The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-30
WILL SOON BE BUILT UP.
SUCCESSFUL SALE OF LOTS on
EIGHTH STREET.

S16.O0O-Ihe Kidding Lively nut
Those Interested in the sale Claim
the Lots Went Too CheaD-The
Majority of the Purchasers VIII
soon Begin the Erection of Hand
some Residences.
The sale of lots on Eighth street by the
Oglethorpe Real Estate Company yester-
day afternoon was successful one, nine
teen lots being sold at an aggregate price
Of over $4,000 the average price being
about Ss25 a lot.
The stock members of the Ogle-
thorpe Real Estate Company, who
were on the ground. claimed that the lots
were going entirely 100 low, and supported
their assertions by buying some Of the lots
for themselves. 1t was announced that
some of the members Of the company who
were on hand were Bidding for themselves
Individually and not for the company.
Mr.. John L. Archer was the auctioneer,
and handled the sale admirably, showing
that he had benefited by his re-
cent experiences. Mr.. Archer has
way of keeping the interest of the crowd
without wearying it, and showed that he
knew just how long TO hold on to a lot
without holding it 100 long or letting it
go 100 soon Owing to the very desirable
location of the lots and the number of
handsome residences that have recently
been erected in that neighborhood there
were a number of interested bidders
present. many of them homeseekers.
with the intention of erecting homes Mt
once, if the property could be Sc
cured at figures which were satisfactory
20 them. Among them were a number OF
ladies, who showed fully as much interest
I'm the sales as men, and advised their
numbers freely on the subject OF locations
and prices. number of the older real
estate men were present and watched the
opening of the sale with much interest.
The lots sold were, with one excep
ton, on the north side of Eighth street be-
tween Bun and Whitaker. four lots being
sold between Bun and Drayton, six be-
tween Drayton and Abercorn, eight be-
tween Abercorn and Lincoln streets, and
one on the south side of Eighth street, De-
tween Abercorn and Lincoln. The dimen-
sIons of the lots sold were 3Gx95 feet, with
the exception of the one on the south
side OF Eighth street, which has 'front.'
age OF 10 Ittt. IHio tOl biOh,llN TAfvvN' 49,
w. E. Besseleu being the purchaser. Mr..
Besseleu intends to begin the erection of
a residence on this lot very shortly 1t is
Immediately adjoining the three lots re-
Gently purchased by Mr.. f. G. Bel at
Abercorn and Eighth streets, upon which
he will shortly begin the erection of a res
idence.
The lots nearest Bull street were the first
sold, and brought the lowest prices, the
bidders seeming 10 consider them less de-
sirable than those further east. Mr..
Archer began the sale by Offering lot No.
s, in the middle of the block between Bull
and Drayton Mr.. Jacob Cohen started the
bidding at $780, and the price was rapidly
run up to $500. where il hung for while
and was finally knocked off TO Mr. d. j.
Morrison for $S25.
MIR. Archer announced that the terms
were 500 cash, and the balance in pay
ments of $50 a quarter, with interest at
per cent There were a number of bidders
for these lots, but there were none who
seemed willing to go very high, and the
result was that Mr.. Morrison got the
whole bunch at rather low figures, the
prices paid by him for the other three
lots being S725, 1878 and $500
Mr.. Archer and his audience then moved
east to the next block, where lots Is to p,
inclusive We're offered in succession, none
being corner lots. The bidding here was
fairly lively though at first Mr.. Archer
was compelled 10 announce that he would
consider no bid under $50. as an offer TO
take the entire batch at that price had
been made. Mr.. P. j. O'Connor secured
the first lot on this block at $3.50. Mr..
S. S. Furse got the next two, paying $3.50
for lot No. 16 and $685. for No. II.
Mr.. e. ]. Thomas, Jr,, who had been
making nibbles at the other lots, now be-
came cautious but persistent bidder
with the result that he secured the remain
ing three lots in the block. paying there
for $500, $685. and SS72. so. Mr. Bes-
se.eu, who resides at the corner of Eighth
and Abercorn, wanted the adjoining lot
on the west, but Mr.. Thomas was will
ing TO pay more for il.
The crowd then moved to the next block
east, between Abercorn and Lincoln
streets where eight lots were offered.
These lots were evidently regarded with
favor by the bidders, and MIR. Archer had
no trouble in starting off each lot at $500.
The lots sold ran from 25 10 80. Mr.. Rich
ard Anderson secured the first one offered,
next 10 the corner lot, for $3.50 Mr. An
derson also secured the next but one.
No. 49, for $685. Mrs +. Mcleod buying
the one in between at $3.50. MIR. John w.
Siday secured lots 81 and 90 at $3.50 each.
Mr.. p. ]. Morrison took the next az 1926,
ana MT. {. >, wood secured the last two
at $50 each. The corner lot was not put
up il being late and the crowd having
thinned out.
Five lots on the south side of Eighth
street, in the middle of the block, be-
tween Abercorn and Lincoln, had been
advertised for sale, but on account of the
lateness of the hour and the small num-
Der of people remaining, il was decided
not 10 put them up. There were two
couples however, who had been persistent
bidders from the start. but without sue.
cess. 1t developed that each desired lo
of As feet front and al their request Mr.
Archer offered q section of As feet from
adjoining the lots recently purchased by
Mr. Bell, the two couples bidding against
each other 1t was knocked down at 81 $40
Mr.. Archer stated, at the conclusion
of the sale. that had there been NOR,
lots of As feet frontage offered he was sat
isfied that the bidding would have beer
more lively. and that higher prices would
have been the result There were mum
Der of interested parties present. he said
who did MOI feel able TO buy two lots. ant
who did not consider a 80 frontage sufH
cient.