St. Paul daily globe., 1888-08-19
ST. PAUL REAL ESTATE
Importance of the Minnesota
Transfer Being Clearly
Demonstrated.
Three Large Warehouses to
Be Constructed at That
Point.
Fair Trade in Small Lots
Suitable for Residences
a Feature.
Elevated Railroad Men Will
Accept the Inevitable and
Build.

The real estate market the past week
presented no marked features of which
anything can be said. There was
steady trade in moderate-priced lots,
and generally where deals were COM
pleted they we're for Immediate i'm
provement. OF course it is well under
stood that there is no speculation in the
market. All that was sold was for inn
proyement.
Many of the dealers are selling some
thing every day in the suburbs, es-
pecially in the manufacturing districts
ana where mechanics naturally de-
sire to secure hOmeSteadS near the
places where they work. Especially
is this the case in North st. Paul,
South st. Paul, aud in Stone IL Morton's
addition. This part of the city was laid
out for residence purposes upon exceed
ingly easy terms for lots. The selection
of the plat was favorable for various
reasons. 1t was near several large man
ufacturing concerns, and was very con-
venient for the laborers to get from
their work to their homes easily
and conveniently. At the same
time the owners of the plat
fully appreciate the advantages
of having rapid transit to and from the
city and the business center, and arranged
for the street cars to run out Payne
avenue. The consequence is til It the
district in that direction around the
upper end of Payne avenue and as far
as Arlington Hills has been settling up
very rapidly. With all the crowding
and advertising that has been bestowed
upon some other parts of the city, it is
very doubtful if there is another point
that has grown and developed so rap
iHlx- 0c hos fbn NJ thunStnrO IF Of 70
city. 1t would surprise the people of
this city if they saw this section of the
town, which is a large and exceedingly
thriving community, and increasing
daily.
There are a great many people who
look upon the construction of the elec-
tric motor line as something that will
be of great advantage to the city, while
a large part of the community seem to
have no opinion whether or not it will
be of benefit TO the city. Everybody
appears to want the road, if built,
placed upon any other street that the
one on which they have property, but
no one wants the road ON the street he
lives upon.
The council has granted franchise
to construct the road through part of
West st. Paul and across the river to
Second street at the foot of Cedar street.
Those who propose to construct the
road are disappointed at this. They
desired franchise that would au-
thorize them to go through the city to
Minneapolis. They recognized the fact
that such line would pay, but they do
not look upon this little piece of line
with much favor. 1t is at the present
time the most expensive to build, and
the part that is likely to pay less than
the section proposed between st. Paul
and Minneapolis. Besides this, they
claim that it will be much more difficult
to float the bonds to construct this part
bonds for the whole road. They are not
discouraged, however, and say that they
will accept the ordinance as it was
passed, and will go ahead with the
work. They will have to bridge the
river, which will take some time. 1t is
probable that it will require Il whole
year TO complete the road from the
point OF beginning to Second street.
MORE LARGE WAREHOUSES;.
Three large Structures to Be
Built at the Minnesota Trans
fer.
The Minnesota Transfer continues to
attract attention, and the declaration
made two years ago that it is to be the
place for large warehouses seems to be
realized. Three new warehouses are
going in there Immediately. The J. H.
Mailer company, manufacturers of car
riages, buggies and wagons. have pur-
chased large tract at the Transfer for
Sl6,500. This tract is 224x30O
feet, and was purchased for
the purpose of erecting thereon
two immense warehouses. The COM
pany finds this snecessary in order to
properly handle its rapidly increasing
business. At present it is compelled to
hire four warehouses in different parts
of the city. These buildings will be
used for warehouse and shipping pur-
poses and will be so arranged as to have
three railroad tracks running into them
The company will do a general transfer
business, in addition to the wholesale
business in its speciality. The company
claims that 1t can save enough by this
arrangement to pay running expenses
in the city.
AND STILL ANOTHER.
The Appleton Manufacturing COM
pany, of Appleton, Wis, manufactur-
ers of feeders, harrows, cultivators,
seeders, corn tools, etc., have also pur-
chased a lot on the Transfer, with front
of fifty feet, by seventy deep, and will
erect warehouse to cover the whole of
it, with view of making this sort of
distributing point for the whole North
west for its manufactured articles. This
company will keep not less than quar-
ter of million dollars worth of goods
here to be distributed to the different
points.
The Market.
Notwithstanding the market is not
what is ed active, there is, after all,
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