The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-08-30
CARRIAGE FACTORY
SECURES A SITE,
Union Company TO Equip Plant
Employing 800 Men in North
st. Louis.
REALTY OUTLOOK is BRIGHT.
Agents Are Searching for Houses
for Worlds Fair Foreign En-
voys - Mercantile Trust Co.
Expects Big Business.

A new carriage factory, to employ 500
men. will be located on the lot. S5oxl0O feet,
at Branch and Hall streets. 1t will be one
of a series OF plents owned by the Union
Carriage Company.
The buildings " ere recently erected by h
d. Banning, vino adopted the novel method
of walking seven miles in North st. Louis
over the Terminal Railroad tracks to select
the best factory sites.
Mr.. Banning has purchased several tracts
of ground which he considers excellent To-
cations for manufactures of various kinds,
and real estate agents commend his enter
prise and judgment.
The site 70 be rsed by the Union Carriage
Company is regarded as one of the best on
the west side Of the Mississippi River, and
the terms are said to make 1t more desira-
bic than any place to be found on the other
side of the river. where special Inducements
are offered TO manufacturers
A lease for long term of years was
closed by the carriage copcern through the
Germania Trust Company and 1t is an
rouiced that extensive alterations and ad-
hitions will be made to the new factory
buildings erected by Mr.. Banning The
carriage company's investment will amount
to about $4,000.
HOUSES FOR ENJOYS.
Another important lease closed by the
Germania Trust Company was that of the
| residence at No. 1916 Berlin avenue to Serge
A. Alexandrovsky. the Imperial Russian
Commissioner to the Worlds Fair. The
dwelling belongs to George T. Murphy. and
! the furniture will remain for the use OF the
Russian officials. Alterations will be made
to the building.
The Brazilian Commissioner, who arrived
md iu
| the Planters Hotel. has several residences
under consideration, and real estate agents
ings. Several other foreign commissioners
| TO the Exposition will require elaborate es-
tablishments during their stay in the
Realty dealers are beginning to return
| from their vacations, and the fall business
is expected to open in short time. With
out exception the agents believe that the
market will be the Ilveliest on record.
| The wonderful growth of st. Louis. the
shown BY the reports from wholesale mer-
| chants in the Washington avenue districts
and the fact that many Improbable VEN
lures in stocks are causing investors TO
turn their attention to a class Of securities,
real estate. which cannot fail, are elements
bound to make the local realty market act
dent Of the Mercantile Trust Company.
Like other welI-posted realty dealers. Mr..
q the Tos ar Thst there oa Is 'ne
| boom. nor Is there likely to be any infis-
ton OF values, ts proved, it is said. by the
4 present remarkably low prices at which St.
| Louis property is offered
| GOOD BUSINESS OUTLOOK.
On account OF the hiS, price Of material
and labor. the yolun> building within the
| This will result In greater demand for
| dwellings and business houses already COM
vent. It is said, the prospects are that I'm
| proved property Will be eady disposed OF
at advanced figures without raising values
Il .faIn lalz
| Values of st. Louis realty have been be-
| low par. below Justifiable point. In view
OF the rapid development OF the city and its
| roseate future" said dealer. MANY places
can be bought now at prices lower than
they were several years ago. Present condi-
tons may merely restore such property TO
the right footing. and furnish excellent in
c. c. Nichols OF the Nichols Ritter Real
ty and Financial Company and David
Leahy of the Lincoln Trust Company both
called attention yesterday to the great de
| rfand for medium class dwellings. A sinai
lar demand for small stores exists.
las for dwellings" said Mr.. Nichols, I'VE
can sell them fas'er than they are fnished
-. rates are - abnormal when cna t6n-
els ali ..s~ -t- .,."--si lid -...,,.
/ tnat they ere NOT higher on the eve Of Tie
, stances a decade ago. The property Cs-ner-
| are now receiving only fir returns on their
investments and are not inclined TO .gouge.'
But We need more average-size DWELL
| they can be rented"
MERCANTILE TRUST GROWTH.
| At the opening of the autumn realty mar
| ket especial attention has been attracted to
the Mercantile Trust Company. whose real
| estate department Is one of the largest in
1 America, and is still growing
| The Mercantile Trust Company, it will be
remembered. absorbed the business OF the
! Anderson-Wade Realty Company the own
ers Of which are now leaders in the great
corporation with capital and surplus of
| s.. 10000
When the absorption took place several
small. hut in the same ratio that fie Mer-
camille Trust Company has grown to be one