Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-03-07
LAND VALUE OF MORE THAN
100000 CHANGES HANDS IN
WEEK ENDING MONDAY.
CORN CROP HAD LITTLE
INFLUENCE ON VALUES
Much Land 10 Sold in March I Trans
" actions For Values Ranging From
$3.50 to $225 an Aere-Braddoek Es-
tate Deal tho Largest Of the Week.
Review Of the Market.

The peak In the annual March"
turnover Of real estate, and more es-
pecially farm lands was reached in
4 the week ending Monday night. Trans
actions in property worth nearly mil
lion were closed during the week and
disclosed some unusual features when
| viewed in the light of the partial corn
crop failure of last year. III
Among the most interesting of the
details was the general high trend of
the prices. Another was the unusual
number of large transactions, the $40, =
600 and $25, 900 deals being really quite
common. Still another distinctive feat
ure, and this one is significant when
the corn crop is remembered, is the
very large amount Of cash paid on
! these farm sales. y
! Total Far Over Million.
| The total value of real estate sold
in the week was $97S,267, of which ali
but S44,705 worth was for farm lands.
! The total for the week previous was
! 1926, 442, bringing the sum for the two
weeks, which all really represents
| March / deals, up to $1,3O4,709. A
! comparison with the same weeks Of
last year Is not possible, but the indi-
| cations are the buying and selling IN
| the two weeks will compare very we'll
| with any two corresponding weeks Of
! recent years. BY the time all OF the
early March transactions are on record
I it is quite probable that the total VIII
run we'll beyond $1.50O,000.
| 1t is we'll to note. in connection with
f! the consideration of this detail Of the
! March market, as well as with othey
! features of it, that the corn crop, or
: last year was below normal. 1t was
| pointed out at the time what this
; partial failure would do to values and
| the movement of land.
Many Large Deals.
| That the corn crop did not affec1
materially the land prices, and. that it
| did not interfere with many =. large
| transactions, us might be expected, the
records show. The week disclosed sew
! enty-fve real estate transactions. @Of
that number eighteen, or IS per cent.
were for $4,000 or more each. ...
+ The largest deal Of the week was the
ielosing of the sale Of the. Martin
iRraddocll 240 acres at Marietta to John
Mead, of Des Moines, for $4,000, of
which $4,000 was paid in cash. The
per acre price of 1926 was among the
very highest of the March sales. ~
I Cash Payments Are Large.
Still another feature of the market
that disproves the prediction that the
! partial corn crop failure would make
money very scarce. is noted from the
unusually large amount of cash that
was paid in on the March l deals 1t
t.,f~ fc nh
transactions involving $4,000 to $780,
! 900 being handled entirely for cash. It
was even much more common to find
that payments from $4,000 to $4,000
! in cash were made on great many
deals. 1t is quite probably true that
half or more of the total value Of prop
erty bought was paid in cash. That is
| high percentage in farm transactions.
/ Bank Deposits Climb.
! The banks have felt the rush Of
money as no other business institutions
have during the first week Of March.
Inquiry among them develops that In
the week ending Saturday, March :.
bank deposits jumped well over $780,
OOO and the bankers, especially on
| March !, were nearly swamped with
| the business they were asked to
handle One bank gained nearly $500, =
600 in four days, another banks de-
posits ran up nearly 100000. The week
proved a harvest time Tor them. OF
| course, in due time, the larger part
of this money will be drawn out. to ba
| reinvested or distributed, but what re-
| mains in the banks permanently Will
make a nice increase in deposits.
I City Property Active.
A corresponding activity in city
property was noticed in the week, par:
! of it resulting from the negotiations in
farm lands. A number Of good resi-
dence properties. including the Picard,
T.. H. Reifschneider. Paisley, and
Wheat residences. were sold. E. Routh
! took title during the week to the two
story brick block or North First ave.
nue. that is occupied by restaurant.
| The property was sold for $4,000 by
Albert Head. +. ,f9% H. 4.it1ss r.
| Real Estate Transfers. ~. e.,
Leo Picard to w. S. Haynes, lot 10
and the north forty-six fee. of lot 2,
| block 10, Riae'B addition, 81. III
| C. r. Rogers to 2. A. Madill, lots 13
and IA, block 33, Gilman, SLIGO.
| NJ. G. Wilkinson to Mary A. Springer.
lot II, block 8, Electric addition, 81.
w. o. Van VOORHEES, to Saloma l..
Bonham, lot 3, block Z, Liscomb, $500.
e. H. Reifschneider to Emery ].
Cody, lot l, block IS. Jerome's addi-
ton, 81. Il h 81
Il William isley to Clayton Thomas,
| lot 20, ShSItzss addition, 81. Nh
WILLIAM M. beard to Hollis Z. Phil
lips, Iot# 7fAnd s, block 4, Rhodes ad :
dition to Edenville, $3.50. 81
George. A. Wheat to George Blink,
residence Property at sol North First
street 81. tS
". l.. Stubs to Sibyl J. and Martha
E. Lloyd, forty acres in Marion town
snip, s5,9Gss (. ral ~ 5s
Martin Graham to ]. L. Harrison, 100
| acres in Iowa township $4,000.
| Carrie f. Hilsabeck to Leslie r. Nor
| ton, land in Taylor township. 1880. u
Z. C. Price to Martin Graham, forty
acres in Iowa township, $4,000.
go. ID. Wilson to M. r. Matsen ana
walter B. Bohen. go acres in Taylor
ltownship, 81. 8 rs
| w. F. Koontz to Eva and w. @.
Randall 100 acres in Liscomb town.
ship. $4,000.
Mary A. Nichols. ct all. to ". RI,
STUBS, eighty acres in Marion town.
ship 81, 2ho. 80.
Henry pile to independent school
i.st.x.t,. ~ HayerhilI. three md ot,s-