Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-25
REAL ESTATE.

Remains Firm and Solid, with Healthy
Tone and Great Promise for the Flu.
ture.
AS the season progresses the real estate
market continues firm and solid, but presents
no particular feature of special importance
The transactions for the week foot up $212,-
600, which is 1914, 900 over last week. This does
not embrace the sale of the Heath
er place few days ago for
S2S,500, by Mr.. Kavanagh, at auction,
Nor the McCargan block for sS7, 900. The
deeds for these places have not yet been
placed on record and of course are not included.
OF the condition of the market, all 'that can
be said is to repeat what has been said hereto
fore. 1t is firm, strong and healthy, with a
fair demand, mostly for properties for i'm
provement, either for business or homes.
There is the same absence of a speculative
feeling that there has been all along, and this
is the remarkable characteristic of the market
this season, and it is one that puzzles
people a good deal; The growth
of the city is so solid, SO
substantial, and so unchangeably improving
and prosperous that one would naturally look
for a boom, and that is what has been looked
for, but it does not come. This surprises
people. In many other cities all around St.
Paul, even up to Winnipeg, the boom has
been entertained. But st. Paul has been given
the go-by. With the exception of few streets
in the hottest part of the business portions of
the city, and on a few of the avenues on St.
Anthony hill, in the choice residence portion
of the city, property is not high, but stands at
fair and reasonable figures, and this too is the
case in the face of great deal more building
than has ever been done here during any pre-
AM cvnnH nrny,nrty in fha aifu
that's offered at reasonable rates can find
purchaser, and in many cases people want to
nav cash. The condition o! the market ex-
cites the surprise of all. With the prospects
of st. Paul, her money, her position, her
broad, solid, wholesome growth in view, it is
surprising that people do not have their heads
turned and become crazy on real
estate. Considering all the tempta..
tions to boom, one wonders that
the real estate market is as level-headed as it
is. In respect to the matter of building little
can be added to what has heretofore been said.
All the heavy structures that are going up are
as far along as could be expected at this
season of the year, and are progressing as
rapidly as is to be expected, and probably
most, if not all, of them will be under cover
by the time the winter season sets in SO that
work on the interior can be proceeded with
during the cold months. Additions are
being made to the city in all directions
and new territory is being continually
brought into the market. The new
building corporations organized for
the purpose of aiding people in building
dwelling houses and erecting business blocks
are giving aid in the right direction. The one
in West st. Paul especially is doing good
work. The fundamental idea OF the organiza-
lots and houses, to be paid for in
monthly installments of about SIG per month.
Heretofore other organizations have required
that the applicant for loan should own the
lot. In this organization he is not required
to own the lot but gets that on the same
terms that he does the house and
pays for it in in the same way. This is
much easier and more convenient for the poor
man who has no money to pay for a lot with.
This new organization is consequently doing
8 rushing business.
NEW TERRITORY.
The legislature by special act has provided
for the opening and grading of Park avenue,
from the west line of Como park to the west
line of Ramsey county, and it is expected that
Hennepin county will from that point con-
tinue the avenue to the city of Minnea polls.
When that is done land itishould be
township authorities continue the
road now opend beyond Como park
southerly along the west line of the park to
intersect University avenue in front of Kilt
sons stables, and steps toward which have
already been taken) it will open up some of
the handsomest territory adjacent to the city
It would make another and very popular drive
and will make the most direct carriage drive,
with Como Park village recently plated by
Col. James b. Davidson. By the way in our
rounds after real estate news yesterday we
learned that number Of applications are al
ready on file for choice lots in the new village.
Sales have been delayed on account of pressure
of work, which has kept the engineers from
getting the lot stakes in on the new plat. It
promises! however, by fall to be a .'boom-
ingsuburb'' of the future great city.
The following are the transfers recorded dur
ing the week in the reg is er OF deedsE office for
the week:
Howard Hill to Charles Passavant, lot 16,
block Q, Borup s. Payne's addition, s2,7eO.
Horace P. Rugg to W. A. Field, lot 5, block
5, Rugg's addition, Sl25.
Horace P. Rugg to W. s. Collins, lot block
5, Rugg's addition, $lS5.
Anna Nj. Rice to Patrick Conley, lot 16,
block 6, Edmund Rice's third addition, $500.
Eric Dahlberg to Johannes G. Johanson,
acre of N. e. d of n. e. Il of section IA,
town 80, range ~, $1,000.
Joseph Breg to Chas. F. Rapp, part of lot 6,
blocks Rice & Irvine's addition, So, 900.
Horace P. Rugg to Robert A. Smith, lots 8
and 4, block 6, Rugg's addition, $3.50.
o. s. burlington to Mary g. Finch, lots 15
and 16, block 2, Terrace park addition, $500.
c. Anna Bryant to Nicholas McAfee, lots 5
to 10, block %, Summit Park addition, 81 800.
HCaroline Schurmeier to Henry Callaghan, Hot
9, block 80, Arlington Hills addition, $3.50.
William Dawson to Frederick Rtx, lot z,
block 16, of Smiths subdivision of Stinson's
division, 1928.
Joseph D. Rose to Simon Jacob, lots S and
9, block 8, Hll's addition, ST. 0o.
Herman Gall to Wilhelm Bahr, lot ii, block
2, of Michel's sub division of northwest quar-
fer section SO, township 80, range %, $500.
Thomas L. Grace to Joseph Zlckmund, lot
6, block 3, Willis addition, $500.
Lyman D. Hodge to William Funk, lots Is
and 10, block 81 of Lyman Dayton's addition,
5000.
William Dawson to 8. J. Hall, lot "a, block
4, Terry's addition, $780,
Joseph Silk to II. 8. Fairchild, lots 8, 4, 5,
6,7, 20, 81, %, 81, %, 80, As, 46 and47, block
80, Stinson, Brown d Ramsey's addition $3.50.
Caroline Schurmeier TO Charles Grewe, part
of lots and 2, block of Whitney & Smiths
addition, S7,750.
B. J. Hult to j. j. McCardy, lot 4, block 16,
in Smiths subdivision of Stinson's division,
$3.50.
William Dawson to E. D. Mcdonald, lots IL
and IL, block 1, Terry's addition, $500.
William Dawson to j. w. billiard, lot TO-,
block 81, Terry's addition, $3.50.
William Dawson to j. G. Wilson, lot II,
block 8, Terry's addition, $3.50.