Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-03-02
LARGE NUMBER OF TRANSACT
TtONS IN VALUABLE LAND
CLOSED WEDNESDAY,.
ANNUAL CLEANUP DAY
KEEPS UP AVERAGE
More Than Third Of Million Dollars
Worth of Land Changes Owners on
Annual Transfer Day-Many Of the
Sales Made at Over 5000 an Acre
North County Land Active.

The annual March l rush. Of closing
regulations for the sale. trade. trans
fer and mortgaging of lands attained
an average, if not a greater aggregate
Wednesday, than any similar day OF
recent years. 1t is estimated that
farm land of a value of $500, 200 to
100000, or perhaps even more,
charged owners during the day.
The transactions necessary to get all
this vast amount Of business cleared
up nearly swamped the banks that
participated in the larger parts of it,
The filing Of deeds, mortgages, and
other papers fairly flooded the office
of the county recorder and left a vast
amount Of work for The office force
and abstracters.
Much $780, an Acre Land.
While the total value OF land bought
and sold represents a large amount,
there is another feature Of the trans
actions that attracts attention. This
is the proportionately large number OF
sales that We're made at prices Of 5000
or more an acre. Atho confirming
statistics are lacking, 1t seems prob
able that a larger percentage Of 5000
an-acre or over land was sold this
March than at any similar season.
The neighborhood a few miles north
east Of Albion and southeast OF Lis
comb, near where Taylor. Iowa and
Liscomb townships corner furnished
several transactions in 5000 acre
land.
Some Of Larger Deals.
Because Of the price per acre at
which these lands were sold they fur
nish a feature for the day.
Martin Graham has sold to J. L.
Harrison his 100 acre farm two and
one-haH miles northeast of Albion for
$4,000 cash. The price of 1920 an
acre was not only one Of the highest
in the days transactions. but the cash
that changed hands was one Of the
largest lump sums OF the day.
Graham. in turn, purchased of c. L.
Price for $1,000 cash. a forty-acre tract
one-half mile north Of the Albion town
limit, The price paid per acre was
s20e.
NJ W. McKibben has sold to Arthur
H. Schiebel a farm Of 1o6 acres four
miles southeast of Liscomb for s22, 0O0
a per acre price of SPOT. Ten thou
sand dollars Of the purchase price is
represented by a mortgage on the
land
McKibben, in turn. paid $4,000 for
eighty acres owned by Emery J. Cody
in Taylor township, four and one-half
miles northeast Of Albion. The trans
action included $4,000 cash and a
mortgage for $4,000. The per acre
price was 5000. The eighty adjofns on
the east land owned by McKibben
Still another sale in the same
of the w. F. Koontz farm OF $50 acres
to w. G. Randall. The price was
$4,000, of which $4,000 was cash.
The land is in Liscomb township, FIVE
miles northeast of Albion. Randall al
ready owns an eighty adjoining the
Koontz farm on the west.
LeGrand Land Brings $240.
One of the record prices for a largo
tract in the days dealings was $40
an acre paid by John Rinden and
George J. Olson for 1o4 acres in Le-
Grand township. owned by Harry B.,
and Arthur W. Bottnen. The price
paid was $3.50 Of which s7.4O0 was
cash. This farm is only half a mile
OF tho Lincoln highway, and is only
a httle more than a mile southeast of
the city limits.
Another good figure for land south
IF The city. but close to It, was s215
an acre Ben vaJgrt paid H. W. Ogan
for 100-acre farm on the South Sixth
street road, a half mile from the city
limits. In this transaction Of $21,50O,
cash Of $500 changed hands.