davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1919-12-05
ITALIANS TO OCCUPY FIUME
(By Associated Press)

LONDON, Dec. 5--Italian regulars
will occupy Fiume and the territory in
cludcd in the treaty of London accord
ms to Rome dispatches to the EX-
change Telegraph Company. D'Annun-
zios volunteers will withdraw from FL
ume under the terms Of the agreement
reached as the result of negotiations
between London and Paris it is declar-
ed
Imperial Valley press., 1919-12-05
SOLVE ADR|AT|C
MIDDLE, BELIEF
(By Associated Press)

LONDON, Dee. 5-An agreement
which it is hoped will solve the Adriatic
question has been prepared in Paris
by the American, French and British
peace representatives for submission to
Italy according to dispatches today.
Imperial Valley press., 1919-12-05

Nc, mamma, he ilterposed, "scqd
fol' the minister"
THE minister?' asked his mother.
incredulously. "Why, the Minister'S
because papa says he can get
money out of anybody.'-London I'll
Imperial Valley press., 1919-12-05
HIGHEST BRIDGE OPENED
(By Associated Press)

TWIN FALLS, Idaho, Dec. 5.-Thc
Hansen suspension bridge, spanning a
canyon 688 feet and 345 feet deep,
through which the Snake river runs,
was opened near here recently.
It IS said to be the highest bridge
in the United States and perhaps the
,rnTld
Imperial Valley press., 1919-12-05
NEAR REVOLUTION?
{ By Associated Pressl

BERNE, Dec. 3-Delayed in trans
Observation-Disclosures at various places in
Italy have assumed revolutionary as
poets according to advices received
here
Imperial Valley press., 1919-12-05

a man can go on in blissful ignorance
Of the trend OF the times uutil his
plumber offers him lift down town.
New York Evening Sun.
Imperial Valley press., 1919-12-05
WELCOME, SAN DIEGO

Imperial valley today is host to a thousand San
egoans people who are for the most seeing this
derful inland empire for the first time
Imperial valley has much to show its guests today
tomorrow, much that be shown them in the two
short days allotted for their visit Not the rain of
evening which threatened for time spoil the plans of
weeks, could put damper the enthusiasm which mani
tested itself this afternoon when the excursion arrived The
shower which arrived nopportune time was deplor
ed but even it had its benefits for the Valley washed
clean of the dust of past weeks and verdan a
pearance in honor of its guests
The Valley is to entertain the the best Of its
ability.
The Imperial Valley Press, behalf OF the Imperial
valley and the city of El Centre extends royal: :
"WELCOME, SAN DIEGO"
Imperial Valley press., 1919-12-05

There used TO be an expression: IT,
shame to take the money But no
body is using it these days.-Los An9c-
les Times.
Imperial Valley press., 1919-12-05

Blessings on thee, little ad
The truth in print that makes them glad;
With your heavy border rules,
Be it Clothing, Paints, or Tools
With your truths made truer still
By the figures on the BILL
Merchant Prince or Cobber shop,
Laud your ware and never stop.
If your bank balance is on the slide
Advertising will make it glide (up)
And the Mediums no guess,
Everyone knows its the Imperial Valley Press.
Apologies to LongfelIoW
Imperial Valley press., 1919-12-05

Centre today Mr.. Looney will be re
membered for his efficiency while con
nected with the El Centro marshals
Office
Imperial Valley press., 1919-12-05

y Confscation of 100000 worth of Toledo Liquor
IDLY leaves Toledo less than 10 times the amount OF
aAaa. 49,
New-York tribune., 1919-08-31

ton. AN"
Real Money in Market
On this foundation has been reared
strong trading structure. The day
when Comparatively small pronortion
Oh the value of a property in cash
could buy it has gone, and apparently
1or good. 1t requires money to enter
1he downtown business field these days.
The Federal income tax and the i'm
proVement in the income properties
MADE 1T necessary that large cash pay
ments be made. An owner cannot we'll
afford to sell on terms showing a
paper profit, but little cash, un-
less he is willing to go into his own
pocket for the amount that the gov
ernment will demand as it's share of
the transaction.
Present rentals have stifened the
backs of owners, and only cash. and
lot of 1T, will tempt them to part with
properties which show possibilities of
developing into the highest form of
Investment. with speculative value
which the best minds in the downtown
realty field are unwilling to approx
mate.
New business conditions have made
it impossible for the human mind to
estimate with any degree of accuracy
she tn worth of property below Fulton
street by the end of the year Values
are changing over night, and owners
VINO have held through the lean days
are cnary OF losing an opportunity
OF selling at big price. Those who
have bought. realizing the limited
area of the district and the great de-
mand that is being made on it for
space, are not throwing away an op-
portunlty which is certain to produce
Dig proflt as anything can be.
Bidding Higher Price
One of the several properties in
Broad Street, between Exchange Place
and Beaver Street, sold recently cost
the buyer 100000. 1t was good deal
more than the old owners would have
sold the property for a few years ago.
The buyer realized that, but he also
inquired that values were going up. Tho
terms called for cash payment of
$lO0 900. The new owners have been
offered $750,000 for the property on
terms. part of which was the payment
of $150,000 in money The offer was
refused.
mortgages on downtown realty have
not been increased as a general thing.
so that the margin between the bonded
Indebtedness and the value of the
property is large these days.
The United States Steel Corporation.
winch bought the Empire Building, on
broadway and extending along the
south side of Rector Street opposite
Trinity Church, paid close to 50 per
cent of the price in cash. The Empire
Building was sold to the Steel Cor
poration for S4,10OO0O. Of this amount
S2,OoO,o0o was paid over to the Potter
estate in cash.
The Sinclair Oil Company bought the
Liberty Tower Building for $4,000, 900.
and the story is that quarter of the
price was paid over in cash. There
are exceptions, which no doubt are
controlled by circumstances not known.
Frank A. Munsey, for instance, is re-
ported to have paid in cash about 10
per cent of the price agreed upon for
the Sun Building, at the southeast cor
ner Of Nassau and Spruce streets. The
building is said to have sold for
$1,000 900, and his investment is placed
at less than 100000. His publications,
THE Sun" and "The Evening SUM-
have occupied 25 per cent of the build
New-York tribune., 1919-08-31

charges have increased considerably
also. The increased financial returns
from the buildings, however, have
made them attractive investments. The
increase in rentals had the effect of
shaking tenants out of space which was
too costly for their businesses.
When desirable space disappeared
from the market concerns turned to
the purchase of buildings in the hope
of gaining premises in sections de-
sired. The buying, therefore, is the
outgrowth of the renting situation.
Likewise are the high prices.
The point has been reached where
any price, it seems, will be paid for a
building which promises large space
Firms have been making money as
never before and are raising no objec-
tions to paying for that which they
want, whether it be in the centre of the
big financial district, the marine or fire
insurance section or the shipping and
exporting territory.
come to be regarded as a good invest
mcnt. The theory of good will is
strong with American business men
now, and a fine home in the centre of
sections associated with THEN business
is regarded as a vehicle to this end It
is something which cannot be taxed
by the government and will pay we'll
in the future
Looking for Profits
The high points in the rental scale.
the highest being at or about Wall and
Broad Streets, have had the effect of
spreading out the business district.
Spectators are anticipating that the
fringe of the former Wall Street dis
trict will be the place where building
operations will be launched when the
time comes and have bought old prop
critics and are holding them for the
day; Elias A. Cohen bought property
in Stone Street for reported price of
something over $5Ooooo for it now now
Richard S. Elliott bought in Pearl
Street, the site of the first City Hall
IN this city, from the Goelet fartily
New-York tribune., 1919-08-31

ing for the last five years. The COM
ing OF these papers to the building
marked the beginning of a larger in
come from the property. The New
York Life Insurance Company, which
had to take the property to protect its
interest, was pleased to make the price
interesting enough to attract Mr.. Mum
seey, whose control Of the property
eliminates the possibility Of it ever
returning to the insurance company.
Little Speculative Buying
Large cash payments have been the
terms that have operated in the sec
tion east of William Street for the last
two years Having been in the throes
of a boom for at least three years, such
demands were natural consequence,
q checkmate on reckless speculation.
In the territory west of William Street,
over to Broadway, it is singular how
limited has been the speculative buy
ing. Robert E. Bowling, Clarence Eek
hardt, Clarke Daley, Richard Elliott
and Elias Cohen are the only profess
slonal real estate men who have had
the courage to enter this field
Business has carried this downtown
market. IT. had a natural beginning.
For two years before this country en-
tered the war we were the trading
post for the world. This required
larger organization, and the effect of
these years as the worlds business
mart is to be seen in every corner of
the country in the shape of an in
creased number of larger business con-
Germs.
There was so much space for rent
IN the lower end of the city up to the
start of the great war that the busi-
ness expansion was accommodated
without trouble, and only real estate
men downtown and students of eco
nomics realized what was happening.
Expansion continued because the bust
ness demands on America had multi
piled many times. By this time the
shortage of business space was being
felt. Rentals then stiffened and started
upward, encouraged by the willingness
of business to pay Increases which
were expected to meet with refusals
were paid without a murmur AS the
supply decreased the rentals increased
Large Rental Advance
' Concerns which paid $15O foot for
space in the Woodbridge Building, in
william Street, two years ago are paw
ing $3.50 to-day. Tenants of the Equit
able Building are paying about 81 un-
der present rates, while the average
when the building was opened was ST.
The Trinity Building is bringing high
er rentals to-day than when it was
opened. At that time 50 a foot was the
price. Competition induced lowering
of rentals to $3.50 foot, but now
space in that building is bringing
more than So. The same case holds
good in the City Investing Building.
In the Singer Building, old tenants
rent was increased 25 per cent on re-
newals. New tenants very likely pay
more.
The Cunard Building space can be
had for 81 foot if an entire floor is
taken, the tenants to install partitions
and make changes. In the Adams Ex-
press Building 81 foot is the rate.
The talk is that $6 foot will be the
rate for all space in these buildings
and structures of this type when new
leases are made next May.
Although these rentals represent q
Dig increase over previous rates, it does
not mean that the difference repre-
sents net profit, because maintenance
New-York tribune., 1919-08-31

Windows on the side and rear give
view Of the lawn and flowers in the
rear of the house.
To the right of this room is the
is directly forward of the kitchen on
the right side of the house.
The idea Of spacousness is also car
ried out on the second floor, every bed
room being large. The masters room
is Is feet wide and 18 feet long. Off
this room and to the rear are a bath
room and dressing room, the latter
being 7x7.6 feet.
The dressing room opens into the
children's room, so that the parents are
not required to enter the hall to reach
the sleeping quarters of their children.
10 the right of the owners bedroom
is den feet 6 inches wide and 10
feet long, facing on the front of the
house.
New-York tribune., 1919-08-31

thc tease Tor the corner, thinks that the
project marks the beginning of extern
slve development on this part of Sixth
Avenue, which in his opinion is essen
TALLY retail district Transit facili
ties, and the fact that it connects the
two principal arteries to the city's
greatest railroad terminals, thoroueh-
fares which are leading shopping
streets, are factors which make for the
retail occupancy Of this link OF Sixth
Avenue
The project is bound to attract at
tention to Bryant Park section of
Sixth Avenue, because it is the first de-
partment store building to be erected
there. Business structures have been
built just off the avenue, but the ante
quated appearance of Sixth Avenue has
not been improved. Rows Of old build
lngs line the blocks between Herald
Square and Bryant Park, and the GEN
eral character of the business done
there is not elevating. Employment
agencies, cheap restaurants and deal
ers IN secondhand clothes have an
chored there, and in doing so have dis
couraged the modernization of these
blocks
The uckley-Newhall building will
give the avenue different complexion.
and Mr.. Fox and other real estate men
are of the opinion that it will effect
a speedy capitalization of the advan-
tages held by the Bryant Park section
OF Sixth Avenue
The buildings will be twelve stories.
fronting 100 feet on Sixth Avenue and
10 feet on Forty-tirst Street. With the
Union Dime Savings Banks building of
few stories high covering the Fortieth
Street end of the block and the Comedy
lheatre on Forty-frst Street next to
the Buckley -Newhall site, the building
to be erected for the furniture dealers
Will have light on all sido>.
). b. Shook Sons, architects. have
taken advantage of this condition.
which is more or less permanent. hv
planning building whose sides will be
practically glass. The first three stories
facing on Sixth Avenue and on Forty-
grst Street will be a continuous show
window. The upper part of the facade
VIII be of limestone and pressed brick.
Wire glass will comprise the greater
area of the south and west walls of the
structure.
The building is being erected by the
Gerry estate for the Buckley -Newhall
Company on a long term lease. It is
estimated that 100000 in rent will
be paid over to the estate during the
life of the contract. Frederick Fox &
Co. and the Cruikshank Company ar
ranged the deal. which has eliminated
in the building project.
New-York tribune., 1919-08-31
d downtown Skyscrrs Real Estate Craveya
Giants by Rental Advance Since Signing Amstce Last November

The reversal in real estate conditions
at the lower end of Manhattan will go
down IN the business history of this
perlod as one of the Sharpest and most
sensational recoVerles known to prop
erty interests. Financial graveyards
Tor years, many skyscrapers have liter
ally become investment giants over
night. The name or location of at least
twenty office buildings, most of them
LOT the skyscraping type, which have
changed hands since the first of the
year, can be recalled without mental
labor. Scores of Office buildings of the
smaller type, located in sections that
figure seldom in the real estate activ-
ity. have been sold during the same
period.
In the eight months which have
elapsed since January l more down.
town real estate has been sold than in
reached high levels not entertained d
even IN dreams. Space has increased
IN value at least SO per cent through
out the section and in some instances
the advance has been 100 per cent and
more The square foot which cost $3.50.
and this was the maximum two years
ago except in special buildings, has
moved up to 81 and $3.50, and there is
talk OF ASKING 50 IN the near future,
which means between now and next
May.
A property was bought recently by a
bank at 81 100000. The broker in the
deal, asked his advice, said that not
more than SlO00,000 should be paid for
the realty. A short time after the sale
had been closed profit was offered the
bank directors for the realty. This Of
fer later was swclled to show an ad-
vance of 25 per cent over the cost of
the building TO the bank. An official
of the institution is reported to have
said that profit Of SO per cent on the
New-York tribune., 1919-08-31

and almost Immediately added S25,O 900
to the price he paid. Beaver Street
realty has moved up in value with
every sale. The Chesebrough Building
is said to have been purchased by
Henry Dougherty for S950,0 Just
before the contracts were signed the
sellers could have had $4,000 more
from another buyer.
Until the start of the current buving
movement property values in the fnan-
clal district graded from the big centre,
wall and Broad streets, in every direc-
ton. -Four blocks south of the S8OO-a-
foot Gillendar building propertv at
wall and Nassau streets, now part %
the site of the Bankers Trust Company
building, $25 foot would have bought
all the property one desired. In other
words, IN Stone Street s25 would buy
as much as $500 would bring at Wall
and Nassau streets. After crossing
Stone Street on the south, Trinity
Place on the west, Cedar Street on the
north and William Street on the east
prices dropped perceptibly.
ne relative position has not been
changed by the present buying activity:
1t has only lifted values ands rentals 20
that the concerns which could afford
the rental which prevailed on the four
blocks circle will have to move further
away from the financial centre if thev
nave not been hit by the wartime pros
perlty wave. 1t is on and beyond the
four-block circle that the building oper-
ations will be seen first, because there
Is great new business army that
wants to get into the big business dis
trict.
Nassau Street seems now to hold the
centre of the buying interest. Leaders
In the downtown field are of the oninion
that fee values will go up higher ana
rentals also. The business population
has increased sufficiently to support
higher rentals and fee prices. This bic
business ulation-financiers law.
yers, shippers and insurance interests
has not stopped coming The move
ment is in progress and is pathering
strength every day. "a
New-York tribune., 1919-08-31
S2,0O0,00O Lease
Reflects Demand
For Business Space

The Croton Realty Corporation. Of
Boston, owner, has leased to d large
New York corporation the sixteen
story Lowell Building. at ll=o-4s
Broadway, northeast corner OF Twenty
sixth Street. This building fronts l05
feet in Broadway and contains total
area OF about 10000 square feet 1t
was constructed in 1915 by Frederick
Aver. OF Boston. and has been fully
tenanted by salesroom concerns The
lease just entered into is for 4 long
term at an aggregate rental Of over
S2,000,0O0
The building was one Of the last to
be constructed under the coming sys-
TEN, and is at present occupied by va
rious tenants in the lace and import
ing trade. 4 number OF the tenants
viii remain in the building until the
expiration OF their leases, which have
several years to run. At the time this
building was erected il was freely
prophesied that it could not be leased
owing to the glut of vacant lofts and
salesrooms in that locality
The Victoria Building, containing
100000 feet OF floor space, and the
Albemarle Building, containing about
100000 feet. together with the Lowell
Building, We're both constructed and Of
tered or the market at about the
same time. The offering of space .was
so great that tenants we're afraid to
lease, expecting a tremendous fall in
prices. but by patience and careful
management the entire $4,000 feet
OF space was marketed at reasonable
rates and d district established which
is regarded is the very centre OF the
fine wholesale trade in New York. in
cluding Marshall Field q Co, Onyx
Hosiery Einstein & Wolf, A. R.
Kirschbaum, G. & H. Fuld. A. Stein
& Co., the Liggett q Myers Tobacco
Company. etc.
The locality is expected 20 remain
iiXed as the wholesale district of New
York. owing to its accessibility of To-
cation, near the now Broadway sub
ways.
The Cross & Brown Company were
the brokers in this transaction and
Will remain the managing agents Of
the property
New-York tribune., 1919-08-31

investment would not tempt the di-
rectors to part with the building nur-
chased. rN1
Surprising Advance
), Ihls incident is a good example of
tne rapldlty at which property values
are moving upward in the skyscraner
zone. The broker who advised ara;nst
paying more than $1,000,0O0 for the
property is one of the ablest men in
the downtown real estate field, He has
promoted and been associated with the
intensive development of the lower end
OF the city from the beginning of the
skyscraper era, yet he admitted aston
lshment at the upward progress of fee
values and rentals, especially since the
signing of the armistice last Novem-
ber.
Real estate men have lost their bal
ance. Bases for valuation RECOGNIZED
heretofore must be changed because
they cannot be applied to the condi-
tlons developed by the world war. A
DroKer gives his opinion of the valua
tlon OF a property in the big business
district, with the reservation that his
ngures do not mean that more cannot
be had for the property In no case
mas broker been known to estimate a
Vaiuatlon that was greater than what
a prospective buyer was willing to give
Tor the realty.
The buying movement developed so
suddenly and gained such momentum.
and the conditions which promote val
ues are so varied, so new and in MANY
cases peculiar, that Mr.. Broker has not
peen aDie to gain control and analyze
every factor and place a valuation on
each. 1T is runaway buying and rent
ing movement, which is based on the
most substantial foundation to be de-
slred-the law Of supply and demand,
The established sections will maintain
premier position and will command
New-York tribune., 1919-08-31
Operators Show
Liking for Flats
On the Heights

The Hilda Realty Corporation (Vogel
G. Schultz has purchased from John ".
Comey and Elizabeth c. Harris, III
West 177th Street and 71S West 17S
Street abutting two siX~story elevator
apartments. The 177th Street house
is known as the Rotherwood and
cupies plot 10tXl25, and the abut-
ting property is the lnglewood. loon
l29. They are midway between Broad
way and Fort Washington Avenue.
The KNAPP & Wasson Company and
Maurice |. Strunsky negotiated the
transaction.
Schuck Brothers erected these
quently sold them through the same
brokers to the present seller the KNAPP
& Wasson Company, continuing as
agents during that period
Sale In 49th Street.
II. J. Rogers has sold for the Hirsch
Lumber Company to /. Abrams, 514
West Forty-ninth Street, five story
tenement, on plot, 26x100.
Buyer for nth St. Tenement
S. Steiger has bought, through Max
Sllverstein the siX-story tenement, on
plot, 3TXl00, at 621 East Eleventh
Street.
Tenement in 104th Street Sold
V. Loporni has sold 347 East 104th
Street, a four story tenement on lot,
25x100.
Henry Street Tenement Sold.
B. Chenkin has sold for Garrett w.
Cotter, an Assistant u. S. District At
torney, 800 Henry Street, a tve-story
tenement, on lot 25xoO
Tenant Buys In 123rd Street
Terese V. Finn, tenat, has bought
from Arthur f. Whitney 35S West
l23rd Street, a threc-s story dwelling on
lot 16x100.
New-York tribune., 1919-08-31

eleven rooms, three baths, seven clos
cts, pantry and storeroom in the house.
The living floor is divided into gen.
erously proportionate rooms. On this
floor there are four rooms, q large hail.
pantry, storeroom for provisions,
coatroom and washing room for
visitors. The width of the floor seems
to be divided evenly into living room,
dining room and hall or foyer. Each
compartment has a width of. Is feet.
The living room extends along one
side of the house a distance of 26
feet. The dining room is is to 16 feet
and is located at the front right cor
ner of the house. Between is the hail.
which is reached by an entry, on one
side of which is the courtroom and the
other the washroom. Directly back of
the spacious hall is the breakfast
room, 13 by 15.6 feet in dimension.