Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-08-28
WESTERN LANDl SILL BOON
Experts Declare Tightening Of Bank
ers Isn't Serious.
PRODUCTIVE Lid Co.'s FAST
w. W. AT Declares There wiII Never
ne . Fall In Land VaIacs--An-
other Expert says Buyers
Are Numerous.

Western lands are stu moving, ia spite
OF the shutdown on alleged extreme spec
u!ation in dirt by The banks. In western
Nebraska especially the movement has been
steady and the prospects are good.
w. w. Alt, who has receLty s1ld his
ranch In the Hyannis country says tAat
settlers are coming into ina, &C ioA quite
steadily. There n no big movement, -
said Mr.. Ait. but after good many years
spent there, and witnessing its ups and
down, feel safe in saying tat there vii,
never be backward movement In land
prices Old hands at the game have learned
how to handle the lands TO the best ad-
vantage for crops and stock, and the new
corners are taking a leaf ftom the book Of
experience OF tne ClCer settlers. The price
OF land Is not varying TO any great extent,
but the trend is upt aid"
Ne Trouble ca Get Buyers.
Don Adams of tie shsuon gency, which
handles Union Pacific lanos. has just re-
turned from a western trip with land buy.
ers, and reports a rtasoi ably good de-
insnd. "of course, II Is not what 1t was
before the banks, perhaps fnspi ed by east
ern thought on the subject. began to
tighten up on money that VAS to be in
vested In land ct we find no great
trouble In getting a line OF .uyers l. Oh
Nebraska, Iowa and other states.
Our main activities recently have been
confined to eastern Colorado and Klmball
county, Nebraska, where considerable land
Is changing hands. Some OF this Is re-
listed land, and some has been decided al
ready, but the price Is holding up well. In
fact. there has been in the last year an in
crease in value OF s. to S. an acre on much
of IL. D.~
Productive land Is what most people
want and I'm Kimbaii and Banner counties
we have no difficulty In selling to men
who have seen the land. it VIII range In
price from $3.50 to so and $50 an acre
where the promise is at ali good, and be-
lieve the new farmers win repeat the expr-
fence Of the people who went into Chey-
enne and other counties and made good.
banks Holding Down.
There is no question but the tightening
Of the money market had a bad effect on
the land business, and as view It the shut.
down wax quite unNarranted. But the ery
came from the eastern interests that this
banks could get more profit investing thell
securities rather than IN western lands and
some bankers leaned to that view quite
strongly. They took the pos lion, as neai
as we can figure, that pecuintion In land.
WAS going to an extreme, and maybe that
Is true of the so-calltd Wildcat lands, but
the investments IN productive lands are
solid The movement even now Is enoourag
ing and in common with othsr men hand
LING western lands, ile.ud,ns small invest
ments in town lots, we are looking for nj
falling off in the demand; rather do W,
expect an increase. Our early spring busl
ness was the best In years and this fair
prospect Is good enough to satisfy any
body" I'D
Hugh McGrogan OF western Custer count,
says his part of the state was never II
better condition than right now. For
time 1t looked as II the alfalfa and corr
might be disastrously- affected by the. oiy
weather long continued. but the rains cam,
in good season TO make everybody happ,
out our way 81
~ Land Owners Make Good.
These stories are but repetitlons Of VIVA
ali Nebraska men ftoIn the outlying coun
ties tell. Those who stuck to the Ian,
have made good says John Fredericks o
Galloway in letter to an Omaha friend
The Omaha man has some western land h
bought years ago. and has just refused Al
offer to sell at almost double what Il cos
him.