Evening journal., 1922-02-25

The stage has been set and final
arrangements have been made for
the greatest real estate event in the /
history Of Wilmington, II not In the
United states The real estate event +
in question is the auction in the
Auditorium, Eleventh street, West
OF Madison, at l D. m, next Monday,
OF Union Park Gardens, the resi-
Dental project developed during the
war by the u. S. shipping Board
Emergency Fleet Corporation.
The last piece OF advice Issued
by Gerth's Realty Experts. auc-
tioneers. Is that everybody interested
In the sale be on hand early and
bid boldly and loudly. raising their
hands as they do so, when the prop
erty they want Is put up. There are
5O3 houses. stores. store with
apartment overhead ! six family
apartment house and tracts of
vacant land to be offered for what
ever they bring.
Interest in the sale was at high
pitch yesterday due to the arrival
OF scores OF persons from out OF
town. The presence OF professional
real estate operators and would be
investors from New York. Philadel-
phia, Washington, Baltimore. Chi
cago, Detroit. Cleveland. Jersey
City. Camden. Trenton, Chester
Pittsburg and other cities was noted
In all the hotels. and speculation
was rife as to what the houses would
be Knocked down for in the COM
petitive bidding. Some OF the pro-
fessional outsiders ventured a guess
that the average price would be
$500. while other heralded experts
declared the average would run as
high as $1,000
Further interest was added TO the
speculative talk by the arrival OF
representatives OF six large syn
dicates formed in Brooklyn. New
York Pittsburg, Pa. Newark n. j..
Washington, d. c.. Chicago. ILL.,. and
Milwaukee. Wis. TO bid on. and ac-
lquire, II possible. Union Park Gar
dens.
Charmed by Wilmington.
Many outsiders. especially per-
sons living in Philadelphia and
other places in that Immediate VI
cinity, have signlned their iiiten-
ton OF buying a large percentage
OF the houses. These persons. in
particular. want to live In Whining
ton because OF its charm. and be
cause the communication rate between
! Philadelphia and Wilmington is low
and the cost OF living within theli
| incomes.
/ Local residents who have beer
| led to believe that the houses a
1 Union Park Gardens are. virtually
TO be given away. had better awakei
II TO the danger OF their losing tn
II greatest home bargain Offering eve
II made anywhere.
II In addition TO circularizing ful
II page. half page and quarter pag
| advertisements have appeared In
| hundred or more papers and col
III umns OF publicity in more than 60t
II At the direction OF Charles S. Gertf
! head OF Gerth's Realty Experts. nc
II single state IN the Union was over
u looked by George w. Seymour Pub
III llcity Director OF the Gerth organ
zatlon. Mr.. Seymour made a poir
| OF telling the country at large wha
III fine city Wilmington is, what
delightful community spirit exis
here. and what a strategic place
II is in which to set up an industri'
n plant or to do business in.
II A number OF the city's prominei
II citizens have awakened to the vait
II OF all this advertising. among the
II Howard NJ. Ward, president OF Ci
II Council. Mr.. Ward knows Unic
II Park Gardens well and ne has al
II thorized the publication OF tn
II statement:
II THE Union Park Gardens res
n dental sectioff Is needed for the d
II velopment and improvement OF q
III city OF Wilmington. It Is a prais
worthy project and one. the ci
should be proud OF. 1 obtained n
II first real view OF Union Park Ga
dens from an airplane. Up to &
time OF my venture in the eth
or ethereal rounds, did not fu
II appreciate this particularly attra
III tive part OF our city.
lll Il want TO say that the value
II Union Park Gardens should not
] lost In the thought that the hous