The Washington times., 1912-07-20
Forty-Seven Sales Complet-
ed on Wednesday of Past
Week in City.
HIGH PRICE DEALS
FEW IN NUMBER
Former Senator's Home in !
Street Leads List, With $685.
600 as Consideration.

Another new record Tor days ac-
tivity in real estate for 1912 was estab-
lished this week. For the second time
the years high mark for a days work
has been boosted this month. Wednes-
day. July 3, the day before the Inde-
pendence Day holiday, saw forty-six
sales closed, but, as many sales may
have been rushed to avoid the delay OF
the holiday, last Wednesdays record of
forty-seven sales is noteworthy.
Prior to this month the highest num-
Der OF sales recorded in any one day
this year had been forty-three. The
new mark of last Wednesday is nearly
~ per cent in advance of the high point
reached during the first half of the
year.
From the viewpoint of the number of
sales effected, the third week of July
is the best of the month. There were
lsS transactions closed in the first week
of the month, 1853 during the second
week and 172 in this week.
Although Wednesday was far in ad-
vance OF It's nearest competitor this
week, the brokers were busy on four
of the other days when not less than
twenty-five sales were completed There
were closed thirty-two sales on Mon
DAY, twenty-seven on Friday and twen-
ty-hve each on Tuesday and Thursday.
The Saturday half-holiday saw only six
teen sales completed.
Few High Price Deals.
Trading in extremely high-priced
property was missed this week, al
though one sale was made for a consid-
GRAFTON of $105,oO0. Two deals were
closed in the old downtown business
section The transfer Of three proper
ties along the line of Connecticut ave-
nue. displays the growing demand in
that vicinity. One sale was made on
New York avenue. between Twelfth
and Thirteenth streets.
The last named purchase was made
by Edmund Fox from Charles c. Hell
1eman. The consideration is not stated.
Further down the street was the sale
OF premises 916 New York avenue,
bought by Arthur C. Moses from John
w. Brawner. The price paid is not
made public.
The other sale in the old business sec
ton involved so4 Seventh street north
west This sale was made by Charles
s. Hodgson to Leopold Richold. A
nominal consideration appeared in the
deed.
The most important purchases Of the
who Is said to hold the properties for
an undisclosed investor These pur-
chases include the corner of Seven
teenth and streets northwest. prem
1ses go Seventeenth street. and the prop
critics at Seventeenth and X streets
northwest. The first named property
brought $105,O00 and was bought Of the
American Security and Trust Company,
as trustees of the estate Of Anthony
Pollok.
Home of Former Senator.
This property, a fine old house in the
center of the fashionable I street
neighborhood, was occupied by former
Senator John Kean of New Jersey dur
ing his term of office 1t Is understood
the purpose of the new owner Is to re-
model the structure for business pur-
poses.
Joseph T. Johnson sold the property
streets, and. while the price was not
made public. a deed Of trust in the
sum Of $4,000. which was recorded in
connection with the transfer. gives a
property includes the buildings known
as 1924 and 926 Seventeenth street, both
or which were former residences, con-
verted into Offices.
AS part Of this same transaction,
the, title to the property two doors
away at 9co Seventeenth street, also
was placed in Harriet Holther. This
building, which is occupied by a de-
partment Of the Engineers Office, U. S.
A., was the property of the late Ad-
miral Charles Fl. Thomas.
While the outlying suburbs continued
to. lead the market in the matter of
sales this week, II was not by the great
margin which has been shown In the
last month or six weeks. A total Of
ninety-eight parcels were sold in the
suburban section this week. and sixty
four In the near-urban district. The
northwest dropped to third place this
week with an aggregate of fifty-one lots
sold. There were twenty-four lots
transferred in the southeast. and eight
cen In the northeast Seven lots
changed owners in the southwest
A slight decline is shown this week
in the. money market. where the total
OF loans reached $707, ,999 13. This sum
was borrowed on the security of 44S lots
at an average interest rate of Sc per
cent.
Straight loans had the lions share
OF the weeks business. Loans of this
character totaled $41O71993 The sum
Of all notes given for deferred pur-
chase money was $l75,07920. The output
OF the building associations reached
31222o0.
The northwest section was most in de-
nnand this week as security for money
advanced. Owners of land in this sec
tion borrowed $3S5,S49. County property
was pledged for a total of $257. .975. l3.
The record of loans in the other city
sections was: Northeast, $31. .225: south
east $21 $50 and southwest Sll 400