St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-10
ST.PAUL REAL ESTATE
The Record Shows That the
Market Is in an Improved
Condition.
A Good Deal More Activity
Shown During the Last
Week.
The People Still Stru ggling
for Some Kind Of Rapid
Transit.
Men Are Investing in Real
Estate That Never Invest
ed Before.

we udu uuIlIS lut pdSt NSeh, anu tiC
uncertain promises and indications OF
still more pleasant days in the future.
served to give some activity to the real
estate market. The transfers for the
period referred to are double i'll
amount those of any preceding week
during the past year. The truth of the
matter is that the market all along has
been in much better condition, every
way, than people generally, and real
estate dealers in particular, have been
willing to admit. Because the specula-
tors dropped out, and the market was
running along in a smooth, legitimate
way, it seems to have become
sort of fashion with many to de-
clare that 1.-THE bottom has gone
out of the market" if the figures of
each week are examined it will be found
that during all this time there has been,
every day, a goodly amount of sales and
very steady market, running about
SIS, 900 or $4,000 per day. These were
actual sales, most of which were for i'm
provement. The records of transfers
also show that from the time the banks
shut down and declined to loan money
for real estate transactions, about
year and half ago, to the present
moment, values have been firm and that
generally they have increased. This is
proved by actual transfers. The Geisel-
man block, on Seventh street, between
Minnesota and Cedar streets, was sold
about year and a half ago for
$4,000. A week or two ago it was
sold for $4,000. This in an advance
of 25 per cent within year and half,
running through period that is called
the dullest season we have ever had III
real estate, and while 1.-The bottom had
dropped out of the market" The ''old
Burbank place." on Summit avenue,
was sold to Mr.. Cakes for $4,000 and
afterwards to Mr.. Riley, and recently
to Mr.. Livingston for S60,000 after hay
ing large strip taken off the west side
of it. These transactions have taken
place within the period that is de-
nounced as the dull season, and they
indicate that prices
HAVE STEADILY ADVANCED.
The firmneSs of the real estate market
in st. Paul, under the adverse circum-
stances referred to, has been something
remarkable. Of course, some outside
property has been less salable than 1t
was when people were specializing on
the market. This class of property al
ways feels the first effect of any dis
turbance in the market On the con-
trary, business and residence property
has been firm. The sale of large guam
titles of the estate of the late Commo-
dore Davidson within the last few
months, part of which brought the
highest price of any real estate ever
sold in the city of st. Paul, demonstrates
this. When the market is carefully eX-
amined and the prices are compared
the result will show gradual advance
In the value of business and good resi-
dence property throughout the city.
Besides this, the monthly sales from
January to the present time show
steady increase in the total sales
every month. Mr.. A. M. Do
that the attendance upon his auction
sales of property have been gradually
increasing every week; that sales have
been much more free and bidding more
active. He has been selling large
amount of outside property, consisting
of acre lots outside of the city and
vacant lots on the outskirts of the city.
He reports an increased activity all
around and an unexpected desire to buy.
Business and residence realty is held
firmly at increased prices over last year.
If any one doubts this and desires to
bear the market, the means of settling
the matter are at hand.
RAPID TRANSIT.
The matter of quick, easy and fire.
quent communication between the two
cities still continues TO occupy the minds
of thinking people, and the more they
think of it, the more they feel that such
means of rapid transit should be fur
nished as speedily as possible. They
argue that within radius of a few
miles of the Minnesota Transfer, includ-
ing the cities of Minneapolis and st.
Paul, and the territory between them.
are more than 100000 people. For all
intents and purposes these two cities
constitute two ends of one city,
and ought to be brought more
closely together. They claim that
this can never be accomplished till some
means are adopted to go quickly and
cheaply from one city to the other. The
transportation should be cheap, quick
and frequent. They claim that if these
two cities were supplied with this
speedy transportation the intervening
country would be quickly settled up and
the two ends of the city would be
one large city. The theory and the
plan is not new, but there is great deal
in it. Probably no plan could be pro-
posed that would so quickly fill up the
intervening space as this rapid transit
between the two cities. The city couA-
Gil seems not to have looked with favor
upon the plans that have thus far been
proposed. Beside JnuS, ueclQeu Ieel-
ing of opposition has been developed
among the people along the streets
through which it was proposed to run
the elevated railroads. The matter has
not been dropped though by the people,
who see great things in it, and the sub
ject will be submitted to the new coun-
Gil, and perhaps with more favorable
results.
THE TRANSFERS THIS WEEK
have covered very wide territory.
Much attention has been paid to the
property out on Payne and Greenbrier
avenues. MesSrs. Stone d Morton sold
large number of lots in that locality,
many of them being purchased by men
employed in the various manufacturing
establishments in that part of town.
This locality is improving very rapidly
indeed, and large population is going
In there. The same may be said of the
Rice street district, clear out as far as
Maryland avenue. A large population
is going in all along, Oh both sides of
Rice street, and houses are going up i'll
every direction. OF course the Midway
district got its share Of attention. There
was a good deal of activity also in West
st. Paul.
The Real Estate Board.
The rapu1ar maatinp of tho hoard Of