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

ear Leases Gong at BOnuS-SHOO the
Hihhest Bonus Paid-Not 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. O'Connor. The
crowd was not 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 nQ
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 a 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
ent rooms, and explained that the lease
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. 1 in the north
west corner of the building on the tPeter
street side. The price fixed on that by the
ordinance was 5000 per year. 1t is regard
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 $50. After another
long wait it went $40 better, and reached
| 500, and then went to $3.50, when it wac
struck off to S. E. Bomersleo.
No. 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Withdrawn, not bid being received.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 mex
best one in the building, and is located or
the southeast corner of Wabashaw and
| Seventh streets. The ordinance price fol
this was $500, and it went to Sorenson
| Larson for that sum.
| No. II, near the center of the building
went for $500 to G. P. Smith.
Store, that is room A, in the center o.
the building, and the only place il
the building where fish can b.
sold, was priced by the ordinance at S48(
This was sold for $685. to A. P. Wallich.
Room G, directly in front of the Waba
shaw street entrance, was sold to Charlie
Parker for $505. The ordinance fixed th'
price of this at $500. This made th,
bonus for this room $2O5, which was thu
largest bonus paid for any room.
Store No. 10, priced at $240, went to E
E. Parker at that figure.
Room E, was sold at the ordinance price
$500, to John Butler.
Store D sold at ordinance price, $500, t.
J. Steiner.
Store G, ordinance price $500, sold t
Thomas Manning at that figure.
No. 80, ordinance price $240, sold at tina
figure to NJ. Gallagher for that sum.
Store F, priced by ordinance at $24(
got no bid and was withdrawn.
Store Is, priced at S24O by the ordinance
was sold to Louis Desmeules for $500.
Store B, near center of building, sold
]. D. Ramaley for 1915; ordinance pric
$500.
Store II, ordinance price $240, sold
NJ. A. Schultz for $3.50.
Store F, ordinance price $500, was pu
up again, and was sold at $500 to F.
Jarrard.
No. %, ordinance price S240, was sold {
that price to G. E. Plack at that figure.
By this time the auctioneer and the cit
authorities concluded to stop the sale, an
SO adjourned it till this morning at
o'clock.