Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-05

VI
| whether there is need for more houses and
| apartments or not 1t Is still unsettled
| matter as to whether or not 1t Will be pos
| sble to get loans. At the present time as
| has been the case for some months past, 1t
! has been practically impossible to get
| money for building purposes. There has
| been no change In the rate, which remains
at per cent. but money Is scarce The
| condition is effected by the state of the
| general market where the money strin-
| gency is marked.
Difference Of Opinion.
| 1t is supposed there will be a change in
the money market some time early in the
| present year and that money Will be easier.
| If that turns out to be the case then one
| of the questions relating to the local real
| estate market will be answered. In the
| event it will be possible to secure money
| and plenty of it. then the next considera-
| ton is, a profitable use be made of 1t
| in the way of adding to the number Of
| houses and apartments?
! 1t is only stating what is the actual stu
| alton to say that about this latter PROPOSE
| ton there Is a difference Of opinion and
one that is entirely honest There are men
! whose interests are such as to lead one to
| think that their knowledge of the market
| Is as thorough 1t Is possible to have 1t
| and yet who shake their heads when some
| one approaches them on the subject of
| some building enterprise in order to find
| out what is their opinion.
The Line Of Argument.
| Men of this class say that they would not
| advise any one to go on with undertakings
| involving the erection Of houses or apart
| ments for the reason that there is already
a plentiful supply of such buildings. Until
| all such accommodations are taken up, Is
the argument OF those who hold this view,
| then it would be wise to hold off from add
| ing to their number.
On the other hand ii is asserted that the
| town is not overbuilt and that as the re-
| suit of the past rentai season this condition
| has been demonstrated There are but few
| vacancies in either class of living places.
! It Is asserted. and with the usual increase
| In the population there Will be need next
| fall for additional quarters. The situation
| in this respect has perhaps been gone over
| more carefully and is still being given
| greater consideration than has been the
case in similar matter for years past.
Investors in the Market.
| One reason for the keen interest which
the realty market and it's outlook arouses
| at the present time is because of the pres
ence here of men of means from other parts
| of the country who are thinking about in
vesting their money here or at least por-
| ton of it. Their attention has been at
| tracted to the city by its great growth and
| development in the last year or so ana nat
| uraIly they see the possibilities of such
| situation.
| A man of the latter type has made a
| rather close study of the apartment house
| situation here and how it has taken as
a commercial venture. and also whether
| there are now here more buildings of the
! kind than the market can absorb. he ma 5
| taken the number of apartment houses In
| the city which now amount to over 1oo-
| that is. buildings of the larger k1nd-and ne
has estima ted the number of suites OF rooms
| in each In this way he has arrived at a
| sort of rough guess of the total amount
| lat in this citV of this char
Result of a Calculation.
He finds by this method that as COM
| pared with cities such as New York and
Boston and other places with which he is
| acquainted the supply of living rooms
| of this kind is not in the same proportion
| as is the case in these cities In other
| words the ratio of suites in apartment
houses to the population is less here than
| in the towns of which he has statistics.
! His conclusion from these data IS that the
town is not over-supplied with apartment
houses.
ton that the man referred to Is not the
only one who has money and who at this
time is looking over the chances in this city
for finding a good Investment. The large
sums of money that are available for that
nurpose form one of the sources for an
| encouraging outlook for the coming season
1t is of course possible that nothing Will
come OF this interest. which at this time
is. manifested on the part OF prospective
investors in the local market. but 1t is en-
couraglng to know bow some outsiders
look upon local conditions.
Expressions of Good Will.
| Some of the real estate brokers send tc
their friends and customers at this season
of the year calendars which are found to be
useful as well serving as reminders OF
those with whom pleasant business rela
lions are sustained.
The calendar sent out this year by the
SwartZen Rheem & Hensey Company Ii
| adorned by a bright and attractive face
which is guaranteed to have smiling wei
come that will last throughout the twelve
months.
MI Joseph I. Weller has provided as {
| heading for the record of the days Of The
| coming year a reproduction of an interest
ing oil painting which is decorative and
; therefore, the more welcome on that ac
| count.
The F. H. Smith Company has had pre-
pared useful sketch map showing thu
) roads and the bride paths in Rock Creei
5 Park. AS there is nothing of the sort II
I separate form such a map serves goot
3 purpose in bringing to the attention o
many who are not aware of the facilitfe
. offered by this great public pleasure resort
r The distribution of such map will plac
at the disposal of all who care to have in
formation on the subject, what Mr..
Quincy Smith and others who ride and driv
! have found out about the resources OF Tn
park.
Mrs. Shaler's Residence.
Plans are being prepared by Mr.. G.
! Totten, architect, for house which Is t
, bbe built by Mrs. Shaler. the widow o
, | Nathaniel s. Shaler. dean of the Lawrenc
Scientific School and professor OF geolog
/ of Harvard University. The house is to b
located on large building site which wa
, | purchased during the past week and front
? | on Sheridan circle to the northeast. Will
: | the lot Is a large one, with broad frontage
! both on the circle and on street, tn
: | house Is to be rather small. thus allowin
. space on the sides and rear for light an
! | air Such an arrangement will benefit tn
! | adjoining house. which is being built b
2 Mr. Hennen Jennings and which belongs
the class of large residences.
| In design the two houses will harmonic
and as they will occupy the entire frontag
| of the square between r street ard Massa
| chusetts avenue the group effect Will be a
y | attractive one.
Investment Properties.
q The transaction which was closed durin
: the week by p. ]. Walshe, real estat