The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-11-16
Manufacturers Are Following the
Terminal Extensions in Ground
Top" Market Neighborhood.
BRISK BUSINESS IS ASSURED.
Lot Is Sold to st. Mathews Parish
for a New Church at Clara
and Cote Brilliante
Avenues.

| hat railroads are the most active clients
In the realty market was demonstrated last
week by additional purchases in the reign
borhood Of Third street between Washing
ton avenue and La Beaume street Sales
to manufacturers were made In conss-
quence.
The verstses Shoe Company is the nrss
enterprise that has prepared to locate q
plant adjacent to the proposed Terminal
extensions in the neighborhood of the old
Round Top market at Third and Biddls
streetsI
The largest railway deal of the week.
however, was confirmed yesterday. The
Frisco has leased the Emile building at
the southwest corner Of Ninth and Olive
streets and will raise 1t to q twelve-story
building Of modern type at q cost of 10000.
The details will be found in another col
umn.
This big transaction was closed by the
Mercantile Trust Company, with Isaac T.
Cook, and adds to the millions of dollars
involved in deals which the Mercantile has
carried through within the last few months,
each one Of which, beginning with the en-
trance OF the Rock Island road, has been Of
great consequence in the development Of
the New ST. Louis.
MANY SALES KEPT SECRET.
The extent Of the away purchases from
LeBesums street south. extending east from
the river to Broadway down to Biddle, and
to Third street south Of that point, is in
e sst u fnsxr The now sales are tsa aeP pro %nder cover Ss.
ing acquired steadily. and that SEQ and $500
Q frGyt foot Is being paid for ground which
9 few months ago was offered At half the
A director Of the Real Estate Exchange.
and one OF the best-posted men in the mar
ton to predict that within the next year
the railroads will spend more than $4,000
ooo for st Louis property.
sis that every cent is Ent back in local i'm
Rock Island bought a lot Of land from the
that concern Immediately went to the west.
ern part Of the city and purchased q site
for a new plant. Development has followed
every other conversion of old property to
railway uses. 1t means more for St Louis
than anybody can estimate"
FACTORY SITES IN DEMAND.
In the neighborhood that has been unin-
viting to investors for several years thu In
vasion Of the rmin has caused q
factory sites. This Is emphasiEed along
Third street, particularly in the vicinity OF
the old 'Round Top" market at Biddle
made by the Nicho,is-Ritter Realty and n.
nancial Company, Will BE- followed by
Nicholls-Ritter are Interested In all kinds
Of progressive developments Of this kind,
and the tact that one Of their selesmen. W.
p. AcCfsfy, week before last eiosed deals
0llObuLAnk " S4oo,oSVb noS . oubJCSt " COLi-
ment on the street This record was made
In six transactions.
Hoibrook-Biackwelder are figuring large.
" In the railway developments and In other
important negotiations which eventually, It
Is believed, will make the realty market
this fan the best St Louis has ever
Factory sites occupy much attention, and
the demand in North st. Louis continues
strong. On Madison street, between First
and Second. the Mercantile Trust COMPANY
sold a lot, 3o0x200 feet, to John 8. King for
$S0o00. It ts understood that q large enter.
prise Will locate on this property within
the next few months. and viii spend sew
eral hundred thousand dollars in improve
ments.
LEAsE ON NORTH BROADWAY.
Isaac 7. Cook closed q lease for a lot.
l5ox2so feet, at North Broadway and Nom
roe streets, to the Kay-Pfm Company, !
manufacturer Of elevator machinery. for
q term Of years at 1900 q year. Improve |
00Q. -
Tho Lincoln Trust Company Yesterday. In
connection with the Mercantile Trust. sold
the southwest corner OF Clara and Cote Brill
ltante avenues to st. Matthews Parish. A
new Catholic church, to cost about Sci. 000.
VIII be erected. The deeds were made to
the Reverend Father Wynne, pastor, and It
y understood that construction win begin
h . short time.