The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-12-14
EASTERN CAPITALISTS
BUY FACTORY SITES.
Dry Docks Property Containing
Ten Acres Is Sold to a Manu-
featuring Concern.
INQUIRIES ARE NUMEROUS.
Henry Viewers New Buckingham
Hotel Company Prepares Ar
ticles of Incorporation
Real Estate Notes.

An Eastern syndicate of manufacturers
has purchased. through the Hclbrook-
Blackwelder Real Estate Trust Company
from Mary s. Mersman. the old dry dock
property in carendelct for $500.
The tract embraces about ten acres and is
situated along the river front. between Cat
alan and Hurck streets, aud in addition to
the facilities it affords for shipm.n: OF
products by water, it is bordered by rail-
ways.
Holbrook- BIackweIder are Withholding the
names Of their clients for the present, but
it is understood that the purchasers are
planning an enurmous factory to occupy
most of tho ten acres, and that the enter
prise will be worth millions of dollars to
St. Louis.
This is considered to have been the most
important realty deal closed last week.
An extension of a large enterprise for -he
manufacture of shoe lasts was announced
yesterday by the Lincoln Trust Company,
which sold n tive-Story building at Ttir-
tecnth and Palm streets to Eastern capital
lists
The local factory IS to be operated by he
st. Louis Last Company. of which +. o.
krentler of Detroit. Mich. ia president.
The building purchased was formerly occu-
pied by the st. Louis Screw Company.
About 100000 will be expended i'll improv-
ing the building and installing machinery.
and the company expects to begin opera
fNhN <Af'b- - wa hhifD sN'NiNN
hundred workmen.
COMMERCIAL EXTENSIONS.
While the market appears comparatively
quiet. and it Is natural that it should be
SO on the eve of the holiday season." said
G. H. Mcmillan, secretary OF the Mercantile
Trust Company, THE fact is that the IN
dercurrent of negotiations continues very
strong. Many large deals are pending"
Mr.. Mcmillan called attention to the we'll
known fact that many inquiries are being
made for large property holdings for man
nfacturing and commercial purposes. 1t
may also be stated that the railroads con-
tirue to lay plans for property extensions.
On or about The first of the new year
dividends amounting to many thousands of
and these parties are holding off until that
time to close deals Meantime they appear
TO be fully convinced Of the great oppor-
tunity the real estate market now offers
for safe and profitable investments.
Samuel Bowman prediction that the
wholesale district along Washington ave
nue. will soon extend in an unbroken line
of big commercial structures as far west
as Eighteenth street is generally accepted
aggerated. Several transactions are ru-
mored and important announcements are
expected early in January.
OTHER FACTORY PLANS.
The tendency of manufacturers to follow
railroad extensions north OF Washington
avenue and east of Third street for a dis
lance of at least fifteen blocks is shown in
the large number of options that have been
taken in that vicinity.
Many OF the options, upon property aSSEe-
eating several million dollars in value. arc
known to be held by railway interests. 1t
is also apparent that manufacturers, like
the NerSteeg Shoe Company. which recent
" purchased additional property in the
neighborhood of Third and Biddle streets
through the Nicholls-Ritter Realty and
Financial Company, are in the market In
A sale announced yesterday by Kelley &
Co. assures the erection of a big factory at
No. 1854 and I436 Collins street. lot 40xISo
feet, running through to North Second
street. William Nicoll purchased the prop
erty and will soon announce plans for i
Evidence of the increase in realty values
In that neighborhood is shown by the price,
81, Ic0. paid by Mr.. Nicoll for this particular
lot. Mr.. keeiey purchased 1t twenty years
ago for $500. Most Of the time IT has been
secured at a price but slightly in advance OF
the original purchase con5ideration. with or.
binary interest added. Mr.. Kelley he'd on
to 1t, however. and ne has realized a hand
some profit 4
The IN s sensnsd t for If faG eH,,S sites sites f is by mo no
quiries are numerous for locations at any
point touched by the railways. and particu-
larry for certain lines of industry sites are
wanted convenient to the commercial dis
trict. The idea Is to facilitate the delivery
Of good by wagon to the local trade:
by the plans of the Loose-W!lson Cracker
and Candy Company of Kansas City. which
erty in the Cupples district. A factory rep
resenting an investment of $4,000 will be
installed.
The hotel to be erected by the SaNonia
Realty Company at West Pine boulevard
and Kings highway. at a cost approximate
ing 100. 600. and upon which Henry Weaver
Of the Planters Hotel has secured a lease,
will be known as the New Buckingham.
Mr.. Weaver has gone TO New York for
the purpose of selecting some of the fur
niture and fixtures.
The management of the new hotel has had
articles of Incorporation drawn for what is
to be known as the New Buckingham Ho-
tel Company, capitalized at 100000. The
shares are divided as follows: Henry Weav- !
er. 1Ss5; r E. Weaver. 10: Jay Weaver 5 |
shares. |
The petition for a charter recites that the |
100000 capital is fully paid up, and that
q; lease for the projected hotel has been
closed with representatives OF the SaXonia /!
Realty Company. William MiltenbCrger. w. |
A. Lange and James 4. Duffy. |
Meantime, the Saxonia Company. which Is
to erect the building, has advertised i'm in
crease of its capital sock to 100000. and
Is said to be assured of that amount OF