-3- 



The courts have defined market value in these terms quite generally: 



Market value is the highest price , estimated in terms of money, which the pro- 

 perty will bring, if exposed for sale in the open market, with a reasonable time 

 allowed to find a purchaser buying with knowledge of all uses and purposes to which 

 it is best adapted, and for which it is capable of being used. 



In some instances the term "fair market value" is used and then is defined as 

 a situation where the sale can be made for cash or terms equivalent to cash, at a 

 price agreed on by an informed seller willing but not obliged to sell to an informed 

 buyer willing but not obliged to buy. 



The attempt frequently made to value property taken under eminent domain or 

 for that matter in attempting to arrive at a sales price by valuing the property 

 by units and adding the unit values to get a value for the property, is likely to 

 be very misleading. It is a good deal like trying to arrive at the value of a 

 used car by placing values separately on the motor, the wheels, the tires, etc. 

 and then adding the unit values together. The value needs to be determined for the 

 whole property and it is the loss in value of the whole property as a result of the 

 condemnation or partial sale, that needs to be determined. 



---Lawrence D. Rhoades 

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BLUEBERRIES - A Look Ahead 



Those who are familiar with the history of the blueberry industry know that 

 much of the breeding work has been done by workers in the U.S.D.A. Following 

 the retirement of Dr. F. V. Coville, Dr. G. M, Darrow took charge of the blue- 

 berry work and continued Dr. Coville' s breeding program. Recently, Dr. Darrow 

 also retired. Nevertheless, he continues to maintain a very active interest in 

 what is going on. A recent letter from him contains some information of consider- 

 able interest and importance. 



Quoting Dr. Darrow, "This year I saw beautiful ripe blueberries out of doors 

 in mid-April at the University of Florida, resulting from Prof. Sharpes work. 

 There is no doubt that an industry based on high flavored, light blue varieties 

 can furnish fine fruit for the markets in April and May. Then at Jonesboro, 

 Maine crosses of the Ashworth from north of the Adirondacks with Earliblue and 

 with Bluecrop were perfectly hardy, and Dr. Whitton there is doing a fine job. 

 Use of low temperature hardy Ashworth and frost-resistant Bluecrop in breeding 

 should insure varieties giving regular crops throughout New England." 



Many fine selections resulting from Dr. Darrow' s breeding work are under 

 test in fields of private growers in Massachusetts, Michigan, and New Jersey, 

 In the near future, these should furnish a whole series of excellent varieties 

 tailored to meet almost any market demand. 



—John S. Bailey 

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