The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-08

consideration at present in connection
with proposed new sites are the st.
Paul Rubber company, Griggs, Cooper
& Co. and Fairbanks Morse & Co. 1t
is proposed to furnish sites for these
firms between Fourth and Fifth streets
and furnish them suitable sidetracks.
With the removal of these firms from
the Third street district and the re-
moval of Foley Bros. & Kelly to their
new location, the lines interested in
the Union Depot company would see
their way clear to purchase the prop
erty up to Third street, much desired
for union depot purposes.
The purchases by the railway com
panies includes property as far west
on Seventh as Willius street, which
IS probably as far west as purchases
will be made under the present plans
A large number of purchases in this
vicinity have been made during the
past few days, several of which have
not as yet been made a matter Of
record. Options on other desirable
property have been secured, and it is
expected the purchases will soon fol-
low.
Has invested 100000.
While only a part of the transfers
have been filed in the office of the
register of deeds, it can be safely said
that the aggregate purchases made by
the Northern Pacific during the past
few weeks will amount to more than
$l,000.0OO. Fancy prices have been
paid for every piece of property pur-
chased, which includes some of the
Oldest and most ariStocratic houses
in the city, lower town having been
the first aristocratic residence section
of st. Paul
of this lower town property is being
made by the 500 road Is discredited by
those who are well informed as to the SIT
nation. While the 500 would doubtless
ike to have enough room in this Sec
tlon OF the city for terminals Of it's own,
there Is nothing to indicate that the pur-
road. The Soc, now leases Its terminals
from the Northern Securities company,
and while 1t might desire terminals Of
It's own, 1t is just as probable that the
Northern Securities company would
wish to place such q probability beyond
the reach of the 500 line.
by the Northern Pacific is that of the old
Dennis Ryan homestead, for which they
paid $29, 000 yesterday. The sale was
maze by James 81. Burns. who recently
picked the property up on a tax title foe
less than $4,000. There are some taxes
against the property, but Mr.. Burns will
clean up a. profit Of about $4,000 on the
deal The. property is on Woodward ave-
nue., and Is a part Of the tract the sale
or which mas created SO much speculation
during the past week.
to have acted as a stfmulant in the gem
eral real estate situation in st. Paul. the
past week showing a marked increase in
business over the previous week, as well
as over that of the same week year
ago. The demand for both downtown
and residence property has been brisk
during the past few days. and local real
estate men anticipate splendid BUSH
ness in the near future.
Y. Nj. c. A. Takes Option.
One. of the deals Of more than ordi=
nary Importance which Is ION tap at the
present time is the purchase of site
for the proposed new home of the Y. M c.
A. The site which will very likely be Sc
lected is located at the corner of Fifth
and st: Peter streets, opposite the Wind
sor hotel The association yesterday Sc
cured nfnety-day option on the proper
ty for $45, 000. The property has a
frontage Of ITO feet on Fifth street, lis
feet on st. Peter street, and "a feet on
Market street. with III feet across the
back lot. Should the Y. M. G. A. decide
to close the deal for this piece of prop
erty, 1t is the intention to erect large
and commodieus building thereon in the
near future.