The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-29
MANY SALES OF REALTY MADE
FOR EXTENSIVE IMPROVEMENTS
President of CundenMarn Comp Will Erect Big Structure
Fourth StreetLoetto Academy Building Converted Into
Hote-Oive Street Apartm emit House Cost 100000
Panned-Age nts' Reports

orally promote the welfare OF the street.
sition building, in such manner as will not
materially interfere with the requirements
of the. new library, but which win prevent
city being ns kept eIs as sf street.. u '
The Executive Committee of the associa-
ion is composed Of John F. Shepley Of the
s Ames of the Mississippi Valley
, Trust Company; Augustus b Hart presi-
dent OF the Hart estate: l. 2. Anderson of
the Mercantile Trust Company. and c. H.
Evans, who is extensively interested in Lo
Gust street property.
WASHINGTON AVENUE ACTIVITY.
C OF interest was the passing of the old
st. Luke's Hospital property, located at
the northeast corner OF Nineteenth and
Washington avenue. which the Mercantile
: Trust Company sold to Samuel H. Leathe
for $4,000 cash.
The building is massive five-story
structure, erected twenty years ago. but
fraction less than 100 feet on Washington
avenue by depth northwardly of 135 feet
to Lucas avenue. thus having three street
fronts.
The St LuSe's Hospital corporation is
erecting modern building on Delmar and
Belt avenues, and condition of this sale
was that the hospital retain a lease on
the old building until such time as the new
building is ready for occupancy. w. Il.
Thomson. president Of the st: Luke's Hos
pital corporation, stated that they ex-
pected to be in the new building in about
one year.
This Is only one of the recent purchases
in downtown property made by Mr.. Leathe
within the last few months. He is maxi
ing substantial investments by reason Of his
| confidence In the future of the city. thus
emphasizing a belief he has had for many
years that the three greatest cities of
America were destined to be New York, St.
Louis and San Francisco. While the prop
erty Is occupied by the hospital 1t affords
Mr. Leathe satisfactory investment. and
when he secures possession of the premises
he contemplates improving the property for
commercial purposes
North End property shares with other sec
tons Of the city in. the strengthened tone
The Haydel Realty Company sold Nos.
1922 and 1924 North Broadway in neigh
borhood where sales have aggregated $780,
600 in the last few days.
On one of the lots. the northwest corner
Of Broadway and Biddle street. the Crouch
Mule Company will erect at once q Ave-
story building. Contracts for construction
have been let
SUBURBAN DEVELOPMENT.
Suburban subdivisions are attracting con-
siderable attention, Southampton. Webster
Park and ne Rsh%ond Heights being the
The Mercantile Trust Company is laying
plans to. greatly improve Southampton,
ward. This property was opened to sale
late last fall before the handsome improve
ments were commenced, and the number Of
one-third Of the entire subdivision having
been disposed, of. Work on, the streets.
street es,,v car ns, lines water ETC. has been
naturally attractive location has been
transformed into a modern city subdivision.
Numerous new houses have been erected
and many Others are in contemplation,
The Southampton Improvement Associa-
ton has been organized. the membership
consisting wholly of property-holders who
are promoting the general welfare Of the
district. all Of whom feel very enthusiastic
over the future Of the property by reason
assured hot NOS fehxx q,
front of the property is to be handsomely
improved as outlined In the recent report OF
the Kings Highway Commission.
AGENTS WORK TOGETHER.
The Mercantile Trust Company reports
that 1t has recently had more than the usual
number of transactions where other agents
assisted in the negotiations When proper
ty is listed for sale the company invites
other agents who are members of the Real
Estate Exchange to cooperate and divide
The company reports having recently made
sales as result of corporation with Fish
er & Co. Nichols, Ritter R atty and Ffnan-
Aiple & Hemmelmann and A. H. Frederick.
and that at this time they have several i'm
are cooperating with well-known agents.
One of the handsomcst real estate price
lists ever seen In St Louis was issued yes
real estate DEPARTMENT. The publication is
artistic and contains full descriptions of all
the property in charge of that
who are interested in st. Louis real estate.
The instruments filed in the Recorders
the wsy ' Of loans. which indicates a healthy
real estate condition.
The Mercantile made one Of the largest
loans of the week. which was for $4,000 on
a large piece of downtown property, at Az
per cent, the minimum rate. This company
so flied est Gsn OF @
and several smaller loans at rates ranging
from ~ to per cent.