St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-03
because times were hard and the mar
ket was awful dull. There were
A Few ShreXyd Men.

hCb WdS dWlul QuHs 1ucI0 WCLO
A Few Shreyyd Men,
however. who knew that it was the
very best time to bay, because prices
were at bedrock and it was only
natural that the city should grow. They
invested about all the money they could
scrape together, and today they are rich
men. The very same opportunity to
make big money in st. Paul realty IN
vestments presents itself to the shrewd
man today. Prices are now at bed
rock, land the city's prospects for growth
and prosperity were never brighter.
The former season of depression came
to an end in the spring of 1879. ana then
prices shot up rapidly. Property on
Fourth street below Jackson advanced
from 500 per front foot in the spring of
1879 to Sl20 on Jan. l, 1880. Since 1880 it
has advanced to about $1,000 per foot,
which shows that those who bought on
that street in 1879 have made about 100
per cent a year on their investment,
without calculating rentals. During
the year 1879 the prices of property in
West st. Paul advanced 100 per cent.
There Is every reason to bellows that
GI0 IOdl OSbdt0 VI % 10 W
be repeated. and that the repetition
will pegin just as soon as soon as the
financial stringency is alleviated. The
natural conditions for future growth of
the city are more favorable now than
they were in 1879. The population and
business of st. Paul
More Than TrebIed
during the decade of 1SSO-90, and It Is
absolutely safe to depend upon it being
doubled during the present decade.
With the population and business
doubled. the city will need and have
about double the number of buildings,
and if these extra structures are marked
on the present map of the city, it shows
picture of the city that is almost be-
yond the present imagination.
II. S. Fairchild, who by his many
years of experience is competent to
! judge the future, has taken the trouble
| to "bnild up" Jackson street on his map
| as he thinks will appear in 1900. He
| first eliminated all the one and two
| story structures that now stand
! on the lower end of the
street and then measured up the
frontage of the remaining buildings.
This he has doubled, to represent the
| building that he thinks will be done
| during the decade, and the result is that
his map of Jackson street for 1900 shows
it solidIy built up to Thirteenth street.
Mr.. Fairchild firmly believes that Rob-
| ert, Minnesota and Cedar streets. as well
as jackson, will be s0lidly built up to
| Thirteenth with substantial business
| blocks by 1900, and he thinks Wabasha
| street will build up as far as Rice street.
Any one who stops to think of the
building that was done during the last
decade will concede that Mr.. FairchiId's
calculations for the present decade are
decidedly conservative.
Real Estate Is Stable
Is is interesting to note that while the
real estate market is dull, all other lines
of trade exhibit greater degree of
inactivity. The bank clearances are
generally accepted as an index to the
condition of general trade, and Brad
streets report of August clearances
shows that only one city in sixty-five
made an increase over The correspond
ing month of last year. The American
Land and Title Registers statistics on
real estate transfers at thirtv-three
cities for August show increases over
the corresponding month of last year
at eleven cities. These facts indicate
that the real estate market IS not suffer
ing from the financial stringency pro-
pOrtionately as greatly as other markets
are.
Real estate certainly seems to be the
ideal investment for the vast amount OF
capital that is now locked up in safety
, deposit vaults aud hidden away. Stocks
and bonds may be rendered worthless
by the failure of the material interests
{ against which they are issued. Railroad
l and other securities may fail to pay
/ dividends and decline on the market
9 Tangible business assets may disappear