Omaha daily bee., 1906-10-28
TIMELY REAL ESTATE TALK
3alusS Of Land IN West sAn Locked on a.
Being Lew.
EXPLRT OPINION on THE sITUKnoN
Men who ought 90 Know Say nat
Demand ne well ~ Income justify
Even HIGHER Prices Than
Are Asked.

A recent number OF Bonds and AfortFages
obtained letters on the permanency Of
ti4e present imitation IN land values from
conservative bankers ana loan brokers In
many Of the western and middle western
states. The tenor Of these letters is shown
in the following editorial on them:
II will be noted that they are practically
unanimous In saying that the advance in
real estate has not reached a point OF
danger, and the argument is similar in
all sections Of the west, being based upon
the new methods OF agriculture which in.
sure permanent crops and the constantly
increasing tide of immigration from the
These three elements are so generally
recognized in every part OF tire west that
we must believe that they are influential
IN fixing and maintaining present prices.
Western land Is worth as much as Its In
come justihes Eastern land IL frequently
worth more than It's income justiies, be-
cause OF It's location and its advantages for
the home life. The west Is rapidly ap-
proaching the same condition as the east
In this respect and farms are being held
at figures FAR In advance OF the natural
return from the fields because OF the OPP
Joy the good things Of this world and to
share in the community's happiness.
=. Win the more complete settlement Of
come more common and we shall learn Of
land prices that seem extravagant, but
opinion ooncerning the the sSsIrsbiity Of the
This. Of course. is but one phase Of the
only partly responsible for the present ad-
vance. The other reasons are much more
regular In their operations, and, as our cor
respondents point out, are not likely to
be lessened as the years go on The indi-
cations are that land values are by no
rant and that the investor in MORTGAGES
on western farms need borrow no trouble
on this account
OF much interest to western Nebraska
iland holders is the letter of B. B. Clark
Vof Fort Collins. Colo, who says;
, My opinion IS that the prices now OBJ
tanning for western lands, and / mean the
west half Of Kansas and Nebraska, the
Da- otas and all of Colorado, are reasonably
safe, and will never suffer a decline like
the time you refer to. have the opinion
irrigation systems must gradually increase
IN price for few years yet Lands in
what is known as the dry belt have risen
TO the improved condition OF the seasons.
Should we have a short cycle of dry years,
\ this section must undoubtedly suffer a de-
the irrigated section should at least hold
\ its own, as there IL remote possibility
so dry that a fairly good crop weuld net
be raised. In northern Colorado we DO
not rely upon the summer PRECIPITATION,
but rather the winter and spring. We
might have very wet winter or spring
and very dry summer. We rely upon
storage very largely. In the Arkansas val
ley the reliance is more on the run Of
the river, but iE that case the water
comes very largely from the Arkansas
river with long head back in the Rocky
mountains, where. II might rain almost
daily for days, but out in the valley
where the crops are growing the country
would be parched. thinking person
should not attempt to conjure up in Their
'AsNinds case parallel to the one referred
to In the sos. People are getting richer
now in western Kansas where thew starved
during the times referred to. They have