The Washington times., 1913-08-16
IMPROVEMENT SEEN
IN REALTY TRADING
Thirty-three Deals Yesterday,
Making 1t the Best Day of
Month to This Time.
AUGUST MAY MAKE RECORD
Loan Market Figures Take
Jump of S1oO,oO0-Interest
Rate Drops One Point.
AUGUST MAY MAKE RECORD

Realty trading continued TO i'm
prove during the second week OF
august, eliminating in the closing OF
thirty-three transactions yesterday.
This is beyond question the best days
business of the month thus far.
In the face of the four DAYS of rain
the advance is especially noticeable.
Should the Improvement continue the
brokers Will experience little diffiulty
in making August, 1913. sot new
mark for midsummer real estate
activity.
While Friday was the banner day
OF the week. the brokers were fairly
active during the other days, show
inE a weeks total Of 123 tTansac
lions. in which were involved 223 lots
and parcels Of real estate. Tuesdays
business ranked second. with 26 sales
closed. There were % deals concluded
on Monday. Wednesday and Thursday
each witnessed the closing OF q
transactions. and 9 trades were ef-
fected on Saturdays half-holiday.
An Interesting race was run this
week between the near-urban district
and the outlying suburbs for the
supremacy Of the market in the num-
Der OF lots sold. The near-urban dis
trict won by q single lot. There were
lONS SOi'l WlNIlu lHdA AREA "HllS
1S parcels changed owners in the sub
Urban section.
Apartments Change Haads.
Within the old city limits. the north
west was easily first, having thirty
four lots sold to its credit The south
east was next, with fifteen lots con-
We: ed. There were nine lots transferred
IN tn" southwest and eight in the north
east.
The largest sale of the week involved
the Mansfield apartments, at 1730 NJ
street northwest, valued at S75.000
Henry A. Nieth transferred the prop
erty TO J. II. Mcdowell, who, after
placing a trust for S60.0 900 on the land
and improvements. conveyed the apart
Incnts TO Harry B. Wilson.
Two business properties figured in
the weeks transfers. although the con-
siderations are not made public. Annie
z. Mcqueen sold premises al Thlr-
teeIfh street northwest, at the south
east corner of Thirteenth and II streets
10 James L. Browne. Mr.. Browne gave
q deferred purchase money trust for
1880.
The other sale was premises 10
Twelfth street northwest directly
across the alley from the main office
OF the Chesapeake and Potomac Tele-
phone Company. The property has
front Of thirty feet on Twelfth. street
with a depth of I55 feet, and has side
others sold the property to Everett NJ.
Kelley. A trust for 5000 Of the pur-
chase money was given by Mr.. KelleJ.
Increase in Loan Market.
The vestry Of Anacostia parish of
the Protestant Episcopal Church pur-
chased Yesterday the former home OF
George o. Watson. in AnRcostia. 1t is
understood the property Will be used
for a parsonage by the new pastor Of
the church.
The greatest increase of the week
was noted in the loan market, where
the figures took a jump of over 100000.
The interest rate experienced a drop of
one point, averaging for the past six
days SO per cent. The exact figures in
the loan market were S39I.0l3. IS. This
sum was borrowed on the security Of
l42 lots.
The unusual condition is presented
this week OF the deferred purchase
money trusts being in the ascendanCy.
The sum of ali the notes given for de-
ferred payments was Sl7I $500 Straight
loans reached a total Of $l53, 551.S4. The
output Of the building associations was
81. 500
The northwest led the sections in IA
vOr as security for loans, with an ag-
gregate' OF S20S, T60. County property
was encumbered TO the extent of Sl43,-
So. 49. The record OF loans In the other
city sections was: Northeast, S26.O45 81;
southeast. S7,2l552 and southwest,