The New York herald., 1921-06-29
Interests Said to Represent
United Cigar Stores Win
With 81, 100000 Bid.
8 LANDMARKS IN PARCEL
Jos. r. Day Auctions Palmer
Draper Realty for Total
of 2,117,5O0.


tate held since the sale OF the Henry
Astor holdings in March. 1920. Joseph
p Day, auctionocr, disposed Of six par
cells yesterday for the estate Of the late
Courtlandt Palmer and the estate Of
Mary A. Palmer Draper at a Supreme
Court partition sale in the vesey street
exchange. The six parcels brought a
total of $2,117,500. OF this more than
half or sf,420,O00 10 be exact. was
paid for the three parcels at the south
east corner Of Broadway and Four
teenth street, which were bought by the
Marvel Holding Company. NJ. Silber-
man, president, for the American. SUI
natra Company. 1t was common talk
on the floor OF the exchange that the
purchasing company was acting for the
United Cigar Stores Company or
America.
The Union Square Hotel property. at
the southeast corner of Union Square
and Fifteenth street, was sod to Will
lam p. Goldman for $225.000. The
building occupied by Ludwig Baumann
4 Co. at 500 to 514 Eighth avenue,
northeast corner Of Thirty-nfth street !;
the three story store and loft building
at 26s West Thirty-sixth street and the
one story building at cs9 West Thirty-
fifth street were purchased by Sidney
K Baumann of the Baumann company
through Sigmund Wechsler. attorney.
The buyers have occupied the Eighth
avenue property since 1878. when they
leased one OF the stores at $1,o0o a
year They paid s307,5o0 for the par
cells at yesterdays sale.
Murray Hill Property sold.
NJ Blosveren. fur manufacturer,
bought the four story and basement
SO foot residence at I'll Park avenue
(east side). with a three story 20 foot
front garage forming an ~ to "a East
Fortieth street. He paid s165.0o0 for
the property after Felix Isman. an op-
orator, had run him up on a series OF
four bids starting at s125.000
The sale in some respects was spec
tacular. There were exactly Isl bids
for the Broadway and Fourteenth
street corner. which was being sought
by Samuel Stone. an operator, and
Felix Isn,an, representing Benjamin
Kaufman, the halter.
Mr. Day started to offer the corner
in three separate parcels comprising
the Broadway frontage north OF the
Rogers Peet Company Building, the
Union Square Theatre (once Kei.h's)
and the Hotel Churchill. formerly the
Morton House, on Fourteenth street, ad-
joining the southwest corner of Fourth
avenue He waited in vain for bid
and then announced that the referee
had ordered that the three parcels be
sold as one. This was what the 500
or more pcrspiring men and women who
crowded the salesroom wanted appar-
emily as the announcement was greeted
by several rounds of applause.
The bidding began at 100000. II
had not progressed far when II became
evident that Samuel Stone, an opera
tor, had ~ his heart on obtaining 1t.
Mr. Day had informed his hearers be-
fore the bidding started that In ten
years the three parcels would bring
s2.000.0o0 cash. Almost from the out
set Felix Isman appeared openly In
the role OF a runner up against Mr..
Stone. Tie latter, Il was whispered
around the auction room, was repre-
senting a syndicate of wealthy moving
picture operators.
Continues Bidding on Sidewalk.
BY the time the one hundredth bid
had been. registered by Messrs. Stone
and Tsman and the amount had passed
the Sf,25o,000 mark. Mr.. Isrran, who
had slowly been working his way from
about the centre OF the 5wcIterlng.
breathless room. approached tic exit
on Vesey street nearest Churca Etreet.
There he paused and held his ground
until dozen or more bids had been made.
Meanwhile Mr. Stone stood his ground
near the auctioneers stand. Presently
Mr.. Isman was nsera 10 remark that
he was leaving tho room, but two of
Mr.. Days aisle men followed him into
Nesey street and frequently came
sprinting back TO the door with a fresh
hid. and then In defiance of the heat
and humidity, dashed back to relay
stones latest offer TO Mr.. Isman.
The crowd. which had waited TO
witness the offering OF this bit OF prop
erty, was on tiptoes with excitement.
The tension was all the more keen by
reason OF the fact thx at times the
bidding would run up only $500 and
then $3.50 bid Now and then some
third party would boost Il up s1,00u.
In this fashion the crowd was enter
tained and Mr.. Day was earning his
commission n he ever did with his
Fair warning and his And is--Is"
cry until Mr.. Isman. who h.d gradually
strolled east along vcsey street, finally
appeared In the other doorway nearest
Broadway There he took UP his stand
for another round OF score or moro
Of bids until his last bid was voleyed
out at si.315.000. TN through" he
shouted and stepped outside. lust be-
for Mr.. Day let his Ssvsl fell with
the words lis sold'' Mr.. Stone came
through with st.416.00o. Aosin Mr..
Day shouted his familiar Fair warn
Ing" Mr.. stone mopping the perspira-
ton from his brow shouted so that all
could hear. I'm through. too" md
started for the door. Mr. Day was
about to knock the property down TO
Mr.. Stone when Mr.. Silbcrpian of the
Marvel Holding Company bought the
scene to dramatic close with his bid
of s1.42o,ooo.
United Owns Corner Opposite.
At the offices Of tho United Cigar
Stores Company yesterday II was said
that the American Sumatra COMPANY
the client OF Mr.. Silbsrnan. is in no
way connected with the United COM
pany. There was no definite informs-
tion forthcoming as to whether tho
United would eventually Toxic over the
property. The United Cigar stores
Company already owns the southwest
corner OF Fourth avenue and Fosrtcenth
street and has n stand In the corner
store at Broadway and Fourteenth
street. IL It takes ovcr yesterdays pur-
chase II will control all the block
bounded by Broadway. Thirteenth and
Fourteenth streets and Fourth avenue
except that part occupied by the big
store OF Rogers Peet Company.
The rentals from the three parcels
a.F..