The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-29

A great volume of realty sales for invest
ment purposes last week convinced agents
that persons Of means are beginning to APP
preciate more than ever the attractiveness
of st. Louis real estate as safe and ex-
tremely profitable form OF security.
And in most cases it has been demon
stratec that improvements of old properties
would increase their earning capacity.
An important sale was made yesterday
by the Mercantile Trust Company, ind!cat-
ing that manufacturers will soon absorb a
great part Of Fourth street. particularly
where the Terminal extension will soon
come within touch OF that thoroughfare
(which was formerly devoted exclusively to
mercantile houses.
# The lot sold was the southeast corner Of
Fourth and Valentine streets. opposite the
big plant of the Continental Tobacco Com
pany. 1t has a frontage OF 80 by depth
of 16o feet, and is covered by an old-time
ytwo-story building.
III The purchaser. Theophilus Councilman.
.president of the Crunden- Martin Wooden
WARE Company, will make extensive inn
Aprovements, the nature of which has not
set been decided Howard Gambrill & Co.
1were interested in the sale. The price paid
kwas $27.500. Mr.. Councilman has purchased
Ebther property in the same neghborhood
nxithin the last few months.
D.
and is much sought by investors who be-
lieve that in few years Olive, as far out
as Jefferson avenue will be the great retail
street of st. Louis.
made by the Holbrook- Blackwelder Real
Estate Trust Company, which disposed Of
sl4 Olive street for $4,000. The property
adjoins the site of the new Frisco building
and will be improved when present leases
HOTELS AND APARTMENTS
Mrs. Elizabeth Dwyer. through the Mer-
chased the 'i Loretto Academy ' building pat at
JEFFERSON avenue. for $4,000. and viii con-
The Loretto Academy will continue to use
the building until the close of the present
school term. when remodelinE will begin
and by autumn II is proposed to have stores
installed in the lower part of the four
story structure. which occupies lot 136x
! is thought will be in demand. especially
corner Of Jefferson and olive is built
Eastern parties purchased a lot 225x155
!. feet on the south side of Olive street be-
tween Pendleton and Newstead avenues.
wh S Is saed sale Sas
Through Nichols Ritter Realty and Invest
1ment Company and Papin & Tontrup for
$T.5oo. Plans will be announced in a few
= Rutledge Fitzpatrick sold lot fronting
: 2s5 feet on Cook Immediately west of Mar
> Gus avenue. to parties who will begin at
once the erection Of four handsome fat
houses.
- Inquiries for desirable property on the
part Of new Corners to 81: Louis have
Ffheen numerous. The Mercantile Trust Com
pany reports having opened negotiations
with several prospective purchasers among
nonresidents.
- This company sold yesterday the hand
some place, No. 422S West Pine boulevard, a
nomodern two-story colonial residence, con-
n tanning fourteen rooms and all convenience,
occupying lot 5ox2l3, to Mrs Jane G. VIII
ma view to removal to St. Louis and occupy
ling the house as her future home. The
' property was sold for sls5oo for the account
= which Thomas +. Hayden is pres dent Mrs.
Wilson will take possession on May L
= of new Corners to buy properly, the Mercan-
tile Trust Company states that Mrs. Wilson
Is had only been in St. Louis two days when
nv SALES IN EAST END.
Terminal purchases in the East End con.
atiEue upon large scale, the Mississippi
bauired about 10000 worth Of properly along
Z Main and Commercial streets for the Ter
animal last week. These sales are having
an appreciable effect upon adjacent prop
inerty.
/, The Mercantile Trust Company disposed
Of the modern fiye-story brick building No Nos s.
feet for 81, 500 cash, for the account of
lehman Bros. cotton factors of New York.
Walter Branch of the National Candy
n Company under long lease, the purchaser
NJ being a client who bought for Investment.
The property is one block west Of the i'm
ismense purchases recently made by the Ter
niral Association and will be favorably af-
infected by the advent of the railroads.
b, LOCUST STREET IMPROVEMENTS.
zsa The Locust Street Improvement Assoc!a-
X ton has been doing aggressive work in the
.idnterest Of that rapidly developing thor
soughfare. Headquarters are at the office
aof the Mercantile Trust Company, and L.
2 e. Anderson, chairman Of the board. stated
xhof fbo i'm on tg
sARing support from real estate owners and
iDthers who are interested in seeing Locust
iBtreet reach the prominence to which its
location is thought entities Il.
The purpose Of the association II to gen.