A $6,500 Bet That Ione Would Boom
A Newport businessman buys a quarter-section as railroad talk sends ranch prices climbing around Ione.
W. C. Moeser has purchased the A 1 Fish quarter section just west of Ione, paying $6500 for it. Ranches in the vicinity of Ione are bringing good prices of late, evidently on the supposition that there will be a townsite at Ione, and that it will be the terminus of the Metaline extension of the I. W. N. for some time.
“Ranches in the vicinity of Ione are bringing good prices of late, evidently on the supposition that there will be a townsite at Ione, and that it will be the terminus of the Metaline extension of the I. W. N. for some time.”
Land prices rose on a rumor of a railroad terminus—a pattern that still shapes rural Washington real estate. The Ione speculation shows how transportation promises can turn pasture into a boom market overnight.
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