St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-16
WHAT DOES IT MEAN?
The Great Crop and the Adj
vance in December
Wheat.
]. ". Fallihee Unbosoms Him.
self on Many Pertinent
Points.
st. Paul Has d Great 0ppor-
tunity of Forging to the
Front.
A United Effort on the Part Of
Citizens All That Is Re-
CURED.

have set realty dealers thinking. If
there is TO be any business done. now Is
the time to inaugurate the movement.
Thete must be no sitting idly down and
allowing the opportunity TO pass by. If
St. Paul is to take another step forward,
its citizens must combine and press for
ward its claims. December wheat was
YESTERDAY quoted at 81 .0S in Chicago,
and J. ". Fallihee, of Fallihee IL Snow,
spoke of the outlook in this light:
What 81 .0S fOrDecember wheat. w hat
does this mean? 1t means prosperity to
the golden Northwest. 1t means money,
and plenty of it, to every person III the
DakOtas and Minnesota; 170.000,000
bushels of wheat will be threshed in the
DakOtas and Minnesota this fall; Sl.0S
Per bushtt means for the 125,G000 900
bushels we have to sell, S155, 900
cold, hard American dollars poured
into the pockets of the business men OF
St. Paul from that one source alone;
El.OS! That means that we have a
country capable of feeding the famine
stricken people of Europe. 1t means
that we will furnish three-fourthS of
The wheat exported from the United
States. 1t means that our uDdeyeloped
and unlimited resources will be adver-
Used to the civilized world III such
manner as to make our name house
hold word with the farmers OF the world.
st means that the tide OF emigration
Will set in the coming winter and spring
with rush that will tax the capacity OF
the transatlantic steamship lines. 1t
means that the class of emigrants will
be Of the industrious and intelligent
order.
With fOur-fifthS of our one hundred
and Seyeuty-fye millions of broad acres
as vet untouched, we have plenty OF
room for them. 1t means that the sun
does not shine on another country OF
equal area, capable of satisfying every
eXpectatiOn to the extent that this does.
This emigration which will come tOuS
means an enormous increase III our Job
bing business. new houses in nearly
every line will spring up, new manu-
featuring enterprises Will locate with
Us and give our people employment.
These people must have houses. This
surplus money must find investment.
ST. Paul realty is cheap.
This is 10 paper townslte-no flag
station. We are in it to stay. An EN-
pire pays us tribute. Our trade limit
on the west is the Pacific ocean. Nature
has done much for Us. Our city IS the
beauty spot of Minnesota; our trans
pOrtatiOn facilities aie the best: our
climate the mortality tables show to be
the best Oh the continent; our material
growth is shown by the fact that during
the past four years, with quiet tlmes.We
have put in buildings alone SO, 000, 600;
our streets are well paved; our water
the purest. The prices at which our
real estate is held makes investing i'll 1t
now like betting on Il sure thing. Those
who have but little money can secure
Of If
purchase price. with easy terms on the
balance. Now is the time to buy, be
fore the sharp advance which is sure TO
come takes place"
A vlsitor-an Eastern man-in the
city the past week, speaking in refer
ence to the realty of St. Paul, said:
From a careful examination of
values of real estate in st. Paul, Du-
luth, Minneapolis. Kansas City, Council
Bluffs, Denver, Omaha and many other
cities. | am of the opinion that your
values are too low on all business
property: in many cases this applies to
residence property, which IS away be-
low many of the cities l lave visited.
Corners in the business districts Of ST.
Paul now held at $1,000 a foot, sim
ilarly situated in several of the cities
mentioned, would be considered cheap
at from 81 500 to 81 GOO a foot. Some
DeopIe do not seem to appreciate
the immense resources backing this
city-yOur wonderful building. manu-
featuring and jobbing trade. Besides,
the increase in population is remark
able, but the country tributary TO st.
Paul is developing faster than you seem
to have any idea of. This very failure
to appreciate the advantages of the sit
nation and development has had the
effect Of keeping your values down. An
advance must take place at once, and
when it starts the property now held so
firmly by It's present proprietcrs will be
transferred to new capitalists. The
money thus put into circulation viii OF
necessity stay in ST. Paul TO great eX-
lent Some of it Will be put into manu-
featuring, some into mercantile bust
ness. and a great deal into new invest
ments and improvements. / know that
prODerty is not transferring rapidly in
st. Paul Just at present, but look at
your building record.
Thousands upon thousands of dol
lars are going INTO houses and business
blocks. In population and wealth there
are several cities ahead of you. As
favorable money market is now open
to yOu as to any city in the country.
Your city bonds are taken as fast as
they are offered. and a bonus is will
ingly given for them. Money is Dlenti-
full for all classes Of mortgage loans.
Interest is being lowered, and to-day
there is more money offered in st. Paul
than can be loaned. | want TO say, as
an outsider, that, in my opinion. your
prospects are the brightest of any
city that / know of. You have no
boom at present, and you don't want
to have. but you are Striding ahead in a
way that will soon place yOu in the
front rank of the cities Of the United
States. When you 90 down East to
visit your friends and acquaintance.
g0u viii not be asked if the Indians
bother you much now. You should ad-
yertise your city more; let the people of
tie East know you and remove the
doubts in their minds as to your size
and possibilities. If st. Paul people
had spent as much money advertising
the city as Portland, Tacoma and some
Of those cities have, you would have a
bigger city than you have now. In all
my travels, which have been very ex-
tensive. | have never come across a city
that strikes me as having the appear
ance Of solid prosperity and brilliant
prospects for the future of st. Paul.
Building Permits.
John CkOr ll9-stOrv frame residence