The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-04
OCTOBER SALES WERE SLOW.
Al CTIONEERs HAD An UNUsUALLY
DULL DAY.

/ BULL DAY.
] Real ana Personal Property Went
| at Comparatively Low Figures.
! Considerable Property withdrawn
| On Account of Failure 10 secure
1 Satisfactory Bids-Nost OF the
! Property Sold by Auctfoneer Dor
| set.
/ Although a number of valuable pieces Of
property were offered At the october sales
! yes. crday and that sloeks aud o,her La
/ biGiies Of successful corporations were on
/ the market. the bidding was unusually
slow. and the auctloneers were compelled
TO withdraw many Of their offerings.
The first sale was made by Deputy Sher-
III Thomas sweeny. Of the Superior Court
| Deputy sweeny sold five acres of the
! Happy Discovery" tract. that had been
| levied on under foreclosure proceedings,
to George II. Miller for $50. The prop
erty sold Is situated on the line of the
Central Railway, a mile or two from the
! city.
Most Of the property disposed Of was
sold by AucUoneer c. H. Dorset. Mr..
! Dorset disposed OF 143 shares Of the stock
of the Wilcox & Gibbs Guano Company
to the National Bank Of Savannah for $3.50
per share. The unpaid stock subscriptions
and open accounts of the Savannah Co
operative Association were sold to Mr.. H.
NJ. Farr for So. The stock subscriptions
amounted to $.171.25 and the open &C,
! ~ tn Ig~t g h.
was exhibited by the auctsoneer to pros
pective bidders, but it did not seem great
! ly to encourage them to increase their
offers, for what Mr.. Dorset denominated
| the Infinite possibilities" that he placed
al Their disposal, almost for a song. The
amount at which they were actually sold
might apply have b5en compared TO a cheap
ballad of the day and hour.
| Mr.. Dorset sod also, for the account
! Of the estate of the late L. Y. Gibbs
! four and sIX-tcnths acres of land in what
J is known as Wellvife, at sA per
| acre. The land was sold to MIR
| George Il Miller, by whom some of the
adjoining property is owned. Mr. Dor
sett announced at the sale that he him
! elf owned property in the close vicinity
| of the lot sold, that could not be bought
for four times the amount offered and ac-
| cepted for the land of the estate Of
| Gibbs.
Mr.. I. D. LaRoche attempted num-
Der OF sales but was compelled to
withdraw most of his offerings because
he did not consider the prices he was bid
/ anything like reasonable. Mr.. La
| Roche put up for sale four lots on the
| northeast corner of Whitaker ana Second
streets. each having a front of thirty feet
| for which he was offered $625 each. There
was one bid only and the property was
| Withdrawn.
Second income bonds CT the Central of
Georgia Railway, to the amount of $4,000,
| We're sold to Mr. Edward Demere, at the
| rate Of $3.50 per hundred, who bought also
| twenty-six shares of the Savannah Brew
ing Company's stock at sos 80 Two
shares Of the stock of the Chatham Bank
| were sold for Sl09.50 each. Mr.. LaRoche
offered for sale thirty shares of the stock
Of the Merchants National Bank and
twenty shares of the stock of the Peo-
pies Saving and Loan Company, but they
were all Withdrawn because the bids did
not come with sufficient rapidly to suit
| the auctioneer. Mr.. LaRoche sold for
Mr.. Dorset a share OF the stock of the
Chatham Real Estate and Improvement
| Company, series A. for S56.25. This sale
was made to Edward Demere.
Three lots of land in Colinsville, situated
on the corner of Duffy and OFT streets
were offered BY Mr.. Dorset The lots
3 / tpGNtAlci 4ltSd9ht IA 81 ny 40 lGtls ana
were offered in a bunch. Mr.. T. E. You
MANS bid $l,C0O for them al. but the bid
; was rejected and the property withdrawn
Mr.. Dorsett offered also twenty lots or
Eleventh street. between Burroughs and
Florence, each with a frontage of thirty
feet. He offered the first Two lots, with TIE
privilege OF purchasing ali. MIR. H. Foley
bid SlS5 apiece and took the block
Mr. LaRoche offered the piece of proper
~. numbered col Eighth street, west, i'm
proved viii a dwelling containing five
rooms and bath. Mr.. LaRoche lid this il
for a prospective purchaser. at 81 $50, bu
= the prospective purchaser subsequently,
. refused to confirm the sale and it was de
clared off.
The Francis Grimhall tract at Isle Of
b Hope, or rather three lots of the tract
! went TO Mr. d. G. Farmer for $3.50. The
, property was sold for George C. Freeman
substituted trustee, by Auctioneer You.
mans. The lots are said TO be made up Of
the most desirable pieces # suburban roo
erty around Savannah, and have on then
an attractive country resi- ente, that Mr.
2 Farmer did wen 10 buy. The sale OF thi:
property ended the Transactions for tn,
: day.
/ Some other properly had been advortis
ed and was TO have been offered Tor sale
but the conditions were so unfavorabL
and The general lone Of the market 81 'acz
ing in strength and vita fty, that il wa.
Withdrawn. The auctioneers generally SAY
that the day was the poorest for he SAX
OF realty and personality that they hav,
3 known for many months, and are al los.
to account for the failure 10 secure goo
or even fair prices. There. were few bid
ders at the sale and the whole proceeding
lacked the air of snap. vieor and eager de
termination 10 buy and Try TO realize. tina.
has been present of late years at every sal,
, of real property in Savannah.