The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-10
REAL ESTATE DEALS
ARE NUMEROUS,
Certainty of the Worlds Fair
Brings About Record Break
ing Activity.
WHOLE CITY Is affected.
District Along the Levee Shows
Unusual Activity-Mercantile
Trust Company's
Quick Sale.
WHOLE CITY is AFFECTED.

| VI tLc DaSSd5c VI III IL . o. phA -
Congress, the Mercantile Trust Company
sold the southwest corner of Eighteenth
| and Olive streets. with a frontage Of 70 feet
2s inches on Olive street by 1903 feet 1 incl
| on Eighteenth, to Frank A. Ruff, OF behalf
of Charles f. Bates, grantor. This deal
was the first result of the passage of the
| Worlds Fair bill in this city.
In the week which followed, the activity
in real estate circles has been remarkable,
both for the number of inquiries and for the
number of deals closed, pending and pro-
posed. The transactions in valuable down.
town property, especially in that district
known as the older business section. along
Main and Second streets. show conclrsively
the stimulus which the Worlds Fair has
given, not only to real estate, but to bust
ness at large. Nearly every transaction In
real estate in that section will be followed
by the erection of a new building or by
the founding Of some new industry.
The sale of the northeast corner of Sec
ond and Vine streets by the Nicholls-Ritter
Realty Company to Henry A. Siegrist, who
intends to erect a substantial four-story
building on the site for the use Of the Sic
Erlst L~ubricator Company, Is Il deal typi-
cal of the transactions to follow in the i'm
mediate future. The property was sold on
behalf of w. NJ. Walker of New York City.
Revival I'm Older Sections.
The sale presages a revival Of the older
business section in real estate matters, and
an indication of this is that Mr.. SieSriSt
has already been offered u profit Of $1,000
on the transaction.
Several large deals are also In process of
formation at present. The old Siegel-Hill-
avenue. which has been undergoing altera-
tons and remodelings for the last few
weeks. 10 to be occupied by the Frankel
Bros. Of Des Moines, La. who will establish
a large department store there. The COM
pany intends to move bodily to this city. as
a result Of the Worlds Fair. and will occu-
Ply the entire building with it's plant.
Two other important deals are reported
pending in real estate circles. One is an
offer which has been made to Robert Noon
an for the purchase Of the property now
northeast corner of Sixth and Olive streets.
Mr.. Noonan states that the offer amounted
to 100000: A ninety-nine-year lease on the
property is now owned by Mrs: V. s. Peug-
net. The intending purchaser is a nonresi-
dent.
Another item Of interest as indicating the
activity in building circles Is the report
ufacturing Company is considering the
erection Of a building at the northeast cor
ner Of Seventh and Olive streets. The
at this corner, extending over q
frontage Of more than leo feet on Olive
street, belongs to the Benjamin Sanford es-
tate, and Is now held by Tower under a
HIga HOGAN A several Awe Years ago, and the ieass
was sold to Mr.. Tower by Hogan for $780,
the erection of a building on the site in the
near future and that plans are now being
drawn up. Mr.. Tower is at present out OF
the city on his country place. He will re-
turn Tomorrow.
The activity in entails has been brisk all
week, but inquiries have exceeded the deals:
The agents believe that it will be several
weeks yet before the business reaches its
height. although the week has been much
more lively than the previous one.
Inquiries for Residence Property.
Sales in residence property have been
more numerous than formerly and all
the agents report brisk inquiry as well as
deals. Charles F. Vogel reports numerous
sales. not confined to any one section of the
city, while Henry Hiemenz. Jr., also reports
important transactions
Compton Heights seems to be undergoing
n general revival at present. and Adam
and Henry Hiemenz both report good
report an active inquiry and four deals
WHICH they have under contract. The Black
welder-Holbrook Company also reports sew
eral important deals pending.
Malcolm Macbeth reports a good business
for last week, as does the firm Of Storm &
J; L Epstein reports several i'm
pwned by Wiliiam stix. at No. $1a5 wash
venue, to Doctor William s. Deutsch
for SIS GOO. Reports are received from the
agents generally Of activity in West End
property.
The title investigation matter. which has
oeen agitating the real estate circles of late,
mas quoted down somewhat and no definite
has been set as yet for the meeting of
he agents opposed to the consolidated
company. Stock in the consolidated COM
1any was some 90 points lower on change
yesterday than the previous week.
The agents Interested in another title In
,estigation company state that their side Is |
than ever and that 1t was merely
he rush OF last week which kept them from
Meeting and tTlnS2CtinY soma defipita h1Gt- /
less.
All in all, the outlook in real estate circles
q most promising and the record OF the
week just past is exceptional.