The Washington critic., 1890-01-27

movement in the market Prices are
advancing aud siiifening, but new cap
ital, anxious for safe investment, Is
coming in all the time. Washington
presents an extensive field for safe aud
highly. profitable investments In real
estate and this fact is known TO outside
capitalists and appreciated
HopGEs & TEEL-Our prospects are
bright for getting share OF the
prevailing good business and deals in
real estate The season is not as pro
pitious as might be, but notwithstand
ing this drawback we have every reason
to feel encouraged for more business in
the near future.
This firm Is q new one Mr.. Teel is
known on the street as an enterprising
young dealer, being formerly connected
with Thomas j. Fisher & Co and J. b.
Winner Mr. Hodges, his partner, is
nephew of VIM. X. Riley aud has been
his uncle's right hand man for thirteen
years.
G. A. JoRDAN-How about northeast
properties2 Well, l think | am in a
position TO know what is going on in
that section by reason of nv connection
with the Washington Real Estate Com
pany, the largest dealer In northeast
| properties. A short time ago we bought
| 9Sl, 900 square feet of land in Northeast
Washington, contiguous to Lincoln
square. Over 375 900 feet of this
amount have been sold in the past two
weeks. have sold within ten days
enough 10 net the company q profit
Of $35, 900. That looks like
business was fairly good, Ell?
This land brought from thirty ght to
sixty five cents per square foot 1t was
purchased in large blocks. in small
lots, by capitalists, by men of moderate
means, who wish TO build homes. and
represents not fictitious boom, but a
steady, healthy growth. Property north
OF ii street and east of First, which
brought thirty cents last year, is now,
commanding fifty cents. There were
more building permits issued in the
past twelve months for East Washing.
ton than for the remainder of the whole
city.
E. G. CUTTER & Co.-The open win.
ter seems to have had q good effect
upon building operations in the city,
permitting the finishing of many houses
which had been commenced late in the
fall. There is no doubt there would
have been q livelier building season if
the builders had not been hampered by
the railroads in delaying the shipment
of stone, lumber and material. | look
Tor fairly active season in real estate,
indications seeming to point to it.
FITCH, Fox & BRowN.-We antici-
pate good spring business, and, as a
matter of fact, business is not painfully
sluggish even at present. There is con
siderable inquiry for property by peo-
pie who wish to invest, which is a good
indication. We made several sales last
week. Colonel w. w. Flemming
bought nice residence from us, one OF
MI. Schneider's new houses on q
street, between Seventeenth and Eigh-
teenth, for which he paid $15 800. We
also sold Mr.. Percy B. Metzger, treas.
urer of the American Security and
Trust Company, a house for SO, 900 on
Seventeenth, between @ and II streets.
The property of the old First Baptist
Church, on Thirteenth, between G and
II streets, was also dispos ed of by us to
Professor f. NJ Gallaudet for $36 900.
NJ. nj. PARKER Haven't word of
complaint to utter against business.
On the contrary, have reason to be
pleased with the state Of things. Sales
are active and prices are good. There
is considerable foreign capital coming
in for Investment, and ] think this
spring will show u large increase over
| other seasons in the matter of outside
investors placing their money here.
MANAGER CANS, Lansburgh Bros
The indications are that the spring
trade will be very good The people
have kept their money this winter, be-
cause they have not been compelled to
| purchase heavy goods, and it's reason
able to suppose that they will invest in
spring wraps and other articles that
come with change of season. Of
| course the continued warm weather has
had most depressing effect on our
business, but we kept up our usual sales
by reducing the cost, and our profits
were greatly cut. The change Of Ad
ministration no doubt had some effect
on business, but to what extent / have
no means of judging. If General
! Greedy will only give us cold snap of
about months duration il would have
healthy effect on our trade.
K1NG's PALACE-Our business is in
advance of a year ago. The unusual
weather had no effect in our line. as
our trade is mostly regular and not tran
sient. ! believe this year will be very
profitable one. The tendency has been
for trade to increase each year, and
attribute most of our success TO u lib.
eral use of printers ink. During the
past eleven years we've paid ont for ad-
vertising S125, 900, and no money was
ever expended more cheerfully. I said
| just now that the warm weather had no
effect. Well, in one sense it did. 1t
made a run on light wraps, which made
up for small sales in long cloaks.
don't think the change of Administra.
tion has affected our trade.
II. HARRIS & Co.. Jewelers-The year
80 was the most prosperous we've ex-
! perienced since going in business. The
| prospects for busy season are good.
| The weather doesn't have any effect on
| our business. OF course, bright days will
bring out large crowd, and when the
streets are crowded ii means an increase
of trade for the merchants. The reason
We assign for the trade we enjoy is be-
| cause we keep our name before the
| public and because we import our dia-
| monds.
WILLETT & RUoFF, Hatters and
Furriers-We can't tell anything of the
future. We are pining over the past.
The, hat trade with us is always good,
but in furs 1t has been a very dull and
improbable season. The heavy gar
ments we still have with us, but the
light furs and capes sold to advantage.
Yes, the warm weather has proved very
expensive to lis.
SAKs & Co., Clothers and Out
fitters-The outlook for lively spring
trade we consider very bright. While
| our trade roes ahead every wear. vet