St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-02
The Illinois Central Reported
to be Coming to st.
Paul,
On It's Way to Winnipeg,
for the Purpose of Haul
ing Wheat.
Another Attempt to Make
Eighth Street the Lead
ing Retail Street.
The Market Is Steady, Firm,
and Gradually I'M
proving.

It is the universal testimony of deal
ers that business during the past week
has been better than it was the week
preceding. The absence of speculation
limited trading to the actual wants of
the community, and necessarily dimin-
iShed activity. Sales have averaged
about SO, 900 per day, sufficient to give
p number of real estate dealers cOnsid-
cradle business and keep the market
from Stagnation.
OF the many flats and apartment
blocks built here this season. perhaps
none is more elegant or complete than
the "Rvan block" built by Nj. z. Ryan,
at the conjunction of Wabasha and st.
Peter streets and University avenue.
This is three-st0ry pressed brick front,
having a frontage OF $40 feet on Waba-
sha, 125 feet on st. Peter and ITO feet
University avenue. On the ground hoor
are seven roOmy and well lighted store
rooms. The second and third floors are
arranged in apartments consisting Of
from five to seven rooms, each supplied
with all modern cOnveniences for house
keeping, and so arranged that each fiat
is separate from the others, having hot
and cold water, private bath and closets,
heated by steam, and direct ventilation
the outside. In building this block Nj.
Ryan has kept in view the necessity of
furnishing his tenants with tirSt-clasS
accommodations at moderate rentals,
which others contemplating building
blocks for the same purpose would do
well to initiate.
There seems to be determination in
the community to make Eighth street
great retail street. 1t is claimed that If
the plan proposed is carried out this
street will be the great retail thorough
fare of the city. The proposition is TO
continue the street across the ravine to
the junction of Burr and Woodward
streets, thus giving Eighth street an
entrance into Seventh street by way of
Woodward street. There is triangular
piece of ground between Woodward and
Bradley streets and University avenue
that it is proposed to condemn for pub
lie uses. When this is done Eighth
street could be made 10 run directly
into Seventh. This would at once re-
lieve Seventh street and make of Eighth
street a firSt-clasS thOrOughfare. There
is a good deal of still hunting for prop
erty on Eighth street just at the present
time.
~
Messrs. Bushnell & Bushnell state
that the market shows more tirmnesS
and inquiry than it has for several
weeks. They have received large
number of letters from the East, in
which the writers discuss investing
here. They will all be out here during
this month tolOOk over the ground them
selves. These gentlemen have made the
usual number of sales and have done
more business than they did the week
before. They state that there are a
good many people hunting around for
the purpose of picking up property on
Eighth street in view of the proposed
extension to Burr street, and lots here
and there have been obtained for quite
reasonable sums.
Messrs. Stone & Morton report stead
inesS in the market, and a little i'm
proYement in activity. They continue
TO sell lots around Payne avenue, in
Stone & MOrtOn'S addition. and also in
Denny q Hills addition. All the prop
erty sold out there is for Improvement
AS soon as sale is made in that local
ity work is Immediately commenced to
improve it, and soon house begins to
take form and shape. That is the rea-
son why that whole section has come to
be so thickly populated in such a short
time.
-
Messrs. Rothschild & Thurston report
that they made several good sales dur
ing the past week. They are of the
opinion that there is decided improve
ment in the market and feel confident
of a good fall trade, especially in prop
erty upon which improvements can be
made. The fact that work on the cable
line will not be commenced until spring
has served to check the tendency that
appeared a few weeks ago to invest in
property out on the east portion of Sew
pnfh street