St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-24
An Unusually Active Market Prevailed
During the Week, With Some
Very Big Sales.
A Good Move is Made in the Direction Of
Manufactures, and Large One
Arranged For.
A Noticeable Characteristic of the
Market is the Rush for Acre
Tracts in the Suburbs.
PhaIen Property Has Come to the
Front in a Wonderful Manner,
and Promises More.
The Review.

i H6 SURPRISING ACTIVITY III I6dl eSIdOc oIl4l
continues, and the quantity sold appears to
increase rather than diminish. 1t is fact
worth recording that more real estate
changed hands last week than during any
other week in the whole history of the city.
Some of these transactions are still kept
from the public for reasons that are salts
factory to those interested. Among the
big deals on foot and which are partly COM
Dleted is the one in which DR.. Bryant and
several other gentlemen are engaged, three
or four miles below the river on the west
side. The object in view has not yet been
definitely stated. 1t first it was reported
that some manufacturing establishment
was going in there, but this seems to be a
mistake. and now it is pretty well under
stood that the property, which contains sew
hundred acres, is TO be plotted and laid out
in town lots, thus adding another suburb to
the city.
RESERVE TOWN.
Recent events have attracted good deal
of attention to Reserve town on the West
side of the city. Some weeks ago the
GLOBE published a sale made by Mr. James
ii. Davidson in that locality Of new large
tract. That seems to have been the first
iatimati0n that the attention of buyers was
acres in the same vicinity have been re-
ported sold, and altogether there seems to
be a moderate degree of excitement in that
direction. The question is frequently
asked as to what it all means. The gen
eral reason for it is that the motor line is to
be brought across the river near Fort Smell
ling and that it will be taken right into the
heart of the city of st. Paul, thus connect
ing these two cities. This old motor line
has been used many times to boom property
in various parts of the city, and usually
with a good degree of success. 1t comes
and it goes. and then you do not hear of it
for q long time till somebody's property
needs booming, then again the motor comes
in play, and is made to do duty. 1t is never
seen. Nobody knows who is in it, or who
Is managing it. 1t is like the great sea ser
pent. Some captain reports having seen
the monster, He rode on the waves and
stretched out many league on the crest
of the billow. and then he suddenly
disappeared. So it is with this motor. 1t
is a monster in power and it is coming
here and coming then all the time. and
then disappears and is not seen again for
months. After Col. Davidson sold that
property out in Reserve town for $500 and
5000 an acre, several real estate men were
interviewed in regard to it, and when asked
why it sold so high and what was likely to
happen out in that direction that should in.
crease the price so much and make it so de-
sirable, they at once said the motor line is
coming. When asked where and when,
they knew no more about it than they
would if they had lived Oh the Nile. There
seems
TO BE A TENDENCY
on the part of purchasers to scatter outside
of the thickly settled portions OF the city in
almost every direction and buy acre prop
erty. Much was done last year in acre lots,
but the trading was confined almost eXclu-
sively to property between the two cities.
This, however, has increased in value so
much that buyers are beginning to look
elsewhere, and are now buying in a good
many other directions. Some have gone so
far as three miles north of town; others
have gone six or eight miles down the river,
out east Of town, in Reserve town,
and, in short, in nearly every direction.
Notwithstanding this, it is not at all proba
bic that the value Of property will depre-
ciate between the two cities. That part of
the city is too desirable and too necessary
to fall off. 1t is the choice part of the city
and will always hold its own against any
other part. During the past week there
mostly near Lake Phalen. The Frost-Ide
sale will be completed tomorrow. This
tract consisted of 200 acres, which sold for
$500 per acre to A. g. johnson. Edmund
Rice. Jr., sold 26 acres near Lake Phalen
at $500 per acre to w. r. Marshall and
others. who claim that the intention is to
lay it off into an addition and plat it for
sale. p. +. RaSche bought the Donaldson
piece of 40 acres for S18, 900. This is
also near Lake Phalen. Reuben Warner
bought the Norton piece, which contains
50 acres, at 5000 per acre. The Stees
farm of 107 acres has already been men,
toned. 1t was bought for man.
ufachlring purposes, and portion
of it is intended for the Bohn
manufacturing establishment. 1t is re-
ported that several other parties are nego-
tiating for other tracts out in that locality.
and it is not at all improbable that before
a great while other sales be announced. 1t
currently reported and upon authority that
seems to be reliable that a large wagon
factory and a watch factory are to be To-
Gated in that vicinity. Fifty acres in How
ards garden lots. about a mile north of the
junction Of the Wisconsin and Duluth rail-
roads, were sold yesterday by II. S. Fair
child.
THE NORTHEASTERN PART
of the city of st. Paul has always been
neglected and is to-day, and it might be
said that the whole northern part of the
city has shared that same neglect 1t was
but few years ago that there was very
few houses north of Tenth street, and now
when one gets to Thirteenth he is about out
of the city, This state of affairs will prob
ably continue till the jackson street hill is
cut down. One of the most noticeable
things neglected by the city OF st. Paul is
the matter of improving the highways. 1t
has always been one very Objectionable part
of our policy. If anyone rises up in the
chamber OF commerce and insists upon
certain highway being opened or extended
or improved. especially if the work is likely
to be costly, he meets with snubs and in
some instances with conduct and remarks
that amount almost to downright insult.
When J. w. McClung In the chamber of
commerce number Of years ago raised his
voice in favor of constructing bridge across
The Mississippi river at Fort Smelling,
be was subjected to very coarse criticisms
and what he said was treated
with derision, especially when he preached
the idea of obtaining a large sum of
money from the general government to
assist in its construction. What McClung
then suggested is now an accomplished fact,
and one of the most important ones to the
city. Except Rice and Mississippi streets,
and perhaps Park avenue, the outlets to the
region north of the city are very few and
the consequence is that part of the city is
greatly neglected.
THE LAKE PHALEN WILEY.
Some of the shrewdest of st. Paurs
business men do not hesitate TO express the
opinion that the Lake Phalen valley is to
be the great highway, as it might be called.
of all the railroads coming into the CITY