Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1916-02-19
REAL ESTATE
REAL ESTATE FOR
1916 LOOKS GOOD
Good Values, Increased Buying
and Good Profits Are
Predicted

Real Estate Promises for 1916"
was the subject of an interesting
paper read by George A. Shreiner at
recent meeting of the Harrisburg
Real Estate Board. His paper was
based on an article in the National
Real Estate Journal by N. ]. Upham,
president of the International Realty
Association. The paper follows:
The year 1916 holds forth prom
,ses Of
~ solid foundation for all values,
"A steady and substantial advance
for most property.
Largely increased buying of
homes, of business property and for
investment.
Good profits for those using good
Judgment in their real estate pur-
chases in 1915.
"The very best year seen for many
years, to be followed by even better
years.
Certain causes produce known eff
fects in nature. in human life, in
business, in investments, and particu-
larly in real estate.
THE thoughtful and wise, the
moneymakers, watch conditions and
which produce the best known eff
fects-then act with energy and
courage and profit accordingly.
Existing causes resulting from
events and conditions will produce
the effects above outlined for real
estate in 1916. AS Water is sure to
run down hill" so is it equally GER
tain that real estate everywhere in
the United States will go up sub
Btantially in 1916 and for a number
of years thereafter, because OF the
period of unequaled prosperity we
are now entering and which promises
10 last for period of years and Will
grow in intensity each year.
Every occupation, every industry,
all transportation, manufacturing,
mining of every kind, agriculture,
jobbing and retail business. CONNER
cial and investment banking, labor,
skilled and unskilled are all working
showing a balance of a billion and
a half dollars last year is expected to
show two and a half billions the pres
ent year. Our finances are in splen-
did contition---our debts to Europe
paid and Europe owing us large sums.
We have more wealth in the country
than ever before known; these are
causes insuring prosperity, and pros
perity is the cause that insures ac-
tivity and higher values in real estate.
The Wars Effect
THE war was a cause having GER
tain effects. First, it caused panic,
liquidation, stagnation and depres-
sion. Then it increased the demand
for food products, supplies and NUM-
tions at rising prices, caused recovery
in certain lines. These lines in turn
affected others favorably. The circle
of business activity widened.
Then 1915 brought big crops with
big prices. over five billions of new
wealth. The farmer commenced to
buy freely. the prosperous railroads
bought equipment and new supplies
other domestic lines became active
and increased their orders until now
we are in a position where the war
orders are actually retarding the
filling of pressing domestic orders,
because of difficulty of deliveries and
the rapid advances in prices. First
an injury, then a benefit, now hold
ing back domestic business which is
accommodating like a food, much of
which cannot be filled until war
orders cease.
The End of the War
when the war stops, known causes
are such as to vastly increase domes-
tic business and prosperity. With
peace instead of war, this country
will be deluged with orders for re-
construction, for the warning ma
tions, and by orders from neutral
countries which have had their bust