Omaha daily bee., 1908-04-05

New England cities: Those engaged in
manufacture are beginning to feel the reac-
ton in business, Smaller cities remote from
financial disturbances show less stagnation
New York and Pennsylvania cities, in.
cluding New York and Philadelphia: Realty
market abnormally quiet. General finan-
oial conditions responsible for inactivity
falling values and high mortgage money
rates.
Indiana, Ohio and Illinois cities Mort
gage money scarce and unfortunately high
Good crops at high prices are doing much
to continue business activity. Realty con-
dltlons are about the same in some cities
and more unfaVOra BILE In others.
Iowa, Nebraska, Kansas. Missouri and
Colorado: These states are favored with
excellent realty conditions. Farmers are
prosperous and farm lands are readily
sold. The country districts seem TO have
outgrown the cities and the latter are en-
Joying the activity in real estate incident
TO much needed enlargement.
Pacific coast cities: Still adversely in
fluenced by the San Francisco earthquake
and unfavorable reports from the east
but the crops are good and the farmers
are the most prosperous class
just thirty days later, or sixty days after
the national banks of the country re-
stricted currency payments and extended
the check system, New York financial
papers sought to give the whole country
the same discolored condition which ex-
listed down east and one of the most promi-
the real estate world is beginning to feel
the money stringency. There has been a
marked decrease in the number of building
operations and sales: extreme difficulty
in borrowing money. abnormally high in
terest rates and commissions with falling
values"
Compiling a careful report from the
financial news in papers from all parts OF
nj n
after the December bank statement was
called
New England states: Little activity, many
vacancies in the cities and rents are col
lected with difficulty. Smaller cities are
leeling the money stringency In real estate
circles almost as keenly as larger cities.
New York and Pennsy lvaEia: Scarcity OF
money is exerting a depressing Influence
and many tenement houses are vacant
Indiana Ohio and Illinois: Building con-
tinues on a moderate scale. Mortgage
money Is scarce and rates are high
Iowa, Nebraska, Minnesota and the Da-
kotas: Duluth, Minneapolis, Cedar Rapids
Council Bluffs, Omaha, Lincoln and Fargo
report improved conditions rather better
than a month ago and numerous sales OF
farm lands. Mortgage money is scarce,
but the rates the same as during the year.
Montana, Wyoming. Utah. Colorado. I'm
proved condition, except In Colorado, where
about the same situation as a month age
Pacific catst cities; Stationary condi-
tions, especially in Portland, Seattle anC
| Spokane. San Francisco is enjoying ar
Improvement
When the year opened the most careful
reports showed that the west and soutf
were standing up and real estate activity
continued. with a slight falling off in the
number OF sales because OF the impossi.
bility OF securing mortgage money, but
helped some by those who withdrew
mGHey from banks and invested in citS
property or farm lands. The real estat,
condition in New England, the north Al
lantic states and along the Ohio river
wer reported 20 be at a standstil, a re
duction in sales. decreasing values, higi
commissions and Interest rates
But reports January l in the papers
which prepared reviews of the years
business and during the first three week,
Of the year showed that building was still
under way In the cities Of the west, nota