Daily globe., 1883-07-01

front that it has all along. No astonish-
ing, noted sales have been made and no
sensation of any description has occurred
to cause any unusual attention. Prices
are very firm, and while there is no special
advance there is no slackness or wavering
in prices. Everybody that has property
is satisfied to hold it, being convinced that
there is no use to hurry in disposing of it,
and that it is better at present to hold
than to sell, unless an exceptionally high
price can be obtained. At the same time
buyers are waiting and watching and look
ing out for "soft snaps There is no
boom and no artificial crowding up of
values. Prices have fixed them
selves, in the natural order of
the growth of the city and there
they seem likely to remain for the present
only to be advanced another peg in due
time. This condition does not pertain
alone to any one particular locality but it
exists everywhere throughout the city, and
causes prices to be held with the utmost
irmness in every locality. Dur
ing the past week the above
statements were strikingly illus
trated : Nearly 100000 dollars worth of
real estate belonging to Israel G. Las was
offered for sale for cash, with no credit
whatever. The result was that there were
plenty of bidders and all the property sold
at good strong prices. The bidding was
sharp and at times, on some pieces very
spirited indeed. The property did not
consist of any specially choice pieces, but
was scattered all about everywhere. Some
of it was desirable and some of it choice,
mixture of everything, but it all sold
straight away the good with the bad. This
may be taken as fair Illustration of the
condition of the market, and as the sale
was strictly for cash it shows the market
to be very solid.
The week has been characterized by an
improvement in the amount of sales and
the number of inquirers. An unusual
number of buyers from the east are here
and all are looking around aud studying
up the market with a view of purchasing.
Some have commenced taking hold. Eighty
lots in John Wann'5 addition, on the corner
of Summit and Smelling avenues, were
sold for $4,000. On Dayton's bluff thirty
lots were sold for $4,000, and out near the
Harvester works forty acres were sold for
$15, ,250, besides eighty-nin lots in the
same locality for $125 per lot. These are
but few out of the whole sales of the
week. but, taken in connection with the
sale of the Israel G. Lash property, men
toned above, they may be regarded as
affording some evidence of increased &C
tiv1tY in the real estate market.
A committee of the Scandinavian Lu-
theran church has been here during the
week looking out for suitable grounds for
college between the two cities. It is in
tended to locate here college for the
whole United States, with view, more
particularly, of supplying the require
ments of Minnesota, Wisconsin, Iowa and
Dakota. They propose to put about $780,
600 into it to start with and add more as
time and circumstances may require. The
Scandinavian Baptists, aided by the Rev.
Mr.. Riddell of the First Baptist church, are
also actively engaged locking for a site for
the location of college between the two
cities. Liberal offers have been made to
these institutions to go elsewhere but they
have concluded that it would be much the
best way to locate in the vicinity of st.
Paul and have so decided. Would it not
pay the owners of real estate to make lib
eral offers to the founders of these col
leges with view to Sc curing their loca-
bor
located the property in the vicinity of the
spot selected would not bring more than
about $3.50 per acre. Now property all
around sells for from $500 to 5000 per
acre
The people of Dayton's bluff more than
those of any other portion of the city ap-
pear to be determined that their particular
locality shall have proper attention, and to
aid in securing this they have held several
open air meetings, at one of which they
adopted preamble and resolutions, which
shows that the present generation has not
lost the art or knack of framing "Bills of
Rights" and Declarations of Independ-
ence. This pronuHciamento dues not COM
mence quite in the accepted form of
"When iu the course of human
events" etc, but that is
what it, in substance, comes to. These
Day ton bluff people see that they have i'll
their possession some of the most desirable
property in the city. It is now very low
and has been for years simply because
convenient access to it has been denied.
That is to say, the immense railroad inter-
ests that have been developed in st. Paul
during the past few years necessitated the
laying of a net work of tracks all along at
the foot of the bluff facing the city so that
the danger of crossing these numerous
tracks became so great that access to the
bluff over them came to be substantially
impracticable. This naturally turned all
the travel to the bluff into Seventh street
which crossed the tracks at high eleva-
ton. AS the bluff became more thickly
settled and the great business interests out
beyond the Seventh street crossing devel-
oped, it became evident that the Seventh
street bridge was not adequate to the large
amount of travel that was crowded upon
it, and that the bridge itself, which was a
slender structure at the best, was insecure