St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-07
ST. PAUL NEWS.
ST. PAUL'S REALTY.
No Speculative Deals, But a
Healthy Trade in Real
Estate.
Prospects of Completion of the Larg-
er Buildings of This
Season.

GedSOUs
Improvements on Fourth Street--Record of
Sales During the Week.
One week is so much like another now in
the real estate market that there is really but
little occasion for anything to be said.
Prices remain the same with a good whole
some sale daily, of property that is for i'm
mediate use either for dwelling house pur-
poses or for business. AS for speculation
there is none here to speak of, and all the
money that is put into property is invested
for purposes of immediate use. The banks
are holding what money they can get in view
of the requirements for the movement of
the wheat crop and for the general exigen-
cies of the fall business, and do not like to
let go of it except in cases of necessity. The
consequence is that while there is money
enough in the country it is not put out with
that degree of freedom that many people
think it ought to be, and that it could be
without jeopardizing the financial situation
in the least. The result of all this, so far as
are confined to actual sales, and the
matter of specializing has been
and is now almost wholly
eliminated from the market, Price are firm
and very stiff with indications Of an advance
rather than decline.
AS the days grow shorter and the July rays
Of the sun continue to be more and more
cd fI,, l,r,iId
ings now in process of construction under
cover becomes an exceedingly interesting
one.
The six story block of the German Ameri-
can National bank, on the corner of Fourth
and Robert streets, is about ready for the
roof So are nearly all the large structures
that have been erected this season on
Seventh street.
The Ryan hotel is up to the forth story
only, and it is very doubtful
if the structure is put under roof this season
The government building on the corner OF
Robert and Second street will be finished
enough to be covered this fall.
The Union depot people are at work as
hard as possible to get the depot rebuilt in
time for winter. 1t is not expected that they
win have it all completed this fall. The most
they can do is to get the outside walls up and
the roof on SO that they can heat it and make
it comfortable for passengers. In the mean
time gangs Of men will be kept at work al
winter on the interior. The depot
when completed will be much more commo
diOus, and larger and better every way
] n 1.
handled, while the accommodations at The
depot will be a great deal better than eve
have been in st. Paul. One great advantage
is that the whole baggage business of tn,
depot will be removed entirely from thu
structure, so that the depot proper will have
nothing but passengers to attend to. Thi
will relieve it Of a very great pressure indeed
One of the most Objectionable features of tn
depot before it burned was the Inconvenience
of the baggage. This will all be remove,
wholly out of the building and all the bag
gage will be received into and discharged
from large stone building that is being
built short distance in the rear of the depot
This viii be freproof, and is well under way
AS there is large gang of workmen en-
gagged on the structure, its completion will b
accomplished probably in very short time
Several large stone and brick structure
in West St. Paul are nearly ready for tn
roof
Architect Bussford has determined to Gu
through the limestone rock to the sand roe
for the foundation Of the new court hous
building. He is afraid that if he cuts dow
to within few feet of the sandstone that tn
frost may get into the sandstone and heay
the building, or some portion of it.
The new German Lutheran church, Of
the corner of Wabashaw and Iglehart streets
will be 50x11S feet. and will cost S35, 600.
Reuben Warner, who recently purchase
the southwest corner of Washington an
Fifth streets. will erect thereon a handsom
residence block.
Mr.. A. II. Wilder is putting in a ston
front for his building on Fourth street, be
low jackson, that by many is regarded as th
most costly and elaborate in the city of 81
Paul. 1t is certainly very ornamental in
deed and well calculated to attract geners
attention.
Building in the city is as active as eve
and daily new structures are started and ne
foundations put in with view of getting 6
far along as possible and being ready in tn
spring for the superstructure.
FOURTH STREET.
Union block received some finishin
touches at the hands of the painters yeste
day, which served to bring out the handsom
plate glass front to great advantage. A nun
Der of tenants have already moved in an
occupy delightful quarters in this grand stru
ture Others are contracting for apartment
, and it promises soon sto be a ''swarmiu
hiven of business. The erection of the ell
. CANT Minnesota club house (now well und
way), just across Fourth street, the pawn
of that street with cedar blocks, the erectio
/ of the new half million dollar court houi
. and city hall combined, CONTRACTS of whiC
are to be let Sept. 23) and the new Nation
= German-America bank building marks
new era in Fourth street and makes it (if
Z was not before) first class business propert
: A great deal of travel which has heretofol
d followed Third street now goes up and dow
r Fourth street, and its sidewall
are lively almost every hour
the day. As soon as the paving
done and new sidewalks laid it will get ST
more of the foot travel that goes to and fro
, the postoffice, court house and county O
fees We venture the prediction that I
next spring Fourth street will be a leadir
thoroughfare and Union and Court blocl
which early in the present season doomed I
J almost alone In their grandeur, will |
s crowded with business and will have plen
of good comp any in the way of other fiji
and imposing structures projected for tn
= vicinity, and which will be built next Sc
j son.