The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-15

! Deere & Co, one of the largest
| manufacturers of bugSies and iarm impie-
ments in The world. and which has branches
4 in half dozen cities. VIII erect a plant IN
st. Louis to cost more than pillicn dol
lars and give employment to several thou
| sand men.
Through the Mercantile Trust Company
| which has been instrumental in bringing
| this big enterprise to the city, Deere & 90.
| have purchased a block Of ground in North
| st. Louis. 1t is bounded by Broadway.
| Clinton, Second and Monroe streets.
1t is stated that the plant will be one OF
| the largest of its kind in America, and the
headquarters of the company for Western
business probably will be brought here for
the reason that st. Louis is recognized as
the center of greatest commercial activity
at the present time
Our coming here has nothing to do with
the Worlds Fair said representative
| OF the Deere Company. We know that the
great development Of the Southwest. and.
in fact, all of St. Louis business territory
warrants, great extensions OF. trade facili-
ties at this, the base of supplies"
The Mercantile Trust Company has been
negotiating with Deere & Co. Tor several
weeks. but the deal was not closed until
yesterday. The price paid for the land was
about $4,000. The site was formerly occu-
pied by the Brownell Car Company. and has
excellent railroad connections.
Contracts for construction OF an immense
factory TO cover almost the entire block
soon will be let by Deere & Co, and when
fniSheu arOtner important INDUSTRY Will
have been added TO the long list of new
enterprises representing investments of mil
liens of dollars which nave come TO the city
within the last few months.
EASTERN COMPANY COMING.
Another enterprise of considerable mag
nitude secured for st. Louis by the Mer-
camille Trust Company will he located at
the northwest corner of Broadway and
Montgomery street. Jacob Stoke sold the
lot for $1,000 cash.
The lot fronts eighty feet on Broadway
hN- ant nf nNrx ~
tending back to the Wabash tracks. and has
excellent shipping facilities, The lot is
covered with two-story buildings. which
yield very fair income on the investment
The purchaser, however. large Eastern
corporation. buys for the purpose of erect
ing warehouse and office on the lot for its
own occupancy. The purchasers are not
ready at this time to announce definite
plans. but 1t IL a very large New York cor
poration. with an immense capital and feels
the necessity of opening extensive
branch. owing to the general increase in
business in St. Louis and the territory trib-
utary thereto.
prices Of West End property was afforded
by sale made by Fisher & Company. in
volving be southwest corner Of Newstead
transferred by w. r. Hogan TO A. ]. Mes
bit for $50, 500. The income from the prop
erty is S72 month. or about 10 per cent
interest. The property consists of stores
Observation-Disclosures Real Estate Trust
Company; which has made many large sales
along Olive street lately, closed another
sale yesterday of a character to give a line
on the development Of the realty market
downtown, and particularly in the heart of
the most active section-the Olive and
Twelfth street neighborhood.
William X. BiXby purchased the flve-story
building at Nos. I'LL and lib Olive street.
lot 46xl06 feet. at price which established
the ground value at So. LIS front foot.
Similar purchases are resulting from the
Terminal Railroad Associations purchases
along the Ieyee and investors moving west
ward. Within the last week the Mississippi
Valley Trust Company's sales amounted to
sl09. $780,
SUBURBAN ACTIVITY.
That the realty market is expected to i'm
prove at an unprecedented rate is shown
by the fact that beginning Tomorrow the
members of the Real Estate Exchange will
meet every day between 1130 and noon
These meetings are expected to result in