The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-03-18
THE ROOKIE
PROPERTIES
High Upset Figures Caused
Sale of Queen kmma Hall
to be withdrawn.

Upset prices placed on the Rookie
properties. which were advertised for
sale at noon on Saturday by Auction
eer Morgan, were in all cases but one,
too high. Although the bidders pres
ent In the auction room represented
many millions of capital. yet none OF
them would touch the Queen Emma
Hall property, corner of Beretania and
Nuuanu streets, listed at upset
price of $4,000.
The biggest downtown piece or
property, designated as Lot A, extend
ing from Fort to Union street, and
containing 28,621 square feet, was list
ed at $50, 900, but did not attract the
prospective bidders, and the upset
price was reduced to $4,000, and sold
at $50, 800 to c. VOTERS.
Lot b, a jog of land containing 1924
square feet, located next to King
Brothers store, and facing on both
at $4,000, and sold at so, 400 to Harry
Armitage.
When the noon hour approached
there were present in the auction room
Bruce Cartwright. Henry Waterhouse,
A. W. Carter, C. Hedemann, A. S.
Humphreys, w. F. Allen. Harry Arm
itage, Robert Shingle, f. a. Mott
Smith, Harold Mott-Smith, Prince Da-
vid Kawananakoa, Cecil Brown, c. s.
Desky, ]. F. Colburn, Willard Brown.
c. Weldon, George r. Carter, Larry
Mendonca, T. r. Walker, S: NJ: Damon.
J. H. Fisher. ]. Dowsett, F. w. Mac
farlane, P. M. Pond, s. F. Damon, W
Dee, F. A. Schaefer. Q. H. Berrey.
After several sales Of leases the auc-
tioneer offered the uptown Rookie
property, and the competition became
earnest from the start. Lot B was first
offered at $4,000. and in short time
| had been sent upward at a rapid pace
by Judge Humphreys and Harry Arm
itage. The Circuit Judge held on until
Armitage bid s22. 400. and he dropped
out. 1t is understood that Armitage
bought for the owner Of the property
on Hotel street next to that just
bought in.
Lot A was offered at $4,000. and no
one seemed anxious to get 1t at that
figure Fifty thousand dollars were
offered by Henry Waterhouse as a
starter. but the auctioneer would not
come down as low as that. The auc-
tioneer stated that bid of $4,000 was
already in. and that he had refused It
The auctioneer finally reduced the price
Sc, 900, but no bidders were heard AT
$4,000 the crowd began to take In
terest. c. VOTERS put in bid OF
SIT, O0O and Desky went him 81 900 bet
ter. They alternated until Wolters Of
fered $S0:500. and Desky dropped out
and the lot was declared sold 10 VOL
terS
This was the most valuable property
in Ine auction. but the consensus OF
opinion was that the figures were toe
high altogether.
Queen Emma Hall premises, held al
SOS, 900, had not a single offer. and as
no instructions had been received to re-
duce the upset price. the sale was
withdrawn.
The sale of leases on other Rookie
property were as follows:
Brenig Block-Frontage on Queer
and Nuua'nu streets. Rental to begin
from June l. 1900 at upset monthly
rental of s125 per month. Sold to Har-
ry Evans for the sum OF SITS.
Lot Frontage of over tWenty-sever
feet on Queen street. Upset rental Of
$35 per month. Sold to Chong Wal al
s35.
Lot 3-Frontage on Nuuanu street
Upset rental of $25. Privilege of Lo1
4. Both lots sold to Yong All Min at S4(
rental per month, apiece
Lot Z, with privilege of lots and s.
Upset rental of S25 per month. Solo
to F. NJ. Swanzy for SIP so per month
Lots 6 and 5-Upset rental of $25 pei
month. Sold to S. w. Lederer FOL
$57. so apiece.
Lot S-Upset rental of $25 per month
Sold to Honolulu Iron Works &C. Hede'
mann) for SIT So