Every evening, Wilmington daily commercial., 1922-02-25
STAGE ALL SET FOR
AUCTION SALE OF
UNION PARK HOUSES
Prospective Buyers Urged to be
at Auditorium Early Mon
day Afternoon.
ADVERTISING BENEFITS CITY

Ths .t.re has been set and the a.
n,, .rransements have been made for
the erc~test real estate event In the his
tory OF Wilmington. IL not In the
United States. This ts the auction IN the
Auditorium. Eleventh. West OF Madi-
eon, at n. m. next Monday. or Union
Park Gardens. the residential project
developed during the war by the L. ;,
Shipping Board Emergency Fleet Cor
porstion.
The last piece OF advice issued by
Gerth's Realty Experts, aucuoneers,
n that everybody interested in the sale
be on hand early and bid boldly and
loudly. raising their hands as they do
20. when the property they want IS
put up. There are 5oS houses. stores.
! store with apartment overhead. / six
family apartment house, and tracts
OF vacant land 10 be offered fer what
ever they viii bring.
Interest In tho sale wos at high
pitch today due 10 the arrival of scores
uf persone from out OF town. The pres
ence OF professional real estate opera
tors and would-he investors from
New York. Philadelphia, Washington,
baltimore. Chicago. Detroit. Cleve-
land. Jersey City. Camden. Trenton.
Chester, Pittsburg and other cities was
noted In all the hotels and speculation
was ripe as to what the houses would
bs Knocked down for IN the competi-
tive bitsiinss. Some Of the professional
outsiders ventured guess that the
average price would be SS.S00, while
other heralded experts declared the
average would run as high as $4,000.
oh, ,fas Go
tant cities offered TO wager that the
store property, included IN the sale,
would br,ns around ss6 900 as a whole
and that the apartment house would
80 for somewhere between $4,000 and
$50. 600.
Further interest was added 70 the
speculative talk by the arrival OF rep
resentatives Of six large syndicates
formed in Brooklyn. New York. Pitts
burg. Pa. Newark. y. j., Washington
y. g. Chicago. H.. and milwaukee,
Wis. ftr the purpose os Bidding on and
J acquiring n possible. Union ParR
Gardens. Just how true the report Is
cannot be determined. but It Is eait
that one Of the syndicates is prepared
60 offer a lump sum cash bid OF ST..
500 900 for the Shipping Board hous
inz project I'm It's entirety. II is ru
mored that local syndicate IS read!
90 offer lump sum bid OF 1880 600
II the people OF Wilmington do no
fully appreciate what a valuable resi-
dental development they have ii
Union Park Gardens, d surprisingl,
large number OF persons living tus
outside OF the city, and at distan
points as well, do. Many outsiders
especially persons living in Philadel
phia and other places in that imTNedi
ste vicinity. have signlfed their inten
tion OF buying large percentage o
the houses. These persons, in particu
lar. want 10 live IN Wilmington be
cause OF its charm. and because tn
Communication rate between Philade'
phia and Wilmington is low and tn
cost OF living within their income:
Local residents who have been 10
70 believe that the houses at Cnio
Park Gardens are, virtually. 10 be Civ
en- away, had better awaken 10 IN
danger OF their losing the create.
home bargain Offering ever made any
where. II they don't watch out, out
siders who have sensed the resl valu
OF The property 10 be sold VIII absor