Morning journal and courier., 1891-11-04
NEW HAVEN REAL ESTATE.

Prospects of Very Active Buying
 Next Season-The State Street Horse
 Railroad-Work of Double.Track-
 ing Begun Yesterday-Other I'm.
 Provements. The real estate business of New Haven is constantly enlarging, and although sales have not been as numerous as a month ago, still some moderate properties brought good prices-better, indeed, than was an- ticipated by owners and brokers.
 The season now about closing has been remarkably successful.
 The rumor of new depot in Union street has made owners of improved prop erty in the center of the city ask fancy figures, and even capitalists are set back by such prices.
 The State Street Horse Railroad company began yesterday the work of double-track- ing their road, which will be carried for ward as fast as possible, and good part of the work will be completed, no doubt, before the deep snows come. Ground was broken yesterday for the work between Summer street and Clark street. The roads increased accommodations and bet terment of it's equipment and other i'm provements contemplated cannot but result favorably for the improvement and ad- vancement of the value of real estate in that part of the city reached and penetrat- ed by the road.
 At the Forsyth dye works the work of putting in new 100-horse power engine and two large new Bigelow boilers is in progress. The enlargement of the works adds much to the prosperity of the locality.
 The $10,O0O enlargement of the liar monie club building on Elm street is 8 large and notable improvement. The new addition will furnish an important ex- tension of the clubs means of wholesome recreation.
 The St. Patrick's Young Mems T. A. B. society have awarded the contract for their new building on Wallace street to William J. Healy. His bid was $6, 900. Mr. Edward M. Clark's phenomenal suc- cess in disposing of a large portion of the Clark residuary has attracted the attention of buyers of all classes and is well worthy of emulation. MT. Clark is large prop erty owner, public-spiritedc citizen and an expert on real estate values. He is simply overrun by anxious inquirers for property. Many of these inquirers are small trades men, mechanics, and even women, who have been receiving per cent. from sav- ings banks.
 Other dealers report 8 fine prospect also for next season's business.
 It seems thrifty women have outgrown their reluctance to invest in property, es- pecially building lots, the consequence be. necessary falling off in the amount of de, posits.
 Bank officials all ascribe the cause to the l fact that many of their female patrons pre- | fer the very safe investment of their sur plus funds in building lots rather than al low them to remain on deposit at a low 1 rate of interest, and it emphasizes anew l the growing desire of the poor to own theil l own homes.
 People of all classes are eager buyers of 1 real estate, but they make their purchases | with great deal of caution. The smal buyer wants home in locality which is l within reasonable distance of the place 1 where he earns his wages, and the large l buyer no longer secures property for hi: l grandchildren, but leaves the future te l take care of itself. He takes hold of wha | he can see with his own eyes, buys con l veniently located vacant lots, builds cheaI
 but substantial buildings, stores or blocks | of dwellings and draws his handsome per centsges, fact not directly connected with real estate but which is of intimate
 interest to owners in the increase of pat ronage shown in the annual report of tn.
 horse railroads for the fiscal year.
 MT. Hoadley B. Ives' new order callin; | for three minute cars will doubtless sool
 be initiated more or less as circumstance
 call for by the other lines of the city. People nowadays don't calculate distan
 ces to their homes by miles, but by houri
 and minutes, and whenever there is read,
 access to cheap lots, the tendency of popu
 lar investment is always towards that sec
 tion. The prospect, accordingly, for al
 era of real building prosperity in this cit,
 is, at present, very good and those wh
 are able by their means and their sagacit
 to take advantage now of their oppor
 tunities for investing in building may req
 sonably count on a large profit in tn
 spring.