The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-23
MODERATE PRICED
LOTS IN DEMAND.
Great Activity Shown in Market
for Business and Resi-
dence Property.
JUNE Is MAKING A RECORD.
Absence of Large Deals Alone
Tends to Make Trading Seem
Quiet-Growing Demand for
Suburban Real Estate.
JUNE IS MAKING A RECORD.

Moderate priced business and residence
property had an inning last week. deals In
property of this sort predominating in the
records of the real estate market. No deal
OF striking size was concluded. although
several transactions OF Importance were
rumored. the most interesting sales of the
week being I'm residence and speculative
tracts.
| The week in general was considered "A
| quiet one by contrast with the few weeks
Just previous. but It il only by such a COM
parison that 1t seemed quiet Sales and
rentals were active In the classes Of prop
! erty named and it was only the absence Of
heavy transactions which made 1t seem
tranquil. The aggregate Of the weeks
transactions. in any previous year. would
have been deemed extraordinary
The total number of real estate transfers
for the month Of June TO date 10 SIS. with
an aggregate value OF 2.2k3, So. Deeds Of
trust to the number OF 379 were recorded
with u total value OF S.0s7. SIS.
once Buildings for Hotels.
The transfers of real estate bid fair to set
a new record for June. especially II several
Of the deals reported pending go through.
These rumors include a revival OF the re-
port printed exclusively in The Republic
three months ago, 10 the enect that Inc To-
cal hotel interests are endeavoring to secure
one of the downtown Office buildings for
Use as a hotel for the Worlds Fair year
The Granite building. at Fourth and Mar
ket streets. Is the last to be mentioned IN
this connection.
Early in the spring it was rumored that
longing eye BY the proprietors of a local
hotel. the adaptability of the structure for
this purpose having appealed strongly 10
them. The Fullerton building vas also
mentioned in this connection. though not
The numerous offices in a modern office
building, the rapid elevator service. the
uniform light and ventilation and the album
ance of toilet rooms and other convenience
throughout the structures. would MAKE
their transformation into a hotel 4 thing
II is also said that the ST. Nicholas Ho-
for the WORLDS Fair year. and that an ad-
dition soon will be built to the present
structure. Nothing definite has yet mate
mored for Twelfth and Olive streets. but
the project Is still regarded as a likely one
and q hotel for that site Ii regarded as a
certainty.
That the Worlds Fair has been OF the
greatest service to this city In bringing It's
real estate transactions not only oefore tne
residents here but before the outside world
as we'll is proved by the numerous commu-
nications received steadily by the various
trust companies and larger real estate nrms'
asking for prices on desirable land.
Value Of Worlds Fair Already shown.
For years st. Louis real estate has been
lower In price than in any other city OF It's
population IN the Soun,ry: ana az on,n,en hat
even the normal stage OF prices nae NOT YET
been reached. Prices now paid for property
those the same property would have brought
a few months ago, are regarded oy many
judges as certain to increase still further;
The interest taken In the various auction
sales held recently Is an indication of this.
Heretofore auctions have not brought near
" as good prices rs was the case In recent
meyer Heights. especially. by the Mercan-
tile Trust Company. brought excellent
br'ces: and the propetyy u, 'n Ss,r rs t ,n sn
very soon.
Judge Sutton. the auctioneer Of the Mer-
i~sfaction lsst week over the results Of the
Lchmeyer Heights sale. and Of the auction
itself In particular.
Old-Time .Hoodoo" Removed.
There seemed to have been a hoodoo on
the property at one time" said he. and
never could see why. The tract Is not far
out. II Is beautifully located. healthful. and
1t would seem that It's many charms would
make IL u regular snap for auction. But II
genuity and spent his good money expert
menting with ways and means for Turing
the public out to special auction sales and a |
hundred and one other kinds Of sales. But
II was no go.
''On the day Of the auction probably a
handful Of persons. some neighhors' chill
dren and a stray dog would constitute the |
crowd that had gathered to bid on the lots;
walk around the block TO dodge mention
of it.
Saturday. Instead Of the sale being dead
II yielded the Mercantile Trust Company =.
one Of the most successful auctions at !
larger and better crowd than the average
successful auction sale and every person
there seemed to have a desire for buving. !
ssThA all .-~-- - hon Nhaf Aa II p
Fair Is boosting things along and that peo- I,
pie are looking out for good suburban prop
erty. All the lots were sold and only two |
had to be gone hack to In order to get a |
good price"
Residence Property In Demand.
Activity IL also most apparent In resi-
dence property. and several deals were
boulevard and other West End thorough ,
fares. One Of the largest OF these sales
was handled by Howard Gambril 4 Co. I
who disposed OF $40 feet on the south side
of Deimar. commencing at q point 30 feet
west of De Baliviere avenue. for $D.53333 7
The tract was in two . sir Typ ;. one ,b being SSs
OF all the property being 40 feet. The tract
was owned by the Fair Site Realty Com
Capitalists. The property was purchased as
an Investment. !
An additional purchase was made by the
st. Luke's Hospital Board of Trustees Fri
day.. when Sl5.0 was expended for property
adjoining the new hospital site on the north
side Of Delmar boulevard. west or Belt ave,
f~rontare of SIS feet on Delmar boulevard,
extending through TO Won versen avenue.
Plans for the new building provide for a
placed back some distance from
the street SO the noise Of the streets. II
Delmar boulevard should be built up thick
ly in the immediate neighborhood. In the
course of time, will be reduced to a mini
mum. !
Erect Of supreme Court Ruling.
A decision OF great interest to- real estate
men WIS that handed down by the Su-
preme Court last week, declaring the third
constitutional amendment. adopted at the
cision was generally regarded as Of great
benefit to the real estate business.
Several prominent real estate dealers ex-
~ ~ I~e4siaa a uaahllahed In Ihe RH-