St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-02

When the Northern Pacific bought the
kiee property on Mississippi street, there
was boom in Mississippi street property
that sent prices up on that th0roughfare in
the same way. but it did not last as did the
boom IN West st. Paul. Notwithstanding
prices IN the Sixth ward went up from $50
lot to IS. 900, the rise was permanent and
Is rather increasing than diminishing to-day.
THE MIDWAY DISTRICT.
This district, lying west of the city be-
tween the two towns. is regarded. all things
considered, as the most desirable of any
part OF the town. Values there have ad-
vaneed more steadily and permanently than
anywhere else except in West ST. Paul, on
seventh street and in Kittson's addition. Ii
Is the future OF this part of the town that
gives II It's great value and importance 1t
generally understood and admitted that
al the elements point TO the Midway DIS
trict as spot where very potent elements
are combining to make a great business
center. Property all around through this
district has advanced very rapidly. ONLY a
short time ago it was mere prairie. worth
from $3.50 to $500 per acre. The cheapest
or 1t now can hardly be bought for So. 600
an acre. In the Immediate vicinity of the
transfer and around the Northern Pacific
shops it cannot be had for that.
MAcALEsTRB COLLEGE.
The location of this seat of learning out
on Summit avenue is the means of forming
nucleus around which is being built I'D
thckly populated suburb. But two or three
years ago the land out there could be bought
Tor $500 an acre. and now il is selling at
5000 per lot. or S3,6 per acre. Mr..
keuhi was offered last week S45 600 for
twenty acres near Smelling avenue and the
short line. These are merely specimens of
the increase in the value of real estate In
this one locality. As it is here so ii is all
over the city. Out Rice street and all
through Hands addition and around Ele-
yator prices have within the last two or
three years advanced with great rapidity,
until now the prices for lots are four and
nve times as much as they were year or
two ago.
THE NORTH PART OF THE CITY.
One OF the most neglected parts of St,
Paul has been for long time all that
stretch of country north of the city. all
through, from Bluff street back beyond the
ST. Paul d Manitoba shops, and along be-
You'd to the northern city limits This
property having been so long neglected is
now coming up very rapidly in
value. In many places IL has in
creased 500 and 400 per cent, with
every indication that 1t will greatly
ard rapidly increase in the Immediate flu
ture. Population must flow out In that
direction with great rapidity. Large money
IS being made out there. and quickly, too.
The increase in values is not. as will be
seen from what has been said above, con-
fined to any one point In st. Paul. Nature
gave this city location such as to COM
lnand the attention of all beholders, eli
mate that cannot be equaled on the face of
the earth. one that produces strong, wig.
Orous. healthy race OF people. full of life
energy and determination. The Mississippi
river, and the railroads with their thousands
OF trains arriving and departing daily, open
up the commerce of the world to us, while
the inexhaustible wheat fields west of us
and the gold and silver mines between here
and the Pacific coast give unmistakable in
| dications that st. Paul Is the center of an
immensely wealthy and fertile region.