The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-09-21

14tA lAS COMPANY WIN III EG
turned from the East. says that the in
quiry among New York capitalists and tn,
financiers of other cities for investments il
ST. Louis is phenomenal. 1t presages a re
markedly active market this fall.
The exceptionally large volume of bust
ness last week. transfers amounting to NOR,
than $l.OOo.cO0 indicated that the season ha.
begun at a rate that will surpass all records
The wonderful growth of the city Is re.
sponsible.
Not only is the supply of houses for rem
far below the demand, agents agree. but the
realty market has reached a point where
not enough store and factory buildings arc
available, a fact which is commented upon
by the Mercantile Trust Company and other
! dealers.
There was not enough construction within
the last several months. although more
buildings were erected than In any previous
an immense amount OF building, until late
in the winter.
C. r. II. Davis. president of the Royal In
vestment Company, SAYS that in his sixteen
years experience as a dealer in St Louis
realty he has never seen the demand for
residence property half so great as it is now.
The fact is, too. that property owners are
not losing their Judgment and raising prices
to an unreasonable plane.
BIG HOTEL PLANS.
Property was purchased yesterday and
plans are drawn for a Worlds Fair hotel
10 contain 5000 rooms. II will be located
on Oakland avenue, facing Forest Park, and
Will extend back to Clayton road.
The deal was made by James Z. Fogg and
Richard A. Boyle, and the promoters of the
hotel company are Edward Wilkerson,
Judge Noah NJ. Givan. c. f. Hatfield. W.. r
Edison o1S George D. genson and MessEs;
under the name of the United Improvement
Company. which has ample capital for a
enterprise. The hotel is expected
to. accommodate fully 1900 guests,
The property, which was sold by the
August Land Company for $500. has a
tancs east of Skinker road and is bounded
on the south by Oakland avenue and upon
the north by Clayton road.
The structure will be low, but very or
namental, with courts and gardens. domes
and turrets- The walls will be of brick.
with ornamentation of staff. Every effort
ance.
The company's plans include an arrange
ment by which fraternal organizations and
their members may arrange for
dations In advance. As the grounds are
purchased and no stock will be placed upon
the market. it is stated that the plans will
be perfected and work commenced at an
early date. The location Is considered per-
feet.
EDDY & EDDY BUILDING.
A fye,story building TO cost about 500
southwest corner of Main and Market
streets. TO be completed by April 1. 1893.
Tn building will be used as a factory
sundry supplies. and will be one of the
largest plants of the kind in America.
For the last several years there has been
little Improvement in the neighborhood of
Main and Market. or anywhere east of
Fourth street. The announcement of Eddy
tate men to believe that an era of develop
ment in that section OF the city has begun
The plans for the new building were drawn
ate architects. Contracts for construction
will be let in a few days.
SUBURBAN DEVELOPMENT.
: Articles of Incorporation have been grant,
ed by the Secretary of State to the Webster
pose of succeeding the Webster Real Estate
Company in the ownership of all the unsold
5000. and is held chiefly by men who have
homes in Webster Park, among whom are
C. NJ. Skinner. J. s. Kendrick. A. R. Dea-
Jarvis. ]. H. Trembley. E. s. kowse and c.
Webster Park was laid out ten years ago
national prominence, and now contains
twenty-five or thirty homes and a half dog
new ones are building; The homes are
made n prominent feature. The new COM
pany proposes to devote more money and
skill to landscape gardening effects, and TO
make the park one of the attractions of
st. Louis
BUILDING BONDS SOLD.
The entire issue of 5000 Pontiac Build
ing Company's bonds has been taken by the
American Central Trust Company and the
McNair. Harris & Jones Realty Company.
These bonds are secured as a first mort
Seventh and Market streets. which Is to be
occupied by the Missouri Pacific Railway
Company as its general offices under a
lease for twenty years.
This is the first time in the history of st.
Loui that an office building has been leased
in its entirety before completion The
hOndc haar : nor Nanf nrinCfnpl ond fpteraEt
payable in gold. and are considered gilt
TSs p amsrSsaH G gTaranf T11as G snem; and
the McNair Harris & Jones Realty Com
are placing the bonds with their
McNair. Harris & Jones are now In their |
new quarters in the Columbia building. |
Eighth and Locust streets. New tile floors
making the Offices exceedingly hondsome.
GREAT SOUTHAMPTON SALE.
The interest of perhaps every realty dealer
and prospective home purchaser in the city
residence property at Southampton, which
Is to open under the auspices of the Mer- |
camille Trust Company next Saturday.
Southampton Is situated on the west side |
of Kings Highway boulevard, a short dis |
lance south of Tower Grove Park and |
Garden. entirely within the city lin |
its. 1t Is believed to be destined to become \
the central residence district of Southwest /
81. Louis, The Improvement Of Kings High
ds DOuACNdAO hoM ulAutI WAY tAlGIQS III 4
rectly past the property.
The property lies high. in fact is one of
the highest points in the city. Every lot in /
the subdivision has been brought to a prop |
er grade. Just enough of a slope being given
In each direction from the center of the
to insure a perfect drainage.
The street Improvement work Is now in
progress and when completed will present
as handsome an addition as was ever Of
Tered for sale in this or any other city.
Tit Transit Company Kings highway 4
iouble-track line runs directly through the
center of the subdivision on Devonshire
avenue, its terminal being at the western
End OF the addition. and is just forty min
ntes ride. with a scent fare. to the center
Of st. Louis. ]
At the present time transfer is made on
AZ Tower Grove Station tosthe Vandeventer
or Market street lines.
Every lot in the subdivision Is to be sold
a written guarantee that the streets
ire or will be fully improved and the price
At which the property Is sold includes the
improvements made and paid for:
relford roadway. granitoid walks. gran
told combination curb and gutter, water
eys and trees In the
The work viii be completed on Devon
shire avenue. the central street of the sub
f~ivision. this fall. and as early as practical
bic in the spring viii be continued through
1ut the remaining streets OF the addition.
INSURANCE FEATURE.
Tn special insurance feature offered Is
of great interest to home seekers and in
proposition. In the event of the death of the
purchaser of a lot in Southampton, at any
lime after the first payment has been made
and prior to the date of the completion of
of the property agree to cancel absolutely ,
my unpaid balance Of the purchase price
,n the lot or lots purchased, absolutely re-
ieving the heirs or estate of the purchaser
rom anV further navmeUr IF said nronarry 1