St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-03-22

There is an undoubted improvement
IN the local real estate market. The
best evidence of this fact lies in the
record of deeds filed during the last
two weeks. Within that period the
amount of transfers have been fully
twice what they We're during the pre-
ceding two weeks Dealers interviewed
recently state that the improvement
is genuine, and is likely not only to be
maintained, but to develop larger pro-
portions before many weeks.
1t is true that no notable transfers
of business property have been made
within the last month. But many per-
sons realize that st. Paul property is
as cheap as it is ever likely to become.
When better times are reported
upon all sides, and when Kansas City
almost annihilated by it's great BOOM
is already enjoying a prosperity akin to
that of its best days, no one can be-
IieVe that St Paul is to wait long for
it's share of the good times The men
who realize the cheapness of local
property are therefore buying as eX-
tensively as their means will admit.
The purchases are especially of i'm
proved residence lots. A great many
excellent homes have been secured of
late by the very men who, having lit
tie to invest and convinced of the
brightness of the city's future make
manifest their confidence by putting
their money in a home The district
most in favor by recent buyers has
been st. Anthony hill. Inquiry did
not confine itself by any means to the
more fashionable part of the hill. and
within a few blocks of Summit ave-
nue.. For a long distance north and
west of this avenue stretches a wide
territory with equal natural advan-
tages. and not lacking in all the ac-
cessories of a residence district There
seems to be no sound reason why Vic
toria street, for instance, should not
be as desirable a place to build q
home IS any of the nearer thorough
fares. The comparative distance from
the haunts OF business is only matter
of five minutes or so, on the cable line
or in the Grand avenue ears. while the
fact that ones neighbors are a bit
scattered is an objection made against
Western avenue but a few years ago
and one that will rapidly disappear.
The Interurban district is attracting
the attention of not a few investors
especially in the ranks of Eastern cap
italistS. The latter feel sure that two
cities Of equal size with ST. Paul and
Minneapolis, and of equal progressive
ness, must in the very nature of things,
grow together; that if one city retards
its progress, the other, at least will
not gain; that the interurban district
is sure to profit by the prosperity of
either municipality, and that property
OF such central nature cannot fail to
reap double advantage by its unique
position.
Although, as stated, no actual trans
fers of important business property
have taken place recently, yet there
is scarcely real estate agent but has
heard interested inquiry as to the pos
sibilities of securing at present prices
some of the few lots still practically
unimproved along Sixth Seventh Rob
ert, Minnesota, Wabasha and St Peter
streets. 1t is almost certain that i'm
provements of great value will be be-
gun along these streets during the
present year.
The recent remarkable impetus given
by various agencies to the inflow of
immigration will do much to strength
en- the value of st. Paul realty. Not
only will many of the new corners To-
cate directly in the city, but the addi-
tional business brought to local mer-
chants by the filling up of the state
at large will react favorably upon the
value of property in the merchants
own city. Not the least of the favor
able signs of the coming year is the
certainty that, when the Red Lake
agency is opened UP, the wave of immi-
grafton will receive substantial crest
that will be visible from all parts of
the business horizon.
AS an indication of the movement in
Of
fers for March are given:
March 2......... $540OI March H. o.. 700
March S.......... 5000 March 49, % 00G
March 4.......... $500 March 10. 70 zoo
March 5... 2 5OOl March Il % 50G