Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-02-06

sources outside the city. That was
| time when the financial resources of the
Institutions of the city were not as large
is the case at present There was not
actually sufficient money to do the bus1-
, ness OF the city. All this has changed
The growing bank deposits and the In
creasing scope of the institutions furnish
tangible evidence Of what has taken
place.
With competition bringing down the
rates for the use of money and the same
influence at work on the market for
houses 1t appears that both building and
buying will be stimulated during the COM
| ing season, and that the anticipated nor
NAL activity will be enlarged. If that
| happens the apparent reduction In profit
both to those who loan and those who
| build will be made up by the increase
in the volume of business done.
| Merely from the financial point of view
the outlook for the coming months in the
realty market is promising.
Mrs. Pullman's Residence.
| Plans are being prepared for the resi-
| dence which Mrs Pullman designs to
have erected on the large site she re-
| Gently acquired on the east side of 18th
| street between l. and NJ streets north
| west.
| 1t has a broad frontage of 1OS feet with
depth of l20 feet to an alley. There is
| also an alley on the north side of the lot.
| The title was in three holdings-Mrs.
Candee, the Proctor estate and the War
der estate.
1t is understood that the price paid
/ averaged in the neighborhood of 81 80 per
square foot. Nathan Wyeth, architect,
| is preparing plans which will provide for
! residence that will he suitable for the
vicinity and also for the spaciousness of
the site.
Just to the north is another wide front
age. the sale of which was recently an
nounced. At that time it was said it was
! 70 be the site of the future home of
former Secretary and now Senator Root
of New York.
Now, however. it is the opinion of those
who appear to know that Mr.. Root Is not
the purchaser and the best guess as to the
identity of the new owner is that it is a
man who is going to have one of the
places in the cabinet Of Mr.. Taft.
At any rate people who are interested in
property along 10Th street are pleased at
the announcements of these two transac-
lions and also the further news that i'm
provements of an elaborate and substan-
| tial character are to follow.
As to Residence Sections.
: Perhaps the feeling on the part of those
interested in property in this locality is
further intensified because it may be a
sort of reaction from the apprehension
E that everybody had their eyes turned
Y in other directions for residence sites
liable TO be overlooked While there are
other residence localities regarded as
: proper by people who want to have THEN
, homes within the charmed, but indefinite
section where good society lives, tnat fac
does not seem, in this city at any rate
to destroy the virtue of other locations
: or to prevent new ones from arising.
What Is known as the Sheridan Circl;
: locality Is the newest of this class 1t ha.
y not put other sections of similar preten
, sions out of commission and far a
y can be seen is not likely to-
Just now there is considerable activit,
4 in that section. but more in the way O
buying building sites then in the erectio
of houses, although a new house is TO b
started in the near future for Gibso
:. Fahenstock. 1t Will occupy the only re
N naming vacant space on the north sid
/ of Massachusetts avenue between tn
r circle and S street and will be thanked o
:. each side by the residences now bein
~ built for Mrs. Moran and Mrs. Wyetf
y The new house is being des: gned by Nj
II Wyeth, who has in that section humble
OF examples Of his skill and taste in dc
a. nestle architecture.
ar Farther to the west and along the sam
,e avenue and nearly to the bridge acros
"a Rock creek. Horace II. Westcott. req
IF estate broker. reports several recer
re transactions involving changes in owne'
ut ship of unimproved property The detail
IN are not given except that loo feet IRON
,e age on the north side OF Massachuset
avenue between California and BelmoI
In streets, has been sold. as has anotht
r similar frontage on the opposite side
tn the avenue.
n 1t is also reported that the Potoma
H. Realty Company has bought the grour
or at the northeast corner of Massachuset
ny avenue and Belmont street and that Mr.
In Helen c. Candee has bought ground e,
N. tending along Massachusetts, avenue b
II tween Belmont and Park road. The pr
ev sumption Is that these purchases We
by made for the purpose of following tn =
up with improvements.
Transactions in Property.
H. The large piece OF vacant ground 'yiI
ey TO the east Of the Chevy Chase Giro
Is, has been sold by Thomas J. Fisher
a, Co. The name OF the purchaser Is Il
mt given.
!, 10 understood this transaction will
lie followed by the erection OF a residence
DIS this site. II ie stated that for the 80
le- square feet the sum Of $1,000 was pal
en- which Is at the rate OF 10 cents p
ed square foot.
DIS The house Immediately TO the north
understood to have been sold. and aft
he next fall the new owner will occupy Ii
I'm bis residence. The last piece OF uniI