St. Paul daily globe., 1888-06-03

lis, nor can it ever attain the splendid
business proportions OF the latter, be-
cause it has no natural center from
which to radiate, owing to its narrow
streets and contracted location. Every
year inspires increased faith in Min
neapolis, with every indication that
the next five years will be pro-
ductivee of greater growth than
any five years in its history.
garded as exceedingly quiet, yet the
transfers of real estate have averaged
fully SS00,000 per week. Of course
many of the transfers represent trades,
but nearly every trade is upon basis of
stability, and at no time has all kinds of
property been held at tirmer prices than
now, and before there are any numer of
cash transactions the prices have got to,
and will advance.
~
The GLOBE has assurances from reli-
able sources that the New York Life
Insurance company will erect build
ing in this city the coming year. The
company have four different sites under
option contract, and have pledged them
selves to erect a building to cost 81, ,000,
0J0 exclusive of the site, provided that
81 1000, 900 insurance can be raised in this
city. 1t is said that CT this amount all
but 100000 has been raised. This will
be just double the cost OF their new
building in st. Paul.
The sites under consideration are the
property opposite the West hotel, where
the Hale block now stands, the Dean
property at the corner of Fourth street
and Second avenue south and two sites
on NicOllet. l.. B. ElwOod, with CorSer
& Co., is personally interested in the
cOmpany'S locating here.
James Baxter & Son. the contractors
for laying the foundation walls of the
mammoth Guarantee Loan and Trust
company building, informs the GLOBE.
that the piers for the foundation on
Second avenue will be Of granite, 6x7
feet in diameter, and that the other
stone, from quarries controlled by
themselves, and that the whole
foundation will be one of the
largest and most substantial in the
Northwest. which is natural cOnclu-
sion considering that the building will
tower upward at least twelve stories
high.
The buildings on the new court house
Square are being cleared Off, and the
stone school building will soon be torn
down preparatory to grading the prop
erty for the finest public building in the
country.
Among the new residences are those
Of j. q. Lyman, corner of Twenty-sev-
enth street and Nicollet, to cost $1,000;
one for H. johnson, between Twenty
seventh and Twenty-eighth streets, First
avenue south, costing $1,000; one for
Mr.. Spear on Twenty-fifth, near Stevens
avenue, to cost $4,000.
NoTINGs.
Citizens of the Fourteenth ward are
building large amphitheater OnTwelfth
avenue south and Thirty-second.
The improvements on the FAIR Ground
addition promise to be numerous, among
which are the following:
Erick Lund'S residence, $1,000; John
A. Norman, double brick tenement,
$4,000: E. Danielson, brich residence,
$1,000; S. HaSSelberg, residence, So, 600;
a new Swedish Gospel Mission church,
$4,000, and another mission church to
cost $1,000.
j. Anderson is to build two-stOry
brick tenement at the corner Of Fourth
street and Fifteenth avenue south, to
cost S2S,000.
J. H. Seymour has begun the erection
of a three-story brick block on First
street north, between Second and Third
avenues. The building has already been
rented as hotel.
A. G. Robinson & Co. will begin on
Monday the erection of eight cottages
on their recently purchased property at
Brentwood in GldeOn's bay, Lake Min
netonka.
Andrew Nelson will build twO-StOry
wooden dwelling at 604 Twentieth ave-
nue. south, to cost $1,000. The North
western Fuel company will build
brick shed and made some repairs on
Third avenue and Second street south,
to cost S1,S00.
Frank n. Barrows sold last week four
lots on Lyndale avenue, between
to w H. Barber at $4,000 per lot. This is
20 per cent more than property could
have been sold for at any time in the
last year.
James Leck, architect and builder, is
lust completing the largest and most
expensive house in Forest Heights. 1t
is located on Hillside avenue.
Capt. Hunt is preparing to put up a
new block in the rear of the Hunt block
on Plymouth avenue. The new build
ing will be 50Xl5O feet, fronting on
Third street: it will be three stories in
height and cost $4,000.
1t is reported at MinnetOnka that the
steamer City of st. Louis, belonging to
Gen. Washburn, has been sold to the
Milwaukee road and will be run here
after in the interest of the Hotel st.
Louis, of which the Milwaukee has con-
troll. NJ. p. Hawkins, who has the
financial care of the boat, denies the
sale and says it is uncertain what will
be done with her.
The contract has been let for the erec-
of
Twentieth avenue north, Immediately
west of the Reno block, which stands at
the corner of Twentieth and Washing
ton. Capt. j. c. Reno, who is the owner
of the structure just named is also at
the head of the new enterprise. The
structure will be five stories high, with
spacious basement, well lighted. The
block will be divided into five stores.
Twentieth avenue north seems destined
to become an important business thor
oughfare.
SAMPLE SALES.
In speaking of the firmness in prices
j. NJ Bartlett quotes a sale ON Lyndale
avenue in which Frank n. Barron
transferred four lots at the corner of
Twenty-tifth street and running south.
These lots sold for $1,000 each. Mr..
Bartlett says:
mere was never tiiie Ill lHe HIS
tory of the city when SO much could
have been realized for this property. 1t
was a cash deal and shows not only the
firmness of prices but steady advance
in the value of frst-class property"
j. G. Seeley q Co. sold the past week
three lots in st. Anthony Park north to
T. l.. Wynskey. They also sold S14,OOO
worth of Kenwood property.
w. B. Anderson sold lots l and 2,
block 2, j. L. Blaisdell's addition to
Joseph III. Locke for 81 400; lot 10, block
2, rearrangement of Furgeson's addi-
tiOn. for w, III, Bailey to j. T. BlaiSdeIl