St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-04
BUSINESS POINTERS.
An Average Week Is Reported
by the Local Dealers
in Dirt.
The Latest Respecting the
Manufacturers Loan and
Investment Co.
A Great Industry That Is Rap
idly Springing Up in
Our Midst.
Future Possibilities for De-
veloping st. Paul and the
Great Northwest.

Bushnell have the past week sold lotS
in the Midway district aggregatlng $780,
600. 1t is surprising the demand eXpe-
rienced for suburban lots, and in few
weeks, if the present inquiry continues.
a regular boom is quite within the
bounds of possibility. There is no de-
nying the fact that the prices now
asked for outside property is much
below what in a few months 1t Will
command, and the fact is leading num-
Der of local capitalists to buy large
Iy in the Midway districts. One OF
the best posted real estate men said
yesterday that for investment purposes
alone, the midway property would
easily produce 10 per cent on the outlay,
and much bigger percentage ii held
for few years. Midway property is
Just now commanding the sole attention
of capitalists. There is a natural drift
of the population towards Midway. This
is clearly seen by the Increased reglstra-
ton of voters in that section of the city.
There is fair increase shown in other
st. Anthony hill and University ave-
nue., The West side-the Sixth ward
is the only portion of the city
absolutely at standstill so
far as population is concerned.
The reason for this is not far TO seek.
as it arises solely from the inadequate
street car facilities provided. With bet
ter facilities there is no doubt that this
district will receive more attention than
it has received the past twelve months.
The people will and must have facilities
for travel. Ii they cannot get it on the
West side, they will go to where they
can get it. and that is why there is just
now such rush for locations in the
Midway district at points on the Grand
avenue and the University electric lines.
The Industrial union failed to hold a
meeting Monday evening. 1t must not
be thought, because CT the failure
to hold The meetings of the Industrial
union, interest is decreasing III the
Manufacturers Loan and investment
Company. Not so. During the past
week UPWARDS of 100000 capital stock
of the company has been subscribed,
and the indications point to the whole
Sl,O0O00O being raised within a very
short time. This loan and inuest-
ment company in itself can
adequately carry on the work intended
by the Industrial union, and 1t IS proDa-
BILE that the meetings Of the union will
be dropped entirely from now on until
next fall. Nothing of a practical nature
can be accomplished by the union. as
the duty of securing new manufactures
and building up the factories already eS-
tablished is the particular work OF the
directors of the Manufacturers Loan
and Investment company. The meet
ings OF the Industrial union can hence
forth only be for the purpose OF discuss
ing the needs of the city and the fOrmu-
lation of recommendations the adoption
of which, in the combined opinion of
merchants, capitalists and professional
men, would add to its material welfare.
The letter of President Stickney. of the
Kansas City road, to the chamber of com
merce Monday last, sis :one demonstrate
ing in high degree the possibilities of
what capital can accomplish in the
Northwest. The letter dWelt solely
with the South st. Paul stockyards, and
gave a sucrinct account of the establish
ment and its remarkable growth. The
stockyards were established in 1883, and
from the start the growth of the yards
has been phenomenal. A careful eStl-
mate shows that this year 100000 hogs
will be received at these yards, and,
comparing the South st. Paul establish
ment with the StockyardS at Kansas
City. we find that eight years elapsed
from the time of its opening before the
total receipts of hogs reached the 400, 900
mark. But the South st. Paul yards
do not beat Kansas City in hogs alone;
in the receipts of cattle and sheep the
local yards are already in the lead.
There were 175,3 head of cattle re-
ceived at Kansas City the eighth year of
its existence. 1t is computed that this
year-the third year OF its existence
BOOSTS head of cattle. In the total ship
mentS of sheep the increase shown by
the local yard is still more marked.
While but $1,000 sheep we're received
by the Kansas City yard in its eighth
year, there were 121.343 received at
South ST. Paul yard in its second year.
With such showing as this. accom-
pllShed in such short time, there are
really no bounds to the possibilities of
this mammoth establishment growing
up in our midst.
It is singular that more has not been
heard of the sale of the South st. Paul
distillery to the whisky trust, especially
in face of the fact that the transfer vir-
tually means the closing down of the
establishment within limited time.
The magnitude of the operations of this
distillery is indicated by the taxes the
company has latterly been paying to
the government, aggregating S3,000o0O
per annum. The annual output is
placed at s10,0O0.O00. Citizens therefore
should not-they at least ought not-sit
quietly by and see SO large an institu-
ton change hands without making
some protest against the proposition to
close it down, which is the acknowl-
edged intention Of the people controll-
ing the whisky trust. The South ST.
Paul distillery has long been thorn in
the side of this trust and the negOtia.
tons to gain control of it have been
going on for the past twelve months
A big pile of moneyis said to have been
made on the transfer by local stock
holders.
NOTES.
There have been several large transfers IL
North st. Paul realty
E. Langevin has transferred to " NJ Rob
erts property in Reserve township to tn,
value of 100000.
j. Rogers Jr., has sold several lots in Nc
Leans addition for $4,000 to W. F. Blrmlng
ham.
IL. IN. ElHer Is uUOuG W UullU u tMO-StUT.
frame dwelling on Oakland, near Grand. Thi
estimated cost is $4,000.
W. D. Fargo has taken out permit for
three-story brick block on Prior, near Rondo
the cost of which is estimated atS@5, 600.
The st. Paul, Minneapolis d Omaha Rail
way company will build tWo-story franz
freight house on Second, near Robert Els
timated cost, $4,000.
The Church Of the Ascension, on the Yves
side, proposes building one-story addition
TO the church at an expenditure of So 600.
Building Permits.
The following permits were issued yesIer