St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-29
The Minnesota & Northwestern Makes a
Contract of More Than Usual
Importance,
And Thereby Gets Into Minneapolis Over
the St. Paul & Northern Pacific When
It is Finished.
RaalEstate Very Firm and Solid, ana
Daily Growing Stronger--Busi-
ness Property.
West ST. Paul and Dayton's bAun
Property Still Looking u p--e'
Improving.
The Review.


Last weeks real estate Market as W III
ouirv and sale, was in no respect uihoio ~,
from the many preceding ones. Inc oniS
variation. if it amounts to Varla'ioil' 10
that the inquiry during the week seeiils 70
have changed slightly from tiiat iol acles W
a more vigorous demand Tor INSIDE lotS III
the business districts. mere were I'm lll
bar IF large transactions which covered sew
ou, " ,-or;aties of property, and in several
narts of the city and suburbs. There does
not seem to have been quite so urgent de-
mand for residence building lots as there
has been. This is very natural at this sec
ton of the year, when people nave
become settled for the winter. Inc
General feature of the market during
the past week may be said to nave
been the marked inquiry for business prop
err, and acre lots. The sale OF the slhailer
lots for building purposes has fallen INTO
the back ground. and purchases Oh the
higher-priced land and buildings aoFahta-
geousIv situated for investment consCltute
the feature. In this respect 1t cannon De
said that any particular locality has peen
the favorite. but it will be noted that there
have been some very good sales IN WesC Of
Paul. also at Midway, where tnere Is d.
WAYS a good demand for all KINDS OF prop
ertv. Inquiry for real estate mas III ldce
extended all around west from Klce SVreet
to Hamline, Midway, and east to west ot;
Paul. Property east OF the city mas not
been quite so actively inquired Tor, SUI the
1rirps are firm and unchanged on Daytons
biTfS in East st. Paul. and on
Arlington hills Everywhere, in fact. prices
are firm and strong, with no Indication
whatever of any diminution. The fall OF
the wear has never before looked upon the
real estate market III ST. Paul when 1t was
SO firm and solid as at present. NotWlth-
standing THANKSGIVING occurred during the
past week, upon which day no business was
transacted. the sales for the week run up 10
about the usual figures.
AN IMPORTANT RAILROAD CONTRACT.
A very important contract between the
ST. Paul & Northern Pacific COM
many and the Minnesota IL North
western railroad has just been en-
tered into. whereby the latter road, the MIN
nesota & Northwestern secures the use OF the
ST. Paul & Northern Pacific road for nine
hundred and ninety-nine years. Inc man
points of this contract are as follows: Inc
document recites that the st. Paul q North
eTn Pacific road is authorized to construct,
Dvn and operate a road from Brainerd, by
vav of Minneapolis and st. Paul. to Man.
kato: that it has constructed the road from
Brainerd to Minneapolis, and that now 1t is
engaged in building the same from MIME
apolis to st. Paul The parties OF the sec
ond part, the Northern Pacific road, nave an
agreement with the st. Paul 81 Northern
Pacific company by which it has leased OF
the latter for 999 years. all the roads quilt
and to be built by it. The document then
recites that whereas the Mime
,eady constructed line from the
southern boundary of the state of Minnesota
10 ST. Paul and has secured an entrance
into the union depot in st. Paul and desires
10 obtain a railroad connection with the
tracks of the st. Paul 81 Northern Pacific
road. and use the tracks in company be-
tween ST. Paul and Twentieth avenue south,
,n the west side of the Mississippi river in
MINNEAPOLIS, in consideration of 81 and the
mutual covenants and agreements already
fixed upon. the ST. Paul & Northern Pa
,ific company agrees to complete the road
between st. Paul and Minneapolis, includ-
ing a substantial iron or steel bridge adapted
for double track purposes, connecting with
the Minnesota Transfer company on or be-
fore the 31st of December, 1885. unless pre-
vented from so doing by some misfortune
DR. calamity that it has no power to control
Dr. prevent. and the Northern Pa
eific company leases to the Minnesota
& Northwestern company the use OF the
road for the term of 999 years. For this
use of the road the Minnesota & North
western company is to pay the Northern
Pacific company as a minimum compensa-
lion each month sin gold coin of the United
States. of OF equal to the present standard
of weight and fneness, which shall be equal
10 the 1-12 part of l per cent. upon ;the
value as said value shall be determined
and established in the manner hereinafter
nroyided.n Provision is also made to pay
more in case the Minnesota q Northwestern
road does more than its proportion OF the
business done over the road. Ii the road
Is not completed by the 31St of December,
1887. the Minnesota & Northwestern is au-
thoriZed to treat the contract as null and
void.
DAYTON'S BLUFF.
Now that the street cars are running out
to Post Siding, attention appears to be
somewhat more attracted to Dayton'S bluff,
and inquiries in that locality are becoming
more numerous. and it may also be stated
that the people in that part of the city ale
becoming awakened to the importance of
attending to certain Improvements that are
needed. The Fifth Ward union is doing a
good work. Steps have been taken by the
enterprising citizens on the bluff to have
seven electric lights placed in different parts
of the ward at the corners of the principal
streets. where they will be of the most serv-
ice. The citizens have to raise the money
for the poles. but the city fur
nishes the light. This is an indication
that the people of the bluff are alive to
the Importance of having something done
to bring that part of the town into promi-
nence Since the union was organized
property in that vicinity has been gradually
and steadily improving, and prices have
become considerably stronger. Next year
the street cars will probably be extended
north and south from Seventh street
through number of avenues. so that the
remotest inhabited points on the bluff will
be accommodated with the means of easy
transit to and from the city.
THE BURLINGTON ROAD.
There still continues to be good deal of
curiosity expressed as to what this road is
doing or is likely to do, and rumor after
rumor is set afloat to the effect that it has
purchased land here, there and everywhere.
1t is not a matter of great Importance where
the purchase has bt.1n made, or whether or
not it has been made at all, but it would be
somewhat gratifying to some to know just
where, providing the sales have been COM
pleted.
WEST ST. PAUL.
Real estate is still very active in the Sixth
ward, and prices are very firm. The sub
stantial character of the buildings erected
there, the railroad. the grading of streets
and the preparations for street cars gives
the Sixth ward the appearance of very
active and thriving city. Property is well
up in price, still the holders are very firm,
and Indifferent as to selling. Buyers, even
at the present figures, are anxious to pick