The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-04-05

a syndicate OF capitalists. headed by
John 4. Hermann. who built the missouri
Pacific building. 1T the northwest corner
Of Seventh and Market streets, proposes TO
erect a similar twe,ve-story structure on
the northeast cerner Of Seventh and Mar
ket streets. to cost about s5Jl.gJ1.
whether the twin building. across the
street from the new Missouri Pacific struc-
ture will be erected at once depends upon
the outcome Of a suit which i TO be de-
efded in the Circuit Court on Wednesday
The lease 10 the property is involved
Several Ucnths ago. it is claimed. Jonn
p. Hermann and others, clients or Rassieur
& Buder. made a contract with the Burnes
estate. owners Of the property. for ninety
nine-year lease.
After the contract for the lease was
signed, it is stated. Z. c. Burnes found
cause 10 revoke H. Thereupon suit was in
stituted TO make the lease effective.
Mr.. Burnes - expected in St. Louis to
morrow. ana it is sad that there Is a prob
ability OF the SUIT beng compromised II
which event the plans Of Mr.. Hermann and
his associates EIay be carried out at once.
IF our clients secure the property, said
Mr.. Buder OF Rassieur & BGde-. attorneys,
there Will be no DELAY in improving the
corner with a handsome building"
No matter which way the case Is de-
elded; it is said. The erection OF an once
that corner is assured
Mr.. Burnes has been approached with
several propositions from parties who are
supposed to represent railroad interests in
looking for Office room.
ROCK ISLAND MENTIONED.
The Rock Island Is most prominently
mentioned in this connection Jhis road,
which soon will remove most o. its sen
offices to St. Louis. will require more
than 100 rooms. and quarters are preferred
in a new building. The Burlington also is
looking for more space for its local officials
and clerks.
full of tenants In fact. IL is said that in
the entire city there are not now twenty
i've vacant rooms IN all OF the once build
4ngs combined. The Missouri Pacific
Jumped at the opportunity to rent the new
structure at the northwest corner OF
Seventh ard Market streets several months
ago.
That the opposite corner IS in demand for
railroad purposes is because II is in the vi
einity of the greatest number OF railroad
Offices. on the main highway to Union sta
ton ana within convenient distance OF the
The latter misunderstanding TO the
wholesale section of the city. has CON
WINGED the promoters that If they failed TO
rent the entire building TO railroads, as was
done in the case OF the Missouri Pacific
building. agents for mercantile houses
would favor the location and become ten
ants.
II the clients Of Rassieur & Builder win
their suit and Eecurc a ninety-nine-year
be almost an exact duplicate of the Mis-
souri, Pacific structure across the street
john p hermann is ready TO make ar
engagements to that end. on the other hand.
II the Burnes estate makes another lease,
Il. is. stated. the lessees will carry out SINH
l5r plans Tor improvements.
Meantime the contract between the north
west and northeast corners of Seventh and
Market streets Is striking. On the one side
& the imposing. buf-brick structure, tow
erinE TO the height OF the Lincoln Trust
building. and on the other n series OF Old
shantles covering a lot fronting us feet on
Seventh by 10 feet on Market street.
Tom Allen. the veteran prize fighters
Shioon and another groggery, a Chinese
Eundry, shooting gallery and a secondhand
HothinE store form the group of tenants
gnder the shadows OF the new Missouri Pa
Sic offices. New st. Louis and the old are
shown together. and the triumph OF the
1fw in that part OF the city is expected in
short time.
HEALTHY REALTY MARKET.
EThat the tone of the realty market re-
gains strong is shown by the reports OF
8sents. all OF whom were g~ratified TO note
Elat the transfers during the month Of
March, taken from the official records and
fpsied at the Real Estate Exchange. ag-
ffeEated E.95.60. During the correspond
Ing month last year the transfers amounted
10 only S.0f5.O1S.
A principal reason for the more than 100
per cent increase was the purchases by rail-
roads for extensions.
Since April ! the Mississippi Valley Trust
Company alone has sold about $4,000 worth
OF property adjacent TO the Levee to the
Tcrmina and these sales are expected TO
continue steadily for several months. until
Inquiries on the part OF newcomers con-
finue 10 be q feature of the realty market.
The Mercantile Trust Company. which has