The opening words are "Take time to let the bow bells ring" I'm pretty sure, as the bow bells are famous in london folklore.
The lyrics in the first verse are certainly "swing like art tatum" refering to the legendary blues pianist.
I think that he says "shoot your lover down, shine your shoes" too, perhaps in to the blues song "Hey Joe", although I'm not certain.
Also, in the last verse the words are "KEEP one eye on the boys..."
Other than that the rest of the song seems accurate to me.