The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-23
REAL ESTATE RI MORS.
Brokers Are . GOssipS Tot and Don
need Much Evidence.

Property oWnsrs Aro OftSA At n lOss
20 account for rumors concerning their
holdings which get into the papers. Last
week the Adams Express Company WAS
reported In an afternoon paper TO have
sold the vacant plot at the southeast
corner Of Seventh avenue and Fourteenth
street The report was based on this fact
that several days before surveyors were
seen at work on the property. This at
tracted the attention VI the real estate
sharps Of the section. and Immediately
II was whispered about that tn" Adams
company had sold the plot. The report
reached the newspaper in question last
Monday and was published as a scoop.
An Official of tho company when asked
90 verify IL said there was absolutely no
foundation Tor the report When cross
examined about the surveyors he said:
-HAl Hal Now ! $50. Well those sur
veyOrs were sent up there TO settle n
dispute with neighboring property
owner over the location of our fence.
SEVERAL wears ago HeArn \ Co.. on Four
tessnth street. were report ed to have taken
Ahmans store ON Sixth avenue. This
rumor originated IN the circumstance
that James Hearn. head Of the company
had been seen entering the Altman store
at Fifth avenue and Thin v fourth street
a number Of times ia = short period
The Altman company han Just moved 20
Fifth avenue and the Inference therefore
was that Nr. Hearn was after AltmAn'-
sixth avenue store. II came o,n after
ward tina; Mr.. Hearn's visits to the
Altman store were connected with
trade matter in which both firms were
Interested
Only about two month ago a real est ate
broker confided to a reporter thar Stem
Bros. were going 10 move up to the
block above Mays. purchased recent ~
by the Shuberts. The members of the
FIRM were surprised when quest IOned
about the story. IL developed that ore
Of them had been near The property a fsW
days before, and a. Mr. Shuhert had
announced Just after he bought the block
that prominent depar n ment store had
offered him profit the brokers magma
I ION did the rest
story came out of Fifth avenue several
months ago TO he effect that the Crockett
house AZ Fifth avenue and Sixty -fOuTfh
street had been sold The properly
had been IN the market for some time
Dne morning the For sale sign was
had IL that some millionaire further down
on the avenue had been crowded out bv
business and had purchased the corner
for new residence. Several brokers
hintcd they knew the buyer. but couldn't
say who he was just then. A reporter
who huSt ed around to the agents for the
properly learned that the For sale sign
had been removed because the heirs
of the estate had brought a partition suit
I thereby making 1t impossible to aei. NJ
private CONTRACT
OF course rea. est ate rlimors based on
circunst antial evidence frequently turn
out To he not far wrong. This was he case
with a rImor apent the Gimbel store
al Sixth avenue and Thin v third ~ rect
About two years before the lease Of the
III ~ atft n W
common gossip that Gimbel Bros. had
secured the property from the McAdoo
company The Gimbels we're seen often
on the property with Mr. MrAdoo and
brokers made n shrewd guess that some
thing was doing there