Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-03

Il
OF !the Present BOom-D esirable LOca-
tious Held at Good Rates-The Site of
the New HoteI-Specip1en Sales OF Bust
ness Property-The Transfers Of the
Week.
While during the past week the real
estate market cannot be said to have been
dull 1t has been rather quiet. and
that quiet seems TO have been an unnatur-
al one. With the general favorable condi-
lions of general business throughout the
northwest, the appearance of the crops,
and the abundance of money that IS
known to be in st. Paul ready for invest
ment there seems Ito be no natural
why the reason why the real estate market
here should not be in an active condition.
The position of matters in this respect is
not at all in accordance with the natural
laws of trade. There is money enough
ready for Investment, there is property
enough to see, prices though very firm
are not regarded as too
high, and yet sales are not as numerous as
they ought to be. Only one large trans
action is recorded for the week, and that
is the sale of what is known as the BidwelI
property on the corner of Ninth and Jack
son streets. This property consists of $50
feet on Jackson street by 210 on Ninth
street for. $47, GOO. Aside from this sale
the transfers have been confined to much
smaller figures. S. Lee Davis sold a lot
for 81, 900, to Chas. 4. Dickerman, loca-
ted on the corner of Minnesota and Sixth
streets with front on Minnesota
street of fifty feet and a
depth of 100 feet. Upon this lot 1t is IN
| derstood the purchaser will erect bust
ness block. Eighty-nine lots in Terry's
addition were sold in the early part of the
week for $19,250. This was an auction
sale and was we'll attended. Theodore H
Miller sold his homestead on harrington
avenue, and lot 3, block Is, Rice & Irvine's
addition, the latter being fractional lot
on Third near the Seven corners, for $15,-
600. John Wann sold to Uri L. Lamprey
for $4,000 two lots on Bluff street, adioin-
ing William Davidson's residence.
Henry r. Beard conveyed to
G. q. Maxey part of block
1 and 2, Pacific addition for $23, 200. This
property is out near elevator A. These
are about all the largest sales for the
week, and do not make very big showing.
The general impression is both among
real estate dealers as well as among real
estate purchasers that good many are
holding back to find out where the new
hotel is to be located. A most persistent
effort is being made to learn where the
favored spot is to be, and there are men
in town who would pay many thousand
dollars in gold to be informed. This
choice and much coveted piece of informa-
ton has not yet been obtained
by any outsiders though the persons
supposed to be mostly in Mr.. Ryan's con-
idence have been most persistently be-
sieged by the ANXIOUS ones. Many think
there is pointer" in the purchase of the
Bidwell property by Mr.. Langevin, and
turn their anxious eyes to the we'll known
property on the northeast corner of Eighth
and Jackson, known as the Cakes property,
and the Constans square, corner of Tenth
whether Mr.. Langevin was acting on some
definite point or not, but the feeling is SO
general that the hotel will be in that re-
gion that the public are inclined to accept
it as settled.
The following plats we're duly examined
and approved by the plat commission at
their session yesterday: Smelling park,
owned by Clarence E. Finch and G. NJ
Dittman and wife, embraced within par
Gel of land containing 1916 acres in
section 81, town %, range %. Jilson's
subdivision of lots 5, 4, 5, 6, 7,8, 9 and 10
of Guerin's out lots to st. Paul. Greve's
subdivision 'B" comprising slot 2,Homes
of the Homeless." j. n. Rogers second
addition which is located at the nerth line
of section IA, town %, range 90.
Mr.. G. W. Gray purchased y esterday the
beautiful site corner Of University and
Virginia avenues for the sum of $4,000.
BUSINESS BLOCKs.
The business blocks that are going up in
st. Paul are more numerous than ever be-
fore. 1t is impossible to enumerate in
the limits of an Introduction like this all
the blocks going up. They are Of all sizes
and of varied architecture. The following
! are some of the principal ones:
three-story brick block on West Sew
enth street, with frontage of sixty feet,
| $4,000, belonging to Mic. Gross.
j. L. Forepaugh, Eagle, Third and Fort
| streets, brick block, three stories, $4,000.
Geo. Mitsch, three stores corner of Sew
enth and Washington streets, now up to
the second story, $4,000.