Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-18
REAL ESTATE.
CONTINUED ACTTFITT IN THE Dr.
MAND FOE PAYING DIET.

CONTINUED ACII tAT1 IN IdE III
M4YD FOE PAIING DIET.
Some Large Transactions Filed for Record
During the week--Great Inquiry for
Property on Mississippi Street and
Broadxay--The Sensational Rumors
Ahoat Regarding the First Named LO-
caIity-Some Specimen Sales--Tle Trans
fers for the Week.
The continuation of moderate weather
while it has not improved the condition of
our streets and roads, has been favora BILE
to the real estate market, for it leads every
body to anticipate an early spring. An
early spring means a good crop as a rule,
and the speedy influx of strangers from
abroad with plethoric bank accounts and
pockets lined with galore" which they
will bring here to invest in the business
and residence property of st. Paul.
IMMIGRATION AND VISITORS.
We learn by inquiry among railroad
officials that the prospects for an immense
immigration and pleasure travel for this
year far exceeds the outlook of any pre-
vious season. One gentleman, whose cor
res pondence is probably the largest of any
other railroad official in the Northwest
states that the letters Of inquiry that oame
to him during the winter were as four
to one over any prior year
and he confidently predicts that there
will be four immigrants and -four
summer tourists to one over any fGmo1
year coming to Minnesota or passing
through for the Northwest. We hear the
same report from our leading houses and
business men. The real estate agents who
have by reason Of their occupation large
correspondence with non-residents and
foreign capitalists, state that there is az
usual inquiry and that by May there
will be an unusual number of nonresident
buy ers in this market. Some of them
are so eager to anticipate spring prices
that they remit to agents here, or authorize
them, if they find something unusually
inviting, to buy it and draw for purchase
money.
LARGE SALES
have been contracted during the month
which will probably not reach the register
of deeds Office for some time to come. Fol
some reason buyers who make large con
tracts seem anxious to conceal their pur-
chases as long as possible, probably with
the view of buying adjacent properties
that will be affected i'll value by prospec
tive improvements. Twenty-Five feet by
seventy nine deep on the northwest corRel
of Jackson and Fifth streets has been
sold at $500 per front foot, understood to
be for immediate improvement. Twenty
five by eighty-six and a half feet on Fifth
the easterly end of ground owned by j. H.
Pomeroy, was sold for $500 per front
foot. About five acres well out on Missis-
sippi street sold for $4,000, or at the
rate of $4,000 per acre.
Considerable activity is manifested III
Mississippi and Broadway property and
prices are being marked up.
On Robert street there has been great
activity since the purchase of the 1OOx1OC
feet square, corner of Fourth, and various
rumors are afoat as to prospective
changes in ownership and future
improvements. It is reported that Quinby
and HallowelI's property, fronting 10 feet
on Robert street by 11612 deep and 20
feet front on Fifth, by $50 deep on which
the rear of their buildings, stand has been
sold.
On inquiry we learn that a sale has not
actually taken place but negotiations are
in progress which will probably result in
q sale of their entire property in block
II at about $4,000, though terms
and parties are studiously concealed. The
25x100 next south of Quinby & Hallowell
on which the brick building stands, haf
been sold and also forty five feet front thai
is vacant has been sold and rumor places
the price at about $500 per foot. It il
beyond doubt that Robert street will be
come frst-class business street and man!
new structures will be erected thereon dur
ing the coming season.
BROADWAY AND MISSISSIPPI
| streets now Seem to be enjoying unusua
attention, which may ripen into a ful
fedgsd Boom this season. The railroad
officials have been in close conference
for sometime past over the necessity 70
more room, and greater facilities for hand
ling the immense freights that come to ST
| Paul, either as terminal or distributing
point To an Impractical eye it is readil.
apparent that the small plat between
Fourth street and the river lying between
the end of Broadway and Dayton's bluff is
wholly inadequate to accommodate the i'm
mense freight traffic now centering in st
Paul. The whole plateau is covered ant
crowded with freight trains at all hours D
the day and night, and business is done a
great expense and inconvenience. The
passenger trains are more or less inter
rupted in their transit to the union depot
and any far-sighted railroad man mus
have forseen that the coming bust
ness of this city could no
be transacted for any great length of time
! on the limited space available in the lowe
plat. The Northern Pacific railroad tool
Il L