The Washington times., 1916-06-03
REALTY TRADING IN
MAY MAKES A NEW
RECORD FOR MONTH
Brokers Close 500 Tramac-
tons, Involving an Invest
ment Of $4,860,000.

Realty trading for May, 1916, estap-
lished a new record for a months ac-
tivity this year. II also exceeded both
In volume and number of sales the
record Of May. 1915. and was we'll in adj
vance OF the corresponding month In
1913. The Times forecast. that the
record for the past month would be
notable. was verified abundantly.
In closing Cos transactions In May the
brokers topped by twenty sales the
record OF May, 1915, and 100 sales ahead
OF May, 1914. In the volume of trading.
the past month with its record of 1904
lots changing owners was nearly 800
lots over the business Of May of last
year. Over 100 more sales were COM
,pleted last month than In April. 1916,
and two more lots were transferred
than In the fourth month of the year.
The investments In and loans on local
real estate in May totaled $4,000. and
exceeded April. 1916. by nearly 100000.
In May. 1915, the total investment reach
ed S5.o00.oO0
LOG Trades In Week.
Because OF the Memorial Day holiday
and the consequent reduction Of the
working days to Ave. the past week
failed to measure up to the activity
that has characterized the market re-
Gently. In the FIVE days the brokers.
however, were able to conclude los
transactions, sustaining an average of
twenty-one sales daily. Involved in the
operations of the past week were 345
lots, gain Of more than sixty over
the activity of the preceding six DAYS.
Friday made the best showing of the
week. with Twenty-Five deals to its
credit. "wednesday ranked second, with
twenty-five trades. followed by Mon
days record Of twenty-five sales. There
We're twenty sales reported on Thursday
and ten on the half-holiday of Saturday
The office of the recorder of deeds was
closed on Tuesday.
The outlying suburbs practically mon
opolixed the weeks trading A total
OF 20 parcels were conveyed in this
section out Of the weeks quota of 345
lots. The northwest was in second
place. with thirty-nine lots to its credit
followed closely by the near-urban dis
trict. where thirty-two lots changed
owners. There were eleven lots sold in
the southeast. nine In the northeast,
and four In the southwest.
Catholic University Buys.
The Catholic University of America
seems to have been the largest investor
In Washington real estate during the
past week. For price indicated by
the revenue stamps at $4,000. the uni
versity secured two tracts or land ad-
Joining itA holdings near Brookland
The areas of the tracts are not spe-
ctfied In the deeds One was purchased
from r. H. c. Beverley and the other
from Harry q. Laycock. The plans of
the university concerning the now pur-
chases have not been announced.
The Pierpont apartment, on r street
northwest. between Second and Third
streets. figured in the weeks trading
Alice V. Waggaman conveyed the prop
erty to the Metropolitan Loan and Trust
Company. The stamps indicated a value
OF $4,000. John c. Wilson invested S25,-
600 in the purchase of a lot and part OF
two other lots in Woodley Park from
Theodore Sengstak.
deed was recorded yesterday con-
veying to Senator Blair Lee of Mary
land the property opposite the State,
War and Navy Department, and known
as 1859 Pennsylvania avenue northwest.
The conveyance was dated several years
ago. but. appeared not to have been
recorded before.
Loan Market Slumps.-
The loan market suffered from the abb
breviated week and showed a decided
decline from the record Of the preceding
six days. The exact figures in loans
for the past week were s439. 6o6.7. This
sum was borrowed on the security of 15s
lots at an average interest rate of &C.
per cent.
Straight loans predominated with an
aggregate Of 1921. 53s.73. The building as.
hociations advanced to members s1Os. 600,
The sum Of all the notes given for de.
ferred purchase money was $5l, 1859 98.
county property was in high favor az
a basis for loan security. being pledged
Tor a total OF $2lS.S567l. Land In the
northwest was encountered to the ex.
tent OF $l72.325. The record of loans I'm
the other city sections was: Northea at
sis,loo; southwest, SIS. 800. and southeast