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

II Is any one. 1nere is an immense amount
OF money being put into real estate out
there, and everybody is just as mnch in the
dark to-day in regard to who is putting in
the money as at any previous time. Most
people are satisfied that there is some
scheme in which monied men see large
opportunity for handsome profits.
SEWERS THAT HAVE BEEN LAID.
As an indication OF the demands OF the
city it may be stated 262. $50 feet of sewer
age have been laid in ST. Paul during the
past year at cost OF sos. 062. IA. as follows:
First ward, 2s. 900 feet, costing Ss.693.5l;
Second ward, i1.2l0. SIS. GA. 20; Third
ward. 1884. S1S.2s2. So; Fourth ward,
$50. SIS. 7s4; Fifth ward, SO, $50, Si5,-
79S. 10; Sixth ward 11.200. S9.579. 40;
Seventh ward. 40.270. S6.637.sO: Eighth
ward. sc, 275, S14. 403. So; making a total of
262, eco. costing 500. O62. IA.
WHERE THE CHANGES OCCURRED.
One OF the most interesting subjects for
consideration to the person who has resided
in ST. Paul for the last few wears IS the
marked and significant advances in the
value OF reality. The advance, which must
be noted and recorded, has been general
throughout the whole citt, i'm every part
and on every street. Ii must not be UNDER
stood. however. by this remark that the
same degree of increase IS noticeable in one
part Of town that there is in another part.
The great bulk OF the advance has moved
west. out into that open p rairie between
the two cities, that is destined, sooner or
later, To become very thickly populated
part of ST. Paul. The increase has been
more noticeable aud sudden also i'm West
st. Paul. than I'm most other parts of town.
As a general thing. however, the advance
has been pretty even all through the city.
1t is more striking, however. where the
growing industries and irresistible energy of
the city crowds ont upon the adjoining acres
where realty is held very cheap indeed.
There il is that
PROPERTY JUMPS SUDDENLY
up from a small. nominal value to one that
Is almost fabulous. This was the case
with what Is known as the Midway district.
and with West. ST. Paul. In both of these
localities prices have gone up so suddenly,
and values haYe risen so rapidly
that it surprises all. Yet when one looks
at the facts after they have become facts he
sees that the increase. though very great Is
perfectly natural and legitimate. and ceases
10 be surprised. This is just the situation
In the case OF Midway aud West St. Paul.
The Increase in values In both these lOcali-
ties was so great and so sudden that it sur
prised everybody at first but when people
came TO see that the natural course of bust
ness and the demands OF trade and COM
merce made the increase in the prices of
property necessary. they ceased to wonder,
and saw and admitted that the advance,
though at the time IL looked large, was nat
ural and untorced. Midway and West ST.
Paul are the two principal points where in
crease In values have been very large and
REMARKABLY SUDDEN.
In other nQrfS Of fha city fhQ fnaroas In
values has been more moderate and grad
ual. but just as steady and certain. Sew
enth street has for years been the most no
ticable OF ali the streets in ST. Paul. and il
may be said that ii has had a remarkably
steady and permanent growth. For many
years people spoke OF the magnihcence of
Seventh street, but few, if any, fully CON-
pretended il in all its magnifcence. Ten
years ago If any person had ventured to
have said that In 1886 ii would be
lined on both sides with such mag
niheent blocks Of stores. paved and
supplied with stone sidewalks, such
person would be regarded as not In
his right mind. Everyone believed that in
the distant future 1t would be great street.
| but no one had confidence to believe the
change would come so suddenly or SD
| quickly. Ii has been extended both east
and west for many miles Ia both directions
until it is much the longest street in the
city, and represents a large proportion of
the business transacted In ST. Paul. The
INCREASE IN REAL ESTATE VALUES
on this immense thOroughfare has been very
/ great indeed, and on certain portions of it
quite as large as in any part of the city.
From Seven corners west towards Fort
| Smelling the property on this street has adj
yanced with wonderful rapdity. For years
/ the real estate at Seven corners even where
considerable business was done, was stag
nant. Further up property was hardly sale
able at any price. On both sides of the
street II was occupied by poor people who
had rented il for small sums. and who, OF
course. did not improve it. After the
bridge at Fort Smelling was built this prop
erty began to appreciate in value slowly,
but gradually, and good buildings began to
be- constructed. Soon after the Seventh
| street fill was made at the eastern end of
the street. so that Dayton's bluff could be
reached. and then it was that this great
thOrOughfare began to assume its true posi-
ton as the great business avenue of the
city, and property at the western end of
the street began to increase i'm value. From
/ Seven corners up to Walnut street Ii
| jumped up 200 per cent From Walnut
street west it increased nearly in the same
ratio. From Seven corners east to Wa
basha street 1t advanced at least
TWO HUNDRED PER CENT.
and now nothing can be had between these
two points for less than $500 per front foot.
| From Wabasha down il is difficult to state
| just how rapidly ii has advanced. Between
| w abasha aud Robert streets property was
offered at $40. 600 that could not to-day be
bought for S4O,0 900 and every day 1t is
steadily advancing even on the last figures
All the way down Seventh street TO the ill
prices are firm and no property at all is
offered, and none can be obtained except
occasionally some one wants to sell. which
is very, very seldom. The prices range
from $500 10 $500 per front foot. On
Wabasha street not much property can be
obtained. as there Is none in market. This
street practically stops at Seventh street.
All the property on the street above Sew
enth is owned by parties who can afford to
hold il and will not sell. They have so
much confidence In the street that it would
require very large money to induce them to
put a price on their property. The conse-
quence is that none can be bought there.
As an illustration of the value Of property
on that street it may be sta ed that q few
| years ago the late DIR. Steele offered the
conner of Seventh and WabastIa at S160 per
front foot and now 1t could not be bought
for 5000 per front foot.
KITTsON's ADDITION.
This addition, which lies I'm lower town,
between Tenth street and the river, Broad.
way on the west and the railroad on the
east. has advanced with great rapidity. II
Is, as every one knows, near the wholesale
district. and has become very
valuable. Three years ago lots
were offered at S1.500 per lot
that cannot be bought to-day for less than
| S15 OOO or 500 OOO This IL substantially