St. Paul daily globe., 1888-09-16
ST. PAUL REAL ESTATE
State Fair Attractions Usurp
Attention During the
Week.
The Seekers For Investm ents
Locking Around Very
IndustriOusly.
The Upper End Of Rice Street
Improved Very Materi-
ally.
Sales, Despite Dull Times, Av-
erage $4,000 Per
Day.

Real estate. like everything else in
st. Paul during the week, has been
Subordinated TO the State Fair. Some
of the business men in st. Paul have
devoted the entire week to the inter-
eStS of the State Fair, to the total
abandonment of their own business.
The result has been that during the past
week the business affairs of the city
have held a subordinate position. No
branch of business in the city has
suffered more in this respect than real
estate. So far as actual transactions
are concerned, business has been almost
at StandStill. Inquiries, how
ever, have been very numerous
and a great many people from
abroad have been in town
looking around for Investments. In
this respect, some of the dealers who
have large lines of desirable property
have been kept quite actively engaged
in showing property. People from the
East, who have been here this week
looking around, have been much more
numerous than ever before during Fair
week, and every one of them was strong
ly impressed with the idea that st. Paul
is the most favorable point in the
West OF Northwest in which to
invest money. Transactions during
the week have averaged about $4,000
per daV. One of the largest sales re-
corded was that of the opera house,
which brought $l42, 600; 100000 is cash
and the remainder is to be paid in
twelve months This, practically, makes
the whole a cash transaction. In one
sense the price is regarded as very
large one, as the lot upon which the
building stands is an inside lot, located
III the center of the block, and is sur
rounded on all sides, except the east, by
large, high buildings, and is reached by
a hallway through the Opera house
block from Wabasha street. OF course,
the right of way through this hall from
WabaSha street goes with the opera
house and forms a part of the trade.
{. W. Youngman has sold to George
II. Carriveau several lot inc. w. Young
mans addition for $4,000.
The apartment block that J. j. Wat
son is erecting on the corner of Vir-
ginia and Dayton avenues is approach
ing the last story, and towers above
every other building on st. Anthony
hill.
Among the points in the city that are
building up Rice street stands ont prom
inent. The street car line has been eX-
tended out mile or two further, and
several large buildings have been
erected. This street and MiSSiS-
sippi street are the only two thorough
fares that lead out of the city to the
north. Jackson street, which ought to
be opened up to the outskirts, seems TO
&c permanently closed against travel,
and from present appearances is doomed
- remain so. The policy that has kept
that thorOughfare barricaded for nearly
a quaater of a century, in spite of the
fact that property owners have asked TO
have it opened, is kind that seems pc
culiar to st. Paul.
Stone IL Morton are actively engaged
selling lots in Stone IL MOrton'S and the
Denny-Hill additions. These lots go
rapidly, as the prices are very reasOna-
bic and the terms liberal.
There have been numerous requests
for property on DaytOn's bluff adjacent
to the cable line on Seventh street, and
Bushnell u Bushnell are selling right
along at Inyer Grove.