St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-29
A ROSEkTE OUTLOOK.
Steady Sales and a Good In
quiry for Real Es-
tate.
Business and Professional
Men Are Investing
Largely.
The Building Permits Already
Excel Those Of Last
Year.

4 good inquiry, steady sales and
roseate outlook is, in a line, the real es-
late report of the past week.
There have beeu no large deals; the
sales are solely due to small trans
actions, the aggregate of which are of
the most reassuring character. BuSl-
hess and professional men, in small
way, are purchasing lots in the suOur-
ban districts for residential purposes.
As these purchases are made for i'm
mediate improvement, it will be readily
seen that a considerable impetus must
be given to the building trade, the
total permits of which now total
valuation of S6,GG6,000. This
Is in excess of that for the
corresponding period last year, and as
then St. Paul stood third in the union
Tor the valuation of property erected.
the probability is that that high stand
Ing will be eXcelled this year. The pres
ent steady trade in realty will continue
to the end of the yUar; but with the in
Ruguration of 1890 the most cOnserva-
tive dealers agree that business will be
very heavy. The seat of speculation
will be largely in the Midway district.
though some big deals are anticipated
In the transference of business prop
erty, particularly for the Improvement
of Fifth and Sixth streets. Several
Eastern capitalists were in the city the
past week. and there is some small talk
RbOut the formation of a huge syndicate
to take over all the purchaSable property
pm Seventh street. The belief that the
new year must be uShered in before the
halcyOn days of the real estate dealer
are restored Is apparent, as not until
then will the influence of the successful
harvest season be fully felt. The yield
In the wheat crop has averaged 1850
per acre, which is the best experienced
for years, and the relief thus afforded
the agriculturists cannot fail to eneanee
the prosperity of the merchants of the
Twin Cities.
1t is not only the glowing harvest
which will give the city big. booming
realty trade, but the extended facilities
for street travel will also have a mate
rial effect on the market. In two years
the city will be possessed of thirtv-two
miles of double street tracks. equipped
with the latest and best approved
means of lOcomOtiOn. This of itself
is sure means for the i'll
but with the great influx of foreign
capital, there is certain to be that in
crease in values which city property de-
serves. 1t is a well-knOWn fact, in COM
parison with other Western cities, ST.
Paul realty is much below its proper
value. This is owing to the way in
which the business men of the city have
put money into its improvement; for
eign capital has kept out and values
have thereby been kept down. But
this unnatural condition of affairs can
not much longer exist. Capitalists
from the East and South are now pour
ing money into the city. There is
ready market for it, with excellent Sc
curity and high rate of interest, when
that paid in the Eastern states is con-
eidered. With so large an influx of out
side money, the competition engendered
can have but one effect-values must
rise, and particularly so in the business
parts of the city.
Among the transfers of the week are
these: r. E. Johnson TO NJ. ID. Bass.
one lot in Rogers reserve, S12.750; W.
q. Robertson to NJ. ID. Bass. one lot in
DaytOn-Irvine addition, Sl1, J. J.
Watson to r. c. Borup, sixty feet on
Summit court, $4,000: |. st. Pierre TO
y. st. Pierre, one lot Eaton Il MOrri-
sons addition, SIG. 900: II. /. Doe to p.
Omdahl, one lot Drake-Dewey'S addi-
tlOil. GCsOOO. II. DCllZ " "" W. IACllS. OllC
lot West st. Paul, $1,000; E. NJ. Gillette
to NJ. J. Gillette, two lots DaytOn-Irvine,
$4,000.
Bushnell & Bushnell report good resi-
dence sales.
A B. WiIgus has several good pieces
of st. Anthony hill property TO his
credit.
Lawton Bros. say there is good in
Quiry on the West side.
Middleton, Dougan & Hanson await
Jan. for the Inauguration of good old
times.
KoSt & Cfescy figure out good bust
ness on Dayton'S bluff.
Smith d Taylor report remuneratiye
sales in the Butterfield addition.
Davis & Brown have experienced
remarkably good inquiry.
j. W. Ham, the real estate and
financial agent, has located in an ele-
CANT and commOdious Office, Room COG,
in the New York Life Insurance build
inc