Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-02-04

e saS3SS&&rSa tuan mere nope. IL
AAE~I amounts to an abiding
confidence that the
--s coming season is to be
one Of great activity,
not only In the demand for property, but in
the progress made in those substantial improve
ments which indicate general prosperity and
growth In population. 1t ia expected that after
things settle down under the new administra-
ton that people will find time to turn their at
tention to investments in real estate. The
arctic weather Of the past month or so has not
been favorable to realty transactions but now
that real estate is no longer covered with snow
1t is receiving some of the attention which the
dealers. at any rate, believe its importance
demands. The building activity. it is thought.
will be as great as it was last year. and when
1t Is considered that last year more money was
spent in stone and brick in this city than in
any previous year in its history 1t will be a
great record to maintain the pace which was
then set. There is reason to believe that there
will be good deal of attention paid to sub
urban interests this year. Already in a quiet
way good deal is being done in this direction
and large tracts OF land are being syndicated
with view of taking advantage OF the demand
when it does come.
STILL REAL ESTATE BOOM.
Mr.. Cleveland. as a real estate boom, is still
tenth of the places that have been confidently
mentioned as having been selected as his coun.
try home he and the rest Of the Cleveland
family will be on the move for the greater
part OF the time OF the coming four years.
Fate. as indicated by the prevailing rumors in
real estate circles, locates him on the 7th
street road more frequently than anywhere
else. Other localities come boldly up to the
.cratch and manage to get in their innings. but
1t IS only for short time, when the It'll street
70 d is again to the front. This enterprising
20 ivity has led to pleasing interest in prop
erty in that locality, and some surprising
schemes are discussed. There is not exactly a
mad rush for property in that section, but it is
almost equivalent to it, and it will not be re-
markable if the bulk Of transactions in suburban
property during the next month or SO is
in this locality. However, population is
going out there any way. and the
Cleveland boom is only giving a little impetus
to the movement As far as known Mr.. Cleye-
land has not digested the bulky correspondence
he has from real estate dealers and owners of
property sufficiently to enable him to make up
his mind In what section Of the suburbs he
intends to repeat the experiments Of buying land
FOR 500 per acre and selling it for $1,000. 1t
may also be added that there is no unanimity
OF sentiment on that point in real estate circles
Some are confident that he would be able to
achieve that end by investing in property on
the other side of the Potomac. Then there are
%
others speak good word for Bladensburg, and,
in fact. there Is no locality that has not its
advocates. Mr.. Cleveland is not in
all cases advised to buy property.
Some are Of the opinion that he should le ,se a
desirable country place. There are enough
who take this view of Mr.. Cleveland's duty
toward the real estate interests, Of the city to
give him the pick Of the finest country places
in the vicinity Of this city. The rentals asked
are extremely moderate. which induces the be-
lief that Mr.. Cleveland's occupancy of a place
merely tenant is looked upon as of yalue.
1t Is evident that Mr.. Cleveland is gradually
collecting material which would furnish first
class history Of real estate in this city for the
year 1928. and perhaps when he retires from
pubic life he may set about the task of writing
such history. 1t is not believed that he will
make any other use OF the information with
which he has been so beautifully supplied, a.
there is a growing belief that the home Of
Gray Gables will answer all the needs which
the President-elect and his family will have for
place in the country for the next four years.
THE DEMAND FOR FINE HOUSES.
However, whether Mr.. Cleveland buys prop
erty here or not the prosperity of the city will
continue. There has perhaps never been q
time when there has been q greater demand for
fine houses than just now. Dealers who have
property OF this class will tell you that they
have commissions from wealthy men to secure
il is thouebt will he connec,ed Nth u ths nor
administration in one way another. Others
inst as neonle Of This class have hasn in IN.
habit Of doing in constantIv irc-eos;ro nm.
hers for several vears nast A s;aniticsnt "a.
in This conrection i, .be da.;s;on 20 W.. p;
dent Morton not to sell his home on Scott cir
Gle. inns means that at the close OF his official
S sSsm, ;, msaad oi gong 20 New tork 70 spend
Nc -. =.
o 90 noo -. -.
o'e1 s'V'ooo 'or Single ouiioing site ls
rather q round sum to expsnd for such pur-
pose. That Ia Whist Senator Quay paid for a
lot on x street between 18th and 18th streats
the other day. As stated in THE star. es.
cited no particular Comment. "a snch transac.
tons are bv no mean, unusual NJ Letter
paid more than twice tina. ann FOR the orornd
on which his house il located and there are
quite A number of buildino lots NOW adorned hv
handsome residences which renresent IN tha;,
owners amounts in ave fieures. As Senator
QUAY intends at once TO begin the erect;on 81 .
fine house on the ground be has lust purchased