Omaha daily bee., 1899-04-02
MOVEMENT IN REAL ESTATE
There is Promise of Active Demand for
Farm Lands,
INDICATIONS OF A HEAVY IMMIGRATION
Considerable Activity in city Prop
erty-Supply of Houses ~ Linz
itcd-Stcndy Market and
Fair Prices.

While 1t is not expected that there will be
any boom in Nebraska farm lands and city
property this season, 1t Is certain that there
is to be an active demand for them during
the spring and summer Everything points
to this, and all the real estate dealers have
but one story to tell, and that is that people
both here and abroad are making many in
quiries relative to farm and city property.
Even now the real estate business is better
than at any time during the last ten years.
and the movement of property can hardly
be said to have commenced. AS in times
past. the agricultural districts are the first
to feel the onward march of immigration.
Farm lands are beginning to change
hands at rapid rate and at better prices
than have been obtained in years Most OF
the newcomers are men of means from Iowa,
Illinois, Wisconsin, Michigan and Indiana.
From these states hundreds OF inquiries are
being received from men who desire to come
here later in the season. There are some
of the dealers who contend that the fact of
the $50, 900 acres of Union Pacific land hav-
ing been thrown upon the market has had
much to do with the movement of i'm
migrants toward the western part of the
state vet on the whole this is hardly
probable, as the land is not yet on sale,
though contracts are being made, deeds to
be issued later While a large portion of
the Union Pacific land is more particularly
adapted to grazing, much of it is fine creek
bottom and gently rolling upland. In price
it ranges from $3.50 to So per acre.
Heavy immigration.
Speaking of immigration, Land Commits
sioner MacAlaster said: "There has not
been a time during the past decade when
the prospects were so bright for Nebraska
as now Farming has brought good returns
during the last few years and men are quit
ting the stony lands OF the east and coming
out here. They arH not going south now,
but instead, have started west, and there
is nothing that can stop them II there is
a good crop this season there will be the
biggest land boom in the history of the
state. Nebraska has been well advertised
through the east, and now the people are
coming. There will ibe a great many here
this spring, and after harvest there will be
thousands of investors
Land Commissioner Campbell OF the Bur
lington, in discussing the question of i'm
migration to Nebraska. said: The south
now they seem to have all turned their
faces toward the west. The vanguard has
reached here and every train brings new
settlers to Nebraska, They come as a rule
from Iowa, Illinois and the middle states,
though there are some as far east as New
York. We have only about 10000 acres of
land for sale in Nebraska 1T ranges in price
from 50 to $40 per acre and is being rapidly
gathered in by farmers Years ago, when
we were selling lots of land, the purchas-
ers preferred small payments and long time,
but this year the conditions seem to have
been reversed. The farmers who come have
money, and instead Of wanting time, a ma
jority of them pay cash and secure the dis
counts.
"The exposition was a great advertise
ment for Nebraska, and the effects Of it are
being felt this spring Thousands of men
who came here last spring are coming back
this year to buy either city property or
farm lands. l feel safe in saying that be-
fore the end of six months the agricultural
districts of this state will be participating
in movement that will be much akin to a
real estate BOOM"
Cloud with IL Silver Lining.
Agent Denny, who confines himself to the
selling of real property, says: II state
fact when l say that we have
been fairly overwhelmed with in
quiries for properties during the last
few weeks and while the majority of these
inquiries come from the smaller buyers the
demand for the better class of properties is
increasing. Low prices, however, still pre-
vail Otherwise the conditions are favor
able and the prospects flattering, Nebraska
farm properties are on the boom"
George P. Bemis, who does a real estate
and rental business, said: Times are bet
ter in Nebraska than they have been a
any time during the last twenty years
The country feels the era of prosperity first
and now instead Of the farmers being none!
borrowers, they are lenders. Most of then
| are out Of debt and have money in the bank
| l know of some instances where they hav
! loaned money to business men in tn
towns. Farms throughout the state ar
changing hands and good prices are bein
obtained, while in the city much propert
is changing hands. Good lots we'll located
sell at fair prices, while those in outlyn
additions are beginning to move. don't pre-
dict any boom, but ] expect to see Omah
enjoy a season of great prosperity befor
the end of the present season. The city
filling up rapidly and at this time it is neH
to impossible to find a modern seven
eight-room house in a desirable localit