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Show LAND DEIS WEI I0TWBLES Echoes of Eastern Financial Restriction of West Are Being Heard. When eastern banking circles drew tighter tho strings of the western purse, a purse that was being drawn on for an unusual amount of capital for tho development devel-opment of western lands, this action was variously discussed. Opinions are being called for by J. S. Gaelic & Company of New York, and their Montana correspondent corre-spondent has reported in an Interesting manner, the following bolng an excerpt: "Answering your inquiry of May 31, I beg to suggest that there fs no. clearly marked lino between tho huylng of land In this section for speculation or by actual ac-tual farmers. Many of the tracts of land which havo changed hands during tho past two years are being cultivated by their new owners who have moved hero with the Intention of making Montana a permanent home. Many of thcBe men have found aftor careful investigation that thoy can produce an equal amount of value from Montana land at prices ranging from $15 to $50 per acre as was obtained from lands in tho central states which now carry valuation of ?S0 per acre and upward. At tho samo time, thcro is a largo amount of land-buying by eastern parties who havo no intention of operating tho property and with thu Idea of selling at an increased value. As yot there has been little dlsponltion on the part of those landholders who havo sold out to begin to repurchase and as long as this condition continues' the financial feature of tho transaction is, of course, very favorable to our community." |