The Washington times., 1913-04-12
BIG SALES FEATURE
IN WEEKS BUSINESS
transaction Involving $780, 900
Purchase Closed in Past
Six x>Days' Trading.

Quality rather than quantity mark
ed the operations of the realty brok-
ers during the second week of April.
While neither the number of transac-
tions nor the volume of trading
equaled the record of the first week
of the month, the past six days wit
messed the closing of one sale involv-
ing 100000, another in excess of
$4,000, and several in which the con-
sideration approximated $4,000.
In the loan department, the brokers
during the week almost reaching a
million dollars. Taken as a whole the
business Of the past week has been
one of the most successful thus far this
year. Its record shows Improvement
over the second week of April, 1872.
Thursday, the opening of the ball
season. did not have the expected de-
terrent effect on the activity of the
brokers. but proved to be the second
best day of the week. The brokers sue
vending their way to the ball park.
Monday, with thirty-two sales, was the
only day of the week which excelled
Thursdays record. Wednesday saw
twenty-seven sales closed, twenty-five
were concluded on Saturday and twenty
on Tuesday.
Rain Hurts Business.
There was a decided drop in business
yesteray. only thirteen sales being rec
corded on Friday, which is ordinarily
one Of the busiest days of the week.
The incessant rain may have been re-
sponsible for this decline in activity.
The weeks total of transactions was
lf7, in which were included 24S lots and
parcels of real estate. The first week
of April saw $50 sales consummated.
week of April, 1912. witnessed only 130
transa ctfons effected.
The outlying suburbs had the lions
share Of the weeks trading, aggregat-
ing 1a parcels sold. The northwest
ranked second with sixty-two lots con-
veyed. There were twenty mine saics In
the near-urban district The northeast
and southeast ran a dead heat, each
recording nine lots transferred. There
were three lots sold in the southwest.
Business Sales Important.
Marked improvement was displayed
this week in the sales of business
property. The principal sale of the
week involved the Rich building at
1901 r street northwest, valued at
100000. The American Security and
Trust Company. which held the title
in trust conveyed the property to
Augustus p. Gardner, of Massachu-
setfs.
Tie next most important transfer
was 1901 Pennsylvania avenue north
west. directly opposite the Raleigh
Hotel which was purchased by Lem
Towers. jr., at price said to be In
excess of $4,000. 1t is understood
the property is under lease to Dunbar
& Co., for about eight years.
Not
Company has purchased the property,
1925 New York avenue, adjoining its
business location. The consideration
exceeds $4,000. Another mercantile
Socket t-Fiske COMPANY bought Of
Orren G. Staples the property at 919
E street northwest. adjoining the new
building Of the Washington Tobacco
Company, The consideration is not
The National Union Temple Asso-
citation bought this week the prop
critics at Hos and 1110 Ninth street
northwest, one block north of the
Pythian Temple. The buildings were
The price paid Is not announced.
Savings Banks Purchase.
Two large vacant corners or upper
Fourteenth street have changed own
ers. The Park Savings Bank yester-
day bought the southeast corner of
Fourteenth and Kenyon Streets The
lot fronts SO feet on Fourteenth
and has a depth of 1877 feet ON Ken
yon street. A new home for the in
stftution viii probably be erected
there.
Col. George F. Schayer. former depu-
ty recorder of deeds for many years.
now living in New York State, has sold
to Harry B. Wilson the southwest cor
streets. It is reported Mr.. Wilson will
improve the property with a handsome
apartment block The lot fronts 145 feet
on Fourteenth street and nearly 200 feet
on Fairmount street.
The weeks largest financial transac-
ton was placed on record by the Chaplin
Sacks Manufacturing Company, which
its property covering the en-
tire block between, First and Second
and l. and NJ streets northeast to Sc
cure an issue Of bonds aggregating
500, 900. The bonds are underwritten by
the Continental Trust Company, and are
payable April ]. 1928, with interest at
s per cent.
Loans of Week Large.
The bond issue helped materially in
boasting the weeks figures for loans
to the total of ssg5, 5,37e.e1. This sum was
borrowed on the security of 229 lots at
an average interest rate of 5.i per cent
Straight loans continued to lead the
market with an aggregate of Ss13, ,24o 60
The output of the building associations
reached S99, ,l5o. The sum of all the
notes given for deferred purchase
money was So. .9s0.31.
Land in the northwest was most IA
vored as loan security, showing a total
of $3.50 $50 The northeast was In second
place Nth 1881 1900. County property
was pledged for s173, ,ssO.3l. Loans in the
southeast totaled $3.50 and in the