The evening times., 1899-01-21
PROMISING REAL
ESTATE OUTLOOK
ACTIVITY IN SPRING MONTHS
Gen. George b. Williams Purchases
Two Residences-JOhn o. John
son Secures n Valuable Lot.

| Gen. George ID. Williams Purchases
Two Residences-John O. john
son Secures Valuable Lot.
| 1t must be stated that so far this year
there has not been the good business in
real estate that was expected by many.
| January, however, is never considered
| good month in the real estate market and
| the poor weather for much of the time
| has accentuated the general unreasonable
ness. Sales are being made every week,
but their number, although larger than at
| the same time last year, is still unsatis-
| factory. 1t is noticeable also that many
| of the transactions are trades which may
not be considered as important as the new
investment of money in realty, although
| they make the brokers happy. Many large
| deals that we're expected to develop dur
| ing the past week or two still hang fire
for reasons of various kinds and it is per-
| haps this, more than anything else that
makes the situation seem not quite so at
! tractive as it did a month ago. The gener-
al opinion, however, is still most opti-
mlstic. Ii is the belief of nearly all con-
| servative brokers that the opening of the
spring will see many good sales and a
general picking up in all lines of realty
business and building.
l. All tne condlllOnS Wnlch make activity
IN real estate seem probable TO continue
unabated. In fact, money is if anything
cheaper than it was two months ago Sc
curities are higher in price than they were,
both here and in the New York market.
Many of them are approaching 10 the
| high-price limit probably The New York
Stock Exchange has had a most remark
able two weeks, with an average advance
in prices of $40 TO SIS q share. This con-
dltiOp of things iudaf-
nitely. and it is realized that money must
be diverted into real estate next. When
many stocks are paying on the investment
only and per cent, real estate imme-
diately becomes desirable, especially al its
present comparatively low prices.
The extensions of the railroads some
of them have already begun, and
within a few weeks others will be taken
up. The installation of the regulation un-
derground electric system on U Street and
as far as the Rock Creek Bridge on the
Chevy Chase line will be begun in a short
time. Every improvement on this line is
recognized as an added inducement to
homeseekers in this direction.
The University Railway, to form
branch Of the Tenleytown Road running
from that road TO the American uniyer-
sity, will open up large section in that
direction that has suffered heretofore from
lack of transportation facilities. The
building of the extension OF the Columbia
Road, and the work on the various i'm
provements of the city and suburban lines
is most encouraging 10 several suburban
sections.
The purchase OF the residence i4l4 Six
teenth Street by former Governor Merriam
recorded in this column two weeks ago.
in advance of other publication, was
l 10 ,farr.
TO Mr.. John o. Johnson not herto ore
mentioned. Mr.. johnson takes in ex-
change for his Sixteenth Street house the
corner lot at the intersection of Pennsyl-
vania Avenue and Twenty-fourth Street,
known as lot in square &c. Mr.. Merriam
paid for the exchange 81, 500. Mr.. John
son is considering the adyisabi ity Of
erecting an apartment house on hts new
Pennsylvania Avenue lot. Ii is so + ct
front on the Avenue by 40 feet deep. Ar
chitect Thomas Mullett has prepared
plans for such building and it is prob
able that the project will be carried DIT.
The lot is considered by Mr.. Johnson in
every way admirably adapted for such a
! building. These transfers between Gov
ernor Merriam and Mr.. Johnson were ac-
compIished through Brokers Baumgras
and Early d hampton.
from Franklin T. Sanner the residence.
1925 Columbia road, for $500. The sale
was affected by Brokers Early & Lamp
ton. The house is a fine. three-story and
basement brownstOne. This is the second
purchase by General Williams in the last
two weeks. II will be remembered that
he secured from J. b. Winner last week the
residence 2l15 Bancroft place for S1100n.
/ This purchase also was made through
Early & hampton.
The purchase OF the large Office building
at the corner of Sixth and F streets, made
by A. NJ. Lothrop last November. at auc-
tion. was recorded yesterday. The price
paid by Mr.. Lotbrop was s26,500
Frank Tubins has traded two houses in
Hyattsvlle. at the corner of Luttrell and
Littlefeld streets TO l.. c. Norris for
houses 1884 and 1886 Thirteenth street
northwest. the consideration in each case
being s17 900. The houses purchased by
Mr.. Tubins are among the most attractive
small houses in Columbia Heights, The
transfer was effected by B. H. Warner &
Co.
APPEAL TO GOVERNOR TYLER.