Courier Democrat. (Langdon, N.D.) 1891-1920, 1903-06-04
The State Day by Day.
AN EXPERT OPINION.
Heieht Of the Land Boom Has Been
Reached in North Dakota and Else,

F'el9nt OF the Land Boom Has Been
Reached in North Dakota and Else,
where.
You want an expert opinion regard
Ing the real estate situation in North
Dakota and Canada" said prominent
Fargo land man who was asked regard
ing the present outlook in Investments.
We'll" he continued, Il ought to know
something about the situation. have
recently travelled over Manitoba. AS
sl2aboia, Alberta and about Edmon-
ten. in the valley and over Western
North Dakota.
I'm speaking of the real estate stu
alton the Red river valley should be
considered by itself For several years
II; the valley the crops have not been
up to the average, and, while land nas
increased in price. it has not gained
proportionately with other parts of tho
state, which the unusually moist con
ditions have peculiarly favored. All:
Of the opinion that lands in the Red
river valley are shortly due for sub.
staEtial increase in prices.
cit is not likely there will be any re-
action in values of farm lands in the
valley. They are bound to go up and
stay up. Farmers of the Middle West
appreciate this fact and you will find
Iron investigation that they prefer to
pay little more for the lands of the
valley than for those farther west
knowing they are worth more than tho
difference.
But | do not wish to discount the
value of the land in the southern, west
Those sections have been enjoying an
unusually healthy growth. They. IN
fact, have been enjoying real estate
boom. Vast areas have been settled,
the acreage of cultivated lands has in
creased in remarkable manner and
the west has proven that it is rich
country, suited to farming. Prices
have advanced rapidly. and l do not
think the limit has been reached yet.
"But there is lull The height OF
the boom was reached last year. There
will not be so much purchased from
row on for speculative purposes. | do
not think there is reaction; in fact,
am sure there is not. The time has
not arrived for that. l am sure that
1t will. 1t will depend upon what kind
of crops are raised this year. do not
think the general prices of land in the
west have reached point where rapid
advancement from now on is not prob
able. The boom is over in all sections
Of the state.
"In some portions think it has beer
overworked. but not great deal any
where. All portions of the state will
enjoy healthy development, if condi-
lions continue favorable. In the north
western part of the state there was for
a time movement toward the cheap
err Canadian lands, but that appears to
have been only temporary and is prac-
tically stopped. Some are returning.
"There is no question but that the
boom in Northwest Canada is substan-
tial. The settlers come from the
United States in large numbers, but
the majority are from England and
otner countries of Europe. Over l00,.
900 people from the United States and
Europe settled in the country west and
north of Winnipeg during the past
year, and they are coming in vast num-
5ors.
Coming back to North Dakota,
want to say that know of no bette.
place for a good solid investment in
land for man who means to make a
living at farming North Dakota is all
right Tho land is all right. 1t has
70: been overvalued. 1t is still under
priced and is bound to increase as the
country settles up. Especially is this
true in the Red river valley The crops
of the state speak for it and its people
have entire confidence in it. Boom
days are perhaps, over, but real estate
investments for the people looking for
good farm lands and who desire to
make their homes where they have a
fair chance OF making good liveii'
hood and accommodating a competence
foe old age will be open to thousands