St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-05
ST. PAUL'S REALTY.
Nothing Has Transpired During
the Past Week to Require
Any Attention,
Excepting Small Boom, Brought
About by Reports That Railroad
Companies Wanted More Land.
Prices Have Neither Declined or Advanced,
But Remain Steady---Ryan Hotel
Nearly Under Cover.

Notwithstanding there is no noticeable increase
in sales it is very clear that there is more activity
in real estate matters than there has been for
many months past There Is more inquiry and
evidently more money moving. During the COM
ing week several large and important sales will
probably be consummated. These transactions
have been subjects of negotiation for some time,
and cannot, in the ordinary course of business,
be held back much longer.
The only ripple of excitement that occurred
during the week was the unauthorized announce
ment that railroad company had purchased a
large amount of land in the city for the site of
immense railroad shops, ETC., etc. No such
purchase has been made, and no more land is re-
CURED by the road than it already has. The fact,
on the other hand is, that the road has land for
sale, and is willing to sell. This statement is
made upon the authority of the railroad ITSELF
and may be re garded in the light of official
utterance. On the strength of the publication
referred to a great many persons went to
work buying lands as fast possible between the
two cities, SO that although there has been quite
good deal of what might be termed activity in
the market during the whole week. A large
amount of real estate has been examined and
many prices have been rearranged, but while
quotations are firm they have not been advanced
or in any material changed. large
tract sold out near lake Como for 81 900
per during the week on the strength of the
railroad canard, but this is the price at which
land is held in that vicinity and has been for
some time.
Real estate men and others, too, are of the
opinion that Mr.. Vanderbilt stated the case
pretty fairly when he said that the business of
the country was beginning to look better and
that it would improve slowly and gradually till
after the presidential election, when business
would very greatly improve and general prosper
ty will follow. All consider the country in q
very safe and favorable condition, The crops
have been good and though the weather for har-
vesting has not been quite as favorable as could
have been wished the crop has
on the whole been well and
safely harvested. The price of wheat, it is true,
is lower than the farmers wish il was, but the
crop is larger and better while the yield of corn
and other small grains has been exceptionally
satisfactory. Looking at the country in broad
way, it seems as though the conditions such
that when the presidential struggle is over, and
the minds of people are composed to business,
that trade and commerce will be much more ac-
tive than they now are.
In the meantime the real estate market
continues to be fairly active, regular.
steady and healthy in this city. The
sales from week to week are just about the
same, while prices have not diminished in the
least.
The Ryan hotel has reashed the seventh story
and is an object of observation from every point
in the city. 1t will be fully under cover in
short time, when work on the interior will be
commenced.
Arthur III: Rogers has bought blocks and 5,
Hersey Wolsey's addition, containing sixty
lots. The price has not been made public, but it
Is understood to be about $1,000. Besides this,
it is understood that Woolsey has sold
$4,000 more. This property is all located out
near Lake Como, and was unquestionably pur-
chased with view to an advance on account of
Of the railroad project referred to. In this con-
nection 1t may stated that c.. L. Dickerman has
bought blocks 1, and 3. Hersey s. Wolseys ad-
dition, and good deal of other property in acre
lots, all for the same reason. Besides these
many other parties have purchased all along be-
tween the two cities, but the sales have been
kept very quiet indeed and it has been like pull
ing teeth to get information.