The Washington times., 1902-01-19
PLANS FOR GREATER WASHINGTON
INTEREST REAL ESTATE MEN.

President Heiskell said Yesterday: THE
outlook for the exchange seems excellent.
In addition to rectifyins a number of
generally recognized evils in the real
estate business. it will establish num-
ber of beneficial features that should
promote the business largely, among
them the listing OF properties for sale,
and the listing OF morey to loan.
Project Meets with Favor.
Mr.. William Corcoran Hill, who is a
member of the board of governors of the
exchange. said: ~ believe that the or
ganization will be of immense benefit TO
the real estate business. The excellent
progress made in establishing the eA-
change in so short time and the crafty
ing number of brokers that have become
members show how generally the project
meets with favor
Tine Foundry Church Property.
The trustees of the Foundry Church last
night held a meeting, at which it was ex-
pected that the two offers for the church
property would be considered No action
was taken. however. and the meeting ad-
iourned until next Friday night. when it is
said hat some decision will be made re-
Farding the matter.
Mr.. Thomas !. Walsh. the Colorado mil
lionaire. has made IN offer of SIS a foot
for the property. which would make the
total price about S2O0.00 The offer re-
Gently made by Mr. Roessle, of a square of
ground in the northwest for new site
for the church. with an additional consid-
Grafton in cash, was also about equal to
SIS foot ii is said. The trustees of the
church have wished to obtain S25 a foot,
md IN hnv rpfu IN
take any less.
Mr. Stilso1 Hutchins has purchased the
entire square of ground No. 1898. in
Georgetown. lying north of L Street and
between Thirty-second and Thirtyfourth
Streets. Mr.. Hutchins said yesterday that
he does not contemplate any building op-
erations on the square. He will, however,
fill in the ground to grade level. as it is
a: present several feet below grade.
The purchase of the square was made by
Mr.. Bradford. the broker. through Early
& Hampton. The latter brokers have also
sold residence 1900 Connecticut Avenue to
Mrs. Nettie Bradford for S25 900. The
same firm has during the past week com
pleted the sale of house 2119 Bancroft
Place to ]. B. Winner. the real estate
broker, for $4,000, and house 1888 Gin
cinnati Street to Mr.. George B. Williams
for s11 500.
Moore & Hill have closed the sale OF
buildings 1905 and 1907 Fourteenth Street
to Mr. Patrick ]. Farrell. the lawyer, for
s.. $50.
Incrense of Brick Manufacture.
The immense and increasing Quantity
Of brick manufactured and sold in the
District during the past year is one Of the
best evidences of the activity of building
operations. The consumption of brick of
900, 600 This was an increase of from
5 900 900 TO 1O,O00,O 900 over the year 1900.
The estimate for the coming year is at
least 10000. 900.
Mr.. T. L. Holbrook. president of the
new Washington Brick Company, and of
the Standard Brick Company. its selling
agent, said yesterday. regarding the in
crease of the industry:
For oeveral years past the use Of brick
has steadily increased marking of
course, the growth of the building in
terests of the city, and there is an en-
prospect that the local market
will so exrand that there will be a re-
turn to the volume of business of the
y
cial depression set in. In that year the
high level mark of the brick market was
reached, as the consumption was 120, ,000,-
900. Since that date the building business
here, as elsewhere throughout the coun-
try, reached a pretty low ebb. and one
year the consumption of brick here did |
not go beyond so 900, 600.
THE industry of brickmaking is of i'm |
portance in the District, and it is esti- |
mated that the yearly value of the prod /
nct is about $500, 700. Some two millions |
Of dollars are invested in the various |
plants. A large proportion of the com
panies are now located across the Po-
tomac River. near the Virginia entrance |
10 the Long bridge. Some seven Of the |
eighteen companies still have their plants |
within the District. The growth Of popu |
ation and the increasing value of the |
and, with other reasons, have tended to
bring about a change in the location Of |
many of the brick establishments, and,
as a rule. they seemed to have centred |
about the southern END of Long bridge"
The Washington Brick Company alone
mas a capacity of 80 600, 900 brick; a year.
Its clay lands and plant are ius. at the
,ther side Of Long bridge, in Alexandria