Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-21

past week than during the previous one,
and the amount OF recorded transactions
| is somewhat large, still the volume of bust
ness has been about the same. The at
tention of people seems to have been
directed more this week to business prop
erty than it was last, and two or three fair
sized transactions on Seventh and other
| streets have taken place.
The principal of these transactions on
Seventh street is that of the sale by Mrs.
Annie G. Barteau to Robert Manufacturer
for $4,000 the lot onithe southeast corner
of Seventh and Cedar streets. The lot is
100 feet on Seventh by $50 on Cedar
Many have thought that Mr. Mannheimer.
in purchasing this property did it with q
view of the immediate erection Of retail
| dry goods store there. This is very decid-
| ed mistake. The substance of the whole
business that 1t was bought by Mr.. Mann
heimer thinking it to be possible that
upon Seventh street at some
future time, and that with that in view he
would secure suitable lot before proper
| ty went higher. In case ne should con-
clude not to build, the advance in the price
of the property will abundantly pay him
on the investment. Mr.. Mannheimer
looks upon Seventh street as the most
promising street in the city, and is evil
| IDENTIFY preparing for the future. He is
| calculating upon the probable necessity
of his house opening up, in addition
| to the present establishment on
Third street, large retail branch house
| on Seventh. How soon he will erect the
block contemplated is not known.
The other heavy transaction in lower
town property is the sale by Mathilde
Greve to Annie G.. Barteau of the lot on
northeast corner of Fifth and Wacouta
streets. This lot is 1OOx1OO and was sold
for $4,000.
Plans are being perfected for the erec-
ton of block by the Capitol bank which
will occupy the space between the Mer-
chants hotel and the GilflIan block. 1t
will be five stories high and very hand
some.
Mr.. Gustav WiIlius and Mr.. James II.
Weed, who own lot on the south side of
Seventh street fifty feet below Sibley street
will erect thereon five story block next
season. 1t is intended if possible to get
the foundation III this fall.
Several weeks ago it was announced in
the GLOBE that Mrs. Anna E. Ramsey was
negotiating for the sale to Charles B.
Wright. of Philadelphia, the eighty acres
in the northeast quarter of section 3, town
%, range 9, for 100000. This contract
has now been completed. This tract con-
tains over 400 lots, and is just east of the
crossing of the Chicago, Milwaukee & st.
Paul short line road, at Summit avenue.
Mr.. Wright has announced his intention to
erect upon this plat ten tenements the
the coming spring and all the lots will be
placed on the market.
Benjamin Sherman is about to erect
$4,000 block on the southwest corner of
Wabashaw and Ninth streets. The block
will be 50x150, five stories high.
Mr.. T. s. Noonan is preparing to build
brick block on Seventh street to cost
$11,5OO.
Mr.. John Kelliher will erect on Third
street three-story brick block to cost
$4,000.
DR.. Wharton's block on Third street,
which will cost $4,000, is still progressing
and will be under cover before the season
closes.
G. q. Mann is erecting block on John
street to cost $4,000.
George Jacobs is erecting brick block
on Jackson, between Fifth and Sixth, to
cost $4,000.
The above are but few of the larger
buildings. From the largest sum named
there are others that decrease in value all
the way down to $500. There appears to
be just as much activity now, almost at the
beginning of November, in building in st.
Paul as there has been all along through
the season. Every day in all parts of the
city new foundations are started. Not
only one or two, bM great many founda-
tions, all over the city, are being started,
Notwithstanding the lateness of the sea-
son.
1AO p1Op11CIO1O VI 4hoOhlOotCL pain nofO
| made some changes in regard to their
property out near where the college is To-
| Gated on Summit avenue. The lots have
| all been changed from acre to half acre
lots. All are to be placed on the market.
Grand aveaue property is beginning to
look up now that the street railway is put
ting its track down out there, and inquiry
points that way.
The Chicago, Milwaukee & st. Paul road
has determined to put in a station where
the road crosses st. Claire street, and the
new plat recently put on the market is to
be called st. Claire Nights.
Mes srs. Fairchild & Davidson, lots 1 to
| IA, block 40 and lot 1, block 81, Summit
| Avenue park addition to Annie G. Burteau
| from A. Chadwick for $3.50; also lot u,
| block SO of Lyman Dayton's addition for
John P. 81. Dewin, for 1925.
One of the most gratifying and satisfac-
tory facts>in regard to the real estate
market is that those who some time ago
gave their paper for purchases are now
taking it up before it is due. This is all
| the more remarkable from the fact that
the money market is at present quite
close. 1t shows that purchasers are keep