Evening star., 1894-01-20
REAL ESTATE GOSSIP.
The Market Feels a Little Perk,
and So Do Dealers.
SIGNS OF BETTER TIMES MULTIPLY
Money is Plentiful and Confidence
in This City Abundant.
SOME ROvEMENTS

SOME ROVEMENTS
There has been a decided Improvement In
the feeling in the real estate market re-
Gently that is very noticeable ana is favor
ably commented upon by those who are
concerned in this department Of the bus
iness interests of the city 1t seems to be
generally admitted that there is an upward
tendency In the market and that slowly
but surely the point is being reached when
IL VIII be possible to speak OF an active
condition OF the market without running
against the accusation that one is talking
ancient history. 1t is claimed that the con-
ditions are favorable for a revival of bus
mess here even before such a movement
reaches other portions Of the country. 1t
Is asserted that the effects of the period
OF depression through which the country
Is passing has not been 80 marked here az
In most cities for the reason. among other
considerations that there has been no
shutdown or reduction In the government
departments, and government work Is the
! leading industry here. IL IL may be 80 class
ed. On this account the amount of money
In circulation has not been SO seriously
DIMINISHED as II might have been under
other circumstances.
1t is also an advantage that in the liqui-
dation which has been so general through
out the country real estate here has not
been affected. There has been, Il is true, no
market for the sale of property, but such
is the substantial character of this form
OF security that during this period Of trial
real estate values have been absolutely un-
impaired, and today prices remain the
same as at this time last year. when the
market was more active. Property has
not been forced on the market. and the
a. Of t.ar DfxRa 49, ~
same limitations as in normal times.
The Conditions Normal.
1t is true that real estate has been Of
fered at auction, and that there have been
trustees sales. but 1t is estimated that the
number has not been more than is usual
at the time OF the year. The sale Of prop
erty at auction has been slow, as at rri-
phase OF the situation that all along. just
as is the case in flush times. property. as
rule. was withdrawn unless the highest
bid obtained was acceptable to those order
ing the sale. In other words. property has
not been sacrificed as IL is when n Is
thrown on the market to get what II will
bring. without much regard as to what
that may be.
Quite a good deal Of property has been
sold at auction. but IL has been mainly
small lots. the purchase OF which did not
This latter consideration, which has so
largely prevailed In the sale OF property. II
important. because II proves that the con.
dition Of the realty market and the lack of
activity has been due largely to the di~i-
Guilty in getting ready money. Certainly
that has been more OF a controlling motive
than any loss Of faith in the desirability or
real estate as an investment The fact Is
that Washington real estate tocay has
emerged from the financial trial OF the
year higher in the estimation OF conserva-
tive investors than Il ever stood before
This furnishes in part the basis for the
hope. entertained by many. that the be-
ginning OF a brighter era has dawned-
Waiting for Investment.
II Is recognized that money Is now plen-
tiful. in the sense that it is heaped up
in the vaults OF banks and trust companies
awaiting a safe investment or a safe time
for Investment II is also known that
money can be had now In abundance Tor
loans real estate In this city ana that
trust companies and capitalists In dinerent
portions OF the country are GLAD TO ees
loans in this city. With this substantial
evidence OF the belief In the desirability
Of property here at the money centers or
the country, and also the knowledge OF the
large sums that are lying idle waiting for
investment, II il not unreasonable TO be-
lieve that there will be a great innux OF
capital into this city and that improve
It is not asserted by men who are IN
terested in this city ana who are lam lamiiias =
to be a great boom in the spring. that
will begin with the opening of the season
and continue right along and that all peo-
PIE will have to do is TO enjoy the prosper
ity. All that is claimed. IL is believed. is
justified by a sober consideration OF the
Perceptible improvement.
In this connection the Government Ad-
vertiser has this week the following:
There is a perceptible Improvement m
the building trade Architects are get
ting some good commissions. many are
making preliminary sketch plans. while
several operations OF magnitude are being
close OF the present month a few good
sized buildings will be commenced Money
for building purposes is not dificult to OBJ
tain on good security"
The Building Record.
The record Of the building inspectors
Office for the past week shows q total Of
three permits issued for new buildings ag-
gr.gating in cost 5000. There were elev-
en- permits issued for repairs aggregating
in cost s.. $50.
st. Andrews Church.
Plans are being made by several archi-
tects for the main portion OF the church
edifice in ST. Andrews p. Z. parish. l4th
the vacant ground on the 14th street front
1t is expected that arrangements will be
completed so that the work OF building
can be begun about April 1.
Proposed Apartment Houses.
1t is now announced that the excavation
for an apartment house, which Mr.. T. r.
Schneider viii erect on Q street between
18th and 10th streets. will be begun next
week. 1t is also said that w. z. Schneider
will soon begin the erection Of an apart
ment house at sos 18th street
Some New Buildings.
block of seven two-story six-room dwell
ings will be erected by C. NJ. Towson. from
plans prepared by J. C. Johnson. architect.
at ~ and Princeton streets. They will
have fiat fronts Of press brick and brown
stone and will be provided with latrobes.
cabinet mantels, electric appliances. &c.
The same architect is making plans for .
two-story and basement dwelling that Mrs.
s. w Willard will have erected on East
Capitol street. east of Lincoln Park. II Will
have base and entrance porch Of brown
stone. square bay copper cornice. hard wood
trim and cabinet mantels.
John w. Towers will erect two-story
and cellar dwelling on ID street between
,o.b and nth streets southeast II will have