The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-10

heavy and a corresponding increase IN
building has followed.
The outlook is SO promising that the esti-
as to what proportion the building OF the
present year will compare to that OF 1900
are remarkable for their magnitude. The
heaviest percentage Of increase reported in
the United States for 1900 was that of
Seattle. where the increase In the amount
of capital invested in new structures dur
ing the year was 19 per cent greater than
that of 1899. In the larger cities this per-
centage was much less. both New York and
Chicago even showing a heavy decrease.
New York's decrease amounted to 81 per
cent and Chicago 9 per cent
The estimates Of several leading real es-
tate men as to the percentage Of increase
are far ahead even Of seattle's figures.
One predicted that the increase would
amount to 200 per cent, while no estimate
predicted that this year would not sec the
h%igh-water mark in building. but that this
would be reserved for next year, and for
exclusive Of the Worlds Fair buildings
proper.
MANY SALES
DEPENDED ON FAIR.
The increase in value OF the sales Of rear
estate which will be made will undoubted-
ly De heavy. Sales have been constantly
reported. which have depended entirely up
upon the passage Of the Worlds Fair bill
and upon matters connected with the Fair
generally. The amount OF capital involved
In these transactions alone is OF great mag
nitude. but it will be far eclipsed by deal
ings yet to follow.
4 few transactions may be mentioned az
largely on the passage Of the worlds Fair
bill. An important deal was closed last
week between Henry A. Siegriest, presi-
dent Of the sisgriest Lu Pss1fS and GGT Finny.
cial Company. whereby Mr.. Siegriest, pur.
chased the northeast corner of Second and
o p1ht the s'r east side !" Of Second street and =
depth of 1873 feet on tho north line OF Vine
street. The property has a frontage on the
west line Of the alley Of Is feeti ,,., ~.
deal was closed in view Of the passage OF
the Worlds Fair bill and the sale Is the
part" OF the city since that event: A FOUR
story brick structure to cover the entire
lot will be erected at once. to be used as
manufacturing plant for tho lubricatof
An important sale which concerns the
manufacturing Industries Of the city was
PAM q Z. 'n Walters. the property involved
being at the junction of Sarah street n
the Wabash tracks. having a 2o,foot front,
feet to the wabash tracks. The property
sold for $40. 900. and 1t IS expected that tho
owner will Immediately erect a factory On
feet front of property was made to the ST.
Louis Shovel Company. where an ADDITION
to their plant Will be made. Ine1r factory
is in the Immediate neighborhood. Both
sales were largely dependent upon the
Worlds Fair.
STRUCTURES
REMODELED.
Besides the numerous new business
now in course Of erection In
various portions of the city. many, OF which
were mentioned in last Wednesdays Re-
public. several additions are being made to
Turner Real Estate Company are adding a
four-story building to their old structure,
formerly the Comstock store at the north
The addition and the old building are to be
combined. and the result will be q building
with as much floor space as any In tho
Immediately in tho rear of the American
building at Broadway and Locust
a new yellow brick structure, with q 'front.'
erected. The building will be used for
The Mercantile Trust Company also re-
a lease during the past few weeks
teenth and Austin streets. Austin street Is
1ust south of the railroad tracks. Here a
lot 1OOx155 feet has been leased to the J. T.
will be erected before the close Of
the year. 1t win be q three-stoy affair
a floor space Of 5000 square feet.
and franklin avenue is now prscti-
cally completed. and was erected with a
view to preparation for the Fair. The
building occupies a lot 55x1a0 feet. and will
be ready for occupancy in May.
GREAT DEMAND
FOR RESIDENCE PROPERTIES.
The residence districts of the city ave
received even more attention from pur-
One Of the most important deals closed
lately In West End property was that con-