The evening times., 1899-02-04
BRIGHTER PROSPECTS
FOR REAL ESTATE
Signs of Improvement in
Trade Setting In.
Property Interests ShadOwed for a
While by Stock Dealings.
Early Revival Of Purchasing and
Building of Houses Expected.
Recent TrHnsactions.

Recent transactions.
The testimony Of real estate men is that
The month of February has begun in
mCst auspicious manner. with number Of
completed transactions OF some impor-
Iance and several large deals well under
way with good prospect OF their early con-
summation. There is much enquiry for
houses by prospective purchasers. The
Offices which a few months ago were de-
serted are now lively again with people on
business. This makes dealers in realty
better natured and more hopeful even if
The actual fruits OF the better conditions
in commissions have not yet become large.
January was Disappointing. After De-
cember that promised much for lively
opening OF the year nothing resulted IN
the way of actual transfers of property.
The holidays and the bad weather. at times
cold and at times wet. but nearly always
disa sreeahle from real estate man 5
standpoint, had . damp paa!ng Influence on
things.
IL Is undoubtedly true also that the great
wave of Speculation I4 securities which
has swept over the country. has had its
influence IN TetarCiuE The advance ul good
times Ia real - .ate soI,E Lgt. More peO-
pie are buying and selling stu.ss than
ever before iu The HISTORY rf .a. lnl.-Iry-
Values have increased fFr chat Tor
the time many have HI-. and perhaps
rightly thai real estate could uot offer
any such Inducements
Prices in railroad ana Industrial stocks
VIII. however soon rt..,H slsr 4 h'En level
that they viii cease 20 ~ attractive. and
there will De declines u prices and g. re-
turn 10 other Investment
Real estate u high has dtlrty.atst tu
value during the past fg', years offers one
OF The most attractive iHvssrT -lf- sr This
time in Washington Nrh money cheap
and real estate cheap H rh. s.ur#-r ur.l-
yersai opinion of rhe real estes. rr- .EHI
the coming six months Ui' 'Hr--
revival in buying prouer.E aUr
The Disjric, zeal estate
douUtediy changed soaeuLa. last
FIVE years. and II Is perhaps .1rra-
be matter Of doubt q here lE, L4--r-f .Tu-
prCvem,ut iG value iiI rahF place when
the advance begins. when CTS property
sold ten wears ago Tor certain prices ID
WAS with i.ifle reckoning win he pros
poets Qf immense suburban expansion and
Improvement. The real estate men wau,
10 an extreme in improving The suburbs
and were. IL fact largely 10 blame FOR me
depression which followed They valued
suburban LOIS At fancy prices and lheH
when they could not secure them. marked
up the difference as loss
Al the same tiuie the opening up Of the
suburbs took away the pressure for lots in
the city. Prices were held up stifiy IN the
city and as result there were few sales.
Finally city prices came down also. as was
Inevitable
The new factor in the situation Is the
opening of ne suburban and rapid transit
railways. Lots are valued AZ 81 oGo i'm the
city, and for 81 c0t almost as good resi-
dence lot can be purchased in q convenient
suburb, with perhaps d half hours differ
eEee IN the tine 10 the business part Of the
city. As has been pointed ouy heretofore in
this column, the many Improvements in
this line nov OF foot promise to make this
year memorable in railroad advances. A
careful survey OF the situation leads many
to believe that The best Of the suburbs viii
have a greater Increase in value in the
next two years han either the city lots or
the distant suburban subdivisions laid out
through the forests.
AS stated heretofore in The Times.
Christian Heurch has purchased he Hotel
Dunbarton property, 6ZZ Pennsylvania
Avenue. for $4,000. This price is al the
rate Of about So foot The transaction
was one Of the most important of the week
II is understood that Mr.. Heurich viii hold
The properly as an investment
The lease Of the Grafton Hotel. on Con-
necticut Avenue. By Georgia Mills and
Harrington Mills from Frank " Andrews
which has been IN operation for some time
Mrs put On record yesterday.
The Harrison Flats. al the corner OF
Third and u Streets northwest. near
the Pension Office has been purchased By
Francis NJ Ninton from William r. Pierce.
The deed Of the sale was put Oh record this
week. but the amount OF The consideration
is not stated.
Mrs. Ella Mcpherson widow Of Hon.
John Mcpherson, has sold 10 George w
Gregory. OF New York. The former resi-
dence Of the McPLersOns 1914 Vermont
Avenue The price paid by Mr.. Gregory
was $4,000.
Annie Saunders has sold 10 II z. Perkins
house l2O Street northwest for $500
The transaction was made through b. H
Warner d Co.
Martin Altschuh has purchased through
p. II. Warner d Co. house 154I Nintr
Street for s. coo.
Thomas Hodgson has sold to Henry c
Bontz house 455 p Street northwest for
So 600. The transaction was effected
through b. II. Warner d Co
Mrs. Gertrude T. Amazeen has sold Il
MIS-. c. Burke through y. II. Warner &
Co. house - Massachusetts Avenue north
west for s. ,Ge0
J. p. Winner has purchased from Edward
ID. Johnson lots ! and s. in square 207 fo
So coo. The property is on the noTthwes
corner OF Fourteenth and Il Streets.
Louis J Potts has purchased from Abra
ham ID. Hazon lots p 10 - in square cS2
with six dwellings thereon. The propert
is on the northwest corner Of First and /
Streets northeast. The deed Of the trans
action was put on file yesterday. The con
sideration indicated by the revenue stamp
is abou; $50 0G0.
William K Ellis has purchased from
Everton Ramsey and Frederick W. Pratt
trustees. lot 81 in square 24S The prop
eTty is situated on the south side OF
Street northwest. between Thirteenth an
Fourteenth Streets. The price paid by III
Ellis was S12 sec.
MARINE BAND CONCERT.
To Aid the New summer Home of -
AIMS Infant S~yI5In.
Lovers Of good music VIII have an OF
portunity TO CRAFTY their taste, and al N
same time aid a worthy cause, if they wi
attend the concert 10 be given by the Sis
tiers OF Charity Of st. AIMS Infant Asylum
at Columbia Theatre. tomorrow night.
The United States Marine Band, assiste
by Mrs. Margaret Nolan Martin. Mis-
Clare Murray and Nessre Tohr and Jams