The Sun.
London, England, 1869-10-09 00:00:00

Lion of their permanent elevators on Minnesota Point.
The dredging of the harbour on the bay side of the main
channel to be commenced immediately, and the con-
struction of the breakwater for the outer harbour on the
lake as soon as practicable. Large amounts of additional
land and water front have been secured by the Railroad
Company on the Lake and Bay side of Minnesota Point,
for the purpose of affording adequate facilities to the
Northern Pacific Railroad should they decide to make
Duluth their terminus. The Railroad Company have made
arrangements with the contractors at this end of the line,
by which the construction will hereafter be under their
control, and will increase the force to 1,500 men, with the
determination to finish the road to Fond-du-lac by the let
of November next. Two locomotives and iron for fifty
miles of track will be delivered here before the close of
navigation. From the energy and determination displayed
there is every reason to expect the road to be finished by
June 1, 1870. This decided action on the part of the rail-
road officials has given great impetus to real estate opera-
tions, and has had an immediate effect upon the prices of
property throughout the town. Lots on West Superior-
street have advanced from $5OO to $1,500 each, and heavy
sales have been made. Some forty lots in various localities
have been sold during the past week at advanced rates,
nearly all with building conditious. Telegraph poles are
set to within a shoat distance of town, and the wires will
bo ready for business during the month of Septa mber
Since our last circular forty houses have been erected.
The Episcopal Church has been enclosed, and will bo
ready for occupancy during the fall and winter. The largo
hotel, which will accommodate 200 guests, is rapidly ap-
proaching completion. The second hotel, the Bay-View
House, is progressing, and will be finished during Septem-
ber. Several substantial stores are under contract,
and appearances now indicate that a large number of
buildings will be erected this fall. Mechanics of all
kinds are in great demand, and command from
$3.00 to $5.00 per day. Common labourers from $2.00 to
$2.50. Oar merchants are all doing a good cash business.
The disbursing of over $lOO,OOO per month, mostly for
labour, by the railroad company and individuals, makes
money quite plenty. Two lots on Superior-street, corner
of Third-avenue East, sold last week for $4,700 cash,
$2,350 each. This is the highest price lots have yet
reached. Wo quote lots on Superior-street at froinslt2oo
to $2,000 each. First--treet, $6OO to Sl,lOO. becoad-
- street, $4OO to $BOO. Third-street, $350 to sooo. Fourth
and Fifth streets, $2OO to $4OO. Sixth and Seventh streets,
$2OO to $3OO. Our population has not increased much dur-
ing the past month. We estimate it now at 1,100. Agri-
cultural lands are receiving much attention. Homesteads
are located daily. We would sum up by saying that every-
thing has a look of greater firmness and stability than at
any time since our arrival here.—Yours respectfully, GEo.
B. SARGENT."

The Lake Superior and Mississippi Railway has re-
ceived a large grant of land from the United States
Government and the State of Minnesota—in all
some 2,000,000 acres ; and arrangements are to be
made this winter with the representative in London
of the railway and land interest in Minnesota to
give every facility, upon the opening of spring, to
ntendingem igrants of every degree.