St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-20
IN REALTY CIRCLES.
Dealers Confident That There
Will Soon Be a Jump in
Prices.
The Movement Expected as
Soon as the Crops Have
Been Moved,
Is the Stringeney in the
Money Market Will Then
Be Lifted.
One More Industry Added to
the City's Growing
List.

AOiO 10 q vi Oplit-
Ton among business men that the North
west is just on the eve OF an era of great
prosperity. In all lines of trade the
same story is told; trade is reviving
the outlook was never better. All this
is going to have a stimulating effect
upon the realty values of st. Paul. They
are bound to go up, and better invest
ment could not be recommended. There
are many citizens who rue they ever
placed their money outside the city.
The realty of st. Paul would have
been a better Investment for
them. 1t is true there is not the daz-
sling inducements made by this city as
is done by other cities, but there Is this
about st. Paul, an Investment in prop
erty here is bound to pay itself in the
end. There is something substantial
about t4e city. 1t is no chimera. The
city does not exist upon mere booms, as
is evidenced from the fact that IN the
last four and half years $40, OOO, 900
have been expended in public improve
ments. AS a commercial center st.
Paul stands pre-eminent; the only thing
wanting to keep the city in the front
rank is more factories. Already a we'll
developed movement is under way
for the establishment of more manu-
factories. In time there is assuredly
no reason why st. Paul should not be as
strong manufacturing center as il now
Is so prominent in commercial circles.
The latest new Industry to be estab-
lished in st. Paul is that of the Central
Cloak company. This company recently
incorporated under the state laws, and
has now leased the building 100 East
fhi I'd street, for the purpose of manu-
'actnring cloaks, gowns, wrappers,
aists, etc. There will be a salesroOm
in this store below. This enterprise
will give employment to many who
need work, and should receive encour-
agement from all who have the best in
terests of st. Paul at heart. Travelling
statesmen will 90 on the road and so
licit orders, and the business will no
doubt be worked up to a profitable
basis. The new company will begin
operations as soon as the necessary re-
pairs can be made on the building.
1t is most reassuring to notice that
there are but few houses standing empty
in the city. 1t is true that there are
many vacant stores, but this is really
owing to the prevalent custom of erect
ing stores anywhere and everywhere,
regardless of whether they are needed
or not. In all large cities. and prosper
Gus cities, too, you will find hundreds of
vacant stores. The houses that are
renting best now are the brick tene-
ment buildings, renting for $50 to $50 a
month. Several such blocks have just
been completed on the hills, aud as
&c flnxy - 30.
The tenants were on hand.
There have not, the past week. been
any realty transfers of note. As stated
in this column two weeks ago. the
realty dealers do not look for any spe-
cial movement for some months. 1t
will take some time to get the crops
moved, and, as prominent business
man yesterday remarked: money will
be pretty light for sixty or ninety
days" Until then it is futile to look
for any decided splurge in the realty
market. Those who have the money
may quietly invest in special piece of
property, as on all hands it is generally
admitted that at present the prices of
st. Paul property are cheap. A
There will be a largely Increased
business in realty during the coming
year. A comparison of prices of st.
Paul realty and the many advantages
that this city possesses can only result
in favor ofSt. Paul. The permanent in
VeStment of large sums has been made
during time of exceptional qUietness
in the real estate market. so that the
purchaser to-day of property in this city
is guaranteed prices that are low and
that must certainly advance in the near
future, as prices have not been advanced
materially during the past four years,
during which time more attention has
been paid to building than investments
in real estate. Values have been well
maintained during the past few years,
and the fact that st. Paul is not boom
city, but one of solid and conservative
kind, makes me feel certain that the in
creased prosperity of the country at
large will be reflected in the advance in
price and increased sale of st. Paul real
estate"