The evening times., 1898-11-26
Revival of Confidence as to
District Property Values.
RENTALS DURING A WEEK
Price Of the Lot for the New Riggs
Bank Building.
Deals i'm Prs.-sress for the Purchase
OF Land to Build Homes iG
the Suburbs.


week has been unchanged. There have
been several small transactions, generally
at comparatively good prices A number
of the larger furnished houses have been
rented for the winter. The number of or
binary rentals has been large though
perhaps not as great as during the Octo-
ber weeks The number of inquiries for
PROPERTY and for houses for rent has
been large and is probably increasing.
There have been number Of loans made
and a large amount Of money is ready
for any one who wishes 10 borrow ii.
Money is very cheap, probably the most
encouraging feature Of the entire busi-
ness situation, as this must inevitably
lead to building and new enterprises gen
orally.
The opinions Of real estate men, archi-
tects, and builders are almost uniformly
optimistic, though it is acknowledged
that there has been as yet very little IN
,Iease in business except in rentals and
loans. il is very thoroughly believed that
The coming OF new people and money to
The city, the revival OF confidence IN the
times in people already here, and the un-
GpHttCUlA SDoN EtlAttas b-lN4ll'''F2 h'-AA ANaANA
10 investment in real estate and house
building
II lnay be said iruthfuly that number
of important safes OF real estate, Cspe-
ciany i'm the suburbs, are now nearly con-
summated and viii probably be made in
the course Of the next month. The same
is true OF building operauons-lt Is known
that one wealthy Washingtonlan Is ne
eotiating for several adjoining pieces Of
. h1fa.fa h. ore
4 me suburban home during the coming
year. A syndicate which bought large
tract of property several Years ago Is
now making plans TO cover IL with Two
or three rows Of houses, feeling CONN
dence for the first time since its purchase
that there viii be demand for the houses.
Much the most important and interest
ing real estate transaction of the week L.
the transfer of the lot west OF the Riggs
Bank building on Pennsylvania avenue
opposite the Treasury. Mrs. Louise Eus-
us Hitchcock. a granddaughter Of w W.
Carcoran. and one Of the Corcoran heirs,
has sold the lot to Mr.. c. c. Glover, presi-
dent OF gbe Riggs National Bank, for the
use Of the bank. The price paid was Sl4e-
Coz. The lot is 80 feet front on Pennsyl-
vania Avenue by about l25 feet depth
which makes the price per foot between
80 and 30.
II Is stated that new modern bank
building will be erected on the lot for the
exclusive use Of the hank. Possession Is
10 be given Immediately, and the erection
of the new building will begin at once.
The present building is leased from Mr..
=. Francis Riggs. The lease OF
the bank Will expire in TWO years.
and Il is understood that the
bank has not been able 10 make salts
factory arrangements for continuing il.
Mr. J. +. McLeran, of the firm Of HE'S
kell q McI.eran. negotiated the sale. The
deed has been transferred and Will be
placed on record within d few days. The
Sltaa.j WAS paid in cash. certificate Of
deposit on the bank for the entire amount
having been given yesterday.