Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-07-11

which has seriously interfered with the
operations of speculative builders. In St
Louis the great detriment has been the
high prices of building materials and wages
no higher, however, than elsewhere.
but accumulated in that city by the
lack of enterprise on the part of
builders Labor troubles have also inter-
fered with operations in Cincinnati. 1t Is
interesting to note the long list OF cities
which show increase, including Buffalo at
233 per cent, Denver. $50; Milwaukee, 16O;
Washington, 9S; Cleveland. 81; Indianapolis,
81; Atlanta, "a; Pittsburg, 90; San Fran
cisco. As: Brooklyn. ~; Memphis. 80; New
Orleans. 80; Los Angeles, 20; st. Paul, 10;
Allegheny, 8; and Detroit. per cent
The summer months, however, are be-
tween seasons and it is not to be expected
that operations will be upon as extensive
a scale they are in the spring months
or in the fall 1t is too late to begin build
ing operations for fall renting. and too
early for spring. Building operations have
SO far this year established high level and
it is believed that 1t will be maintained
throughout the year.
Important Transactions.
The largest transactions of the week
were the purchase for the purposes of sub
division of a tract of twenty-five acres on
the west side of Connecticut avenue, ad-
joining Cleveland Park on the north, and
the other was the change in the ownership
of the southeast corner of 18th and F
streets. The announcement Is made by
Messrs. Robinson & Trimmer, who bought
the suburban tract, of their intention to
spend a large sum of money In improve
ments, with the view of making a first
class subdivision. 1t Is also interesting to
note that the price which is reported to
have been paid for this property was about
sc, OCO per acre. Even though this reported
amount may be in excess OF the actual
price, still the difference cannot be great
enough to cause SO much of shrinkage
from what these figures show Is the profit
of the Chevy Chase Land Company. The
latter bought this property, then portion
of a larger tract some thirteen years ago,
and paid for it at the rate of about $1,000
per acre. The difference between this pur-
chase price and the selling price shows
gross profit of over 800 per cent. When the
interest and taxes and other expenses are
deducted no doubt there remains very
fair interest on the money invested thlr-
teen years ago.
The significant feature about the transfer
in the ownership of the F street corner
property is the fact that it is to be i'm
proved with a modern business structure.
The price paid, which, on the basis OF a
standard lot of 100 feet, was about SO per
square foot, is looked upon as good
value for the property, and as indicating
that F street holdings an investment
continue to fetch good prices.
DR.. Dudley Morgan's Home.
DIR. James Dudley Morgan is erecting
summer residence for his family at Chevy
Chase The house will be built for COM
fort and GOODNESS, and will be neatly and
substantially finished. Porches will be
large and airy, having pretty prospect
Of the country and Connecticut avenue ex-
tended. The first floor will be trimmed
in chestnut, having sash windows opening
or the porch. There will be I'VE bed rooms
and a spacious attic, surmounted by roof
of gable Cesign covered with red Vermont
slate.
Judge Pritchard's Residence.
Judge Pritchard of the District Supreme
Court has purchased the Francey double
brick house on Euclid place, near Justice
Harlan's residence, at the corner Of Euclid
pace and 14th street extended. Extensive
Improvements are being made TO the prop
e1ty. 1t has a fine brick stable and ample
grounds. The lot adjoining on the west
has been purchased from Mr.. Clarence f.
Cobb. Including this purchase, Judge
Pritchard will have lawn 100 feet front.
making the whole property one Of the
most desirable for residential purposes in
the District
American Company Buys a Home.
The American Home Life Insurance Com
pany of Washington, d. c., has purchased
the large building on the northwest corner
of 9th and G streets northwest, known as
Society Temple"