Putnam patriot., 1924-03-28
MANHASSET OFFERS
 SOAR TO S65S,OOO
Receivers Get Bids Totalling S1S3,00 For Taunton Prop
 erty
No Statement of Plans Given by Put
 nam Plant Buyers

Receivers for the Manhasset Mfg. Ce., A. C. Townsend and j. B. Strong man, were offered a total of Sis3.000 for the property of the mill at Tauu- ton. Mass. on Monday and Tuesday. This sum. added to the offer of St7a.- 900. made last week for the local man ufacturing property brings the total bid for the holdings of the Manhasset Company in this city and Taunton. of fered al public auction. up ta Seoe.= u00. The assessed value of the real estate, buildings. machinery, etc. so offered for sale, located tn the two cit les, amounted to Si.l99, ,04s.
 As foreeasted in last weeks Patriot. the S475.00 offer for the local assets of the company, as unit, made on be half of William <. Cherry of Pruvi= dence and other stockholders of the concern. exceeded the total of tho par eel by parcel bids. And at the close of the sale the receivers stated that they would recommend to the Superior court. the acceptance of the offer Al fhe Taunton sale. the parcel by parcel bids figured up to a greater total than She Si 30 .600 offer for the plant as unit In this case tBe receivers sad they would recommend Co court the ac- eeptanee of the parcel by parcel bids.
 Receivers Act Soon
 Ii could not be determined today when the receivers would go be- fore the Superior court and make re- port of the auction and file their rec ommeniations. But that they would act in tt,c course of few days IS un- dcrStoud to be their intention.
 An effort was made. both by person al interviews and long distance tele= pheninr. tn secure statement as to their plans from those stockholders whom it is expected court will confirm as thc purchasers of the local mih nronertV. No one had word to say, for publication, but assurances were given that very definite plans were hid. that operations would not be long in starting. and would be carried on m such a manner as to make the Manhas- set Company "a bigger asset to Put nam than 1t has ever been before.
 Not Interested In Taunton Mill
 That the stockholders of the com panv who bid in for the local proper ty were not interested in buying any parf of the Taunton plant. was lndi- eated by their not participating III any way in the auction. None of them were present at the auction, so far as ls kroWn. and they are said not to have had pnv of their representatives there .teta ely taking paat n the sale.
 Indicating how anxious people are, who are out of work or have jobs m and tut of the city uet to their hking' k the large number of applications for positions that have been received at the Manhasset offices in the past week Naturally, their applications could not be received CT any promises given. In this respect nothing wiii be done until the prospective owners ln- struet their subordinates to organize a working force.
 Auction Taunton Property
 The public auction of the Taunton property of the Manhasset Mig. %. was held on Monday and Tuesday. in this case she sale ended just the oppo- site to the one in Putnam last week In Taunton the bids. parcel ny parcel exceeded the bid for the plant as . whole. The receivers will recommend to court that the parcel by parcel sale be confirmed. am
 IF. Evans of Fall River bid SSs,- 900 for the three-story mill building land and water rights. The property is assessed for S2aS 600. Though the houses. machinery and equipment brought far larger prices than were offered for similar parcels at the Put nam sale. the prices bid al Taunton fell far short of the replacement Value of the equipment sold to the high dol lar. Purchasers, generally speaking bought for song.
 ]. II. McArden of Charlotte, N. c., was the high bidder for the property as a whole, offering Sl3O, ,0OO. Proper, ty he bid this price for was assessed by the city of Taunton for s629 .24s.
 Mr. Evans and Joseph Phelan, also of Fall River, were the chief bidders for the machinery and general con tents of the mill building. MT. fyans being the heavier buyer.