The Washington herald., 1907-10-27

While real estate brokers' are feeling
the effect of the financial furry in New
York, the majority Of the offices visited
yesterday were active, and fair amount
of business was reported. Several firms
say their sales and rentals this month
would not indicate that there was such
thing in the world as Wall street or de-
cline in stocks. Some take the view that
disturbance in the speculative market
helps the sale Of real estate for invest
ment
Yesterdays record Of the conveyances
Of property was one OF the longest OF the
year. and examination shows that almost
all the records are Of recent trades They
represent the sales Of residences and some
few building lots that have been pur-
chased during the past week or two. This
indication Of activity In real estate is a
fair barometer.
building Operations Brisk.
Building operations are moving forward
energetcally. helped by the fine weather
of the past week and next month viii
see many new buildings finished and oc-
cupied for the first rime This is particu-
larly the case IN the banking section. and
many Of the fine houses which have been
under construction in various parts OF the
city are rapidly being made ready for
their occupants.
Architects report a large number OF
commissions for plans for new structures.
and they say that the next season viii be
one of the most active in the building line
that Washington has seen in many years
Moore x Hin report the past week
busy one, both IN sales and rents They
recently sold the major portion OF the
new houses erected by Thomas H. Pick
ford at the northeast corner of Four
teenth and q streets southeast. The price
paid for the houses was 81, 80 each, most OF
the purchasers occupying them as homes
The dwellings are handsome twO-story
bricks of the siX-room and bath variety.
and have furnaces, cellars. and front and
rear porches.
Bank VIII Build Home.
The Washington Mechanics Savings
Bank, located at 7O3 Eighth street south
east has purchased the property at the
northeast corner Of Eighth and C streets
southeast, and in a short time VIII begin
the erection of permanent banking
home. Bids have been invited for the
building. and as now planned the struc-
ture Will be three stories high, with the
first floor for banking purposes and the
two upper stories for a series Of Office
suites The entire Improvement, when
completed, win have cost about S25.cco
The Washington Mechanics Savings
Bank was organized April II, 1896, with a
capital of $l5,000, which has since been
increased to S20,C0J. The assets Of the
bank are now about 5000
Negotiations for the purchase Of the
bank site We're conducted through Joseph
ID. Sullivan. attorney for the bank, aided
by a committee Of the directors. The Of
nCeTS and directors are: Ezra Gould
president; Hon. II. X. Daugherty, vice
president; g. II. Bagby, secretary treas
urer; Joseph D. Sullivan. attorney. Ed
mund s. Wolfe. auditor: Mortimer H
Acheson. r. H. Bagby. George Hayes.
Hon. II. h Daugherty. William NJ Dove,
Henry c. Emerich, Joseph D. Sullivan
Ezra Gould. andrew Johnson, jr, Jesse
3. *. Lee, Charles c. Love, p. B. Ryon.
Charles II. Squier, John p F. White,
John Scott Johnson, and Edmund $
Wolfe