Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-09
REAL ESTATE MATTERS.
Values Here Suffered No Depreciation On
Account of the Money Famine.
Facts That Justify Conscience I'm the
Looking to An Active Market.

With the rapidly growing confidence ir
matters financial which is being fel,
throughout the country comes in local rea
estate circles q steady advance in business
and the belief is general that within one OF
two months time the market here will
have reached that very gratifying state /,
experienced before the recent monetary
disturbances elsewhere in the land made
themselves felt in the District. Whatever
may have been the feeling elsewhere, i,
can safely be said that at no time durins
the past month or SO OF financial uncer.
tainty throughout the country was there 9
loss of confidence in the integrity of the
values of real estate In the District. While
sales have not been as numerous as here
tofore, the fact remains that forced sales
have been even less frequent. The ex
PLANTATION Of such a state Of affairs Ia said
TO be due to the fact that there has been
no difhculty in obtaining money on good
property. The renewal Of loans has beer
at all times an easy matter, those holdine
paper being very willing to continue the
INVESTMENTS IN and that, too. at the old rates
There has been no depreciation Of values
IN any section whatever, and that fact more
than all others illustrates the stability OF
real estate here and the wisdom Of invest.
ing in It,
Speaking of the fear expressed by some
OF the residents Of the District that rea
estate here would be seriously affected by
the recent financial scare, q member Of one
OF the largest real estate firms in the city
remarked day or two ago that the fact
that District real estate had In no wise
suffered during that period OF uncertainty
precluded any doubt as to it's future ad.
vancement. The inactivity noted was, he
thought. due almost as much to hot weather
as 1t was to the financial situation No,
only did the business Of his firm show q
most gratifying daily increase. but the
same report came to him from othel
Arms here. and with the return to the city
from their usual summer outings Of those
commanding money he had no doubt OF
the customary fall business in real estate.
Building Notes.
Matters in the local building world are
yet somewhat quiet. few permits being
taken out But as money becomes easier
and 1t is becoming more SO daily, 1t Is be.
heved there will be q renewal of the activ.
ity noticeable during the early part Of the
spring. Such is the opinion Of those best
acquainted with building matters. They
state that there Is no real scarcity Of funds
for such purposes. but that operations have
simply been delayed to await the outcome
Of the financial disturbance Just passed
through.
F. H. Litchfleld is building a brick laun-
dry at 1240 Half street southeast.
Ground has been broken for the erection
of two small brick dwellings at 12R and
1247 25th street northwest for Stephen Bran
son.
NJ. A. Muck is building two small brick
dwellings at 2214 and ZIG 9Th street north
west
H. F. Get is building for T. v. Smith a
neat three-s ry and basement brick dwell
ing at 6Ao East Capitol street.
Mr.. c. Day is building q small two-story
brick dwelling at s1s 1st street northeast.
Benjamin Kidd Is building q neat two
story brick dwelling with all modern i'm
provements at 1916 South Capitol street
The lower part of the building will be used
as a store. A. T. Bache Is the builder.
The Potomac Brick and Tile Company
will. 1t Is announced. construct q water
power plant on the c. and o. canal Just
west of Cabin John bridge in Montgomery
county. Nd. at q cost Of $4,000 The plant
Sewer pipe inches and less. drain tile and
electric wire conduits will be also a part OF
the output. Williams & Hanks of this city
have the contract for the machinery and
expect to have the factory in operation in
about five weeks. This company was incor-
1898. and has as its present officers the fol-
lowing: H. p. Gilbert, president; e. p.
Berry. treasurer; H. p. Simpson, secretary,
and A: F. Barker, general manager.
Builder VIM. 8. PLACER will erect three
two-story and basement dwellings and q
street northwest near North Capitol at a
cost Of about $1,000. They will have dat
fronts OF press brick and Ohio stone slate
msnteis: iatrobes. speaking tubes. etc.
c. I. Havenner proposes building a large
two-story frame stable at the Benning, B.
most approved stable fittings. An addition.
al one-story will be erected for use as an
exercising shed. The plans have been pre.
pared, but no contract let.