Daily globe., 1883-07-08

LnS mdrheG Is nolO dS urnly dS ever Will
no expectation of a reduction. but with a
decided inclination to advance quotations
still higher. This is a peculiar state of the
market and some curiosity is manifested
to know why it is that while there are so
few sales, and comparatively little proper
ty is changing hands, that real estate is so
firm and strong, and holders so unyield
ing. As before mentioned, good many
are holding back from buying
and selling in consequence Of the uncer-
taintY of the location of the big hotel. This
consideration is exercising a good deal of
influence both upon the buyer and seller.
It operates both ways, and while it restraints
one from disposing of his property it
equally restraints another from buying.
Another consideration that helps to hold
the market steady and where it now Is, is
the uncertainty in regard to the crops.
There is much reason to hope for large
crops, and yet the result is so uncertain,
depends on so many contingencies that
are beyond the control of human
beings, and in regard to which they can
not form an opinion, that no one, not even
the most venturesome dares to take the
responsibility of going in and buying and
selling. All want to wait for more definite
informanation, and all want to be ready
for the first dash. The near approach of
the completion of the Northern Pacific
across the continent is another considera-
ton that IS having a good deal of weight,
in the minds Of men as to real estate in
st. Paul. When that great highway for
traffic is completed it is the general ex-
pectation that the effect
upon the business of St.
Paul will be very great indeed. Of
course the buyer ands eller each desires to
get all the advantage possible out of this
new condition of affairs, and the conse-
uuence Is that both hold off. In the mean
time the price of property remains firm
and transfers comparatively limited. It
is one of the most peculiar conditions a
market was ever in. The Northern Pacific
will be completed about September and
the fall crops will have been determined
by that time. In the meantime the mar
ket will probably continue along as it
now is.
THE CHAMBER OF COMMERCE BUILDING.
Some weeks ago the matter of selecting
g. site for the new chamber of commerce
building was referred by the board of
directors of the chamber of commerce to
committee. More than a week ago the
committee held meeting and passed
resolution to recommend the chamber to
buy the southwest corner of Cedar and
Fourth streets. The result of the meeting
of the committee was published in the
columns of the GLOBE last Sunday morn
ing. The next morning, when the board
of directors of the chamber met,
the chairman of the committee asked
for further time and the request
was granted. The GLOBE hopes that the
publication of the determination of the
committee did not have the effect of caus-
ing any of the members to go back on their
Judgment.
DAYToNs BLUFF.
This we'll known locality is still attract
ing attention, and the people over there
are a good deal excited at what they call
the inaction of the council in regard to
their wants and necessities. It is very
natural that the large body of citizens who
reside in the Fifth ward should be
anxious to have a proper de-
gree of attention from the city
council. 1t should be remembered, how
ever, that where men get excited they are
apt to become intemperate in the use of
language and unreasonable in their de-
mands, and that by such unreasonableness
they injure their own cause. The council
processes a Willingness to do justice by the
Fifth ward the same as by any other ward,
and there seems to be no good reason to
think the council is showing any partlalI-
ty in favor of any particular locality. Inc
requirements for Dayton's bluff are very
large, probably not larger than the neces-
sites of the people over there demand.
While this is the case it must be kept in
mind that there are other parts Of town
that are equally as loud in their demands
as is the,FIfth ward. The Fourth ward
wants water works and sewers and it seems
impossible to delay these demands. They
are really of the two, more imperative
than the wants of the Fifth ward. Still
they are going to cost very large amount
of money. West st. Paul within year or
two has increased at a marvellous rate.
Property over there that could hardly be
given away a few years ago has greatly
inhanced. Numerous and costly improve
ments have been constructed over there.
It is as much isolated from st. Paul prop
er as is Dayton's bluff. The fire steamers
cannot be run over there
so as to be of much assistance. There are
no cisterns for water for the upper part of
the town, and altogether West st. Paul
suffers from the same causes, and in the
same way, that the Dayton's bluff people
suffer. Well, what shall be done? Shall
the city, with all the necessary, ordinary
expenses, which by the way have been so
largely increased during the part year,
jump at once into vast outlay without
stopping to think and consider what, under
all the circumstances, it is best to do?
The people of Dayton's bluff should
take into consideration the fact
that the whole city of st. Paul
has grown very rapidly during the past