The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1917-01-13
Makes First Purchase of Ground
on Which to Enlarge Naval
Gun Plant.
REALTY TRADING INCREASES
Larger Corresponding Jump
Shown in Past Week Over
Same Period in 1916.

The United States was the largest
investor in Washington real estate
during the second week of january
The Government purchased for $780, SOC
several small houses at Fourth and
streets southeast, adjoining the
present western boundary of the navy
yard The purchase marks the begin.
ming OF the acquisition OF the entire
square Sol, lying between Third and
Fourth, n and N streets southeast, for
an addition to the naval gun plant.
The land conveyed yesterday belonged
to Lucie D. II. Vaugon and to Leon
ard c. Gunnell, trustees. Negotiations
are pending for other portions Of the
square.
Realty trading experienced a decid-
ed increase during the past six days,
exceeding by more than 80 per cent
the activity of the initial, week of
the New Year. The loans of the
past week more than doubled the rec
ord of the preceding. week. The brok-
ers reported continued demand for
small properties and increased inQuir-
les for large investments.
Involved In Weeks Record.
Involved in the weeks record of
124 transactions were 81 lots and
parcels of real estate. In the core
spending week of 1916 only 81 sales
were made, and only 213 lots changed
owners. During the first week of
this month z trades were effected,
comprising 135 parcels.
Trading was well distributed
throughout the week Wednesday was
the banner day with a total of %
deals followed closely by Mondays
record Of % sales. 9Tuesday and Fri.
day were tied with 81 trades EACH.
There were 20 sales recorded on Sat
urday and II on Thursday.
County property continued to at
tract the investor. The outlying sub
urbs led the market with 1913 parcels
conveyed and the near-urban district
was In second place with ninety-nine
lots to its credit. The Governments
purchase swelled the total of the
southeast to sixty-two lots. There
were ffty-fve lots conveyed In the
northwest, fifteen in the northeast.
and seven in the southwest.
Purchased Several Lots.
The Anderson Tire Manufacturing
Company purchased from Oscar c.
Brothers, jr., several lots in the sub
division Of Fairlawn. The property is
near the Anacostia river. It is not
known If the company will locate a
plant on the land.
The Capuchin Monks may locate a
house of studies near the. Catholic
University. Last Wednesday the prov
ince Of St Augustine OF the Capuchin
Order took title to q PARTON of Tur-
key Thicket The land was purchased
from Charles Welsbruch and William
Rolf. The consideration is not made
public.
Charles p. Stone and Charles W.
Fairfax purchased premises 915 E
street northwest. The houses in this
block are being remodeled rapidly
into business buildings. Only a nom
inal consideration appeared in the
deed
Ten lots at Seventeenth and E
streets southeast were acquired this
week by Clarence L. and Laura r.
Parker. The property brought $16,6oO.
Large Total Of Loans.
The total of loans made during the
past six days was $616, 1869 80 This,
sum was borrowed on the security Of
1913 lots at an average interest rate
of So per cent.
The bulk of the loans were Of the
straight" variety, which aggregated
$452,557.74. The building associations
advanced to members $12S.45O. The
sum of all the notes given for defer
red purchase money was S35, 361. IS.
County property won highest favor
as basis for loans, security being
pledged for a total of S43O,43.15
Land in the northwest was encum-
bered to the extent of SI2S.477.42.
The record of loans in the other city
sections was: Northeast, S44 $50.
southeast, $12,20s.s2, and southwest,
81 900.