davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-09
Absence Of Forced
Sales q Feature
OF 1920 Market
Real Estate Ancsioneer De.
clares III His Experience
of 20 Years He Cannot
Recall Better Conditions

-I.-- 1,----1--
'eA'y DIaay' commenting on the real
estate market Tor the year JUST closed
said yesterday that one Of the chief
features u,as tfs +e,, eoron,o.,x.. g
mortgages In ms twenty years ex-
perience he said tAat he could not re-
call similar condition
ID rnu ~. We wears, ea5d
Mr.. Brady. there has been = continnsi
call on second mortgages. So that 199o
was ushered in With almost a clean
slate
THE few foreclosures affected min
New-York tribune., 1921-01-09

Nineteen new dweiIings In Brooklyn
viii BE- cold a, auction by Joseph p
Day IN the Montague Street Salcsroom
on tuesday evening.
They are onn-family scmi-detachcd
st-cco houses, In Seventy eighth Stree,
bctWcep Twcnty-secoud and Twenty
third avenues Cement block garage,
80 with each house. which are on lots
26Xloo and 50S1o0 each Included in
tn" sale is tho northwest corner of
TWcnty-third Avenue Ani Seventy
eighth Street, "a plot lcoNl0o; also tn.
northwest corner Of lMeaticth Avcnu,
and ScVcnty-iitth Street. vacant plot
2O0x20O
On January 20 Mr.. Day will sell in
the Ncscy Street ealesroom, at his
first special sales day of 1891. a mum
hor OF ManhAttAn Bronv. BroohlNn
and Newark. \. j. properties In
cluded in the sale are tho northwest
corner of Monroe and lacnaon strcc,s
running through to Madison Avenue. .
four-story building. with one and
two~fAmily extensions. TO be sold in
swo parcels; also for thu estate OF
New-York tribune., 1921-01-09
$500O00 Year for British Soldier From Broadway Block Part
OF Old Farm Bought by Grandfather Thousand Dollar
Bring
John Jacob $OOOOOOO
l. Up; Block Part of Old for

The Hotel Astor deal Of last week
flashed out on the realty field like q
great beacon light attracting wide at
tcntion and emphasizing strongly. the
wonderful advantages of real estate as
al investment and also as "a specula-
tion.
Every year for the next twenty Cap
tain John Jacob Astor, of the British
Horse Guards, who owns the Astor
Hotel and the land it stands on, viii
receive the tidy little sum Of 100000
as result of this transaction of last
week. BY the time the wheel Of time
has swung 1910 into place Captuin
Astor. or his heirs, viii have received
Slo,0 600 600 income from the property
under the terms of the twenty-year re-
newal agreement just concluded with
Frederick c. Muschenheim, proprietor
OF the hotel. BY that time the British
Guards captain. or his family, will
have got out of the property fortune
equal to the present value Of the
realty and still possess the fee, which,
no doubt will have greatly increased
in worth by the time q new deal will
be In order for the we'll known block
Greater Value Assured
The guess that the fee of this block
will be worth much more than SlO,-
900 at the end of the next twenty
years is presaged by the general trend
of development, which is obvious to
all, by the sensational prices obtaining
for fee and leasehold and the pressure
for accommodations
1t was TO grasp Immediately these
advantages that the hotel proprietor
came out, nearly four years ahead Of
time. with d request that he be given q
new lease starting Immediately and at
rental based on current values. he
foregoes AS a consequence the use Of
the property until August 24 1924, at a
rental based on values tnat prevailed
IN the section back in 1903 and 1904,
when the hotel was erected for Mr.
Muschenheim, that he might step out
and take the fortune which is literally
passing the property and which he
could not grasp because of the short
duration Of his control under the old
agreement
The alteration which will be made
to the street floor will increase the
income from the property to the pro-
prietor by $3.50, 900 TO $500, 900. which
vll pay about half Of the rent that
Captain Astor has demanded for tho
MOTEL.
II was an interesting deal. interest
ag for beth owner and lessee and also
The man outside of the transaction VINO
may be contemplating an investment
and Is in need Of encouragement or
enlis shtcnment. This property was not
always q $4,000 000 parcel, nor worth
'500000 q year. For long time the
New-York tribune., 1921-01-09

ing industry should proceed during the
year 1921 with added momentum. The
mount Of available skilled labor and
our physica equipment for manufac-
turing building materials are not adc-
quate to the development Of activities
Of such magnitude as viii make pos
sible the early elimination Of the hous~
ing deficit. This gives additional i'm
portauce 20 the neces sitics Of speedy
resump, ion of building activities.
"Whi.e there has been a general dis
cussion for some time Of prospective
legislation designed 10 stimulate build
ing operations, it is to be remembered
hat such developments generally move
slowly. and it is hardly to be expected
that any help of this nature win be
forthcoming CO. sAough to afoct 1921
1uild.ng conditions. Moreover. on y
such legislation a. nall be absolute y
Fair to ali sides viii Dc of constructive
valve, and any paternalistic efforts
which do not take into consideration
he Fundamentals of supply and de-
mand viii not prove themselves to be
helpful"
New-York tribune., 1921-01-09
Fine Dwellings ON East
Side Pass TO New Owners
Former Home of Late Commo.
dore L. {. Benedict Taken
Over by Cornuany

The iivc-story dwelling, 10 West Eft =
FIRST Street 25x1oo.5, formerly the home
# the late Commodore +. c. Benedict,
is to be taken over by the 10 West
fifty-trst Street Company, formed at
Albany With j. NJ Birnbaum, ]. L.
Wollins and III. Weder as directors.
The estate OF William r. Dutton is
reported to have sold ll6 East Sever
ty-third Street, four-story dwelling,
l6.6X1002
Mrs. II. H. sprague sold 222 East
SiNt first Street, q three-story dwell
lng, 20-foot house, through Rutland &
Whiting Benz iamin Corporation.
Julius Zweig sold TO Paul Eichhorst
the three story dwelling 438 East
Lightly eighth Street, 22.lO08.
harrN Wechslcr sod TO Reuben Her
old the thrce~story house 48 East Third
treet, 20X5O.
New-York tribune., 1921-01-09

E, future Of this real estate was nebulous.
It was on the Post Road to Albany,
and for many day far outside of the
world Of New York and. regarded In
realty circles no more highly than land
not on Broadway, Fifth Avenue or
other we'll known thoroughfarcs is
valued to-day.
An Old Astor Holding
Confident that real estate would al
ways give back in full any amount put
into it, John Jacob Astor the first
bought here, there and everywhere in
New York and held on, sure of reap
ing rich fruits from these investments.
Th, Astor Hotel block is part Of =
farm that he invested ln There is
nothing to show that he made this IN
vestmcnt because the property looked
exceptionally promising New York to
those who lived in it in those early
days had reached the limits of devel-
opment. We to-day cannot see how
New YBrk can become greater. Old
John Jacob Astor fostercd the strong
est belief that his city would reach
worldwide importance and that any
price he paid for land within the set
tied section of Manhattan or in the
rural districts of the island would in
time be part only Of the value of the
property. He was real estate op-
tlmist no matter how pessimistic or
Ozark were general business conditions,
or gloomy the horizon Of state.
Real estate values may slip to-day,
but they viii return tomorrow, and
when they return, he held, the swing
back usually is Of such strength and
potential force as to carry them to
higher levels than ever before reached
This real estate philosophy should be
appropriated by traders in the market
to-day. Buy right that is, at current
market values-and there viii be 30
reason for complaint against real
estate
The $4,000 600 block originally cosz
only few thousand dollars. 1t was
part OF Medrcf Edcn's farm, which fol
lowed the west side OF the Albany Post
Road, or 81 adWay. from 4uout Forty
second TO Forty-siXth Street. and ex-
tended in a northwestcrly direction &c
the river, and for which Mr. Astor paid
$4,000 in a foreclosure action.
Bought at Court Sale
Eden was a prodigal Englishman, and
pledged often the fee he held in The
tract Of land. Mr.. Astor took onc-thirl
interest in the property, and when ne
was not paid, or when it came to court
because some of the other mortgagols
had not received their money. Mr. As
tor bought IT, He later PAID $4,000 t9
relatives Of Mr. Eden who had come
from England TO regain the properly
They were not far Wrong, buL ii was
New-York tribune., 1921-01-09

fore, cost him all told s34 900 To-day
the Eden property would be worth at
least $4,000 600. Mr Astor sold of
parts OF the property at prices which
gave him a wonderful return on his IN.
vestment, and at the same time left
INN n control OF the Post Road front
age.
The extension Of trade areas at the
lower end of the city, the development
Of shipping facilities, the building Of
fine homes indirectly added value to
the Astor property and that Of others.
Tho same thing is going on to-day.
Every development sufficiently large
to have sectional influence also adds q
little to the worth Of property in
other sections. New York is growing
so much more rapidly than in those
early days, and developments of so
much wider influence are being com
pleted or planned that the prospects
FOR greater enhancement to-day are
much more certain than at any time
$4,000 900 Astor Hotel block
Just before the Mexican War Broad
way lots sold at auction from $500
TO 5000 In 1885 the block between
Broadway and Fifth Avenue, Twentieth
and Twenty streets was sold at
auction in plots at from Sl,500 TO
So, 400. During the same year and the
oITe following, the land on which stand
Gimbel's, Saks', the Hotel Martinique,
the Hotel NcAlpin and Macy's was
sold at auction at prices ranging from
S400 to S5,796 lot
Old Prices Tell Story
The land diagonaily across from the
Astor, the northeast corner Of Broad
way and Forty-hfth Street, where Mar
Gus Loew is erecting an Office build
ing aud tAeater, was bought at from
S1,0lO to $500 4 lot at auction, very
cseditable prices. according to the eX-
ports of 1850 The price paid yearly
for the coat room privilege in any
OF the iirst-class hotels in the section
is more than the entire block front
from Forty-lifth to Forty sixth streets
brought at that auction
The following year the two blocks
between Broadway and Sixth Avenue,
Forty~frst and Forty-third streets,
were sold. An average Of $3.50 a lot
was obtained at this auction Look
ing at the property to-day and the
great amount Of money invested in the
improvements in the section, it is hard
10 believe that at any time, not alone
siXty-cight years ago this land sold
at S1ol0 TO 50 $50 lot.
Thirty years after the sale Of the
noiahoast corner of Broadway and
Forty second Street at an average of
$3.50, q. 3. Potter paid Sl65,0o0 Tor
New-York tribune., 1921-01-09
Nine Billions Spent
For Neip BUILDINGS

In the ten years, from 1910 to
9ls, inclusive, s9,l43,765,ooo was
put into the construction Of build
ings in the United States. The
average yearly investment in new
buildings in this decade vas s9i4,-
3'e,5o0, mighty big Bill for dwell
ing places and commercial houses
The following tablo ehous the
amount Of money spent each year
for new buildings. Though 1919
yeads in the amount invested. Il.
was not by any means the lending
year in the decade in point OF guam
tity production. War prices were
being paid in 1919 for everything
which curtailed production to abao-
lutte essential projects.
New-York tribune., 1921-01-09
Chance TO Select from Nineteen Neu
Brooklyn Homes at Buuer's Oun Price

Waiter S. Nichols the vacant pot z,
Arlington Street, P.sre Street ar
Nichols Alley, Newark, y. j, St@liV-
irregular.
At voluntary sale VIII be offered the
northwest corner Of St. Nicholas AYE
nue. and 1l9th Street. .lye-story nsi.
26 West 12sth Street,.s lot. Zoxss'-
and 55s Atlantic Avenue, Brooklyn :
three story dwelling; for the estate o;
Charles Himmel 5ll, 5l3 ard 525 West
Forty eighth Street, three ave.ssof !,
tenements, 25xlo0 each; also IS ana
55s Wes. Forty-sixth Street, three
story dwelling and four-story tene-
ment; for the estate Of Chsries
schulz, the southeast corner o.
Amsterdam Avenue and lS+th street.
l9.11xl00. vacant and for the essa.s O
Iucob Dohrham, the vacant 10. 25xso ~
tl.e east side Of Union As--'-a. % fec'
g.,
New-York tribune., 1921-01-09
London Folks Prefer
Stages to Sub,oays

London folks prefer cmnibuses to
subways and street cars. Subways,
however, are twice as popular as
street cars. The stage lines are
frequented by travellers in the pro-
portion Of nearly three to one. Ac-
cordins to statistics on city traffic
p furnished to the Commerce Depart
mont in consulate reports 10,460-
358.968 persons Travelled on Lon
don's subways, omnibuses and stree.
cars IN the last ten years. In the
London subways 2,5s1,254,160 pas
sengers Travelled in the last decade
On street cars the number was
l.7Go.72O,3e7 and on omnibusee g.
51S,374 al Travelled.
London folks apparently prefer
the open-thc fogs, rain and wind.
New-York tribune., 1921-01-09
Buyer I" Convert Lexington
Avenue Dwelling Into Flats

Froman & Taubcrt sold for Louis
Strauss as special guardian for Esta
Green TO Emanuel Arnstcin 1900 Lex
lnHton Avenue, = thrce-story dwelling.
l7~bo. The same brokers sold ~ tie
purchaser within the last few months
ll9' ana 1893 Lexington Avenue, al
loIning. mud he now controls IA plot
5lIo5. lie contemplated converting the
houses into email apartments and
qtOrcS
New-York tribune., 1921-01-09
Home Rule agitation
Fs Not Unreasonable

That New York City has reached
the proportions of a state not only
in area, but in business Importance
may be judged by the income tax
returns to The State Treasurer.
which show that one-thirl of the
total tax came wrom this city. The
total return waa $36.ooO,O0o, and
that collected from New York City
was $12,29S,4 ,4a4.
New-York tribune., 1921-01-09

been cleared I'D st the beginning O
1920 as regards second and third mort
cages and excessive ars.s, vita the es-
ception Of properties Thich were pur-
chased by merchants for occupancy.
"l 60 not look for an active marAes
during the coming year. Rentals O.
business properties gre declining, rant
of high class apartments w;l folio.
and there viii be q movemen. II vel
located vacant land # building costs
como down to q xeasonabIa level.'
New-York tribune., 1921-01-09
Stable in West 10Th street
And T.. I2Qth st. Carsge sold

Nassoit {, Iarriag sold for Mrs;
F. Lewis the two-storv garage 3t2 Wes.
Seventeen Street 2oxf0o, to the Prin a
Realty Corporation, Tho plan exte-~
sive alterations.
Shaw. Rockwell & Sanford sold for
the Payne estate to James L. Van San.
1875 and 13T East l29th Street, four
story stable. 50xl0o Through the
same brokers Mr.. Van SAINT has occurred
an option on all the plot, 5oxl0e, d.
rectly in the rear
New-York tribune., 1921-01-09

part of New York, the same New York
which is still growing and spreading
out
Those who bought at the high prices
OF 1850 and 1851 and held on to their
purchases have provided steadily
increasing income.
New-York tribune., 1921-01-09

The evidence is that one cannot 80
far wrong in buying real estate There
are properties IN this city Of little
value to-day, which ten. twenty or
thlrt years from now, VIII have proved
TO be Investments perhaps OF the MIL
lion dollar order.
New-York tribune., 1921-01-09
------------s
kstate Parts viii, Holdings
In OId Greenwich VILLAGE

Van Niiot G. Place sold for the Carr
FStete the uneXpiled lease Of S4S to
$50 Washington and 44s West Thr-
teentn streets, IL tive-story store loft,
three-story building, 103.3xi50 and
nc. stNrY EAragc
New-York tribune., 1921-01-09

Sale of Marble Ifitl Plot

S.,ruuN1 Bendit, trustee, told 10
NINA A. Schumacher the y ot,, G7H83. lox
irregular, IN the northeast side Of Ley
den Street l2a feet southeast of leu
..Issen I.Ace. Marb!c Mn
New-York tribune., 1921-01-09
Will Free. Home n, Wyku~vi

The Wykagyl Holding Company gold
a, large plot on iyncroft Road to Mary
stone brick dwelling arc being pre-
1areA hy LAwxsnaA N. Loeb. architect.
New-York tribune., 1921-01-09

firet apartment hDuse Improvement
khn. haE been undertaken On the form
sr Eennett eesatc holdings on Wash
irHtDp Uoifnfs wnich mere sod ~ auc-
sfoa lar s4Iemer y aifaoat completed
FnrHr fDH Tfgou Arms II is n
sI-esDfy eieyatDr f,f1c,4}e md cDYera
ri.e norts4eaet cDruer of i1td + rert and
Ipft Wasn.nKton hVenDe - is ex-
peeted ~ be rcady gor Dec4paucy OH
February /. and Will contain suites oY
AhYsas fsur A1d 1vs rooms
Every evening, Wilmington daily commercial., 1921-09-12
COURT TRIALS BEGIN.

Williamson. w. Va. Sept. 12.--Tak-
Ing of testimony in the second Mate
wan tnttle trial began here. today, be-
fore a jury composed of residents from
pocahontas county.
Reere Chambers and Fred BurgraH
are charged with the killing Of w. J..
Ferguson. one of seven Baldwin-Fei
detectives slain during the gunhght
at Mattewan In May. 1920. when ten
men met death.
1t was expected the trial would be
Of short duration In that only two Of
the "a men originally indicted were
tn he tried. Fhe first trial in which Sid
Hatfield Recently killed on the steps
of the court house at Welch. in pis
toi fight. was the principal defendant
resulted In an aeuuittal Of nearly a
score Of co-defendants
No one was permitted IN enter the
court room today. apart from the de-
fendants. witnesses, regularly consti-
tuted authorities and newspaper men.
A venire uf Pocahontas county resi-
dents was called. following a law pass
cd by the last Legislature which pro-
scrihed that in special cases residents
of one county could he empanelled for
jury duty In another. The present jury
was selected last Saturday.
Every evening, Wilmington daily commercial., 1921-09-12
GENERAL DANDHOLTz|
|. LEAVES COAL. REGION |
But Three Regiments Remain
to Guard Against Renewal
Of Disturbances.
by Associstsd Press to Every rvsnins.

Charleston, w. Va, Sept. 1z--Brig-
adler General II. II. Bandholtx COM
mandins troops In the southern West
Virginia coal fields. where recently
disturbances and clashes occurred be-
tween men on the border OF Logan and
Boone counties, left today for his
headquarters at Washington.
The Tenth. Nineteenth and Four
tieth Regiments rernaff1ed In the field.
under command OF their fespectivc
colonels. The Nineteenth, however.
has been designated as n hcadanar-
ters' outfit, with regimental headqusr-
tera at kanawha city, near Charles
ton. II is commanded by Colonel G.
A. Martin. with Captain John NJ Hite
chief of staff. The regiment. allocated
to the Coal river fields. has seen ser
vice In the southern West virginia
fields before. having been on duty for
several months under the command of
Colonel Herman Hall. when martial
law was declared In Mingo county in
November, 1870.
Before his departure, General Band
holtz addressed letter to Governor
Morgan. thanking him and the resi-
dents OF West Virginia for the manner
in which they had received the Fed
erai soldiers during military occupa-
ton. THE Federal troops have been
shown only the utmost courtesy .
General Bandhoitz remarked IN his
letter to the governor.
Every evening, Wilmington daily commercial., 1921-09-12
DRY LAW W|OLATORS
ROUNDED UP BY POLICE
Four Men and One Woman in
Custody Following Week.
End Activities.

Four men and one woman. charged
with violating the liquor laws. were
arrested by the police in a weekend
round up.
Arraigned in Muicipal Court today
Joshua Johnson, colored. arrested by
Officer Kreisel at his home. 20e West
Eighth street. on Saturday evening
pleaded guilty to selling liquor and
was sentenced to pay a fine of $500
and costs and serve six months Inn
nrisonment,
ran. Jr.. counsel. the case OF Joseph
inc since OF 1133 East Fourteenth
street. charged with selling liquor
was continued until Saturday. Ser
geant Fox and squad of officers
made search of the house and
found one quart OF liquor.
Eighty-one quarts OF whisky and
gin were seized in a raid on the hopse
OF Henry MoseIy, 900 Wilson street,
on Saturday evening when Mosely
WAS arrested on a charge of selling
liquor. Patrolman Curlett arrested
Charles Loper. Negro, on Saturday
night and found a loaded revolver
on him and two quarts OF alleged al
cohol.
Antonio, Monaco was arrested by
Officer Knox on warrant charging
him with selling liquor. At the re-
quest of Philip Garrett the three later
cases were continued until next Fri
day.
Every evening, Wilmington daily commercial., 1921-09-12
Enjoyable Marshallien farty.

Mr.. and Mrs. Frank MCKINLEY IN.
tertained party of friends at their
home in Marshallton Friday night
The porch was artistically uasor-
ated and lighted and the floor waxsd
for dancing. Old and young enjoyed
themselves by tripping The light ran
tastic toe TO the excellent music fur
nished by an impromptu orchestra.
after ynich they We're invited to the
diningreon1, which was also beauti-
:ully decorated. to partake of refresh
ments. Those present were: Misses
Helen Coke, Edna Campbell. Eliza
beth Johnston. Ann McCarns. Mar
garet Rigby, Regina and Margaret
du Ross. Catharine and Marie Nc
Ginley; Messrs. Ralph Smith. Mr..
Bird, Preston Coke. Daniel iu Ross.
Bob" McCafferty, George Hess, Joe
Hermann. John Mooney of Darby.
Pa, and Francis McGinley.
Every evening, Wilmington daily commercial., 1921-09-12
MANY GARMENTS ARE
SHIPPED TO EUROPE
Rcd Cross Reports Forwarding
5,143 Articles to Needy
Ones Abroad.

Interesting reports were prcsentea
by various committees of Delaware
Chapter OF the American Red Cross.
at a meeting held this morning. and
at which Henry +. Scott, chairman of
the executive committee presided.
The work of the Bureau OF Pro-
iuction. located In the old City Hall
has ended. There have been b.14s
garments made and shipped across
seas. Mrs. j. Monteith Jackson has
BEEN directing this work and It haa
been 30 well and creditably done, that
the executive committee voted Mrs.
Jackson vote of thanks. Kent and
Sussex counties contributed largely
to the supplies forwarded and 1t was
through their cooperation that Dell
aware was able To make such good
showing. In some states the chap
ters failed to organize for the work.
and those compared with Delaware
add the greater credit to this COM
monwealth,
The Bureau of Home Service re-
ported its many activities in aiding
ex-service men. One man who was
helped and who finally regained his
health. was so grateful for the aid,
that he sent a check for $50.
Miss Miriam Carson read the report
of Mrs. Joseph Bancroft. who Is alb
sent from the city. on the Work of the
Bureau of Hygiene. 1t WAS under this
department that the free swimming
lessons were given TO thousands Of
men. women and children I'm this city
this summer. One of the results has
been the saving of six lives by men or
women who had learned to swim in
the swimming campaign.
Every evening, Wilmington daily commercial., 1921-09-12
CHICAGO CATTLE MAREET.
B., Associated Pre.s to Every Evenin


Chicago. Sept. 1z.-Cattle recriptr
II 900; slow. strictly good 10 choice
yeariinxs. handyweight steers and
choice kosher cows steady. bidding
weak TO lower on other grades, beef
steers and she stock; bulls steady
calves weak to 25e lower; early top
yearfinrs. 1000; some held higher;
bulk beef steers. s.5olds.50; butcher
cows largely 400m5.0o. few heavy
above s.z6; bologna bulls mostly 400
"a ABS; good to choice light vealers
mostly fz.0o0l12.5o.
Hogs receipts $4,000; generally
steady with Saturdays averages:
spots 10 to rs cents lower on packing
and heavy butcher grades. top, 925.
bulk lights and light butchers. s.75Gn
ai0; bulk packing sows, 6.75017. rs !:
pigs. J-carce. generally steady.
Sheep receipts 10000: lambs strong
to rs cents higher: native lambs. top
early, s2b to packers. s75, to oat-
siders; top westerns, s.75: top. feeder
lambs early, 9,25.