St. Louis Post-Dispatch from St. Louis, Missouri • Page 25

ReaLEstate- ST. LOUIS POST-DISPATCH For Sales PART FOUR ST. LOUIS, SUNDAY MORNING, MAY 6, 1934. PAGES 1 14D I MORTGAGE LOANS SUES ON BLUFFS FOR REMODELING IF HE BUY HOME HE MISSOURI HOUSES INCREASE Residences Recenily Sold, Another Under Construction; Business Building Leased id 0. tl, ir i- tt i ts it ie a ir a U.

S. Building and Loan gert H. Lang, Mrs. Elias i. Tj --iliiSilj 1 ft 1 iv muT kAv: Michael and Dr.

Sidney Schwab Purchase Land on Accommodation Road. TRACT IS NORTH OF LINDBERGH BLVD. 1- 4 0 )f a fjf Residence of Richard H. I Design of 9-room Colonial residence being erected at 36 Fail Oaks drive for Mr. and Mrs.

Robert M. Berkley. fS Lawrence T. Steffens, architect. Pfc" 'Jt- 'JML.

Residence at 5801 Neosho street, purchased by William H. Matoushek through the Hartmann-Heinrich Realty Co. Walter F. Hellmich, architect and builder. Home at 7351 Shaftesbury avenue iw nv 1 II II 1 4917 Pershing avenue, sold to Howard Baer, president of A.

S. C. McClunev familv. 10 3 a i i 1 Mary hotter Love, tor the u. 8 3 i League Reports Gain in Six States in First Quarter of 1934.

By the Associated Press. CHICAGO, May 5. A sharp up ward swing in the dollar volume of mortgage loans for repairing, re modeling and building houses is Indicated by reports to the United States Building and Loan League. Figures covering the first quar ter of 1934 from building and loan associations in six states show an increase of 132 per cent over tha same period of 1933 in the dollar volume of loans in this category. Compared with 1932 statistic! from the same group of associations, the 1934 figures represent an increase of 81 per cent.

The number of persons borrow ing for construction purposes during early months of this year has been more than double the number receiving loans from the sanw sources in 1933. From reports re ceived thus far, the Increase has been about 139 per cent. The figures indicate that the amount of the average loan this year will be appreciably smaller than for the last two years. "Apparently the chief demand for credit in 'the construction field is from those who want to repair and modernize homes, rather than from those wishing to build new houses," says the report. "There are two likely reasons for this: In the first place, the cost of construction has taken such a big leap that families cannot generally afford to buy new homes, while they still can see their way clear to take on a comparatively small obligation for repairing or modernizing.

The average construction loan was $2745 in the first quarter of 1932, and is $1800 in 1934. "Secondly, the existing vacancies are still marked enough to causa the thoughtful family to hesitate about building a house. Reports from various states as to percentage of their new loans going inio -construction are another revelation. This percentage is 14 times greater this year than last in the case of one State which stands in the upper half of the list in building and loan resources. "Many others show the percentage of new construction loans to total loans doubled, when compared with last year's performance.

These statistics are evidence of a normally developing demand for renovating and for some new building." REAL FARM BARGAINS! Horn on 25.OH Acrra Oewrlbrd. 256.06 acres, Scotland County, Mo. 8 miles to Memphis, on a public road; lVfc miles to school and church; R. t. and telephone; 5-room house, barn; water by wells, cistern and pond; brown silt loam; lies gently rolling; 120 acres tillable, 30 acres pasture, 106 acres timber; $6000.

15S acres. Stoddard County. 2 miles to Grayrldge; on a gravel road; 2V miles to concrete U. S. Highway No.

60: school and church at Gray-ridge; F. D. and school bus; 6 -room house; 3-room house, crib; watered by driven pumps; black sandy loam; all level bottom land; 118 acres tillable; 40 acres timber. $4500. Out terms are cash, balance la a t4 per cent, 20-year loan.

We have other farm bargains In Illinois. Missouri and Arkansas. No trades. Farms shown on appointment. Tell us what you want.

Address Dept. 13. The Federal Land Bank of St. Louis ST. VOV1S, MISMHHI.

MAGINN INC. 1 A in 4407 -SJl't'lamUS i rrr Residence at 3847 Holly Hills boulevard sold to John J. Bentzen by the Holly Hills Realty Company. ftBxfeSiWmiWjyy Mr imuiiiMMIillllH v.ii.... Waltke in Carrswold, Clayton, Sold to Millard A.

Waldheim. Bert H. Lang, vice-presilent of the First National Bank; Mrs. Elias Michael, member of the Board of Education, and Dr. Sidney Schwab have purchased 10 acres on the Missouri River bluffs, about a mile west of the Lewis and Clark Bridge.

The tract will be divided into sites for homes for the purchasers. The land is on Accommodation road, north of Lindberg boulevard, which connects with North Kingshighway, 10 miles north of the city. It is also accessible by Highway No. 99. Negotiations for the purchasers were handled by D.

K. Bissell president of the D. R. Bissell Real Estate Co. J.

Charles Mueller Son acted as agents for the seller. The consideration was not revealed. Negotiations are said to be pending for four other sites in this section on behalf of prospective pur chasers with ambitious building Dians. it was stated. Vmumb AToeLrAv TCuilHlnv rm Adjoining on the east and overlooking the Missouri River are the residences of Dr.

Elias Fischel and Dr. V. P. Blair. In this vicinity Francis Mesker is building a handsome home on a 30-acre site, while Mrs.

Marie Blossom has acquired a site on which she expects to build. Highway No. 99 forms the north boundary of this property. The residence of Richard H. Waltke, at No.

3 Carrswold, off VVy- down boulevard, in Clayton, has been purchased by Millard A. Waldheim, partner in the New York Stock Exchange firm of Waldheim, Piatt Co. Franciscus-Maginn, with offices in the Wain-wright Building, conducted the negotiations. The purchase price was not announced. English in design, the house occupies a 1.183-acre lot.

There are 12 or more rooms. The second floor consists of five bedrooms, two maids' rooms, chauffeur's room and four bath rooms. The first floor has living room, reception room, sun room, dining room, breakfast room, maid's breakfast room and kitchen, opening on a back porch. Finish is in paneled oak. The interior is enhanced with plaster re lief ceilings.

A three-car earaee Is attached to the house. Othr Houses in Carrswold. Adjoining on the north is the handsome residence of Albert M. Keller, senior partner in the New York Stock Exchange house of Paul Brown occupying lot 4. Lot 2.

unimproved, adjoining on the south, is owned by William Dulany. The residence of Alois Herz stands on lot at the Wydown entrance if Carrswold. Other residences in Carrswold include those of Edward G. Bischoff. George B.

Bullock, Osrar Buder, Mrs. Ella Peters Lauman, James W. Harris, Fred Hume. David E. Woods.

Dr. Harrv Fischer Ixiuis Jackson and I Henry B. Whiteside. Laid out in 1924. all the lots in the addition have been sold except one.

according to Jerry B. Healy, president of the Henry Hiemenz jRealty through which the sub- uiMsion has been marketed. Developed on an elaborate scale, the addition has 11 acres of park, which thp homes overlook. As a site for a residence, John 1-arkin has purchased lot No. 28 in Dromara Road Subdivision on east side of McKnight road.

It comprises 1.546 acres. Hugh Mc-Kittrick Jones was the seller. Albert T. Terry, Son Co. handled the transaction.

ft V. MERCURIO LEASES CITY BUILDING FOR FACTORY Thp building at the northeast rninrr of Twenty-second and Wash streets has been acquired by L. V. iIoicmi0, under a long lease. It he used in the manufacture of SprCo Spaghetti dressing.

Owned hy the city, the building was a fire "ngine house before its conversion into a factory for the manufacture jtf food products. Mercurio has in the food business in St. uis for many years. purchased by Harry W. Becke through the John P.

Dolan Real ty Co. TRACT ON MANCHESTER ROAD BOUGHT FOR INDUSTRIAL USE A tract of 22.93 acres on the Manchester road in Rock Hill, on the Laclede and Creve Coeur rail road, a branch of the Missouri Pa cific, has been purchased by the Rock Hill Investment Co.j headed S. E. J. Sell.

It has a frontage of 460 feet on Manchester, with 1800 feet along the Laclede and Creve Coeur spur. The grantor was the Rock Hill Supply represented by H. F. Schmitt. The tract will be developed' as an industrial subdivision, it was announced by J.

A. Goeke, president of the Holly Hills Realty Co. which handled the transaction. A lumber and planing mill com pany, now being organized has ar ranged to lease five acres as a site for a modern plant. OLD VIENNA PRODUCTS CO.

SIGNS EASTON AVE. LEASE A long term lease has been made to the Old Vienna Products Co. of the entire first floor of the build- ine at Easton and Cozpns. known as 3710-12-14-16-18 Easton avenue. The building fronts 90 feet on Easton.

It will be used by the Old Vienna Co. for the manufacture and distribution of various food products. Harper Realty owners, as well as the Old Vienna Products were represented by the Apex Realty Co. MONEY to LOAN Tn Amounts Up to $10,000.00. On City or County Real Estate.

W. B. SHELP CO. CH. 1238 315 N.

7th St. INTERNATIONAL Residence of Richard H. Waltke at 3 Carrswold, which has been purchased by Millard A. Waldheim. Franciscus-Maginn, handled the transaction.

GLICK COMPANY REPORTS FLAT AND BUNGALOW SALES The Glick Real Estate report having made 28 sales in the past 32 days, including the following. 7315 Dorsett avenue, six-room modern bungalow for Dorothy Meyers to Nina G. Jennings, who was represented by the Easton Taylor Trust six-room bungalow, 5437 Rosa avenue, for A. Garthoeff-ner to Oliver J. Kraft; single five and six-room flat at 5822 Page boulevard for a client of the office to Sidney Frager; 5070 Waterman avenue, a duplex of seven and 12 rooms, for a client to Edna C.

Van Dyne; 1347-49 Hodiamont avenue, single flat, for a client to Henry Hradil; four-family modern flat at 4958-60 Chippewa street, for a client to Adele Garthoeffner; two single flats on the south side now under contract to be closed; six-room bungalow at 4129 North Taylor avenue, for H. W. Becker to Arthur H. Johns; 4861 Bessie avenue. for client; 6221 Wilson avenue, six-room frame' with about one-half acre of ground, for a client to Vito Mazzuca; 3120 North Whittier, four-room brick cottage, for a client to Ralph Hediger; 4126 West Lex ington avenue, five-room brick bungalow, for a client to Clarence O.

Jefferson; single flat at 6242 Etzel avenue, for a client to Blanch Meston, 6738 Raymond avenue, for H. Wagner to Ralph Gilster; 3959 Delmar avenue, nine-room brick residence, for Emma Plummer to John L. Streszewski; 1803 Preston place, and four and four-room flat for John W. Brooks to Mrs. Anna E.

Brantley; 10 acres on Highway No. 77, now under contract to be closed. SALES OF FLATS REPORTED BY A. O'ROURKE FIRM H. A.

O'Rourke, has reported 17 sales of real estate since April 15. The transactions include: 708 Wilmington avenue, 4-4 single flat, sold for William P. Volz: 3-room double, 3302-4 Salena, sold to Florence E. Winfrey; 1619 Ohio, single flat, purchased by Albert Baumann; brick bungalow, 6520 Fyler, 5 rooms, purchased by H. T.

Cunningham; 5633 Lansdowne, 4-room frame home, sold to Henry T. Ess; two-story brick bungalow, 6 rooms and sleeping porch, 5334 Lansdowne, sold for Lulu Walter; 5332 Lotus Csingle. flat, three rooms and for James J. McGovern; 40-acre farm, with house, at Cedar Hill. sold to Ralph L.

Dev- ereaux; 6431 Aiaoama, -o single flat, sold to Robert J. Horn; va- cantv Magnolia and Minnesota, sold for Frank Vanac to Elmer S. Henke; corner single flat, 3931 South Grand, for Minnie Loesch. Sales by J. H.

Armbruster Co. John H. Armbruster 8846 St. Charles road, reports the following sales in the last 30 days: 8830 Argyle avenue, Dr. J.

P. Ruge to W. A. Buehning; 2515 Verona avenue, to Bauman. Undertaking 3702 Calvert avenue, Edward Lee to F.

E. Taylor; 8240 Albin avenue, for Mrs. L. Hyke to client; 2941 Edgar avenue, L. A.

Lincoln to Loyd C. Wright; 4.19 acres on Sulphur Springs road, John Fisher to Jesse M. Nance; 9104 Arline, V. Schroeer to James Copeland; acre and cottage in Maryland Heights. W.

J. Topping to Louis R. Moeller; cottage apd lot in Maryland Heights, Paul Knabe to Edward J. Layton; 1523 Collins avenue, Rich mond Heights, Eleanor Tietzel to John W. Murray Store Building on Park Avenue Sold Franciscus-Maginn, reports the sale of 2732 Park avenue, a store building, residence and ga raee.

fronting 42 feet on the south line of Park avenue, for the Conti nental Baking to Amos Harding. LEASES LARGER BUILDING Building at 1113 South Twelfth boulevard, acquired on a 10-year lease by the International Furniture Company, of Chicago. Negotiations were handled by Arnold H. Maremont of the Henry R. Weisels Co.

Takes Structure at 1113 South Twelfth; Has Operated at Twenty-First and Pine for Year. Residence at Aloe Co by FURNITURE CO (William N. Brown in part pay ment for the Atlas Tack plant at 3014 North Union boulevard. This transaction was handled jointly by Henry R. Weisels company, Isaac T.

Cook Co. and Mercantile-Commerce Bank Trust represented by Edward Byrnes, now with Arthur S. Martin Son. The International Furniture through its local manager, C. H.

Nyssen, was represented by Arnold H. Maremont of the Henry R. Weisels and William N. Brown, the lessor, was represented by L. F.

Boedeker of the Isaac T. Cook Co. The Orchard Paper Co. acquired the property from the late C. H.

McMillan, vice-president of the Mercantile-Commerce Bank and Trust Co. This transaction was handled by T. J. Mullin, then with the real estate department of the bank but now a member of the Mullin-Walters Realty Co. the sixth floor of the Lindell Buildingr 808 Washington avenue, to Joseph D.

Goldberg, conducting his business under the firm name of Style-Fit Garment Co. The property is owned by the Lindell Real Estate which was represented by Arthur Rehfeldt. Yeckcl-Earickson Sales Manager. O. J.

Perrot has been made sales manager of the Yeckel-Earickson Co. He was connected in this ca pacity with the company five years ago. jjky Iwtff ILji tj NEW REALTY FIRM OPENS OFFICE IN BANK BUILDING A. J. Meyer a real estate corporation headed by Arthur J.

Meyer, former manager of the South Side National has opened offices in the South Side National Bank Building, Grand boulevard and Gravois avenue. The new company includes Arthur J. Meyer, president; A. L. Pet ersen, vice-president; Theodore Petersen, treasurer; Hazel M.

Stadler, secretary, and Harry A. Forward, manager of sales depart ment. Realty Salesmen's Luncheon. The weekly luncheon of the Real Estate Salesmen's Association was held last Thursday. The meeting was addressed by McCune Gill of the Title Guarantee Insurance Co, He told of his experience on the Tax Equalization Committee.

One of the Many Itmm in Oar PAINT CLEARANCE Jnfit purchased from Phelan-Faaet Pint large lot Of SEMI -PASTE $166 HOUSE PAINT Use I gal. pure linseed oil to each eal. Semi- Paste and you get 2 gals. high. grade bouse paint.

Reg. $3.00 value. VAN EVENT ER "cS N. A NOT VENTER ifb 7cani 5 6 TO HOMES LOAN FLATS cne.tnnt FRANCISCUS THREE LEASES CLOSED IN COLUMBIA BUILDING The Henry R. Weisels Co.

reports these leases: In the Columbia Building, at Eighth and Locust streets, a storeroom at 720 Locust to Bernard A. Quigley, for a restaurant, for a term of years; the entire fourth floor to the Maritz Watch for a term of a suite of three rooms on the seventh floor, to Festus J. Wade Jr. for general brokerage offices. Other leases: Storeroom, 4906 La clede avenue, to "The Smoke Shop," for a term of years; storeroom, 20 South Euclid avenue, to Rafael and Christ Athanas, for a restaurant; one-story garage building, 2918-22 Olive street, to Jack R.

Bissell, doing business as "Harry and Jack Auto the lease beingg made for Mrs. Lucetta F. Lippman of California. The lessee will move to the new location about June 1. ADOLPH K.

FEINBERG ELECTED SALESMEN'S ASSOCIATION Adolph K. Feinberg was chosen president of the Real Estate Salesmen's Association at the annual election of the organization at the Northwestern Hotel, Wednesday evening. Anthony Feldhaus was elected vice-president, Adolph Schaefer, secretary, and Joseph Koehr, treasurer. SUN PORCHES, GARAGES, ROOFING, ETC. INSTALLED ON YOUR HOME On Easy Monthly Payments Let us modernize your heme.

Sketches and suggestions submitted free. Laclede Construction Co. 4014 LACLEDE AV. CH S359 Broadway and Olive MM In on and real The International Furniture with its main plant in Chicago and branches in Pittsburgh, and Mooresville, has leased the building at 1113 South Twelfth street, near Chouteau avenue, for 10 years. The company about a year purchased the machinery, equipment and business of the Brooks Parlor Furniture at the northwest corner of Twenty-first and Pine streets.

After a year's operation in St. Louis, the company found it necessary to enlarge its manufacturing facilities appreciably. Containing in excess of 50,000 square feet, the building just leased will increase the concern's manufacturing space by 25 per cent. The Twelfth boulevard building was owned by the Orchard Paper transferred it in 1933 to ZEISER BROS. SIGN CO.

LEASES BUILDING AT 4217 N. GRAND Arthur S. Martin Son report leasing the building at 4217 North Grand boulevard together with a large lot for parking to Zeiser Bros. Sign manufacturers of advertising and commercial signs. A new show room will be installed.

Arthur S. Martin Son represent ed the Zeiser Bros, company and the Dubinsky Realty Co. represented the owners. Arthur S. Martin Son also report leasing space on "RECORD BRAND" House Paint Formula Attached $2 Gal.

We invite comparison prire or formula with any ther paint, re-cardlrs of prfc-e. BE SENSIBLE Labor ehargm rapratcnt paint job. Don't ute wast money. That's why all surfaces. this typo Buy at the factory Enamels for any pur pots.

eual-ty. Mamtmr HsadPuarters Sooth Side REIMEKE This Is the Heating System All St. Louis Approves Hundreds of architects, builders and home owners have seen this sensational new heating-cooling system for the home since It was introduced In April. Their verdict Is unanimous. It is the finest heating system and the most amazing value ever offered the neoole of St.

Louis. TO LOAN amounts up to $10,000 choice St. Louis City County improved estate. If you are building a new home, by all means, see the "AFCO" before you decide. If your present heating system needs repairs or replace ment, get the special "AFCO" introductory trade-in offer.

A new" "AFCO" will help pay, for Itself with fuel savings. VISIT OUR NEW SHOWROOM OR PHONE JEFFERSON 0934 AMERICAN FURNACE CO. 2719-31 DELMAR DLVD. (Formerly Morgan OCall Write orrhone for Literature niustrating and Describing the New "AFCO AIR STREAM UNIT for Homes. ABOUT PAINTING three-fourth, of the total cost of the avaraae paint of Inferior auality.

if yoo do. you actually wo. urge you tout Rowor-Boine Quality Paints for of Job lasts many seasons and always looks well. phono us for prices en Paints. Varnishes.

Our prices are LOWER than others for comparable Paint Maker a tor 45 Year for Dutr.h Boy or Eaole White Lead, Linseed Oil and Turpentine ROWER-BEINE MFG- co- lib 3i33 N. 9)h st cE.flTfi.-t Distributor Same Prices as Factory. WALL PAPER CO. IXIZ" REAL ESTATE LOANS ON HOMES Monthly Payment Plan PUBLIC SERVICE SAVINGS AND LOAN ASSOCIATION 3901 Park Avenue GRand 666S 0.