The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
X. I. SHELTON, General George d..
Shields and Doctor ii. l.. Sill
verstOne Buy Residences.
EXPOSITION DEVELOPMENTS.
Amusement Companies Make Elk.
tensive Purchases and Secure
Leases Near Worlds
Fair Site.

Three sales of high-ciass residence prop
erty was closed yesterday the most not
able having been made by the Mercan-
tile Trust Company, which disposed of the
former home of John S. Durham. No. 1885,
Westminster pace, TO Richard L. Skei-
ton. for $4,000. for a home.
General George H. Shields purchased
through the Mercantile Trust. the resi-
dence al No. 1865 Delmar boulevard, from
the Holmes estate. and will occupy the
property. The price paid was $1,000.
At an auction held by the Common
wealth Trust Company the old home of
Doctor II. L. Schwarz. No. 1923 Chouteau
avenue, was sold to Doctor II. l.. Silver
stone, for $500.
The price paid for the W home
was considered very low. the house alone
having cost about $1,000 when it was
erected a decade ago, The Commonwealth
Trust, however, had announced that the
sale would be absolute and unreserved,
and the promise was kept. Bidding was
spirited. one Of the most active contest
ants being Doctor Book of Morrison ave-
nue..
Realty agents are encouraged by the in
creased demand for. choice residence prop
erty. The volume of sales of medium
class dwellings has been so heavy of late
that the greatness of the TRANSACTIONS
has become commonplace.
Ii has been telt that the purchasers OF
ordinary residences have made their an
vestments because they realized that this
was better than paying rent. The sales
of h~igh-grade property. however. indicate
that the market is still in a healthy state.
and persons OF ample means are turning
their attention toward rtalty investments.
EXPOSITION INVESTMENTS.
rrba S,t,,,br,ann pna1fy and rho Van
Raalte Investment companies yesterday
closed important sales in the vicinity of
the Worlds Fair grounds.
At the northeast corner of De Baliviere
avenue and Kings highway boulevard the
Cuban Jai Ali Company purchased a lot,
2Jox6o feet. for $3.50, cash. for the pur-
pose of operating an enormous amusement
enterprise during the Worlds Fair period.
Charles T. Ledden purchased a lot, 5ex
2sl feet. lust north of the foregoing de-
scrihed uronerfy. for Sl5.GH.
Mr.. Ledden represents Eastern parties
and it is understood that the property
will be used. as in the case of the Gu
ban company. for amusement purposes.
To NJ. Glorious was .eased the southeast
corner of Delrar and De Baliviere for
one year. lot 1olx14S. at $500 cash in ad-
vance: Since closing the lease Mr..
S~chuchmann has had an offer of $3.50 in
advance of Mr.. Glorious's price for the
ground. Mr.. Glorious refused to SUBJ
lease. and Will utilize the ground for
amusement purposes.
The Schucnmann Company also leased
another lot on the east side of De Bali
Were avenue, about 800 feet south of Del
mar, TO NJ. Stevens, lot 5Ox14S, for $3.50,
for one year. Mr.. Stevens represents par
ties who will erect a refreshment and
dining pavilion.
Leased TO ]. p. enkins of Texas lot 5ox
1iS. about $50 feet south of Delmar ave-
nue. on De Baliviere avenue. for $3.50. for
one wear. ME-, jenkins represents a leXAS
company which will occupy the ground
wi y a 1icnl"r
The Schuchmann Realty Co. has
purchased lot 113xi24 feet on north SIDE
of Kings Highway boulevard, for s17 500.
for investment. Negotiations are unuer
way for a temporary hotel, occupying 40
feet on De Givervi.le, near De Baliviere.
This is opposite the Cuban concession
grounds. Work is now under way on the
Napoleon Bonaparte Hotel on k.ngsbury
and De Balivlere. and at the corner Of De
"a Ar - tnDla-
n temporary hotel. is being erected for
II. Steuyer,