The Washington herald., 1914-07-19
TO INVOLVE ,OOO,OOO

Plan Eagerly Pushed BY 3.000.00C
Immigrants from Sunny Land
Trade Picks Up.
I Washington real estate men are great
hly interested In the reported plan Of tbs
italian government to erect N.0o0,O0
embassy In this city. which will surpas:
in magnifcence anything in the line oi
embassies ever built here.
| One Of the strongest influences for a
new embassy II the presence Of 20Oo.I-.
Italians IN this country, who are making
every effort TO influence their home
government to erect building In Wash.
ington that viii be a source OF pride tc
the sons and daughters OF Italy, whether
on this side Of the Atlantic or the other.
This movement 10 particularly strong in
New York City. and an organized move
ment has been started there TO secure
cooperation OF every Italian club and
society in America in bringing pressure
to bear on Italy In this matter.
Trade Has Picked Up.
Realty trade picked up wonderfully
during the past week. showing an In
crease OF IS per cent over the trading
Of the previous week. The months rec
ord also Is Bkely TO surpass the record
OF July. 1913
During the week there were record ed
l3s sales. involving rs lots and parcels
Of realty. a daily average OF q sales.
The activity was fairly distributed. Mon
day was the busiest day. with twenty
nine transactions. Thursday was a close
second. with twenty-eight- Saturday. 5
half-holiday furnished twenty-three
trades. There were twenty-five deals
closed on Wednesday. twenty on Friday,
and seventeen on Tuesday.
The selling of outlying suburban prop
erty continued to dominate the weeks
trading, but not by the wide margin of
the initial week Of July. A total Of sew
owners In that section An Increased de-
mand for property in the northwest
brought this area into the second place
In the weeks activity there being more
than twice as many lots in that locality
sold as In the preceding week. The rec
ord for the northwest was forty-seven
lots The near-urban district was in
third place with total Of forty-two lots
conveyed. followed closely by the north
east. with thirty-seven. lots transferred.
There were twelve lots sold In the south
west and nine lots in the southeast
BiEEest Sale of Week.
The biggest transaction OF the week
was made in South Washington. invoIv-
ing a considerable OF $1,000
South Washington has the credit for
what was probably the largest sale of
business property this week. in which
was involved land and improvements
valued at E5.oOo. Leonard A. Snead sold
to the Washington Warehouse Company
the entire western half Of square 50s.
Nr@neNn- -,
street. and Virginia avenue northwest
The property formerly belonged to the
Barbour estate. and was acquired last
month by Mr.. Snead.
The largest sale OF residence property.
and probably the most valuable transac-
tion Of the week. was made by EIdridge
Z. Jordan. Mr.. Jordan sold the prem
ises at 1915 Massachusetts avenue north
west. at Twentieth street. a short block
from Dupont Circle. to Harriet H Rock
wood. The price is not made public but
the deed recites that the conveyance is
made subject to encumbrances totalIng
$4,000
Another valuable residence changing
owners was l32O Massachusetts, avenue
northwest. which Patrick Cannon pur-
chased OF George A. Provost. The con-
is not stated. The residence
at 1444 Rhode Island avenue northwest
was conveyed by Martha A. Roosa to
George B. Schadman. The price Is not
mentioned Jacob NJ. Stein purchased
a residence at 1924 Vermont avenue
northwest.
VIII Decide Tuesday.
Gist Blair, president Of the Real Es-
tate Trust Company. stated yesterday
that his company may take over the
holdings OF any of the stockholders Of
the United States Trust Company. A.
probably will be reached on
Tuesday.
Mr.. Blair explained that. should his
decide to take the step, stock
holders of the United States Trust Com
pany who desire TO exchange their shares
for those of the Real Estate Trust Com
pany will be given stock held in the
treasury of the latter company In re-
turn. The basis Of the exchange will Be
share for share, he said.
II is stated that a number Of large
of both companies favor
such action. and II is probable an agree
nent will be reached.
Advances OF the downtown business
district on Connecticut avenue were
marked during the past week, by the
'ale Of the building at SIS Connecticut
avenue. which viii be remodelled and
made suitable for doctors Offices.
The property was bought for the
George F. Hun estate, through Story
I Cobb, from Harry wardman. 1t was
exchanged for a A0x1oO foot lot nearl
Swami street and the Avenue Of the
Presidents, plus a cash consideration. !
rhe building is a three-story brick resi- |
ience with a frontage Of 3 L. feet It |
8 one that Will readily adapt itself to |
as an office building.
Almost directly across the street from |
his building Is the old Army and Navy |
Tub building, which carpenters this week |
'egan remodeling Into an ONCE building, |
for physicians and dentists. |
This work will cost approximately $4,000 |
rhe plans for the changes were made by |
HadCy B. Wood, architect
One Washington firm has offered an
insurance plan to government clerks who
,uy homes through this company.
The firm Is the A. c. Moses Company. |
Incorporated. and any person in the