The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-01
REALTY IS RESTING
MARKET LAST WEEK WAS QUIET
x AS WAS TO BE Ex-
a PECTED.
SOME SALES WERE REPORTED.
AFTER ELECTION TT is THOUGHT
BUSINESS WILL SHOW I'M
PROvEMENT.
SOME SALES WERE REPORTED.
ACTIVITY IN BUILDING CIRCLES
Reports Show That There Are a
Number of Houses Under Course
of Construction.


time when in the past the real estate
market has been at its dullest, the FAST
week has been one of satisfaction in
realty circles. Dealers who expected
extreme dullness in the market peud-
ing the. election are happily disappoint-
ed on account of a number of sales 1e-
2 corded and are hopeful that favorable
conditions will continue While no
reports of particular activity are made.
a few dealers have made good show
1ngs, and others have propositions
pending. The actual transfers Of prop
erty for the past week show a very
perceptible increase as to number, and
several of them have been for larger
considerations than have been record
ed for some time. While some Of the
transfers may not represent cash sales,
they accredit movement in the maj
ket which tends to keep open the chan
nels of business. 1t is said some pros
pective investors are holding back In
til after election with their invest
ments.
George S. Heron and Robert L. Ware
were elected members of the ST. Paul
Real Estate exchange at it's meeting
Friday.
The following items are from the
Improvement Bulletin:
A. +. Gauger, architect, SOB Bank of
minnesota building, has plans for a
residence to be built on Ashland
avenue between Mckubin and Kent
streets. Specifications: 40x47, two
stories and basement, pressed brick,
slate roof, copper finals and cutters,
plumbing, bath room with thing and
fixtures, mantels, CRATES, gas and
electric wiring and fixtures. sideboard,
refrigerator, hard wall plaster, hard
wood interior finish, laundry and hot
water heat. The contract for founda-
ton was let to Olaf Sungard. The
remainder will be let soon. Cost.
$500.
Thos. Fitzpatrick & Son are pushing
work on rebuilding the Culbertson resi-
dence on Summit avenue and Arundel
street for NJ. Doran. The building is
of pressed brick One story will be
added and the entire house made lar
ger. 1t is nearly ready for the roof.
There will be heating, plumbing, gas
and electric fixtures, hardwood in
terror finish, sleaded4 and plate glass,
mantels and CRATES, laundry and
: decorations. Mark Fitzpatrick. archi-
tect. Cost $4,000.
Kingsley & Williams, 43-44 Germania
Life building, have plans for stables
for Horejs Bros. 1855 West Seventh
street. Specifications: 5Sx65, three
stories, of red pressed brick, with tar
and gravel roof, stone foundation,
wash rack and plumbing. The founda-
=tionl work, is being done by the day.
Cost, $4,000. s"
Kingley & Williams have plans for a
house to be built on the hill for J. w.
Wegman. Specifications: 24x40. two
stories. frame, with plumbing, bath,
m&ntel, CRATES. gas and electric wir-
ing, loaded plate and common glass,
hardwood interior finish and hot water
heat. Cost, $500. 80.
a.. A. Varnam, q East Fairfield
avenue secured. the general contract
to build c.. Peterson's frame cottage
at I'll Ohio street. 1t will be 24x36.
with stone foundation, plumbing, bath
manteT, hardwood interior finish and
furnace. Cost, 81 $780,
JIM. Carlson, 1874 West Fourth street
secured the general contract for an
office building for the Griffin Wheel
Co. It will be 24x42, one story. of
brick with slate roof. steam heating,
maple flooring and office fixtures and
furniture. Cost, $1,000.
C. H. Kesler secured the general con-
tract for improvements on the sixth
floor of the Ryan block, corner Robert
and Seventh street, with plumbing,
sinks. water closet fixtures and sky
lights for photograph gallery. Cost.
81, 900.
Thos. Fitzpatrick & Son, II West
Ninth street, have the general con-
tract fol-. general repairs and improve
Ynents in a four-story brick store build
ing on Seventh between Minnesota and
Cedar streets. Allan McQuillan, agent.
Cost, $4,000.
W. ]. Westphal, Third and Hoffman
avenue. has had work begun on his
pressed brick residence on Cherry
street near Hoffman avenue. 1t will
he 20x40. two stories, modern through
out. A. r Gauger, architect. Cost.
$1,000.
p. 3. Smith has begun work on a
large skating rink on broadway and
Ninth streets. There will be an iron
clad waiting room with a corrugated
iron fence for the enclosure. Cost.
$1,000.
Henry Orme. $50 Grand avenue, has
the general contract for improvements
in NJ Funk's brewery. on West Cas-
cade street. Cost, $1,000.
A. few figures will suffice to show that
fhe holders Of fixed investments include
a great number of people who cannot be
regarded as "grasping creditors.
Thus. in 1890, there were 5000, 100000 OF
real estate mortgages held in the coun-
+rv. The savings banks held Of these
mortgages $6S7, $50. 977 in trust for 4,533,
OF depositors The building associa-
tions held $3.50, 900 900 in trust for 1,S0O,-
900 shareholders. The life Insurance
companies doing business in New York
state held, Dec. 81, 1889, $272, 82S, 457 for
4. $50. PSI policy holders. Adding other
states in 1890 about $500, 900 000 Thus
IN these three items we find Il, DOC
persons holding 81, 437 100000 Of mort
cages. In 1890 one-fourth of the real
estate mortgages in the county were
held by the thrifty working people OF
the nation. It is, in fact, a debt of the
people to the people. The national
banks cannot hold any of this mort
gage debt and all the other banks, state
banks, trust companies and private
banks, in 1890, held less than $60, GOO 00C
of these loans. The large corporations
do not hold real estate mortgages An
examination of the facts will prove to
the satisfaction of any one that the
great mass of mortgages are held
locally in small sums and amounts by
saving and thrifty people Even the
big mortgage companies represent a
great array of holders. In every rural