The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1920-07-28
WILL LANDS co LOWER?

There will be instances where
lands will sell at less prices than have
been paid for the same lands in the
past. Some men buy property for
particular purpose, which purpose ii
abandoned, and then the propert!
sells for it's real market value, which
is less than the price formerly paid
There will be times of financial
stringency when lands are forced or
the market and when prices will be
much lower than prices heretofore
paid.
But generally speaking we do not
expect to see lower priced lands in
: this county. The course. Of events is
not chat way. A great deal Of land
has Changed hands in the last two
wears. Much of it has been bought
Z and is held by spectators, it may be
admitted. But these specuiaiors are
making money on the land by farm
ing it as we'll as by selling at higher
prices. They have in most instances
paid as much as one-third Of the pur-
chase price, and another payment
will be due the present fall. The
price of Gotten which enabled them
to pay the first sone-third will enable
them t, oa,,~ another third, or at least
a good payment. The LANDS are thus
firmly held. The people who hold the
mortgages are not pressing the del
tors. There was an abundance of
money in the South last year, and
there would be still much money
here if the cotton in this county were
sold. When the present crop is put on
the market there will be much more
money, and it must be invested.
And there will not be so many
p.sces to make investments this fall
The people here like real estate mort
gage as security for money loaned.
AS long as property is changing
hands new investment securities Ut
this kind are offered but wnen there
is no trading there are no new mort
cages to buy, and L. no persons to
whom money may be loaned. For that
reason there will be money this fall
seeking investment, more money OF
this kind than last year or any pre-
ceding year.
South Carolina produces about
one-half bale of cotton to the acre.
At twenty-five cents per pound this
Gotten will bring one hundred and
twenty-five dollars per bale. The seed
will sell for enough to pay tor the
fertilizers and cotton LANDS may be
let to good tenants, Who furnish
their own stock andl farming imple-
ments. for one-half the product OF
the farm, the owner furnishing the
fertilizers. If a crop of eight bales of
cotton is, produced to each one horse
farm, the income to the owner OF the
lands is about two hundred and fifty
dollars for each farm. If only hall
the lands are worked there IS still a
return of one hundred snG twenty
five dollars in money for every one
horse farm. In addition to this there
, is other income in food products
which would easily run the income
for each farm up to one hundred and
fftv or two hundred dollars pei
farm making one horse farm worth
ca Sven r." ccn: bass from two
thousand to three thousand dollars
And seven per cent. is a good retur'
on mo ley when much money is seek
:.:g iavestment.
Besides the business of farming IN
this section is just now. coming into
IS own. The tine was when LANDS
were allowed to wash away and 9th
cr lands were cleared, and tha'
turned out" was counted of little
value, but the lands have all beer
cleared, and there is no way to mee'
the demands of the growing popula
ton except to farm on a more inte"
sive system, and in this way reduce
the number of acres to each one
horse farm. The use OF nign grade
fertilizers is making the land pro
duce more and more each year, whil'
modern machinery is enabling plant
N