New-York tribune., 1905-06-07
SQUARE FOOT BRINGS S625.
RECORD REALTY PRICE.
Historic No. I WaH-st. Sells to st.
Louis lIan for S7OO,000.

The historic southeast corner OF Wali-st. anu
Broadway known as No. / Wall-st' was so-D
Yesterday for S1o00oo cash. a little more mo- .
seo5 a square foot the highest price ever pai1
ror marcel Of real estate in New-York- 10
-o + Anderson the president Oh ei4e
Mercantile Trust Company, of st LOUIS, -
the plot for a client from Edward MIt'n m ls = -
f-rosvenor s. Hubbard. Nos "a ana ~
~. ,,,,s.aes and executors Of the estate OF 'h0
late Benjamin Douglas siilinah' iHe 4o 10
u-es only o9I0 by 1910 feet, and ainciuaes ~ 90
- sae+ Al this price full lot. p by loV
eaa. ,,o,,ld he worth more than Sl,i5opoo' MI
,aa-son refused 10 divulge the name Oh inc
purchaser. but winked significantly when II "as
s,,,pes4ea that an imposing office oulioins "
be erected in the near future. o,s
-rha t,ui,dine on the lot at present is an oiu
<o,,r stor, structure and is leased 10 'iie
r-tear stores Company for three years ioi q -
a-r,,a, rental of $4,000. The lease dates -
May / 1906 The next highest prices FtalaD ann =
for nlots of New-York real estate were -
- Cot for the southwest corner of wall
&c and Broad-st-- and S34S Tor the Hoi
corner of 34th-st. and broadway
- .el sold Yesterday has for years beeh
.,,e,dere5 one OF the most valuable on Mahha'-
- 1,.,d 7. has been in the Silliman faniiy
Co. moro than half century, and the last tr'hS-
@e- xrss recorded in 1872, but was between iaeii-
hers of the family. The late BenJanln ooGs!SS
s.iIIi,nap who was known as the "Nestor oL cio
Te-rYorlz Bar" refused offer OF Souoop 40.
the plot two months before ne clea on m JaL1u -y :
"a 1902 The American Bank Note Coiipd.-S 1t
an one time had offices in TINS site anu anu IN ~
Fisk had an office here IN MS palihe va!
tha cellar are number of old vaults Wnlcn "eie
used in the war for the storage OF VaIuaples. ".
Wheeler Smith. who owns the bulldlhg at NJ -
UalI-st which fnclosed the plot sold on TWO
sides has often tried 10 buy No. / without sue
cess ,,-o- o,,ca
asked Mr. Silliman TO put price upon the IdlE;
He replied that he would take as many soLu
dollars as would cover the lot The proker rs
1,red this out and made an offer, but the craily
owner declared that he had arrived at the re-
suit by placing the coins fat, whereas ne lheaiI'
that each coin should stand upright. ..o5
Mr.. Anderson. the purchaser. g nTst 5Uhbard
asked S750000 After considerable plcheIing psing
S7O0 600 was agreed Mr.. Anderson arrlNeu
in town last Wednesday. the deal was CON-
nieted in five business days and this. too, despite
the fact that Mr.. Mitchell was called away one
day by a death in the family. Mr. Anderson
will leave here for St Louis tomorrow Inc
title will be examined and the negotiations car
1ied through bv we'll known title and guarah-
tee company in New-York. In the Igo4 TAX i., !lSI
the pTopertv was assessed for 600, or Whlch
ar7o1nt only s.. 600 was on the building. Inc
bulk Of the purchase money will eventuaily 20
to Yale University. Mr.. silliman left tne
ma ior portion of his wealth In trust luid
which reYertS 10 the institution
The drugstore which occupied the corner Tor
MANY years was of the landmarks OF the
Wall Street district. and the owner. William
wilson, made fortune. When the United
Cigar Stores Company leased the corner MT
Wilson moved inside where he pays a rental
1o-6av. in excess of $4,000 year. Mr.. Ander-
son The purchaser, the recipient OF many
oor,gra tulations last night at the Waldorf-As-
toria The deal was not completed until B O'Clock
Yesterday afterr oon, but the news was at once
mashed throughout the country. f. j. WADE
the president of the Mercantile Trust Company,
of St Louis, is of the best known nnanclefs
in the West 4 G figured largely In the purchase
OF the Philippine bond issue.