Bridgeton pioneer., 1907-02-28
REAL ESTATE SELLS
AT GOOD PRICES.

Saturday s sale Of real estate belong-
;ng to Harry D. Shaw, bankrupt,
came very nearly being record
breaker for price and indicated the
decidedly healthy upward tendency OF
real estate in this city.
The sale was made by Florence L.
Frallnger, trustee in bankrutcy. and
was directed by Joseph H. Powell, his
attorney.
Il. l.. Tyler, the real estate auc-
tioneer, conducted the sale. and he
faced a big crowd of people at half
mast two O'Clock when he announced
tine conditions of the sale and read the
description of the property.
There had been for some time con-
siderable speculation as to what the
,ivery stable property would bring
under the hammer. Trustee Fralinger
had been offered Sc, 600 for the place
at price sale, and had been advised
bv many to sell it at that figure. 1t is
nnderstood that Mr.. Shaw had paid
in sbe neighborhood of S.. 500 or it.
On Saturday good judges of real es-
tate fixed the price of the property at
about Sc, 500. The most optimistic
felt that it would bring very nearly
if not quite $1,000.
When the livery stable property was
offered for sale, it was announced that
the encumbrances against it was
81 373. So. The bids were subject 10
that encumbrance.
The bidding started timidly and low.
The first bid was $1,000. The sale
ran along glibly until after the So, 600
mark was reached. Then the bids
fell to $50 each and later to 1925 each,
and $2S20 was reached. 1t seemed
for time as if this figure would pur-
chase the plant but the bids we're
cut to s. each, and another hundred
dollars was added making $4,000.
There was another lull in the bidding,
and again competition started.
At this time the two remaining bid
ders were Eli Hitchner of this city.
and Charles Fox, of Stoe Greek. Each
$5 bid at this point was carefully
made but the price continued to raise.
Mr.. Hitchner's bid was $4,000 and
Fox made $40 bid, reaching the
SO, 0C0 mark. There was bit of hesi-
tation upon the part of Mr.. Hitohner.
and he raised the bid $5. Mr.. Fox
declined to be competitor longer,
and the property was knocked down
for $3. .O05. This added to the encum-
branoe made the purchase price ST..
1878. 3S and Mr.. Hitchner was the pur-
chaser.
The property included the stable
property 60 feet front on Pearl street,
with the stable buildings, the office,
and the frame dwelling.
It is understood that Mr. Hitchner
will take possession of the property
and conduct his stable there.
Ghe place has long been stable
property. and was instituted as such
by the late Jacob Tuck. 1t is con-
sidered one of the most advantageous
locations in Bridgeton.
The double house on Walnut street,
Nos i92 and 1874 was sold in two
parts. The south half was sold sub
ject to an enoumbranoe of $1022, 0S. 3,
and the purchase bid was $2240, max
ing the price 81, 2e2. oS. The north half
was sold subject to an encum brance of
$l,0158. and the high bid was an even
$500, making the purchase price ST.
1928. Leroy Loder was the pur-
chaser of the double house, the entire
price being 50. SIT. SO
A half interest in some real estate
in Maurice River township was sold
to Joseph H. Powell for $50, there
being Isame tax liens against it that
detracted from its value as a market
able proposition.
This sale completes the disposal of
the property of Shaw, and Trustee
Fralinger has made most remarkably y
successful record in the handling of
the trust put upon by the Court ia the
bankruptcy proceedings. Mr.. Powell,
the lawyer has acted all through the
case with keen Judgment, and as a re-
suit the creditors will very greatly
benefit.