St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-11

year udNc CduStu, fCly MAUI ally, q
good many people to expect general
activity all along the line, and because
this activity does not make its appear
ance Immediately and in considerable
force, it is very natural that it should
produce some disappointment. Many
dealers admit that the market is rather
slow this spring and manifests good
deal more backwardness than they de-
sire to see. This is very natural also.
1t must not be expected that because q
few large sales have been made for
sites for insurance buildings and other
large structures these sales are to
be Immediately followed by great
number of small sales. 1t is difficult to
see why we have not now just as much
ground for expecting good trade and
strong market as we have had any
time this spring, and there seems to be
no reason why the volume of sales, as
it runs, ought not to be satisfactory.
-"
The demand for inside properties APP
pears to be undated, and it is not sur
priSing that this is so. Looking at this
class of property in any light and in all
aspects OF the case, it is remarkably
cheap. This city in the nature of things
will ultimately be large and wealthy
one. Immense business interests will
center here. Population will increase.
The city is in a commanding position,
and its business interests stretch out III
every direction by all the means and ap-
plianceS known TO modern commerce to
every point of trade. 1t is not owing to
artificial influences that st. Paul has
reached her present position in the COM
mercial world. The city IS now where
it is almost entirely through natural
causes. These causes are now, and al
ways will be, at work to increase the
commercial and financial Importance of
st. Paul.
1t should require no extended argu-
ment to convince any person that the
realty in the city will gradually and
steadily appreciate. in value as time
rolls on. 1t is simply a question of
where and in what locality the percent
age of inquiry will be the largest.
Naturally the business property ought to
come up firmly and rapidly, and it GER
tainly will or all the experience of
dealing in realty will be shown to be a
sham or a mistake.
-
The demand for inside properties
seems TO be undated, and the firm posi-
ton taken by holders i'll adhering to the
figures they have put upon their inside
lots undoubtedly has delayed trans
actions in this class of property. The
acre business is a little more quiet, but
is ready at any moment TO spring
into activity. The sale of building lots
thus far this season has been unusually
large for the time of the year. Those
who have read carefully the record of
the transfers as they appear in the daily
papers cannot fail to have noticed the
large number of sales Of lots in all parts
of the residence portions OF the city, for
moderate sums, from $500 up to $500 and
LOCO, and eVen7up to l.500. The trans
fers, outside Of the business district, of
valuable and high-priced lots, has not
been very great. These sales have almost
entirely been confined to the moderate
priced lots. There is significance in
this fact. 1t shows many things besides
indicating that great many of those of
moderate means, and who, i'll the or
binary language Of people, are terme d
t'poorer classes" have got along we'll
enough to enable them TO secure lot
and build home.
~
The strike Oh the Chicago, Burlington
& Quincy road is undoubtedly having
some influence in putting some quiet
ness in the market. The public atten-
ton has to certain degree, been with
drawn from business, especially as the
strike has been extended up into the
very heart of the Northwest. There is
no doubt this misfortune has seriously
affected operations in acres. and, should
the strike continue the effect on bust
ness will be felt in different ways.
-
a considerable number of st. Paul
citizens have arranged for carrying into
effect large improvements in West st.
Paul, which are at present awaiting to
have the various plans for crossing the
river, by electricity or otherwise, settled
and determined in one way or another.
If everything goes right and the coun-
Gil grants the necessary franchises, so
that there will be 10 difficulty as to
rapidly crossing the river, the West side
will be greatly changed in appearance.
Considerable amounts of money have
already been invested iii that part of
town, and great deal more is ready to
be invested Just so soon as those inter-
eSted feel confident that the conditions
of success are secured to those who are
furnishing the money and who are will
ing to take the risk of failure upon
themselves. The improvements referred
TO are on a very expensive scale.
People having good stores to rent
have no difficulty in finding plenty of
people to hire them. A good location
causes the owner to be very independ-
ent, indeed. The tenant is not so lofty,
is less eXacting in regard to repairs, puts
on Shingle or two or hangs door with
out ''kicking" about repairs until the
landlord becomes weary" 1t makes
vast difference, and this difference is
very soothing, indeed, to landlords.
The demand is not confined to Seventh
street, but extends all over the business
district and to all independent, local
and minor points around which business
is gathering, such as West Seventh
street, Dayton's bluff, out Rice street,
Seven Corners and West st. Paul.
There are good many OF these spots
out on Dayt0n'S bluff, where there is
local business center of considerable
Importance, where are located grocery,
drug and dry goods stores and other
kinds of business, where farmers come
in to sell their produce and buy goods.
These are noted simply TO indicate how
the city is growing and spreading out in
all directions. These little business
trading centers, wherever located, de-
note the presence of considerable popu-
lation, OF thrift. prosperity and general
growth.
80
1t is little early to commence to talk
about house rents, and, besides, differ
ent agents take different views of the
situation. 1t may DC said, however,
that though there is some difference of
opinion in solno things among agents,
all agree that the same difficulty exists
this spring that always exists in ST.
Paul, and it really matters but little
whether it is one season Of the year Or
another, the demand for residences of
all kinds remains active pretty much all
the time, from one years end to another.
OF course, there is some difference In