Omaha daily bee., 1908-09-20
OMAHA REAL ESTATE CENTER
Presents Better General Conditions
Than Most Other Cities.
VIEW OF MAN HOME FROM EAST
?. r. harrison Comes BACK from
Extend ID Trip Through Eastern
state with Good showing
for Omaha.

Ala u r. 1dTTlhDH OF Nht AllIl "a heA
rlsoa & Morton returned to Omaha durins
the week from an extended trip through
the east. he did not hesitate to say that
Omaha was the best spot on the real estate
map between Prince Edward Islands and
the Missouri river, and Mr.. Harrison stop
ped at some such good points as Detroit,
where business is unusually good in all
lines.
There is nothing selling in the east
said Mr.. Harrison. Il could not find
enough actual business in the real estate
line 10 determine whether property was
bringing all It Is worth or not. ! expected
10 find both business and tenament prop
erty selling at a sacrifice, but l found no
selling at all. y
'For a number Of years I spent some time
In New York city during the summer. l
never saw since I have been going to the
metropolis so many For Let signs and
some OF them read, This Entire Building
20 Let found old business concerns had
moved their Headquarters to places where
rents are cheaper and what is true OF the
business is also true Of the residence and
tenament house district
Mr.. Harrison came back loaded with
ideas on charter revision and municipal
government. having talked with some of
Inc DThfNlChl ditu NtNbA iva ~
the subject. He said he met and talked
with the mayor Of Detroit and asked him
point blank, Can you cut the expenses Of
this city In two?" He said the mayor re-
plied without hesitation, Yes, sir, l can,
but II is too long a story TO tell you about"
In Boston MI. Harrison met Seth K.
Humphrey, formerly Of Omaha. Mr.. Hum
phrey is an Investment broker and recently
recognized as an authority on land laws.
In q recent magazine article the former
Omaha real estate dealer and broker
criticises the way in which the govern
ment il opening the Trip county lands IN
south Dakota, taking the view that It Is
little better than disposing OF farms at a
faro bank.
The Omaha Real Estate exchange held its
first regular meeting during the week after
a vacation Of two months. One OF the
first things which the exchange will DE
called upon to do is to discipline some OF
it's members or bring a few outside deal
ers to justice. according to one of the Of
ficers Of the exchange. The practice has
been growing among dealers, since business
has been better and money for investment
free to seek city property, of buying from
an owner and selling at an enormous profit
instead of taking only the regular com
mission. This is absolutely against the
rules Of the Omaha exchange, but several
instances of dealers trimming" owners
and clients have been reported to Officers
of the exchange. During the year the or
ganization will try to increase its mem
bership by the addition of all the reputable
dealers in the city and discourage investors
dealing with those who do not join the eN-
change and agree to abide by it's rules.
"As business increases in Omaha and
dealing Is freer, the public will see the
necessity of a real estate exchange" said
an officer. And investors and owners
should list their property and place their
money only with those whose willingness
to deal squarely is indicated by associa-
tion with an organization which had al
ready accomplished a great deal In thf
matter Of regulating commissions and pre-
venting dealers from trimming owners
Among the additions which have in
creased the most in value during the last
two years, is the Field club addition and
there Ii no part Of the city which has
promise of developing into a beautiful
residence section. One home was sold dur
ing the week, said to be the first property
sold in the neighborhood. The lots origin
ally cost about $1,000 when a $1,000 homo
was erected. After two years the property
sold for $500. Other property Is said tC
have increased In proportion and the many
new homes in the neighborhood give some
idea OF the possibilities OF Field club add
tion.
Less interest is felt by Omaha real estat,
dealers in the opening of the Trip county
lands on the Rosebud Indian reservation