The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-19
REALTY IS SELLING
ST. PAUL DEALERS FIND THEIR
PREDICTIONS OF A FEW
WEEKS BACK
ARE RAPIDLY Cunning TRUE.
EVIDENCE OF THE MOVEMENT
SEEN IN THE SALES OF RE-
CENT DATE.
ARE RAPIDLY Cunning TRUE.
SOME BUYING FOR IMPROVEMENT,
While Some Property Has Been
known to Have Been Purchased
as a Speculation.

Several weeks ago some of the local
realty men, through the G b T.,
prophesied that a genuine boom in real
estate circles was setting in, and the
evidence of each passing week Verifies
this prediction. The dealers in ST.
Paul dirt report not only much
greater activity in inquiries for good
holdings but also that there is d.
mand for everything that savors of a
bargain. While many of these Gus
toners are buying for the purpose OF
improving the property, others are
merely seeking for investments, know
ing full we'll that ST. Paul real estate
at it's present valuation is the best
bank they can find-it is better than
a claim staked out on the Ell Dorado Of
the Klondike.
AS an evidence of the actual sales
of the past few weeks can be men
toned the condition of the property
cast of Victoria street. Up to the lSt
of September there were a number Of
lots offered at from $1,000 to $1,000.
Practically every one of these offerings
has been sold to actual cash buyers
for Improvement, and, if a desirable
lot were offered in that locality tomot-
row for the same price, it would be
sold within twenty-four hours.
In the University avenue district lots
which were a drug in the market a
year ago at $500 are being sold at that
price today. AS an illustration OF the
West ST. Paul district, one firm re-
ports that it had been trying for q
year to get on offer for two lots suf-
ficient to barely save the mortgage
from any loss on a loan he had made
and foreclosed on, but investors were
not forthcoming. Last week the agen-
cy was offered very nearly enough for
one of the lots to wipe out the total
Indebtedness on both.
number of sales have been made
of late in the Anna E. Ramsey addt-
ton, one firm reporting three within
the past ten days. A year ago there
was not a possibility of selling lot
there These purchases were MADE
particularly as a speculation, the idea
of the buyers being that this property
must of necessity be the next for i'm
provement, as the district east OF we
toria street is being filled UP fast.
Business property continues to be
somewhat slow, and no sales OF I'M
portance are noted. There are some
INQUIRIES, however, and the next sea
son will see considerable activity along
that line. This is about the last class
of realty to feel the improvement, put
the indications point to general rise
in values within the near future, and
especially along those thoroughfares
which seem to be the outlets OF trade.
There has not been a time for years
where so much building was COM
menced so late in the fall, and new
buildings are still being started, the
owners intending to get the outer
walls completed before cold weather
sets in and finish the interior more
Ieisl1rely. One firm reports that on
one piece of property sold last week,
the purchaser contemplated erecting
one house. but he now has four unoer
way. All in all, the outlook is most
encouraging, and the agents are not
worrying about the price of coal this
winter, neither are they preparing 10
go to Alaska in the spring.
The Improvement Bulletin contains
the following ST. Paul items TINS Week:
John NJ. Carlson, 227 West Fifth
street, has begun work on a residence
on DAYTON avenue and Arundel street.
It will be BOXES, frame, two stories and
will also be a frame barn, 22x32, to cost
$500.
J. H. F. Conrad, 94S Laurel avenue,
secured the general contract to erect j.
HAYES frame residence on Laurel near
Avon. 1t will be 50x42, two stories and
cost $4,000.
o. Holm, asa Rondo street, has the
general contract to erect David Dick
sons residence on Osceola near Avon
street. 1t will be 32x40, two stories,
frame, and cost $4,000.
Louis Lockwood, architect, reports
the contract let to A. Koerner, GAL Win
slow avenue, to erect M. L. Wander
sluis' brick fiat building on Kent near
Selby avenue. Work will be begun i'm
mediately. Cost, $500.
E. P. Bassford, architect, has receiv-
ed plans from Washington for the ap-
proaches to the government building.
Bids will be opened at 2 p. m, Oct. 8,
at Washington, for the work.
1t is understood the plan for the i'm
provements at the union depot are COM
pleted and will be approved by the
board next week
F. Helfsh, 624 Lee avenue, has be-
gun work on a frame cottage on Fair
view near Grace street, for B. Strobel.
Cost, $1,000.
S. W. Raudenbush & Co., agents Vose