The Washington times., 1913-05-31
More Sales Closed in Five Days
Than in Any Full Week So
Far in Present Year.
MONTH ALSO MAKES RECORD
investments and Loans Reach
s6,oooy0O0, or $780, 900
More Than Total in April.

working days than have been effected
in any full week of six days in 1913 Is
the distinction marking the operations
of the real estate brokers in the closing
week of May. Owing to the celebration
OF Memorial Day the brokers had one
dav less to devote to selling. yet DO
strenuously did they bend to their tasks
that in the last five days Of the month
they completed 1871 transactions. main
tanning a daily increase of one sale over
the record d-breaking activity of the
preceding six days.
Not only did the total of deals sur
pass the former record mark for the
wear, but q new standard for days
activity for the year also was estab-
lished. Thursday. May Q. witnesseo
the completion of fifty-seven sales. also
exceeding by five the number of safes
effected May 20. which had been the
banner day for 1913. a..
last week also -excelled any previous
veek's business of the month. In flve
daye a total of 400 lots and parcels OF
real estate changed owners. This num-
Der is nearly 100 in advance OF the vol.
ume of trading in the second week OK
May.
The past week, with its unprecedented
activity for five working days. puts q
fittinx close to a month of unusual en-
deavor and surprising results. May
takes first rank In the record for lsls'
Allowing a total of go transactions ef-
fected in which were involved 1,2sI iots
and parcels of real estate.
Investments for May in the purchase
of and loans on real estate reached $6'-
Ooa,0oo SURPRISING by nearly 100000 the
total invested in April. 1913. Compared
with May, 1919, the money invested this
month shows an advance of $l,OOo.oOo.
There was invested s5.ooo.0o0 in May.
ls,.. which month saw only ss5 sales ef-
fected, comprising LIS lots and par
GELS Of real estate.
While Thursday was the banner day
N the week, the brokers were required
TO keep busy on the other days to reach
the eminence of activity required. On
Wednesday forty-six sales were closed.
thirty.eirht on Tuesday, twenty-eight
on Monday. and twenty-five on Satur =
days half holiday.
Near-urban property was in demand
during the closing days OF May,
within that area The outlying suburbs
ranked second, with ninety-one par
cells conveyed. There were seventy
1--WE lots sold in the northwest, twenty
two in the northeast. seventeen In the
southwest, and ten in the southeast.
Downtown business property did not
figure very extensively in the opera
tions of the week. Still there were
several sales of business sites
Money Marked Is Active.
Probably the largest sale of the
week in business property was store
1895 Pennsylvania avenue northwest.
purchased by Isaac Neuman from
william Baum, at a price said to be
$1,000. Mr.. Baum has owned the
property only a few years, and Is re-
store 504 Eleventh street northwest.
near the new building of the Fer
petual Building Association, was
bought Thgrsday % by by s,hsat Charles from n
". Thompson Burch. The considera-
fion is not stated. The southwest
corner of Eleventh and E streets
northwest was transferred to the re-
Gently organized Harrington Hotel
Company. The site is to be improved
by a handsome hotel building.
The Gunton office building. at Az
Louisiana avenue northwest. almost
directly opposite the City Hall, was
SOLO during tHe "tth- Ncot 80
pell conveyed the properly 10 Lille
w McCullum, who transferred 1t to
John w. Brawner.
The money market participated in
the general activity Of the declining
days of May. The total of loans In
the past week is nearly 100000 in ad-
vance of the third week Of the month.
For an abbreviated week the total is
Considered exceedingly good.
Loans Total 6I1,e7e.II.
The exact figures in the loan market
for the past week were s61l,91s.11.
This sum was borrowed on the secur-
fly of .206 lots at an average interest
rate of 5.6 per cent.
Straight loans and purchase money
trusts had a close race for supremacy.
the former winning. The total Of such
loans was s2ss,o95.2s. The sum of all
the notes given for deferred purchase
money was s245.722.s2; The building
associations advanced to members
County property and the northwest
section were not far apart In the
contest for the lead Of the market,
County property was piedged Ior
s6.ii2i0, and loans on land In the
northwest totaled s235,sSl: Inc recoro
OF loans in the other city sections
ss7,475.eI, and southwest, $l4,16.
Gospel Mission