The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-28
BARGAINS IN CITY PROPERTY.

OF
ing the investment world the greatest g-edge bargains
in business lots in American municipal realty
The basis of realty value is population. Population
growth determines profit to the investor Comparison
of realty prices with ratios of population increase shows
the investor where the realty bargains exist and that
substantial basis ST Paul and Minneapolis open for the
spring realty market the greatest bargain in the
United States.
By way of courtesy to sister twin city, let us
consider her population claims first
During the late twentyyear period, 8So-1ooo, Min
neapols increased in population 1881 1872 per
In the twenty-year period the cities in the
100000 to 100000 class increased in population thus
Baltimore increased 176644, or So per cent
Buffalo increased I07,o85, I26 per cent.
Cincinnati increased 7o,763, "a per cent.
Cleveland increased 22I,622, or 1913 per cent.
Detroit increased I6o,364 or AS per cent.
Milwaukee increased I6o,6I3, I47 per cent.
New Orleans increased 7I,oI4, or 80 per cent.
Pittsburg increased 165227, or 156 per cent.
San Francisco increased IoS,823, or AZ per cent.
Washington, D. C., increased 13I425, or 80 per cent
The average population increase of these cities
of 100000 to 100000 population 1883; whereas
the increase for Minneapolis, city of 225ooo 1885,
83I In twenty years Minneapolis received $4,000 greater
population influx than Washington where realty prices
two to three times high and $4,000 than
San Francisco, where realty prices fully double those
of Minneapolis
The average percentage of population increase in the
above named large only per cent as COM
pared with 332 per cent for Mnneapolis-and yet the
highest priced business lots in Minneapolis are
only $1,000 to $500 per front foot compared with
$1,000 to $4,000 in cities of less population advance
Minneapolis offers great realty bargains far great
er than the realty specalties of the ten competitors
named there is city which offers still greater bar
gains and that is St Paul
ST Paul today tenders the investor for S. 500 to S.
per. front foot its finest business corners which in
Indianapolis, Kansas City and Seattle held $4,000
to $4,000; notwithstanding that St. Paul shows greater
foundation basis than either of its high priced compet-
tors.
From 1900 to 1000 St. Paul advanced in population
1852 or 2o3 per cent.
Other cities in the $4,000 class advanced in DoDu1a-
ton thus:
Providence increased 7o,74I 68 per cent.
Indianapolis increased o4Io8 or I25 per cent.
Kansas City increased Io7o67, 1914 per cent.
Rochester increased 1900, 81 per cent
St Pauls twenty-year increase, therefore, exceeded
that of Kansas City by 1925, of indianapolis by 278
of Rochester by 1888, and of Providence by 5o851
1t is perfectly apparent that the basis of such
prices and population comparison. ST. Paul estate
values long remain present figures In order
to keep down and prevent all boom" tendencies the
Twin Cities during the past five years have repressed
and suppressed all symptoms of speculative prices I'M
til business and population demands threaten to over
turn the market bears and lift prices to the normal
level of other cities 1t would be surprising Twin
City realty prices the best business properties walked
ahead so per the present season. with correspond
ing upft throughout the municipal limits