St. Louis Post-Dispatch from St. Louis, Missouri on June 3, 1934 · Page 19
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St. Louis Post-Dispatch from St. Louis, Missouri · Page 19

St. Louis, Missouri
Issue Date:
Sunday, June 3, 1934
Page 19
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gjjTlffgfsi LOUIS POST-DISPATCH RealLEstate For Sales PART THREE. ST. LOUIS, SUNDAY MORNING, JUNE 3, 1934. PAGES 11 2C IES FOR FARMS Iffi UP, FEDERAL UNO BANK SAYS Is It Average for 136 Acres ifi Now $800 More Than Was for Place of Same Size One Year Ago. YOUNG FARMERS ARE AMONG PURCHASERS e Year Ago City C,irrVir (Ivfif Half UUUji" Farms Now About 75 Cent of Sales Are Country Folks Men of Per to A steady change in the type of applicants for farms offered to the public by the Federal Land Bank of St. Lcuis is noted by both James 51. Huston, vice-president and man-iger, and Paul F. Schowengerdt, manager of the real estate depart ment. During the last year the strong demand from buyers, particularly city buyers, was for small, cheap, fbsistence nomesieaas. tny men, to find work, were forced to seek a job or a home in the country. Hardly a day went by without a number 01 industrial workers calling or writing to the Land Bank with reference to purchasing a farm. In the fall of 1933 and the spring of 1934, the demand shifted. The flow to the country decreased and buyers came from a different class. Some with money began looking 'or a place to invest it. This class fcluded city buyers and farmers needing additional land ior tneir u.e or for the use of members of their families. "One noticeable shift in the class of buyers was to the younger generation of farmers. The young men, apparently, are not going to the city to seek industrial employment, but are buying farms with the help of their fathers. To our knowledge this practice has not been so gen-tra! since 1918," Mr. Huston said. The first four months of 1934 save seen the first increase in general farm real estate values since 19-0. The average price paid for farms sold by the Federal Reserve Bark in the first four months of !5S4 was $7.50 per acre higher than the corresponding period of 1933. The average farm sold for $3100 'his spring, an increase of $800 over ifz corresponding period of last rear, although the average acreage as identical at 136 acres, Mr. Huston reports. Sales of Federal Land Bank farms amounting to $504,583 for :he first four months of 1934 were 5,000 greater than the sales for 'he first third of 1933. In addition 'he percentage of cash now being obtained with each sale is greater than in thp nast "Mr "Huston re- J sorts. Of the sales for this year, l per cent was obtained in cash, i.lle 17 all-cash salpq were made amounting to $69,725. Bearing out the statement that al demand is stronger now than s the past few years, the Land MEk's records show that while city a bought 51 per cent of the "tns sold in 1933, only 31 per cent tne farms sold so far this year gone to city men. It is esti- f3'd that 75 per cent of the sales r-x made to local buyers living hn 40 to 50 miles of the farm 'tv purchase. 'ke farm properties offered for e by the Federal Land Bank been acquired through fore- -Jres of first mortgages. The -aty of these farms, together the prices and terms at which 'l e are offered to buyers, ac-for considerable of the in-i ?ased volume of sales. The farms H "ered in keeping with the Irrer-ent prjce of other farms in I. e'f communities, and in line with $ ilent conditions. li,1 terms of purchase offered "le Land Bank are one-fourth ,he Purchase price in cash and remainder in the form of a 20-loan at 55i per cent interest. 6se sre regular amortized loans tiS for A smail yearly payment it-' principal in addition to the P,erest ut sufficient to retire the V" ,a 20 years. Full prepayment V!'?es are permitted on any 6 Without penalty. To Speak at U. of Oklahc Geor !fesid ;e - Smith, assistant to the 5.,, --""--au, win De me com- 0.emert speaker tomorrow at university of Oklahoma in Nor- irs;t,.k'mith- a graduate of the uni- 'iei'ri' Was formerly director of -irUsfrial Bureau of tne Indus aI Club. ,eiR3EN HOSE Four Residences Recently Sold; One Just Completed kV& t Mill, ' Residence at 418 Sherwood drive. Webster Groves recently purchased by ite . yL 1 "jamin K Thomas- " : Residence at 7311 West- T, J , .'""' , - - -' -" f - UU moreland drive, Univer- I . ' - , sity City, purchased by 4- f",, , - bt Wood Netherlands oi the L ? " ----irrf! ' Mercantile -C omrnerce ft iSV 74 Bank and Trust Company. JJ-C-fa f- - W IWv x 'SSSr ' The Anderson. Stocke. - ?-A ' Vfflir-rfSSSA 4 Buermann.Re.1 Estate sit -"A - ' - ijH'M JfcS-A Company, m this transac- smTrjmgil EJt - - te w J V tion, represented Joseph JSfA WJ ' V"" - & V d ARENA FORECLOSURE .f5t'B- i i SAI F SFT FnR IIII Y MMr&Sm 4W$ . Q 3SS'-w-f - ' wirm-m ,,, ,1 -nv3- ' ' j:i l' OLr-- "t- S - $500,000 Minimum Acceptable Offer for $2,600,000 Structure; City May Bid. The date for sale of The Arena under foreclosure was set for July 3 yesterday by Federal Judge Davis, who ordered the sale last week to satisfy a mortgage indebtedness of $975,644. Former Circuit Judge William H. Killoren, named as special master, will conduct the sale at noon in front of the main entrance to the property, at 5700 Oakland avenue. The minimum acceptable bid as fixed by the court is $500,000. Ben G. Brinkman, controlling owner, has said the original cost was $2,-600,000. There is a possibility that the city may be a bidder at the sale. The recently-approved bond issue included an item of $1,000,000 for purchase or construction of an Armory. Mayor Dickmann has said the city would be interested in The Arena if it could be bought at a bargain. YECKEL, EARICKSON & CO. INCREASES SALES FORCE Emil Baumann and V. F. Schulte, architects, have been appointed salesmen for Yeckel, EaricksoD & Co., and will devote their efforts to the sale of South Side real estate. O. J.' Perrot, sales manager for the company, reports the following sales recently made: l At 4067 Schiller place, bungalow, to Hurley A. Rector; 4160 Wilmington avenue, bungalow, Jo Fred Faller; 5446 Robert avenue, bunga low, to August Siebert; 4425 Christy boulevard, single flat, to F. Lee Spinsby; and vacant lot on the north side of Murdoch avenue to Milton Duenke. SHOE COMPANY LEASES FACTORY ON BOYLE AY. The Collins-Morris Shoe Co. at Marine, 111., has leased the two-story factory building located at 918 South Boyle avenue. The plant contains 10,000 square feet of space. Alterations and improvements are being made preliminary to occupation. The building was formerly occupied by the Chouteau Shoe Manufacturing Co. The lease was made through Eugene L. Wehmeyer of the Breitt & Naumer Realty Co. v SEVERAL STORE EUILD'NGS ON WASHINGTON LEASED Diamond-Feinstein, Inc., has leased the 'two stores and basements in the building at 1100 Washington avenue, and will take possession June 15. ' This will double the space now occupied by the company, of which Benjamin Diamond is president, and Morris Fein-stein, secretary and treasurer. The Mullin-Walters Realty Co. handled the negotiations. , Henry Schwartz, Inc., has leased a storeroom and basement in the same building for a term of years to be occupied as an office and sampleroom for the handling of women's ready-to-wear clothing. This will give the Schwartz company double the space now occupied at 1426 Washington avenue. Abraham Spizer has leased a store in the same building. He will occupy it June 15 with a line of children's and infants wear. Modern fronts are being installed on the first floor of the building and the upper floors are being redecorated. The Mullin-Walters company has . been appointed exclusive agents for the property. William Houchin has leased the building at 4830-32 Page avenue, where he intends to manufacture working clothes. Maury & Co. has leased the third floor of 1324 Washington avenue for an office and stockroom, and the basement for the manufactur ing of ruffled curtains. All the foregoing transactions were handled by the Mullin-Walters Realty Co. Residence at 7106 Cambridge avenue. University City, sold to David Rosen through the Foskin-Gabbert Realty Co., James A. Sarles builder. CLICK REAL ESTATE SALES GREATEST FOR MAY SINCE 1926 SALE OF HOUSES REPORTED BY RAYMOND M. HENLEY CO. The Raymond M. Henley Co. of Kirkwood reports the sale of a seven-room residence at 4 hitman place for L. E. Pierce to Joseph E. Davison. The same company also reports the sale of a five-room cottage at 411 West Woodbine avenue for the Kirkwood Building & Loan Association to C. A. Wilson, and a four-room cottage at 339 Lee avenue to Marvin Blackwell. Walther League Outing. The Missouri District Walther League will hold an outing today at Blanchette Park in St. Charles, the program being built around a day in camp. Special busses will leave the Wellston loop for bt. Charles beginning at noon. The Ghck Real Estate Co., Inc., has announced that its sales last month were the greatest for any May since 1926. Twenty-six-pieces of property were sold. Some of the sales were: 4444 Ath-lone, a single flat, sold for client of Eugene J. Altheimer, for Max Schwartz; 1527 Lewis avenue, for client of the office to Albert M. Welp; 52 Jennings court, for client to Daniel Davis: cottage. 5134 Terry avenue, for Albert Papen-berg to Mrs. Ellen M. Mueller; dou ble flat, 4460-62 Kossuth avenue, for Marguerite Hanlon to Mrs. L. Cava-naugh; bungalow at 5459 Genevieve avenue, for Gordon G. Grant to Joseph K. Schmidt; 920 St. Louis avenue, single flat, for client to Harriet Carroll; 6242 Goener avenue, single flat, for Emma Schulte to Frank Subert; 1393 Granville place, brick residence, for H. W. C. Ruppenthal to client; 1513 Herder street, brick cottage, for client to Maude Faust; 6624 San Bonita, a four-family apartment building, for client to Frances Boda; seven-room brick residence just completed at 7488 Cornell avenue, University City, to Wilfred I. Hansen. Schmoll-Hernreich Realty Co. .The Schmoll-Hernreich Realty Co. has opened an office at 103 North Ninth street. The firm, consisting of Leon K. Schmoll and I. A. Hernreich, will conduct a general real estate business and build and finance small homes and bungalows. The firm has been admitted to active membership in the Real Estate Exchange. Schmoll flas been engaged in the real estate business on Chestnut street for the last 10 years. Hernreich has been identified for the last 12 years in the promotion of various subdivisions in the city and county. County Tavern Owners to Meet. The Tavern Owners' Protective Association of St. Louis County, organized recently "with about 200 members, will meet tomorrow afternoon at 1 o'clock at the Joe Gab-bert Cafe in Fenton. -The association contemplates a survey of liquor regulations in the various communities of the county with a view to obtaining adjustments where they are inequitable. The Office o M. H. Rodemyer & Co. Has specialized in the management of apartment properties for many years. We invite you to discuss your problems with us. M. H. RODEMYER & CO. 109 N. 8th St. MAin 4124 F" t, , "lth COUP"" 21"-" ui n"'l al.,....$1.8 V , , Kal " 89 9 fim n . :. a" colors: gallon ... " "h'te; gallon lki.l CASH AND CARRY fc ndeventer. FR. 7630 "RECORD BRAND" House Paint Formula Attached $65 Ul Gal. We Invite comparison of price or formula with any other paint, ra-Kardleaa of price- COMMON SENSE ABOUT PAINT Labor charoet reprewnt thrw-fourtht of th total eoit of th averts paint Job. Don't us paint of inferior quality. If you do. you actually wast money. That" why we ore you to u Rower-Bein Quality Palate for all eurfaeee . . . thl type of Job laete many eeaeone and alwaye looks well. Buy at th Uetory . . . Pjone u tor arm on Paint. Varnlehes. Enamel for any purpow. Our prlee are LOWER than other tor comparable quality. Master Paint Maker for 45 Ymart Headquarter for Dutch Boy or Eagle Whit Lead, Lineed Oil and Turpentine ROWER-BEINE 3133 N. 9th St. CE. 4547 South Side Distributor Same Prices a Fictory - RE I!. EKE WALL PAPER CO. iinwl "Recently completed bungalow at 4138 Iron street purchased by Mr. and Mrs. Hollis'G. Dakan. The transaction was handled by the Christian Brinkop Real Estate Co. Nine-room colonial residence recently completed for Mr and Mrs. Frank J. Winter at 1000 North Elizabeth avenue. Ferguson Lawrence J. Steffens, architect. HOPEFUL OF COMPLETING PAYING IN FOREST PARK Officials Expect to Complete Surfacing of Last 300 Feet of North Grand Drive. Park department officials are hopeful that this summer they will be able to complete the paving of the western part of North Grand drive in Forest Park, which parallels the north side of the park between Jefferson Memorial and Skinker boulevard. The drive was closed five years ago when the new River des Peres sewer was constructed in the park. When the sewer work was completed two years ago, the park department did not have suffiicent funds to reconstruct the drive. Finally, however, funds were obtained, and all but the westernmost 300 feet o fthe drive was repaved with concrete about two years ago. In the meantime, additional sewer work in the western end of the park delayed completion of this part of the drive. Last year, the sewer work was completed and this spring the job of filling in the earth about the sewer was begun with CWA workmen. As soon as additional earth is obtained, the paving of the drive will proceed, Park Commissioner Miller says. NEW ENGLAND STYLE FARM HOME ON WARSON ROAD SOLD The New England style farm house of Mr. and Mrs. Harry Bueh-ler Jr. on the west side of Warson road, south of Clayton road, has been sold to Mr. and Mrs. Jacob R. Van Dyke. The home is in a restricted residential section. There is an eight-room residence, with garage, stables and a lake. Edward L. Bakewell represented both parties in the transaction. The price is understood to have been in the neighborhood of $45,000.' . Franciscus-Maginn Sells Corner. Franciscus-Maginn, Inc., report the sale of the southwest corner of Park and Ohio avenues for the Continental Baking Company, a Delaware corporation, to Fred W. Ar-bogast. This is the second sale made by Franciscus-Magin, Inc. in the last month for the Continental firm. The lot, 108 by 120 feet has a two-story building, store and bakery on it. Five Held Up In Store, $25 Taken. Three customers and two . employes of a chain grocery at 6116 Bartmer avenue were held up yesterday morning by two armed robbers, who fled with $25. WE SPECIALIZE IN FAREV1 BARGAINS! Tell as the kind of farm yorj want what yon want to pay where yon want to locate and we'll show yoo farm bargains tn Illinois, Missouri and Arkansas that will fit your purse and purpose. The bargains below are typical. Home on 185 Acres (Described Right). J V'. 1S5 acres, Montgomery County, Illinois, mile to Butler; on a public road, 4 mile to paved road; school and church at Butler; two-story 9 -room house, barn, cement silo, 2 poultry bouses; watered by wells, cistern and creek ; gray silt loam ; . lies gently rolling : 165 acres tillable, 20 acres pasture. $6500. 80 acres, Montgomery County, Illinois, 4 miles to Butler; on a public road; 1 mile to paved highway No. 127; 1 mile to school. 3 miles to church; R. F. D-. telephone and power line; 8 -room house, barn, 2 poultry houses; watered by wells; brown silt loam; lies level; all cultivated; $6000. 3- Ft F T "is- ,- rx J a"- i ., ! Home on 80 Acres (Described Left). Jor Terms Are Cash, Balance In a 54 20-Year Loan. Farms Shown on Appointment. Write for Free Catalog. THE FEDERAL LAND BANK OF ST. LOUIS ST. LOUIS, MISSOURI PRIZES FOR BEST GARDENS ON SIX RELIEF TRACTS Cash Awards of $280 Offered by Julius A.Baer; First Place Winner to Get $25. Cash prizes amounting to $280 will be awarded for the best gardens on the six relief group tracts in St. Louis by Julius A. Baer, president of Stix, Baer & Fuller. The prizes include a $25 grand prize, six first prizes of $15 each, six second prizes of $10, six tnird prizes of $5 and 30 additional awards of $2.50 each. Dr. George T. Moore, director of the Missouri botanical traraens, win name a committee of judges who will announce awards at the end of the growing season. Baer, for three years, financed the Health-Thrift Community Gardens for 400 gardeners, turning them over to the Missouri Relief and Reconstruction Administration when it started its garden program. SALES OF LOTS AND HOMES IN LAKE FOREST REPORTED Several sales of lots and houses in Lake Forest, a residential section on the south side of Clayton road, expending west from Hanley road, is reported by William I Gourley, director of sales of the subdivision. Plans are being drawn for a number of new homes in this addition.' About 40 'houses have been erected in the addition since it was opened in 1929. South Side Realty Meeting. The South Side Realty Associa tion will hold its next meeting at noon Tuesday, June 5, at Pironne's Mission ' Inn, Grand and Magnolia. Delbert Wenzlick will be the prin cipal speaker. Mr. Wenzlick is an authority on the future trend of real estate in St. Louis. Henry, of the American Home Building . and Loan Association, will give a digest of the new Federal Housing Bill now pending in Congress. 7TH STREET BUILDINGS ' LEASED FOR 10 YEARS Columbia Mineral Water Co. Acquires 2114-20 South for Bottling Plant. A span of one-story buildings at 2114-16-18 and 20 South Seventh street has been acquired under a 10-year lease by the Columbia Mineral Water Co., of which Charles B. Wolf is president. The lessors were Adolph Orr and John H. Brocksmith. The lease was negotiated by George H. Streiff, real estate officer of the Mercantile-Commerce Bank & Trust Co. Negotiations involved a subordination of the lease to an existing deed of trust on the property, requiring execution of a new deed of trust, an unusual procedure. The buildings are well lighted and adapted for use in the manufacture and bottling of soda and mineral waters. The property will be altered and revamped to provide for offices. The Mercantile-Commerce company represented, all parties to the transaction. LEASES MADE RECENTLY IN INTERNATIONAL BUILDING The Monti Jewelery Co. has leased a storeroom t 724 Chestnut street in the International Building under a long lease The Mardel Realty Co. has leased quarters at 14 North Eighth street on the ground floor of the International Life Building. Both leases were closed by J. K. Gregg, manager of the building. Other leases made in this building include those to Continental Delivery Association of Missouri and Raynor Decalcomania of Missouri and State Automobile Service Bureau. We Make First Deeds of Trust on City or County Property Consult us about your loan problems. Nahn-Heberer Realty Go. 3415 S. Klngshlghway FLanders 560O REAL ESTATE LOANS ON HOMES Monthly Payment Plan PUBLIC SERVICE SAVINGS AND LOAN ASSOCIATION 3301 Park Avenue GRand 6668 C H O O S E t h e N e w "AT C O" Heating, System for Your Gives these 7 advantages . Fully automatic operation. Healthful conditioned air. Makes your basement livable. Reduces cleaning bills and housework. Requires no -valuable wall or floor space in the rooms. Gas or Oil burner included, Costs less to operate. (Surrrme.- Cooling- If Desired) Foi n- ano old homes small and la rue hoims. see the New "AFCO Air-Stream Unit' before yon decide. Convenient terms If desired. - Call, Write op Phone Phone JEfferson 0934 AMERICAN FURNACE CO. 2719-31 Delmar Blvd. Visit Oup New Display Room MONEY TO LOAN On St. Louis and County Property HEMMELMANN-SPACKLER R. E. CO. MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE CO. 7TH AND CHESTNUT STS. Buying a Mome IN ST. LOUIS COUNTY? Insist Upon Modern Heat as Well as Modern Plumbing ... GAS It is the thing today! Its use has more than doubled in "St. Louis County since the introduction of the new gas. More people are changing to it every day! Discriminating buyers look for it. Architects and Builders are alert to this trend. They recognize the advantages of heating with gas. You will find it in carefully planned homes of all types and sizes in all parts of the County. If you would like to know the cost of heating the home you may now be'eonsidering . . . call us. We will also tell you about our installation plan that assures satisfaction. , : , OAS HEAT Is a mark of distinction. It indicates that the builder has placed proper valuation upon those appointments which Rive the maximum of comfort, convenience and economy for the investment made. Gas heat is the first step in air eondlUonins. The ST. LOUIS COUNTY GAS CO. WEbster 3O0O HTland 3401

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