Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1894-04-05
A BIG REAL ESTATE DEAL.
Thirty two Dwelling Houses In Whining
ton Disposed of for Consideration OF
SiJ,DOO

Thirty-two Dwelling Houses In Whining
ton Disposed of for Consideration OF
$4,000.
The biggest real estate deal that has
been transacted here in some time was
formerly consummated Thursday, when
Booker & Mhitesell, commission mer-
chants on East Fourth street, sold to the
North Branch Coal and Coke Company
of West Virginia ~ houses in the lower
part of the Ninth ward for the con-
sideration of S45,G0O The dwellings
are situated at Thirteenth and Dure
streets and on Marsh Lane beyond
Eleventh street bridge. They are near
the works of the Pullman Palace Car
Company, and comprise Nos. 1888 to
1858 East Thirteenth. and Nos. 1926 to
1864 Davis street, and two corner stores.
1t is understood that Booker g. White
sell have agreed to exchange the prop
erty for S45 800 worth of stock in the
North Branch Coal and Coke Company,
a corporation of the State of Virginia,
and in view of their large holdings Of
stock the Wilmington firm will be made
directors Of the company.
The deal was made through the firm
OF Philip Il. Clark Il Company, and
Hugh 9. Browne, attorney Tor Booker
& Whitesell. The houses belonging to
the firm have been in the hands Of real
estate agents for some time, With in-
structions to sell them IN case the proper
offer of purchase was made. Four
| weeks ago Messrs. Booker d Whitesell
heard of the Virginia mine, and in com.
pany with their counsel, Mr.. Browne,
made business trip to West Virginia
and thoroughly inspected the mine. So
favorably impressed were they with the
surroundings that they made up their
minds to dispose of their Wilmington
| property for block Of the company's
stock, and accordingly the bargain was
sealed yesterday.
| The West Virginia property comprises
tract of 100 acres of land in Grant
county and the authorized capital stock
of the company is Sl50,000. The mine
is said to possess an abundance of btu
minous coal and has been tested, the
analysis proving the very best The
mine is part OF the property acquired
by the Dealiin Brothers the first part of
the present century, aud which fell to
them by the laws of the original estate
of Virginia in consideration of the fact
that they were the first to survey it and
take possession of the land, then a
deserted wilderness. The original tract
comprised, it is said, 100000 acres, and
extended across West Virginia in one
great belt, reaching almost to the Ohio
river. At the death of the Deakins the
property fell into the hands of the heirs,
who disposed Of it at ridiculous figures,
some of the property bringing 80 cents
per acre. The discovery of coal and
coke mines on the property caused 1t to
enhance in value.
The mine is close to the West Virginia
Central railroad and Is So miles from
Piedmont Five veins of coal have been
found on the property and the capacity
of the mine is about 1000 tons per week
The mine is near the land of Henry l.
Davis, ex-senator from West Virginia
and near the coal mines of ex. Secretary
OF War Stephen b. Elkins. 1t adjoin,
the great coal belt of that country. The
president of the company is j. I. Rees
The other members arc j. w. Nihiser Of
Hagerstown, Nd, and S. B. Husselmar
of San Francisco.