The Washington times., 1908-10-25
First Dull Week in Local
Market Since Early
Summer.
MANY NEW DEALS
ARE UNDER WAY
Brokers Not Depressed by Temper
airy Slough and Look for I'm
mediate Resumption.

While for the first time since early
last summer there has been a dull week
in the local real estate market. the six
day period just past was not wholly
lacking in movement The number Of
notices Of transfers filed with the Re
cOriler OF Deeds was almost as large
as II was the previous week. showing
that the usual undercurTent Of trading
was stil strong. But the purchases for
investment, for homes, or even for spec
Ulatlon. were few and far between. OF
real features IN the way Of big deals
by brokers there was none.
Deals Under Way.
The air Is filled with rumors Of large
transactions about to be closed. This
is a familiar phase. and lends interest
% the situation. even If il does not add
facts. Il is very probable. however,
that some OF the reports viii be ve-i-
fed IN a few days by the announcement
OF few big deals. One real estate firm.
for instance. has under way a deal in
voiving a property valued at something
more than SOD. 900; another has agree
ments signed In the sale Of a large
apartment house for nearly $4,000. and
details will be published when final pa
pers are passed. A third firm is pTepar-
ing 10 contract for the construction OF
some $50 new houses in a new residen-
ual section that II Is developing. And
so it goes. these being private enter
prises.
Many New Rows.
The Government IS also preparing for
Active building operations, and inter-
mingled with these large deals are
great number OF small ones. In all
parts OF the city private residences are
in process OF construction, new rows iof
houses are under way, and new apart
ment houses are building or being plan
ned. One weeks dullness. therefore,
indicates nothing as far as the future
IS concerned. The concrete evidences
Of activity. on the other hand, meet
the eye on all sides. and are in them
selves the fuure-in process Of devei-
opment.
Election Less Felt.
The lack Of activity during the past
week has been a lack OF initiative. The
deals now under way were planned pre-
viousIy. Discussing the situation. one
prominent dealer said:
"As election time more clsely ap-
proaches. peoples minds are prone 10 be
less occupied with new business affairs
There is some bushes depression always
TO be expected around the time of q
Presidential election. This is usually
felt. too IN the real estate market 1t
is quite true. however. that 1t is being
felt less this year than IN former years
when national election occurred
I'VE have been busy of late IN car
rying along a number Of deals that were
Instituted a couple of weeks ago. New
business has been light, but from the
inquiries that are being made from vari.
Gus quarters il Is safe 70 predict that
activity will be resumed by the middle
Of November at the latest There are
enough transactions under way 10 com
peusate for the lack OF new deals, and
as ] just said, the inquiries coming in
viii result in a certain proportion OF
fresh business.
Outlook Bright.
THE outlook is bright, without any
doubt. Money is not nearly so scarce
as one might be led 10 believe from
some OF the reports. 1t Is seeking IN
vestment. and in no field IS II being
placed more freely than IN real estate.
A deaTth OF new projects is only TO be
expected now ana then. II does not
alter the fact that the average OF DuSl-
4rsfa 1l1fra