The Washington herald., 1911-06-04

mot only has the month of May
surpassed all other months of 1911
in the volume of real estate busi-
ness, but the year so far has ex-
ceeded the best that 1910 did in the
same time" said a realty dealer
yesterday.
1--WE have beaten 1910 by more
than 100000 to date, and there
is every indication that we will
close Our summer season with the
same lead, at least.
BIG MAY RECORD.
Every week day In May saw the closing
of an average number Of thirty-four sales
by nightfaIl in the District. The total
for the month was $50. an unprecedented
activity, that speaks we'll for the sta
bility Of real estate Investments in WASH
ington. Year after year property hold
ings go on with no change. except one
Of enhanced value, and unaffected en-
tirely by periods of deprs ssion that bring
down the prices in Industrial centers."
]. Louis Willige. president Of the VIII
lige, Gibbs & Daniel Company said: "A
most helpful conservator of values in the
preferred residential districts Of Wash
ington is the purchase and building Of
permanent homes by Senators and Repre-
sentatives. The class of buildings which
have been erected by or sold to this most
desirable class of residents adds to the
beauty Of the localities which they select
and contributes to sustain values by i'm
proving the sections Of the city chosen.
But the great benefit which Washing
ton derives from the homebuilding by
national representatives is that which
comes from their more intimate knowl-
edge Of the city's needs. which they de-
rive from citizenship. The perspective
changes materially from that which ap-
peared from the Capitol or from hotel
and apartment life in the city. Owner
ship and the assumption Of a citizen g
obligations give an entirely different point
of view that is the true view which Is
the basis of the citizens suggestions for
improvements or for relief from some
hard-pressing conditions.
City Greatly Helped.
preached Congress to promote needed re-
forms have always felt that those OF the
members who were most familiar with
conditions in the city were always more
sympathetic and inclined to regard the
wishes Of the citizens Of the District with
favor than were some who measured con-
ditions here by the standards Of their
own home towns with which they were
better acquainted
TT is a good thing" said Mr.. Willige.
ito have the national representatives set
tie in the Capital, to have a stake here,
and to learn by the very best sort OF
teacher the conditions which prevail, and
which make Washington. viewed as a
municipality, so very different from other
cities"
While Memorial Day always cuts into a
weeks business in the majority OF lines, it
had no depressing effect upon realty
transactions The effect was rather to
promote many deals that were consum-
mated through the leisure that the day
gave to some classes. The recorded trans
actions for the week show concluslvely
that the holiday was a home-builders'
day to a great many.
The same is true in the suburban dis
tricts, where the impetus of investment
has been most noticeable within the past
few weeks The activity affects all Sec
tions, and most gratifying reports como
in from all the surrounding sections
which have SO much OF attractiveness
and value to offer. The Introduction OF