The Washington times., 1917-05-26
REALTY DEALINGS
VERIFY PROSPECTS
Trading Of Past Week Shows
Expected Increase.
NEARLY HALF IN SUBURBS
Demand in Southeast Section /
Second IN Volume.

Real estate trading during the past
week amply verified the forecast Of
The Times that the closing days Of
May would evidence increased activ-
Ity. An advance Of eleven sales IL
noted this week over the business of
the preceding six days. and seven
more deals were effected than were
reported in the nrst week Of the
month.
Involved in the weeks activity of
1872 sales were 325 lots and parcels Of
real estate. Nearly half Of the trad
ing was In the outlying suburhn,
where 121 parcels changed owners. A
demand for property In the southeast
brought that section into second place
with sixty-threo lots sold. The north
west ranked third with ffty-seven
lots conveyed. There yere thirty-nino
lots transferred in the near-urban dis
trict, thirty IN the southwest and nf-
teen in the northeast
Thursday and Friday were tied for
nrst honors In the number Of trans
actions effected, eaen day reporting
thirty-hve sales. Tuesday was In
third position with thirty deals. There
were twenty-five trades recorded on
day. On the half-holiday OF Saturday
nineteen sales were made.
CARDINAL Gibbons Buys
Both the National and the District
Eoyernments were among the pur-
chasers OF real estate this week. The
District Of Columbia bought for S2.4oo
a lot on o street northwest, between
First and Third streets. from Joseph
L. Topper. The General Government
continued the acquisition Of property
on the eastern bank Of Rock Creek
for the proposed parkway conneoting
Potomac and Rock Creek Parks.
Cardinal Gibbons increased his
holdings Of Washington real estate by
the purchase Of the northeast corner
Of Third and = streets northwest
FLORENCE d. McAuliffe sold the land
to the cardinal A nominal consider
alton was mentioned In the deed.
Another interesting sale Of the
week involved the large vacant lot AZ
First street and Maryland avenue
northeast. The board OF temperance,
prohibition. and public morals OF tne
Methodist Episcopal Church bought
the property from Stewart W. Tebbs.
II n reported that the board VIII I'M
prove the land with q handsome offics
building.
The District Of Columbia Paper
Manufacturing Company added TO its
holdings OF water front property by
ACQUIRING a portion Of square 11SI on
Water street, between Thirty-5econd
and Thirty-third streets.
County Property Leads Loans
Other features Of the weeks trad
ing included premises jackson
Square, bought By the American
Security and Trust Company, trustee
from Etha D. Rhett. the northeast
corner Of Eighteenth and h streets
northwest, purchased by the National
Gamers Association; 1T36 Connecti-
cut avenue to Thomas N. Mclaughlin;
1901 Nineteenth street northwest. sold
by John r. Dos Passos, jr- to Jamea
q. and Adele c. Scott. and 1902 r
street northwest, bought By Joseph
II. MAXWELL
The loan market experienced a
slight decline from the record Of the
preceding week The exact figures
in the loans Of the week were t4b2.-
99s.T7. This sum was borrowed on
the security Of 243 lots at an aver
age interest rate OF SO per cent
Straight loans predominated, with
an aggregate Of $500, 2o4-S4. The
building associations advanced to
members s1o0,S5 The sum Of all the
notes given for deferred purchase
money was S61 ,sS3.93.
County property won highest favor
a. q basis for loan security. being
pledged for 4 total of 5000. 22o.0o.
Land in the northwest was cucumber
"a 70 the exteut of SST. $40. Tha rec
ord Of loans In the other city sections
was: Northeast, S43,e05; southeast,
$s,735.71, and southwest, $500.