The Birmingham age-herald., 1915-11-09
NEW TENANTRY OF OFFICE BUILDINGS SIGN OF THE TIMES DupOnt's New Structure to Have 10000 Tenants by
 End of Year OTHER BULLDOGS
 FEELING IMPETUS John D. Chapman Shows Business Acumen by His Investigation and Investment in Bethlehem
 Steel Stocks
By HOLLAND

New York, November S-(Speclal.) Record making transactions for a single day at the New York Clearing House as sociation, the announcement that two or the banks of New York city are now car rying deposits of approximately $1,O0o,o0e,- GOO and the report from Washington Of favorable trade balance in October of s225, 900 900, together with reports Of raii- road earnings which gave promise Of something like feast after long fam inc. were chief among the features of our business life which became known to the public about November 1.
 There are, in addition. certain actlvl- ties not commonly known to the pub lie which also tell of vastly enlarged business stimulus. For this is the infer ence which is properly to be drawn from the applications the managers Of large office buildings are now receiving Tor new tenantry. A year ago, nobody ap- preached these office building managers and the real question seemed to De whether tenants would not feel compelled to give up their offices and take others where smaller rents were asked. The experience of Colonel Du Pont contains one of the best illustrations of the
 
 last 10 months. The promise is excel lent that Colonel Du Pont will find es- tablished in the gigantic office building which he erected upon the site occupied for years by the Equitable Life Assur- ance society a complete tenantry per haps within a year. That means that a business population will inhabit that building equal in numbers to the census reports of the population of some con- siderable cities in the United States
 Heretofore, what was at the time of the construction the largest office build ing in the world, situated on Broad street, has enjoyed such prestige as is due to the largest tenantry. It was re- ported to house a business population somewhat in excess of 5000. Colonel Du Pont will probably be the landlord of more than 10.000 tenants. Had it not been for the almost hurricane activity which characterizes some of our busi- ness life. it might have been five years before his tenants would have been so many.
 Colonel Du Pont himself can regard the results of the war, so far as American industry is concerned, as to special and unexpected benefit to himself. Some of those who are in intimate relationship with him are persuaded that he sold at the proper moment all of his stock in the powder company identified by the Du Pont name. The transaction is un- derstood to have been the bridge over which he passed to triumph. The financ- ing of the construction of the new build ing was in itself stupendous task The investment is as great almost as was that made by the late H. H. Rogers in the construction of his Tidewater rail- road Moreover. there was no income for two years, but instead heavy interest charges. Colonel Du Pont met the situa- tion with the bravery and enterprise which are essential if large transactions are to be perfected His friends are persuaded that the greater part of his property is represented by this structure and by the ownership of the majority of the stock of the Equitable Life Assur- ance society, oS which the late J. F. Nor gan was for some years the owner.
 One of the transactions in the finan- ciai district which has been for some time commonly discussed, there is the purchase by John D. Chapman of a block, reported to be 200 shares, of the Bethe- hem Steel company MT. Chapman bought this stock when the market quo tation was many points below par. He bought it, too, at a time when business was stagnant, practically suppressed, in the securities market and when MT. Chapman himself found enforced econ- Omies essential. The common report is that the transaction represents, on paper at least,f a profit considerably in excess of $1,O00O00, some have said as much as $2,000000. Whatever his profit as indi- cated by the market quotation of this