St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-06
REAL ESTATE MARKET.
With the Closing Down of Winter, the
Activity in the Mark Begins to
Abate Somewhat.
The Sales, However, Hold Up Strong fol
the Week, but a Moderate Trade
Only Is Expected.
n. III. Tfmme's Property on st. Peter
Street Sold at Auction Yester-
day for $2 500.
and the Large Territory 1t Is Open
ing Up to People.
The II ecOrd.

ing Up to People.
The Record.
Since the last review of the real estate
market in these columns a sudden change
has taken place in the weather. From the
mild, bright autumn weather that prevailed
for most of the months of October and No
vember, and which even extended into De
cember, we have been transported
to climate OF sharp, steady cold
weather that promises to remain
with US straight thrugh to spring,
while upon the ground there is a thin car
pet of snow. In short, winter has made its
appearance, and the consequence will nee
essarily be that the real estate market,
which has been so remarkably active during
the fall, and even up to December, when it
was as active as ever before at any time
during the summer, will be very
seriously affected by the change.
Never before has there been such an amount
of business done in this line during the fall
and early winter months as there was this
season. It has surprised all dealers IN real
estate. The amount OF real property trans
ferred so late in the season has aStonlshed
all. The volume of business. now that the
Wl1I6I Ids COulnCuCCu III AbOoOf "iAA3 "
necessity, be largely reduced. This re-
duction has already commenced. the
amount of business transacted will cOntinu-
ally diminish from this time forward till
spring. A considerable number of Eastern
people with money, who have been in st.
Paul for several weeks investing in real es-
tate, and who were looking around for other
investments. have returned East, waiting
till the early spring, when they expect to
be here in time to pick up some good
pieces The experience that these
Eastern buyers have had here during the
last few months has been such
that every one OF them will
repeat it in the spring. While here they
have seen large number Of the streets OF
the city torn up and absolutely impossible
on account Of the public Improvements go
ing on. They saw, besides. considerable
number of large business blocks going up.
sewers, gas and water pipes going down in
these public thoroughfares that were so
torn up, and in general they witnessed a
hustle. kind Of vim, snap and energy that
surprised them. The sum total OF the Inn
preston made upon the visitors was re-
lnarkably favorable one. There was too
much evidence OF solid thrift and genuine
prosperity for them. No room was left for
doubt as to St Paul being vigorous. thirty
ing city, prosperous ia all that may be de-
sired and very solid financially. The evil
dence was unmistakable. 1t is difficult to
conceive Of
A CITY LOOKING WORSE
than st. Paul did during the summer and
fall. Robert street. from Third to Seventh.
was so torn I'D for several months as to be
absolutely impossible. The Kerr pavement
was to be put down, and 1t became neces-
sary to put in the sewer connections all
along the street. and to complete all the
water and gas connections SO as to avoid be-
ing compelled to tear up the pavement. At
the same time Sixth street was being paved.
The result was that the Ryan hotel, On the
corner of Robert and Sixth. looked as
though 1t was in mud hole, and there II
was that many of these Eastern capitalists
stoy,ped while here. The prospect to them
as they gazed out of their WIN
dews at the Ryan was anything
bat pleasant As it was on Robert
and Sixth streets, 50 it was all over other
parts of the city and up Oh st. Anthony
III These business men laid aside con-
siuerations Of convenience and took
broader view of matters. They argued that
a city that required such improvements and
that could command the means to make
them must have present business and
business future before it that was solid. and
the conclusion was that ST. Paul was safe
and solid town and full OF promise. With
thesS considerations, men from abroad put
their money into lands very freely, much
more so than ever before, 1t may also be
said that citizens in ST. Paul. VINO have
nevex before had any courage or disposition
{-xtS. tot In, off
have dipped in quite heavily during the past
season, and many of them now possess a
gooAiF number of acre lots that in the near
future will bring them in large advances
Rpeh the investment, In all respects the
| past season has been prosperous one fot
real estate, while the promise for the COM
ing year is still better. The business of the
| week has diminished somewhat, as it was
expected it would. The cold weather was
too much for it,
Tts near approach Of the completion OF
Oakland avenue indicates that the people
viii soon be given a more direct route to
ST. Anthony hill The property adjacent
to and In line with Lincoln and Grand
avenues has come into active demand and
values have increased In the last sixty days
not less than Is per cent. A building boom
has already been started in that direction,
for over score of houses are going up, and
dag by day foundations are going in, SO that
it Is safe to predict that the coming spring
will set hundreds of buildings in process OF
erection On that line of improvement. Lin
coin, Portland, Holly, Hennepin, Division.
Hag6S and Selby avenues have all been
| graded. and one cannot look upon these
avenues without seeing new structures go
ing DIP,
Mr., Maranny has erected fine house on
tho corner of Chatsworth street and Henne-
pin avenue costing $4,000, barn costing
81 800. and other improvements.
Mr.. Bartlett has erected house cost
inc $4,000 Oh Summit avenue, west of
Dale,
Bryant's park addition.
Mr.. Darling Mr.. Davidson. Mr.. Ruff and
others have erected residences on Lincoln
avenue, and to all appearances property
| will be in great demand on the line of Oak
land and Lincoln avenues next year. All
these residences are large and handsome.
1t is not too much to say that some Of the
finest residence property in or near st. Paul
lies on the line of these avenues. The
property south of this tract will be accessi-
BILE the coming year by the grad
ing of st. Clair street, the
contract for which has already been let.
According to the contract the work must
be finished by June, 1856. So that portion
bounded by Summit avenue on the north
and the Chicago, Milwaukee & st. Paul Oh
the south will be filled with choice and val
liable building, having the two direct thor
oughfares, Oakland and st. Clair streets,