Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1909-03-12
REAL ESTATE ACTIVITY
F II Lands Continue to Sell
Se-x
at Increasing Prices.
Demand Strong.

Real estate activity continues and
farm sales are being made with regu-
larity at constantly increasing prices.
Predictions are made that choice farm
lands will be selling within a few
weeks at SIS per acre and land close
to town will bring $100 per acre. In
fact George McCroskey was offered and
refused to take $10O per acre for his
farm almost adjoining town this week.
With September wheat selling in Chi
cago at about 81 per bushel and bright
prospects for a big yield of wheat in
the Palouse country. the price of land
can yet stand an advance of many
dollars per acre and still be within
range of good interest in wheat grow
ing. ]. j. Hill, the great railroad
builder and financier predicts that in
10 years the United States will be i'm
porting wheat and that in five years it
will cease to export. This will mean
continued high prices for grain and
consequent raise in land values.
Several transfers have been made
since the last issue. notable among
them being the sale of the "Billy"
Reed farm, near Whelan station, for
$62.50 per acre. VIM. M. Porter &
Co. made the sale to P. r. Morris
who recently sold his farm of 80 acres
for S65 per acre. This farm has fair
ly good barn, costing $500, but is 9TH
erwise unimproved except fence and
small orchard, the house being of no
value. Had this farm a house of av-
erage value of the farm houses of this
country it would have brought at least
S75 per acre. Mr.. Morris will build
house on the land and make his home
there. The land was sold by G. W.
Reed, three years ago to S. V. Hunt,
for $50, which was considered a record
price at that time, but land has con-
tinued to advance in value steadily
since then and it is believed the ad-
vance in the future will be more rapid
than in past years.
Other deals have been made in that
immediate vicinity. Bert Pickle trad
ed 80 acres of land to Charles Star
walt for the r. j. Branham 1876
acres. and paid the difference at the
rate of $50 per acre for the land,
which is unimproved. Mr.. Starwalt
now owns half a section of fine land
on the east side of the road and Press
Morris and Bert Pickle own half
section on the west side. which in
cludes the Reed homestead and the
Branham farm, less the land laid out
for town site.
No one locality has a monopoly on
land sales, but there is general activ-
ity in all sections. Good farming
land is in demand at increasing prices
without regard to location. The Jack
McTierney farm, Ia miles west of
Pullman. sold to Elmer Hickman Tues
day for $55 per acre. Mr.. McTierney
had 400 acres of land which is very
rough and hilly. has no house, the
latter having burned on election day
last November, and is only fairly we'll
improved. Last summer he offered
the land with fine crop of wheat
growing on summer fallow for $50 per
acre, but could not sell it. After gett-
ing crop worth 500 per acre and hav-
ing the house burned, he has sold the
bare land for $5 per acre more than he
Offered it fer last summer. with no
takers.
This land adjoins the Burrell ranch
sold to ]. E. Stookey by the Pullman
Land Company eight months ago for
SAL per acre. Mr.. Stookey got $500
out of the crop and has refused $4,000
more than he paid for the ranch eight
months ago. The Stookey ranch
contains 357 acres and Mr.. Stookey
could today take profit of $2800 for
his investment. but he knows the land
will soon sell for $50 or more per acre
and will not sell at present prices.
Max Chambers has bought the
Manly Standard ranch of 100 acres,
two miles west TO Albion, for $50 per
acre. The land is unimproved. Mr..
Chambers will improve it and make
his home there.