Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-17
REAL ESTATE.

REAL ESTATE.
Real estate transactions during the past
week have been very light indeed, and, &C
cording to the books of the register OF
deeds, the sum total amounts to $82,5OO
Notwithstanding the feeble showing there
has been very active and lively inquiry
for all kinds of property, but largely for
business lots. Another thing may be men,
more plentiful. A great many who have
been inquiring with the most earnestness
have been anxious to buy for cash, while
all desire to make larger cash payments
and give smaller mortgages than hereto
fore. This is observable among all the
real estate offices. There are unmistakable
indications that when the spring opens there
will be better demand for real estate in
st. Paul than has ever been known here
before. St. Paul has been behind all other
cities in the price of her realty and it has
been comparatively slow here in coming
up in value. Her turn has now come in a
certain degree. It is not at all likely
nor is it expected that we are to have what
is commonly called boom, where a TIC
titious value is placed on property, and
loud talk and great deal of falsehood is
INDUCED i'll to keep the price up. st. Paul
is too solid for that kind of nonsense. She
will in the Fl IRE, as she has in the past,
grow greater and stronger in spite OF her
self and without unusual exertions.
There is but little more that need be
added in regard to the subject. The tri-
angular piece of ground purchased few
weeks ago by Bartlett Presley, bounded by
Summit and Nelson avenues and Josette
street, for the purpose of erecting thereon
a residence and a row of tenement houses,
will after all be made into park. The
people around the vicinity of this piece of
ground have at last woke up to the import
ance of saving the spot for ornament.
The ground is peculiarly located and if
built upon as it was proposed to do by Mr..
Presley it would have been unpleasant for
the property fronting it, When the at
tention of the adjoining owners was called
to this fact they determined that if it was
possible they would save it and turn it into
park. They accordingly went to work
to see if an arrangement could be made
with Mr.. Presley so that he could relin-
quish his title 10 it, and sell 10 the people
for the purpose indicated above. There
was no trouble in this as Mr.. Presley very
readily sold the property to them for just
what he paid for it, about $4,000. The
gentlemen interested went right to work
to raise the money, and have obtained it
all except about thousand or twelve hun
dred dollars. It is probable that by this
time the whole $4,000 has been raised
Mr.. Kittson and D. W. Ingersoll each sub
scribed $4,000. Ross Nicols subscribed
$1,000, and the other members of the fami
ly subscribed $500 each. Other people on
the hill subscribed smaller sums so that il
is as good as settled that that little piece
of ground will be turned into breathing
place and beauty spot for all time to
come. 1t can be made into lovely
park. In mentioning above that
the people living around the piece
of ground did not desire to have it built
upon no reflection is intented upon Mr.
Presley, for he was intending to erect
thereon structures that, in themselves, would
have been an ornament TO any street OF
avenue. The objection was against any
buildings at all being put upon the
grounds.
The West st. Paul Cottage association is
doing big work in that part of this city.
1t has erected large number of dwelling
houses over there the past season and has
contracted to erect two hundred
and fifty more during the coming season.
The building societies are all fourishing,
and have no difficulty in loaning all the
money they have to parties, for the pur-
pose of constructing dwelling houses
The consequence is that the outskirts OF
the city are fast filling up with good
industrious, thrifty population. This is
one of the best indications in regard to the
growth of the city. 1t shows thrift and
solid prosperity that nothing less than an
earthquake can shake.