The Washington times., 1916-03-11
Spring Trade Launcheduspic-
iousIy With Totapf 143
Transactions.
DECIDED ADVANCE SHOWN
126 More Lots Fire in Six
Days Business han During
the Preceding sriod.

Spring trading WI launched au-
spiciously this week. then the brokers
sustained a daily arage OF twenty
four sales. Involved the weeks total
or 13 transactions we're SSs lots ana
parcels OF real esta.
In tho volume oftading the business
for the first fun vek of March shows
a decided advanc over the preceding
six days. A gallo 12S lots Is noted
in this weeks stivity. although the
number of salesis one below that OF
the previous wee.
The largest tynsaction of the week
involved a conderation of about $780,
900. Joseph ]. ioebs sold to j. Frank
Conway. of 'airfnont, w. Va. the
apartment recently erected at the
southwest corer OF Eighteenth and I
streets. The Jtamps on the deed and
the encumbrs'ces assumed by the new
purchaser plce the price at $4,000.
The buildings seven stories high.
In connection with the sale Mr.. Moebs
secures possession Of the Watson Hotel
in the Yves Virginia town. When the
hotel was Iuilt It was regarded as one
Of the finest in the State.
Blaiensburg Road Deal.
FRANKLIN v. Killian invested $24,5OO in
the purchase of tract of land on the
Bladensburg road. The property was
acquired from the Continental Trust
Company.
A tract Of land near the grounds OF
this week by the Catholic Sisters Col
lege. The price paid for the ground was
5000 The property will shortly be i'm
proved, II Is stated.
James F. MCGEE sold premises 1880 and
1892 Sixteenth street for $4,000 Harry
Wardman and Thomas Bones were the
purchasers.
Among the business properties figuring
in the weeks transfers were premises
1924 Pennsylvania avenue northwest, 50
northwest. and SO I street northwest.
The Pennsylvania avenue property runs
through to D street, and was transfer
red from James A. Cahill, trustee, to
Albert Carry and Charles A. Carry. in
trust for the National Capital Brewing
$4,000.
Annie y. Mcqueen sold to e. Olivia
johnson the property. at 67 Tenth street
northwest. The price Is not stated. but
sli,o00 Peter ]. Nee bought the house
so street from Herman z. Gascn.
The porperty is near the store Of the r.
J. Nee Company.
bought the office building at $40 F street
northwest. formerly the home and office
of Mrs. Belva A. Lockwood, the peace
advocate, and one-time candidate for
President Of the United States. The
property was purchased from tho New
England Equitable Insurance Company
through William ]. Fentress. The price
paid was $4,000.
More Lots For School.
The District has secured thirteen more
parcels comprised in the site for the
new Eastern High School. The owners
individually conveyed to Raymond J.
Vierbuchen. who conveyed the entire
thirteen lots to the municipality. The
The District now has title to a little
more than half of the area of the four
squares lying between Seventeenth and
Nineteenth, East Capitol and b streets
northeast: The whole site is expected to
The outlying suburbs presaging the
approach of spring returned to the lead
OF the market this week. Nearly hair
the weeks trading was in this section
WHERE the transfer Of 1913 parcels was
The northwest ranked second with
seventy-eight lots sold, followed by the
nnar-nrban district, where seventy lots
changed owners. Thirty lots WERE sold
in the northeast, eleven in the south
cast, and seven in the southwest.
r" Loan Marekt Quiet.
The loan market did not keep pace
with the activity in trailing. The exact
figures in loans made during the first
full week Of March were ;5l6.2l4O6. This
sum was borrowed on the security of
2l2 lots at an average interest rate of
So per cent.
Straight loans predominated. with an
aggregate OF 1894. IS. Building associa-
lions advanced to members $lH,3OO. The
sum of all the notes given for deferred
purchase money was $54,5OS.4l.
County property led as basis OF
loan security with a total OF $2S7, S64. Us.
Land in the northwest was encountered
to the extent of Sl7S,100. The record of
ioans in the other city sections was:
Southwest, $l9.800; southeast, $l6, 7OO, and
northeast, Sl3.760
eGTY0 A.~r~