Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-04
REALTY.
Il QUIET WEEK BUT GOOD PROS
Poets AHEAD.

Temporarily but Bargains Snapped up
0uick-People VINO Went North and
Were Looking for "Booms'' Grayitating
Back to Solid Prosperity in st. Paula
SpIenpid Outlook for 1855.
The real estate market has presented
nothing of very marked character dur
ing the past week, the sales amounting
to $144, 541. The prevalence of billiards
and low tempature prevented investors
from making personal inspection of prop
critics listed for sale in the various real
estate offices, and deals that have been
consummated have been of properties well
known and where personal inspection of
''the lay of the land'' was not absolutely
necessary. The meager transfers for the
week do not really give fair Indication
of the condition of the market. Many
resident buyers and not few firms abroad
are in the market, eagerly scanning
all the property listed for sale. When
ever real bargain is offered it quickly
finds ''taker," and men who want to sell
and will put figure on The real estate that
offers safe margin can dispose of it quite
promptly. The outlook for the coming
season is fully equal to what it was year
ago, and those most conversant with the
market confidently assertssthat the business
in realty for 1883 will exceed that of 1882.
During 1882 there were many points in the
Northwest which enjoyed ''boom," such
as Fargo, Winnipeg, Larimore, Mandan
and points along the line OF tie Northern
Pacific road, which, to certain extent, de-
tracted from st. Paul.
In other words, investors from abroad
came here with the general idea of ''plant-
ing nest-egg" somewhere in the north
west, but so many 'rosy" representations
were made of ''new towns" and ';cheap
lands" that thousands of dollars went hun
dreds of miles north and west of st. Paul
that could have been more favorably in
vested in this city. The visitors who went
west last year "to look" are many of them
coming back to 'stay," and having seen
the vast area of fertile country naturally
tributary to st. Paul, have discovered that
this is the most favorable Matching ground
for 'nest-eggs" of any capital between
Puget sound and the Atlantic ocean.
The opening up of trans-continental
line via the Northern Pacific, the building
of extensions to the Manitoba, to the Can
adam Pacific and TO other railroads which
are naturally tributary to st. Paul, will
give her an impetus and a growth that
will make her future more marvellous than
her past. Capitalists from all parts of the
world by scanning the map of the North
west can see at glance that this is the
natural trade center of this new empire
and they are ready to invest. Reports from
all over the country indicate that there
will be a large influx of immigration into
the Northwest this season and capital is
coming here for investment very literally
The real estate agents of the city are list
ing property, corresponding
with nonresident owners and
capitalists and putting themselves in shape
for an active campaign. Several negotia-
C4OAo ellO LII PIOS1CoO iOOh1AS W UIO pun
chase of business properties for imme-
date improvement, and within sixty days
there will be developments that will put
certain localities into feverish activity.
Some of the most important deals re-
corded during the winter have projects
connected with them that are not yet fully
consummated and so cannot be given to
the public in detail without breach of
confidence.
Several parties are in the city looking
for eligible sites for business blocks upon
which they will put Improvements imme-
diately. All who come here and examine
into the matter become wholly satisfied
that the vacant property almost anywhere
here in St. Paul will pay handsomely to be
improved.
The demand for residence property is
quite as active as it is for business proper
ty, and this demand is extended very gen
orally to the more expensive and higher
priced class of property. This demand
commences at the bottom and goes up. II
extends from the humble one hundred and
fifty dollar lot to the big priced ones up
on Summit avenue which run away up
into the thousands.
Generally speaking all parts of the city
are treated about alike, and pros
pecting scans the whole town. Of course
st. Anthony hill and the broad beautiful
prairie that stretches out between the two
lines of railroad, is, and probably always
will be the most attractive and desirable
part of town for residences. It is the
"West End" of st. Paul, and as such will
maintain its superiority in point of de-
sirableness for residence property, in all
time. Other parts of town, however, are
not without their attractions. One of the
Distinguishing points of the city, and one
where very picturesque view, with great
scope of beautiful landscape, can be had,
is the locality furnished by the elevated
bluffs of West st. Paul. They rise, tier
upon tier, to great height, and stretch far
away for great many miles, so that the
whole city of ST. Paul, the river, and the
gorge, or valley through which the Missis-
sippi flows, lies spread out before the be-
holder in all its bewildering beauty. 1t is
a view that travellers will go a great many
hundred miles to behold. All these ter
raced bluffs will, sooner or later, be picked
mn aDd hold for very biOh nrices Vast ct