St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-22

ST. PAUL REAL ESTATE.
No Special Change to Speak Of But a
Healthy Tone Prevailing Every
where.
Prices Strengthening Up in a Steady
and Continuous Manner all Over
Town.
Eastern Money Coming Here for In
vestment--St. Paul People Take
q Hand.
Great improvements Being Made in
the Fifth and Sixth Wards OF
the City.
ST. PAUL REAL ESTATE.
Real Estate Resume.


Real Estate Resume.
The situation of the real estate market
has not materially changed from what it
was last week. There have been no sudden
jumps in prices, but they have been grad
ually improving. and the market mas been
greatly strengthened at all points in quiet.
regular. settled way. One great cause for
this condition of this market is owing I'M
doubtedly to the general Improvement in
all departments of business. All of these
report continued and gradual increase.
A great many personal buyers are in
market, and the order trade is
greatly improving. Everywhere a steady,
gradual improvement in the business of the
country is reported. There is no mistaking
the signs of the times. There is more strength
in the markets, while at the same time all
the manufacturers are short of supplies.
The labor troubles that broke out so vigor-
ousy in the early spring caused general
suspension of manufacturing throughout
the United States, differing only in degree.
Some establishments shut down their mills
entirely, while others run them on part
time only, and still others run with less
force. In all of them there was a general
curtaiIment of production. The re-
newal of manufacturing is not
yet complete. Many establish
ments are now merely feeling their way to
know how far they can venture and how
full they can run their mills. The result is
that while there is shortage in manufac-
tured goods the manufacturers are daily in
creasing their supplies and will soon be in
general activity. All this increased activity
in business serves to give additional force
and strength to the real estate market.
Business is more active. Large quantities
of goods are sold. collections are satisfac
tory, and the crops, especially in the North
west are much better than it was expected
they would be. The result is that dealers
have surplus which many of them put
into real estate. On the other hand people
from abroad who come to St. Paul. or who
hear of it learn of a city growing in wealth
and commercial and manufacturing import
ance in such manner that they are filled
with surprise and admiration. They learn
that per cent. city bonds are selling at
premium; that railroads and manufacturers
are all struggling to get in here. They see
the statistics of the amount of goods sold
here; our commercial supremacy, and the
natural location of the city, where it neces-
sarily commands the gates of the North
west, and the immense commercial stream
that flows from that vast territory north
and south of u.s. This is what Eastern cap
italists see and naturally they look to st.
Paul and
CONFIDENTLY INVEST THEIR MONEY
here. These and many more similar con-
siderations of like character serve to give
the real estate market that degree of conf
dence and activity it has at the present
time. It is not owing to any extraneous
and artificial causes that this department Of
business is in such state of vigorous ac-
tivity as it now is: 1t is simply the result
or consequence of prosperity in commercial
and manufacturing departments. The real
estate market may be regarded as the signal
service bureau of the mercantile world.
Here in st. Paul this department or branch
of business is very active. Prices are
strong, firm and steady. ANY de-
Sirable property offered at any
thing like reasonable prices will
find ready purchasers. The line
of property sought has not changed ma
terially from what it has been all summer.
The principal demand still appears to be
for business property. Not only our own
citizens are looking for such, but good
deal of Eastern capital is mere awaiting
investment, and great many Eastern
men have been here personally looking for
desirable property. The first effort made
is to get something OH Seventh street some
where between Sibley and Wabasha streets.
Failing in this they look for property in the
lower part of the Second ward, between
Jackson, Wabasha. Third and Seventh.
This district is being rapidly built up with
heavy business blocks and is fast becoming
an important part of the business center.
WHERE THEY BUY.
1t is difficult to say where purchasers
about as much in one part of town as in
another. Midway seems TO have very
solid hold upon everybody, and will. I'M
doubtedly, continue to hold this advantage
as long as there is anything there to be
sold. The reasons for this partiality are
so we'll known that they need not be re-
peated. The value OF property there is not
likely to be affected by cattle yards and
glue factories, as the people have expressed
themselves very candidly and clearly upon
the subject. The result is that the trans
fer will remain there and largely increase
trade which will ultimately cluster
around the nucleus that is there
formed. All the property along between
the cities is known and understood to be
the cream of the city, and it's acres must
necessarily become very valuable Nature
formed it. for success. Much building is
going on at Hamline, which is another at
tractive spot to all people. Merriam and
Union parks have often been spoken of.
Both are receiving large additions to their
handsome residences and business blocks.
One thing is very noticeable, and that is the
rapidity with which business is invading
some parts of the residence portion of St
- Nl.s-
eral years since on the southeast corner of
Dayton and Western avenues, and now it
appears to be moving both ways, north and
south, and also east and west. MI. Lover
ing has commenced putting up a block of
six stores and tenements on the corner of
Selby and Western avenues, and the next
move, the knowing ones maintain, will be
made on Smelling avenue, which they
claim is to be the great north and south
business avenue in the city. West ST.
Paul has often been spoken of; there is no
change at all in the situation in that part
Of the city. There is great deal Of
activity over the river, and both
business and residence property is being
daily and steadily improved. Take it
altogether Dayton's bluff presents a scene
of bustling activity in building. grading
streets. putting in sewers. water and gas.
that it is difficult to surpaSs. There are
many people in st. Paul who do not go
upon Dayton's bluff once year. They
would be astonished at the changes made
there during this season. and property has
increased in value there to considerable
extent. West side property, especially
near the Robert and Ducas street bridge,
has advanced considerably recently. Prop
erty around Lake Johanna has felt the gen.
Rl,a in ri 70 f1,r
property around Lake Phalen. All over
the CITY the same STRENGTH annears