The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-07-17
Hampered by Vacation Depart.
ures, Realty Promises to Up
hold Former July Records.
BIG SALE OF VACANT LAND.
Subdivision Properties Are Sell
ing Well and Inquiry Retains
Briskness Along Olive
Several Important
Deals.

The real estate market of last week
while lacking in general business. saw
considerable trading and buying fol
speculation. showing promise of maintain.
ing the average July record of preceding
years.
The usual summer-vacation rush has
begun, and with a large number absent
from the city who make interest in real
estate, there can hardly be any improve
ment before the fall months.
Spectators continue to show their con-
fidence in the future by investments In
vacant ground for improvement. several
important deals of this nature having
been closed.
The Northern Central Lot Company has
sold TO ]. T. McCasland and A. L. Gray
ten acres OF vacant ground along the west
side of Union avenue, adjoining st. Louis.
Labadie, Greer and Kennerly avenues, for
So. 900.
This ground was acquired by the North
ern Central Company in 1881 and has been
held without improving, with the expec-
fancy of an opportunity to turn a
handsome profits While the original cost
of the ground is not known, it is not like
ly that the price received last week will
allow any great profit over the prevailing
prices of vacant grol nd in the palmy days
of the early ninetics. The officers of the
&NortnerH central LOT company are RICH
ard Aberer, president, and A. H. Mynders,
secretary.
Messrs. McCasland and Gray have al
ready begun the erection of a number of
brick and frame cottages and flats on the
property. They expect to improve the en-
tire tract in the coming year.
subdivision properties are faring re-
markably well for July, the sales in
Southampton. Greenwood, Harvey Heights.
Richmond Heights, Shields Place. Lin
dell. choutean, overland Park. Page
Avenue Heights and the Wells Homestead
having been satisfactory to the agents
and owners of the various trusts.
The Mercantile Trust Company reports
more than three-fourths of the lots sold
in Southampton. n that six homes are
now in course of erection there, giving
the place q bustling appearance. Consider
able money has been spent on improving
the tract with made streets. lawns and
trees and with an improved street car
service, recently secured, the subdivision
Is becoming popular.
Olive street property continues to re-
thai thoroughfare this year probably lead
any other street In the city. A client of
the Mercantile Trust Company yesterday
bought Nos. 1856, 1868 and 1850 Olive street.
lot Hx152, from Nellie Monks Graves Of
Louisville. KY, for SIG, 400. and expects to
m~odernize the property and hold as an in
vestment. The improvements consist OF
three two-story stone-front houses Of
eight rooms each. renting for $3.50 per
annum
John H. vette, one of the heaviest hold
ers Of real estate in the city. has bought
No. COS Elm street. a two-story, eight
camille Trust Company. from Caroline G.
Rose. for $500. Mr.. Vette owns the ad-
joining poperty. and by this purchase en-
larges his holdings sufficiently to give him
cial building which he ~contemplates erect
Ing at a later date.