The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-13

More than a milton dollars WORM o.
real estate changed hands IN the course or
the las; week, thus confirming the precic-
ton made by the Real Estate Exchange
that the spring opening IN st. LOUIS would
W.tress 4 iush market, cCincldeft with the
auction sale. Another prediction realized
WAS The complete absence Of boom prices.
The largest sale OF property adjoining
the Worlds Fair ste. that has yet been
made was announced yesterday BY the Lin
coin Trust Company. a fraction over th!T-
ten acres of unimErOVCd ground ON the
south side of tho Ealr site was sold to A
syndicate for $4,000. II is reported that the
rriHCipa! party interested in the syndicate
Of purchasers is the Pabst Brewery OF NIL
wsukee, witch proposes 10 invaIe 81. LOUIS
lust az they did Chicago in 1923. Hotels and
al manner of places OF amusement are
planned.
This tract is Immediately south Of the
Wofld's Fair site. one block from the Iine
Of Forest Park, a high point and oeaut'-
fully located. II IS composed of three us
l.ugt pruperties. one being So acres. tfoat-
ing LGz5 feet N clayton avenue, 80 ieSi
On Tamm avenue ANA VS. feet on I'erthcl4
ayeru-; one Of % acres, fronting ahout 10
feet On Iamm avenue by 90 rect on 81
tnoiG avenue. The other Is a Irl:lhSuiai
piece If lana, containing Ii acres dESh.tbs
l.625 feet oE CIaytOn ay"aue ana ~ tves
On WISE avenue. The Missouri Paciiic anu
Frisco railroads run aiong me West I!ie
Of this property. and the Suburban anu
Transit companies electro Systems iuN
The property was sold for the account OF
Mrs. Mary Git,ins to Il syndic lte orSdhl"su
by DAVID +. Leahy, manager u the Lincoln
Trust COMPANY rtAl oslite department.
Some FaiiadelpEia, Milwaukee ana Uneasy
capital is interested. but toe p,o+elty WIZ
be handled By the Lincoln Trust Company.
The property WIS bought in 1850 D. Ms.
Gitt.ns tor s.. 25G. Twelve months aftSrNaris
the timber was sold for $50, ~hicn. Win
This sale of $4,000, will net the heirs d
profit of SlOV.sVG
Other deals Tor property in this location
have passed the contract stage, and II Is
believed that many large safes Will pe re-
ported during the month. The thirteen
acres adjoin the Universal Amusement
Whfn asked 10 what extent the Pabst
company was interested in the deal Mr.
Aeahy declined to either deny or aftlim Its
can9eetion with the The sa Il nav only say
that many improvements are In prospect.
and ii has been decided definitely TO erect a
lsrge; eightos,@Ty hot This on a lne sio~ lonts aims
nearly two and a half acres, SO II WI pc
seen that the hotel IS likely TO be a large
one. Upon the remaining ten or eieVsh
acres mi .oyements c sing away up In the
thousands will be made. but It is too carry
to speculate upon the plans
Twelfth street improvements.
The Mercantile Trust Company yesterday
admitted that was the principal in the sale
OF the southwest corner OF Twelfth ana
Olive streets. the title to with has been
in the courts the last several weeks. they
submitted the 5000 BID for The properly
and IL has been accepted. Only a few teen
nicali;ies have to be disposed of before the
titles are transferred.
make handsome improvements upon tnls.
the old Merchants Hotel site. but whether
they will be in the nature OF ctmnle!ciai
structures or a handsome hotel has not
been stated.
This lot fronts 1ls feet on Twelfth street
by a depth of 100 feet on Olive street to an
1l'.N- and iG rPpQrfpn lG one nf the nnSSt
corners in ST. Louis. 1t will be remem-
bered that this same property was sold at
for $3.50. The purchaser was not obi
gated to close his purchase, owing to the
fact that certain parties were omitted from
the proceedings. leaving certain interests
Repeated attempts Rave been made on the
part OF various parties at Interest, as well
as by agents. to sell the property, and the
the deal. The bid cf s2s5.50 has been ap:
proved by the Circuit Court and the legal az
an absolute title in fee have been instituted.
The negotiations on the part OF the pur-
chaser were conducted by the Mercantiie's
real estate department, assisted by Judge
Klein Of the legal department., and involved
a great deal Of work, both OF a real estate
erty sold for a larger sum than was real
lied "a the auction OF one year aSo is at
trlbuted TO the better condition Of the local
realty market.
This is tha latest CT 4 series of important
sales Of Twelfth street corners recently
made by the Mercantile Trust Company.
The report of the sale of the southwest
corner CT Twelfth and Locust to Isaac II.
L.onberger at $2SS.0G. Is confirmed. ShoIti
prior 70 that sale, the northwest corner of
ne same streets was sold for the Turner
Real Estate Company at 1855. oCo. At the
time. the sale was made of the south
east corner Of St. Charles and Twelfth for
the T. T. Turner estate at sl55. Oc0. ana the
lot nj tho tEpSt y-1 GniI fnr rho
Tobacco Company at S5),0Gs.
all of which will be improved.
TIL, entire three-fourths block fronting
twelfth. Thirteenth. Loci'gt and St. Charles.
was purchased by the Ma.ual Realty Com
a synd cate of capitalists. who, will
est commercial houses in ST. Louis.
These improvements. together with the
building at Twelfth and Washington ave
future always predicted for Twelfth
street, and gives evidence, in addition to its
the widest street In ST. Louis. that 1t
VIII become one OF the handsomest com
rnerciai streets in America.
hr. Lionbergers property at the southeast
corner of Twelfth and Locust streets, for
estate, is considered an admirable !
site for a big hotel. hut neither Mr.. Lion |
berger nor his agents will say what the .
nature of the improvements On the large
lot will be.
Leased for Hotel Site.
Ezra l.. Stedelin. through the Lincoln
Trust Company, yesterday closed a sixty F.,
lease from Nancy l.. johnson for the
properly at tine northeast cornsr ot Olive
and Jefferson avenues. upon which a mod I
ern hotel, to cost s50.C00. will probably be f.,
Plans have been drawn, but 4 ID
not yet certain when Mr.. Stedelin vii
award contracts for the building, the plans
Of which may be changed.
On Spruce street, between Broadway and |
Sixth street, n new fve-story building. u
3G,C square feet of floor space, has |
been leased by the Mercantile Trust Com
pany to Paul Brown. The construction Of |,
The building will be rushed, but 1t Is not
to what uses the big structure will
be put.
Real Estate Notes.
On Tuesday between the hours Of Il and :
Exchange VIII be held. Already
OF inc various candidates have done
some lively electioneering and the CAM
paign will wax warmer the next few DAYS.
The race between William A. Giraldin and
Charles +. Nogel for president is of most
members entitled to a vote has been ap-
preached In a good-natrred way by Ine
steering committees" The usual refre.h-
Will be served to the members on
day.
Only twelve directors are to be elected
and there are nineteen nominations: James
Blake. Martin S. Brennan, Charles c.
Crone, J. Hamilton Parish. Thomas S. Ger
lart, J. II. Gundlach, henry l.. Haydel,
a. Hildebrandt, r. F. kilgen, c. +. A.
Gerald b. OR lily. Frank S. Par
1er. Russell A. Richardson, Robert Rut-
edge, Oreon E.. Scot, Albert T. Terry,
Joseph p. WHITE, Edward Wyman and
G. Zeibig.
Rent Rates Discussed.