Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-31
new CLUB WILL
Be MATCHLESs
Terrace an Added Feature of
the Metropolitan.
REALTY MARKET KEEPS UP
ONE More Deals by a Big Firm Of
Dealers.
PLANS FOR A BUSINESS HOUSE
One Pertinent Reason Why Factories
Of Magnitude Should Be At
tracted to the Capital.
'LANs FOR A BUSINESS HOUSE

Contrary to expectations and
precedent, the real estate market
continues at stage of activity
that is astonishing the dealers at
this time of the year. There is
nothing like the early spring sale
record, but dealer said today that
for the first time since the firm of
which he was the senior member
had been in existence, he had
been forced to ask his statesmen and
clerical force to postpone their va
cations. The market is not only
active, but several big deals-one
which means the probable estab-
lishment here of large manufac-
turing plant-will probably be
brought to head in a day or two.
Sultry. humid midsummer weather, well
calculated to put an estoppei on any bust
ness efforts, has not retarded the realty
market nor created that condition that the
dealers had philosophically made up their
minds to encounter. In the light OF the I'M
expected condition todays market is an
exceedingly interesting one
The Metropolitan Club has acquired an
other lot adjoining the magnificent new
home that is being erected at 18th and H
streets, and the plans for this adjunct will
int 70 all tt,n ,Hnv
1t was roughly estimated at the start that
the new building would cost between s325.
900 and 1880 600. AS matters are progress
ing. however, it is probable that the cost
will exceed even this last sum. Unless the
labor question interferes the members ex-
pect to be In their new home by January l
at the latest. In fact, some of them are
already anticipating New Year house
warming that will assume the proportions
of a memorial joIlification. based, of course,
on the ethics of the best form In clubdom.
Handsome Terrace.
The principal feature of the annex, how
ever, will not be used on this occasion, as
it is to be.a very handsome terrace. which
the members who are forced to be in town
any part of the heated term viii be sure TO
enjoy. The other section of the annex will
be used for offices and a pool and billiard
room.
A prominent ciubman with whom the
plans for the building were discussed to-
day made the statement that in his judg-
ment, the new home of the Metropolitan
would compare favorably with any swell
club in the world when 1t Is completed
not excepting the Milionaires Club of New
York. The one adjunct of fashionable mod
ern clubs that the Metropolitan did not
have was a terrace By the acquisition of
this latter-day feature the building would
seem to be beyond criticism.
Another Investment.
Stone & Fairfax are among the firms
most active just now. Chas. O. Rice today
purchased through this enterprising firm for
investment the properties from 1916 to
1925 18th street. on which ii is proposed
to erect five two-story brick dwellings.
Moore & Hill also assisted in the consumma-
ton of this deal Stone & Fairfax have
also sold another property for business pur-
poses. This is the northwest corner of 9th
and H streets There are LOCO square feet
in this property and the consideration was
81, 900. 1t was purchased as an investment.
The estimated cost of a handsome new
building which the Anderson Dray and
Storage Company is about to erect at 401
South Capitol street Is $4,000 This COM
class in the city. Its new building is to be
three-story. with basement of concrete. The
architects are Morris & Clifford.
A Sound Judgment.
Some of the realty men are using an
argument in relation to efforts to attract
new manufactures here that will, 1t is
thought. have great weight when the ques-
ton comes to a show down. Just whether
or not the state courts and legislatures can
be tempered with in regard to the new rate
bin is a problem 1t is conceded, however,
that IT VIII be pretty hard to control the
roads in some states where the legislatures
and courts have been manipulated for
years. But 1t is also conceded that no road
will have the temerity to proceed Illegally
in Washington. where Congress, the De-
partment of Justice and the seat of govern
ment is situate.
For this reason realty say that
great industries will have greater protec-
ton here than in any other American city
against new-fangled rate manipulation
the part of the railroads.
REMQUEn nv STEAITH