Daily globe., 1882-09-17
REAL ESTATE.

The real estate transactions TINS week
smonnt to S154.O15. This is somewhat
larger than those Of the. preceding WeeA'
and in this respect show some improve
ment. The quantity. however. OF the real
estate that is recorded as sold does not
fnlIv and completely show the real tone OF
the real estste msrket III st. Paul. In many
-rpsnects this market is unlike any other. 1t
: the coolest and most leyel-heaGed mar
ket that ever human eyes gaZed upon
Roth bayers and sellers are independent
One. .however.is not more independent than
the other. Those who have property to sell
are not urging it. while those who want to
buy stand ready TO take only such
property as they please, and
snap at nothing. The consequence is that
nrices are reasonable and nothing is bought
and sold except residence property for i'm
mediate use or business property, for
the same purpose. or because it is offered
at reasonable figures. There never was q
more cool, indifferent. solid market than
the real estate market of St.Paul is to-day.
1t cannot be made to boom, and it cannot
be hurried.
The same amount of building is going
on that has frequently been noticed in
these colums,and all the mechanics are en-
pioyed that can be obtained
10 hurry forward the work of
building. There is vast amount Of 1t in
hand and inconpleted, and all who are
constructing buildings are ctraining every
nerve to get everything under cover that
can be placed II that condition, as soon as
possible. AS illustration it may be stated
that Mr.. E. F. Drake has ordered elyctric
lights. so that be can keep two
gangs of men at work on his Third street
building, one at night and the other during
the day. He can't get his block up too
soon. for it IS badly needed. as are all the
others in process Of construction. There
never was such a time in the history OF St.
Paul as there is at present. It is q matter
OF record and fact that men from the East
are in this city ready and anxious to go
into business who cannot get suitable
buildings at any price. They cannot be
had and the inquiry is often made as to
what has become of that company or cor
poration that was formed few months
ago for the ostensible purpose OF
erecting business blocks for
the purpose Of renting TO those who should
desire to engage IN business. So far this
corporation has done nothing at all, and
yet men of capital are in st. Paul to-day
anxious to engage IL business here, bat
cannot do so for the want OF suitable build
ings. As soon as shovel is stuck in
the ground applications are made
10 rent the prospective block, only to find
that it is already taken. Gentlemen repre-
senting FIVE different firms, engaged in
five different kinds OF business were in ST.
Paul last week and ransacked the whole
town, in company with gentlemen IL this
city for the purpose of finding buildings,
and not one could be obtained, though
handsome bonuses were offered for leases.
This is solid fact. Il is admitted that it
Is the old story and this is not the first
time it has been told in these columns !;
still it is none the less disegreeable, and
ought to be met with remedy. There is
wealth enough, and energy enough i'll ST..
Paul to apply the remedy and that, too,
quickly, but will it be done?
The demand for residences is just as
great, and the same difficulty exists here
as exists in regard to business blocks.
On a good many of the side streets the
business blocks are being run up two
stories higher in order to accommodate
people who want rooms, and as long as
there is a lack of hotel accommodations,
and residence property, at rea-
-sonable rents. this way of
constructing buildings will be profitable,
Some time ago the harvester works in
creased its capital stock from 100000 to
$1,OO0.OOO. 1t has now been increased to
$2.000.000. and it is understood that the
Northwestern Car company has taken
S5OOOO0 of the stock. Just what is meant
by this movement has not transpired. The
week is that of lots 5, 6, and 8, the same
being the whole of that part of the block
facing on Third street between Willius and
Locust streets, for $4,000. The transfer
was made by Geo. G. Squires, as the repre-
sentative of the Geo. B. Warren estate. to
j. L. Forepaugh. The following are the
recorded sales for the week:
Adelina III. Ramsey to John w. Fallihe,
lots 16 to 19, block OF H. NJ. Ramsey's
subdivision, $1.719.
Elizabeth Gale to Caroline E. Merrick,
w. of N. E. of Sec. 90, town 80, range
90, $500.
Louis Herman to r. n. Cardozo, lot 16,
block 81 of Lyman Dayton's addition,
$1,150.
j. f. Eiesmenger to Charles Moore, S.
E. a of s. w. 4, Sec. 81, town 90, range
%, $4,000.
Clara Woolworth to David J. Eennesy,
lots and 8. block 20 OF Robert & Randall's
addition, $4,000.
Charles E. Linwood to John G. Maxwell,
lot 19, block 13 of Holcombe's addition,
$3.50.
Henry Fl. Palmer to William L. Quinn
lot 4, block -, Olivier's addition to West
st. Paul, $1,000.
John F. E. Steen to Andrew r. Kiefer,
lot 30, block 3 of HilFs addition, $500.
William II. Webb to Gustaf A. Damberg.
S. E. a of N. w. See. 90. town 90, range
22, $1,000.
Robert ID ouiC 70 n