Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-24


and Improving-Good Inquiry for the
Best Grades of OBSERVATION-DISCLOSURES
Amounting to Over Half Million Dol
lars Filed for Record.
The real estate market has undergone no
substantial change since our last report
Values remain the same substantially,
though in all parts of town there is a visi-
BILE strengthening up and constantly in
creasing frmness in all grades of realty.
THAT NEW HOTEL.
There is no doubt but that the uncertain
ty in reference to the location of the big
hotel is exercising good deal of influence
in retarding the transactions in real estate,
especially in lower town. At first one
would naturally be much surprised to learn
that so little a matter as the Ioca-
ton of hotel could have
very much influence in regard to holding
back sales. a little reflection shows how it is
done. Every man that has a piece of real
estate hopes that the new establishment
will be located near enough to his property
to cause it TO increase in value, and even if
it should be located further away from him
| than he would like, yet he would lose moth
ing by holding on to his property, for let
the hotel be placed where it may it will
not render his property any the less valu-
able, but on the contrary must have ten
dency to increase the general value in all
parts OF the town. Another class of per-
soDs is affected, and that class consists of
the buyers. These birds of Paradise are
lowering around endeaYoring to get some
hint of the proposed location, watching the
real estate offices and showering INQUIRIES
everywhere. No one seems to know enough
to give reliable opinion upon the subject.
Most people stick to the eft repeated asser-
tion that it will go upon the old Oaks
place on the corner of Eighth street and
Jackson, while others with equal confidence
do not hesitate to declare that the location
has been finally determined upon
and that the great hotel will go upon the
Constance block, on the corner of jackson
and Tenth streets. The uncertainty of the
| location, as before mentioned, is having a
very decided effect in checking sales.
BUYERS IN THE FIELD.
There has been so much rainy weather
during this season that those who are here
to prospect have not been able to do any
thing. Never in the history of the city
has there been so many people here for
this purpose. Capitalists from New York.
Iowa, and all through the east are here
seeking to invest money in real estate in
st. Paul. Yesterday a large number of
them hunted the city for properties, and
several transactions were made. Several
other large deals were also brought to a
crnaacsf-11 I11+ ha Ia4o
ready to be made public yet.
ALL SATISFIED.
The market is in curious and interest
ing condition. Holders are firm and
steady, and offer nothing below the high
est price, while buyers are as anxious
as ever, though, as before
suggested, most of them are
hunting around to learn where
the new hotel is to be located and rather
holding off to see what it is best to do. All
hands, both buyers and sellers, are dis
| posed to wait and see what the results are
to be. The immense Improvements in
| grading, curbing, seWering and guttering
| the principal streets of St. Paul will have
a very perceptible effect in increasing the
| value of real property. All along Waba-
| shaw, Seventh, Fort, Jackson, where the
street pavement is being put down the ap-
probation of property is very considerable,
while out on the other streets where the
| sewers are being constructed and the side
walks laid, stretching out into the outskirts,
| the property is rapidly increasing in value.
This work is good deal more extensive
| than most people have the least idea of.
TIE board of public works is having its
heuC5 tull of business at the present time,
and so is the engineers Office. More work
is commenced than they can possibly get
through with this season, and
yet it is piling up on the
authorities quite rapidly. The board is
meeting almost every evening, and the
council will meet once or twice a week.
Never in the history of the city have we
ever had such rush of public improve
ments as at the present time, and some of
them are of very costly character, and all
are important. There is throughout the
city such cling of thrift and soIidity,
such a vigoroUs, healthy, natural, growth
and filing OUT that everybody is tinged
with an idea of independence in regard to
real estate. It is good to hold and good to
sell, but not good 10 sell unless the full
value can be obtained for it. It therefore
matters but little whether there is much or
little sold. The market remains just as
firm and solid in any event.
During the past week Messrs. FairchiId
81 Davidson have done a reasonably active
business. They have made several sales at
auction of real estate, and have closed out
number of lots on ST, Anthony hill and
on Dayton's bluff. They have for sale yet
some of the finest residence lots in the city.
and large number of valuable business
properties, improved and unimproved.
Stores that are renting at from 500 to
$500 per month, and returning handsome
net income on the price of the property
They have fine improved property on
Minnesota street, which can be bought at
figure which makes it most desirable
investment.
Their list of private houses for sale cover
fine properties ranging in price from
81, 200 to $4,000. The auction business
is a new feature with the firm, and they
are pushing it with great success. They
say they will sell personal as
well as real property for Gus
toners who desire their services.
They have forty acres for sale at a bar
gain, just north of Nelson Il Co.'S lumber
yard, and forty acres just north of, and
fronfipn on T,oHa Como which is Lao14;