St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-05-03
REAL ESTATE.
The Mails Heavy With Inquiries
New Life and Confidence In st.
Paul Dirt.


The Mails Heavy With Inquiries
New Life and Confidence In st.
Paul Dirt.
The busy May day renting season is
over, following which lists of property
are being rearranged, and a general
br rushing up IS going on among the
offices over whose doors read the sign
Real Estate. Locally, people are again
seeking investments, sales, trades and
dickerS are in the air, and the merry
dealer i'll realty wears smile of broad
expanse, and runs too and fro with
quickened step.
Eastern purse strings are loosening,
Eastern money is seeking profitable en-
plOyment, looking for desirable invest
ments. st. Paul real estate has always
been favOrite with capital In the East.
and mony handsome fortune has il
made the nonresident. Confidence in
our property has never been shaken
i'll the East. There as elsewhere
the strlngency has been felt, and
Eastern money has come less freely
during the past three years. The enOr-
nous shrinkage in railway shares. the
depreciation in stocks and securities of
every nature, high rates for money, and
checked the golden flow which few
years ago was buying so literally OF
our lands and lots. In Boston alone the
''shrinkage" Is said to have cost the
New England city some $4,000, 900,
fated AtchiSOn, Topeka and Santa Re
playing an important part. But now
brighter skies spread over the horizon.
The fable-sounding stories of the great
profits made in st. Paul real estate are
again going the rounds. Men are CON-
ing to look us over, and thousands are
writing. There is no rush, no excite
ment, but the revival is at hand. The
crOaker has had his day. Let him step
aside, let him make way for the wide
awake, patriotic, public-spirited gener-
alton, for the 'new era"
While no special or noteworthy feat
ures exist, it's growing and healthy
condition, and the market gains strength
ana confidence daily. lnterurban houses
and lots find many buyers, while houses
to rent are few and far between. They
are about all rented. The many new
industrial enterprises locating here and
adding wealth to the city enhance val
ueS.
Our speculative friends in Denver.
Omaha and Kansas City have succeeded
in booming" property in those cities
up to figures away beyond those of st.
Paul. A dozen Western towns of from
$4,000 to $4,000 population. notably Gal
weston, Austin and San Antonio in
Texas; Portland, Seattle and Tacoma
on the Pacific coast, and Duluth near at
hand, have their property about as high
as that of st. Paul.
That this city is notably superior In
every way to those named does not per-
nit of argument. That we are not over
doomed is equally true. And that st.
Paul realty at present figures, backed
by solid. substantial city with match
less resources and rich surroundings.
presents a splendid field for profitable
investments, none can dispute. The
spring will see new scale OF prices;
every foot of ground will go higher.
An advance is legitimate.
The building outlook brightens daily.
1t is general and everywhere. There
are new stores and office buildings,
older ones being rebuilt, new houses
great and small. st. Anthony hill and
DaytOn's bluff. the West side and the
outskirts, all resound with the artisans
touch, building homes for the new-com
ing tide. The vacant houses of year
ago are filed; we need more.
Much good is being accomplished by
the Real Estate and Manufacturers
union, composed of many of our best
and most public-spirited citizens. This
association does not pretend TO offer q
bonus or advance capital to industrial
enterprises, but rather to act as an
agent between capital and the manu-
facturer, and by vigorous work secure
the best results lOsSible for the city.
The several committees report good
progress, one new enterprise having
been secured during the past week, and
negotiations opened with several. The
vigor thrown into the work and the re-
suits already accomplished bid fair to
make handsome showing at the end
of the year. At meeting held WedneS-
day last. a resolution was passed invit-
ing all property owners and dealers in
city to join the union.
Labor
is in demand in all branches, wages are
good and the working classes are happy.
With the municipal work and improve
ments, street railway changes and ex-
tensions, the active building season,
the building of and employment offered
by new factories, the labOrer may count
1891 truly prosperous year.
General Business
continues excellent. The retail shops
and stores are active, and report the
spring trade very satisfactory. The
jobbers are surprised and pleased with
the heavy business on their hands in
every line. showing decided gains over
previous years. Not only are gains
shown. but bettered condition of the
country merchant, more cheerful
feeling and healthier general condi-
ton throughout the Northwest.
There is also noticed a more general
disposition to recognize and buy in st.
Paul, which our wholesale merchants
fully deserve. They have stood by and
tided over many customers during the
dull times and crop failures, ana the
time approaches when the fayors can
be returned.
The Silver Lining
is upon the fast disappearing clouds.
Bravely and sturdily have our people
stood at the helm of the good ship ST.
Paul all through the ruffled sea and
dark days of depression, and bravely
was the tempest weathered. There are
wrecks all about US, many of our less
substantial neighborS, unable to stand
the stress and tide, having been caught
in misfortune'S flood, and years mus
pass ere their injuries are repaired.
We may proudly invite the world to
come to ST. Paul to behold a city whose
progress has been greater during the
past three years of quiet than any in
the West; whose substantial foundation
is patterned from the everlasting hills
upon which she is built. We can conf
IDENTIFY say to all who seek home, who
wish to engage in manufacturing, mer-
camille pursuits or vocation of whatsO-
ever nature, come to st. Paul; there is
room for you; health, happiness and
prosperity await you.