The Minneapolis journal., 1903-03-21
Real 3 state
POINT IS STRATEGIC
Minneapolis Has. in Her Location
Absolute Certainty Of Ire
4 mendous Growth.

Absolute Certainty Of Tre-
,mendous Growth. "
As Gateway Of the Northwest Her
. Future Is Assured, Says.
J. ~ '5.st. John Lind.
Of the Minneapolis Real Estate Board,
Wednesday, night, in the Minnea polls club,
to open the eyes of his au-
ditors to the, fact that the location of
Minnea polls at the point of entry to the
great northwest and the developing Cana
dian possessions, gives to this city greater
possibilities than those afforded by the
location Of any other city in the world.
+ If Mr.. Lind's subject, 'The Country
Makes the City be a corollary, the
speaker need not have elaborated after his
statistical demonstration that the coun-
try tributary to Minneapolis is great
Mr.. Lind drove nail after nail
to clinch his argument, and the already
convinced real estate men have a better
fund OF ammunition with which to show
buyers that now Is the time to invest in
lots
II. V. Jones ably seconded Mr.. Lind by
showing the rank Of Minneapolis in the
United States as a manufacturing city.
He showed also how the two cities, work
ing together, were advanced several num-
bers by the combination, Il Mr.. Jones
the remarks of Congressman Lind
on the position of Minneapolis by stating
that he had just asked the gentleman to
his left, sone who has recently come to the
city and invested heavily here. principally
in manufacturing establishment "Why
did you come to Minneapolis % Because
Of its location" was the answer. This
investor had nearly decided to go to Seat
tie, when he began to investigate Min
neapoliss -' ".-. .n' =
The advertising method suggested by
w. L. Harris was one of the admirable
points in his talk, the suggestion that the
agents get together and push the claims
of the city. The board has been work
ing toward this end will prove in time
to have been the main agent in breaking
up the Individual effort and rivalry: exist
ing between real estate men. One Of the
finest evidences of the new feeling which
obtains in Minneapolis was shown before
the banquet room doors were thrown
open Wednesday night. A prominent mem
ber Of the board took heavy outside
investor around and introduced him tc
his competitors as a man who was buy
ing Minneapolis property and who was
boxing for more. .-a.~. -
Formerly the method would have been
to put this man under cover and keep
him there until he had bought to his
limit.
Tradition bothers the local market a
\ r. ,;f inv r,
ing in real estate. Senator j. T. Wyman
in his speech, said he was glad that the
real estate men were not making as much
money as they did in early days. He
meant by this that the unfortunate boon
conditions did not prevail as they. did al
that time, and he hoped they would not
Yet Minneapolis property holders seem tc
be, holding off for prices Of former days
and the same tradition has caused a lack
of confidence In their own: city on the
part of Minneapolitans.. =. 1:,., -
This week a Milwaukee man came tc
town and bought one, of the finest eighty
acre farms in the city limits. It Is near
the river and near a street car line. He
paid $4,000 for it.. Minneapolis inves-
tors would not buy this land, possibly be-
cause they knew that in 1890 it sold al
81 800 an acre, and they were afraid OF
cheap things. The Milwaukee man may
not have known this. 1t would probably
have made no difference If he had He
recognized the value of the land and is
assured that he can make three or four.
time ;proffts >.z+s - .,slz
"Cold feet is the, diagnosis of one
agent Usually .ascity is judged by what
the citizens think Of it. Only partial con-
fidence would be indicated in Minneapolis
because, although a lot Of buying is going
on only a small proportion of the buyers
are investors They are buying for use
However. the Wabash Screen Door mer
have come from out Of town and bought
a large tract of valuable property an6
some Of it's individual owners have
started a systematic buying Of other prop
critics in town. The Albert Dickinson
company, owners from Chicago, have in
vested personally in some of the fines
| trackage left on. the, market. This conf
dence of foreign buyers as indicated il
! instances just given are going to be uset
| by the real estate men as iron to infus,
the blood of local capital. sssz l..-. .~.-...@
One speaker at the banquet stated tina
| he believed that moment to be a pivota
one, and he was not far wrong ~ if th
quiet: enthusiasm aroused that evenin,
| continues to expand. - -t -
| The building permit records indicat
| that an immense amount of repair worl
/ is going on. The records show remark
ably low figures, running from $75 t
$1,000, but the list Of individual item
is long. This is the expected forerunne
| of the building season. Z. Repair work i
the first to be undertaken, and that ou
| of the way the Items will each have sew
eral: more figures than now.
! - The register of deeds office shows tina
quiet buying Is going on, but it is a stead
buying and Of small properties. Citizen
are buying homes and home sites. .Th
large deals have not materialized yet.
/ REAL ESTATE TRANSFERS.
4 St Paul Fire and Marine Insurance Co. to A,
drew. Z. Anderson; lot 2. block 4, Fosters add
tion, SIS, ,0eO.t ''sE 8 =
Byron 3: Blake ct al to Albert c. Bennet
MendenhalFs s addition, SSI5! |4.- 81 ~ -
|, James F. r. Foss to Carl a. Carlson: lot /,
! block 5, South Side addition, $500. =