St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-23
The Market Holds It's Own
and Is Steady and
Firm.
Outsiders Still in the City
Seeking Good Chances for
Investment.
Bruno Beaupre Makes a New
Move in Locating His
Store.

The real estate market continues in
the same condition that it has been for
more than a year. Comparatively speak
ing, sales are light with prices firm,
especially in regard to business prop
-erty. The erection of such large struct-
ures as the New York Life Insurance
building, Germania Insurance building
Endicott block, GeTmania bank, and
other business blocks. cannot fail to
increase the value of all business
property, especially in the heart OF the
city. The residence part Of town Is not
affected in the same manner. This class
of property is held firm at old prices.
Sales, however, are not numerous, as
holders are unwilling TO part with their
property without an advance. That
prices hold SO firm is very encouraging
indeed. but everybody would be better
satisfied If there were a more active
movement. The record shows that the
transfers during the past week
they were the week before.
Many people are here looking around
for themselves and seeking for some
thing desirable. Others are CORE
spending with the dealers in real estate.
and all are trying to pick up property
in any part OF the city. Those who live
here. and see the new buildings that are
continually being erected, do not fully
comprehend how the city is growing.
People, however, who visit the city only
for a short time once or twice a year,
are much more fOrcibly struck with
the growth of the city, and are thus
really better Judges where TO buy.
To GperSOn who watches closely the
growth of the city there is no trouble
in seeing where business and popula-
ton will distribute itself. Such streets
as Rice, Como avenue, Mississippi,
Payne avenue and East and West Sew
enth streets cannot be overlooked. 1t
will also be noticed that the wholesale
business is sweeping along from lower
town up 10 Seventh street, and even
beyond that thOrOughfare. 1t is clear
TO the minds OF many that the whole of
the basin, or lower part of the city,
below Broadway from the river across
TO the highland will necessarily, sooner
or later. be devoted TO business. Mr.
Bruno Beaupre has made move that
goes to confirm this statement. He has
left Third street and is now erecting
a siX-stOry block on the corner
of Fifth and Broadway to accommodate
the wholesale grocery trade. 1t is true
that he is further from the freight depot
than he would be on Third street, and,
consequently, will have a longer haul.
The city is taking steps to condemn an
alley way through the block so that
that a railway track can be laid
70 run up TO Broadway, and this
VIII enable Mr.. Beaupre to unload cars
into his store. This is one OF the first
moves towOrd the occupation of all that
part OF lower town, and other wholesale
houses will probably follow Mr.. Beau
pres example. Rice street has for
years been a good business thorough
fare. and is daily increasing in that re-
spect. Como avenue is another street
that is coming to the front rapidly. On
all sides'can be seen evidence that the
business of the city is spreading in
every direction.