The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-05-07
AUCTIONS OF
LAND DRAW PEOPLE
FROM ALL SECTIONS
Twenty-Five States and Dominion
Of Canada Represented at the
Sales Held During April Good
Prices Realized.

Special Correspondence to The Herald
Santa Pc. y. VI. May New Mex
leo gained tuN-paying citizens and in
vestors from twenty-five states and
the Dominion of Canada as the rcsuig
OF the seven public auctions OF state
land held I'm seven counties during thc
month Of April. The buyers. tho bulk
Of whom have acquired tracts " G4O-
acres or less, Ia addition to those al
ready residents N New Mexico. come
from Arizona. wyoming. Wisconsin.
Washington, Texas. Pennsylvania.
Oregon. Oklahoma Nevada. Nebraska.
Montana. Misso.ri, Minnesota. Kan
sas, iowa. Indiana, Illinois Colorado.
South Dakota Utah and Canada. The
seven auctions were held in Guada-
lupe, Quay Sucorro. chavcs. CurrS
Eddy and Union counties. \ total uf
1874 tracts were sold. including 1.8-
49, 81 acres FOR which ihc state ic-
ceived - total coo S~i.33i5o3.2s. an
average ~ g g" an acre. The high
est price paid was $50 au acre in
Chavcs county and the lowest 81 au
acre the minimum az which stat.
land c1u nc sold. Ot the l6t tract,
NAf WV W. wv N'Hfn IN IfNN. fNfHNN"
i've Of "a tract of 3N GOO acres ia Union
count (which was sold for SO an
acre to a group cot :iu cooperating
bidders who AVE ~uhduvidcI their
purchases among themselves % tracts
ranging from 100 60 1900 acres.
Practically Az sale, made in April
come under the new Jaw by which tho
state requires payment of 3 per cent
OF the purchase price .u cash. the bal
anc" at any time within thirty YEARS
AZ I per cent interest annually iu add
vance on deferred payments. an tho
property purchased goes onto the tax
rolls at One at full value. as other
similar property rs taxed. Thus. as o.
result Of these sales. the state gtius
81, 31i, 500 20 iu taxable property and
the Institutions and schools. heucu-
Charles under the federal land grants
To- the state receive at once ior their
permanent funds tGs. 7e5.tG. and for
their income funds for the fiscal year
a total 81 $5o.5I1.l2 \ considerable
area of the land sole .s being or wiz
be farm"d this year
Including the lands sold in April.
the stat" has now sold or contracted
for sale approximately LOCO acres.
leaving 90 Iu pus,c~siuu of lll5u. 900
acres or this latter NOR" than g.
OOO 900 acres is under various forms
~ lucUm" producing LEASE aud OF thus
leased hand more than 10000 acres
has been listed with IN" state land
commissioner az being itru'd this
year under th" recent permit u. th"
department tp farm grtlIuE .,a-"F
during DO" period uf M" war without
additions. rental
Tho following summary 20 'h.
April state land 4lc-. made public
today by Land Commissioner Robert
= Tryl'u VIII ho ~ interest tu 'yory
land owner IA Sew Mexico as .udiaat-
INK tho steady advance iu luud values
iu various sections uf The state and
80 an citizens ass ana illustration of the
Increased demand for Srttc lands ar
Increased prices. T. is pointed cat
that up To- 1915 q sal" ut state lHud
AZ a. price over the minimum uNcd hy
congress a. which The lands can u'
sold was very rare. lU the e. April
sales 70 vast majority uf tho tract,
sold were pt prices above the wiu-