The evening times., 1899-01-07
CONDITION OF THE
Real ESTATE MARKET
Full of Promise for the COM
ing Spring.
Revival of Business Throughout the
Entire Country.
The General Situation i'm This City.
McDeS Cheap and Securities
Advancing.

is fun of promise for the coming spring,
and it is even probable that the next two
months will witness a considerable ac-
tivity in sales. Brokers all report large
increase in the number of inquiries for
small properties, and sales are consum-
mated with a frequency that is gratifying,
even though il is not yet anything like a
boom. Aside from this, there are num-
ber Of gery large transactions nearly COM
pleted that may be announced at any time
The opinion OF real estate men and Of
business men generally regarding the busi-
ness situation is shown in almost star
ding way in the three columns OF inter
views published in The Times on Monday
morning. This entire three columns con-
1ains not one dissenting voice in the gem
eral prediction of a very prosperous 1899.
The reasons given by the real estate men
In these interviews why business should re-
rive are numerous, but the essential ones
may be mentioned in brief again here.
The entire country already shows
great revival Of business. Especially in
the steel and ircn trade, which is consid-
cred a barometer of the general situation,
is there already great prosperity.
America is sending to Europe a volume
OF manufactured goods and grain which
has never been equaled before, while the
country is importing far less amount.
The balance Of trade is in favor of this
country as il never was before. There
seems every reason to believe that this
condition viii be continued indefinitely
and that money Will continue 10 flow TO
this country. There is more gold in
America than in any other country in the
world.
These general conditions are reflected in
Washington to a certain extent already,
but it is known that later the city must
feel the effects Of the general prosperity
more. Money is very cheap, being worth
only and ) per cent. Securities are con-
stantly advancing in price and soon a level
VIII be reached at which many Will be
forced to consider the greater advisabiity
Of investing in real estate.
One of the important transactions oI
the week was the sale to Mrs. Cornelia
s. Williams, wife of Gen. George B. vii
lams by J. b. Winner, of house in Con
necticut Avenue Heights. No. 2l15 Ban.
croft Place. The sale was made through
Early & Lampton, the real estate brokers
The price paid for the residence is est!-
mated from the stamps on the deeds Il
have been 81 900.
Mr. Winner bought Of Charles Early and
William II. Allison this weeks lots SO
:s20 32l and 322 in square l56. on the south
side Of Madison Street. The stamps OF
the deed filed yesterday indicate the price
al sl2 coo. This sale was also made
through Early & Hampton.
An exchange of property in Washington
Heights between Edward J. StellwageI
and +. C. Newlands, which has been un
der consideration for some weeks, wa
coonsummated this week, and the deed
were put On record. Mr.. Newlands con
Neys to Mr. Stellwagen lot >, block >, o
Cliffburn, for IS, 500. and Mr.. Stellwagel
transfers TO Mr.. Newlands for 81 000 10
IS, block u, of Kalorama Heights. AM
lots - and IS of Jamaica and Smith
Vacancy.
Mr. Warner and the other people inter
ested in Petworth believe that the subd
vision will be one of the first to benefit b.
the return of good times. Within a fev
weeks water main and sewer belonging
10 the city system have been run into tn
subdivision. The lack of water in parts o
the property and the meagre sewage facili
Ties heretofore have been somewhat of
handicap, and the improvement in this di
rection will undoubtedly have its good ef
feet Much interest is felt in the bill nov
before Congress to allow the metropolitan
Railroad TO run north from its present ter
minus on Ninth Street, up either Sherman
Avenue or Eleventh Street, as either o
these routes would cut the subdivision il
communication with the business part o
the city in a few minutes for one fare
Several houses are now in process of cree
tion or in contemplation in Petworth in ad
dition TO those already built. Commission
or of immigration T. V. Powderly is erect
ing handsome residence on the corner O
Rock Greek Church Road and Fifth Street
MIR. Swartzell will soon begin a fine resi-
dence in the same locality.
There has heretofore been a blanket trus
on the entire PetwOrth property. II wa
most cumbersome and difficult TO handi,
and Mr.. Warner who has had the propert,
in charge has divided the trust into a mum
her of parts. There were put on recor,
yesterday eighty deeds of trust to cover tn
divided mortgage.
In the account of the purchase of ths
SiXteenIh-street residence last week by
former Governor Merriam. through Earls
Lampton, there was neglect to mention
that E. c. Baumgrass, the real estat.
broker, WAS largely instrumental in ar
ranging The sale.
Achitects Carriere & Hastings. whi
are making the plans for the residence o
Mrs. Scott Townsend at the corner of Mas
sachusetts and Florida Avenues. have no
vel entirely completed them. 1t is thei
present intention 10 retain the main struc
ture as it is at present and add wings 70
banquet hall and ballroom. The presen
building is massive and handsomely built
It's walls are two feet thick The port,
cochere is to be another handsome ad
dition to the main structure
WESTERN UNION INDICTED.