The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-07-05
HOlbrook- Blackwelder Let Con-
tract for Structure at Eight
zenith and Chestnut.
WILL BE ERECTED AT ONCE.
Realty Transfers for Last Six
Months Show Increase of So
1914 Over Corresponding
Period Last Year.

10 the group of small, frst-class hotels
now in course of construction in the
ueighborhood of Union Station will soon
be added moro pretentious one. at the
southeast corner of Eighteenth and Chest
nut streets.
A contract for the building was let yes
terday by the Holbrook- Blackwelder Real
Estate Trust Company TO the C. L. Ger
hart Building Company for $4,000. Con-
struction is to commence at once.
The structure is to be three stories and
basement, and the street floor is to be &C.
cupied by three large stores. The hotel
proper will contain 100 rooms. and the APP
pointments will be OF the most modern
type and finish. Baths will be connected
with a ajority OF the rooms, which are
10 be arranged in suites.
The proposed hotel already has been
leased to William A. LANCE for a term of
fifteen years on a basis which gives 5
per cent net on valuation OF $4,000 the
lessee paying the taxes and insurance and
making all necessary repairs.
According to the contract. the hotel will
he in operation before the Worlds Fair
opens Other hotels il the same neishbor-
hood are being built under similar condi-
tions. and real estate men say that ST. Louis
will have no difficulty in making up the de-
ficiency which now exists in supplying good
accommodations for all visitors.
BIG SALES RECORDED,
The Mercantile Trust Company made sew
erai important sales during the week, par
ticularly one to Samuel H. Leathe on JEFF
ferson avenue, in which ]. l. Epstein as
sisted. In all of the transactions the prices
showed the market to be in a strong and
healthy tone.
Holbrook- Blackwelder with the Hess
Realty Company. sold a lot fronting seven
ty-three feet On Olive street. south side.
fifty feet west of Fifteenth street, from A.
Van Raalte to Judge Wilbur F. Boyle and
Judge Adams. for $1,000. or s1.00o front
foot. The purchasers were represented By
J. Z. Foge.
As In most Of the recent transactions of
similar nature. the purchasers bought for
an investment. On account of the wages
paid to labor and the high price Of buildin.
material. few new structures are contem-
plated at present. 1t is believed that con-
siderable building will follow the Worlds
Fair period. Construction prior to that
time principally will be of houses needed
curing the Exposition
INCREASED ACTIVITY.
statement has been prepared by the
Zeal Estate Exchange. from the official rec
ords. which shows that for the las. six
months the realty transfers in St Louis
Rave amounted to s31.53O.5l5. or s5.al72A
greater than during the first half of las.
year
The deeds Of trust filed during the last
six months have aggregated the upprece-
dented total Of $l4s,s2O37s. as against $685.
2A.eoS for the corresponding period a year
ago. This marvellous increase of s11O. I'll
is accounted for by the fact that the Ter
minal Railway Association this year filed
a mortgage bond for s5O0O0.Oo0 while the
Transit Company gave one for s2o,OOoeco,
end the Iron Mountain Railway gave one
for s5o.oOO.0oO.
The records by months are as follows.