Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-26

The Friends Select School, Edwin r.
Sellers ct al trustees, which extends
from Cherry street to Race street and
from 18th street to 18th street. containing
14OSS square feet loses a triangle on
the northeast corner of 18th and Cherry
streets, containing $50 5-10 square feet
The Parkway at this point win be 1so
feet wide. II was authorized BY ordi-
nance Of Councils, June g. 1900, and was
confirmed by the Board of Surveyors
September 20, 1909. There is no change
Of grade.
The work OF taking down these prop
critics or such as are in the bed OF tho
Parkway has been assigned TO con-
tractors and is now well under way.
Work has been commenced at the south
east corner of t7th and Cherry streets and
flve or six properties are nearly down.
1t will be recalled that this is the sec
tion lying in the Parkway in which the
assessments were advanced in 1912 It Is
almost the only instance where the Board
of Revision of Taxes has advanced
block Of properties after they have be-
come part OF the bed of plotted street
or parkway. The advance did not ex-
tend on Cherry street, between 18th street
and 18th street, and supposedly moro de-
sirable for business purposes.
WORK WEST ON PARKWAY.
In that part OF the Parkway lying b.
tween the west side OF Logan Square and
22d street workmen have been extremely
busy during the last month. tearing down
! condemned properties. Nos 2ss and $40
West Logan Square are down. All the
properties on the south side of Vine
street. between Logan Square and 70th
street. the east side OF 10th street and
the south side of Vine street, west of
Goth street. are now coming down rapidly.
In ALL some 80 or 40 dwellings have
been raised to the ground. Tho only
properties to be spared are the saloons.
which have a reprieve while owners and
tenants are trying to have the licenses
transferred.
A rather serious situation ia liable 70
develop in properties on the south side
of Vine street from 2o2O to zOa2 These
properties are not all taken and viii be
boarded up. From real estate point
of view, IT would be better to take such
| buildings down at once, as by the time
the owners receive the awards there viii
| be little left OF them.
This situation rather offsets the claim
often made by the city that portions of
| buildings left in such proceeding must
be considered.
NOTES ON THE STREET.
Mortgages for Ave business days Of
record. including Tuesday. are as fol-
| lows:
Leans Leans made made RSdiiiSii9s ndiaiasaiS iSs.ooat0ns
Loans made by trust companies. 66 s0O
Among the large mortgages are tbs follow
| Si5,ooo-H. C, Hollinger to A. 1. walksr
northwest corner 10th and Walnut
| streets
10000 = tabernacle Evangelical Lutheran
| Church TO Protection Building and
Loan Association. northeast corrcr
| ooth and Spruce streets
| 2O,OO0-Armat Knitting Mills 70 Central
| Trust and Savings Company, south
| east side Of Armat street. 4f9Ia
| feet northeast Germantown avenue.
| 20,0O0-J. Knoel to Robert Blum Huildiun
| Association. northwest side KenslnE-
ton avenue % feet southwest LehiEh
| avenue.
The holiday influence Is plainly felt and
| little business will be done until after the
new year. The lists OF auction sales %
take place during the next few weeks are
| not as large as usual.
Interest rates are firmly held. Il -,
| however. the opinion OF real estate men
| that all money needed will be foFtheom-
ing and that per cent. mortgage rate,
fiat. will be obtainable early in the ueV
/ year. LESSOR.