St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-15
ST,PAUL REAL ESTATE
The Tone of the Market Quite
Favorable, With Some
Improvement.
Some Good Sales Reported On
st. Anthony Hill at Good
Prices.
Dayton's Bluff Waiting Pa
tiently for the New Mo-
tor Line.
Rice Street Looking Up--West
st. Paul Wants the Broad
way Bridge.

the real estate market during Tue week,
and nothing OF special Importance has
occurred that is likely to produce any
noticeable variation hereafter. There
has been gradual Increase in sales ana
general buSinesSs, and prices have
strengthened. An increased vitality is
also everywhere to be observed, and
trading has regained some of its old
time vigor. Sales have gradually and
steadily increased, and on the whole,
the market looks better in every respect
than it did week ago.
The weather, which always has an
important bearing on the real estate
market, has, on the whole, been OF a
more favorable character, especially
during the last part of the week, and
many who had desire to look at real
estate had some better opportunity to
crafty their wishes than they have
heretofore had for many long, weary
months. From this time forward all
the opportunity desired will be fur
nished for buyers to look up pur-
chaSes.
The property that is still regarded as
the most desirable, outside OF business
property, is that which lies out on the
DGduUlIul pIdUcdu DU. AHtlOHy Hllls
MesSrs. Bushnell 81 Bushnell sold $50
feet front on Dayton avenue running
back to Selby avenue, between Mac
kubin and Arundel streets, for $4,000.
The same parties that bought this are
figuring for 100 feet further west. These
purchases are made and to be made
with view of some extensive improve
mentS which will help to improve that
part of the city very greatly.
Messrs, Bushnell & Bushnell have To-
Gated the Springfield foundry at Inver
Grove Factory addition, and have also
contracted for the construction of six
houses, cottage in style, to cost from
5000 to 81, 600 These cottages will be of
the most modern style and furnished
with all of the latest improvements
known to modern building.
~
These gentlemen have found deposit
of fine yellow clay of very excellent
quality at Inver Grove, and they are
having it carefully examined by compe-
tent persons to ascertain the extent of
the deposit. From what has already
been learned all that have seen the find
deed. 1t is the intention of Messrs
Bushnell & Bushnell to put in steam
brick plant.
One of the most noticeable character
istics of the market IS the remarkably
large inquiry for residence property on
st. Anthony hill and in the suburbs.
This inquiry extends out as far as Gro
Gus hill and other points ON the south,
clear across the hill, even up to Front
street, which is now becoming one of
the prominent streets in the city. Every
day enhances the value of all
this property all through this stretch
of country. The stretch of country
itself is very beautiful indeed, and
naturally attractive in appearance. As
it is gradually built up it becomes more
and more beautiful. 1t will always re-
main the most valuable part of the city
for residences.
Recently there has been some talk of
building the motor line out Seventh
street on to DaytOn's bluff. If this
should be done, there could be but one
effect upon the property out in that 10
cality. During the last two years there
has been decided tendency to improve
the property on that bluff. To the
Dayton's Bluff union is due much of
this. No one agency has done so much
to promote and increase the public i'm
provement in that locality as has
this organization. 1t is wonderful
what an impetus this union has given
TO the public improvements of that part
of the city. Streets have been opened
and graded, broad avenues improved,
and arrangements made for parks, so
that the whole bluff is being gradually
brought to remarkable degree of per-
lection as regards its exterior appear
ance.
At no time has there been such a per-
sistent demand for mortgag paper as
there is now. 1t sells very readily, and
a good deal better than it did las fall.
This is relieving all real estate men,
and may have the effect of improving
the real estate market in an indirect
way. Ifcit were known how much
money was coming in here Oh
mortgages it would greatly surprise
every one 1t is difficult to estimate the
Importance of this fact upon the BUSH
ness of this city, but the fact that such
large sums of money are being invested
in this description of securities may
safely be taken as an indication of the
solidity of the town, and the estimation
in which the city of st. Paul is held.
AS the spring advances the money
seems to flow in all the more freely.
~
The building season is getting under
way now and business is very active.
William Dawson, who last year started
a block of four or five stores on the
northeast corner of Jackson and Eighth
streets, facing on Jackson, will now fin
ish them. This is to be brick block,
three stories in height. The walls are
nearly up to the second story, and the
whole structure will be three stories
high. Workmen are engaged night and
day on the addition that is being MADE
to the block on the northeast corner of
Robert and Seventh streets. The whole
structure is being wholly remodeled and
a large addition built. Wen work on it
all day and are followed by night by
other men who work at night by electric
light,