The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1919-09-12
ANOTHER BIG LAND DEAL,
The East OrOville Orchards Company
Closes Out Its Holdings for a
Consideration OF $4,000.

Another large real estate deal EN-.
Dracing valuable fruit lands in the val
ley was closed this week, representina
an investment of $35,0DO. The transfer
was for 90 acres in the East Oroville
lOrchard Tracs, situated on the east
iside OF the Okanogan river, Immediate
ly adjoining town. OF this land &c
acres are in one tract OF bearing orch
lard, which was sold at a rate of 81. .OOC
per acre, and the balance were adjac-
lent tracts. The sale Isl the largest one
in point of monetary consideration
Ithat has taken place immediately
around Oroville, and is indicative of
the rapidly increasing value of valley
lands under the West Okanogan Valley
Irrigation system.
The East Oroville Orchards company
was organized by l.. Ii Work in 1909.
|The property was developed under the
direction of Mr.. Work and all the land
|except the acreage Just disposed of
was sold in small tracts. When Mr..
Work conceived the idea of forming a
company to water and improve this
land 1t was barren sage brush
waste, really of no value so far as pro-
|duetion is concerned, as nothing would
grow upon it without water. Today
that land is covered with the most pro-
life bearing orchardssto be found in
the length of the valley, and is dotted
with neat and comfortable homes.
Since Mr.. Work left the country the
care of the property has largely de-
volved upon the First National bank
|of this place, and Mr. Starrett, upon
whom the work fell, found the task
quite an onerous one. Recently ~ e.
|Whitworth, of the Commercial bank,
Okanogan, president OF the East Oro-
Vile Orchards company, and Mr.. Star
|rett, secretary of the Company, have
been negotiating with T. c.. Haskell of
Wenatchee, of the Haskell Packing
company and president and local man
lager of the Earle Fruit company of
the Northwest, for the sale of the last
OF the holdings of the East Oroville
Orchards company, and the deal was
FINALLY consumated at the figures men
toned during the present week at
Spokane. The Earle Fruit company
receive with the land the 1919 season
apple crop, that will run several thous-
land boxes, with all the implements and
personal equipment thai has been used
by the late owners cBAshe- tract. The
|old company still retains it's organiza-
ton for the purpose of closing up the
contracts and mortgages held on other
tracts. By this sale the stockholders,
la number of whom are non-residents,
will realize the full value of the orig
inal capitalization, a happy result that
|cOuld hardly have been anticipated a
year ago.
From every point of view this deal
lis most fortunate one for this part
|of the valley. 1t is evidence that orch
lard lands in this locality are attract
ing the attention of men of long eX-
|perience in the apple game, it sets a
new price, and high one, on bearing
Orchards, and it has secured for this
|neighborhood the interest and influ-
|ence of one of the largest and most
prominent fruit organizations, in the
northwest. 1t is very encouraging to
have a company such as the Earle
Fruit company, represented by Mr..
Harkell, show such faith in the future
of this locality by making
|so large an investment. 1t is going to
|stabalize the fruit industry and will
have the effect of attracting other
large fruit interests to the upper Okla
hogan. Nothing that has recently oc-
CURED has been of greater Importance
to Oroville and the adjacent country
than this transaction, for the investors
|are progressive people, strictly busi-
mess, aiming to profit from their in
|vestment, and in order to do so will
make extensive improvements by pro-
viding the latest and best methods for
handling, storing and marketing the
Icrops.