The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1901-06-22

THE real estate brokers are COM
planning about the dullness of the
real estate business. Not for years
says such we'll known real estate
agents as George h. Townsend,
have less properties changed hands
In Wilmington than during the past
year. Wilmington has upward OF
80. 900 population and some of the
largest Industries 10 the country
are located within its limits, but
both houses and lots appear to be a
drug on the market. The demand
tor smaller houses was never as
large as at the present time, but
no new houses worth speaking OF
are in the course Of construcuo on
IN this city.
Builders when spoken to abo ut
the scarcity of ANAL houses with
all modern conveniences. say there
is no money in building n Whining.
ton. They do not have the mouey
TO build tor investment and they are
unable to selltheir house at price
that would pay them for the risk
they take. With a tax rate by IS
cents a hundred higher than it is
in Philadelphia and no more adj
yantages, monied men will not put
their money in real estate In this
city. They prefer to invest their
money in mortgages, bank stock,
bonds and railroad shares. BY
scanning the papers carefully you
will see that very few properties
are changing hands in this city,
and not because the times are dull
but for the reasons which we stated
above. For the more rapid growth
Of the city and its future prosperity
there should be something done to
keep down the city tax rate. Real
estate has all the burden it can
bear. More houses means larger
revenue for the city. A high tax
rate means no improvement in the
real estate market.
r. G. Dun e. Co. S weekly review
of trade says; reasing distribu-
ton Of merchandise, particularly
beyond the Ohio river, including
the far Northwest, is a feature OF
the general business situation and
tells Of prosperity and confidence.
The railroads are carrying more
goods that may be classed as lux
uries than ever before, and in spite
of Wall streets slightly higher
money market, there is no fear on
this score in any legitimate trade.
Crop news continue good, there is
less trouble from labor disagree
ments and the cotton goods market
has recovered slightly with the re
ductlon of unsold stocks in print
cloths. Less interruption through
labor controversies at machine
shops makes the iron and steel in
dustres more fully employed than
III recert weeks, and tor another
week there 10 assurance Of vigorous
activity, at mills and furnaces. In
Eany instances promised deliveries
cannot be made before July lst and
urgent business that is now offered
cannot be undertaken. 1t is also
noticed that much foreign business
is available, but manufacturers re.
fuse to make bids. Failures for
the week numbered 1913 in the Unit
ed States againstl19 asst year, and
IA in Can ada against Is last year.
THIS is the day Of big corpor a
lions and the end is not yet, Della
ware under its general corporation
act, has received its share of cor
porations, whose capital reaches
into the millions. The latest cor
poration to be granted at Dover
was on Friday when the United
Railway Light ard Water Company
Of Wilmington was granted char.
ter to do business with its capt al
placed at SIS, 900. 900. The incorpo.
rators are Josiah Marvel, Ralph
Lupton and VIM. W. Luptou oil this
city. There is millions in the
new corporation for somebody.
THE teachers in the public schools
are on the anxious bench and will
be until the committee on teachers
announces the appointments. 1T
lact the teachers are more anxious
Than they have been for years. II
Is believed most of the present
teachers will be reappointed. bu,
hat there will be some changes,
goes without saying. The present
superintendent will undoubtedl
be re-appoiuted, as he has made a
most efficient official lie is the
right nam in the right place.
CHIEF MASSEY will enforce til,
law prob biting the sale OF cannon
crackers or dynamite torpedoes
Also the discharge Of a pistol, re-
solvcr or other weapons. Dealers
are not allowed to sell any gun
pistol, revolver, or other firearms
10 any body under IS years OF age.
The fire cracker "Thunderbolt
and the Uncle Sam are such
dangerous toys that their sale has
been prohibited
THE first severe rain storm OF tn
season fell last evening shortly al
Ter 10. 80 o'clock. The wind blew
md the rain came down in torrent!
accompanied by thunder and Zig hi
hing. The storm cooled the atmos