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HERZ BUYS A HOME FOR SHORT GRASS Kingston Stud Farm Sells for Good Price, but Not TJp to Expectations. LEXIXOTOX. Ky.. January 24.— The thoroughbred stallion Short Crass and the mares and yearlings beteaghsg to Emil Herz of New York and his associates in tiie Short Crass Stud Corporation will remain at Kingston Farm. Herz at the auction of the noted place today bought the principal tract of 150 acres for 10 per acre, a total of * 135. 500. II was in the nature of a bargain, in the estimation of many good judges of property values in this section. Messrs. Stone and Ruckley. who recently purchased Che place from Col. R. L. Raker, wore expecting at hast sl.iKM per acre for this tract. Auctioneer Rolivar Rond read a statement from the Combs Lumber Company to the effect that their estimate of tiie value of the residence, barns and other improvements on this tract, exclusive of fences and the water system, was 42. OtH. The other two tracts, comprising a fraction more than eighty-three acres each, were purchased by E. E. Towles, formerly of Maine, but for several years engaged in tobacco production in this sec tion. He paid 5 tier acre for tract No. 2 and 8730 per acre for tract No. 3. The general average for the property was 9S.40. whereas it had been freely predicted that it would average .Sl.lKMl per acre. Il was a matter of comment after the Kingston ■sib- that the announcement of the sale of 213 acres of the James R. Haggin l„nd by John E. Madden to Joseph E. Widener of Philadelphia for 00. OOO had tin- effect of decreasing the total of the sale toda. by possibly 5,000. and that the state of the weather made a difference of much more. There was cm rent today a report that the actual pay meal from Widener to Madden is to be 90,000. but Mr. Madden explained that S30.000 of this is for furniture in the residence and for banes, the names of which have not been announced. Matt Winn lias gone to New York for a brief visit.
