The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-05-01


I the week has been what most brokers call
quiet This means that sales OF moderate
/ priced residences, building lots with a
/ few business sites, have been disposed OF.
and that the market has pursued the
l usual course. with no big deals cOnsum-
mated 10 set Real Estate Row talking.
( An estimate has been kept in one OF the
/ Offices Of the sales Of the month OF April.
/ upon the basis OF the records OF the Office
/ Of the recorder of deeds, and the known
values Of property about those sold The
/ aggregate IS about S5J00Gf for the month
! and is regarded as good showing under
all the circumstances. April has been an
/ average month. and the record was kept
I by one of the clerks IN the Office men
toned 90 form some working basis for
/ the amount Of money invested IN real es-
I tate Ia Washington within a given period.
Does Not Appear in Deeds.
The actual amount paid for property
/ does not appear In the deeds Of transfer.
I and only an estimate can be made ex-
/ cept by investigation Of each sale and OBJ
1 tanning from the persons interested the
actual price, a proceeding entirely imprac-
/ ticaDle. The estimate. therefore. may be
I some thousands OF dollars out % the way,
. but IL serves as a sort Of tangible figure
F for the monthly operations IN real estate
/ under purely normal conditions
. Much Interest has been taken during
. the week among real estate men in the
. announcement from the Census Bureau
q the growth OF the city daring the past
ten years The estimate OF The bureau
f Is 1000 In ten years, or an average Of
/ 400 a year Real estate men figure Il
out mat the natural growth or the city
4 requires provision Tot about l,--5 fam
4 iies each twelve months They also are
4 OF the opinion that this growth has been
{ partly cumulative that is rather faster
I during the last four years than in the
+ former SIX years. They believe that the
capital VIII continue 10 grow IN that
way Increasing somewhat faster every
! year.
Demand Practically Constant
II IS noticeable from the real estate
point OF view that the demand Is prac-
/ ucaHv constant and that the p-ovis,on
/ for the new families coming % the ..i.,,
has 70 be made finally in the newer po--
lions OF the city which are building Up
so fast Confidence in this growth is
undated this year. and tie opinion IS
that as time goes on the advance Will be
( even more rapid.
Among the larger sales reported yester-
day was the purchase Of ffty-nine acres
Of un.mproved ground near the corner OF
4 Fifteenth and II streets northeast by
. Col O. G.. Staples from the John Miller
estate, for which he is said 70 have PAID
about S275,0cl Col. Staples will improve
the property by the erection Of rows Of
I houses plans for twenty-five being now !D
the hands of the architects
The tract purchased has been made
I familiar 10 washingtonians by its occu-
path as a ball ground and as circus
! lot, Il was formerly occupied by the
/ Washington Brick Company, and a por-
ton Of Il is made land, where the com
pany years ago excavated large masses
1 eff clay for the manufacture Of brcK.
/ The building UP OF this lot will add
( much to the appearance Of the northeast
+ section, and viii probably start the
I growth Of the city Uninterruptedly out
! the Bladensburg road.
Market Project Revived.
For the last two days the project OF
1 the removal Of the commission mer-
! chants from Louisiana avenue north
( west has been again agitated. This time
+ the project has taken on the form Of
the purchase Of ground and its improve
/ ment for market purposes in Southwest
! Washington. Il IS said the Pennsylvania
/ Railroad has made tentative offer. 70
/ assist in financing the deal and that
/ fair chance exists that the project may
/ now 80 through
/ Ever since the beginning OF ConStruC-
I ton work on the new National Museum
Z building the merchants In the wholesale
market have seen the handwriting on
/ the wall that they would ultimately be
required to move Numerous plans have
been half worked out to accomplish the