Arizona republican., 1910-05-16
Return of Officials With the
 Big Money Box TWENTY THOUSAND DOLLARS
Approximate Amount of Cash Representing Initial Payment On a Thousand Lots. Incomparable En
 thusiasm Over Prospects

F. c. Dezendorf, chief of the sixth field division of the land office, who has had charge of the sale of lots on the Parker town site, Charles E. Arn- old, receiver of the land office, who took in the money. seven deputy United States marshals who stood guard over it, E. w. Getsinger, who cried the auc- tion. and various of the investing fra ternity, returned to Phoenix yesterday afternoon on the train from Parker. The sale was finished for the time be- ing on Saturday afternoon and an- nouncement was made that all who had made the payment of s25 required on each lot purchased, in the event it was a partial and not complete pay ment for the property bid in, would be required to settle in. full for the prop erty by November l or the initial pay ments will be lost and the property will revert to the government. to be offered again at the postponed sale, which will occur on November Is, to-
 
 gether with the rest of the townsite. That sale is now advertised to take place in Phoenix, but Receiver Arnold says the Parker people are planning to try and have it changed to be held in Parker. urging a number of weighty reasons for it.
 MT. Arnold says the sale was mag nificent success in every way. He says great credit is due MT Dezendorf for his business-like conduct of it and ths thorough manner in which everything was attended to. MT. Getsinger, he says, is also entitled to high compli- ment for the way in which he handled his part of the business. disposing of the property with dispatch when the business was good, giving all fair chance but wasting no time. Some times things moved little slowly for a while and there was an air of hesi- tancy in the beginning until everybody, both buyers and sellers. caught their gait" as it were. Friday was really the big day of the sale, and on that day the auctioneer made a record, for Arizona at least, as the property was sold in larger punches to individual buyers who had looked the ground over thoroughly and were prepared to say just what they would do the minute a holding was offered. On Friday MT. Getsinger sold an average of two and one-half lots per minute for period of two and one-half hours.
 Though the records have not been completely figured up, MT Arnold said that approximately 1000 lots were sold and the selling price was approximate ly s1OO,O00. Of this amount approxim- ately $20,000 in cash was turned over to him as either full or initial pay ments. The price of lots varied from S1O to some hundreds of dollars, the choicer locations commanding a high CT figure than had been expected, but which estimates seem to be well war ranted by conditions. The terms of the sale required that if a lot was bid in for s25 or less it must be paid for in cash. If the sale price was more than that a payment of $25 was demanded, the rest payable by November l. The townsite as plated contains in the neighborhood of 2,500 lots. By deduct ing those on which preferential rights were filed and the thousand sold last week, it may be roughly estimated that about one-half of the townsite is sold Ell
 Between now and November it is likely that some buyers will default in their payments. though judging by the temper of those attending the sale. every investor seemed in the greatest earnest and enthusiastic over his pur chase It is also likely that many of the properties now bought will be still considered desirable and probably con tinuously advance in value notwith- standing the prospect of another sale next November. There is every evil dence of a confidence in the future of Parker that will grow with the weeks so that lots may bring even higher prices at the next sale
 The sale was conducted in the Com merciaI Bank of Parker one of two banks that are now apparently doing