The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-06-28

GIGANTIC SUCCESS.
Frank Stevens Gets $4,000
More Than the APP
praised Value of
the Coles Estate.
HOW THAT RESULT WAS ACHIEVED
Real Estate Operators Look for a
Building Boom in That
Part Of the City.
HOW THAT RESULT WAS ACHIEVED

buliuluE DOUIu III 1uAt
Part Of the City.
The great partition sale of the Eliza
beth u Coles estate was concluded in
st. Michael's Hall yesterday afternoon.
The estate consisted of two hundred and
sixty-two vacant lots in what is known
as the Payonia section of the city.
Some of the lots were desirably situated,
others were valuable for factory pur-
poses, while a great number had only a
future value, by reason of being meadow
lots at this time. Notwithstanding the
many obstacles that were In the way of
making such an enormous sale a sue
cess, 1t was made a gigantic success,
and all through the untiring and bust
ness like efforts of Auctioneer Frank
Stevens. President of the Real Estate
Trusts Company; William G.. e. See, the
Special Master in Chancery under whose
supervision the sale was conducted, and
William c. Cudlipp, the solicitor One
has only to glance trough the long list
of purchasers to see that A%uctioneer
Stevens managed, in his own peculiar
way. to attract to the sale the wealth
lest, largest and cleverest realty oper-
ators in the city, and not one of them
got away from him until he had sold
him one or more pieces of property.
DISMAL CROAKINGS.
1t was whispered about by some auc-
tioneers that the dumping Of 262 lots on
ne market for one sale would result
disastrously. Some asserted that low
prices would prevail, other that the
neirs would have to buy in to protect
themselves. None of these things came
10 pass. Not an heir bought in a foot
of the property, and every lot sold
brought its full value. and in at least
| dozen instances Auctioneer Stevens
procured twice the value of the land
sold. That is a habit of his, and it is
SHOWN at every sale he conducts
An instance of this kline caused con-
siderable amusement at yesterdays sale.
n last lots offered were Nos. /, 2, 8
ND 4: IN BLOCK 2S9; No. ] formed the
o ehae Of Erie and Fourteenth. streets,
thirteenth street. Nos. 8. ; and 4 Went
Q P. Hulz for $500 each. That was their
ull value. and It was doubtful if they
YOU'D bring that amount again today.
WHAT HARD WORK DID.
NO; being the corner lot. was partic-
vas paara offe peSir s. 'a5o for A~ y ion :. Stevens
ng what to do about accepting it, when
" mingling with the purchasers present
,le earned that there were two buyers
,ther should. not have It. Mr.. ! Stevens ems
worked on these two buyers to perfec-
, ION, az ana - procured r2 for that lot the large
he buyer. The prices at which lots
Yere knocked DOWN were up to the
xaet iuati IN every instance. The
that they have bargains. All are
banking" on the speedy development
II that section of the city. 1t must be
: : ri9e ranr that 2s2 lots in any section
s~cetion. The Coles lots were vacant.
nc, could not be sold and the heirs
.ouid not build on them. With the lots
an;ldineT may, be expected. The sale il
aknowledged to be the greatest and
hosl successful one held since 1870. The
5anosone sum OF s139,620. which is S.
90 more than the estate was appraised
.Auctioneer Stevens was thanked for
is efforts by the heirs of the estate.
',peclal Master See and Solicitor Cudlipp
si g came IN for a share of praise.
'9les. the purchasers and the amounts
yEsTERDAY's. PURCHASERS.
Block s2s, lots Is, 26 & q, Fourteenth
street p,ec, by ysa :. J: Mathews, fer $500 each.
Aths AOL9 IL, "a EJ ~ DART 70,
90 ro-ost street, by S. McBurney for
Block 15s, lots %, part a5 3 part IS.
'A Biosk 'G l5s. Si' iofs %, part Is, Provost
street Riec,, by re George ". Peterson. for s., $50:
Block ais. iots .. 10 & y s.x+h street.
by $. McLarghlin. for sos each.
w. Peterson. for S525.
Block 41e lots B + G Seventh street,
by p, E; J. Mathews foT $3.50 each; :.
6; nl w; P1f is 'ols for q $500 Sc 4, : 90. N.,tb
street, by James Mccsue for s215 each.
Bic. Block b as 5 l9 as1S ;. m4 s = e. Brunswick s.gg sy1l
Block 40, lot 5, Brunswick street. by
BY Bl e. e ss ! lots tor s ss5 s Sch : |; Coles street
BLOCK 1853 lot 8, Coles street, by J.
8. R1 f. Perry 1ss; l0 for 80 s5 TAirteenth street by
BE. nlofk j. lSS ! t lStz 2 e. & s,.$ 2s, Thirteenth
street. hv D, Mel .aueh'in. fo~ $3.50 each.
Black aeg, lots. 5. 6 & Z. Coles street,
BY ?: Mosar,;aughlin. fer $500 each.
M Claus liz f. fer 1900 ,etb straat -
Jemes Assarr. for sion.
s+ Block bT "a &. srar+ = for 70 $3.50 Zach a. Twelfth
Block 449. lots &c to 20, Pavonia ave-
nue.. by J. Casey, for Sill. each.
Block ago lote 90. 90. 81 & 90. Tenth
street, by, s. mclaughlin. for s225 each;
ms ~ p Raaamenr. for $3.50 each.
Block 3D4. lofs 58. 10 & ~. Brunswick
st~oet. Nv 7. Ctffsns fo~ $3.50 oarh
block 92s lots q. 10. il 70. Fifteenth
street. by r. Grant. for $3.50 each.
Block 1922, lots Is. 10 6 20 Grove street,
~. n Nj a~-h!i- fc- - sa- rece
Block % lots 10, IA, Is & IS, Sixteenth
street. BY Thomas Bvrra. for e5Ao ennh
R,onl poa. lots ? 3 r. A. Erie street.
by P. Hrlz, for 5000 each.
ptoclr oen 1ot ! Tie street. NV Thos.
DR.. Diclsirson of Hampton Court has
~~rtra tho brown store front housa on
Montgomery streat oprcs'te Va. Worst
Park, formerly occupied by Or. Lutklns.
Gas EXPLOSION IN A MINE.