The evening times., 1899-01-14
REAL ESTATE MARKET
DEVOID OF FEATURE
Large Transactions TO Be An
nOunced Soon.
The Present Year TO Witness a
Great Revival.
Railroad Hank and miscellaneous
Securities al High Price.
Building Operations.

The real estate market this week has
been devoid of interesting features, except
that a number of large transactions are
being consummated that will be announced
in few weeks. The holidays and the bad
weather have prevented the completion of
much business. II may be said with entire
truthfulness, however, that the coming
spring promises 10 be an excellent one
and that the year 1899 Will almost surely
witness large revival This IS the uni
yersal opinion of the brokers who have
been in business here in good times and in
bad and are able to judge OF indications
accurately.
The chief promise Of the situation is un-
doubtedly the cheapness Of money and the
constantly advancing prices OF local and
general corporation securities. All the
railroad bank and miscellaneous securities
are now Al very high prices. which make
them yield 10 The investor sometimes less
than per cent ana almost never more
than that figure. This fact, with the COM
parative cheapncss Of real estate. must IN
Z short time divert attention largely 10
real estate Investments.
Another factor that viii be instrumental
ip booming the real estate market is tie
and improvement The coming year VIII
probably witness the greatest strides for
ward in this direction ever seen IN the city
and suburbs There was published this
week in The Times an article on the plans
and already begun work OF the City and
Suburban Railway and its branches,
Several Of the best suburban parts Of the
District viii be brought into quick commu-
nication with the city by this road during
IA AF4sr- OH hs.fN In J.
endeavoring TO secure rights also which
viii greatly benefit parts OF the Northwest
The Columbia Railway and the -Chesapeak1
Beach Road when they are completed, viii
open up large section in the eastern part
Of the district that has heretofore been
without any improvements in this line.
The University Railroad, running from a
point on the TenleyJOwn road 10 the Amer
lean University aud through that section
Of The northwest suburbs. VIII. it is uu-
derstood be completed before summer.
This road viii do much for University
Heights, Wesley Park University Park. and
other new suburbs. which viii. iu time un-
questiCuabIy be one Of The most valuable
and desirable residence portions uf the Dis
Ir!cJ.
In most Ct these suburbs that viii be
aided by the new railway facilities little
has been done as vet in building opera
tiCns. IL is the opinion Of careful real es-
tatc men that there Will be large buying
cf hCmes in these sections in the next few
years and that residences viii be erected
in large numbers.
i is unQUestionably the fact that build
ing operations during the past year were
comparatively small The city made one
cf It's low records for recent years, though
there was a slight gain in value over
1887. There is, however. the same prom
ise in this direction that there is for a
good real estate market. II viii be con
selling to some perhaps TO know that the
situation IN Washington was 10 worse
Than il was in other large cities. and
rather better.
Figures from the Construction News Of
Chicago. show that in the six largest ci-
ties il the country there was q decrease
in the cost Of building operations while
IN Washington this vas not The case.
Roberr N. Lihbey has sold TO Jacob
Miller the residence. gD3 o Street north
west. for SG,500. The sale was effected
through B. II. Warner q CO.
Mr. George c. Maynard has sold "a Cur
It's J. Hillyer lot oa Tweuty-first Street.
between Q and r Streets. in square Go.
FOR S6.5G0. The sale was effected By
Thomas J. Fisher d Co and b r. Warner
d Co. Mr.. Hillyer as il VIII be remem-
bered sold his residence in this square
few weeks ago 10 Mrs. Sect Toansend.