The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-01

avenue bridge, and extending back
about two blocks. This property along
With all of the property between
Broadway and Daytons bluff, is said
to be desired by the roads for track
age, warehouse and other purposes.
That section of the city now being
invaded by the railroads is the oldest in
st. Paul. When the city was little
more than mere village, lower town
was the aristocratic residence district,
and many of the houses built at that
time still stand.
Representatives Of the buying roads
decline to discuss the purchase of the
property, but the persistent manner in
which almost every piece of property
in this part of the city is being bought
In has led the real estate men and
others who are interested to do some
guessing
One well informed man stated yes
teFday that it was believed by many
that as soon as the roads succeeded in
securing possession of all Of this prop
erty, an attempt would be made to
have the union depot located farther
up in town. The story told by this man
is to the effect that the new union sta
ton is to be located at Seventh and
Willius, on the upper side of Seventh
street.
Another well informed real estate
dealer, however, declared. the above
story to- be a pipe dream" and in or
der to back up his statements. referred
to the expensive improvements made
at the present union station during the
past year, something, he said, which
would not have been done had a change
such as the above been anticipated.
Old Town viii Disappear.
cit is fact, however, said this same
man, that the roads are rapidly buy
inc Of ~
very short time, what was once the
homes of the early settlers will be
noth1ng more than a net of railroad
tracks,, warehouses and freight yards
1t is also said that in the very near
future the railroad interests, especially
those interested in the Union Depot
company, will buy in the property be-
tween the tracks and Third street
More room is needed by the roads en-
tering the union station, and this is the
only manner in which relief can be had,
all of the available space up to the
river now being in use.
For the very reason that the rail-
roads are buying up the property in
lower town, local real estate dealers
anticipate a lively business during the
coming spring. Many residents of. this
section of the city are being rendered
homeless" by the railroads. but they
have sold for good prices, and will in
vest in good property in other and
| more up to-date localities MANY in
quiries are already being made for
residence property of the better class.
Real estate dealers in general are well
pleased with the prospects for the COM
I ing year.
There never was a time, PERHAPS,
I when people Of moderate means were
| more generally buying than is the case
at the, present time" said prominent
/ dealer yesterday. *AppreciabIe ad6f-
tionS to the number of home owners in
/ the city have been made within the
past two years, and this tendency
seems to be increasing. The future
promises to witness still further de-
VeIopnentS. 1t can also be said that
| the facilities offered to the people,
especially those Of moderate means, to
/ own their own homes, We're never so
/ attractive and hopeful as is the case at
present. It may be truly said that the
purchaser of today of a home of mod
crate proportions can get more for his
| money than the wealthy man could a
I few years ago when he built his own
house. Without exaggeration 1T may
be said that all of the improvements
known to the modern home can be
| found in the small house which sells
| for $4,000 or more"
Very Poor in Other Lines.
| Aside from. the purchases made in
| the interests of the railroads, the past
/ week has>been about the poorest in the
number of sales, that has been expert
/ enced In the local real estate marke let
| for months past, but, nevertheless, the
dealers are far from discouraged, and
are preparing for a large business in
| the spring
The members of the st. Paul Real
Estate Exchange, it is said, will op-
| pose any attempt on the part of the
T legislature to abolish the office of abb
/ straet clerk Of Ramsey county The
dealers believe the Office should be
maintained, and say that it's aboIish-
ment win be the means of large in
crease in the price charged by private
/ abstracting companies.
I Under the present system they claim
the fee is set by law, and in order to
secure the business private abstrac-
/ tors must do their work for the same
price. At a recent meeting OF the ex-