The Washington times., 1914-01-17
.NIDWINTER REALTY
TRADING IS BRISK
Red Cross Decision to Buy
Square and Expected Plaza
Action Boosts Business.

Bidwinter realty trading continues tc
Z e satisfactory. While the large trans
..ctions which marked the opening days
4 the month were missed this week,
ne brokers succeeded in closing sew
raj deals at good considerations ana IL,
Escuring deposits on sales to be com
I leted later.
The decision of the National Red
ross Association to buy the square ly-
srR between Seventeenth and Eight
Centh, D and E streets northwest, at a
consideration Of SS57,0OO and the favor
ahle action expected by President VII
IN in paying out $S,000.00o for the
lsza condemnation swRzdS, viii have
The effect of stimulating real estate ac-
Tivity. A large portion of this money
Is expected to be reinvested In real Es-
taLe for home or on speculation
A slight Improvement was noticed
Turing the past week In the number OF
i-ansactions effected. The brokers
{ sed Ils sales In the last six days, an
Increase Of one sale per day over the
ecord Of the initial week of January.
Included in the weeks sales were al1
lots and parcels Of real estate.
Was Evenly Divided.
Ths weeks bushes was rather evenly
'RstriSuted. Monday was the, busiest
uRy. seeing twenty-thres deals closed.
wednesday, and Thursday were tied,
Nth twenty-five transactions each
There were nineteen sales completed
tuesday, seventeen Saturday, and if
zen Friday.
outlying suburbs did not have the
extensive lead Of previous weeks in the
fInSter of-sales, but managed to remain
Sn the van. Fifty-fve parcels Of realty
changed, owners In this section. The
no1hwest ranked second with forty-five
lots conveyed. which happened to be the
.1oenucals number traded there in the
previous week. There was a decided in
lease in trading in South Washington,
" hlch brought that section 10 the third
mace, with thlrty-toUr lots transferred.
q he southeast ranked fourth with
Thifty-one lots sold. There were twenty
'sOts conveyed in the near-urban dis
yF7ct, and sixtseu lots sold in the north
east. ->-.E sT- -
The largest completed sale OF the
"A eek. involved the business house at
lib Pennsylvania avenue northwest, oc-
Clpied by Harris & Shafer. The prop
sTty belonged to the estate of the late
rank A. Lutz, and was bought BY
outs Mandes. The consideration is not
:Llnounced, but IS thought to be about
Has $4,000 Trust.
The purchase of the Madrid apart-
gneRts at Eighteenth street and Kalo-
rana road, was another important deal
q the week. Thomas H. Pickford sold
1le~property to, Samuel E. Cornvell.
Attsr placing a trust for $4,000 on the
CToperty, Mr.. Cornweu conveyed II to
Mrs. Jane w. 3. Moran. The purchase
pTtce is not made public
IN connection with this purchase Mrs.
ioran sold to Thomas II. Plc<ford her
residence at 1855 New Hampshire ave- |
fTn
ne property to Clarence ". Colliere.
The former home Of Charles c. Glover. !
~ = jackson place, or Lafayette SQUARE
ss AZ Is sometimes called, figured in the |
den secured the property last July In a !
Trade with Mr.: Glover Yesterday he |
SOD the house to Frank B. Kohlnann. |
i hes consideration rs not stated.
James Cardinal Gibbons Archbishop
II Baltimore, took title yesterday to a |
nalf square Of ground at Fifteenth and /
saSt Capitol streets southeast. The plot |
Holudes eight original lots and COM
treet from East Capitol street to A |
'treet The consideration named in the
'eed Is nominal The property was ac-
luireG by Rev. Clarence Z. Wheeler.
'Astor of Holy. Comforter Church and |
Niu be the site Of a parochial school to
- erected for use Of Holy Comforter
aArish. As all the title to church prop
s-ty IN the diocese is vested in the Car
ma, Ine deed was made to him
l.. Sells One of Row.
Herman r. Howenstein sold yesterday
ne OF the new row Of eight houses on
last Capitol street just east Of Lincoln
ark. The purchasers are Charles ".
5winn and Mary s. Gwinn. They will
-ccupy the property as a home. The
onsideTation was about Sc 300
The fnan market showed a decided de-
line this week from the record break
HR- figures Of the first week OF the
=lOnth- The total of loans for the sec
nd week Of January was KS. SO &C.
q MS sum was .boIroweq on the security
+ 4z2t lots 81 Il5 q aWeTiAgs interest rate
, 81 per cent.
Straight oaTs@ceIIstit lted the. baik OF
ne weeks business. The total OF
ans OF this character was S13S4s.49.
ne sum Of all the notes given for de-
erred purchase money was SsI. .s91. 80
he output OF he building associations
as :52.7 -s
The largest toahs- we're Secured on
rUDcrty IN the Northwest and there
IS encUinJercd 10 the extent Of Si52,-
3 e. County property gas pledged as
-cur.ty Tor an aggregate Of Sl34,3 1854
re record OF Ioang IN the -otEerscity
scticns Is. northeast.w " $S5 $50; south-
Fest, $3.50. and southeaE, $IG,BQ