St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-10
Last Weeks Transfers Indicate an Activ-
ity That is Unusual For The
Winter Season.
A Disposition Noted to Increase the Sub
urban Settlements by Seeking
New Districts.
Probable Action OF the Railroad
Connecting with Newport I'm
Making Reasonable Terms.
Increase In Value of Midway Prop
erty--Last Weeks Record In
Realty and Building.

i NC COuulllOu VI TIE lCaA coteeS A-@~N-
can be very fairly determined BY an exam
ination of the transfers during the week,
which can be found below, and by bearing
in mind that II is mid-winter and the mer-
curry marks from TX to zoo below. The
total transfers for the week foot up $780,
s6s. On Monday the record shows trans
fers to the amount of S5,94S; Tuesday,
S3S, 702; Wednesday, s24, log; Thursday,
sls6.5l5; Friday, SIS. 446, and Saturday.
S23, 147. This showing indicates very
strong, active market. with solid founda-
ton free from any element that partakes OF
the boon" idea. Buyers seek sellers and
the real estate Offices. and consequently the
demand is very active indeed. In all the
history Of this city, nothing Of this kind has
ever before been witnessed. That such
series of real estate transactions should have
been kept up all this winter Is something
that surprises the oldest and most exper-
fenced real estate dealers in the city. An
other surprising consideration Is the TACT
that inquiries both from people here and
also from abroad are nearly as numerous as
they were during the fall. OF course. with
the mercury at 10 or 12o below and snow
on the ground. the idea Of
SHOWING PROPERTY
is out of the question yet even this condi.
ton does not prevent sales, which the rec
ord shows keep nearly up 70 the fall trans
actions. The prevailing idea on the part
of purchasers is 10 get possession OF acre
lots. The first desire still is 10 secure them
on a line between the Manitoba and the
Milwaukee IL ST. Paul roads. as all bv this
time are convinced that this property is
destined TO become very valuable. Unfor-
tunately. however, for buyers great many
people are of this opinion, and the conse-
quence is that real estate all through this
region has gone up TO pretty stiff figures,
which causes many men TO think twice be-
fore investing. This property all the way
between the boundaries mentioned Is high,
but few if any persons can be found who
would be willing to say that an investment
in these acres would not be a profitable and
advisable one.
THERE IS A DISPOSITION
on the part OF many to 90 elsewhere rather
than TO pay the prices asked for this inter-
burban property. AS has already been
mentioned In the GLOBE. certain parties
have gone down on the Milwaukee & St
Paul road. near Newport, and purchased q
large tract of acres upon which 1t Is pro-
posed to build or establish town on plan
similar to the one upon which Merriam
Park was started. The terms and condi-
tons upon which lots will be sold in this
locality have not been determined as yet.
In building up Merriam Park each pur-
chaser was compelled by the terms Of the
| agreement TO agree TO construct house OF
a certain value. What may be insisted upon
i'm this Newport scheme has not been made
public and it is likely that Ii will not be
until next season. If the building coldi-
ton is insisted upon, it will probably be
upon a more liberal basis than has ever be-
fore been offered in this city. 1t is claimed
for this Newport plan that both the Bur-
lington and Milwaukee roads will favor
the idea of town on the line of their roads
east of st. Paul, and will aid. Indirectly, OF
course. in its establishment by making IA
vorable terms Of transit 1t is asserted that
| trains can run down there and back while
they are waiting here at the union depot to
go to Minneapolis and that. too, at a COM
paratively cheap rate. Another party. or
rather, syndicate. has purchased large
tract. consisting of a number of acres three
or four miles south Of the river on the line
OF the Minnesota & Northwestern. and
PLATED THE SAME
with view of establishing a town there.
| Lots in this suburban town are selling very
rapidly. and even in some instances whole
blocks have been sold. 1t is stated that the
Minnesota & Northwestern will run local
trains in a way and at times to suit the peo-
pie who locate there. This project is looked
upon very favOrably by all who have exam
ined it, and the present indications are tina
the proposed town will be grand success.
| The disposition to seek out cheap property
has become prime necessity in ST. Paul
1t is difficult now for poor man to get {
lot for home within a reasonable distanc'
of the city. There was a time when thu
labOring man could cross the bridge int
West St. Paul aud get a cheap lot within
his means, or so nearly so that by mortgag
ing the lot for part Of the purchase money
he could pull through and meet the de
ferred payments, but il Is not so now. A
small fortune is required to buy lot owe
there at this time.
THE RESULT IS
that while all the acre property In what i
known as the Midway district is admitted
to be valuable. it is approaching a prici
that is causing people to look ELSEWHERE
between the two cities IL is not probable
however, or hardly possible, under the cir
cumstances, for ANYTHING TO be found tina
is equal to the property referred to, still
acres are being bought between the tw,
cities as far away as two miles south o
Merriam Park for $500 and $500 an acre II
Reserve town. 1t may also be stated II
this connection that the farmers In that 10
cality are beginning to feel the effects o.
the increase in values all around them 4
such an extent that in some instances the.
are holding their farms as high as 81. o0(
an acre farms tO0 that are located seyAra