Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1905-07-13
!7OO,OOo.oo
Paid for Small Corner Plot Of Land
in New York.
Purchase price Sc. 100000
Per square foot =. \. 59S
Per square inch

New York, June THE sale Oh the
Mercantile Trust Company Of St. Lol,is,
just reported, of the famous plot OF real
estate at No. 1, Wall street. at the cor
nerof Broadway, has given rise to in
teresting complications, showing the
great rise in property values in this city.
AT the figure named in the transac-
ton, 100000, the plot brought about
81 a square inch, possibly the highest
price ever paid in the worlds history.
The property measures only 30 feet on
the Broadway side and has frontage on
Wall street of 80 feet 10 inches. 1t con-
tains l,l7O square feet.
The next highest figure on record in
connection with real estate transactions
in this city was that paid iii 1872 by An
thony j. Drexel for the site Of the Nor
gan banking house at Broad and Wall
streets. This company bought $685.
a square foot.
The attorney who conducted the trust
company's negotiations said:
Il have not the slightest doubt that |
have secured for our clients the most
valuable piece of real estate III the
whole world, there is only one Broad
way and one Wall street and No. Wall
street on earth. 1t is likely the presel t
lease will be allowed to run to close.
Then, Of course, the property will lie
improved in manner in keeping with
its value and location
For many years drug store occupied
the store room OH thecorner which faces
Old Trinity,
Recently cigar company obtained
this room ard now holds lease for
three years.
The building is all old fashioned four
story brick, almost lost to view among
towering sky scrapers. 1t was erected,
more than seventv.five years ago.
IT was bought by one of the silliman
family in 1927 at cost of slS,375. 1t
has remained in the family's possession
since then. The oldest existing deed
In connection with the plot dates from
the beginning Of the eighteenth cen
fury, when it was sold for $500 by a
Dutch settler to an enterprising Irish.
man.
Benjamin Siliiman, who died in 1901,
leaving the property to a sister, re.
ceived many fabulous offers for the
ground, but for some unknown reason
would never sell.
One instance is related of joker
having offered him gold coin enough
to cover the entire ground, to which he
agreed provided they we're set up on
edge.
SOUTH DAKOTA GRAIN PRODUCTS
Two thirds OF the people of South
Dakota are engaged i'll agriculture. In
the products of the field, the garden
and the pasture this state is destined
to take pre-, eminent rank. South Da-
kota's wheat is known everywhere and
the output here influences prices in
Chicago, New York, and Liverpool.
South Dakota -four is celebrated on
both sides of the Atlantic and is used
in the households of Boston and New
Orleans as we'll as those Of London,
Berlin and Paris.
Grain-raising will, of course, never be
abandoned in South Dakota because the
conditions here favor the production
Of
The finest wheat in the world:
The heaviest oats in the world;
The highest barley in the world.
The richest and oiliest flax in the
world.
Wheat is one of South Dakota's prin-
cipal agricultural products owing to
the extremely favorable conditions
which here prevail for raising the best
quality at the lowest possible cost per
bushel. The superb quality Of Dakota
wheat Is well established and very gem
orally known. Dakota hard wheat q
grade by itself usually commands a
highet price per bushel than any other
Wheat grown, and yet 1t is raised at a
less cost here than in any other section
OF the country
Experiments demonstrate two impor-
tant truths:
First that barrel Of South Dakota
wheat -four will make more bread
than the same quantity from wheat
raised IN any other state or territory in
the union.
Second, that bread made from South
& Dakota -four contains more gluten and
other OF the materials which nourish
and build up the body than bread made
from flour ut any other kind. Other
experiments prove that south Dakota
-four made from No. hard wheat,
cnred naturally contains 5 Per cent.
less III istnre than -four made from
wheat dried IN kiln, and will make
practically more bread. Al compared
with common grades of eastern Hour
The nefence III bread prod ucina QnalisI
tiss mounts to no less than fifteen
p0und asllf bread iii every hundred
a -. ~. ~ II III,