St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-01
ST. PAUL REAL ESTATE.
Notwithstanding the Lateness of the Sea-
son, Real Estate in st. Paul is
Still Active.
Sales Continue Large and Good Many
Buyers are in the Market Seeking
Investments.
The Charge That Prices Are Put Up
to Keep Out Railroads is Not
Sustained.
With Industry by Men With
Money.
The Review.

The Review.
The real estate market, which was very
active week before last, did not change
much during the past week. IL was
thought by some that the decline in wheat
might cause falling off i'll inquiry as well
as in sales. but this has not proved 10 De
the case. 1t is natural to suppose that as
the DAYS grow shorter and the winter
months come upon us that there Will be
rest given TO the real estate business, which
has been so active all the season,
especially during the past two or
three weeks. The consequence will be,
therefore. that soon the advance in prices
will be much less rapid than they have been
in the past few weeks, until at last in the
dead of winter trade in real estate will be
very limited.
TRADING IN ACRES.
The business of trading in acres appears
to be with some dealers still the most popu-
lar and successful way of dealing in real
estate. A number of large tracts are under
negotiation Some of these to the south
and west of the city will soon be taken out
Of the market and cut up into build
ing lots. Of this kind OF prop
erty there is a good deal in the western part
of the city out on Rice street. at and around
Hamline, the fair grounds and, III fact, all
the way through the Midway district.
Out through this part OF the city some OF
the most successful real estate dealers III
ST. Paul have struck in and made fortunes.
There are still others that have just com
menced to feel of the market in this respect
and there are a number Of acre tracts that
are partially OF wholly under contract,
In this connection it may be stated that
during the week there have been good
many inquiries for acre property by manu-
featuring establishments which have been
attracted here and desire to locate plant
in ST Paul. The points that strike all
these parties the most favOrably are the
flats in West st. Paul, all through the
Harvester and Lake Phalen district and
Midway. Other parts of the city were
looked at but nothing in town seemed
to please them like the points named. VI
the three points name, the Midway and the
Harvester districts met with the most favor.
They all recognize the prime necessity OF
easy, quick and convenient connection with
railroads. where with short haulS they can
with trifling expense put their inanufact-
ured goods on board the cars. In this con-
venience lies large part of the profits. Ii
the manufacturer is so situated that he can
have a train of cars backed up to
his establishment so that he has to handle
his goods but once before they are on the
train, there is more money for his goods, to
him. than there would be if he was COM
PEELED to load them from his mandatory
onto a dray and have them transported half
wav across the town. These are the two
great advantages that the Midway district
and the Harvester works will always pre-
sent. Spur tracks can be run out to any
manufactorys that is established near either
of them. This is just what has been done
at the transfer. A furniture mandatory
was established ont there last year, within
a mile or two of the transfer, and spur
track was run out to it, so that the furni-
ture that is manufactured in that factory is
loaded Immediately, with but one handling
directly to the cars.
An UNJUST STATEMENT.
The assertion has often been made that
holders of real estate in st. Paul, just as
soon as railroad signifies its intention to
come to this city, crowd the price of all
property on the line of the proposed road up
so high that the railroad will not take it.
and that if they have not the property in
their possession. as soon as they learn when
the road is to come they go and buy ND
all the acres around on either side
of the proposed line and then
charge the railroad enormous prices. so
high, in fact. that the railroads abandon
the city of st. Paul, and seek other points
upon which to locate their shops. This is
a serious charge. and if true, the people of
st. Paul would be justified in dealing
harShly with any citizen that should be
guilty Of producing this result. An in
vestigation of the facts does not sustain the
charge. 1t has been made recently in con-
nection with the Chicago Burlington q
Northern road, in regard to which it is
openly stated that the high price put on
land in St. Paul has driven the shops of
that road out OF town. and that the shops
which would employ several hundred men
are to be located at La Crosse, or at some
other point down the river. Now, the
truth of the matter is, that there are men in
St. Paul to-day who will donate to that
road, on the line of the road, within four
miles of the business part of the city,
eighty acres upon which they can place
their shops, and whatever else they please.
The Irish farm" a few miles down the
river, that was purchased by st.
Paul man a few weeks ago for S35
an acre, and near the line of the Chicago.
Burlington IL Northern, has been in the
markets of the worldfor years. and yet this
railroad did not buy it. The O'Connor farm
that was sold a few days ago for $40. 600
Ids DCCil III lilttlACb DIT tqlOO pei dClt lUl
years. This farm is close to the city and
directly on the line of the same road, and
yet the Chicago, Burlington & Northern has
never made an attempt to buy it. There
is plenty of property that this
road can get now for their shops at a very
moderate figure and which will be just as
convenient and satisfactory for the pur-
poses of shops as anything that has been
bought.
THE AILIS SALE.
One of the largest sales OF the past week
was that made by Fred Allis. A number
of years ago Mr.. Allis erected thirty or
forty small, one-story frame houses,
on Mt. Airy street, near Jackson,
and within easy reach of the
st. Paul q Manitoba shops at the head
of Jackson street. He did this with view
of furnishing cheap, convenient place of
residence for the workmen in the shops,
within easy reach of the shops where they
worked. The plan upon which Mr.. Allis
went to work proved eminently satisfactory.
He made a satisfactory interest upon the
money invested. The houses proved a great
convenience for the workmen and their
families. and so useful and valuable to
them that the rent was paid promptly and
good care was taken of the houses. This
naturally rendered the property very
desirable for that kline, and it consequently
sold at good prices. 1t has many times
been stated that just such houses as those
erected by Mr.. AlliS. costing between 5000
and $500. in certain localities, are what
is wanted in st. Paul. This experiment of
Mr.. AlliS demonstrates the fact that such
houses. so as to make heating economical,
near to some shops or manufacturing estab
lishment, so that the tenants can obtain
employment. will be profitable to the one
that erectS them.
THE CHICAGO, BURLINGTON & NORTHERN.
-IhAre is inst Ialnh clrinSit1r aud