Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-09-17

G ,SsNw. ing. There is plenty Of
LE~-.zs activity. but somehow
Il IL not Of q specially money-getting kind.
What ID will result in mains to be seen. There
Il no doubt that money will be made here DUR
ing the coming week. but whether il will stay
IN the city i problem. Certainly the attrGc-
tious Of the city will serve a. an advertisement
Of real estate, and those who find them
selves with a cash balance at the close
Of encampment week viii no doubt appreciate
the advantages Of an investment in Wa hington
property During all the weeks OF prepare
ton, that has absorbed a good deal OF the time
AID attention Of the citlz ems. building has gone
right or. and each week h.. added to the list OF
new improvements A remarkable proportion Of
the new buildings have been houses ard some
times wonder l. expressed that many new
houses built. Bot the demand for houses
90 ren. and buy continues it Is not so wonderful
after all Certainly men are no. building
hOu-es merely for the amusement, and IL the
prospect stared them in the face
that the houses would remain vacant
u would have an appreciable effect
on building operations. Bat the fact
J. thu; there i, resil- demand for houses. and
This condition OF affairs cannot be accounted
for on the usual ground that people are leaving
old honses IN order to 20 into new ones some
other eN lanati1u j. in order. This il clearly
found in the growth o. the population. which
each wear seems 10 b. gaining n greater per-
centEse ihnf the wear before There IL the
natural increase from births. which i. consider
able in popaia.io.. now numbering more than
quarter % million II souls. Then more
people are comm; here. at:rac ed by the ad-
vantagos which this city offers as place Of
residence and as place OF business.
THE EXPANSION OF BUSINESS.
The latter consideration IL OF greater conse-
quenee than most people imagine. The idea
- generally entertained hat Wa hingion is not
business place ought to be radically modified
before n correct conception of the business in
terests of the city can be gained. In the bust
ness section of the city il is hard to find an
eligible STORE room uEOccuIied. In spite of the
Increase in facilities Of this character, the sup
ply has ONLY kept pace with the expansion and
growth There are larger and better stores
than there were a few years ago and there Is an
increase in the kinds Of business that are car
RED on successfully A larger and more varied
stock l. found ia the stores and The facilities for
shopping are quite equal to those found In
cities that have more pretensions 10 being bust
ness cities than Washington. AL
this change has direct bearing
on the real estate market. for il makes firm and
secure the values which have been fxed some
what IN anticipation OF the actual increase In
the business Of the city. Ii is not too much to
saw that the expansion Of business was foreseen |
and resulted liz the activity in business proper
ties that excited so much attention two years |
ago. There II some indication Of a revival in |
interest in this class Of property. II is not ar
ticipated that this will be merely in a specula-
tive direction, but that it will be in the line Of
substantial improvements which will add to the |
present facilities and aid in the progress which |
Il now 50 well advanced. There is a good deal |
Of property in the business section of the city |
that has not as yet received perma nent i'm |
provements. There is no doubt that these viii
be made a. the prospect of a sure market be-
comrs more certain Gradually one building
after another viii be erected and as the demand
ON the part OF prospective tenants continues
the improvements will go on, and then il will
be clearly seen that prices which have seemed
O. y" rather forced represent the actual market
values
RATHER srALvARr RuMoR.
A topic Of talk to a certain extent in real
estate circles during the past week was the
rumOr Of a large purchase of property on one |
Of the leading business streets. The purpose /
OF the purcha c. rs stated. was the erection of a
large business building. the entire investment /
90 represent an expenditure OF half
million o, dollars. As has been stated. this is I
. mere ru-nor and it l. not known whether |
there sny good grounds for it. But whether !
II l. true Or not the fact that rufnor of such |
Iroportion- j. in circulation j. evidence of the
degree OF attention which Il paid to property
in the bushes section of she city. KumOIs
are ALWAYS sboGt matters which more OF less &C.
cupy the public mind, and while thew some
times start nom veTy sisuder foundations yet
they generally have some fact 20 90 on.
The activity in building operations .; The
termini OF The new cable road ia Georgetown,
East Washington ard NJ the foot ard head Of
9TH street shows he advantage II rapid transit
on street railroad iines. There l. mere build
il.- in Progress uOx IN Grurgetown on Column
b.a Heights and vicinity and IN Lc DrOi: PARK
and that LEGALITY than ever before. There IL
also a marked change III this Particular in the
eastern and southern sections % the city. Com
rngnities have sprung up all aloag the line OF
the lexington railroad bey ona the city limits
~hils the population along tina, road within
the limits Of the city has largely increased
Evidences Of the same tendeucv are already
noticeable out the 7th street road, where
active work Is going on in the
construction of new overhead electric rail
road- The ZANE - true of tn. region oDened
mp bv the Georgetown and Tenlcytown road
and the renleytown and Rockville road The
Rock Creek rairoad. which was formally
opened tins week. will no doubt give n finlillr
impetus Ia improvements al along the line
IL Il evident that rapid transit Is needed in this
city to enable the Overlooking population 20
find homes AZ moderate prices. Tie tendency
In cities so marked In modern times Il toward
the suburbs In all great cities u large per
cen'age OF the people make their homes in the
suburbs where their children can grow mn
under the more favorable conditions Of lie in
the country. Vow that Washington has become
. great city the same tendency j noticed here.
which accounts for the great expansion Of the
suburbs. Rapid transit railroads are already
an important factor Ia this movement aud i. Is
safe TO say that some form Of rapid cornrnuuics.-
ton with the business ceater l. a necessary con-
dition of any substantial growth in population
outside OF the urban limits. It means more
room and cheaper homes. aud that Is what the
great bulb Of the population of a city needs and
demands.