St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-24
A BETTER FEELING.
Local PeSSimistS Are Regain
ing Confidence in Their
Own City.
Men Who Have Been Bears
for Years Now Becoming
Bulls.
Unwilling That Outsiders
Should Reap the Benefits
of the City'S Growth.
An Active Demand for Prop
epty, With Good Sales at
Good Prices.

INQUIRY among real estate men re-
Seals the fact that despite the unpropl-
tious weather the past week has been
one of most satisfactory quality so far
as business is concerned. \ number OF
men report a better week than they
have had for long time, good sales and
plenty of them. For long time the
principal sales have been made to out
siders. and almost all the inquiry has
come from them. The most encOurag-
Ing feature of the past week was the
marked interest evinced by ST. Paul
men in ST. Paul property. Their re-
Vival of interest has been long time
coming. Two years ago the city was
filled with croakerS. men without falth
In the future and without confidence IN
the present; moSSbackS who were a
clog on the wheels of progress by reason
of their peSSimistic tendencies OF their
views and the free expression or them.
These men have been dying oil TO some
extent. while others have regained con-
fidence. This confidence has been
forced into them by the sight of out
siders coming in, not by ones and twOS,
but in shoals, and buying up land i'll
every direction; not only buving it u p,
but putting hundreds of thousands OF
dollars intO improving it; putting up
immense office buildings, great fats
and wholesale buildings. That outSid-
ers recognize in ST. Paul fine opening
for investment has been so apparent
for so long as 10 preclude all POSSIBLE
ity of doubt on the question. The men
who, 4 brief time ago, were smiling at
the idea of these men making any mon
ey ont OF their heavy investments, have
have gradually come to see that the
city was bound to grow IN spite OF them.
II was with reluctance that they re-
nGunced their peSsmiStic ideas, but the
fact is that they have been knocked out
of them, and these very men are now
trying to make up for lost time by buying
in every direction. The inquiry from
local sources has been so marked of late
as to call for more than passing note,
being a revival of what has not existed
for some years. One firm reports that
It has over 81, 0O0. 600 worth of deals on
hand with local men, most OF which are
expected to materialiZe. The GLOBE
has claimed all along that those who
wished to get in on the ground floor had
better begin to take action, as there was
little time to think it over. While they
have been slow in taking this advice
they are now making a scramble for
property. 1t seems strange that st.
Paul men should put out millions of
dollars in investments in other cities
Gnd allow outsiders to gObble all the
bargains right in their own city. Yet
this is what they have done. There are
men in st. Paul to-day who scarcely
own lot in the city, but whose
outside investments extend all over
"a nf fhnir
being placed in property in towns where
It's accretion is purely speculative
matter. While they have been doing
this sort of thing. more far-Slghted men,
men from New York and Boston, have
seen the absolute permanencY of any
investment they might make n st. Paul
and the certainty Of rapid increase in
any money judiciously placed. This
state of affairs from the very nature of
things could not last long, and St. Paul
capitalists are beginning to evince an
interest in the future of their own city.
Inquiry from local men has been so
brisk this week that agents who have
worn glum faces for year have begun
10 look pleasant. Sales have been
lively, especially in the Midway district,
and the claim maze repeatedly in these
columns that before long that whole
district would be filled with substan-
tial residences is fast being realized.
Almost all lots sold between here and
Minneapolis are sold to men who will
build Oh them in the spring. As soon
as the new rapid transit lines are fin
ished the houses will go up thick and
fast, gradually filling up the ground
now occupied by farms. January and
February are destined to be months
characterized by an active market and q
rapid increase in prices.