The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-03
Some New. York iSatnpl es.ss' Sssss

uReaI estate values have increased
from 100 to 800 per cent in New York.
This boom began three years ago with
the immigration Of the Polish. j egFsHaoN
Brownton on:naccount of the Wl1llaMs-
burg bridge improvements %B 'r 99
seompareeit to the flats here. The prR-
erty which these Jews secured has gone
up as high as 600 per cent in value.
Members of the colony who started in
with few dollars capital can now
write their checks for 100000. An
erty in New York itself shows wonder
full advances. In Philadelphia and the
outlying towns there is a boom on in
real estate. Long Island has gone crazy
over real estate. The whole island is be-
ing cut up into lots. The entire east
coast is booming. In Jamaica sand
piles, which sold last year at $l2 an
! acre, now are selling, cut into. lots, at
| the. rate of 5000 AN acre.
'tINew Orleans is having boom. They
Ehave had one in, Los Angeles. They
lhave- had one at San francisco. There
is boom in business property and
water }frontages on. Puget sound. In
Winnipeg property has gone up the last
4 four years. A man there: who paid
$500 a front foot. FOR some property was
insulted when asked to sell it at $4,000.
rate. ;.
III + RI Railroads Help Out.
uThe- New. York Central road has in
creased its capital stock 10000 ,Oo0
for use in .betterments;a tn eo Pennsyl,
vania has Just issued 500 900 ,000 bonds,
purpose. -. The Baltimore. & Ohio has
Just raised 81 100000. and there is $780,
600 900 more which the brokers are try
| ing to place, for the. railroads for i'm
SThe !. railroad -. companies have
ordered 1T f stes1 f9s next w fsii de-
week, has ordered 100000 tons of steel
rails, not pound Of which can be de-
liyered before. July j, 1907, and 10000
steel cars The. New York Contra!
lines have ordered 100000 tons Of stee
rails. The Colorado Fuel & Iron com
i panv, the Jones & Mclaughlin Stee
I company. with other steel companies nda
I 900 tons Of rails for 1907 delivery; /,
stThe savings banks Of New Yorl
lost more than $5,000,000 deposits IL
Ethe 1astIyear for real estate investmen
II THESE facts aret.a1I, indicative of wha
may be expected in. the future.
4 Future of Minneapolis.
t1.sTn regard to. the future OF Mime '
.apolis, II see that it must be a great one
First, because of it's rich farming coun
try. That is. the most stable thing "
Il can have for the wealth. Of a city. Sec
q ond,. we have been raising about four
teen bushels of wheat to the acre. i
England, Germany and France, with
q worn-ont soil they raise from twenty
q 1--WE to thirty bushels by intensive cul
q tivation. SO we may have more cOuntr
y tributary to Minneapolis than we thinl
4 because it may be doubled and: treble
q IN It's capacity by scientif c met ods5 .
81 increasing prodnctious Last year low
q is said to have added 30 ,OOQy geo bnshel
Sa1 to it's corn crop by scientific method
This is going to add TO the pTodnet7o
a of cur SOIL =
B q Another reason Is that the sem SEN
g arid aist1iets eam be utilized as neHs
B before by reason OF the puaveriz1ng .
6 The suil T his MSthed waS discovered b
d Nebraska professor. He found b
3 watching Tire roads that moisture goo
= faru powStued earth and EtagS Under