Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-06

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The continued, cold, chilly, disagreeable
weather of the past week, which failed to
sssume a spring-like appearance until
yesterday, had q somewhat depressing effect
on real estate dealers. Many of them
were avsrse to facing, cold raw Winds done
up in overcoats, and the volume of transac-
tions for the first week in May is not large.
The fact is that while many persons speak
of the activity in real estate as ''boom';,
it is a misnomer entirely. There he's not
been aud is not now any perceptibls boom
in real estate. There has been a good
healthy tone ia the market which still
continues. Many people are buying lots on
which to build houses and good many cap
italists are investing in property with the de-
sign of improving it. for business purposes.
Anyone who will spend half day driving
about the streets OF our city and note the
number of reelly fine blocks that are being
erected for business occupancy, ard the
almost innumerable houses either started
or we'll along in process of erection, will
realize that our city is having a very pros
porous and hsalthful growth. Building
materials are scattered all over the prairies
in the suburbs, and the streets everywhere
are more or less obstructed by materials.
A steady and continuous stream of
wagons loaded with rock, lime, sand, brick
and lumber Is pouring up st. Anthony
hill out onto the territory which lies be-
tween Summit and University avenues.
These actual improvements indicate
one of the busiest building seasons that
our city has ever enjoyed. 1t is true that
some few are buying and sell
ing simply for speculative pur-
poses, but the larger majority of
transaction are for actual improvement.
Gentlemen who have come here from
eastern and middle states, are surprised at
the thrift, prosperity and business push of
this city, and seem to realize that we are
metropolitan in every sense.
CHEAP HOMES.
The enterprising real estate firm of Ba-
con and Stone have gone long way to-
wards solving the problem of cheap homes
in st. Paul. They foresaw early in the
for lots that could be bought at figure
which would enable the possessor of
form $500 to $500 to buy himself lot and
still have sufficient remaining to put up a
good comfortable house. With this end in
view, Bacon & Stone have bought with
few other spirited men) several large
tracts of land, and plated them into lots
Ov1D fao NJ -.
Oakville Park addition and is situated in
the northern part of the city, east from the
large purchase of the Northern Pacific
rail road, and is laid out in $50 lots.
In the last ten days over two-thirds of
these lots have been sold at the low price
of from $50 to $16G lot and mostly to
parties who proposed to build themselves
houses.
Yesterday this firm concluded purchase
of almost 100 acres of ground on Fort street,
a short distant from the street cars, which
piece is now being laid out in lots al
prices that will be within the reach of al
that are ambitious to be freebooter and
lord of his own house.
This firm are now negotiating for several
and placed on the market, and will enable
them to supply the demand in any quarter
of the city.
Hitherto it has been the custom not to
buy land for plating into small lots, until
the price had reached SUCH figure per
acre, that the lands could not be sold at a
profit at a price less than from $3.50 to
5000 Per lot, and consequently the poor
man must either run into debt to get a
home or wait until he could accumulate
quite large sum of money.
When it is full considered that in the
short space of two weeks, the project of
Bacon & Stone have put it into the power
of 200 persons to get themselves homes,
and have added 200 houses to the improve
ments ofsthe city of st, Paul, their efforts
can be understood and appreciated.
MISCELLANEOUS.
Messrs. Greve, Oppe nheim & Co. are
disposing of the syndicate lots right along.
During the past week they have sold $780,
! 600 worth, and good deal more than that
amount will go next week. There seems
to be rush for them, and they sell easily.
Adam Gotzian has contracted for the
construction of twelve houses in Sigeps
division on Dayton's bluff, and has already
commenced work on them. He is at the
same time arranging for the construction
of thirty more. All these he sells on
monthly payments, which makes it very
easy for poor laboring men who desire to
| secure homes
The Record.
| The record ct the register of deeds Office