Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-08-03
DUNL0P'S MILL SOLD.
Mr.. WARNER MOORE THE PUR-
CHASER, AND s43, 900 THE PRICE.
What the New Owner Proposes
to DO.

The valuable milling property. brands.
and franchises of the Dunlop & McCance
Milling and Manufacturing Company were
sold by public auction yesterday afternoon.
The entire plant was knocked out at the
exceedingly low figure of forty-three
thousand dollars 70 Mr.. Warner Moore,
one of the most pushing and progressive
/ young businessmen of this city.
The sale. which was conducted by Messrs.
r. b. Chafin Il Co. for Mr. Isaac Dayen-
port, Jr., the trustee. was made in pursu-
ance to resolution of the company
adopted on the 11th Of July. the terms Of
which were accepted by the creditors, Sc
cured by deed to Messrs. Davenport and
Fry. trustees. the latter of whom declined
to serve, which bore the date Of June y.
1888.
LARGE CROWD.
The property was offered on the pre-
misses in Manchester between half-past II
and o'clock. There was quite large at
tendance, including a number of gentle
men connected with the milling and grain
business. Among those on the grounds
were Messrs. Isaac Davenport, Jr., Charles
j.. Todd. S. G.. Fairbanks. III. b. Talliaferro,
Byrd Warwick. Philip HaXall, Frank Dun
lop, Warner Moore, Charles Watkins, and
DIP. James IL. hObertsOn.
THE BIDDING.
When Mr.. Chafin offered the property
Mr.. W. w. Baker. one of the owners of the
sWnac-mhl, near the Danyille railroad
bridge. bid $4,000. His was soon followed
by bid Of 33OO 600 from Mr.. Charles Wat
kiHs, but Mr.. Baker went $1,000 better,
and Mr.. Watkins again raised it to S32, 900.
Auctioneer Chaffin cried this latter bid
for several minutes, and it seemed a. If all
had had their say aud bid their highest,
when Mr.. James l.. Robertson, of Manches-
ter, broke the mOnotony 10y raising II TO
S3S 900, and was promptly followed by Mr..
Watkins with $4,000.
Nr. Warner Moore drove up about this
time, and after hearing the above bid cried
for awhile offered to Law down $1,000 more.
Mr. Baker thought $4,000 not too much.
and put up the $4,000 advance. Captain
Philip Hax9ll bid S39, 600, and after "A con-
side2f3le' full Mr. Baker made 1t even
Mf. Charles Todd now walked to the
front and put q,t'et'iS on the whole pro-
ceeding by bidding S42, 600: at which the
properly. after being cried for few min
utes; Was knocked out 10 him. Mr.. Todd
stated that be bought for his friend. War
ner Moore. Esq, who he thought had n
good bargain.
IEt lot on Ilt fDTUfI Nl Nf'bui hN'l
Stockton streets, on which the cooper
shop was formerly situated, was next put
up and sold TO Mr.. Moore for $1,000 D.
making the total cost t. him of the entire
property $4,000.
WHAT TT RFPRESENTs.
The proceeds will about pay the expenses
of the sale and the first mortgage Of
$4,000 tO the First National Bank, on
which a half years interest is now due.
The second mortgage obligations amount
TO S75 .0O0 The holders of these viii re-
ceive nothing.
THE PROPERTY.
The ground upon which these mills ARE
erected is held under perpetual lease, eX-
piring 2lst December 1892, renewable for
ever at successive periods of twenty years.
The leaschold estate Is subject 20 n
rental OF $4,000 per annum for the id1'd anu
lcdter- -pOirer, but Is exempted with us I'M
provements of every description from all
municipal taxes. The buildings consist of -
The mill proper. brick building, coy
cred with tin, CO. x6S feet eight stories
high which contains al the milling ma
chinery and modern appliances.
The granary, brick building, covered
with tin. 55xl10 feet, eight stories high.
which contains all the grain-cleanlng ma
chinerE and has ample storage-room for
100 0l1 bushels of wheat and 10000 barrels
of -four.
III storage warehouse. a wooden build
ing. gravel rooted, 6lx73 feet, four stories
high. and with storage capacity for 1000
barrels Of -four and 10000 empty barrels.
These mills were established in 1913.
WHAT Is PROPOSED.
Mr.. Moore in conversation with Dispdich
reporter yesterday afternoon, said he
bought the mill for himself and expected
to have il conducted under his personal
supervision or management. He did not
saw when it would be put IN operation, but
the entire machinery is in perfect order
and may be started up at any time. The
roller-mills put IN few years ago cost
S72 900 alone.
While there were apparently several bid
ders, it Is understood that the only bona
tide purchaser present was Mr. Moore, and
that several Of the bids were made by his
friends tor him