St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-23
TALKING ABOUT DIRT.
The Market in Real Estate, Though Not
Active in Transactions, is Very
Firm.
Still Talking About the West st. Paul
BoOm-A Good Deal Of Stir Over
There.
Dayton's Bluff Property Likely TO
Come Into Market Soon at Good
Figures.
= street Railway service Much Needed
by the People OF the Fifth
Ward.
The Review.

The Review.
Dealing ia real estate during the past
week has been about the same in volume as
it was during the preceding week. While
sales have not increased. prices nave
Strengthened and are stronger and more
firm than at any time this year. So far as
the value of property is concerned. that
does not appear To be affected by the
amount sold. These values are fixed on
altogether a different basis. and that basis
is the settled, fixed confidence that the city
of St Paul occupies such a commanding
position, and has 50 many elements of sue
cess and prosperity within Its control. that
ii is merely question of time Is 20 how
much property here is 10 be worth. Often
times similar hopes and expectations have
failed utterly to be realized. II does NOT
seem possible 20 study cut any way IN which
failure can result in this case. Nature
seems to have settled this matter years ago,
and the ingenuity and skill of men are now
engaged simply in developing what was
long ago preordained. These conditions
and elements Of success have been many
times enumerated and need noi be repeated.
The condition Of the real estate market is
solid and firm, and that condition is accom-
panied with the apparent certainty that
ltfAiA4lae hAt hii anu
bile disaster can prevent gradual and per-
lnanent advance
THE WEST ST. PAUL BOOM.
ST. Paul never has a boom. Ii occasion
ally has little spurts and financial eXcur-
Si0ns into certain localities or parts Of the
city where prices shoot forward. but for a
genuine boom, manufactured for the 0cca-
sion, she has no use whatever. Her con-
sentative ways require something more
stable and tangible, something that has
basis of sOlidity and permanence. West
st. Paul is now. and has been for some
weeks, enjoying one of these little eXcur-
sionS, and the consequence is there is quite
a good deal ofeXcitement over there. Those
who have property do not like TO sell even
at prices that a short time ago would have
been regarded as unreasonable large. while
those who have none there are striving TO
pick il up. Just what il is that causes all
this anxiety is not precisely known. There
is a feeling that is quite extended.
however, that something is about
TO tranSpire that will largely and
quickly increase the value of real
estate in that part Of the city. The idea
that is most generally prevalent is that an
other railroad is about to make its way into
the city, and that il will follow in the foot
]
come up on the west bank of the river and
| through West ST. Paul. There are Others,
however. who believe that instead of the
road taking the route suggested. that it will
come in through the valley at the harvester
works. One of the principal things that is
sought To be accomplished now is 10 asceT-
tain just which route will be taken. Those
who have real estate near the harvester
works claim that all the talk about the West
St. Paul route is made for blind. for the
purpose of misleading people by directing
their attention 10 the latter point while the
railroad managers are quietly and secretly
picking up what real estate they want at
prices that are somewhat near reasonable.
The citizens of West st. Paul do not look
at the matter in the same way. They are
of the opinion that they have the only nat
uTal route into the city and believing this,
they are disposed TO set value upon their
property. Prices are very firm in both
! localities, and though in some instances
fully as much as the property will bear, it
is not likely they. will ever be less.
PROSPECTS FOR BUILDINGS.
0fcOurseit is altogether too early to spec
ulate as to the amount Of building that will
| be done in ST. Panl next season. 1t is evil
dent. however, that if no unexpected mis-
! fortune occurs that it will exceed in amount
! that of the present season. The city is
/ stretching out in all directions with more
/ surprising rapidity than ever before known
| in its history. This enlargement is not con-
! fined to any particular locality or any
single direction, but seems to be general
sort of natural overlooking ON all sides of
the old boundaries. a general spreading out
all around the borders. 1t is altogether
probable that next season the increase OF
population and the amount of building in
| the Fifth ward will be very large indeed.
/ The great point now is 10 secure the en-
| trance of the street railway into that part
Of the city. This is the one great improve
ment that the people in that ward have had
! in mind all these years. At first they
only sought for the opening of some of
/ the streets. so that the bluff could be
reached without people being compelled TO
/ risk their lives i'm crossing a network of
railroad tracks to get to their homes The
people in that ward We're not slow to see
/ that something more would be needed than
! streets. They found that population was
/ increasing so rapidly, as far out as the har-
yeSter works, thata Street-car service would
/ be n necessity. This has been the intention
all along since the commencement of the
work of grading Seventh street. and every
! day new evidence is furnished which dem
onStrates more and more clearly the neceS-
sity of having the street cars run ont on
/ East Seventh street. This bluff is lovely
one, and from it many very attractive and
! extensive views can be obtained. 1t will
always be very desirable residence part of
/ town. and when the street-car service is
extended out there ii will rapidly increase
in population.
JACKSON STREET.
This well-known thOrOughfare the use
fulneSs of which is very greatly limited by
that well-knOwn hill which holds back the
prosperity of the street. has been very
roughly used this summer. and is in such a
condition that one good. tearing rain storm
would very seriously affect il. In the grad
ing of Valley street il was necessary To haul
a very large quantity of stone onto the
street, to have broken up for the founda-
ton. This stone has been hauled over the
hill. The consequence is that the heavy
/ loads and the narrow wheels have succeeded
in cutting the surface of the street all 10
pieces. One good. hard rain would plow
the street out so that it would be almost. if
not wholly, impossible TO use il, and very
expensive to repair it.
The Record.
LAST WEEKS TRANSFERS.
No. Value.
1