Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-26
THE NEW MARKET.

| Auct1onerinG Off the Store ROOmS-Eive
J Year Leases Going at q Bonus-$2O5 the
Hihhest Bonus Paid-Not a Very Spirited
Affair.
Yesterday morning at 10 o'clock, the
time set for selling the rooms in the Mar
ket house, only moderate crowd of peo-
pie had gathered, among whom were P. T.
Kavanagh, the auctioneer, w. P. Murray,
the city attorney, Aid. Starkey, City Clerk
Prendergrast and Aid. OConnor. The
crowd was not a very anxious one, appar-
antly. Bidding was very slow and dis
position was manifested all the way through
to decry the value of the stalls and gener-
ally to underrate the chances of business.
1t was the general statement all
around that the price put upon all the
apartments was very low indeed, and espe-
cially in view of the fact that the lease was
for five years. Yet, notwithstanding the
fact that all outsiders, that is, persons NOT
intending to invest, but people who went
there to see how matters were gong, and
who had no pecuniary interest whatever in
the result, expressed the opinion that the
price was very low, there was but little in
clination to bid, Somehow it appeared
as though there was purpose in holding
back. The report was even circulated
through the crowd that the butchers had
determined not to make any bids on the
stalls.
THE SALE.
After Mr.. Kavanagh had read the ordi-
nance which fixed the prices on the differ
pnf rooms and aynJoioad tbof Tho Iao.a
would be for five years, and that the bonus
would be added right to the price fixed by
the ordinance and constitute part of the
rent which would be payable quarterly in
advance, the first room was put up at auc-
ton. This was room No. / in the north
west corner of the building on the St.Peter
street side. The price fixed on that by the
ed as by all odds the best room in the
building. From $500 it went to 500 after
considerable effort. Then SO was reluct-
antly added. Then S.. Then SIS more.
After another long lull it jumped to $50.
Then to $55. Then to $780, After another
long wait it went $40 better, and reached
$500, and then went to $3.50, when it was
No. 4 was a butcher stall and was the
second room put up, but there was no one
that wanted it, and it was accordingly
withdrawn, not bid being received.
The next room put up was the next
best one in the building, and is located on
the southeast corner of Wabashaw and
Seventh streets. The ordinance price for
G
Larson for that sum.
No. IA, near the center of the building,
went for $500 to G. P. Smith.
Store, that is room A, in the center of
the building, and the only place in
the building where fish can be
sold, was priced by the ordinance at $3.50
This was sold for $685. to A. P. Wallich.
Room G, directly in front of the Waba-
shaw street entrance, was sold to Charles
Parker for $505. The ordinance fixed the
price of this at $500. This made the
bonus for this room $2O5, which was the
| largest bonus paid for any room.
Store No. 10, priced at $240, went to E.
E. Parker at that figure.
Room Z, was sold at the ordinance price,
$500, to John Butler.
Store D sold at ordinance price, $500, to
j. Steiner.
Store G, ordinance price $500, sold to
Thomas Manning at that figure.
No. 80, ordinance price $240, sold at that
figure to M. Gallagher for that sum.
Store F, priced by ordinance at $24O,
| got no bid and was withdrawn.
Store 15, priced at S240 by the ordinance,
was sold to Louis Desmeules for $500.
Store B, near center of building, sold to
J. D. Ramaley for 1915; ordinance price
$500.
Store II, ordinance price $24O, sold to
NJ. A. Schultz for $3.50.
Store F, ordinance price $500, was put
up again, and was sold at $500 to F. n.
| Jarrard.
No. %, ordinance price $240, was sold at
that price to g. E. Plack at that figure.
By this time the auctioneer and the city
authorities concluded to stop the sale, and
so adjourned it till this morning at 10
o'clock.