Arizona republican., 1911-06-17
REASON FOR CONFIDENCE
 IN CONTINUED PROSPERITY
DWIGHT B. HEARD DECLARES
 OUTLOOK MOST ENCOURAGING.
Real Estate Development In the Buck
 eye Section.

Mir Dwight B. Heard. who will leave shortly for his summer vacation, was asked yesterday to make a statement as to the general real estate situation in the valley. particularly as to recent sales, and to give his opinion as 10 the probable demand for property this fall. In response 10 the first question Mir Heard stated:
 'I have found the demand for real estate during the past season most ex- cellent. the best feature however, to my mind, being the purchase of a large number of small tracts by a class of practical. clear headed men who pro pose to farm their land intcnsively, bringing it up to the wonderful pro- ductive capacity which the conditions in this valley make possible. The in tensively farmed small tract, handled with intelligence. means immensely in creased prosperity for the Salt river valley and all those doing business in it.
 This demand for small tracts and the home making movement connected herewith. has been particularly illus
 trated in the sales which we have made
 
 he past year. During that period We Ihave sold 1861 acres of land divided into 63 tracts. or an average holding of less than 2 acres. over twenty homes have 1Ten built oE these tracts, some of a very attractive character. others more simple to be replaced later by larger places, and in the fall many oth- CT attractive homes will be built on the lands already sold
 The smallest sale which We have made is a two and a half acre tract to { an English gardener. and the largest sale is the purchase by James Johnson of Williams, of q 164 acra tract which Ee plans to make one of the fines inn proved stock ranches in the valley. l : Iis tract has leen farmed for over thirty years, has a fine brick residence which MT. Johnson is now enlarging. ! is fenced and cross fenced with Page wire and it has most attractive grounds laround the residence.
 T have also found a very active de- fmand for close in suburban property in Los Olives. The many attractive res idences now going up on that subdl- vision incidating another phase of the home making movement made possible by the construction of the Roosevelt l dam
 MT. Day, in charge of my Buckeye department. has had an exceptionally favorable season for sales Of lands Tn
 the rapidly developing Buckeye valley.
 Our sales of Buckeye land since Janu- ary lst having exceeded S6O, 1000. The advantage of the farmers in the Buckeye country owning their can al has been demonstrated by the re | marksble development Of tha. section of recent years. Under the capable management of their local directors they are steadily reducing the canal in- debtedness, distributing water with economy and justice to all. and inn mensely increasing the production of the section. An interesting example of the value of Buckeye property is a re- cent sale made by Mir. Day of so acres
 of the WesseX ranch to Mir D. II. Me
 Donald of Tempe. Six years this prop ! erty was sold for 5000 per acre. In April MT. Day sold this same property
 to Mir. Mcdonald for s19O per acre, and MT. Mcdonald, who is a man who farms with a purpose. will, in my juSg-
 ment, be able to make his place pay fine interest on a much higher figure than the amount paid.
 "As to the second inquiry as to- what lies before us this fall, if coming events cast their shadow before. I should prophecy an immense activity in Salt