Evening star., 1907-11-02
REAL ESTATE GOSSIP
Changes in Business Due to
Railroad Terminal.
PASSENGER, NOT FREIGHT
Realty Regarded as Good Now as an
Investment
COMPARISON WITH SECURITIES
Development of Various Sections and
the Causes Which Give
Rise to It.
PASSENGER, NOT FREIGHT
COMPARISON WITH SECURITIES

II the change in the location of the
steam railroad depots in this city by the
partial opening Sunday last Of the new
Union station had meant a shifting of the
freight business Of the city as we'll as
tnat Of the passenger business then the
event would have been OF greater conse-
quence in the history Of the material de-
velopment of the city.
AS II Is the Importance and the sign!ti-
canoe of such change can hardly be esti-
mated in its entire scope. for in addition
to the large and spacious depot building
providing the facilities which have for
so many years been lacking in this city
for the comfort OF the throns of people
who go in and out. It should not be over
looked that the city has at last been rid
Of that great and daily menace to life
the grade crossing.
Important Center.
There are other reasons which might
b.. mentioned why this event is Of con-
sequence in the history of the city. II
is only necessary in this connection to
mention the influence on current business
which will be brought about by the shift
Ing Of such a center as a steam passenger
depot In any city has always proved 70
be AS a place where people 60 and
come in taking and leaving trains, pas
senger depot is now and will probably al
ways remain 6 center of Importance in
any city
II is question whether or not such
place Is not OF waning Importance, owing
to the rapid transit facilities Of the mod
ern CITY This is especially the case when
there Is a separation of the freight ana
passenger business as is to be done in
the new terminal plan in this city. In
fact practically no change has been made
in the freight arrangements as 1ar as an
entrance into the city is concerned. After
the Union station is in full use the freight
over the Pennsylvania and the Southern
lines will continue to come in through the
southern section of the city, While tnat
over the Baltimore and OHIO railroad Will,
as at present, be brought IN at the north
eastern portion
No Change in Location.
The new freight yards of the Pennsyl-
vania railroad or, rather, its enlarged
yards. are still in the southern part of the
city. while the southern roads have ex
tensive provision of the sort on the Vir-
ginia side of the river. What the Balti
more and Ohio road has done in this di
rection may be seen by visit to the To-
cality at the junction of New York ave-
nue. and Florida avenue.
1t will readily be perceived that while
the new railroad center in this city may
at first sight appear to be a radical
change in existing conditions. yet in real
ity only the passenger traffic is affected.
The various lines of activity that de-
pend TO a large extent on direct and con-
stant connection with the steam railroad
facilities do not have to shift their loca-
ton in order to get the same advantages
which they enjoyed previously to the
adoption Of the terminal plan.
Fixed for All Time.
The chief gain to business interests is
the assurance that now the railroad routes
within the city are fixed and determined
for all time On that account concerns
which have been content to go along with
makeshift buildings and inadequate quar-
ters have either already made permanent
improvements or else have such plans in
contemplation. Indications Of this latter
phase OF the situation may be seen by
any one who visits the vicinity of the
railroad lines either in the southern part
of the city or in the northeastern part.
There has been moving about on the
part of business concerns in order to bet
ter their location and their facilities. The
evidence of ohis may be seen perhaps to
a larger extent in the northeastern sec
ton of the city than in the southern. and
that may be explained by the greater ex-
tent Of the territory in that locality.
At any rate there is said to be no ques-
which this city has suffered for many
years ought now 10 disappear owing 10
the larger yards and the abolition OF
grade crossings and the Improvement in
other directions of the means for getting
freight 70 this city and handling il after
II reaches here.
Investors Point of View.
There is no resemblance between the
condition of the stock market at this time
Of he
the former there has been. as is we'll
known, a decline in prices. Securities can
now be had for hundreds OF dollars less
than was the case several months ago
No such change is noted in the case of
the quotations for real estate. There
are bargains. OF course, to be had, but not
OF such a character as a comparison of
present prices and those Of a few months
back would indicate are 70 be found il
the stock market.
There is. however. a recognized differ
ence between real estate and securities as
q medium Of inve stment which is easily
ppreciated. so that those who are LOOK
Ing for an inve estment are not influenced
by merely the current values. They know
IN the first place that whatever may be
the changes their property cannot get
away. so that there IS always something
10 represent the original amount invested.
They also perceive very clearly at such
q time as this. when collateral loans are
unprocurable. that loans with realty as
security find consideration and alsO ac-
ton The holder Of real estate IS not wiped
out in the course of market fluctuations
He has something that retains value when
confidence IS shaken in other forms Of
property value. II is something tangible
that ne can see. His experience points
out the rising scale IN the figures for
property that Is ct all elgibly located
and that well selected real estate is bound
70 enhance in value is the history of in
vastulents OF This character.
Sale of Home.
A recent transaction in residence prop
cry was the sale of the house of DR.
George VI. kober at the southwest corner
OF 18th and T streets. 1t was purchased
by Mrs Agnes c. Cissel. who intends to
make her home there. The entrance to
the house is from T street Messrs. VII
lge Gibbs & Daniel made the sale.
Mr.. Ryan's Country Home.
The work of remodeling the old house
that was on the place purchased by
Thomas F Ryan of New York and Wash
ington is going right and those who
are familiar with the plans are of the
opinion that about 100000 will be ex-
pended before the work is completed. II
Is located in Nelson county, Virginia,
4T.- 7 -k,t1T ar,I