The Washington times., 1913-07-26
REALTY BROKERS ARE
/ AF TER NEW RECORD
Slump of Third Week in July
Passes off and Dealers Re-
port Many Sales.
SUBURBAN LOTS SELL WELL
Feature of Weeks Dealings Is
Purchase of Property on
Dupont Circle.
SUBURBAN LOTS SELL WELL

hedlIy brokers mace up some OF the
lost ground lost in the third week of
July and succeeded in the past six days
in closing $50 transactions, sustaining
a daily average. of twenty-five sales.
This Is an advance of one sale day
over the record OF the preceding week.
The business of the past week is the
second best of the month. . ..
Fluctuations marked the conditions in
the weeks trading. Yesterday saw
thirty-seven trades effected and took
second place in the record for a days
activity in July. 1918. This volume of
trading was excelled on July 3, the day
before the Independence Day holiday,
when thirty-nine sales were reported.
Before reaching this high level, the
market passed through two stages. The
week opened with twenty-one trades on
Monday, followed by an advance to
twenty-eight deals on Tuesday and
thirty sales on Wednesday. A sharp
decline followed on Thursday, when
OILY twenty-five sales were recorded
Then came Fridays big business and
the completing Of twelve sales on Sat-
urday's half-holiday. .-..--
azo Transactions Noted.
Involved in the weeks sales were 24o
lots and parcels of real estate. Subur-
ban selling continued to lead the mar
ket, but by a much smaller margin
than in the preceding week. "A total Of
seventy-seven parcels changed, owners
IN the outlying suburban section follow
ed by the near-urban district, with
sixty-six lots conveyed. The northwest
was q close third, with sixty-two lots
a. e-,adTf Thara mara fhfrfaan 10fS
transferred In the southeast twelve in
the southwest and ten in the northeast
The feature of the weeks business
was the sale of residence property. The
largest sale Of this character was closed
yesterday. The price paid was $4,000.
This sum was invested by Dr.. James T.
Mitchell in the purchase of premises II
Dupont Circle northwest, where busi-
ness is beginning to encroach on What
was an exclusive residence section. The
house was bought from Frederic Fos-
ter, trustee Of an estate. e=s -.z-
A sale was made this week on La
fayette square or jackson place, as II
is variously termed, where transfers of
property are of rare occurrence.
20 Jackson place. on the west side of
the square, and only short distance
from the White House and State De-
partment. The new owner Is Thomas
Blagden. The consideration is not made
public =
Mr.. Glover bought from Mr.. Blagden
q portion of three lots on Sixteenth
street extended. near Blagden avenue,
In the subdivision known as Argyle
cowl and Lorn. The price paid is not
stated In the deed. .--
Buys New Residence.
Mrs. Mary R. Heistand, wife Of Major
II. O. s. Heistand, has purchased new
home at 1872 Avenue of the Presidents.
The property formerly belonged to
Hattie Harris. Only a nominal con-
alteration is given in the transfer.
The deed was passed this week by
which Chief Justice Edward K Camp
bell, of the United States Court OF
Claims, takes title to his residence at
2017 z street northwest The property
was sold by the National Savings and
Trust Company, as trustee, for the sum
Among the apartments figuring in the
weeks trading was the Kingston, at
1913 Eighteenth street northwest Ed
win D. Steele conveyed this property to
Arthur Kirkman. The selling price Is
lot disclosed, but there is an encum- |
brance of $4,000 on the property.
The transfer of business property in |
cluded premises ,l4G2 Fourteenth street
northwest, POS Fourteenth street north |
west, lis H street northwest, and SO4 X
street northwest Robert Lee OBrien
now owns the first named property, |
Frederick A. Linger the second, the p.
J. Nee Company the third. and Christos
A Roussos, the X street site.
Loan Market Advances.
The loan market showed an advance
of more than 10 per cent over the bust
mes Of the previous week. The exact
figures Tor the past six days were
$..o,175.66. This sum was borrowed on
the security of lSS lots and parcels of
real estate at an average interest rate
of 5k per cent.
Straight loans continued in the van
Of the market with an aggregate OF
$25,943.&. The sum Of all the notes
given for deferred purchase money was
t1ls, s,5SLs2. The output Of the building as
Eociation was $50, zoo.
County property was most favored |
this week, showing a total of S2lO, ,4l5. Sc |
borrowed on land In that section. Prop
erty in the northwest was encumbered /
TO the extent Of S17s, ,42s65. The record |
of loans in the other city sections WA
northeast. S26.466.s6: southeast, Sl5,S64 az. |
end southwest, 5000