Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-11
REAL ESTATE.

The record of the real estate transactions
during the past week does not vary mucn
from the history of the preceding weeks.
The transactions foot up about sSoo'ooo'
which is slight increase over the sales OF
the preceding week. There is nothing about
the transfers 70 attract special atten-
ton. Prices are firm, and the
market is strong aud steady, with and mp
ward tendency. The ASSOCIATION formed a
week or two ago for the purpose buying land
and erecting stores and dwellings thereon,
was to have held a meeting yesterday, for. the
purpose of completing its organization, out
did not succeed as some OF the members were
not in the city. It VIII probably have meet
ing this week and organize, so a. TO be READY
TO go ito swork immediately; Inc
first thing il will do, probably, VIII De 10
buy property suitable for business purposes,
with view of erecting thereon business
houses, so as to have an income as soon as
possible The parties will buy for cash, and
sell on such time as seems most Judleious.
During the week, those who have been deal
ing in West st. Paul property seem to have
been particularly fortunate. Several trans
actions in that location have yielded good
profits. In one instance three individuals
purchased small tract, and sold less than
one quarter of it for more than all of it cost.
One of these parties had no money and put IN
nothing but his notes for his share, which he
took up with the proceeds of the sale, ard
now has for his profit one third Of the real
estate purchased, which has cost him really
nothing. Those dealing in real estate IN
West St. Paul are looking for still bigger
things when they get another bridge
across the river. They insist upon having
bridge that street railway can cross. When
they get this they expect a big boom in
property over there. The foundation walls
of c. T. Miller's block on the corner OF Sew
enth and Robert streets are about completed,
and work will probably be commenced TINS
week on the first story. The big block pelng
erected by MSsSerS. Merriam q wider on the
corner of Fifth and Sibley streets is progress
ing. The foundations are very solid and
are nearly completed. When finished it Will
be a very imposing structure. The p'llng for
the McQuillan block on Fourth street is go
ing in as fast as possible, but this Is slow
work and requires 3 good deal OF time. The
foundations for Shepard's five story block on
the corner of Third and Wacouta streets are
nearly completed. The masonry work on
this block is of very heavy character and
looks as though it would stand till the end
of time. The work on the capitol is
progressing very satisfactorily, and it is ap-
parently being well done. The block being
ing constructed by Mr.. Hermann Greye by the
remodeling and charging of the brick block,
on Fourth street, below CommoGore DaFlO-
sons block, is progressing, and large gang
of workmen is engaged In the work. The
Northern Pacific building, which is one OF
the heaviest pieces of masonryin ST. Paul, is
approaching the third story, and will,
when completed, be one of the best
blocks in the city. All the other business
blocks in the city are going along quite salts
factorily. AS to private dwellings there is no
END to them. They are springing up ali over
the city, and are OF all sizes and shapes. AL
though the number of buildings erected last
year was large, the indications are that the
number of buildings erected this year, IS well
as the amount of money invested, will be
somewhat larger than last year. notwith-
standing the fact that building material and
labor are higher. The business of the city and
the large increase of population demand
increased facilities for business and large
increase of dwelling houses, and both must
be supplied, Notwithstanding the increased
cost OF building. The solid prosperity of the
city'is indicated in thousand different ways,
and is a fact that impressed itself upon all the
delegates to the medical convention, ard
quite surprised them. There is no "boom,
but there is a solid, permanent, necessary
growth that forces itself right along in spite
of everything.