The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-04-01
REALIZING ON REALTY
RENTS ARE ADVANCING. AND
THERE ARE BUT FEW HOMES
NOW FOR SALE
PRICES ARE SATISFACTORY
One Dealer Claims That He Is Sell
'Tg More Farm Lands Than Dur
ing the Celebrated Room
Times.

Renting agencies are figuring upon the
annual exodus to the lake the first of next
month TO relieve, in a degree, at least,
the great scarcity of houses which now
exists. Many strangers from other cities
are coming to St Paul, and find it very
difficult to find a place to live. With
hardly an exception every habitable house
in the city is rented. The general adj
vance in rents referred to in the G l o b e
EeVerag weeks ago is being put into effect
Other cities are having the same expert
ence. Minneapolis, for instance, is crowd
ed, and houses are equally scarce over
there, and a corresponding advance has
been made in rents.
Just one month from today Is moving
day, and the month promises to keep
dealers in ST. Paul realty well occupied
during that time. A great many people
are contemplating the purchase of homes,
but as the supply of improved property
does not commence to satisfy the de-
mand they viii either have TO build or
continue to rent,
Were it not for the high price of build
ing material an epidemic of building
could be expected, but this will not be a
reality until the market either goes down
or those wanting homes are forced to
build which they will be within a short
time as the shortage in dwelling houses
is as real as 1t is apparent.
Inc American HOIST ana Der1ick COM
pany IS charging its plant on the West
side by putting in a new boiler and en-
CINE room and additional foundry facili-
ties.
Rumor has it that the St. Paul Gas
Light company is negotiating with
prominent local agency for a 200-foot lot
in the business section Of the city 1t Is
said that the company contemplates
building a new Office building and ware
house for its meters, supplies, etc.
A two-story brick store building is be-
ing put up on the corner of Arundel street
and University avenue, that will be
leased TO a grocery store and meat mar
ket. The present frame structure is be-
ing moved to an adjoining lot.
Riding on an interurban car GFob e
reporter counted five new houses being
built between Lexington and Western av-
enues. While there is nothing remark
able about this, in fact there should be
two score new houses built this year, it
is certainly a good indication and au-
gers well for the future. Were 1t not
for the high price Of all building ma
terials the carpenters hammer would be
heard from one end of the town to the
other
A. n. Barringer said:
There is no question that the Uni
versity avenue district, including all those
vacant lots that you see on the right
coming from Minneapolis on the electric
car, will be built up within the next few
years. A great deal OF property In that
section has changed hands lately, and
know several people who are going to
build as soon as building materials drop
a little in price. Prices are more salts
factory than heretofore, and the demand
IS 80 per cent better than sixty days ago.
In other words, the demand is greater
than the supply. 1t is more difficult to
find property for the purchaser than a
purchaser for property"
o. e. Dodge said:
I'VE are selling more farm lands than
during the boom People seem to have
the spring fever, and farm lands OF every
description are changing hands very rap
idly Business is increasing every month,
and the remarkable feature of the mar
ket is the amount of cash that is paid"
John II. Healey, one of the old-tine real
estate men, said yesterday:
when we stop to think of 1t, building
material and labor Is not higher than it
was here during good times A mechanic
then. received S2.75 per day and when the
season OF depression came on his earn.
ings were reduced quarter or a third
He is now getting the same figure as