Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-29
REAL ESTATE.
CONTINUED 1CTITITY IN THE
MARKET GENERALLY.
Some Salient Points in the Demand-Busi-
ness Property Bringing High Prices-The
New Hotel-The MISUNDERSTANDING
Sales-The Transactions.

The week which closes the month of
April has been marked by no specially
large or important transactions, but there
has been steady and healthful inquiry
and number of transactions, almost all
of which are for actual improvement.
The people who are without homes wisely
decided that the way to get them is to buy
a lot and build, and a large number have
availed themselves of the present cheap
prices for suburban lots.
The fact is apparent that while eligible
building sites can be secured within from
a mile and a half to two miles of the bust
| ness center for a few hundred dollars a
man cannot afford to go on paying the
present rentals.
A large number of clerks, salaried en-
ployes and laboring men have made this
discovery and are looking about to buy
lot and build for themselves. This &C
counts for the large number of transfers
where the consideration is less than one
thousand dollars. The Seventh street via
| duct, now assured has turned the attention
of investors to Dayton's bluff and vacant
| lots and acres on East Seventh street and
the territory contiguous to that thorough
| fare. Whenever the street car company
lays a track across onto Dayton's Bluff
it will produce boom similar to that
which has already taken place on st. An
| thony hill and which extends all the way
out to the Short line crossing of Saint Clair
street and Summit avenue. A large num-
Der of strangers have arrived and are care
fully posting themselves as to the pros
| poets, and looking out for those invest
ments that will make the quickest and
| largest returns.
The building season has fully opened
and several large structures are being
pushed forward with great vigor. One of
the stone piers of the new block corner of
Cedar and Fourth streets was completed
last evening and attracted the attention of
all passers by. It is very handsome stone,
and the block when completed will be one
of the handsomest in the city. The masons
at work on the new Opera house are push
ing all around the square with the foun-
dation and when this work, which is neces-
sarily slow, is completed, a large force can
then be put on and the walls will grow up
like magic
The subject of securing smelling works
here is again being agitated, since the
| mines on the north shore of Lake Superior,
and on Lake of the Woods, and in Mon
tana, and along the line of the Northern
Pacific are developing so rapidly and are
proving so immensely profitable. Stocks
| that were dull at fifteen cents per share
three months ago are now selling at one
dollar per share. The new town of Liv-
ingston is pu'l ling hard to secure the con-
centrators, reduction and smelling works
Some of the parties in interest are anxious
| to place works suitable for reducing and
concentrating the ores at Livingston, and
the smelling works in st. Paul. If this
| programme can be carried out twill be
grand thing for this city and st. Paul will
come to occupy the same relative position
in reference to the mining regions and
interests that Denver and Omaha now
| occupy. Her real estate would
become desirable and would be
as much benefited thereby as
by any one of the large projects now
under discussion.
With uuequaled railroad facilities, with
new opera house, new court house, new
state capitol, new and mammoth hotel, new
depets, new rolling mill, new foundry, new
colleges, and new and enterprising pop
ulation pouring in on every train, this city
will make a spring forward this year that
will astonish all who visit the Northwest
Every indication points to busy and very
active trade in realty in May and June.
MEssRs. FAIRcHILD & DAVIDSON.
who, from the impossibility of getting any
other Office, have remained in the law Office
formerly occupied by Col. Davidson, will
remove into Few and elegant quarters, No.
334 Jackson street, on May 1. Their office
is the front of the second store from the
corner, and as quickly as possible will be
put into shape to accommodate the grow
ing business of this enterprising firm.
| They have listed with them vast amount
of property, worth over $1,OOOO0O,
and they speak confidently
of being able to sell all of it, and perhaps
more, by midsummer. They have some
lots on their lists which they have sold al
ready at least twice since January 1st
and they expect to see all their old and
many new customers in their new Office az
ter May 1st.
THE NEW HOTEL
project oughtsto be assured by o'clock
| tomorrow evening. The contract Within.
Ryan allowed the committee till May 1st to
secure the requisite bonus. Many citizens
have subscribed literally, while others have
declined to put down anything. We pre-
sumo the committee in dne time will make
their report and we hope the efforts that
have been put forth so unselishly by a
number of the leading business men to Sc.
cure the requisite bonus may be crowned
with success.
If the project fails it will be owing TO
the selfshness of some citizens who are
amply able but who have refused to con-
tribute cent to this most worthy enter
| prise.
THE BOULEVARD.
No new developments have transpired
in regard to the proposed new boulevard