Newark evening star and Newark advertiser., 1912-12-31

same lots on Branford place, the
Weingarten holdings; Mr.. Berry said
he believed a fair valuation of the
William street property would be
81, 900 a foot frontage, just half the
valuation he placed on the same
situated property in Branford place.
Mr.. Hardin then took up sales of
property on Broad street in the dis
trict named, and brought from Mr..
Berry that there had been no sales be-
tween stangers in the district in
years, with the single exception of
the sale of the London. Liverpool and
Globe building, at the corner of Me-
chanic and Broad streets. to the Pro-
gressive Investment Company, over
two years ago.
All other properties involved in re-
cent sales, Mr.. Berry stated, had
been sold to neighboring owners who
desired to Increase the land holdings
for business purposes.
A few unimportant questions by
the other lawyers involved closed Mr..
Berry's testimony.
Robert A. Osborne Called.
As Mr.. Berry left the stand City
Attorney Boggs called Robert A.
Osborne, a real estate dealer, TO the
stand. Mr.. Osborne objected to TAX
ing the stand, as he had not been
subpoenaed as a witness. He con-
sented to do so when told he would
be asked about a single piece of
property.
This property was the plot at the
southeast corner of Broad and Clin-
ton streets. Mr.. Osborne testified he
had bought it in 1908 for $225.0Oo, and
after spending $4,000 for improve
ments had sold it to the Union Ma
tional Bank in the spring of 1912 for
$500, 900.
Lathrop Anderson testified as an
expert for Mr.. Mungle. After Mr.
Anderson had qualified as an expert
he plunged right into making his
estimates of the value of the twenty
eight parcels of land mentioned in the
complaints.
His figures on the Broad street
nroperties were in most instances a
trife higher than those furnished by
Mr.. Berry, but were far lower on
Branford place and other streets.
The figures given by Mr.. Anderson
as compared with those of Mr.. Berry
and the city assessors in the main
| nroperties is as follows: TIA Broad
street city assessment $4,000, Berry
s1o2 600, Anderson S92, 467; 772 Broad
street. German Savings Bank, city
S1s7. 500. Berry $4,000 Anderson
s247. .see: 767-766 Broad street, Howard
Savings institution, city Sa9i,sOV,
Berry. $500, 900, Anderson S50S,SoO; I62
Broad street, Howard Savings Insti-
tuition. city s13S,OO0, Berry $l45,oOO,
Anderson s173. .4O4; 740-752 Broad
street Mutual Benefit Life Insurance
Company. city s911, 800, Berry $780,
200. Anderson S1,0A. 800; ls6-isS Broad
street. estate of Theodore Maeknet,
citv s21s, 900, Berry $SIe,OOO, Anderson
s8e6 500; SO0-so4 Broad street, Globe
building. city 1896. 500. Berry s25o,Ooe.
Anderson s52l. $50; s10-S12 Broad
street. National State Bank build
ing city $2l6. 500, Berry sS6o,oOO, An
derson $685.. 1913.
properties in Clinton street MT
Anderson placed on a basis OF S-e,VVo
a foot frontage, about the same as
Mr.. Berrys figures. He also made
about the same estimates as Mr.
Berry on Academy and Bank street
property, but Topped $3.50 foot 'front.'
age off on Branford place holdings,
placing his figures at S1.95o against
Mr.. Berry's $1,000. Mr.. Berry's fig-
ures for the weingarten Bros Realty
Company plot was 100000. Mr.. An
derson makes it s2I2, 800. while the
city assessment is $156.50o.
The Improved Realty Company
(Star office) was placed on its lI5
feet frontage at Ss50,0OO by Mr.. Berry.
Mr.. Anderson figures the property
worth S21S, $50, while the city assess
ment is $4,000.
When Mr.. Anderson had finished
his appraisal figures an adjournment
was taken for lunch,