davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-28

with this movement came the buying
OF additional properties for the en-
largement of old quarters. Business
space, especially in the downtown dis
trlcts, was in such great demand and
so scarce that Offices, lofts, etc. soon
went to premium.
Shortly after this movement started
negotiated the sale by private treaty
to Judge Gary for the United States
Steel Company of the twenty one
story Empire Building for about So
100000. Soon after the purchase Of
this building for occupancy ncgo-
tia ed similar sale to Mr.. Sinclair for
tn Sinclair Oil Compenv, involving
the thirtyon one story Liberty Tower for
price of about S25OO,O0O.
Rents are now at levels never even
dreamed Of, and they are still soaring.
Manufacturing and industrial space
prices have followed suit. Apartment
rentals are very high, and there are
practically no vacancies. Private
houses, for several years drug on the
market, have been brought we'll within
the scope Of the demand. and are now
being sought assiduously by homeseek-
ers and by those who see in them an
unusual opportunity to convert them
INTO prof ftmaking. multi-family houses.
New-York tribune., 1919-12-28

that real estate. instead Of passing
from strong interests to weak specu
lative interests. is being purchased by
strong interests and taken permanently
out Of the market.
The position which the large lenders
on mortgage have taken is further
protection against imitation. Most of
the mortgages now carry an amortiza-
tion clause which forces the owner to
pay off out of the earnings a portion
OF the mortgage every year. This is
preventing many unscrupuous people
from buying properties for the purpose
of milking them.
Can Buy Cheaper Than Can Build
Five years ago a builder could erect
q first-class nine story apartment house
on the East Side for between $2,500
and $4,000 front foot To-day it is
costing at least $4,000 front foot
In spite of the great activity it is still
possible to purchase the best invest
ment properties fully rented for less
than the cost of reproducing them
Furthermore, most of the speculative
builders who own many of the finest
apartment houses in the city find it
impossible to sell on account Of the
excess profits tax; therefore the sup
ply of h'ghgrade properties is limited,
and they are rapidly being purchased
by people who will hold them indef-
initely for the excellent return which
they are producing
IOverproduction Caused Slump
The principal reason for the great
slump which occurred in real estate
during the last ten years was over
production. This situation has been
completely reversed. In the forty high
class apartment houses under our
management, having a combined annual
rental of over $2,500000, there is not
single vacancy. Other real estate
offices report the same condition.
Most of the builders have STONED
New-York tribune., 1919-12-28

by the investing public was the dis
posal of over 10000 lots for total of
over $15,00000O. The lot selling season
of the year 1919 practically was brought
to close with the three-day sale, on
November 3, a and 5, of the properties
in the East Bronx, in the Longwood
Avenue and Hunts Point section of the
East Bronx, owned by the Bronx Ter
mina Corporation, and by the Brady,
Grant and johnson estates.
One of the important deciding fac
tors in the success of these three great
sales Of more than 1850 lots, and
large amount Of valuable water frontage,
was the purchase, by private treaty, on
the eve Of the auction sale, of a large
portion Of the Bronx Terminal property
bv the Robert Dollar Steamship Com
rany for the establishment of New
York and Shanghai steamship terminal.
A. a result of these sales, the Long
wood Avenue section OF the Bronx
will be further developed. while the
undcveopcd section of the Hunts
Point district is now held in the hands
of hundreds Of large and small in
vcstors, none of whom will be slow to
take advantage Of the quick develop
mcnt assured by The Dollar Steamship
Company purchase.
1t has been Il matter of deep salts
faction to me personally to have OBJ
served that a great number OF the
buyers at Che sales held during the
last twelve months have been num-
bercd among the buyers at sales con
Quoted by me in former years. This
IS a good sign, the importance of which
cannot be ovcrratcd. as it affords con-
crete evidence Of the confidence in
New-York tribune., 1919-12-28
Conditions Could Not Be Better

was in the grip o. an entirely new
group of investors, most of whom were
Of the thrifty, savings bank variety,
and truly representative of the great
wage earning and middle classes.
The Bennett sale suihccd to encour-
age property owners. and it was fol
lowed almost Immediately by the offer
ing of other prominent estates. such
rs those belonging to the late II. b.
Claim and John d. Crimmins. In ad-
dl:ion, there were the other big sales
held by me for the Estate of Long
+ ach. Howard Beach Estates. the
owners of the Guttenburg racetrack.
Nepperhan Heights and Bryn Mawr
Park, Yonkcrs, the Sound Realty Com
pany, the Bronx Terminal Corporation.
and the estates Of the late Anthony n
Brady. the late Hugh J. Grant and the
late George +. johnson. Meanwhile.
neld numerous sales conducted on the
Pacific Coast. in various parts Of
Canada. in Florida, at Buffalo. Ralti~
more and elsewhere throughout the coun-
try These were in addition to the va
rouS sales Of properties located in the
suburbs of New York, in New Jersey,
Wcstchestcr County and on Long Island
The net result of all this huge liqu-
datlon of real estate and its absorption
New-York tribune., 1919-12-28
Real Estate Is Still Cheap Despite Many Profits
Which 1t Has Paid During the Current Year

times during the present year. first
for $780, 900, second for $s90,oo0 and
third for $920,000.
A nine story apartment house in the
SOS cost the owner about $275.000
The reproduction value would be $780,
900 and it was sold for $23O000 and
resold twice afterward for small profits.
Another nine story house i'll the S0's
cost $375,000. 1t was sold for $500 900
and twice resold at small profit.
A nine story apartment in the EOS
cost over $350,000, and was sold and
resold for about $300,000
The same thing mas occurred in loft
buildings and in downtown business
Buildings
These are only few examples which
sales made this year on the East Side.
Most of the cheap private houses
have been purchased for occupancy.
thus taking them permanently out Of
tho market
In the downtown sections many Of
the largest office buildings have been
purchased by great corporations for
executive offices and not for speculR-
tion
Why Boom Is Substantial
A large percentage of the loft build
ings being sold to the operators and
spectators were owned by insurance
companies, savings banks and other
large lending institutions which be-
came unwilling owners during the last
five years through foreclosure pro-
ceedings. Many of the other proper
ties were owned by estates which had
been strong enough to carry them
through the great depression Of the
last ten years in real estate between
the City Hall and Thirty y-fourth Street.
pancy.
1t would, therefore, seem that the
present boom is legitimate one, and
New-York tribune., 1919-12-28
which New York City real estate is
Hold hN thrift,, inun .tors
Many Big Auctions Next Year

In the year 1920 ] expect to sec a
continuation Of the dissolution of large
estates, and firmly believe lumber
of extremity important properties will
be offered to the public "at their own
price" within the next twelve months.
The most important sale now on the
horizon is that Of the estate of the late
Mrs. Margaret Olivia Sage, widow of
Russell Sage, all of which property
VIII sell, by absolute sale, next month.
Included in the offerings are many
valuable properties in Manhattan and
Queens boroughs. 1t is the longest and
the most interesting schedule of i'm
proved real estate that has been Of
fercd by public auction, by any estate,
in the last decade. More than thirty
prominent institutions will benefit from
the results Of this sale. In fact, the
entire residue of Mrs. Sagc's estate, un-
der the terms of her Will. is divisable
among these institutions. The Sage
estate sale Will be splendid beginning
for the new year, and Will give invest
ors and homoseckers most unusual op-
portunity to buy, at their own prices.
properties of almost any and every class
and value
New-York tribune., 1919-12-28

building and are buying improved
property. because they can buy cheaper
than they can build; and they will not
start to build extensively until prices
begin to correspond with the cost of
reproduction, or the cost of building
drops to a point where they can sue
cessfully compete with existing build
ings.
1t is the opinion of the best builders,
architects and material men that build
ing costs will not come down to any
extent for a great many years.
Different From Other Booms
In conclusion l would like to draw a
comparison between the present boom
and those of the past. Previous booms
ally in unimproved properties and were
discounting the future. The 1920 mar
ket has not yet begun to discount the
present; all the activity is in improved
real estate. Vacant property is nearly
as dormant as it has been for the last
five years.
In the great speculations of 905 and
1906. around the Pennsylvania Station.
in The Bronx and in Queens, all the
activity was non-incomc bearing prop
critics, discounting enhancement in
values which was expected to follow
improved transit facilities. Prices rose
to ridiculous figures and the land
crazed public suffered tremendous
losses when the tide turned and the
boom died out
Conditions Could Not Be Better
anticipate healthy and very active
market III improved real estate during
the coming year, and the cheap prop
critics arc being rapidly picked up by
discriminating buyers who need feel
no cause for worry, even if the present
activity dies out
The demand for space was never
greater and the net income larger and
more uniform that it has ever been.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
McEENDRfE

Willie Slron, of Lexington, Ill; IS
here visiting his parents, Mr.. aIlfd.
Mrs. j. B. Siron and other relatives.
Mrs. ]. H. Hiner left Saturday
morning to spend some time in Baltti-
more and other points in Maryland.
Mrs. Mary Armstrong of Millboro,
is visiting her son, ]. H. Armstrong
and family.
Mrs. E. B. Malcom and son.. Miss
jamie Malcolm and Stuart Lamb mo-
tored to Staunton one day last week
to meet E, B. Malcolm who had been
visiting relatives in Illinois.
Frank Lamb left Monday for Ak
ron, O., where he expects to spend
several months.
Mrs. Williams o. Malcolm. and
brother, John Botkin. of Lexington,
ILL.,, art spending month with their
parents, Mr.. and Mrs. G. w. Botkin..
Eddie Armstrong has gone to at
tend Washington and Lee University
this session.
Mrs. J. NJ. Siron, Mrs. Roy Arm-
strong and Grover Siple were recent
guests of relatives in Albemarlc.
Mrs. Carrie Richter, of Illinois, is
here visiting her sisters, Mesdames
| LYMAN Siron and J, E. Botkin.
Mrs. ]. H. Armstrong entertained
some of her friends at a quilting bee
on Wednesday.
i. Hugh Marvin Wooddell who serv-
ed in the army of occupation for sew
eral months and who landtd in New
York three weeks ago with the First
Division, arrived at his home here on
Friday. The last one Of our soldier
boys have arrived safely at home for
which we are very thankful.
+ Frank Ralston, of Salem, also a
member of the famous First" spent
Saturday night with Paul Hiner.
: ]. E. Armstrong, wife and children
left Wednesday for their home nea:
Ashton, Iowa. They were accom-
panied by their sisters, Miss Eula
Armstrong who will teach near Ash
ton and Miss Manila who will spend
the winter in Sheldon, Iowa.
| VIM. Malcolm has. gone to Norris
i vile, Va, to spend some time with
friends.
| A love-feast was held at Hiner
Saturday afternoon. Merry Nat
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
7. Nj. CA. COMMENDED
BY MAJOR FORWARD
state Corporation Commissioner, who
served with Red Gross overseas,
speaks in high praise OF work per-
formed by the Army Y.

"If the Young Mems Christian Asso-
citation had done nothing in europe
except to provide motion picture thea
tres and it's theatrical entertainments,
it would have been worth every dollar
contributed to the organization by the
American people," asserted MAJOR
Alexander Forward, a member OF the
Virginia State Corporation Commls-
sion, in an address in Richmond. This
statement is regarded as coming with
added force because Major Forward
was not connected with the Y. M. Z. A.,
but was in the service of the American
Red Cross in Europe,
"But for these entertainments" he
continued, "the boys would have had
nowhere to go in the evenings, but
would inevitably have drifted into
search for diversions that would IN
many cases have been demorallzlng
to them nersonally and disastrous to
the cause for which we we're lighting.
| am under the impression that the
number of moving pictures operated
each night in France alone exceeded
| 500. and in addition, troops OF profess
sional entertainers and theatrical COM
panies constantly visited every camp.
"The large program made necessary
by these activities was very costly.
Theatre; had to be secured, in some
cases they were leased, in others,
bought; in others, built for the occa-
sion. The entertainers lad to be PAID.
and there was the overhead expense OIL
administration. But it was worth 1t,
every cent"
Major Forwards duties took him to
most of the countries of Europe, ana
he had ample opportunity to observe
the work of the various organizations.
''The Red Cross" he says, "waS engag-
ed in feeding the hungry, clothing the
naked, healing the sick, among the
civilian population in the devasted re-
gions of France and Italy and the Bal,
kans. It's work among our soldiers
and sailors was confined in the main to
the operation of canteens at railway
stations and steamship wharves, and to
the maintenance OF home service
work, helping to keep up communlca-
ton between the boys and their people
in America. On the other hand, it was
the mission of the Young Mems Chris
tan Association to provide wholesome
amusement and recreation among our
soldiers, and so surround them with
proper and attractive diversions. The
canteen gork of the Y. M. c. A. was
incidental to the main purpose of the
| organization which was tn keep our
men out CT amusements of the demon
alizing sort, in the camps and billets
Loo un TNr urhI "a q
spleEdidly accomplished"
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
PUBLIC SALE OCT. %, 1919

1 will sell III public. auction at my
Lone in Crabbottom, three miles
north of Crabbottom village the fol-
lowing property towit:
LIVE STOCK-1 heavy draft team,
average weight 1850, l saddle and
driving horse IL years old gentle and
safe for women. to drive, 1 draft
- 5yotsA-i years old. draft mare yrs.
old, l draft colt ono VI. old.
milk cows, HEREFORD and Short
horn, 3 to yrs. old, IS yearling
cattle. steers and heifers, 8 wean-
ling calves.
100 ewes and bucks. These sheep
are thrifty and in good shape. 200
lib. hogs, s so ID. shoats, old turkies
and SO young ones, some chickens.
FARM MACHINERY, CARRIAG-
ES AND TOOLS l Mccormick laow
er, new, ] Deering rake, new, l ted
der, Is in. Studebaker wagon. 1 sur
rey. l spring wagon, 1 buggy, 2 bug
2ies without tops ] Syracuse leval
jard plow, j Syracuse hill side pillow,
1 Bradley pillow, drag harrows, l
drag, 2 one-horse cultivators, 2 sin
gle shovel plows, l garden plow, l
corn checker, long sled, / block
sled. l grain cradle, several moving
sythes and snathes, several hay forks
hay chains, 2 log chains, double
trees, spreaders, breast yokes, etc
l tool and sickle grinder, l grind
stone, l cutting box, lot of picks,
shovels, mattocks, hoes, axes, trace
chains, cant hooks and grabs, some
lumber, ATS brick, 2 cross cut saws,
hand saws, planes and other tools,
2 iron kettles, l 80 gal. copper ket-
tie, lot of tubs, barrels and kegs,
washing. machine.
l set heavy work harness, COM
plete, set double buggy or surry
harness, complete, 2 pairs buggy har-
ness, set of old work harness, COM
plete, ladies saddles, 2 mems sad
dies.
HOUSEHOLD Goods upright
Singer" piano in first class condi-
ton, Beckwith organ, good as new,
l cooking range, cooking utensils,
several good heating stoves, chairs,
bureaus, bedsteads, dishes, crockery
and other things too tedious to men
ton.
FARM PRODUCTS.-A lot of
wheat, some corn and oats, potatoes,
winter apples, and canned fruit.
Sale will begin promptly at 10 a.
M, Thursday, % day of Oct. Terms
will be made known on day of sale.
Route 1 Monterey, Va.
G. LEE CHEW,
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
A. c. JUDY

To the Voters of the Ninth Senatorial
District: -
At the request of many voters rep
resenting all parties and classes, com
ing to me by letters, by personal ap-
peal, and by petitions, 7 announce
myself a candidate for reelection to
the State Senate from the 9Th district
My record for faithful work in rep
resenting you and in aiding in pass
ing legislation to the advantage of
the Farmers, Merchants Bankers,
Confederate Soldiers, for the schools
and for the laboring people, as well
as for every other interest in my dis
trict is before you and will, I trust
appeal to you.
Promising confined faithfulness
in the discharge of my duties, am
Yours respectfully,
C.. T. JORDAN
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
From Crabbottom

]. F. Colaw, of Crabbottom, has
returned from an extended prospect
ing trip of month for farm.
He went through West Va, Ohio,
PENNSYLVANIA, and finally landed in
New York before suiting himself.
He has purchased dairy farm in
Guiding all live stock, machinery,
feed, etc. He says New Workers are
very kind and sociable people, anu
reports all those who have gone
from Virgini and w. Virginia to
New York, as being satisfied and ma
king money, and that the State is go
ing right to the front in the matter of
road improv extent.
..U~ing TIC stay iI Nc&' York he
was fortunate enough to be at hisnie-
ce's wedding Miss Eva Winner, daug-
liter of Mr.. and Mrs. w. K. Winner.
The groom being Alfred H. ODonnell
The bride was attractively attired
in a white satin gown with accessor-
les to match.
The wedding march was played by
b Miss Mildred Steward of Cortland
city. The ceremony was performed at
the home of the bride, and witnessed
by host of relatives and friends of
both bride and groom, numbering
fifty or more.
They received numerous and val
liable presents. All arrangements
have been made to go to house keep
ing Immediately. XXX
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
Tuesday, October 81, 1919

in Mcdowell, on
Tuesday, October 81, 1919 ~
the following property: IL good
yearling steers, 4 young cows, high
grade Durham bull, good Percher-
on mares, 2 extra good sucking colts
2 general purpose horses, 1 yearling
colt, 6 hogs weighing about $50 each
l brood sow, mems saddles, 1 side
saddle, 2, set breeding harness, 2
sets lead harness, sets fly straps,
set double buggy harness, 1 set sin
gle buggy harness, collars, brides,
etc., ;,cw Brown w4g>. interest
il Oetr.ng binder, 2 +.g ma
chimes, big plows, l /. =: harrow,
pulvc-i1er, drag harr, y. steel roll
der, l double shovel and1 single sehov
Ell pillow, l New Idea manure spreader
! new hoe drill, / buggy pole, sin
gle and double trees, grind stone,
1 good hay fork with 100 feet rope,
cutting box, chains, forks, etc., 8
stack of good hay, 325 blu. wheat,
400 shocks of corn, one-third interest
in cattle scales, 1 telephone and tele-
phone stock, 5 shares stock in First
National Bank, some household and
kitchen furniture, and many other
things too tedious to mention.
Terms made known on day of sale.
Sale begins at 10 o'clock
c.. S. PETERSON
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
MILLINERY

On account of high prices, salaries
ect., we decided not to get regular
milliner this fall season, but had sew
eral different millinery houses in
Northern cities get us out nice as
sentiments of trimmed and street hats
for ladies, misses and children, and
as usual We will add new goods to
the line every few days. We will
positively mark these goods down
low, because we do not have to pay
milliners salary. It will pay you to
look at our line, as we can save you
money. Very truly,
..... Highland Mer. Co.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
Attention Voters

y. wish to say stand for good roads
and especially for schools, and solicit
voters with this understanding. l
wish to make no false promises to
any voter. This announcement is
made because l might overlook some
one in my canvass, and l want all of
this district to know where / stand
on these two important questions.
Respectfully,
TOBIAS McCL1NTIC
2t Candidate for Supervisor
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
Will You Spend SOC. On Rat-Snap to
Save S10l2

One soc pkg. can kill SO rats. The
average rat will rob you of SO a
year in feed, chicks and property de-
struction. RAT-SNAP is deadly to
rats. Cremates after killing. Leaves
no smell. Comes in cakes. Rats
will pass up meat, grain, cheese to
feast on RAT-SNAP. Three sizes,
25c, soc, 81. Sold and guaranteed by
w Nicholas, Crabbottom; Highland
Medcantile Co., Monterey; McNulty
Bros, Mcdowell.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03

Attic request of many Of my
friends I hereby announce myself a
candidate for reelection to the Office
of Supervisor of Blue Grass District
at the coming election, Nov. 1919.
If elected it shall be my purpose to
look after the peoples interest and
more permanent improvements Of
conditions Of the county. 7 thank
you all for past favors, and will ap-
preciate them in the future.
Respectfully,
J. W. HEVENER .
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03

The childrens home society fund
for Highland County lacks one humid
red dollars of meeting it's quota.
To close up this drive and meet the
deficiency if 20 Contributors will give
five dollars each the little amount
will be raised and no one hurt. Let
us put it over the following week
All who have signed the pledge
cards and have not paid will kindly
do so the coming week, after which
we will send the cards to Richmond
headquarters. Respectfully,
H. B.. WOOD, Co. Charm.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
"These Rats Wouldn't Eat MY Best
Grain ., Saws Erred Lamb

It's hard to keep rats out of feed
store. TRIED for years. A neigh
boring store sold me some RAT
SNAP. 1t works wonders. Gathered
up dead rats every morning. Bought
more RAT-SNAP. Haven't rat now
They wouldn't eat my best grain
when I threw RAT-SNAP around"
Three sizes, csc, soc, 500. Sold
and guaranteed by I. w. Nicholas
Crabbotom; Highland Mercantile Co.
Monterey; McNulty Bros, Mcdowell.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03

BY request of many of my friends
I hereby announce myself as can
didate for Sheriff Of Highland qpo QlHApp
-ty in the coming election. Nov. 4,
1919.
I want to say to the people, II
elected, I will discharge the duties Of
the Office faithfully and insure you
prompt service.
I will thank you for your support.
I am,
Yours respectfully,
HUBERT SMITH
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03

To the Voters of the Counties of Bath
Highland, and Rockbr1dge and the
City of Buena Vista: 80. -. -.
I respectfully announce myself
candidate for reelection to the House
of Delegates of Virginiasfo for the Dis
trict composed of the Counties of
Bath, Highland and Rockbridge and
the City of Buena Vista.
Subject to the Democratic Primary
JOHN W. STEPHENSON,
Warm Springs, Va.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-10-03
Very respectfully,
ADAM STEPHENSON

To the Voters of Monterey District.
At the request Of many Of the vot-
ers of the district hereby announce
myself a candidate for the Office Of
of said district. I solicit
your support at the coming election
and if elected will serve the people
faithfully and impartially.
Respectfully,
TOBIAS McCLINTIC