St. Paul daily globe., 1884-08-03
ST. PAUL NEWS.
REAL ESTATE.
Firm Feeling and Maintained Prices
General Midsummer Review
and StaIWart ProsnectS.

The real estate market during the week has
undergone no material change. Mid-sum-
mer is usually a quiet season for realty, and
the present month is no exception from pre-
vious similar periods. While there are no
specially large or numerous sales there is a
good demand and fully the usual amount for
the season is disposed of at satisfactory
prices. The market is characterized by the
| same firmness in prices that it has been for
a long time. Iu this respect there is no
change in figures though prices show a
stronger feeling, and property is held with
more indifference to selling.
One reason for this steady, firm tone of
the real estate markets may be found in the
fact that general trade in all departments
throughout the City of st. Paul is solid, firm
and prosperous 1t is not desired that this
remark shall carry with it the idea that the
business of the city is indulging in what is
called "boom,'' for it is not A ''boom"
is what st. Paul despises. She seeks a rat
ional, steady, solid and legitimate increase
| in all branches of trade and skilled indus
tries, which is always represented in a total OF
general prosperity. One of the noticeable
characteristics of st. Paul is its freedom from
| failures. This has been noticed on many
occasions, and it is fact that confirms the
idea that prevails everywhere as to the solid
ity and general financial permanency of st.
Paul dealers. The failures in st. Paul have
been very insignificant both in number and
amount and those that have occurred have
been among those with limited capital.
The new directory of the city indicates a
population in st. Paul of 11S,000 people. To
transact the business of this body of people
we have % dry goods houseses, 153 groceries,
80 hardware, 81 furnishing goods, hats, ETC.,
80 boots and shoes, SO meat markets, 81 tai
lors, 20 fur establishments, II produce, s
crockery and glassware, 35 drug houses, 16
fancy goods, II fruits ETC., 81 livery stables,
90 millinery, 30 clothing, SO cigars and to-
bacco, 10 bakeries, Is books and stationery,
Z carpet houses, 80 confectionery, % furni-
ture, % lumber dealers, 10 second hand
goods, 20 jewelry, 16 coal.
In respect to this matter of failures no
other city of like population and number of
establishments can show so clean a record
for the past five years. An examination of
ROooi1iN
proof of the general prosperity of st. Paul re-
tailers, for it shows that the rating of the
general average of firms is increased year by
year. This of course means much to the
business man-far more than any possible
argument supported by mere trade statistics.
single, but by no means exceptional case,
whice was noted while various statistics were
being secured from Bradstreets reports, was
of retailer III an ordinary line who started
here in 1881 with rating of $1,000. In
1882 he was rated SO, 600 and is now given
S35, 900. These are actual figures from off
cial sources, and are given to illustrate what
seems 20 be regular yearly increase in the
rating of the majority of st. Paul retailers.
To show that business is not oyerdone in this
city it should be stated that the per cent. Of
increase yearly in retail establishments is
not above onc-half the increase in popula-
ton.