St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-27
ARE COMING IN SHOALS.
Outside Capitalists Anxious to Buy
Available Business Lots.
BUILDERS MAKE A RECORD.
Work to Be Accomplished This Year
by the City Railway Com
pany.

Inc business QOn6 III Cuo realty iu"A-
ket the past week presents no striking
features. There have been large num-
Der of transfers, but, like the preceding
week, the realty sold is largely in sub
urban lots. There continues steady
inquiry for inside property, but owners
show diffidence to sell. The opinion
is become daily more impressed among
owners of St. Paul business property
that there will soon be an upheaval i'll
the prices for this class OF property.
hence their Discrimination to sell at this
time. AS has been several times set
forth in this column, there are many rea-
sons why an increase is absolutely
certain in the prices for. inside lots;
The business property in st. Paul
to-day is scheduled at a mucn lower
price per front foot than is that of
many other Western cities-Kansas
City, st. Louis, Omaha. Sioux City and
Helena, to wit-none of which can boast
st. Pauls commercial stability and as
sured future. Why such is the case is diff
ficult to account for: but now that East
ern capital is pouring into the North
west there is every reason why inside
property in st. Paul should experience
big lift. Within the past thirteen
weeks there have been several capital
lists from the East looking over likely
business lots. The fact that they have
made purchases and still would make
more is having good effect on the real
estate market and drawing increased
attention to the good investment which
st. Paul business property affords.
The building trade shows signs of
making a record this year. There are
large number of business blocks going
up in the city, and the residences that
are being erected in the suburban dis
tricts are quite a revelation. The one
district which is receiving most atten-
tion is that lying between the Selby av-
| enue cable and the University avenue
line. There are just now hundreds of
new houses being erected at the point
named. The West side is receiving a
fair amount of attention, as is also Day
toms bluff. HOuseh0lders will greatly
appreciate the attention which build
ers and capitalists are now Civ
ing to residential property. The
large number of new houses will
be great boon to the working classes,
for it will have the effect of reducing
! rents. House rents in st. Paul have
been too high for many years. and as
consequence the people have been
crowded into tenement blocks, while
ordinary dwellings have been used to
| accommodate two or more families.
The crowding of population in such
| way is not at all conducive to good
| morals, and the general health of the
| people must materially suffer. 1t is,
| therefore, very encouraging to note the
large number of dwelling houses being
| and about to be erected, for it will place
them within the reach and means OF the
humblest person.
The work of constructing the SeIby
avenue extension is now well under
way and in three months at least it is
expected that the cable will be running
| to Merriam Park. At the same time the
work ON University avenue is being
| rapidly pushed forward. The Randolph
street electric line will be undertaken
as soon as the material required is to
hand. There is no probability of any
| of the other lines being constructed this
year. The city railway company in
| tend to adopt the electric system as
soon as possible, but delay must occur
owing to the demand made upon the
electrical manufacturing companies.
| These companies are reported to be
| filled with orders for three. years ahead,
and as consequence there must be
some delay somewhere in the construc-
ton of electric lines.