St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-15
BOUND TO GO HIGHER
An Upward Move ment Re-
ported Last Week in
Realty Circles.
The Demand for Midway
Property Still on the
Increase.
Building in the City Never
Brisker Than It Is This
Year.
Has Any One Heard Of the In
duStrial Union?--TpanS-
ferS and Permits.

duStrial Union?--TpanS-
fers and Permits.
An upward movement was felt in
realty last week, or, as one dealer put
it, "the boom is here at last" 1t is
questionable whether in the strict sense
of the word a boom will be experienced
this year in st. Paul, but there can be
no gainsaying the fact that great bust
ness will be done. A steady sale-a
good markets. much more preferable
than an unnatural and meteOric rise in
realty transfers. The general tendency
for the last eight months has been favor
able to good business in st. p aul realty.
The city has been visited by scores of
Eastern capitalists, and as a con-
sequence considerable for eign capital
is being invested in the city. This is
particularly noticeable in regard to sub
urban property. The first impetus given
to this property was noticeable with the
Inauguration of street transportation
facilities. There was a marked improve
ment noticeable last year when the Sew
enth street cable was opened, but moth
ing in comparison with the demand
created for Midway property by the
opening of the Grand avenue electric
line. The Grand avenue district is
without doubt the residential end of
the city. The situation is so fine, the
air is so pure. and the two combined
with unnvoopfi0nohl o roncnnrtafinn
facilities place the district ahead of all
others in the city.
The delay experienced In securing
adequate street transportation has ter
ribly handicapped the progress of this
city. This is clearly evidenced by the re-
markable advancement made along
Grand venue since the Inauguration of
the electric line. In addition to the
transfer of al immense amount af prop
erty, there has been a considerable
number of new residences erected. A
trip along the line at once demonstrates
this fact. The popularity of rapid trans
portation is also clearly indicated by the
patronage extended the electric line.
The number of people DESTROYS of en-
joying a ride OH Sunday is entirely be-
vOnd the capacity Of the cars. Every
Sunday since the electric line was
opened several hundred people have
c~Ongregated at Smith park and madly
rushed for seats on cars running through
to the river. At present only n out of
three cars on the line now makes the
through trip. An extra wire is to be
put up west of Victoria. and then all the
cars will run to the end of the line.
Considerable dissatisfaction exists at
the apparent %non-action of the Indus
trial union. 1t is several weeks since
the Manufacturers Loan and Invest
ment society scheme was put before the
people, and yet no practical steps have
beer taken to bring additional or build
I'D the present manufacturing indus
tries. From inquiries at the Office of the
society. the information is CLEANED that
committees are still out soliciting sub
scriptionS from local moneyed men to
the capital stock. At first the subscrip-
lions came in very readily. but some
difficulty is likely to be experienced and
time wasted if the officials of the society
are determined not to take any
decisive action until the capital stock is
subscribed, for Secretary Phelps is OPP
matter in this light: Let the secretary
go ahead with the capital already raised.
Introduce some new factories into the
city, assist a few home Industries which
may be languishing for lack of sufficient
capital, and when the good results are
forthcoming no difficulty will be en-
countered in raising the whole of the
capital required. Something of the sort
must be done, otherwise the Manufac-
turers' Loan and Investment society
will virtually be a dead letter.
A vast amount of building Is being
done IN the city. A realty dealer speaks
Of it in this way: 1.-THE building boom
a carpenters shop and a brick yard. To
the real of St. Anthony hill it is almost
difficult for a man to hear himself think,
owing to the sound of the hammer and
saw and voices of busy workmen push
ing forward improvements" There
should really be no lack of residences
at the close of this building season.
Whole blocks of houses are going up in
the vicinity of Selby avenue, Grand ave-
nue. and University enu Contrary to
general expectations, the building per
mits for this rear will cover several
very big bust ness blocks. Many hum
dreds of men are being employed on
such buildings as the Kavanagh block.
| corner of Fifth and Wabasha; the Met
ropolitan opera house, on Sixth street;
the Manhattan building, on Robert
street, corner of Fifth; the New Ar
cade, on Fourth; the new Grand opera
house, on the foundations of the CYCLIC
rama; the new Merchants National
bank, on jackson, Orner Of Fifth.
There is also a reportthat the old Grand
opera house is to be rebuilt; so, all in
all, the building trade for this year will
bear favorable comparison with its
predecessors.
The noticeable transfers for last
| week included the following; E. B
Lawton to G. Lawton, part in Cruick-
shank's G. L.. SIT, 1866; r. B. Wheeler
to Abbie A. Davidson, part of lots 1 and
2, Bryant's subd., $3.50; Fowble Otis
to Mary L. Simmons, part lot 16, block
S. E. Rice's First add, $4,000; P. H.Got-
zian to Caroline Gotzian, lot s. block II,
Kittson's add, part of lot IL, block %,
st. Paul proper, part lot IL, block q, st.
Paul proper, $14. 100; F. W. Farrar to E.
r. Postlethwaite, lot 1, Summit place,
| SIS, 900; E, G. Rogers to Nellie NJ.
Weide, % lots in EaStville Heights,
$500.
Fallihee & Snow report fair trade.
with increased inquiry in Summit Park
addition, where they have made several
sales for immediate improvement. The
market is in a very healthy condition.
Prices continue firm, Notwithstanding
the dismal predictions of the constitu-
tutional croaker. Stinson's Boulevard
addition continues to be the favorite for
homeseekers, where many houses are
going up. The increased transportation
facilities afforded by the new electric
and cable extensions is having a marked
effect on all midway property, and hold