St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-09
IN REALTY CIRCLES.
A Lull in Business Reported
by the Festive Real Es-
tate Agent.
What Is in Store for Specula4
tors and Investors the
Coming Spring. n
Probable Effect Of the New
Electric Lines on Sub
urban Property.
News Notes Of Passing Inter-
est to Merchants and
Property Owners.

1naro is hot much 70 be said OF the
realty market the last week. The cleo
ton has had disturbing effect upon
every business. But the election Is not
alone responsible for the general quiet
prevailing in the realty market. Winter
is upon us, and in the absence of the
Compromised boom, there are compar-
atively few transfers being recorded.
1t is questionable whether much
business will now be done until
after the New Year. Real estate
men do not expect to do much business
the last two months of the year. Mer-
chants refrain from specializing at this
season until they see how their balances
come out at the end of the year. With
the dawn of spring much better feel
Ing pervades the market, and the out
look for next spring is much brighter
than has been experienced for several
years. There are many reasons for
this. One, especially, is the in
creased facilities for street travel.
The transfer from horse cars to electric
lines is going to be great boon, not only
to realty men, but working people gem
orally. The suburban districts ar being
brought into immediate and easy COM
municatiOn with the business center of
the city. Workingmen need no longer
crowd their families and themselves into
tenement blocks. A more commodiouS
residence can be procured cheaper in
the suburbs, and even with the extra
expenditure Of car fares, there will be
saving upon the eXOrbitant rents which
have been demanded and paid for a
suite of rooms in tenement blocks
The rush to the suburbs will
create ready sale for lots. There has
been evidence Of this the last summer.
Building has been very brisk, hundreds
of residences have been erected, and
what is more. all have been rented.
The exodus from the business center
has had the tendency to bring down
rents. and if. rs IS proposed, larger
number of residences will be erected
next year than in past years. rents will
fall still lower. And they ought to.
All In all, though the realty trade is
quiet now, there is much encourage
ment to be gained from the outlook for
spring trade.
An extension has been granted the
city railway company in which to COM
plete its electric lines agreed to be
operated by Nov. l. The extension is
quite proper. No one can charge Tom
Lowry's company with any attempt to
Shirk its responsibility. The work has
been Kept apace with the supply Of
material, and the delay in supplying the
material can in no wise be attributed to
the city railway company. Several of
the new electric lines are already in op-
Grafton; the remainder will be by March
l. This is most opportune time for
realty men, as the providing of
additional street car faeilites al
spectators and investors to the
districts thus opened up. The
lines to be in operation by March in
clude those Oh the West side, Arlington
hills and the southeast of Dayton's
bluff. There is large amount of sal
able property In these districts. and the
localities are largely favored by work.
lngmen. The extent to which the dis
tricts have grown under the inadequate
facilities of the last few years gives some
indications of what may be expected
with quicker and more ready means Of
travel.
Notes.
A. j. Hoban has purchased from F. Fl.
Carmen north 25 feet south % Ieet lot /,
block 60. IrYine's enlargement, the cOnsid-
Grafton being ST. $40.
John A. Carlson has taken out O permit for
a three-story brick block, Goodh ne, near Su-
perior, the estimated cost of which is SlO,-
QUO.
E. o. Holcombe is building two-and-a-
half-story frame dwelling on Dayton, near
Grotto, at cost of $500.
W. II. Garland is building S 10, 200 two
story frame building on Paramount, near
Avon.
A very comprehensive census Is being
taken of the city's manufacturers
Little is being said or done nowadays re-
speeding manufacturers
Midway property is worth the attention Of
spectators.
Realty Transfers.