Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-02-06

$~,.N' Looked upon ~ final by
mon whose judgments
were highly respected has not only been ex-
ooeace. but prices have gone uav beyond. In.
irlces asked aud obtained today for ,,rop.r,v
If even suggested some live or SIX years AGO ns
remote possibility would have been sufic,ent
to have stamped the bola prophet as a man Of
I.' "'"' uH-"unanoss A case m point Il fur
~ -hed by the record II deed made during
TIE past week. by tins document Ir. Il II
Sewers becomes the owner Of a lot nj tie
snu.nNest corner OF 10th and strcets
ne lot has frontage Of hfty-two
icei on leth and a depth at 100 feet aud ia.
lr.ee paid was sac per foot In lsS6 this
same lot was sold the consideration named
nslnE - per foot Since then the prx,crty
ms changed hands number OF times aud each
transfer has been al an advanced figure I'm.
case as ouly typical ouc however 40 a similar
I"tIo 81 Increase Applies To property IN all sec
ti"ns az the city. Only n lev We he AGO IN.
io' al 'ht southwest corner OF 10th and streets
was purchased oy Mr.. H. l.. Shear of Califorms
II h'-htr pIice than Was paid tor the ONO
-it" corner. Both these corners have 6seu
! purchased with the intention OF building
'"uS. = ANA while ibr. Sewers NAV not build a
once YET hc wisely decided to secure a choice
location lotor, the limit OF Selection I'm certain
..s'--ttiys t'CGisc too restricted I; wgs prole-
-. "t'L uals lG'a that Mn. Jusiic. Brown. soon
| - nc "As appointed on the supreme bench.
| '..le We owner OF building lot at the
/ HotthNest corner oi 10th and kiggs Etre.ts
ms lot Is tAloO feet and the nee maid hy
Judge Brown WAS about :, - Ter fuot. m. in
Nh,'s. II II said. To ereCta hne residence there
ih Tie hear iuare.
Hl"H-TRICED PROPERTY.
1t is possible tina, So or 80 Ter foot for resi-
Genoe property may continue To be regarded
I as top figure Tor some tiua, vet L. come hut
! II would hardly be safe to saV hat the linn, n
Value had been reached. There Is no reason
/ to suppose that real estate yaiu,s will come 10
sLtndst'l IA tia, cay auy more than I'm any
| other city. There H. no citN IN tul- country
! where Tie limit al the rise IN values has loen
ieacAed.aaa certainly there Is No place that has
| brighter prospects than Washington. Ii Is
likely that Llgh-prioed property NAV lie
I theh OUT OF The Speculative market. ar the
! FRONTS IN handling AZ 50 great as
| is the case with low-pr.red lrupertv
some claim even now that resi- ieEce property
/ Is too high. hut at the same time the TACT Is
noted that II Is being bought up and residences
| are erected IL l. safe 40 conclude that with
! real estate. az with every other commodity the
! value l. what II wall bring. a. excessive prices
| are askoG then prospective purchasers look
| ABOUT 10 ma property that 4, offered a moro
| 'eaaOnabe ngure and the holders Of tie fancy
priced property must bc able TO wait uutll the
market catches up with their estimate Of yalues
| The most motto, au.e feature of the real .stat.
| MARKET I, the erection OF houses OF modern
1 HlZa- lie demand Tor homes uf tins character
| IL attributed MAINLY 10 the increase IN the pop
| ulat.on. although 10 some extent tlle new
| houses are taken By people Who have beea liv-
| ng IN resl"e,.ces that have been built Tor suIne
years and 10 not have the saline advantages and
! facilities provided IA the new houses. A. how
! ever. the rcccatls-huIit houses were only IN
! demand 10y those who are Residents and there
| were lao additions TO the population II would
/ he founa mat there would be con-
| siderable falling OF IN building. The same
| principle Is illustrated an tine office build
| Ings. 1t Is salG that new Office building draws
| from the Old ones. aud while tins may he true.
Vet II d only partially true, nspeo ton will
| show that not only The odd buildings are occu-
! pied. Dut the rooms an buildings that have ONLY
| been adapted for office purposes and lack
many of the facilities of modern Office struc-
lures have a full quota of tenants.
| As acENrER OF LEARsINa
| The movement that has been started with the
| view of removing to this city the Lutheran
! Theological Seminary now in Gettysburg has
| by no means been abandoned The friends Of
the institution look upon this project with
\ favor. the selection of "A site forms an inn
| portant element Ia reaching decision, and
| while several locations are under considera-
tIon, Yet no definite conclusion has been
| reached. 1t is believed that the interests of
the Institution will be advanced by its removal
| to this city, not only IN the increase IN the
number Of students but by the prominence
which Will he given II 10y its location in a place
| oi such national Importance tins city has
become. The advantages offered here tor in
| stltutions of learning have, as Il well known,
been fully recognized by the recent
ton in selecting locations in this vicinity for
I the proposed Methodist University and the
| Episc0I al cathedral. The Catholic University,
| which started a few years ago with only a theo-
| logical department will soon have a suitable
! building for its IAiloaop hical department The
| erection Of that structure will be begun next
spring. and no doubt the other departments
! provided for in the scheme of this institution
! viii soon be provided with the necessary fscili-
ties in the way OF buildings
THE EXPANSION THE CITY.
Recently large block of ground in the new
subdivision adjoining lie Droit Park on the
east WAS purchased by syndicate represented
by Barnes * Weaver. Ii IL the intention OF the
I purchasers to erect a number of houses on this
/ ground as soon as the streets opened aud
graded. The owners of this subdivision intend
when the weather permits 10 begin
] tenslve series of improvements. The streets
Will be opened through their property from Le
Droit Park and north from the bounds Of the
city TO the site of the proposed reservoir. A
few Years ago lie Drolt Park IN the sub
I urbs but now 1t has become part Of the city
and rows OF brick houses have been erected TO
| accommodate the demand for homes This
I locality, as well as tie greater portion Of the
sub ..rDs Immediately adjoining the northern
boundary OF the city, affords striking evidence
OI The city expansion. The houses now being
erected are butt of brick with party W lis and
IN other RESPECTS precisely similar IN character
! TO the ho1sas put up within the limits of the
/ cltN- those VINO prefer the roOmluess OF tne
country will be obliged to move further away.
The advance in the limits OF the city is very
| apparent sad those who are blind to any other
evidence of the clty's growth might with prott
| look on the signs of the times viewed from
| the northern bounds Of the city.
some NEW HOUSES.
Mr.. George w. Kern has commenced the
erection of three two-story and basement
houses numbered 81, 80 and 80 street
northwest They will be Drown-stone and
| pressed-brick fronts. containing eight rooms,
with all the latest improvements, and
| finished in natural wood. Mr.. Edward Kern u
| the architect and builder.
Several cottages are TO be erected AZ
North Laurel Among those who viii build
! Immediately are Rufus II. Darby Of this city,
4. = Judge editor OF the Baltimore Free Press;
n A Locke and C. y Nor;hrup of Baltimore.
J Gordon & Bro. Of this city have IN course
OF erection house for the occupancy OF one q
I the irLa-