The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-04-29
APRIL SETS MARK.
FOR TRADE VOLUME.
IN PROPERTY SALES.
Total Of 1902 Lots Change
Owners In the Last Thirty
Days. K,
DECLINE IN LAST WEEK
Average Loss Of Three Sales
a Day Reported by Capital
Brokers.
DECLINE IN LAST WEEK

Investments in the purchase OF. and
bans on, real estate during April
reached t1.t5b.00o. These figures exceed
by s125,ocV the total invested In April
1915. and ere short by s200.O0J OF the rec
ord Of March. 1916. In April, 1914. real
In the. volume OF trading tho month.
which closed practically today, took
first lIace In tho record for the new
year With total Of Leo, lots chnnIing
owners. Last mcnth only i.oH lots
! LIS parce:s- conveyed and In January
there were S4 lots Hold.
Tho number OF transactions. however,
were fewer In April than In February,
although It exceeded the records for
month SIS eales were erected as conf
pared with 81 deals In February. $50 In
Merch. and as In January. In April.
1915. there were sos trades reported and
bIe sales were made In April. 1914.
The trndinf of the last wees OF the
month showed n shsrp decline from the
activity which has prevailed during the
other three weeks. In completing. only
ers. sustained an average LOGS ~ near
ly three sales day from the business
or tho previous weak. The volume of
trading also made tho poorest showing
OF the month. In the last week of April
only $50 lots ami Parcels OF real estate
changed owners.
Friday q Busy Day.
Friday was the busiest day of the
week. having thirty-five deals to its
credit. Thursday ranked second. with
twenty-slx deals, followed by wednes-
days showing of twenty-four sales,
Monday reported eighteen sales, while
twelve deals were closed on Tuesday
and six on the half-holiday of Satur-
day.
The zone of activity was drawn near.
or tho cid cisy limits this week when
number OF lots sold. The suburbs ad-
tacent to the old city boundaries were
the scene of the transfer of forty-five
lots. while the outlying suburbs dropped
70 second place with record OF thirty
eight parcels conveyed.
The northwest was In third place,
with twenty-eight lots transferred
There were seventeen lots sold In the
southeast. sixteen In the northeast, and
fifteen In the southwest.
The feature of the trading of the de-
clining days Of April was the sale OF
business block on Pennsylvania ave-
rue for $4,000. Thomas Z. Ogram pur-
chased the property occupied by him at
nue. from John F. Wilkins and Robert
c. Wilkins. Mr.. Ogram paid $4,000 In
cash and gave deferred purchase
money trust for sis5,o0O, payable in from
The second largest deal of the week
involved the banking house at the in.
tersection of Connecticut avenue and
Dupont circle. Tucker X. Sands. re.
Company, which erected the building
sold the property to the Dupont Ma
tional Bank. The price stated In the
deed was 500. 900.
Another transaction. involving about
$4,000, according to the revenue stamps
and encumbrapce named in the deed
was closed yesterday. The apartment
adjoining the Cordova. on the east side
of Twentieth street northwest, between
street and Florida avenue. was con.
Putnam.
Other Large Sales.
Frank G. Carpenter invested $4,000 In
the purchase of premises 1917 Connects
cut avenue northwest. william b. Ma.
ser and Mrs. Alma p Straus sold prem.
Uses 1923 Sixteenth street northwest &c
Anna G. Carey for s26.Oo0. They pur.
chased premises 1881 and 1888 Nineteenth
each, Thornton Carud transferred ar
apartment on New Hampshire avenu,
northwest, between M and N streets Il
Ida M. Butt for $4,000. The Washing
ton Gaslight Company bought for $Si,oo
the old Franklin Insurance Compan,
building. at 4l9 Tenth street northwest
The loan market also failed to measur,
up TO the business OF the preceding
week. The exact figures In loans for tn,
final week of April were $658. 297.S5. Thi,
sun. was borrowed on the security OF 10
lots, at an average interest rate of B.
per cent.
Straight loans constituted the bulk o.
the weeks business. displaying a tota
OF 1851, 03O.26 Building associations adj
Yanced to members sS9.So0 The sum o.
all the notes given for deferred pur
chase money was s35.367.57.
Northwest property held supremacy a.
a basis OF loan security being pledged
for an aggregate OF S440644. Land I'm tn,
county was encountered to the extent o.
SIaS,516.1i. The record of loans i'm tn,
other city sections was: Northeast, ~
1890; southeast. $Z7,s45.Os, and south
west, $4,000.
H0I MA ME C0NIETXy