The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-04-01
During First Quarter Of Year
Purchases and Loans Reach
SI2,oo0,o00.
LAST WEEK SHOWS BOOM
SpringIike Weather Serves to
Increase Activity In Outlying
Sections Of City.

Investments In tho purchase Of ana
loans on washinnton real estate for the
first quarter OF 1915 reached ni,0oo.ooo
During the first three months OF the
new year the trokers closed 1,5se sales.
in which were comprised the transfer OF
2,oe4 lots und parcels OF real estate.
March was notable for its high-priced
deals, and 50 ranked first In the matter
OF investments. while holding second
place both IN the number OF transact
tions and In the volume of trading
The record for the third month Of the
year shows an Investment ~ n.6Ih,0o.
and S2.o2s.ooc in January. During the
month Just Closed l.022 lots changed
owners and $50 sales were Effected. In
February there were eS1 trades. Involve
ing, l.l2S parcels, and, N January n 40
Trading for the past week showed a
decided Increase in the number OF sales
over the preceding SIX days. THO
brokers completed 1fs deals, an advance
ness OF the previous week. The volume
OF trading, however. did not measure
up TO the standard of the other weeks
OF the month. Only 16 lots changed
owners IN the past elk days.
In Outlying Sections.
The effect OF sprinTtime on the mar
ket was again exemplIfed this week
when the outlying suburbs furnished
nearly half tho trading. In this section
Seventy-scvcn parcels were conveyed.
The northwest and the near-urban dis
trict were tied for second place. each
reporting the transfer of Twenty-Five
lots. The eastern sections OF tho city
also divided honnre equally. each Of
the northeast ans southeast being tho
Rcene OF the conveyance. Of thirteen lots.
There were five lots sold In the south
west.
Last wednesday took rAnk as the sec
ond busiest day OF 1916. when the
brokers reported tho closing ~ thirty
nine deals This number ~ only three
,s 'hS O e the 5sSSTs Cd M nSys e.
The business OF the remainder OF the
week was consistently poor. Thursday
and Friday saw eighteen salen; seven
teen were reported on the half -hobday
Of SATURDAY: rixtsen on Monday and
Probably the largest sale made in the
closing days OF the month was the
Rochester apartment At 1883 Meridian
auired the property from the Washing
ton Loan and Trust Company. trustee
Tho price stated In the deed was ya5,UO
The same trust company also convey.
ed to Harry II. Wilson the property a,
K streets northwest. for $4,000. The
property Is to be Improved by an apart
ment. II is reported.
On Sixteenth Street.
Divie B. Duffield acquired premises
MS TO 1T22 sixteenth street on Wednes'
day from Samuel p. Cranage and
others. From the revenue stamps the
price appears to have been Szz,0uo.
Cora o. Woodland sold the dwelling ri
30 II street northwest to Susan r. Mer.
RAM at a price indicated at tl7.5OO. Mrs
Merriam conveyed property In Ingleside
to Cora A. Woodland. who transferred II
10 George II, p. Cole. The price wal
about $4,000.
The loan market also experienced a
slump during the last days of March
The exact figures for the past six days
were sos, S.. This sum was borrowed
on the security OF lS9 lots at an average
interest rate OF SIS per cent.
Straight loans had the lions share OF
tho weeks business. showing an aggre'
gate OF 1886. S57. The building associa'
lions advanced to members Slls.t00. The
sum OF all the notes given for deferred
purchase money was $6O.74l.@
Land in the county continued TO hold
favor as a basis for loan security, being
pledged for a total OF S2S9.S45.ss. North.
west property was encountered to the
extent OF Sl46,S70.7s. The record OF loans
in the other city sections was: South
east, $S4,7O0; northeast. $S2,OS2, ano
southwest. $4,000.