The Sunday herald and weekly national intelligencer., 1891-08-23
THE DULnNEss CONTINUES.
Buiids RS and Real Estate Agents Do Not
Expect 1t to Last VI nch Longer.

Buiids RS and Real Estate Agents Do Not
Expect 1t to Last VI uch Longer.
Although two or three iarge transactions.in
real estate have been recorded during the past
week, real estate ageLts still complain of the
almost total lack of business, and many of
them have taken advantage of the inactivity
to leave the city for their summer vacation.
But though the market is dull prices remain
steady and firm and all the sales made show
that steady advance in value which real estate
in all sections Of the District has exhibited
for several years. The dullness, however,
is not confined to Washington alone, but ap-
pears to be general throughout the country.
An exchange states that the figures of the last
six months In New York real estate transac-
tions, as summarized by the Real Estate
Record, show q falling off as compared with
the same period last year, the number of con,
veyances being 966 and the amount involved
being $40, ,196,677 less. The reasons assigned
for this decline are financial stringency, labor
troubles, etc. The decrease in value of trans
actions for the past six months at Chicago was
over $10,000,000. The same Influences un-
doubtedly affected business In Chicago as In
New York. In addition the reaction resulting
from over speculation, induced last year at
Chicago by the location of the Worlds FAIR
has tended to injure legitimate real estate
business in that city.
The inactivity here, however, Is not ex-
pected to last much longer, as the usual fall
boom will begin before great while, and
then the real estate dealers will once more
have their accustomed well-to-do appearance
and wear a contented smile. The largest
tran of tho waalr xxoa tha - r.,
Chaplin Brown for $780, of parts of Slip
perry Hill, Mount Pleasant, and Pleasant
Plains, known as Ingleside and his convey
ance of the same to Mr.. Charles A. Bauman
for the same consideration.
Building operations were even more fiat
during the past week than the previous one
The decrease In the number of permits issued
and the amount OF expenditure they entailed
is considerable. The record for the past three
weeks is given to show the extent to which
building operations have fallen off during that
time; First week, 81 permits for the erection
of 103 buildings to cost $196, 800; second week,
IL permits for 36 building to cost SIS 200;
last week, Is permits covering the erection of
"a houses to cost Sal $50. None of the houses
for which permits were Issued during the past
week were expensive ones. The permits cover
the erection of 3 buildings in the northwest
section to cost $4,000; 2 in the southwest sec
tion to cost 81 ,S00 8 in the northeast section
to cost S., 100; in the southeast section to cost
$13,S0O, and In the county to cost $3.50.
~- s--
The Southwest Section improvements.
1t understood that syndicate has been
organized in South Washington for the pur-
pose of purchasing the property at the corner
of Virginia avenue and Seventh street south
west. Upon this property, it is SAID, there is
to be erected handsome three-story building,
with stores On the Seventh street and Virginia
avenue fronts, and public hall on the second
floor The third story will be used as lodge
room or meeting place for societies.
Two Trains THURSDAYS to Island Park.