The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-01-18
REALTY TRADING FAIRLY
ACTIVE DURING WEEK
Small In Number, But Good
Prices Rule.
GOVERNMENT BUYS LAND
Plans Under Way for the Erection Of
Several Handsome Homes-Ofh-
CeS of Exchange.

CES OF LACIdilGEs
There has been a small falling of in
the number of real estate transactions
in the past week compared with those of
the previous week DiminUition of
business in number of exchanges. how
ever, has been more than compensated
for in the large sales which have taken
place. Aside from this fact several real
estate brokers, who were yesterday ask
ed for an expression on the outlook SAID
the large number of transactions which
are at present under cover give bright
promise OF a lively business in the
spring.
OF the sales made in the past week the
great majority we're made to private
parties resident Of the District. There
were. however. two large sales made to
the Government Of property near the
Navy Yard and large tracts of land IN
Maryland and Virginia 10 District peo-
pie The latter were made through the
Booth Farm Agency. One was the sale
Of sixty-five acres of land at Contee,
Nd. to AIonzo A Bliss. of this city Il
is said he will improve part OF the tract
with a dwelling. and subdivide the re
mainder and put it on the market
Another was that of a tract Of 100
scres at Bowie Nd to a syndicate con-
posed Of residents of this city and Phil
adeIphia. Negotiations are also pendinN
for the sale of a large tract of land IN
Fairfax county, Va, to Washington peo-
PIE.
The sale OF land TO the Government
near the Navy Yard, was made BY
Michael I. Weller The property consists
Of squares 853 and 50. and the price re
ceived was $40. OO0 Besides this. square
s27. was sold to the United States by
Robert r. Mahorney. for s22.500.
Vacant Lot Sales.
Among the sales of real estate mada
last week it was noticed that great
many vacant lots passed through The
hands of the dealers. IN nearly every
instance these lots were purchased for
building purposes and not for specuIa-
ton The truth Of this is emphasized
BY the transactions Of Moore & Hill, in
corporated. who sold many lots for
building purposes. One Of these is lot
on California Avenue near Twenty-sec-
ond street. which was purchased by B
N. Bridget. OF Parker. Bridget & Co Mr.
Bridget has already secured plans for q
Colonial style residence, which he viii
erect as soon as practicable. The cost
OF the building is estimated al $4,000
The firm also sold fifteen lots in Moore
& Barbour's subdivision. which viii be
improved by residences, arrangements
Cor the erection Of which have already
been made. A sale Of q lot in the same
locality was made by Moore & Hill %
Oscar ". Larman. The lot viii be in
proved By the erection Of a handsome
residence. The lot adjoining was pur-
chased BY Mrs. Johannah c. Larman, aEo
will be improved by q residence.
Besides the sale Of this UuimpTOved
property. Moore & Hin sold premises
s47 Massachusetts Avenue to c. ". Cave,
1921 Cambridge Street to DR.. Thomas r.
Noble. and 1908 Fifteenth Street TO
Thomas r. Marshall The property pu--
chased by Mr. Cave viii be remodeIea
and enlarged
Another important sale recently made
was the car stables of the old Belt Limo
Street Railroad TO the Merchants Trans
fer and Storage Company A new and
large building with extensive stabIing
accommodations has been built BY the
purchasing company The property has
an area Of about 5000 square feet, and
faces B, Canal, and Third Streets. The
new stables accommodate about 80
horses.
The large lot at the southwest corner
Of Twentieth and @ Streets was pur-
chased last week through arthur D Id
Olson for building purposes. There is a
frame building now on the ground, hut
this VIII be removed to make room for
the large residence It Is said the pur
chaser OF the lot intends TO erect
Mrs Hearst's Lots.
William F Draper purchased two
large lots near the corner Of Twenty
first and / Streets from Mrs. Phoebe
Hearst, for $4,000.
The real estate dealers OF the city
are. however. looking forward with much
interest to the tine when the plan o.
street extensions proposed win become
q reality. There is no doubt that rapin
Improvement would follow the extension
Of any Of the streets ana avenues thai
has been suggested. This extension would
naturally cause great activity in the
real estate business. ard q correspond
ing rise in land values all along the
lines of Improvement.
At the annual meeting of the board o;
governors OF the Washington Real Es-
tate Exchange last week, Messrs. Jesse
J. HeiskeH. William Corcoran Hin. and
DR. A P Pardon were elected members.
The election for officers for the ensuing
year resulted in the choice Of the fol
lowing: President George ". F. Swart-
ZeIl- first vice president William Cor
cOTaH Hill; second vice president James
T. Hood secretary and treasurer. John
L Mitchell (Te-eIectedy-
zs-F--LE H. UE-ss