St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-11
BRIGHT and BRIGHTER
Real Estate and Business
Prospects Go Hand in
Hand Along.
Every Week Now Marks an
Improvement in Feeling
and Tone.
When Transit Questions Set
tie, Then Look Out for
a Boom.
Last Weeks Dirt Deals and
Local Opinions From
Experts.

Considerable activity has been dis
played in the realty market the past
week; and that, too, despite the cOntin-
ued posponement of rapid transit facil-
tiles into the suburbs of the city.
The demand for lots on Dayton's bluff
is reported very heavy, and considera-
BILE attention is being called to the
auction sales which will be made to-
morrow by A. NJ. Doherty. The lots to
be sold are situated in the most desira-
BILE portion of the bluff. There is every
reason to believe that property in this
portion of the city will increase four
fold in value within the next year. AS
an instance, four weeks ago an auction
lots were sold at the rate of one every
minute, continuing for two hours and
quarter, when rain interviewed. Several
before leaving the grounds at from $50
to 500 profit. The way property on
the bluff has picked up since the in
auguration of the Seventh street cable
is sure index of increased values, and
forcibly recalls the palmy days of 'S6.
Secretary Tallmadge, of the chamber
of commerce. is confident that this fall
will see great impetus to the trade of
the state, and with big boom in the
realty business. Mr.. Tallmadge per-
tinently says: During these two years
of partial depression, while there
has been serious downfall in
the realty market of other West
ern towns, that of st. Paul has
maintained the position itever occupied.
There has been no downward tendency
in realty values-in fact, the tendency
has been Slightly upwards. This, to my
satisfaction, is an Indication of the
value of g.. Paul realty for investment
purposes. The never has been any
artificial imitation of values in st. Paul
realty; it has been gradual growth.
and that fact thoroughly establishes the
great future of the ity as business
center of the Northwest
A. II. Rogers is very Sanguine about
the prospective fall sales. He has been
in the realty business sixteen years. and
confesses that the present summer has
been distinguished by as big and as
large number of sales as hitherto has
characterized the city. An unusually
large number OF cottage dwellings are
being erected, he says, and the city is
being we'll supplied with substantial,
massive business establishments. He
controverts the statement of Col. j.
Ham Davidson that the realty market
past sixty days. There has been no
difficulty in dlsposing of salable realty,
unincumbered, and at what might be
considered reasonable price.
Among the sales of the past week are:
NJ. B. Davis to II. Haupt s24,9O0; E. P.
Wilgus to NJ. L. Emery, 600; De
Soto Lumber company to H. G. Akeley
Lumber company, $4,000; A. Davidson
to 81. Scheffer, $4,000; e. S. Phelps to
c. F. Mailer, $500: S. Madsen TO G. E.
Keller. $4,000; u. M. Hall to G. E. Ma /
graw, Sc, 5000
The varfous,otfansperta schemes
are still hanging fire. 1t is very quesi
tionable whether any of the electric
motor lines OF the proposed Selby ave-
nue. cable extension will materiallZe
this year. In the first place, the prop
erty owners are not particularly slick in
coming to the front with their bonus.
The millionareS, of course. have long
since planked down their greenbacks,
but the small property owners are con-
siderably lax and do not at all favor the
proposition of paying any bonus. They
believe in allowing somebody to build
the new lines who are willing to do so
without any subsidy. The projectors of
the lines to Reserve township and
the Midway district are particularly
anxious to secure bonus and franchise
for Thomas Lowry's company. They
have considerable interests at stake, as
the opening up of these districts will
mean pile of money i'm the enhanced
values of the large tracts of land owned
by them in these districts.
The Wage-earnerS are diSagreeing
among themselves upon the location of
their proposed labor colony. Owasso
lake, Gladstone and St. Paul Park have
each got their supporters. and feeling
ran pretty high at the meeting which
was held Friday evening. A postpone
ment was taken to next Friday, when it
is expected final selection will be
made. Whichever locality secures the
colony, there is every reason to believe
that the impetus given to its building
trade will more than compensate for
the advantageous terms which are be-
ing offered the wage-earners. The sue
cess of this colony scheme is merely the
prelude to many others. shortly to be
projected by private investors.