The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-30

, strong argument. And the advantages Of
the site, al in all. are so great that success
may be predicted for the enterprise In every
way
Rumors Of Many Large Deals.
As was natural. after the selection OF the
Fair site. numerous rumors became prevh-
lem regardins hctyy deals IN surrounding
which controls many acres 10 the imme-
6iate west of the park. and has a large
proportion of the property on the site. adj
DaitS that deals are pending.
Moses Greenwood, Jr.. admitted last week
that he was negotiating for the purchase
of several large tracts in the neighborhoo9
of the park. and stated that he had offered
Thomas Carter. president of the Forest
Park Realty Company. $4,000 for its prop
erty. He also admitted that negotiations
were on for the McCorkle property. on the
north and for other tracts in the neigh
borhcod.
He denied that any negotiations were
pending for the purchase of the Catlin tract.
now known as University place. n rumor
was current In the early DAYS ot me wsen
TO sell his home at Kings highway ara
Iindell boulevard. but this rumor was pos
itively denied by MIR. Kaufman.
Important Leases Closed.
Several important leases were closed last
week. notably the lease by Rice. SIX q 20.
of Nos. lul2 and 1914 Washington avenue. n
I Jv-foot building adjoining their own prop
/ cry. at an annual rental of $lS.cp per year.
| The lease was for three years and seven
/ months -AnQfner lease WAS mat u L tuc oA
mmcn Hardware Company's building, on
the northeast corner of Main and Washing
ton avenue.
The Hubbel-waterhouse Company leased
this structure at an annual rental Of $50
| and VIII start a hish-clasS buggy manurac-
tory there. Their lease runs Tor six years
and the building is being fully modernlzeo
previous to their occupancy. Electric eie..
vators are being Installed and the noors OK
the structure are being laid IN granitoid.
The Mercantile Trust Company last Week
leased 10 the Columbus Carriage and Har-
ness Company of Columbus, o., the nve-
story siow-combustlon building on the
southeast corner OF Nineteenth and Olive
streets for three years. at an annual rental
of s4,y0 per year. The company also leased
to White and Hamscher a large space OF
business room in the Steer block. on the
, southeast corner of olive street ana spring
avenue. The lease was made for the account
of +. A. Steer.
Work is being rushed on the new factory
of the Banner Buggy Company. TO be leased
by Russell Gardner from the PEPPER Cotton
: Company, and which is situated on tne
north side of Rutger street. between tne
Levee and Main street. The factory IL wv
x25o feet. and is of the most modern type.
The Nicholls-Rister company last week
! closed the lease on the building at No. hlZ
Olive street. formerly occupied by the j. L..
Isaacs company. TO the Val A. Refs Music
I annual rental OF S,VW-
Great Activit! i'm Sales of Land.
Sales in all portions of the city are active
! and dwellings and residences OF all classes
continue to find a ready market mat tne
present activity In real estate Is IN no WIS.,
a boom. however. is positively stated Dy al
/ realty men. who predict that prices VIII re-
main constant and that the Improvement
in values will be permanent; ,- Com.
An official of the Mercantile Trust CoH-
pany stated that he was approached TOE
| day the site was announced by a seecy m
/ dividlal. who seated himself close to the
| officia's desk. and announced himself as a
Spectator. temporarily retired from DUST
| ness for lack OF funds: II came out In tns
| story that he had made and lost the usual
\ fortune in Kansas real estate booms OF
! several years ago, and he now wanted 10
show the Mercantile Trust Company now 10
commence speculation by making a loan
OF $40. u. s,,a
| Mr.. Anderson. In telling the story afetr-
wards. lit illustrated very well the extrav-
! agant notions held by many persons in st
i Louis regarding real estate values. 81
! Louis property is on the advance, especial
| IMPROPERLY in the vicinity ef the Fair. IL
Is certain that persons VINO buy row VIII
| make money. hut II there Is any one VINO
fancies that the market is going to jump
skyward. only to burst and go to pieces. ne
prove a second Wichita. Kas. When We do
things. We do them for keeps. st. Louis Is
slow. sometimes. but awfuily sure"
One, at least. of the numerous hotels
which have been reported. materialized last
week. when the Rutledge & fitzpatrick
Company leased the premises adjoining the
DeMeni building. on the south side of Pine
street near Seventh. to Doctor Shaw F;
Medley of Leavenworth. Kas.. who will
build a four-story fire-proof hotel upon the
site.
The Mississippi Valley Trust Company re-
ports the sale of the southwest corner OF
Delmar and Clara avenue. with a frontage
of 200 feet on Delmar and 40 feet on Clara.
Mississippi Valley Trust Company.
The Mississippi Valley Trust Company re-
ports the sale Of the southwest corner Of
Delmar avenue and Clara avenue, having
a front of 900 feet ON Delmar by l0 feet on
S csmmd fPSm Eare TTu san Gemp to a cl Thi. of ar tae
erty * very close TO the junction Of the
Delmar and De Balivere street car lines.
where is located the auxiliary power plant
and car sheds of the 81. Louis Transit Com
pany. II is also just west of Bell place,
which is also in charge of the Mississippi
reports several sales in Chouteau place. the
largest of which is 90 feet. on the north
Whittier streets. This property has been
bought for immediate Improvement.
Rutledge a. Fitzpatrick.
Rutledge & Fitzpatrick Realty Company
sold iSv feet OF ground on the corner Of
sissoa' from thu Norris Real Eetete COM.
pany to the New Haven Investment Com
pany. The New Haven Investment Com
& Holbrook Realty Company. This prop
erty was bought about three years ago by
the seller at 5000. The purchasers expect.
%nection with the Worlds Fair.
Rutledge & Fitzpatrick also arranged Il
long lease on Olive street property, on
which a new building will be erected and
occupied by one Of the prominent firms In
the city. The rent Is said to be the high
est paid for any property on Olive street.
The lessee in the transaction is represented
by the John Mcguire Real Estate Company.
This firm also closed n twenty-year lease
on the premises adjoining the De Menil
building. on the south side of Pine street.
west of Seventh street. for Doctor Shaw +.
Medley of Lsavenworth, Kar. The lessees
are Messers- Adolph and Richard Horn.
The ground was leased at n valuation of
S2.5N per foot. A modern four-story fire.
proof hotel will be erected at once. and will
be conducted by the Messrs. Horn as a
first-class hotel. with the ground floor used
for business purposes.
This firm also leased No. HOS Washing
ton avenue TO A. Haas & Son. who have
been Occupying the premises for some
J time. at an increased rental Of 81, zoo per
annum.
Sold for Mrs. Barbara Jaoues to Doctor
HarAns. the ten-room dwelling. No. f21s
, Geek avenue. for the sum Of 81. $50. Doctor
Harkins will occupy the house as his resi-
dence In the future. Mr.. A. r. Schcllmeyer
represented :he purchaser.
Also sold for the Stanford Investment
Company fats No 4s24-S Westminster
place to Mr.. p. F. Grace for N4.SO. The
purchaser was represented by Mr.. Thomas
Grace.
Also sold for the Kennett estate to Hec-
tor A. Pfednoir. Jr.. 75x150 feet on the west
side of Fourteenth street
Also sold for Mr.. p. F. Grace the south