St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-29
The TREND OF TRADE,
How Merchants and Dealers
Feel Upon the Advent OF
Spring.
Real Estate Men Find No
Speculation, But a Nat
upal Deman d.
Jobbers Report a More Set
tied Feeling and Better
Collections.
Building Trades Ready for
Spring Work With High
Hopes.

To the Spectator in realty who an
fcipated boom in that line for St. Paul
with the present spring, the actual con-
hition of the market may bring some
Thing of disappointment. To the citizen
interested IN steady and substantial
growth, with which boomS have nothing
In common, the fact that there is no false
Initiation can only cause satisfaction. 1t
is only necessary to follow the daily re-
bort of real estate transfers to find that
there is a steady movement in realty,
and that the past few weeks have been
marked by an increasing brlsknesS of
demand for desirable property. Pur-
ehasers of real estate just now are of
The class of buyers whose payment of
certain price for lot means the further
expenditure of money to improve the
property. The real estate dealers unite
in asserting that in nearly every case of
recent sales the purchaser Intended 10
build OIL the property bought. There is
q brisk demand for desirable lots in
certain quarters of the city.
OF the numerous real estate firms,
Bushnell q Bushnell seem to be doing
the heaviest business. A. Il. Bushnell
stated yesterday for the firm, that for
thus early in the season the market be
trayed an encouraging degree of ac-
tivity, and the prospect for brisk bust
ness little later on seemed very good.
There has been a good deal of specu-
lative buying along the University
avenue electric line, on the presumption
that property along the rCate OF the new
road would greatly increase in value
nurng the present summer. Aside from
this locality, the firms sales have been
chiefly to prospective residence build
erS, and the number of inquiries for de-
siEable residence propertyiS larger than
ever before. MIR. Bushnell reports a
particularly active demand for lots in
the hill district, and large number of
deals have already been made at good
prices, while several large ones are now
under consideration. Grand avenue
and the Midway districtseem TO possess
great attractions for most people deslr-
ing locations for homes, this being
easily explained in the fact that i'm
proved transportation facilities have
made it possible for people to live mile
or two from town without prejudice to
their business. The firm is Of opinion
that good brisk movement in realty
will mark the summer season.
Messrs. Smith & Taylor state that for
the week Just ended sales have not
been as brisk as for the two preceding
it. but the inquiry has been active and
several deals of more or less Importance
are on the eve of contamination. The
demand for houses to rent is greater
than for years past, and MeSsrS. Smith
d Taylor are building twelve residences
for renting purposes on University
avenue. This firm unites with the 9th
ers in the statement that most purclas-
erS of realty this spring are intending
builders.
p 7. Kavanagh, who, by the way,
only got down town yesterday after an
illness of some weeks duration. says
the market is not specially brisk at
present, but that the prospect is favora-
Bile for a more active market in a week
Or two. All the dealers in dirt seem
agreed that there is no cause for appre-
tension of a stagnant market this sum-
mtr. Desirable property Will Sell now
as well as it ever would, and undeSlra-
BILE property will not, though in case OF
a boom the owners of the latter might
get chance To dispose of that which
is not really valuable for any purpose
at present. The movement in West st.
Paul and on DaYton'S bluff Is chiefly
exchange, fewer bona tide sales having
been made in these localities than the
others mentioned above. A short talk
with the architects yesterday afternoon
only SubStantiated the statements made
In the columns of the GLOBE couple
of weeks agO-that there would be more
building in the line of residences in st.
Paul this summer than ever before in
any one year of its history, and that the
glass of structures to be put up was in
finitely better than has been the rule i'll
the past tour years.