The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-01-04
Sales of Downtown Property Show
a Healthy Advance and
More Active Market.
OLIVE STREET IMPROVEMENTS.
Several Large Deals Are Closed
in the. Neighborhood of Jeffer-
son Acknowledgements Re-
ports Encouraging.

The prediction made by Sidney Schiele, as
sistant secretary of the Real Estate Eek
change, in his annual report, that this yeal
will be the most active the st. Louis realty
market has ever known, began to bear frui,
before the holiday season had passed.
Fnanciers agree that upwards Of $4,000.
900 will be paid out in dividends In the city
this month. and real estate agents expect
to see a great portion of this immense sum
invested in realty.
Lorenzo E. Anderson, vice president OF the
Mercantile Trust Company, who has al
ready contaminated several large deals
since New Years Day. remarked yesterday
that men OF means are more disposed 10
invest In St. Louis ground under existing
conditions than they ever were In the his
The reason is that absolutely safe invest
ments that will net 4 or 3 per cent, and
sometimes more. are abundant, whereas
less n are not go certain On the other
hand, It's hown that realty values are
constantly incrs sing.
the saleyef the northwest corner of Seventh
and Fine streets. from Mrs. Elizabeth
Owyer toaJohn. A. Scudder for $12S, 100. Less
Tor $500: and. meantime, has been paying
about 7aper cent on the investment.
AZ. Rosenheim OF No. III Lincoln Trust
building who has g ninety-nine.yeas lease
Pine street, has plans for a handsome Office
building. as announced several days ago..
"A notable downtown sale was made by
Aonberger purchased the hve-story Duild-
ing Nos 90. and .212 North Third street.
lot Tor 1850. a price that shows a decided
acquire nan blocks Of property adjacent
20 the Levee.. But even at this price tho
investment viii pays per cent net, and ii
. believed that 1t will quickly enhance in
EVIDENCE OF ACTIVITY.
continued activity on Olive street. in the
corresponding advance in, prices. was also
q feature last week. Augustus b. Hart
purchased nine three-story buildinss. COW
"a BY olive. Pine Twenty-hrst and .Twen-
Trust Company. for $3.50.
The Lincoln Trust Company sold the
JEFFERSON building, northeast corner Of JET
1erson anu Olive street. to s. w. Fordyce
TOT $4,000. showing a substantial. increase
In value since it was erected. only a few
months ago. At this price 1t will pay more
The lincoln Trust Company closed a
ninety-nine-year lease on the southeast cor
Street Building Company. David P. Leahy
announced yesterday that the old structures
will be wrecked in less than thirty days. !,
to cost about 800 yOOe. The first floor will
contain seven stores and the hotel office.
and there will be 100 rooms IN the upper
Nt- 1Cdhy ot6tCc thdl In
throughout will be one of the handsomest
Of its size in the city.
To 90 its part in meeting the great de-
mand for medium sized homes the Royal
Investment Company last week purchased
through the Lincoln Trust Company 2So0
feet Of property in the ,neIshbrohood Of
0ante. North Market. epalding and Ken
nerly avenues for G5.0o9.
About fifty six. seven and eight room
Company. through c. H. r. Davis, has a
vast amount of building under way, and
plans for much more. Several residences
We're sold by this ompany last week.
The Nichols Ritter Realty and Financial
Company, the Holbrook- Blackwelder Real
Estate Trust Company. Greer-Anderson.
0eNair. Harris & Jones and other promi-
nent agents report. an. active market and
agree that the new year is opening in bril-
Holbrook- Blackwelder were interested in
streets, and McNair. Harris 4 Jones were
associated with the Lincoln Trust Com
Iany In the sale of the Jefferson building;
snese were among the large deals Of the
OLIVE STREET DEAL
The Mercantile Trust Company, which
sae,s rdI ne old year with an important sale
Nh; Eii.abeth Dwyer. for $500. ' to John IN
4 scudder. as reported in these columns,
important piece of Olive street property
embracing. about o~ne-quarter Of the block
D9unded BY T~wenty-frst, Twenty-second.
n the MIN massive three-story brick
buildings numbered 2l1l, Zig, c11S, no, 2iza,
M. 212. 1l2S and ESQ Olive street, southeast
Sestwardly on Olive strest, a distance Of
~ feet IL inches by a depth s%outhwardly OF
~ feet to an alley. :.
q John II. Sellers, who owned the si is9aer
PORTION. and for the account Of Jesse
2fsneh. who owned a small tract. The az
TIE purchaser was Augustus 3. Hsrt. M.
Tart u one Of the trustees Of thu Oifver 4.
8art estatA but he II understood to have
gMcnesed TINS property for his Individual
The realty Of the Hart estate and Of Mr..
1sr :t. personally. has proven most satisfac-
Nsll managed. II has grown in value With
Ne growth Of the. city and has . IN
sEeelient fnvestment. The property in cues
Sssas" IN II n sa S seiiv na per aSSot o. : P oI,s cent tan and
0Ast OF Jefferson avenue Whete then r.
9scadsoiy encoorasfng outlook, he has
eair rate Of interest. and win. Increase in
II WI , ACKNOWLEDGED that the Mercantile
a4sTt and Er.' se en- Iscs n s1u. sS,a 70 :, Mr. Y:
Fart estate. q large tract of 0round on
iWashington avenue, corner Of T~wenty-sec-
2 strest which they bought for an In
SALES EAST OF BROADWAY.
En0 Aercentile Trust Company also re-
ny ssss' i, n; 3. q; q You'd allEarG 3. s.ii.S R'; 4. .. d S.1D-
SS3wn 6t;trtcs" cyst Of Broadway, being
9Sis.s's sssdi ; f'ss : sss lion .s ss!'saps sn bs 8, e
The property was sold for the account Of
sannsti. 8. IL Tor ~ sa,i sSD sath. hit Ths ns Of Gin.
are occupied by the Handlan-B Buck Nanu-