Show LIGHTS OF WW NEW YORK Y W ALTER u r TRUMBULL vu iteal heal estate tuen uniting themselves divide new york into disrie is there Is for example the grand central district the plaza district the pennsyl benns vanla district and so on one of these experts said recently recent li that the absorption power of the grand central up tip to 1929 had been about a million feet of rent lible spate space a year now there Is a surplus there of three and one half million feet from this he deduced tint that the district was wn now about three years behind former nor mat inal growth lie ile thinks the whole ft hole of lilan hattan is about three years over built it appears to be n R fact that in new york and I 1 suppose in all other places one side of the lie street in a certain area is very ery much better for business purposes es than the other side they lie tell me for instance that lint th tin greatest pedestrian travel Is between the pennsylvania la and grand central stations the mass of people on foot cross on oil tile the north side of thirty fourth street then turn up the west vest side of fifth avenue to thirty eighth street where I 1 they cross to the east side of fifth avenue to walk alk the four blocks to forty rort second street this crossing of the avenue Is explained by bv the old wendell estate a church and not the pub lie ile library being on the east side file the I 1 lie crowds cross so as to be on the side with alth the shops one of the reasons the Empl reState stare building was constructed on its present location was that it Is about halfway between the two to stations nut but in these days da that do it much good its saving asset his has been the tower people liae have been that lotty lofty view of 0 the city wool cou courtr coun lr at the rate of about a year low how long tills this patronage will continue nobody knows frank case owner of the algonquin |