The Washington herald., 1910-07-10
Transactions of the Week in
Fair Volume.
PEOPLE LEAVING THE CITY
Street Railway Service Has Impor-
tant Bearing Upon Extension OF
the City-Home Builders Would Es-
cape Conditions in Downtown Dis
tricfs-SaIes OF the Week.


actual sale OF a score Of residences, with
some transfers Of lots IN the suburban
subdivisions. tells the story of a dull
week in real estate.
The weather has been oppressively hot.
except FOR TWO days. and people are get
ting away from the city instead Of buy
ing real estate. Moreover. the entire
spring period has been only moderately
active, and the summer promises 10 be
long and dull in the brokers' Offices.
Brokers are in no way discouraged at
the prospect Though buyers for prop
erty have been fewer during the last
few months. values have not deprecated,
and the fact is realized that the market
may improve at any moment. There is
no diminution IN the movement toward
house buying by those who are seeking
10 become permanent residents OF the
District
Clerks Buy Homes.
Government employees are stin invest
ing their savings IN homes or in small
investment purchases. and outside capt.
tai continues to come 10 Washington Tor
investment. II may be expected, there
fore. that the property market will con-
tinue reasonably active for months. and
even years, TO come No one who has
given the subject careful study has any
doubt about the safety of Investment in
Washington real estate.
No one believes for an infant that the
rapid growth Of the city. which ha:
been receiving increasing momentum foI
several years. viii be stopped. Many IN
terests are centering in the Capital. Il
IS bound TO become a great and flourish
ing city. with its share Of trade indus
try. and all that goes Herewith. So far
as the situation can be forecast, there
will be no slump in values and none
in the healthy growth Of the city.
Evidence Is not wanting that the limit
has been nearly reached IN some lines
of development. and II may be tina
new forms Of investment viii have 4
be found.
For example, the small six-room house
has been multiplied enormously. and II
would be natural for the buyers of such
property TO be exhausted, or measurably
so. Just now in tho class OF property
lust above the. cheapest there is a good
degree OF activity. Families who have
lived many years in their homes down
town and who have accumulated a little
money are getting new and better homes
a little father out. IN many Instances
the new houses are constructed on gen
erous lines, and il would seem natura
for contractors and builders Ia the mex
Few years 10 supply this class or buyers
with good homes IN the suburbs.
Should this movement once begin +
would lead 10 start toward the resi-
dence park which gained much head
way several years ago in Cleveland Parl
and Chevy Chase It is believed by man!
that the success Of SeuFs Addition coul'
be repeated three or four times in tn
rolling country north, I northwest and
northeast Of the city
street Railway Service.
The street railway service is surely.
slowly. improving, and the progress to b
made In the next few years, demands
by the expansion Of the city in all direc
tions. must be several times greater thai
anything the city has yet seen. This I'm
movement will extend not alone TO put
ting more cars and better cars on exist
ing lines, but new lines will have 10 b
installed TO make room for the disinte
grating movement of the population Il
the downtown districts.
washington people have made up thei
minds that there is small advantag
these days in living within fifteen min
utes' ride or walk OF their places OF bus
ness. It is for the street car to bridg
The distance, and whatever may be IN
desire OF the management for eeonom
OF operation In the hope Of larger div
dends. the expansion Of the systems mus
go Forward to meet the increasing need
of traffic. That is inevitable. whethe
stocks and bonds pay we'll or not. and
IS the real problem confronting the trans
portation companies at this moment.
It is not enough that the service Ia
been Improved, extended and made bette
in many ways; the work must go OF
and experience shows that il viii nc
go forward quite as fast as the needs c
traffic require. but with patience all thes
problems can be solved and the wor
OF the street railway commission is prob
ably Fastening the extension OF the trai
fie systems and thereby FASTENED the e.
tension OF the city much faster than
otherwise could have been accomplished
some snIes of the Week.
Isaac and Anna Krikstine have sol
the premises at 253 P street northwest
one Of a row Of store buildings, just com
pleted by the vendors. at the northeas
corner Of Twenty-second and P street
northwest The price was $500
Watson ]. Newton has sold lot 43. i
square 2sH, located at the northwes
corner Of Eleventh and Lamont street
northwest for about $500 The lot Ia
o frontage of IS feet on Eleventh stree
BY depth Of about Is feet. The pur
chaser is having plans prepared to erec
a three-story brick building for bushes
purposes.
Harry Wardman has sold the two-stor
brick house at 6s5 Lamont street. II oc
oupies a lot % feet front by a depth c
approximately 90 feet to a rear alley
The house has six rooms and bath. It /
understood that $1,000 was paid for til
property. which will be occupied by th
purchaser. Olaf B. Solem.
Lille NJ. Muchelnaus has sold lot 0
Kenyon street northwest. between Thir
teenth and Fourteenth streets, upo
which the new owner win erect res
dence.
James A. Rogers has sold premise
sSss-S9-A Thirteenth street northwest 70
the total amount Of Szz750. to three iI
dividuais, who will occupy the houses a
homes. They were purchased by Georg
Pitt. J. Cannon. and Mr. Elliott