St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-05-20
Midway Hills.

InlS new 1nterurDan plat, tnat mas
been looked for with much interest, is
at last launched upon the market to-day
by Messrs. Merriam & Moore. 1t is
destined to create something of stir
in the present quiet market owing to
one or two unique features connected
with it. First of all, it lies in that
gilt-edged district known as Midway
property, or between the cities, where
anybody is willing to buy if they get
half chance, because anybody and
everybody in both cities is morally
sure that all the space between the
Twin Cities will in few years be built
up, no matter what may become of
outside property in other direc-
tions. Even in dull times traffic
in Midway property is active
because of this well grounded belief.
New the singular thing about the pres
ent offering of Midway Hills is that not
Withstanding the fact that it lies half
way between the cities and as near their
centers as Hamline, Merriam Park and
other interurban towns, it is offered at
marvelOusly low prices for midway
property, actually much lower than out
side property in other directions, which
no one pretendS can be compared with
property between the cities. The prices
and terms are undoubtedly made to suit
the present quiet times. In this Messrs.
Merriam & Moore show excellent judg-
ment, instead of putting prices up simply
because it is midway property. Again,
instead OF being offered to spectators,
with glowing promises of immediate
advance, as is usual with the average
boomer, the property is offered di-
rectly as place for deposit of small
savings, for which, with its low prices
and easy terms, it seems peculiarly
adapted, as it is sure in time to advance
to considerable value as the two cities
grow towards it, if the experience of all
other midway property is any guide for
the Judgment. 1t is therefore not only
safe, but also profitable place for
the small savings of those who do not
expect to grow rich in day, but are
willing to wait awhile for the benefits
sure to come. As the two cities grow
III that direction this feature gives peo-
pie OF small means an opportunity to
as well as those more fortunate, and
those who improve the opportunity will
doubtless better their condition. The
fact that Midway Hills is in the hands
OF MeSSrS. Merriam 81 Moore, so we'll
known in connection with Midway de-
velOpment, is greatly to its advantage.
There is no doubt that there will be a
very active demand at once for these
lots i'll Midway Hills, as quiet market
cannot affect such purchases when large
sums OF money are not required.
The Market.
Notwithstanding the fact that the
whole city has been distracted by the
contending factions and cliques of both
the political parties and their conven-
hn lnrl-n hnC
hibited a decided improvement in
nearly every respect. There has been
great deal more inquiry and for
larger variety of property: purchasers
have manifested more willingness to
buy and the tone of the market has be-
come great deal firmer and stronger
in every way. Up to the present
time there has been no appearance of
speculation. Sales have been, in almost
every instance, for Improvement. An
unusual proportion of the sales have
been for hOmeSteadS. Never in the his
tory of the city has such a general de-
termination to own homes been mani
tested as there is this season. This is
to be observed in the character of the
sales made and the extraordinary num-
Der of dwelling houses that are
being erected in all parts of
the city, outside of the business
part of town. One of the largest
transactions of the week was the sale of
the residence of Mr.. C. W. Griggs on
Summit avenue. 1t is massive and
imposing structure, mostly of brown
stone. 1t was completed only year
or two ago, and was sold at the moderate
sum of 100000. The sale was made
| necessary or desirable by the fact that
Col. Griggs has invested largely in tim
Der lands and milling in Tacoma, W.T.,
which renders it desirable for him to
remain much of the time on the Pacific
coast. The inquiry for property, as
usual, has not been confined to any
particular locality, but has been general
and well distributed. Prices continue
to hold up with remarkable firmness.
The purchase by Mr.. Potter of the fifty
| foot lot on Seventh street, next to the
dime museum, was at the rate of $1,000
per front foot. This is an inside lot,
which, of course, is not as valuable as a
corner lot. The activity in West St.
Paul, was considerably increased dur
ing the week, and the indications are
that during the next few months there
will be considerable movement on that
side of the river.