The Washington times., 1914-05-02
SALES AND LOANS
IN APRIL S4,OOO,OOO
harp Increase in Demand in
Last Week of Month Omen
of Renewed Activity.

fDN estmcnts in the purchase or and
rs on local real estate during April,
g. aggregated st.OOO.O0O. The brokers
.-ceeded in closing 57S transactions
rhin the month just ended. Involved
these sales were 932 lots and parcels
real estate.
The absence OF a number of sales of
eat magnitude. which marked the &C
ity Of the brokers during March. was
~tly responsible for the difference in
Tres shown by a comparison of the
siness Of the past two months. The
vent OF warmer weather. however. is
'nfidently expected TO bring an in
sased demand for real estate both
I'm investors and homeseekers. The
"nins month. il is expected. will be
sson Of marked Improvement in realty
aiding. The number of sales effected
March was 696. showing a falling-off
. Il per cent during the past month.
The purchase by the Federal Govern
ont OF the site for the Red Cross build
as a memorial to the women OF the
>urth and South was the largest trans
'tion or April The price paid for the
guare Of ground bounded by Seven
zenith, Eighteenth. d, and 4 streets
'orthwest was $4,000. building to
"st S2,oc0.oC0 is 10 be erected on the site.
Week Shows Big Gain.
while the business of the past month
IS a whole. shows a decline, the trading
Z the last six days discioses an ad-
anCe Of nearly 20 per cent over the
perstions OF the third week of
ne month. This is an unusually
sood showing, as the last days OF =
onth are ordinarily the poorest in
. atty circles.
y total OF las sales were completed
the brokers during the week. In
ese were comprised 223 lots and parcels
real estate. The activity of three
avs of the past week was beyond the
rdinary. on two of them the trading
Ompared favorably with the best fig
es quoted this year.
Forty sales were cOnsummated on
u ionday. followed closely by WedneS-
ay. with thirty-siX trades 10 its credit.
esteTday witnessed the recording OF
Veuty-siX deals effected. Tuesday and
ach. Thursday was the dullest day Of
ne week. when fourteen transactions
My were closed.
The outlying suburbs ousted the
prthwest section this week from the
aad of the market. In this section
Nty-eight parcels of realty changed
wners. while siNty-two lots were sold
"a the neaT-urban district. The north
est dropped to third place, having
cen the scene Of only fifty-three sales.
ne SOUTHWEST W dS next N4Nu twenty
lots conveyed. There were seven
zen lots sold in the northeast and
ven in the southeast.
Real estate in Georgetown. formerly
O., longing to the late Daniel =. Eli was
rarsferred yesterday by the National
avinCs & Trust Co, trustee under his
IL Mr.. Eli named the German Orphan
sylum and the Evangelical lutherap
hurch OF Georgetown as reslduarE
, catees of his estate. BY the deeds the
,rphan asylum receives premises 1868 to
So T street northwest ''nl a large
sCant lot II the southeast corner OF
'hirty-fourth and o streets. The trus-
,e conveyed 20 the church houses at
GOl ThiTty-fifth street northwest ind
AZ y street northwest.
The Washington Steel and Ordnance
'cmpany, which opeTatea the steel plant
below Anacostia. added 20 its realty
.oldings this week The company pUr-
hssed N adjoining trait of land from
henrietta 3. He!skell. The price is not
lated in the deed.
\ further decline in the loan market
= noticed this week. The exact figures
or the past six davs were $500 20.
'his sum was borrowed on the security
Isl lots. IT an average interest rate
peT cent.
Straight loans had the lions shara Of
le weeks business showing an aggre-
ate OF 800. .292 The sum of all the
otes given for deferred purchase money
vas S6i.SII.2h The output of the build
~ associations was $62,350.
County DroDertv led as the choice OF
""urity. being encumberad to a total of
oi S54.sl. Land in the northwest was
'"dCed for Sl05.S50. The record of lOa ms
% II" other city sections was: North
ss'. $25-Gi.2S. southeast. $500. and
o ErhVeSt. s. Geo