The St. Louis Republic., 1905-12-31
WILL SET RECORD
N REALTY DEALS
This Is Prediction Of Lorenzo +.
anderson Upon Chances If the
New Year in the Local Market.

w" beUT ~ VVs' laval .NNuh"t
The new year viii establish y ~. ,",lent
IN real estate. accounting ." l..rsi'2.s =
Anderson. vic y.r. sideus cf the Ner"at,tils
Trust Company. ~h" has written AN ar-
tt-le c'i sh.: mos; important transactions
In rea' estate for tn. year ~ i:en wiz. a
general review ~ the situation Of TODAY.
The article written by Mr.. Anderson fol-
lows:
The year Jus. closing ha. been an
CnlineBtly prosperous one to al iiEeS Of
business. and especially Z" real estate
TEerc Msr: many of the opinion that the
y.ar following the Fair would show re-
acti.n. as i: Did in Chicago. and that ti:ts
would ls clearly shown tn real estate
transactions: Personally. I never agreed
with tha. view, ard the years business.
while ernin' ntly gratifying tc me. las been
regarded as tOo s;inguirc when say ] az
not think that the last wear has shown
greater material development In 80. Louis
than ',.xs % YEAR will show. or. In fact. the
The Fair undoubtedly had tl,e effect Of
attracting tire attention Of a great many
rsrs:,ns !,s ss :" 9, l.ouis. wh" previously ha.i
my opinion. one Of the greatest advan-
taees Of the Exposition was IN bringing
{" II. I<''iix residents a realization OF
the greatness "f their city. This fact
have r"ticeI In my cf.,cc. for many pe"-
pie who. heretofore. could not be induced
Z" hay real c-ta'e. rreferrinR bonds or 9th
ccr forms ~ Investment. have recently been
ties. and With most satisfactory results.
The fact that 81. Louis occupies
unique and particularly commanding sitE,.
ton IN the commercial and financial world
Is heing realized, by III. more thoughtful
lnei..
The development Of tie Northwest made
cnisS" Escas city =, n, sSM.., similar sg.
ritOry is now taking place. Nearly one
fourth Of the railroad cOnst In the
United States has been In this new ter
and the development Ia that section has
really only just begun. II 10 one "f the
richest countries IN the world. and t,s
development assures a great and rapid
The national demanl that the Alss:s-
sipri River BE- made naviGahle for sea-
going vessels has recently received a great
the city Of Chicago and has caused many
To look forward to the completion 81 this
enterprise tn the near future. While. per
haps. sOmcwhat remote. y y cHneeded
advance the city II e. Louis marvellous
iy and make n beyond question the great
est interior American city.
Gus in all lines Of real estate. Including
business properly. manufacturing an'i res
ilence property. could recall many
transactions q the last year. which were
6CCOTVeSI III 0euNIb Uu NuCSC CpbOsn"S 80 wv
time they occurred. Many Of them we're
large, and some Z consider especially Inn
poffant By reason Of their peculiar nature
and the influence I believe they will have
Without going into de,aii Of the num.r-
ous salep. would mention bH1eny only
three transactions In business property.
:nd residence prop-fsy. re-
rOrtsnt. not only BY reason of IN" ihIxe
h,uT.s involved. but for the influence
which they have lad on Subsequent dcais.
ard will have IL" others now Iena'ne.
They are tyrical OF many other d.als
male during the year.
BUSINESS PROPERTY SALES.
J-r.ier IN. head Of business property. ]
would recall the lindelI Hotel sale Tn!s
property Was go long n landmark IN -.
lion IT'S location AZ the three-QuaFter block
bounded by Sixth street. WashinEton and
Lucas avenues. That property Was SOLO
might say in passing. yiei led q large profit
10 the owners. Since that time the prop
erty "a. LEASED for . long term OF !.aS
fo the 3s:x. Rasr & Fuller Dry Goods
I'ompany. a large building y Tow being
rapidly pushed 20 completion.
one Of sh. most important TRANSACTIONS
To- manufacturing property. and one when
goes TO show the Increasing i',p"rfan.e o!
(3s Louis IN such lines. was the sale -
some sixsy-o.id different tracts ~ land ~
'ary.c.isi.:. embracing as whole nearly
10 acres. extending from i.orenz street
On tie north 20 Jemes:sn harsscts s On; IN, ahs
10 the M..>,.-ipsA River on the east.
This property 0as sc:3 to the southern
end Manufacturing 'ori'-
pany. and. whil, I am not at Ef-r'y 20 !
sta:e tho particulars ~ this Transaction. /;
feel warranted IN saving thar fhs uae |
= this property All, ~ a new departure |
10 follow ~,;i be OF sr.a, bench; not onIy |
10 that section ~ The city. hut tn II |
Louis a. q whole. II Will te remen.- |,
sre3 that the River S.s P.res runs ,
md widening IRE river. the Grouaa can /
h. cnrl.ert~! Into Go-rk property. Wherc |
iaYe-s can land with heavy freight. ana
besides. !, enjoys excellent railway sa!,-
This enserpr.se viii TO, - fully appsees-
TED unsii the full developnent - brought
bou'. which ] expect Ga see In ta' nssr
rhic., !s beine wisely worked ov, TO take
'dvant>ss q the shiprins facilities AZ
RESIDENCE TRACT SOIX
IN res!d.noe properly. uneo,hfedly the
iss ,ae sale and dsvsinpmen, of the Tow
, Grove Heights tract; IN central South
his property was known 20 oIfer .~s;-
.nss as the Sw!sser farm. and sss p1V-
hasel from the Connecticut Nu'ra! f.ife
nsa,hnce Company by . - adics'e o: !c-ca!
E:Sh. .noa.hs ago ,h,. ~as Q va., ar.a
s.,.-Ai -n.!e' sana.e I'm Which there
ea:iy =. i.oms~ built 80 IN TIE no.yse o.
forming = ge<-1-s:zsd city |
hl- transaction shove the confidence
hich the great middle class have IN ere
YsHrs o. St. LOUIS when. nosw.sAs;aas- l
q the nigh yeice % A1iidng material. \
,sr erect IL a few months % many cvsn-
,r,able homes.
This oorr!encs IA IN. future q: III. CITY
. ,A- part of pe:sCas - .nod.yas. means l
, nav mini. - one q Tie fsIost eac-..:ax- /
- features which eaisfs in ire ~. i,.Iss
"a estate market to-day. Ant ts rnsr. !
g galfc.sr; than the pyschas> 81 valuable |
o~r-:o~n corners b. mI.!:oasir> invest
% 4
The three srsnfoetsoes reported are IN.
.ances of hundreds cf sale0 in she S.s-
,:eat eiasoes of peopsFfy- Al the cfos.
. the year We And % great aa scfiv!'y
, sItsss1 ae any 0Os since the Fair
seeA
ne nsv ysas so<ns visA tAs hsasAssse