St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-08
FROM A REALTY POINT
immigration Just the Thing
Needed for st. Paul and
the State.
Como Citizens Bent on OBJ
tanning Mueh-Needed I'M
provements.
The Real Estate Men Resting
- on Their Oars for a
Spell.
With the Springtime, Realty
Bound to Take a
Jump.

launcned, and the only thing lacking is
money. There is every probability that
sufficient amount Will be forthcoming
from the city council to keep the bureau
going until the legislature meets. 1t
certainly will pay the city to thus tenn
porarily stand behind the movement,
though as permanent institution the
bureau should be backed by the state.
1t is the state that will reap the largest
benefit from immigration. The action
of 81. Paul men i'm this matter is most
commendable. While St. Paul will be
benefited by an addition to the states
population, there are other cities that will
be almost equally benefited. The dis
lnterestedness, therefore. of the ST.
Faul citizens in undertaking such a
work Is all the more commendable.
Il
The park commissioners have at last
made move. Carpenter park has been
purchased. This will. no doubt, please
residents on Summit avenue, but to
citizens wondering when the park COM
mlssioRers are going to purchase large
park-a park that will be worthy of the
city-the action of the board is anything
but satisfactory. The small parks are
at the best but expensive luXuries which,
SO far as the city at large is concerned,
can easily be dispensed with. What is
waited is one or more parks of several
acres area. If these are TO be obtained
within the city limits there is no time
TO delay, because as years pass the
value of property is increasing, and
soon prOhibitive price will be reached.
The cities having the best park systems
are cities where parks were purchased
In the early days of their existence.
ii
There is something catching" about
the Como and Rice Street Improvement
society. The members overflow with
enthusiasm and it is difficult to keep
them within bounds. They act on the
old adage, Nothing venture, nothing
GAIN" and so. in order to get proper
street transit facilities are proceeding
TO worry the life out of Col. Lowry, of
the Street Railway company. hey de-
serve to be successful. The district of
Como avenue only needs proper street
car service to make it among the pOpu-
lar residential parts OF the city. The
improvements at Lake Como have been
long delayed, and but for the energetic
work of the property owners it is ques-
ti0nable whether the work shortly to be
undertaken would ever have been heard
from.
Il
The improvement of Lake Como, tn G
extension Of the street railway and the
erection of a pavilion would make the
lake the gathering place in summer of
many thousands every evening, partic-
ularly if music was provided as is the
case at Lake Harriet. Spectators and
investors would do we'll to watch Como
property.
- =
The fight for the retail trade of the
city continues apace. At present Wa
basha is in the lead, though the property
owners OF Third street are exhibiting q
strong determination to keep within the
ring. Seventh street is not so active as
it once was. The general trend of the
retail trade appears to be for Wabasha
street. reaching UP Fifth, Sixth and Sew
enth TO Seven corners. Here is going to
The Sixth street boom, east of Wabasha,
has petered out.
Real estate men are not saying much
these days. There is practically moth
realty business. The trade just now is
quiet. IL is no use Disgusting the fact
awfully quiet. There are. of course, the
usual job LOT of transfers. You have
them always, whether trade be good,
bad or Indifferent. What is lacking is
the inquiry and turnover of big slices of
property for investment or speculative
purposes. But realty men are not los
ing any sleep The months of Novem-
Der and December are. to them, the
quietest the year round. And there is
every reason why, this year. Novemb Der
and December should be exceptionally
dull for the festive realty dealer. All
the available money lin the country is
required TO move the Crop.
II
With the advent of the new year
things will begin to assume more
roseate hue. The brunt of the crops
will have been moved. Money will be-
come easier, and, of still greater i'm
pOrtance. the business man will have
balanced his books for the old year and
be handling his large profits. If all the
talk of jobbers counts for anything, this
year, especially the last half, has been
an exceptionally good one. The orders
have trebled those of last year. The
various stats OF the local mercantile
houses have been working for weeks at
full pressure.
II
The spring of 1892 cannot, therefore,
fail to be a good one in real estate
circles. There may not be boom, but
there will be decided move i'll realty
and especially in that lying midway be.
tween the Twin Cities. 1t is this fact
which gives The realty owner a buOyant
air these dark days: which inspires him
with confidence in the city's future, and
which is backing up the men who are
so aSsiduously working not only to build
up the city's manufactures, but also the
population of the state.
ii
Among the sales of the week were the
following:
W. II. Holt purchased a lot i'll Kinney's out
lots for $500.
A Piorort sold sixty-foot lot in West St
Paul for g, 900.
j. Stinson disposed of six lots in his boule-
ward addition to the trustees OF Manchester
college for 5000
E. F. Plough gave $500 for lot %, block .,
Palace EDITION.
George X. Finch put up $4,000 for lot 81
and west ten feet of lot ~, block Il, DAYTON
d Iryines addition.
+. Wright for lot 6, block 4, Woodland
Park, paid $1,000.