St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-09-26
ST. PAUL REAL ESTATE.
Transactions in Real Estate Continue
Active, With Prices Strong and
Very Firm.
Midway Realty Holds It's Own Over All
Corners, and Transactions Are
Large.
The st. Paul 81 Northern Pacific Road
Making Large and Valuable
improvements.
Dayton's Bluff and South st. Paul
Full of Activity With Prices
Much Stronger.

market has held very steady. with no
special or important variation. Prices for
all descriptions of property have maintained
their usual firmness, and the market gener-
orally has been characterized by the usual
upward tendency of prices. The city has
spread out so far and so rapidly, and the
extension has been followed by such
steady and even advance in all directions,
that it is difficult, if South st. Paul be ex-
cepted to point out where values have in
creased in one part of the city more rapidly
| than in another. One of the most cOnclu
sive indications of the solid and steady
growth of the city is to be found in this quiet,
steady and necessary enlargement and the
| filling up of the territory with thrifty and
Industrious population. The establishment
of the stock yards in South ST. Paul has.
undoubtedly. greatly stimulated prices in
| that part of the city. and large sales have
been made there, and if One-quarter OF the
industries are established there that are
promised, it will not be long before that
will become very pOpulOus part OF the
| city, A number OF contracts have been
let for the construction of buildings suit
able to the manufacturing purposes in
view, The plans for the pork packing
will be finished in few days, when the
contract will be let There is understood
to be a very large amount of money
behind these vast enterprises that
have their location On the flats,
below West st. Paul. This. pork packing
establishment that has been referred to, in
volving in ALL something like 81, 600, 600 in
improvements, is really but small part OF
the money outlay in this locality. The
beef packing establishment that is to follow,
and in regard..tO which negotiations are now
pending, will be an institution of vastly
more Importance, and will involve the out
lay of very much larger amount of money.
! If all the promises that are made are full
! filed, South ST. Paul cannot fail to become
| one of the most extensive manufacturing
points in the West, and also point OF
great commercial influence. 1t is quite Gu
| riOuS and interesting to talk with some OF
| the old residents of st. Paul, men who have
| been in mercantile business here for more
than quarter of a century, with the city
| growing and expanding in every direction
| all about them. Some Of these people do
not not comprehend that st. Paul has
grown In wealth, population and all else
that goes to make up a large city as it has.
They cannot or will not see that
WEST ST. PAUL
has increased from population of a few
| hundred to 20 900 people, or that DaytOn'S
bluff, St. Anthony hill and other sections
of ST. Paul have increased in similar pro-
portion. These people seem to have taken
position similar to that OF the bears in
the stock market. They think prices have
advanced too fast and they are waiting
| for a reaction. That reaction has not
| md fbor ic IittIo of If oil
Buyers OF realty at recent prices are salts
fled with their bargains. 1t is fact well
known to real estate men, that during the
last year or two. very much more of the
purchase money has been paid
down for property than ever betole.
This has largely diminished the
time payments or the credit system.
and has given much greater stability and
steadiness to the real estate market, These
properties are strongly held. 1t is very diff
ferent from what it would be if they were
all plaStered over with mortgages, and
everybody kept in hot water all the time to
pay up interest and avoid foreclosure. 1t
| those people referred to will but 90 out to
the outskirts Of the city in any direction
and witness the public and private i'm
provenIents that are being made. the streets
and avenues that are being opened and
graded. the residence and business struc-
| lures that are being erected, they would
hold quite different views and instead OF
i being of the opinion that real property is
too high here they would hold the opposite
opinion. The fact is, the Oldest citizens
know really less of how rapidly the
city has been growing during these few
years than do those who have come here
more recently. Property in all sections of
! IL. E.; H.,
hold that the cream of the desirable prop
erty lies in the Midway district, and proba-
bly, these are correct taken in the long
run. There are other parts of the city. il
points ars watched. where money probably
eau be made quicker than in the district re-
ferred to. Still. the solid. substantial, re-
| liable and valuable real estate lies between
the two cities and probably always will. 1t
is beautiful country and will continue to
attract the attention of capital for perina-
nent and remunerative investment. On
! Dayton's bluff and out in the
Lake Phalen district lots can
be bought cheaper than in the
| Midway district. and transfers
in both these localities are very numerous.
There are few parts of the city where as
many improvements have been made as in
! the eastern parts of the city. The whole
Dayton bluff district has undergone com
plete transformation. and one that so COM
pletely changes the topography and general
appearance of the country that the Oldest
! inhabitant would hardly recognize it.
Streets and avenues have been opened and
graded out there for miles, and water mains
have been laid, so that hydrantS are almost
as numerous as in the most thickly settled
pats Of the city. The whole city, in every
<,E
very radical character. and building is being
prosecuted in the most vigorous manner in
every direction.