Evening journal., 1900-01-27

WOJLD-bE PURCHASERS ARE
SCARED oFF-TENANTs RE
RENTING.
The real estate prospects for the
coming year are unusually bright. aa
there Is every indication OF prosper
Gus business. Houses OF all kinds aud
sizes are in great demand, and ii is
doubtful-f the number OF small houses.
renting from So to SIS, Is adequate to
meet the demands OF the people Rents
are somewhat higher than heretofore
and many changes are being made
owing 10 this cause principally
Bales for the week have been few.
but within the next thrc- months many
houses will undoubtedly be exchanged
c. sold
Gibbons a. Moore report the follow
lng sales OF property during the week:
Northeast corner OF Seventh and Tat
nall street. to George " Anderson.
consideration. $500; northwest corner
Third and Adams streets. to Patrick j.
OHara, consideration, S2.00e: No. 107
south Franklin street. 10 r. ]. Rear
den. consideration, $1,000.
The announcement that shoe fac
tory would be built In this city has
caused isal c1sGte men TO look about
Tor more houses In which II Is expected
mat the employees who will be engaged
az the new establishment VIII live
Real estate circles are also belnK
stirred over the prospect OF a cigar
factory being built hsre
Renting this week has been brisk.
There Is still a scarcity OF small
houses. Many large houses are un-
rented and are likely to remain so
since the demand IS slight.
The advance In rents has been a
matter that has interested tenants. In
many cases the tenants have given ,up
their houses and within half hour
4 would return and rerent rather than
/. go TO the expense of moving. which.
coupled with inconvenience. would
amount to mere thaa the Increased
. rent
fhefe were nc large sales OF proper
ties during he week. A well-knoNn
Shipley street real estate agent IN a
statement yesterday said that there
are few sales being made from the fact
,hat the prospects for high rents has
lcaused owners TO put up the prices for
their properties. When Efforts 10 buv
We're made II was found that the prices
asked were beyond reason. They were
almost In every case tco hlgh foi.
the prospective purchases. AS a re-
suit many sales that would have other
wise been made are now OF. There
are few houses fer rent from the fact
OF the scarcity. and in those houses on
which the rent has been raised the
tepants are inclined to pay the in
! crease rather than move. because the
llcost of moving would exceed the
amount of the Increase.
BUILDING OPERATIONS.
Contractor and builders say that dur
Ing the past year their business has
been In a better condition than for q
period of five years More buildings
were erected aud more improvements
made.
Considerable building has been done
on Pennsylvania avenue At present
there are under way at Pennsylvania
, laYenue near Scott street six two-storv
houses by Wood & GALLAGHER. and ad-
l1Oining on the corner Is a three-story
building nearly completed. being built
|, fer Wolhar. the grocer. Mitchell a.
Thomas are erecting four modern
houses on Pennsylvania Avenue, be-
tween Broome and Rodney streets.
William B. Austin has under way
two handsome homes in the same
block, but opposite. Edward johnson.
the contractor. is also building a fine
residence in this vicinity. William Kel-
ley has about completed a three-story
brick building at Pennsylvania avenue
and Dupont street. which will be oc-
cupied about March by O. B. strayor
, the druggist. The price Of land on
= Pennsylvania avenue has advanced
, slconsidera6ly within the past year.
D Desirable building sites are becom-
I ing scarce, and the present Spring will
!. see several more handsome dwellings
e erected thereon.
= William Connolly. the builder has
I under way fourteen houses at Harri.
d son and Maple streets. William II
e Seeds and Andrew Johnson. builders
& are also doing considerable building.
5 TrNCu