The St. Louis Republic., 1903-10-18
STOCK DEPRESSION
BENEFITS REALTY,
Transfers in Last Few DAYS Indi-
cate S4.0O0.0O0 Business
for October.
DOWNTOWN PROPERTY SOLD.
Louis Werner Purchases Lot in
NeStmOTeland Place and VIII
Build Handsome Resi-
dence-AgentS' Notes.


To make up ror tho 5ui.roS~ NJ the ..srIy
part Of tho month. the realty market the
last few DAYS has bon remarkably brisk
AMI tho Indications row are that The
transfers for October will exceed S4ulJ,-a.
According Co statistic complied yesterday
hy the Real Estate Exchange the realty
transfers uu 10 and includin. the l6th
amounted "a Sls3a-g5N. and most Of them
were recorded after the FIRST ten days Of
the month
Lorenzo L. Anderson. vice president OF
the Mercantile Trust Company. says that
in all probability the realty market will be
benefited by a reaction from the dsrrss-
sion OF the stock marke-. This reaction
already is beginning 10 be fclt.
Investors are coming to realize that the
increased population OF St Louis. the de
velopInent of all the citys Industries and
the natural expansion OF business aside
from the Worlds Fair advantages for
launching various ventures. are bound 10
enhance values. And the fact remains
that the prices Of real estate are now as
cheap as they could or ever will be in
St Louis.
IMPORTANT SALES.
The Mercantile Trust Company sold a
substantial corner in the old downtown
distIct, the southwest corner OF Sixth
and Carr streets, consisting Of six two
story-and-attic brick houses, with saloon
On corner and tenements adjoining. occu-
pying lot fronting % feet on sixth street
hr-
street. The improvements though old
are substantial and in good condition.
The property vas sold FOR the account
or John ID. Davis and Gist Blair FOR s.. go
SaSh, the purchaser being Frederick G.
Haueisen. Third street commission mer-
cnanI Tho property Is We'll rented and
gives Mr.. Haueisen substantial invest
This corner in days gone bv WIS the
center OF greater activity than At present
exists In the lJCality. hut many are Of
lhe opinion that the advent OF the rail-
rOaus IN the territory east OF Broadway
ana the numerous other substantial i'm
provementS under way or planned Tor
that district Will cause an appreciation in
and Cass avenues.
The Mercantile Trust Company also re-
ported having sold an artistic twc-story
apartment house on EeusfnEton avenue
consisting Of eight and nine room apsrt-
mehts' occupying lot 59X17O feet premises
he.nS numbered 5l25-26A and 5l2S--SA Ken
..'LsSOn avenue hsllt block west Of
Acaoeuny avenue. for the account OF
Frederick G. Bowers for Sl45G1. the pur-
chaser being Charles D. Bo!in manager
OF the Inion Central Life Insurance Com
baily OF Cincinnati. The property is un-
der lease 10 first-class tenants at sub
stantial rentals and makes an enineutly
satisfactory investment.
At the auction sale OF vyssfmoreland
place property conducted by tie Ne-cau-
lie Trust Company YESTERDAY Louis
". " ..L eInsr, ti,, PRESIDENT OF the Louis Werner
Ssw Aiil company, purchased the beauti-
IuI Iot At the southwest corner of West
moreland place and Lake avenue. 'front.'
ing 100 feet on Westmoreland by 80 feet
II was not stated at the sale for what
purpose AIR. Werner bought the lot
whether for investment or 0t herwisa hut
II was understood that he contemplatgs
erecting handsome residence on This
corner. which Is one OF the most desirable
building sites In Westmoreland place.
.-'- Southampton. --- --.-
At no time since the ouenfnr Of South-
a:npton last fall has the interest in This
proposition been SO manifest or tho sllo,s
1een 50 brisk as they have been during
. The Mercantile Trust Company. agents
LOT thlS property. report a very success
! VI week and one that was all that could
be desired IN every particular Many sales
nave been closed and a greater number
are now pending which will within the
course OF the coming week. be closed.
a
part OF large number OF oUt-of-tORn
persons TO invest this fall IN St Louis
real estate, and this beautiful tract with
Us thorough and up-tO-dste improve
inents, complete as II IS In every detail. at
tract them.
The purchasers within the last week
have come from various parts OF the
surrounding States. while an equal num-
Der Of local investors are demonstrating
their belief in the fairness Of the NTercan-
llle trust Company and their confidence
ln the property In the most substantial of
All manners, that OF a purchase.
A large force Of workmen is now on
the grounds. grading parkWayS. cleaning
the EranitOid sidewalks, curb and gutter
and making preparations for seeding,
soddiuE and the planting Of trees The
last dressing OF Telford is being rolled I
N IN the principal streets, and the sub |
llNtslon generally Is assuming an appear
ince which mote than fayorably com
,dres with anything at twice its price in I
St Louis too ay.
An enthusiastic meeting Of the South /
amptOn Improvement Association "a body I
composed entirely OF purch = rs i'm this
suodivisionl. was he'd on Monday last.
Nnen a committee was appointed 10 wait d
upon the proper city officials, to have /
placed In the subdivision gas lamps ana 4
lre plugs. Another committee. % make I
TO have the Shrubhery put /
~ between the sidewalks and building line .
ana several other Of the minor details /
that 20 to make up thoroughly complete |
property. aTe being carefully looked into I
Men are constantly employed watering I
-EeeS- SpTlnkiing streets. ReepiuE The. j
grass cut on the park ways and along the |
sidewalks. the trees pTuued at the proper |
season. keeping the streets clean. plant |
ng Shrubbery and generally taking care I
Jf the whole subdivision This will. no F.
doubt. add not only to the beauty OF the F.
property, but VIII maintain permanently I
and add materially 10 the value Of South I
lmptou lots.
= list OF the sales made during the last |
week follows.
Fred L Baily. 20 feet on Nottingham I
Harry l. Strife. 30 feet on Lansdowne |
Gustavs P. Huedner. so feet on Noting
Joseph /. HE'S. 50 feet on Nottingham
H. H, Bitters. 80 feet on Nottingham
George CTaddock, 30 feet on Nottingham
avenue S95f
Eta Craig. 30 feet on Nottingham ave
lue &t5e.
James McCaughey. 20 feet on Noting
lam avenue. So
lam avenue. $3.50.
c. Q, Just, 10 feet on Nottingham ave
lue. Sl.1OD.
a. c. Lindenmuth. 80 feet on Nottingham
c. o. Just. in addition to previous pur-
.hase. 30 feet on Nottingham avenue.
James p. Haupt. % feet on Nottingham
lyenue, $50.
AGENTS REPORTS.
NercantIIe Trust Company
The Mercantile Trust Compauy renorts