The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-17
REAL ESTATE is ACTIVE.
Rice Land Is in Demand and the NeWcOnl-
ers Are Numerous.
Very Little Speculation Is Being INDUCED ln-Con-
ditions with Reference to City Property
Are Very Satisfactory Also.

A year or 40 ago much Of this land could .
BE- bought for So per ane very con I
siderable amount or harris comfy rice
land has been sold the past few weeks anl 4
practically ull Of u has brought In the I
urighhurho0d Of SID Lands tu an pAtts B
Of The rlre belt Of Texas are lated win /
The agents located here, So thHt tucrc is no
doubt that the prospective buyer VIII bg
able tU suit himself nE 10 the character on
his land. its location ana. last bul NOT leust;
IFS price. Tie good results Hrtnh9 1tialheu /
hY the big companies operating between
here and Beaumont and us those 10 me
south and west of here has had the effect
Of attracting especial attention 90 those Sec
ttCns. as the hnp crops grown 10 Harris
county have had the effect OF inducing mon
Who want 70 buy rice ianls no come hri,;
There Is nothing so poweriul IN tue way OF
cimchiug ID biz rice land deaf ass pructi'
cal demonstration oi what may De d'he
with the cereals and most of those VIII,
agents, Ike trips 90 the rice fatms 1r'nif
lu operation iu the surrounding country.
plcusCd with what they have seen. Ia nlic
cHspa ont of tru they buy land and, while
the enthusiasm BIS sfill fresh, begin to make
the preliminary arrangements for getting
their wells bored ana in shape 'or neAt
season
The prices now being paid for rice lands
arc probably 80 3 per cent higher tran
they were at tha beginning ot me f'lr
% between that time and This there was
ih" period of Inflated Ngluns rosuitiu- 90
the discovery OF oil at Beaumont y -
er- OF prairie lind which was ununrstoh-
ably 0t the proper character for rico Grow
Ing being of the opinion thai oil might ne
found thereon as well as at 'in' lm12t
Tho result was that prices So 'rn uhuor udl"
inflated Tor u timc. during which there
were fewer sales Of rice lands rhHn there
would have been under other crcum- stances.
Gradually. however the fever wore on.
Wells were sunk on many NJ thr prnlrics
and no OH was found. owners hogan 20
regain their comrosure ana 10 realize -lat.
even though their land was not entirely
successful SO far as producing oil was con
cerurd. il could be made almost as valuable
through the culture of rice. as II n were 70
second spindle Top So n was TINT prices
were quoted nearer legitimate level and
Then cninc tht IlNorahl' reports from thos"
sections OF the state whore rice Is grown
most extensively. TN" number Of sales
continued 90 Increase aud prices were held
steady until now, as has been stated, the
I market is in better condition than ever
before. The general public Us beginning to
realize that rice rs money crop, II II Is
properly handled. md those who are In
olued toward agricultural pursuits are act
ing accordingly Rice viii not supplant
cotton. Of course hut II VIII eventually
take itg place alongside that great crop as
/ on" or the really representative industries
( Of the State.
/ Conditions with reference 10 city property
are equally us satisfactory. An unusual
amount Of trading BIS being done Just nov
/ and prices are good New additions 70 the
/ city are being opened and lots. are being
sold with "a rapldity that would be aston
/ ishing were 0nr not thoroughly acquainted
l with the fact that Houston is growing very
concerned the activity may be said to
nfcct both business and resident property
with. perhaps. few points In favor
of tho latter Anyone who has tried hous.
hunting In Houston knows that tho city
/ rs grr0tlN In need of good residences auc
that the cumpartiyclv small number tha
are now being rented are bringing goUf
prices. Realizing the Importance Of tht
couatilon 81 affairs, ms well As the eNtreW