St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-04

Judged by the superficial aspects or
the real estate market, it was less active
during the past week than it was the
preceding one. Yet the situation does
not seem to have been changed in any
important respect, and as the season
progresses the general outlook i'm
proves. The large buildings to be
erected in the center of the city, and
the rebuilding Of those destroyed by fire
i'll the business district, are enough Of
themselves to cause considerable actiy-
ity IN the way of trading i'll that class OF
business property. These, however,
constitute but a very small part Of the
signs of activity. The inquiry from
capitalists continues as active as ever,
and the disposition to purchase in dis
tricts that have been heretofore neglect
ed by the largest buyers is one of the
marked characteristics of the season.
~
OF course. West st. Paul is a promi-
nent candidate for favor. 1t always is.
The schemes for rapid transit in that
quarter are, OF course, a help to prop
erty, but aside from these the market
has strong tone and the inquiry is
good. A good many improvements In
business property over there are under
contemplation on Dakota avenue, South
Robert, Concord and other streets, and
even thus early in the season eXcava-
tons are being made for dwelling houses
and other structures. A good many
people in West st. Paul are placing
great deal of confidence in what they
expect will be of much Importance, in
business point of view-the introduction
of the electric motor line in South st.
Paul If this project is carried out sue
ceSsfully it will work wonders in that
part of st. Paul. 1t is proposed
TO extend the line across the
river, and the company will soon apply
to the city council for permission to do
so. Those who have this matter in
line in running condition some months
ago, but have been disappointed. 1t
will be in use in a few weeks. If it
proves successful, and the city council
allows it to be operated, work on the eX-
tension will be proceeded with imme-
diately. The gentlemen who have the
matter in hand are very enthusiastic
and are confident that when the plant is
completed it will be fully as good pay
ing property as anything i'll the city.
DR.. Bryant has given the subject full
and complete examination, has seen
the trains running; and he and a. +.
Clarke and the others who are associ-
ated with them feel the utmost conf
dence in the project. The matter of
crossing the river is one that is regarded
by outsiders as very serious one, but
the projectors of the enterprise do not
regard it as a very difficult problem.
-
1t seems TO be the opinion of almost
every one that is well informed about
the values of real estate property in diff
ferent parts of town, and the business
prospects of each distinct locality, that,
taken all in all West st. Paul has really
the most promise for the future. The
large amount of money put into South
st. Paul, and the vast business that is
growing up there are attracting to that
locality very great deal of attention,
and this, together with the large bust
ness that is being developed there in
hogs, cattle, sheep, etc, is destined, in
the minds of many. to make the whole
fiat, clear up to the river, great bust
ness hive. full of great variety of bust
ness concerns, with numerous railroads
running between them. The picture
that is painted by those interested in
that part of the city is very rosy, but
when the citizens Of st. Paul look back
for few years they will remember that
changes more striking than those that
are predicted have already occurred in
that locality, and that no particular rea-
son can he given why that side of the
river should not develop into all that is
predicted Of it.