Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-26
Would Sell at a Premium.


of going to the banks. are coming to the
agents direct.
Would Sell at a Premium
eve have recently placed quite a good
deal of money out in real estate loans
which on Washington real estate at per
cent is one of the best investments
person can desire being entirely free
from the uncertainties of the stock mar
ket investments and yielding a profit in
interest which makes them very attrac-
tive as against other securities which are
more or less controlled by the condition
of the market in Wall street and other
influences.
In fact. were it possible for Washing
ton realty . per cent loans to be listed on
chang, as other securities. they would
unquestlonably go at once to a premium
and would sell up at a premium in line
with government bonds and other gilt
edged investments. As a safe and secure
method of investment they cannot be ex-
celled
That this belief is shared by individ-
uals with funds at disposal for lending
purpos= is shown in this city by the con-
tidence of two classes of investors:
First, our regular clients to whom we
apply for funds when we have presented
10 US satisfactory applications from bor-
rowers. For this. class sterday |
placed S6O0po in five separate amounts,
and other agents can tell the same story
with varying amounts. OF course this
total sam is not mentioned as an exam
pie of large figures. as it is cors dered
small compared with a gross amount
of loans, or that of a single large loan
but its distribution bespeaks of the salts
factory condition of things here and the
readiness of lenders to supply funds
which had they b5en needed could have
been obtained to practically any amour.
Inquiry From Strangers.
Second, the fact that we have had ap-
plica4ions recently in. more than thu
usual number from strangers who have
come into the offics seeking either to
purchase good = per cent interest notes
or have informed us that they had sur
plus money which was at our disposal
for ioaning purposes. BY strangers I do
not mean that these new customers were
strangers to the city. but were strangers
TO US In business sense. and were I'M
doubtedly individuals who have been in
vesting in other channels. or who pre-
ferred to loan their surplus balances di-
rectly through agents. and accept real es
tate security and its higher interest
rather than the lower rates in other
quarters which their funds have yielded.
Taken all in all. with call loans in
New York quoted at 81 per cent AMI
the naturally sympathetic influences. the
tightness of the money market in the
metropolis exerts more or less elsewhere
In that INSTITUTIONS cast a double anchor
TO windward as to their reserves. the
conditions in the capital are normal and
satisfactory and things are moving
along just the same"
Railroad Improvements
The opening of the new union station
serves to invite attention to some of the
side improvements which are going on il
the city in the way of railroad ap-
proaches.
millions have been expended in these i'm
provemants, and while the fine marble
union station is perhaps the most con-
spicuous instance to the eye. the present
condition of this undertaking in South
Washington is not only matter OF in
terest to the residents of that section o.
the city but with the completion OF tGese
improvements the general appearance o.
certain portions OF the lower part OF
town viii be greatly changed to decided
betterment.
During the summer work upon tn
southern approaches to the union station
has b7en going steadily. though there
is still great deal to be done. me stone
viaduct has been substantially complied
west to Tth street southwest East OF
this dividing lin the sire is pass be
meath the railroad tracks. and are now.
and have been for some time. open for
general traffic.
At 18th street, however. the road makes
depression. and continuing west enters
cut striking street level at Sth
street-this latter street being excavated
beneath the tracks-and extending west
below the street grade to POINT near
18th street.
Work on the Bridges
Work is at present being pushed upon
the bridge which spans the tracks at
11th street. and this substantial structure
Will be completed in few weeks, to the
great coRvenients of vehicle and electric
traffic. break in the underground
circuit al this point causes delay in pro-
pelling the cars over the cut by small
overhead trolley line. The cement side
walk, the underground trolley yokeS and
the roadway on tha west side of the
bridge. are now finished. and the work
men are hurrying the completion of the
east side.
The bridge at 10th street is of similar
general design. consisting of steel frame
work reinforced in cement Work upon
this bridge, however. is 1ut partially fin
ished. there being less need for its early
completion than the 18th street cross
way, there are no street car tracks at
this point.
The Sth street bridge shows consider
able progress. and is a massive steel af-
fair supporting the four tracks two of
which are in place and in use The old
freight station at the intersection of this
street and Virginia avenue. so long one
of the landmarks of Southwest Washing
ton, is being torn down:
Double tracks have been graded and
rock hallasted in the cut west of Sth
street. and the Gem mt retaining wall is
its entire length, while eight spurs of side
track have recently been finished in the
yard at nth street, and cars are now he
Ing switched thereon. The fine cement
bridge over the entrance to the basin is
entirely completed as are the cement
roadway approaches thereto on the north
and south.
Northeast Bridges.
The approaches to the union station on
the north are practically completed as al
entirety. though many minor "details O
the work remain unfinished.
The New York avenue bridge IL of a
magnitude which will surpris: the visitor
who journeys out to view this improve
ment. spanning the wide expaas. OF in
tersecting car tracks at this point Like
the bridges at 10th and 18th streets
southwest. 1t is OF steel framework re-
inforced with cement. and 1t presents a
solid massive appearance. The approach
to the span at the western end has not