Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-26
REAL ESTATE.

Building Atania Extending-A New
Bank-West st. Paul Booming-Brick-
Ma'Sing-The Transfers of the Week.
The real estate transactions of the week
foot up at S205,0o0 according to the rec
ord. The week has not been noticeable for
anything striking by way of transfers or
particularly large sales. Prices are very
firm and so are holders. All good proper
ty is in demand, and the hunters after soft
snaps are as numerous as ever.
The building mania is extending out
upon Dayton's bluff, over into West st.
Paul and far out upon st. Anthony hill
and there seems to be no end to the desire
to build. While private dwelling houses
are going up in the localities referred to
the heavy business blocks are multiplying
rapidly in lower town. There is not
enough of the latter structures. This will
be demonstrated when the Northern Pa.
cifc road is completed through to the 9th
er side of the continent.
Some weeks ago the GLOBE pub
lished the statement that Walter
Mann was about to start bank,
with capital of 100000. The report
was correct then, but would not be at the
present time. Mr.. Mann recognizes that
this community wants much more capital
than it now has. He has therefore ar
ranged for opening bank in the David
son block, corner of Fourth and Jackson
streets, with capital of. $1,0O0,OO0. He
expects to have his bank i'll running order
by the 1st of May.
One of the most important transactions
during the week was the sale of William
Dawson to Messrs. McAffee and Scribner,
of block 90, Lyman Dayton's addition, for
$4,000. This block is located just be-
yond the st. Paul & Duluth depot, at the
foot of Third street, and between Third
and Fourth streets. It is understood that
both parties intend to improve the
block Immediately, by erect
ing thereon foundry and
a building suitable for the work they are
engaged in, their present location on
Sibley street being altogether too limited
for them.
Gen. Stimson, who has been in St. Paul
for some time, left last night for Chicago.
He has disposed of large amounts Of
property here during that time.
West st. Paul claims that it now has not
less then 5000 inhabitants. 1t has in
creased very rapidly during the past year,
and promises to increase still more for the
year to come. Building has been going
on there both on the flats and on the high
lands quite rapidly.
Dayton's bluff, too, has been coming into
good deal of prominence lately, and
property on that noble bluff is becoming
more and more valuable day by day.
The manufacture of brick is coming to
be very important in st. Paul. Mr.. Mey-
ers, in West st. Paul, is running three diff
ferent yards. Jaeger Bros, who formerly
operated one yard out on the Hudson road,
now run four yards on Dayton's. There is
no good reason why pressed brick should
not be pushed forward in St. Paul.
Qnite large transaction in The real es-
tate is on the way, and will probably be
completed some time during the present
week.
trust deed from the Minneapolis &
st. Louis Railway company to the G entral
Trust company of New York, to secure the
payment of loan of S4,o00,0G0, was fled
in the Office OF the register of deeds yester-
day. The bonds of the road are to be is
sued in two series, each of &2,000,000, and
AL of the first issue must be sold before
any of the second series are issued. To
secure this the whole road is mortgaged,
and all its equipment, chooses in action
all its extensions, structures, rolling stock,
and franchises. The deed is executed by
R. R. Gable, president of the
Minneapolis g. st. Louis road;
Joseph Gaskell, secretary Of same road: :
H. F. Spaulding, president of the Trust
company, and G. II. p. Babcock, secretary
of the same company, in Cook county,
Illinois, on the 10Th day of October,
1882.