Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-11

sale:
Southwest corner of Robert and Fourth
street, 5Ox1OO for $4,000.
Lots % and "a, block 3, Palace addition,
$1,000.
Lots Z, 8 and 8, block ., Holcombs add
ton, for $2,OOO-(Sold twice in one week. }
Lots IS and 10, block 3, Palace addition,
$1,000.
The south 100 feet, lots and 6, block 5,
Suburban Hills addition, for S1,700.
Fifteen acres in New Canada for So
333.
They have negotiated sales additional
during the week aggrsgating over 100000,
but they declined to indicate where or for
whom. Their Office is still in Davidson
block, entrance on Fourth street, which
is rapidly assuming the character of a real
estate exchange, as buyers and sellers are
constantly coming and going.
Among the prospective Improvements
to be located somewhere along the north
line of the city and in the vicinity of ele-
vator ''B" is new and
MAGNIFICENT FOUNDRY.
1t is understood that the ground has al
ready been secured for the construction of
an immense foundry, in which portion
of the outfit now in use at the Saint Paul
foundry will be used. The 'plant" how
ever will be enlarged so that labor can be
handled more advantageously and contracts
8 crni4u1a ha norrIQH ont
with the utmost promptness and dispatch.
This new enterprise is close corpora
ton, and so the facts are difficult to OBJ
tain, out such men as Col. John l.. Merri-
am and William R. Merriam, James Hill
and Amhurst H. Wilder are said to be the
financial hackers of the new enterprise.
This will add capacity to the manufacture
ing interests of st. Paul, and give employ
ment to large number of men.
ROLLING MILL
that Will employ 500 men is one of the
possibilities of the near future. The great
railroad interests now centering in st.
Paul renders such an institution an abso-
Lutte necessity.
hu6u UuG IOdQo NOI0 14CW ct1AO POOAs elAASt
the traffic light, cheap iron rails were used,
now that the country has become settled
and the traffic on all the railroads has in
creased an hundredfold, the old iron rails
are being replaced by steel rails. These
old rails are not thrown away but are car
ried to where there are suitable facilities
for manufacturing, and there amalgamated
with Superior ores and steel rail is made.
The freight on the old rails from
northwestern roads to the factories
and the return freight on the
new rails in single year would build
such rolling mill right here in st. Paul.
The great lines centering here managed
by capitalists who are shrewd and far
seeing, cannot fail to appreciate, the i'm
portance of such iron works at this cen
tral point as will work over all their old
discarded iron rails and give them new
steel rails instead. We venture the prediction
that our suggestions will be acted on
within two years, and we hope within one,
and result in at least one of The largest
and most complete rolling mills being
erected and operated in st. Paul
that there is anywhere in the United
States. The new iron mines being opened
up north of Duluth and in which our own
citizens are interested would thus find a
market right here that would demand
thousands of tons of their best ore annu-
ally.
If individual capital does not construct
such rolling mill the railroads centering
here could combine and make an institu-
ton of this kind immensely profitable to
themselves and largely advantageous to
the city of st. Paul.