Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1889-02-05
PROSPEROUS sioux FALLS.

what 1T Has Done and some OF the
Things III Intends to do.
Sioux Falls special: Ii the current
year is not the best and most prosper
GUS in the HISTORY of Sioux Falls, then
oil signs fail. Never before in the dead
OF winter has there been o feeling of 30
great confidence; never before, indeed,
so much inquiry after property, both
city and country. AS rule real estate
men expect little business III January.
They regard THE month as their costing
time. December WAS unexpectedly q
busy month, but January has thus fer
been even still moro SO, All this real
estate activity comes directly from the
election OF President Harrison and re-
publican congress. Sioux Fails has been
extensively advertised; but for all the
money spentIn Setting forth her merits
as the metropolis OF the state of South
Dakota, as she will s oon be called, there
would have been little OF any response
had not the republicans won the late
election. Many eastern men had made
up their minds either to come TO Dakota
Or to send capital for investment when
the new state sho1ld be finally admitted
I-u the esection made early admission O
fixed fact. Soon after election real estate
business began to pick ap and there fol-
lowed In rapid succession some of the
largest real estate transactions ever
known in Dakota. The beginning of
the unusual business fer the winter was
due 20 the advent of company of Maine
cay ltslists. They looked the oity over
and made investments with,lavish hands.
They bought some high priced business
property, but the greater part of their
investments was made in what is known
ss South Sioux Falls. a syndicate com-
posed OF these Maine gentlemen and h.
f. Pettigrsw and s. T.. Tate have bought
thous ,nds OF cores in the bend of the
river from one and one-half to three
miles from the postoffice, and the ap.
parAnt recklessness with which $25 GOO
or $50 900 was paid ont for quarter
section of land in that direction gave the
| real estate business an impetus which
has continued now for nearly two
months. The transactions are not con.
fined to any one section, but extend in
ell directions and embrace ell kinds OF
property. OF course the unexpected
volume of business hes caused decided
stiffeninR OF values, and the same prop
erty has been resold in some cases at a
handsome profit. With such o business
ct this season, it is natural for real estate
men to predict great things when the
real spring trade actually begins.
But the sauguine expectation OF O
heavy business is based on more sub.
stsntial foundation than what might be
gained from the facts already given.
The syndicate referred to has entered
tho 1icko Far n 1nrv "a
the most ambitious schemes ever
launched in the northwest. 1t is MOTH
ing more or less than tie building of
man ufacturing center just south of the
! present limits of Sioux Falls. II has ID
mind canning factory, wooden mill and
plalnng mill. The wooden mill has
already been incorporated, with q capital
of 500 900, by r. +. Pettigrew, Thee
dore Gerrish, 8. L. Tate. Loring A. Per-
| kine, OF Sioux Falls. The company is
authorized to manufacture yarns, blank
cts and other wooden goods The build
ing for the mill was begun late in No
vember, end will be finished in the
spring. The mill will give employment
to large force, and will consume large
quantity of wool This will stimulate
the raising of sheep. and will add ma
| terislly to the wealth OF Dakota. The
canning factory will cost $25, ,O0O,. and
will put up ell varieties OF fruits and
vegetables which can Re grown in Dako-
ia. IL will make fac market for farm
ing produce, and will open the way fo1
many of the farmers to do fine bust
moss in growing vegetables.
A planning mill has also been decided
upon and a contract has been made for
putting in large concern. The plant
is 10 cost from $50, 900 to $4,000. This
institution will not only do planning and
sash end door work. but will devote
much attenti u to panel and inside
finishing work. in both hard and sof,
wood. Carving VIII be another special
j ty, ii being the intention to make any
thing in wood aad in q style of art that
will forever exclude importation. Thif
will be the only enterprise Of the Bind il
Dakota. and it will without doubt find
! large field for its operation. a mum
Der of Sioux Falls gentlemen also owr
the Iatent for q oar coupler whicl
promises to solve the CREST problem o
coupling freight cars without riskinl
life. should this patent prove success