St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-27
An Improvement in Realty Is
Noticed and Prices Are
Firmer.
Agitation About the Street
Railway and the PrOSsep
Motor.
Efforts to Have the Cable
Run West on Selby Ave-
nue..
Immense Increase in Values
in the Midway Dis
triet.

While the real estate market cannot
be SAID to have improved great deal
during the past week, it can safely be
said to be improved over that of the pre-
ViOuS week. Sales have been steady
and regular, with no Strikingly large
ones, except the arrangements made for
ground for a new opera house. There
has been more inquiry, and a stronger
and better feeling prevails. Dealers
are very we'll pleased with the present
condition and the outlook for the sea-
son.
Bushnell & Bushnell report an in
creased inquiry. Among other sales
they report two houses and two unim-
proved lots, aggregating $4,000. and
say that the prospects for the future
are very encouragil g.
1t is reported that prominent citizen
OF st. Paul has been East working up
street railway company to be operated
by the PrOsser motor system. 1t is
stated that if the new company does not
start lines towards Fort Smelling. Re
serve town, Manchester and Merriam
Park during the coming season it will
be because the present company has
purchased the right to use the ProSser
power aud guaranteed to put it in oper-
alton in st. Paul within a reasonable
time.
The meetings being held in the Mid
way district are lending every en-
enlargement towards securing more
rapid transit lines and reduction of
fares.
The committee appointed by the Sum
nit Avenue Boulevard association to
agitate the extension of the cable line
west on Selby avenue. have met with
considerable encouragement. first from
the st. Paul Street Hallway company,
and lately from property owners along
the line of the proposed extension. The
committee has been assured that one
party will contribute thirty lots,
worth $1,000 each. This is a
good start. and will encourage
the committee to keep at work. The
committee expects to make a general
canvass of property owners during the
coming month with view to securing
subscriptions in the way of lots toward
the sum Of $4,000 to be raised as a
guarantee to the street railway com
pany. Several dealers report the with
drawal by the owners from market of
property along this line.
-
The street railway company is deliv-
ering iron on Grand avenue, west of
Dale street. for the purpose of putting
i'll an additional track, the present line
being but ia single track from Dale to
Victoria street, on Grand. Work will
be commenced soon.
-
F,CD, 7 o,,Jo,, NV,
and Boston are in st. Paul with view
to making investments, and are exam
lining good deal of property.
Parties have been dickering the past
week for $500 worth of property on
CrOcus hill. and have got down so that
there is but $3.50 difference between
them. This property was sold one year
ago to the present owners for $4,000.
This is another instance of the advance
of real estate in this city this year,
which has been considered a very dull
year for real estate transactions.
S. Lee Davis gives very interesting
illustration Of the advance of real estate
i'll St Paul. In 1882 he had placed on
his list for sale LOO acres of realty,
which comprised all of st. Anthony
Park and some of st. Anthony Park
North. in the Midway district, west of
Hamline, with small strip running
east TO Smelling avenue. This he held
at $500 per acre for some, and finally
formed a syndicate to buy it with Com
modore KittSon at the head. just be-
fore the deal was completed the prop
erty was withdrawn from the market
At present price could not be placed
upon it, as it has been greatly improved,
quite a large suburban town having
been built on a large part of it. II il
was III plain acres at the present time it
would be worth at least $4,000 per acre,
instead OF $500.
While the mild weather of the past
winter has been unfavOfable for real
estate transactions, many dealers claim
that January has been a much more
active month than January, 1888.
*
The commission men are still hunting
for location upon which to erect their
proposed commission houses. They
have the refusal of several pieces of
realty, but have not decided Just where
to locate, though there is one tract that
they think very favorably of, the price
OF which is $4,000.
~
Work is progressing, and has been all
Tie NlhttI. OH lllOSt vi Tie large Dullu-
ings, such as the Young Mems Chris
tian association and the New York Life
Insurance buildings. The same may
be said of number of structures in
West st. Paul.
The committee appointed to arrange
for the excursion over the 500 road to
the stock yards will hold a meeting to-
morrow at the office of President Haz-
Zard in the German-American Bank
building at 1920 a. M
G. c. Fairchild reports a great bust
ness for the month of January, notWith-
standing all the unfavorable circum-
stances that have surrounded the Win
ter's business i'll realty. He says the
inquiry the past week has been very
much better than for several weeks.
J. Fairchld & Co. report an improved
movement in realty and increased
activity.
Stone Sc Morton have had a good
week, and report more active move
mCnt in reality out III the vicinity of
Arlington Hills.
The Record.
LAST WEEKS TRANSFERS.
No. Value
Monday ........................24 Sl39,695
Tuesday 20 do 0p6