The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-08-30
Increasing Business With the
Globe Increases Business
for Business Men.
SUNDAY, AUGUST 80, 1903.
AN OPENING FOR CAPITAL.

Capital can find plenty of remunera-
tive employment in st. Paul at this
moment in an absolutely safe invest
ment that will yield comfortable re-
portunity so inviting will remain long
unimproved. For capital everywhere
has been scared out of investment in
securities by the assault that has been
made on great enterprises. Not IN
til it has been ascertained whether
these are to be treated as felons will
stock and bond values return to the
normal Meantime, there is just as
and a greater share of it than usual is
unemployed.
These are the periods when, as a
rule, real estate sales are most nu-
merous and building operations liveli-
est. Money must have occupation.
Except in times of universal distrust
remain idle. And when, as now, under
the threat of no one knows what legal
complications to affect all the greatest
properties lin the country, investment
in securities has practically ceased,
and the people will have nothing to do
even with properties which are prac-
tically their own, capital, still proceed
ing from industry and still anxious to
be earning something, will seek for a
field. 1t finds one in the purchase and
Improvement of real estate
The conditions prevailing in st. Paul
at this time are ideal for the purpose
of attracting the capitalist. The prices
of city property have advanced but
little. Real estate is still abnormalIy
low, not having recovered from the
shock of years ago. AT the same time
rents are high and are advancing. An
article In our local columns shows how
this tendency has affected all classes
of our people. From the man who
works for day wages to the man with
an independent income, all, unless
owning their own houses, have found
their rents increased. 1t is a salts
factory evidence of st. Paurs growing
prosperity, but it will also act as a
check upon that growth unless condi-
tons can be changed.
Plenty of small houses at moderate
rentals make more for the increase of
population and business than anything
else There is a woeful lack of them
now. Those who are fortunate enough
10 be housed must pay advanced rents.
The agencies are besieged with appi
cations. One manufacturing concern
which has small building near it's
plant that it uses as a store room has
been begged day after day by house
hunters to permit them to occupy it. or
the vacant rooms in it, at any reason
able rental The demand has not been
for many years SO large or so steady.
Capital ought to ask nothing better
than this opening. Cheap land and
high rents promise it big returns.
Nothing con be more certain than that
vacant property obtained at the pres
ent time and so improved will return a
libeSal rate of profit for years to come.
Nothing can be more certain than that,
at the present rate of growth of the
city, and considering the very mod
crate prices now asked for all kinds of
property, the natural increase in values
of all such holdings, apart from their
rent returns, will be very handsome in
the near future.
Everything unites to invite and en-
courage the investment of capital in
st. Paul in the purchase and improve
ment of real aestate. And capital is
looking about it for such opportunities.
Demand and supply ought to get to-