The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-04

ports demand for farm property DISK.
His firm has located number of Iowa
farmers who operated farms for years
on shares in Minnesota and North Da-
kota, on land that they call their own.
1T is much cheaper to buy Minnesota and
Dakota land" said Mr. Searle, than 1t
is to rent on shares. Many Iowa people
are discovering this, and the rush to
Minnesota has resulted. don't say they
are coming in carloads, but If the de-
mand keeps increasing agricultural land
will go much higher than it is now
1.-THE country is prospecting. Mechanics,
laborers and all classes of labor have
been well employed during the winter"
said II. S. Fairchild, the veteran real es-
tate man. And it is safe to predict that
we will see a great deal of building this
spring. The accommodations of the work
ing people Will go into homes, and their
financial condition has not been better
than now since the hard times. Some
have, however, postponed building, ow-
ing to the very high price of all building
materials and labor, but this will only
drive the business along another channel,
although not perhaps as desirable. The
difference in the cost of a house already
built and one built to suit the taste is so
great this year that many will content
themselves with a house and lot that
some one else has owned Indeed you
can still buy q house and lot for about
what 1t would cost to build the house at
the present time.
There is every indication that more
activity will be recorded in St Paul real
estate this spring than for some time"
THE fact that 1t costs 40 to 80 per cent
more to build q house now than a year
ago does not have as great a dampeIiing
effect upon building as might be sup
posed" said Aid. Shepard. "Of course,
houses are in greater demand and this,
or course, Is not of benefit to unim-
proved property. When the season opens
up l think we can look for some sub
stantial building improvements In ST.
Paul. Our business is chiefly confined
to renting. We have but few houses to
offer for rent and these are nearly all
large buildings. Nearly every small
house in town is occupied.
w A. Hammond, of Campbell & Ham
mcnd, said: More inquiries are received
from working people wanting to buy
homes than previously. There is no in
clination to pay fancy prices, but the
market is better than it was last fall, and
owners are holding, many of them for
better prices. We hear on every hand
complaint of the high price of building
material, but this, of course creates a
greater demand for houses already built.
j. l. Farley looks for much better times
In the real estate market. He said: 1.-The
condition of the country is improved.
Minnesota has doubled Its population
within q comparatively few years, the
city has improved and the next thing we
can look for is better demand and better
prices for real estate. l do not look for
a boom this spring, but the outlook is
altogether good and we have every rea-
son for encouragement. Our commercial
interests have prospered, and with the
| exception of three or four years there has
been very little life in the market for real
property here. For this reason believe
that the time is near when things Will
brighten up. Industrial stocks are very
high and III a position where conserva-
tive spectators will regard them as dam
gerous Real estate is low, but not AZ
| low as it was a year ago, and more so
| than it will be a year hence. l believe
! that considerable will be invested in st.
! Paul real estate this year for specula-
! ton"