The Seward gateway., 1916-09-11
BOlNDLESS FAITH SHOWN IN SALE OF SEWARD LOTS
S3l1 AVERAGE PRICE PAID TOR TiE
 FEDERAL TRACT LOTS THIS MORNING

About three hundred people attend ed the sale ot the Fedora, addition lots this morning and when Superiutend- ent of Sale Andrew Christensen open ed, the bidding became brisk immedi- ately. The first lot put up was lot ?, block 8, on Broadway It Is a corner lot and was started at 500. Mr. Christensen stated that no lot would be sold at less than che appraised value. Bat the appraised value ot S25O was soon bid and bids then came thick and fast until it was knocked down at S475 or nearly twice the value placed on it by the government de- partmeut. All the lots are 100 by DO feet. The second lot was To, in block S and was sold for S6O5. The third Co be sold was lot 1 in block 8 and went for S4OO. These were all choice lots. the one selling for S605 is oppos- ite the Federal reserve where govern meut buildings are expected to be erected.
 The morning was beautiful when  the sale opened. Mr. Christensen made little speech and explained the rules governing the sale. He also showed real auctioueering skill and succeeded instantly in putting the crowd in good humor, which meant money for Uncle Sam. Indeed, some people think he is losing his proper vocation. Lots of auctjoneers make ! money. He declared that there may be lots enough in Seward now to satis- . fy the demand but that the govern ! ment had come to the conclusion tha, it is for the best interests of the peo- pie to sell more in the Federal tract . One hundred and twenty-three lots will be sold in the Federal addition. and niuety-three in the Cliff addition, he said. The first payment, fifty perl cent of the total, must be made before D. m. of the following day on which the purchase is made. Mr. Christen- sen also declared that he will sell cheap lots in the Cliff addition to give a chance to the people who must move from the beach to secure sites for homes.
 Sixty-six lots were sold before noon or in about an hour and a half selling. :. The total amount paid for lots in that hour and a half was $2O,525. This means an average of almost exactly S311 per lot or a far greater price than the lots of Anchorage although the lots sold today are nearly half a mile away from the present city wat erfront. Everyone in the city was genuinely surprised and the officials, Mir. Christensen included, seem to be more than satisfied. The sale con tinued at p. m. and another sale will . take place at 6:9o this evening
 The following is the list of lots sold before noon with the purchasers and prices: !
 Lot 1, block ?, James Peterson $500.
 Lot ?, blk. 9, Albert Baumberger-. saSO.
 Lot 8, blk ?, Solomon staJinssy-| s525.
 Lot 4, blk 2, Hermann Ericson- $89O.
 Lot I, blk 8, Andrew John Carlson S4OO.
 Lot 9, blk. 8, Frank A. Lagerquist-I s475.
 Lot 9, blk. 4, Fred werel-$3OO.
 Lot 4, blk. 4, Chas. Tecklenburg- s25O.
 Lot 4, blk. 2, Wayne BIue-SSOO.
 Lot 3, blk. 2, Seymour Colwell- $275.
 Lot 6, blk. 2, s. L. Colwell-S55.
 Lot 2, blk ', c. A. DensOu-$2S5. !
 Lot s, blk. 2, Antone Iverson-S23O !
 Lot 9, blk ., K. Yago-S225.
 Lot 10, blk 2, Vim. c. Weaver-S2OO
 Lot II, blk 2, Joseph StreS-S2&5.
 Lot l2, blk. 2, Leon Urbach-S315.
 Lot 1, blk. s, c. w. Winstedt-S605.