October 31, 1902
Town Lot Sale
At 8:30 yesterday morning the sale of vacant lots was begun in front of the Choctaw National Bank. The commissioners, Messrs. Sterrett and Hunter, took alternate turns selling. There were 128 lots sold, none of which came in under the appraised value and many of them doubled and tripled what the commission thought they were worth. One lot in front of the Opera House appraised at $120 sold for $500. Several others brought correspondingly high prices. All the lots were sold- most of them to residents here, but a number were bought by others from distant places. The 128 lots brought a total of $15,269 which is twice as much as they were appraised. The commission says that the Caddo sale was the easiest and brought better prices than any town they have yet sold in the Choctaw Nation. A number of them failed to depose of all their lots. Others brought very low prices and few went over the appraisement. The payment is ¼ in ten days and the remainder in three years. Caddo has every reason to feel proud of the high prices paid for lots. It goes to show that town real estate is very valuable and that people are desirous of locating here. The sale was completed in four hours.