St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-20
MONEY MOVING HERE
For Investment in the Grow
ing Ground Beneath st.
Paul.
Eastern Capital Regards the
Sanity City as Solid Sc
curity.
Real Estate Gossip for a
Quiet Week Just Con-
Guided.
The Suburbs Benefited by
Rapid Transit Show the
Results.

The auction sale Of the estate of the
late Charles f. Clark is the most I'M
pOrtant feature to be noted i'll the real
estate business of the past week. This
consisted of property scattered around
I'm various parts of the city. some OF
which brought a fair price. The sales
were as follows:
Ii 8. part Ii l. blk l, BaZilles add. OPP 40
Ii -. blk 25. Summit Park add, L G
Rogers. ....... .......... ....-.-.- O'-OO
one acre in sec rs. town %, range 23,
Ramsey Co, A Il Wilder. .--.....- 4,22O
Its 6 and II. blk 4, Arlington Hills
add. J r Weide. ............. %
Liz blk 10. Prospect Plateau add,
West ST Paul. d II Michaud.. l, SO
M mans -, add G 4 3 Weide s.' .........o 400
Part It's and g. Third Tearr 6lk ],
Wright add to Crocus Hill. Smith q
Taylor .-------o '>Oo
1t l. blk 3 Schurmeier's Seventh Street
add. D II NIichaud. 1890: :.:...:; -ioZo
Fifty feet on Portland aV.. in blk %,
" Woodland Park. Smith * TaylOr----.- Clio
Und - Il l.. Johnson's subd blk ll2.
Daytons. ! + Anterior -.-.-.--I.4oo
Total .............. ........ $4,000
The sale was largely attended and the
bidding was spirited. Apart from TINS
auction. very little has transpired worth
mentioning. Business of ali sorts Is
quiet, and there is not much money
moving in the city. From outside. how
ever, large amounts are being sent IN to
many brokers for investment. The
GLOBE has claimed since last spring
that the fall would be signalized by
heavy influx of Eastern money, brought
here by reason of the decline in railroad
and other such securities, forcing capt.
talistS TO seek other investments. 81.
Paul probably offers more inducements
than any other city. The real estate is
at a low figure, comparatively speak
Ing, insuring good and perfectly
safe returns for any money invested.
Rents are high. and any man buying
property and building on it cannot fail
to realize handsome interest on his
money. Such investments have not the
drawbacks to which railroad securities
and bonds are subject. The latter are
precariOus and return only small in
tereSt while the former are absolute
certaintes and return a good profit.
Tie withdrawal of money from Specu
iatiVe investments and its temporary
.deneSs in Eastern banks have been
commented upon in these columns on
more than one occasion. The inevitable
result is now transpiring. This money
could not lie idle long, and it is now
coming here in large amounts for in
veStment in real estate. This is causing
a firmnesS of prices all around. While
little property is changing hands, now
and then some big purchase by outside
men is recorded. These men are of
course cautious, and emily buy after a
thorough investigation. Their invest
ments are by no means confined to st.
Paul, but many Northwestern cities are
sharing in them. Duluth is receiving
much attention, while Kansas City.
Denver and Helena are not lost sight of.
But in all of these places property is
relatively higher than in st. Paul, in
consequence of which more money is
finding its way into this city than into
any ether.
Smaller Investments by local men for
building purposes are satisfactory SO
far as number and prices are concerned.
All the suburban districts are being
bought up and residences of varying
degrees OF excellence are being built.
The new lines of street car. cable and
electric motors are stimulating this
business, and by the time the lines are
finished and in operation, most of them
will find enough suburban business to
make them pay.
BUILDING PERMITS.
The following building permits were issued
PSterQav:
Trinity Episcopal church. 1-story frame
church. Knapp, near Langford ISL, 800
b LaWtOG. 2-StOrY frame dwelling,
Dakota near Delos.- 1880 .--- 80. D, 000
William Goodkind. 2-story frame dwell
ing. Martin, near Dale......... 80. 2,4J0
Five minor permits. ACKNOWLEDGEMENTS. 500
Eight permits So $50