The Washington times., 1913-03-22
BOON HAS OPENED
IN SPRING REALTY
Transactions of the Week Are
the Best Since the Beginning
Of the New Year.

Tho spring boom of 1918 in realty
trading was launched successfully this
week. Operations in real estate, which
began TO. multiply in the second week
Of March, assumed extensive propor-
lions during the past six days Holy
Week proved to be the best the brokers
have experienced since the beginning
OF the new year.
The transactions Of the week reached
. total Of 1S3. an increase Of nearly Is
Der cent over the number of sales ef-
fected last week. and more than 10 per
cent over the business of the best week
Of March, 1872. The high mark for
days activity In 1913 hung up last week
was excelled twice during the past six
days On Good Friday forty-three sales
Were effected, and in closing forty-eight
transactions on Wednesday the brokers
established a record which was exceed
cd but rarely In 1912. 80 .--.
While phenomenal business was con-
Quoted on these two days, the brokers
were fairly busy during the balance of
the week. Tuesday saw thirty sales
closed. twenty-four were compieted on
Thursday. twenty on Monday, and
eighteen on Saturday.
Outlying Districts Lead.
Suburban activity, the sure harbinger
of spring. was particularly noticeable
this week. Out Of a total of 314 lots
and parcels OF real estate figuring in
the weeks business, 80 parcels were
sold in the outlying suburbs. The north
west was active and returned to the
second place in the weeks trading, with
eighty-one lots conveyed The near
urban district Is found In third place,
with a total of seventy-two lots sold.
The northeast and southeast sections
ran q dead heat this week, each report
ing the transfer OF thirteen lots. There
We're five lots sold In the southwest.
While the majority or sales in the
northwest were of new residences and
residential sites, there We're several
1ransactions recorded within the bust
ness area. The largest sale of the past
six days involved the Bradford building
at eA and 906 Fourteenth street north
west David A. Arnold. OF Pennsyl-
vania, became the purchaser for a con-
sideration reported as about $4,000.
Goldenberg Buys Properyt.
Other sales Of business property in
cluded premises s02 Seventh street
northwest. bought by Moses Golden
berg: 407 Eighth street. acquired by the
Potomac Electric Power Company. and
EOS E street northwest, sold at auction
10 John II. Nolan. for slO,7o0 The con-
sideration or the other TWO sales is not
announced.
Among the interesting deals Of the
week was the sale by the Countess
Martina L d'Ajeta, Of Italy. of the
house, 1873 I street northwest, TO Muir
ray A. Cobb. The Sisters Of Mercy IN
the city of Baltimore. acquired property
on kingman place between p and =
streets northwest. William J. Garrett,
trustee. sold to Charles II. Butler prem
:ses, 1887 / street northwest adjoining
the Gloucester apartment.
The loan market also experienced
slight advance this week displaying an
increase of more than 10 per cent over
the business OF the previous six days.
The exact figures for the week were
$5l6,136-F. This sum was borrowed on
the security of go lots at an average
interest rate of SIS per cent.
Straight Loans of the Week.
Straight loans remained in the van of
the market, aggregating S34l, ,ss2.42. The
loans from building associations in
creased this week and secured second
place with a total of Ss3.100. The sum
OF all the notes given for deferred pur-
chase money in the past six days was
Ss1.77foS.
County property was in greatest de-
mand as loan security. showing total
Of $24.07l.6. Land in the northwest
0A.l2. The record of loans in the other
city sections was northeast, So, 800;
southeast, SIS, $50 and southwest $l2,li5.
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