St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-14
ST. PAUL REAL ESTATE.
The Trading in Real Estate Increases
Sales for the Week Foot Up
Over $4o9 600.
4 Great Effort to Get Hold of Acre Prop
erty-Muoh Of It Picked Up
BY Syndicates.
An Immense Syndicate Buys About
1000 Acres and VIII Found
Manufacturing Town.
rbe weu-Known Nettleton Property
Sold. Which Seems TO indicates
Movement In Reserve.
The Review.

The real estate market this winter is one
of the most notable surprises the people Oh
ST Paul have ever had AS large as tne
sales have been all winter long they hold
I'D TO the standard with remarkable con-
stancv. Instead of there being any sign OF
weakening the sales increase every week,
until this week they have ruu up TO wltnln
a small fraction of half million dollars.
The season so far surpasses all others tliat
there is very good reason Tor surprise al Ine
result. At the same time it must be remem-
bered that more than one-thlrd OF
the transfers that are filed are not
published from week to week. inns there-
fore does not show precisely what the
record of the week is. In order to approx
mate that it would be necessary to consld-
erabIv increase the figures. A large por-
don of the purchases that are now being
made are on a very large scale, ranging all
along from $40. 600 to 500. 900 each. AS
sample this weeks sales may be taken. The
smallest large sale was $24. 600, and the
largest was S64, 1888. The others ranged at
S3S. 500, ST., 900, $4,000. So far as can
be Judged there is no diminutlon IN the In
Cuiries 1t is thought that the fact of the
ice carnival attracting so many people here
has had considerable effect in causing
many persons who came here TO become
good deal interested in st. Paul realty. All
the week there has been
REMARKABLY ACTIVE
inquiry by outside parties and strangers
who originally came here without any spe-
cial intention to go into real estate transac-
lions, but being here and seeing the thrift
and activity, and general business push and
vigor Of the city, have become very favoIa-
bly, impressed with the advantages of st.
Do, md " fufnrn
1t is no exaggeration, but the plain,
simple truth, that the real estate
offices, especially the principal ones, have
been almost crowded for good portion OF
each day during the past week, and some
DAYS all day. with people from abroad,
making all sorts of inquiries as to the city,
its growth, population, the amount Of
money in our banks and bonded indebted
ness. the relative value of real estate in diff
ferent parts of town. That all the talk
has amounted 10 nothing is not sustained
by the fact of the sales Of the week amount
ing to $499, 291.
BIG ACRE TRACTS.
The great feature of the market is, and
has been for many months past, the desire
to get hold of acre tracts. So well known
is this that in many sections among the
farmers around the city the tillers of the
soil have become possessed with the idea
that country property is desirable and con-
sequently valuable. All such have judi
ciously increased the price on their acres. In
many sections, however, the farmers have
no idea that there is such a
rustic in real estate and are
far behind their better informed
brothers. This ignorance of what is being
done in acres makes it all the more neces-
sary to keep this information from them till
all the acres needed for the particular syn
dictate in any particular locality are secured.
This is one reason why so many large trans
actions are carried on in such secrecy. Those
who have scheme on hand and in order to
carry it on need IS or 100 acres of land,
are compelled to use a good deal of d.
plomacy in making their purchases, and have
TO work through parties that are unlikely
to be suspected of wanting the
property for any big manufacturing
or other private purpose, or for spec
ulation. The man who does the buying is
usually some plain, honest-appearing
farmer. 1t does not do for well known
bankers or land spectators to go out into
the interior with view to buy acres. The
prices would be quadrupled instantly. A
good story is told on DR.. Bryant. 1t is
well known that he has dealt largely in real
estate, but all his dealings have been on st.
Anthony hill. Several weeks ago granger,
who knew the doctor very well, saw him
down in West st. Paul and said TO a neigh
Dor: Il wonder what it means that DIR.
Bryant should be nosing around in West
st. Paul for real estate. There must be
something up. His interests are all on st.
Anthony hill. He has none in the Sixth
ward. There is some scheme afoot, 1
know, or he would not be over here"
AN IMMENSE TRANSACTION.
One of the largest and most important
real estate transaction that has ever taken
place in or around st. Paul recently has
Just been completed. This deal involves
an outlay of over $500. 600 and the pur-
chase of between 500 and 1000 acres of
land. The property purchased Is located
III sections 16, 81, % and %, of town %,
range %, in the Sixth ward, about three
miles down the river, and can be seen
from this side of the river. The propertv
lies mostly on or near the river, so that the
purchasers have river frontage of about
one mile and half, and the best
natural harbor on the river. This syndicate
that has just completed the purchase is
composed of number of solid men who
have had experience in buying and selling
real estate and who know what they are
about. The plans of the syndicate are
very broad and extensive and contemplate
nothing less than the building up of an i'm
mense manufactu ing town. A better Sc
lection for the purpose could not have been
found. OF course, the Minnesota q North
western road runs through portion of the
territory thus purchased, and very AMIGA
BILE relations have been established between
the road and the syndicate. Both can
work together and each can assist
the other. A portion of the property is
what is known as the Gillett property. The
railroad has already located its shops on
section 16, and is now engaged in boring an
artesian well there, and station will soon
be put in near the shops. Everything is
favorable for the syndicate. The location
is convenient for every purpose in view.
The railroad facilities are as good as could
be desired, while the harbor is grand. Coal
can be brought there on barges cheaply.
The syndicate has already closed contract
with an Eastern corporation to open up a
large mandatory here that will en-
plOy 100 men to start with, and is
negotiating with one or two more
similar establishments. The idea of the
leading men in the syndicate is to build I'D
large manufacturing town there immedi-
ately. They have no need to be in hurry
about the matter. They have had offered
all the money they want, or may need, and
several monied men who see that the
scheme must surely succeed have made
overtures to be taken in, but the present
parties have money enough and do not pro-
pose to let in any one. They will crowd
the new city for all it is worth. The
agents for the syndicate are A. E. 81 c. w.
Clark. These gentlemen will have the
whole management of the matter. This is
the biggest and broadest undertaking of the