Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-25
The Condition Of the Market During the
Past Week.
CONTINUED INQUIRY FOR LOTS,
And Steady Increase Of Prices Asked
and Received.
CONFIDENCE IN THE FUTURE.
A Steady Onward Progress OF the City
Transfers Of the Week.
INQUIRY FOR LOTS,
ONFIDENCE IN THE FUTURE.

Inc real estate OF st. Paul grows more
and more solid everyday. In many respects
st. Paul is marvellous city. 1t is always
level-headed and cool and does not allow
itself to get excited at anything, but keeps
along in the even tenor of its way with
out being in the least disturbed by mis-
fortune or elated with success. When the
country was generally depressed with ad-
versity, when business was stagnant and
mercantile failures numerous, st. Paul
kept steadily on, patient, solid and con-
fident. During all that time there was
scarcely failure in town and not one
where the party who failed did legiti-
mate business, or had any business stand
ing. When business began to revive the
people of this town received the improve
ment in the same calm manner that they
had received the depression in business.
From that time to the present there has
been steady strengthening of the trade
in all departments, increasing daily till
now, not only in all departments of mer-
chandising, but in real estate as well, she
is strong and solid.
REAL ESTATE.
In regard to real estate there are some
who claim to think that prices
are too high but these are few
and all continue to buy. The truth is, real
estate has been too low in st. Paul all
along. When the Winnipegers came down
here and sold town lots in st. Vincent they
then told st. Paul people that they were
too slow; that they we're behind the times,
and that they ought to advance prices
100 per cent. or more. The Winni-
pegers knew what they were talking about
and st. Paul with her conservative notions
was slow to act. Prices remained where
they were and have changed very gradual
ly from that time to this. They have now
advanced to something like what they
ought to be but they are
not as high as they will
go by good deal. Everything is held
very firm and sellers are unwilling to con-
cede anything to buyers. st. Paul to-day
is city verging closely on to 100000 pop
ulation. Her business, her prospects and
the future should not be measured and es-
timated by the pint cup of ten years ago.
Those who start out to complain at prices
and urge that real estate is too high should
take broader view and consider the i'm
mense sources of business and commerce
that lay back of this city and which will
contribute so materially to its future great
ness and prosperity. There is an immense
empire northwest of US extending to the
Pacific ocean. comprising fertile valleys,
rich mountain slopes, an abundance of
water and everything attractive to the
husbandman. Into this stretch of country
there is flowing such tide of immigration
as was never before seen. Even the emil
grafton to California quarter of a century
ago, when gold was said to be hanging
from all the branches of the trees, there
was never such a steady, ceaseless flow of
people as there now is into
the broad prairies and fertile
fields along the banks of the Red river, the
Yellowstone, around DEVILS lake and away
beyond, in Montana and all through that
region. This population is made up mostly
of men of moderate means, and of poor
but industrious and thrifty habits. Into
this territory they are going by the
thousands. Their farms will be titled, the
crops marketed and the money put into
circulation. Large towns will spring up
all along through to the Pacific. This
necessarily means an immense business for
st. Paul, such as no mortal man can prop
erly estimate. Our merchants have already
felt some indications of the stream of traf-
fic that will flow from that upper country
into the great business center of the North
west, st. Paul. It will be very much great
er than they expect. Our merchants are
still too conservative, and do not to this
very day, appreciate to its true value, the
wonderful empire that is being opened up
to them in this great Northwest.
ST. PAUL.
It has been asserted that outsiders who
come here to st. Paul, and see what hel
location is, her commanding Importance
the vast empire that is naturally tributary
! t0 her have q batter oniniOn nj