The Saint Paul globe., 1904-05-15
REAL ESTATE NOTES
REAL ESTATE TRANSFERS

REAL ESTATE TRANSFERS.
Mssk Nee e sndIcss ding No. Consideration.
April 2s, 1904. .....i1s a1295S G7'95S
REAL ESTATE MORTGAGES.
May ssS Is. a"qso4 1go4. Esi 4s Asa9g.t; sS7 .gE
NAY Q, ISO4 4..... 49 71,655
BUILDING PERMITS.
Mssk Mss "a. snding 5aog Nc e Anoant; rs, mt
May S, 1864: -. 4s 3 3sSqS1S ssaS1S
april ~ lSo4 80. 45 76,069
NO particular change in the market dur
Ing, dlg me me last week was reported by dealers.
ana ana the conditions generally remain about
tbs tIs same same This rms fact is giving many of
when when the matter is looked into carefully
there Is really no cause for alarm hut
,zatll rlsllef 1of great encouragement. The de-
nIdhd Tor homes in the city has not been
sredtef, or as great for several years the.
people as whole have never -heer IN \
~ sl1oae Is. prosperous state. and never been in.
~ ~ soou position to purchase homes as at
me present time; all these things are
sreaty sYr favorable to real estate men. and
"a. mat i0cal temporary conditions happen to
De Sueh that there is not the brisk h1Jvinor
Just at the present time that could he
WISheo, there is no doubt that the favor
aole 4t1ls eondlt1onS mentioned above will make
themselves feIt among dealers before thei
season comes to close AS it is dealers!
WIN Win iarge assortment of properties are
rTqt 'Fbo,- hndlng a.a any fault with the market.
.lIy Lney are really doing good business the
only ones complaining being those not
haVlns great deal to offer
Another slight gain is noticed in tba
NUMBER Of real estate transfers recorded
s9iI stiIlhg the week, while the considerations
tel under somewhat. There were rnoTia oS
any particular note, none over * 0o0 oe
nraar+ mloaen tnere % were two. being transfers Of
properly IN Union Park and in Holcon,bo;s
addltion. while several involved amounts
| ranging from 1000 to $3 500.
Inc Inc above table shows that there WAS
!dH gain In the number of building ner-
was rather large trop in vaIue, ,,5nS 1raSlo
Il Ine previous week. This is. of course he
5s,lS GauSe OF Il the several large permits iss,1ed
norta5ct. THAT tiine while none of any i'm
~ w t1ifSe M were taken out last week Near
an, or a large proportion. vera For
class. the medium
II. ). Fairchild reports that lots f., tbo
ail.id f4 =; ramsey addition are selling very
sass,f .oo,, me Merriam Park car service viii
.
most Slrable location for Residences Si,;- %
naS I;S naa the effect of turning the attan-
c..na Ion OF purchasers in that direction. and
iS uehahd for lots there
III dhere was practically no change in the
,,5ed,- reaI estate loans situation durina- ths
ro,7t51E mgeh, Ihere was a slight increase In the
nraIio3I uL inquiries for loans over the
@Inoqht @ OF money offered and the dernanS
ac+i aot Iuahs' showed no signs of Greater
1.,.,.D acInoIty. me same number of moTtesp-es
were recorded. but the total ~ 9n,o1I5,ta.
Iell down considerably = Stlr - aus
j. Whlie building operations still con-
sii. siiaue 70 evidence very healthy demand
poftIon OF building is being done for eegsH
Appileatlons for building loans are few
Jul ouI nevertheless interest rates are COM
pafatlVeiy high. This is an IInus,iar con-
dltlon, and it seems that the Local 1T
supply and demand is having No. effsct ~,
ne .i1e price OF money whatever. R. NJ New
9ua,ofsi 9us Sno o TOT seventeen years has been
IlilahGIaI agent for the Connecticut M1ItITaI
LIE LIE insurance company for St Paul. Min
neapolls and Duluth and who is ner--
q tSs as auily ny IN touch with the market
peculiar state said: ssPe5,fia a }~sLso }i~1.nAs
making money instead OF horroysgne
issaE5Y 80 all Of the large amount of build
ing that is at present progressfnps ~ NJ
Paul IS being paid for in cash fe2., Ias11-
being made for that purpose nh" sIJi.a
demand has not had the effect Of chesn-
This condition is accounted for IN, +la ~
nand from the Outsfde--farm loans I'm
particular and as 6 per cert can be se-
does not care to become tied IN on t1-V CIV
property. at, perhaps, a less rate of in
teIest. In my opinion. the greater de-
that farmers of the states of Iowa Mis-
souri, and Nebraska have during the last
lew years, invested all their surplus funds.
ana In many cases more in Western
lands. They are now offering good mort
cages at per cent and that IS what
keeps the rate up In spite Of the small
local demand"
Mr.. Newport regards the real estate
situation as entirely healthy and encour-
aging, with gradually increasing de-
mand hnmsd Tor or property especially dwelling
reports having sold since Jan J. 1904
to date. nearly as many houses as during
the whole of 1908, having disposed OF
eight houses within the last fortnight.