St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-17
IN REALTY CIRCLES.
Eastern Investors Prefer the
Solid Basis Found in st.
Paul
To the Chances Of Speculative
Dealing at Lake Su-
perior.
The Suburbs Are Showing the
Effects of Healthy New
Growth,
And the Sound Of Hammer
and Rinop Of TpOWlI Ara
And the Sound Of Hammer
and Ring Of Tpowel Are
Daily Heard.

While the attention ofreal estate men
has been turned towards Duluth and
Superior to great extent during the
past week, they have still found time to
attend to local business. The loan bus
mess has been remarkably good, large
sums of money having been placed by
many different firms. The inquiry
from the East has been active, and one
of the largest firms in the city report
having offered every parcel of land
they have for sale to different men, of
which over S11, 900 worth was accepted.
The attention of Eastern investors has
been attracted to the head of Lake SUI
perior to such an extent that many OF
them have been drawn away from st.
Paul. In several instances, however,
men have came back from Duluth and
invested here, making the remark that
for permanent investment they would
take ST. Paul every time. regarding the
advance in prices and the incipient
boom of the Zenith City as specu-
lative to a great extent. and
while they might b willing to risk
they would take st. Paul as place
wherein they could invest their capital
with a certainty of reaping handsome
income therefrom, and leaving 1t as
a permanent thing. Talking about
boOms. it has been remarked that
a boom in st. Paul would be an i'm
possibility to-day. Her boom days are
over, amt S eady growth i'll busl-
ness and population has taken their
place. This growth has been more
rapid probably than that which has
| characterized any other city except
| Chicago, but it has all been on legitl-
mate basis and has not been con-
temporaneOusly accompanied by the
increase in the price of real estate,
| which has been the case with every
is held to-day at figures which are
| absolutely low. and rents are so high
that all who own lots and erect the
| right sort of buildings on them
ARE REAPING AN INTEREST
| on their money that would be considered
| enormous anywhere else. This cannot
last much longer and by the opening of
the year there will have been such an
| advance in prices that those who own
| property now will find themselves richer
| by many thousands of dollars.
| Among the suburbs of st. Paul that
| have been or are being opened up for
| S6lLletU6nJ UN tIledIS Vi lllCr6dSeU lIdilS-
! p0rtatiOn facilities is Ufton Grove. This
! is about three miles in a direct line
north of the union depot and has been
| almost inaccess ible. The Wisconsin
Central has now opened a station there
| and will sell tickets at five cents. max
! ing this suburb the cheapest as well as
the nearest to reach. The new station
is at the point where Edgerton street
crosses the railroad tracks. This street
| is now graded all the way out. At the
same point the Acme Electric company
has opened its factory which is employ
ing seventy-five men. The amount of
building now going on in this neighbor-
hood is surprising, and the class of houses
| is good, none being permitted to be built
| at less cost than $500. This is only
one of the suburbs which are. develop
ing rapidly. The whole Midway dis
trict reSOandS with the click of the ham,
mer and the ring of the trowel. In
every direction are substantial resi-
| dences rising, and by next spring, when
| these are finished, there will be large
| population scattered over the lovely hills
| and wales that lie between the two gem
cities or the Northwest; overlooking
the grand stretches of the Mississippi
and surrounded by the primeval trees
| of the virgin forest. No finer location
for residence can be conceived, and that
this will be the fashionable part of the
city there now remains no doubt.