The Washington times., 1913-05-17
EXPECT NEW RECORD
N REALTY SALES
May Deals Show an Advance
Over Transactions Made
One Year Ago.
BIG SALE MADE IN SUBURBS
Aoney Market Active, With Most
of Loans Given on Properly
in Outside Sections.
BIG SALE MADE IN SUBURBS

Activi,> real estate selling con-
tinued una oated throughout the second
week of May. the brokers maintaining
an average Of nearly thirty sales day.
The past week surpassed the initial
week OF the month, both in the number
of trades and in the volume of trading.
IL thus wrung from its predecessors the
distinction of being the second pest
week in the years selling. The opening
week of April still holds the record for
1913 in the number of deals consum-
mated
II is in respect of the number OF
eeals effected only that Aprils hrst
week holds its commanding position.
Both in the volume of trading and in
the extent of the operations Of the
money market. the week just closed lar
excelled the record week of the year.
The operations of the brokers during
the past six days were slightly in ad-
vance of the first week of May. Taken
tocether, the first two weeks of the
month easily establish their supremacy
as the best fortnight of 1913 The first
half OF May also showed an advance
over the number of trades effected in
the corresponding period of 1872.
New Record In Sight.
A review Of the records of the office
Of the Recorder of Deeds discloses that
the past two weeks have seen more
papers filed for record than in the simi-
Lar period of Is12 II this advance is
maintained for the balance of the month
MAY, 1913 will show an increase in
recordation over May. 1912. which holds
the record in the history of the office
accomplished. May will be the first
month of 1913 to show an increase over
its companion of 1872
The weeks business showed but slight
fluctuation. The best days business
was thiry-six sales and the poorest
saw twenty-three deals closed Tues
day led the week with thirty-six trades.
Thursday and Friday were tie, with
thirty sales effected. There were twen-
tyreight sales made on Monday. twen-
ty-six on Saturday, and twenty-three on
Wednesday.
Involved in the 1873 sales closed by the
brokers during the week were 3l6 lots
and parcels of real estate. Suburban
weeks business, there being 155 parcels
conveyed in the outlying subdivisions.
The near-urban district ranked sec
ond with sixty-three lots transferred.
The northwest was in third place. hav-
ing forty-six lots to its credit. There
were twenty lots sold in the southwest.
an unusual number in this locality,
eighteen in the northeast, and fourteen
In the southeast.
Big Suburban Deal
Probably the largest transaction in
suburban property made recently was
the purchase of forty-six acres on the
shepherd road near Chillum Castle
Msrden for a consideration of $4,000
Mr.. Hersey took title to the whole
tract yesterday and immediately di-
vided IL into two portions. One he sold
the other to James L. karrick. of this
city.
Milton E. Allies. vice president of the
Riggs National Bank. purchased two
portions of Grasslands. al the junction
OF Quebec street, Forty-second street
northwest and Nebraska avenue. For
one parcel he paid s2O,ss9. The con-
tideration for the other portion is not
disclosed on the record.
Among the business property trans
ferred this week were premises IA and
l5 Twelfth street northwest, acquired
by Randolph T. Warwick. The property
Ia occupied by saloon and poOlroom,
and IL is said there are no present in
tentions TO change the Improvements.
Another sale in the business area
was the building at Sii Pennsylvania
avenue northwest. bought by Jacob /
Shapiro from Henry II. Hazen. The
price paid was $3.50
The money market continued to dis
play activity during the second week
Of May. The total Of loans made dur
Ing the past six DAYS was s729. 1924.
This sum was borrowed on the security
Of 4o7 lots at an average interest rate
Of Sc per cent.
Straight loans had the lions share
OF the weeks business. showing an ag-
gregate of sis9 ss6.79 The sum of all
the notes given for deferred purchase
money was sl2S.575. So. The building as
Sociations advanced TO members 500 9NA
County property was most favored as
security for loans this week. having a
totsI Of s51I.0f9-30. Land in the north
Uest was encountered to the SX'ent OF
G532s3 The record OF loans in the
other city sections was: Southeast,
t25. 7ooni: northeast, Sl7.050. and south
west. Sl22s0.