Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-17
The Presence of Investors and the
Effect on the Market.
PROPERTY OFFERED At PUBLIC SALE
The improvement in the Street
Railroad Facilities of the City.
SOME IMP ROW E M E n T S

tanned, yet the attendance and the interest
manifested, as well as the decreasing pro-
portion of the Withdrawals, indicate, 1t is
thought. a healthier condition Of the mar
ket Owing to the lack Of interest In prop
erty investments, as we'll as investments OF
all kinds, which is a characteristic IT Pc
RODS Of financial depression, there had been
for some time prior to the fall months
practically no market for real estate, even
when offered at public sale. The renewed
interest in this direction Is looked upon as
an evidence that investors are again In the
market. 1t il expected that this awakened
attention, or, as perhaps 1t may be termed,
the revival Of confidence, will continue
along broadening lines. AS has been noted
in this column, there have been during the
past few months substantial evidences of a
renewed vitality in the market, and, While
the business has not developed into the
volume enterprising dealers desire, still the
Improvement is a marked one, and 1t Is be-
lieved that the present conditions furnish
a basis for a hopeful outlook. Even In The
best of years the fall business Is not very
large in extent, and this year, Of course, Is
| no exception to the rule.
Active Dealing In Property.
There is another indication of the revival
of interest in real estate as an investment,
and that is found in the demand for real
estate notes. This form OF investment
ranks very high in this city, and there Is
no special importance to be attached to the
statement that they are still in favor With
the investors, except as showing that mCn-
ey, which has been kept withdrawn from
Investments of all kinds, Is now turned IN
to an Understanding channel AS every
one knows who Is at all familiar with
financial matters, the advance from what
may be termed a conservative policy to that
which enters into the more spec ulauVe
domain of the market is a slight one, and 1t
may be expected In the near future TINS
step will be taken, and that the activity
will be impaired to the market which de-
ponds upon speculative movements. The
local meaning of real estate spec ulauon is
not the promoting OF wild and visionary
schemes, which are so often the features
of real estate transactions elsewhere. 1t
simply means here an active dealing In
property based on careful and conservative
judgment and the presence in the market
of large class of investors who have an
abundance Of money at their command.
Street Railroad Facilities.
The Improvement in the character of the
street railroad facilities is making steady
progress, even though, in the opinion Of
many, such progress may be rather slow.
A change in the motive power is being
made on the Columbia Railway, and some
time next year the patrons Of that road
Will enjoy the advantages Of the more
compared with the horses.
Pending a change which the Metropolitan
railroad intends to make in its motive
power by the substitution of the under
ground electric system OF propulsion in
place of horses, the company has equipped
the F street branch with new cars of
modern pattern and has Quickened the time
schedule. Under the present schedule there
is saving of some tive minutes, COM
pared with the old.
The new branch of the lexington road
through East Washington to the IL street
depot is in operation and the residents of
that section are enjoying these additional
facilities.
The lines in operation by the Brightwood
railroad give a street line connection be-
tween the city and the Soldiers Home. as
well as with the important suburban sec
ton in and about Takoma Park.
The erection of depot at the entrance
to the AQueduct bridge and the extension
Of the Washington and Georgetown rail-
road will furnish valuable connection
with the projected railroad which Is to run
across the bridge 10 Arlington, and also
the one that is talked Of to run to Great
Falls. There is no doubt that in the course
Of few years this city will have as good
street car facilities as any city in the
country, and 1t will be in this respect, as
we'll as in many others. a model TO other
places. Fortunately, Washington has es-
capped the infection of the trolley within
the bounds of the city, and it will there
fore not have to enter into the struggle to
get rid OF that municipal nuisance.
Some improvements.
w. f. Chandee has had plans prepared
by Joseph c. Johnson, architect, for a
store and residence building. to be erected
on 14th street between N and Q streets.
The new building will be three stories in
height, 20X54 feet, and will have a front
Of press brick and brown stone. There will
be galvanized iron bay window terminal
ing in a balcony.
street between 9TH and 10th streets by DIR.
A. Behrend, from plans prepared by G. A.
Didden, architect. They are to be three
stories in height, 16xGO feet. with fronts
Of press brick and stone trimmings.
Cabell &c Dougherty will erect ten dwell
ings on Willard street, each three stories
high, 1SxGO feet, with fronts Of press brick
and stone trimmings.
near P street by John +. Waggaman. They
are to be four stories in height. Charles
e. Burden, architect prepared the plans.
d. b. Gotwals will build two houses on
streets, which will be three stories in
height, 17X35 feet The fronts will be built
of buff brick, with stone trimmings.
Building Record.
The building inspectors record for the
past week, ending yesterday. shows that
twenty-three permits were taken out for
the erection of new buildings, aggregating
i
sections Of the city as follows: North
west, seven permits, $4,000; northeast,
eleven permits, $1,000; southeast, three
permits $l7,1O0; southwest, one permit,
1000; and the county. one permit, $1,000.
Notes.
Messrs. Rogers & Priest have planned the
erection Of three brick dwellings at num-
bers 1926, 142S and 143O yelling place, CO.
lumbia College Grounds. They are to be
three stories high, with cellar, and 16.Sx15O
feet. They are to be built of pressed brick.
l.. +. Gardner is the architect.
The inspector Of buildings has issued q
permit to Robert Portner for the erection
of four-story fiat at the southeast cor
ner of 7th street and Virginia avenue
southwest. 1t will be built of pressed
brick, 100. 5x67 10 feet. The lower story will
be used for store purposes. c. A. Didden
is the architect and Francis Blundon the
builder. Il
Henry Steinberg will shortly erect a
store at 1905 e street northwest. 1t will
be 22x37 feet. G. r. Jones is the builder.
G. P. Haskman has commenced the erec-
ton Of a frame dwelling on Both street be-
tween v and w streets 1t will be built of
brick, and will be 18x2S feet.
Mrs. Mary e Donohue Is erecting at 14O5
F street northeast, a pressed brick DWELL
ing. It Is to be two stories high, and will
he built by r w Roltz