Every evening, Wilmington daily commercial., 1922-02-28
GREAT DEMAND FOR
UNION PARK HOUSES
Continued from page I

hall. The bidding continued spirited.
Mr.. Foster and tho Chester crowd
making bids OF $25 until the figure
reached 31S,0T5.
Fourteen thousand dollars" was
shouted by one Of the Chestcritcs.
There was 4 pause OF ecvera Sec
cnds, after Mr.. Gerth repeated the
bid and men and women throughout
the auditorium leaned forward In thcir
chairs. Suddenly Mr.. Foster raised his
hand. started to raise from his seat
and shouted $l4.100."
Some Large Buyers.
Among the larger bidders were tho
following: NJ. J. I'm, OF Bristol, Pa.
who purchased twenty-one prop
critics. at price OF $4,000; Fred c..
Schneider. New Brunswick. N. j..
81 properties Mt sio9.50o: II. b.
Eastman, OF Bristol. Pa. between
80 and IS properties at 100000,
and Daniel Caufliel OF this city, 20
properties at an average price OF
$500.
The highest price paid for an indi-
vidual house was for 2l4 Grant avenue
and 2i5 Gcddes street. two Of the
'hFi'CSt uouStS III tnc tuTucItS, WHICH
We're purchased for $4,b50 each.
or the ?s3 houses sold yesterday,
1oa were sold in the afternoon and us
nj night. The average price In the af-
ternoon was &S.225.
The properties on Lancaster avenue,
2ioa-6-S-lo-l2-14. brought $500 each.
This property was sold without re-
strictions, and can be turned into
stores. The houses on Lancaster ave-
nue. all brought exceptionally good
prices. being knocked down at from
$3.50 TO $500.
conservative estimate OF the
number of tenants buying would be
from 10 to Is per cent.
The Delaware Mortgage Invest
ment Co. headed by Caleb F.. Burch-
cnal acted as representatives for many
of the tenants. The corner houses sold
for around $1,000 to $500: the semi
detached houses at about $4,000, and
the inside houses for $4,000 to $4,000.
The prices ranged from $2,575 to s4,-
500.
The presence Of syndicates from
out Of town forced prices up con-
siderably. II is understood that T.
&. Snyder. OF Brunswick. n. j., bought
practically the entire lot OF houses on
Geddcs street. as well as McIane
street. Another syndicate, that bid on
several Of the properties. is said to be
the Eastman Syndicate, OF Bristol, Pa
The American Realty Co. Of Baltimore
also purchased several houses.
c. n. Cauffiel. manager Of Cauf-
ncl & Co. real estate brokers. figured
in the bidding on many OF the choice
houses.
There WAS q surprising number
of spectators from Chester, Phila-
delphia. Bristol. Camden, New Bruins
wick. and other places in New Jersey
New York City. Baltimore, Washing
ton, Chicago and New Orleans. There
were groups Of local citizen. that ha6
formed syndicates to acquire rows O,
houses.
Some prospective bidders came from
Dover and other points down tn,
state.
r. r. Baldwin. manager Of HAyri
man. the Bristol. Pa. war Village O
tho Shipping Board. and L. D. Goheen
assistant manager. contributed to tn,
success nf tho two sessions. Thes,
men came 70 Wilmington especial,
10 offer such assistance as their ex
pcrience with the Hartman sale en-
abled them to give.
William Towers. manager OF tn,
transportation division Of the Ship
ping Board, expressed himself rs wei
satisfied with the result OF the frs
days sales.
The shipping Board was representet
: by Sidney Henry, commercial man
nrer. and Mr.. Towers throughout tn,
afternoon and night sessions. Mayo
Harvey was one OF the prominent cit
liens present when the sale began.
There was but one syndicate biz
for the entire lot Of homes. That wa
for fat million dollars from F. c
Snyder OF New Brunswick. n. ]. TIL
bid was rejected.
When individual houses were pu
up Lancaster avenue properties wer
knocked down IN the following order
Nos. 1922 and 1924, stores, to tn
American Stores Co.. s4.550 each; 1926
store an apartment, s14.100 TO IN
present occupant, the Foster Drug CO
Nos. 1918 wns sold at $4.475 TO b. F
Hall. No. 200 was sold for 500 L
the American Realty Co., OF Washing
ton. n. G.
No. 2o43 Linden street was sold 70
$4,000 20 DR.. Powell; 220 South Gran
avenue for s4.10o to American Realt.
Co. Washington: 21os Lancaster ave
nue. $4,000. Joseph s. Hamilton.
Mrs. Margaret NJ Dutton got 22O
Lancaster avenue for $2,s25. She wa
/. the first woman bidder. No. 220
Lancaster avenue went to e. F. Den
ney for s3,525.
Results Of First Day.
Following were the properties sol
yesterday afternoon and evening, wit
the assessed value and price eac
brought:
Lancaster Avenue.
1sls-Appraised at $4,000; starte
nj 81 500: sold 10 tenant for $4,000.
I32o--Appraised at $4,000: starte
at s., 900: sold to 3. F. Hall for $4.47;
1s22-Appraised at $4,000; started a
$4,000; sold to tenant for s4.55o.
1s24-Appraised at $4.5o0: started a
$4,000; sold to tenant for $4,000.
l926--Appraised at $4,000; etarte
at $4,000; sold to tenant for s14,1ot
21o0--Appraised at $4,000; starte
a. $4,000; sold to the America
Realty Co. OF. Washington for s1S.eo'
22o2-Appraised at $3.50; starte
at $4,000; sold for s2.s25.
21os-Appraised at $3.50; stArte
at 81 900; sold for $3,250.
2los-Appraised at $3.50; starte
at $1,000; sold to Joseph s. Hamilto
for $1,000.