one of tho largest ever installed In any American theater. It Is made of wrought Iron trimmed with crystal and finished in polychrome colors. It has direct lighting features.

Four we.Un were required and six men to assemble the fixture and hang it In place. Another feature of the theater is the organ. Commenting on the completion of the theater, Irwin S. Chimin, president of the Chnnin Construction Company, says: "Our original plnns were for a small theater with BOO seats In a two-story building feeing Surf but after studying-the conditions we realized the great need In Coney Island for an iill-yeur amusement, and I believe we hjv sntlsfied this need. We spent over $2,000,000 to build the theater building, and spared no expense to provide facilities that will at-tract the finest business and amuse-laeat veulurea..