St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-09
ST. PAUL REAL ESTATE
A Decided Improvement Noted
in the Condition Of the
Market.
Prices Fipmep, Inquiry Better
and Sales Growing More
Numerous.
Encouragement Given for the
Extension Of the Cable
Line to Midway.
Commission Men Are Inter-
Commission Men Are Inter-
ested in a New Building
Proposition.

There is q decided Improvement III
real estate. and sales have been much
more numerous than during any. time
i'll eighteen months. MeSSrS. Bushnell
& Bushnell report increased business
and inquiry, and that there is a better
disposition by Eastern capitalists ana
st. Paul parties to take property.
p. T. KaVanagh is buying heavily.
Ele has recently purchased $50 feet on
Dayton avenue. at It's Junction Wlth
Western, for which he paid $4,000,
Messrs 0ppenheim q kalman nave
Invested nearly S1,000,O0O In st. Puul
real estate for. Eastern capltallStS, DIS
we'll as for themselves.
Mr.. Dawson also continues TO pur-
chase property whenever he finds 1t
trif1e below market price Other con-
sentative st. Paul capitalists are TAX
ing hold of property in a quiet way, all
of which goes to show that ST. Paul is
appreciated at home as it never has
been before. OF course, there is not the
rlamor fer cheap lots and lots III out
side additions that there was couple
of years ago: but values are well MAIN
tanned, and owners of property are not,
as rule, willing to cut the prices asked
for their property in order to effect a
sale. The mortgage notes given the
past two, three and four years Tor part
purchase price on property have been
met with reasonable promptness. All
this has tendency toward
better real estate market. and easy
terms can be made by the owners OF
property at the present time. Money
for first mortgage loans is plentiful at
from b to per cent. The amount Oh
money expended in buildings III thlS
city during the year 1883, and the loca-
tion of many substantial enterprises.
indicates that the year 1889 VIII snow a
first-class market for desirable and we'll
located real estate.
EXTENDING THE CABLE LINE.
: 1t looks as though residents OF the
Midway district would be furnished
with more and better transportation
facilities. The Summit Avenue BOule-
ward association, the aim OF which
Is to improve, first Summit ave-
nue., and then advance the
interests Of the district adjacent to this
beautiful avenue, has been comforting
with Thomas Lowry, president 0 the
st. Paul City railway lines, with view
to securing from him some basis on
which the st. Anthony hlli cable line
can be extended to Merriam and Mac
alester Parks. The members Of this as
ISOLATION have met with considerable
encouragement from this gentleman,
whom they approached relative to
securing the extension of the line to
Victoria street. 1t was explained to
them that the company could not put IN
such short extension, as the line was
so constructed at the present time that
they would have to add at least Two
miles, and possibly two miles ana half,
to conform with present arrangements.
The line, when extended, VIII be run
by q separate cable from that OF st. Al
bans street TO the foot OF Fourth street.
Mr.. Lowry stated that il the council
would have sewers put in on Selby ave-
hue as far as the Milwaukee short line
track, his company would, with proper
inducements, extend the line westward
next year. There is now before the
city council the question OF grading
Selby avenue to Cleveland avenue.
With this properly put through the
council this winter, and contracts let
for the work, there is no reason
why the cable line should not be eX-
tended. In all probability the council
will order Selby avenue graded through
to Cleveland avenue. Then the proper
ty owners could call for the sewerage
system to be completed on that avenue
as far as the Milwaukee tracks, and the
bonds that the company require, might
be easily raised. The extension of the
cable line would open up Anna E.
Ramsey'S addition, Rogers addition,
Boulevard addition. Merriam Park sec
ond addition and several other smaller
additions lying near Selby avenue
Merriam Park and Ma calester Park
would have the very best transporta.
tion facilities, having at present half
hourly trains on the Milwaukee short
line: and with the cable trains, every
ten or fifteen minutes, il would then be
as convenient to live in the suburbs, be
tween this city and Merriam Park, as il
would to live in many portions of the
city that are now reached by the horse
cars.