The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-25

lions for more commodious quarters
Wnlcn many of them must have within a
snort time. Many of these houses have
outgfoWn their present quarters and have
IoT some time been trying to secure loca-
IONS Tor new buildings, but the more de-
Slraple locations are held at such a high
IlSure tnat none of the pending deals have
yet peen closed. In some instances of
ieIS nave been made by jobbers to lease
desirable property for period of ten or
more years, at a high rental.
arrangements were all made last year
3ol 1he erection Of a building to house a
local Jobbing firm, and plans for a build
ING TO cost between $500, geo and $500, 600
were drawn. An Eastern capitalist had
lhe building, but before the negotiations
We're closed a st. Paul banker informed
i ;ree Eastern capitalists that he was pay
ing TOO high a price for the ground on
Which the building was to be built and
me zeal fell through. 1t now looks as
lhopgh the Jobbers and wholesalers would
rTimai IN tnelr present quarters for the
present year at least. although some of
Ilenl are BADLY cramped for room, and
may M take steps to secure new locations
Desirable property for residence mr.
poses according to Mr.. Shepherd, prom
ises 70 De more active. in 1903 than it has
peen Tor many years.
~ -Four years ago. said Mr. SheDherd
mere mere We're vacant. houses and store
buildings In all parts of the city There
was no demand for them, and they could
- ~ ASACSO dl any price. Today, 1T is
Impossible to rent q store building In anv
1alrly decent location. All of these
houses which were vacant at that time.
ana thousands of Others which have since
been erected, aresnow2 occupied at a good
price. and there is a demand for hum
9aeds OF others. a demand which cannot
be suppned. Many more houses would
nave been built last year. but for the
high prices of labor and material but
eve SHen' st ne prevailing high prices, look
1or a pudding boom this year. The de-
r. fI,a e
pSopIe are willing to pay good prices for
Inem make such investments profitable
n ~ nus al the present time are from rs to
~ per cent higher than four wears ago
yet the demand is far greater than the
supply. >-''-' 'i4o
Flats Wanted for CoIored People.
one of the best investments that could
pe maze Is the erection of a modern
eam-heated apartment building to be
rented exclusively to colored persons An
apartment house of this kind Womb he
Welcomed by the better class of colored
people PEG 4 and could be filed with good pay
t fbe Grants eth from one, end of the year to
me other. 1t has always been a hard
mater for a colored person to rent, any
sGrL or decent home in this city, and
VINE titere are hundreds of colored fami-
tIes N OF. Pau4 who are able and willing
10 pay well for good accomnoJa tionSs
i rio4e are TO be had. If plans which are
now az, pelng considered do not fall through
an apartment house, modern in eyeTv
respect, will be built during the presenf
year in the locality west of the head Of
Hlce street and University avenue to be
o oe1o exclusively to the better class of
colored people. The plan is to erect "a q
large apartment house, modern in = e eve a
oeta1I, for which good rentals win he
1 Ciiatgsd. The situation has been can
tenants have been found who woIIid he ne
come patrons of such an enterprise The
hi Sag u while still in the air. prom
structure; , to be erected some time dn rrre
ing the present year, >---10 oui
"a An t, promising real estate, market
W 0dl many ST. Paul people are erecfine,
TTqbtttages Tor their summer. residences
I Ynls reS g, is becoming more popular eaci
la aI ID ana pe1ore spring contracts will be
let ior a large number of new Gotta pas
H ift,e oe is locations along this pretty