The Washington times., 1913-08-30
SUMMER TRADING IS
BELOW 1912 REL RECORD |.
Difference Of Nearly Three Mil
lion Dollars in Favor of
Last Year.


of 1913 which practically closed today.
: reached total of 1.902 transactions. in
which were comprised the conveyances
OF 3,2s4 lots and parcels Of real estate.
Investments in the purchase OF and
leans on local real estate in the quar-
ter ending today aggregated $12, 900.
Although this showing is regarded by
The brokers as more than satisfactory,
Il discloses a sharp decline from the
record breaking activity of the sum-
mer Of 1872. Last year the summer
trading reached a volume of 2,06o sales,
in which were involved 1888 lots. In
vestments for the summer quarter Of
1872 total SIS, ,637, 600.
August trading this year proved to be
a disappointment to the brokers. Al
though the month started poorly. the
brokers hoped to see an increase in
business as the weeks went by, as was
the case with the market in August,
1872. A slight advance was noticed in
the second and third weeks, but busi-
ness fell fat this last week, making
the months total of transactions only
Sos Included in this unusually small
volume of trading were so lots and
parcels Of real estate.
Low Record For Investments
August also showed the smallest total
OF Investments. The figures included in
the purchase of and loans on real es-
tate this month were $2.5OO0oo. This
was the smallest contribution made by
any month to the quarters quota Of in
ves.ments.
During the last six days of August
the brokers were able to complete only
1eS transactions in real estate. Com
prised in these trades were 152 lots and
parcels of realty.
Friday was the busiest day OF the
week, having a total of 25 sales to its
credit Tuesday ranked second. with
= trades effected. Wednesday saw 10
deals closed, Monday IL, and Thursday
10 sales consummated. There were s
trades reported on Saturdays half hol-
ioay.
Suburban property was well IN the
lead of the market this week, with an
aggregate of l9 parcels conveyed The
near-urban district ranked second, with
e. lots transferred There were Is lots
sold in the northwest. 10 in the south
east and in the southwest.
Business Property Transfers.
Several business properties figured
IL the trading of the closing week
o. August. Harry V. Bouic bought
house 1016 Ninth street north
west. from william II. Heron. Al
fred P. Leyburn became the owner
OF premises 1909 Fourteenth street
northwest, and Emanuel Baumgarten
took title to the property at the
southwest corner OF Thirteenth and
FL streets northwest, where be will
lecate his business
Harry B. Wilson, who was recently
F,l t. fr11n cd
during the week the building occu-
pied by his offices at us Eighth
street northwest, to Clara II. Cries
bauer. Miss. Griesbauer is now Mrs.
Wilson by reason Of the recent cere-
mony in Buffalo.
vicinity Of Lincoln Park Is to follow
q purchase made this week by Harry
y. Kite. Mr.. Kite bought from
Joseph B. Bowling lots 1G9 to 120,
square 1881. On this property the
builder will erect twelve houses to
be known as 1900 to 1922 street north
east. ~
One of the largest sales noted for
some time of a residence property in
the southeast was effected this week.
Mrs. Mary McCauley sold her home at
22e e street southeast. to James NJ.
Place. The consideration is not stat
ed. hut Mrs. McCauley allowed $4,000
VI tne amount 10 TeInalu as lEuSl
on the property.
Chase's Theater Deal.
Two impotant transfers of Ieasehold
interests were consummated this week.
p. B. Chase assigned the unexpired
term of his lease of Chase's Theater
10 Benjamin F. Keith, of Brookline,
Mass. The Riggs Realty Company,
owners of the property, consented to
the transfer Mr. Keith undertakes
70 pay an annual rental to the Riggs
Realty Company of $4,000 for a term
OF nineteen years, which remain under
the original lease to Mr.. Chase.
The United States Express Company
leased the property at 1921 G street
northwest, which the company will oc-
cupy for a branch office. The owners
throp. The term of the lease Is for
& 400.
The blight on the selling business ex-
tended this week to the loan market
where the figures dropped to sS7l, ,273.OS.
This sum was borrowed on the secur-
lty OF go lots at an average interest
rate of Sc per cent. .....
Straight loans had the lions share OF
the weeks business, with an aggregate
OF Sz55, ,35S. The sum OF all the notes CIV
en- for deferred purchase money was s62,-
4SS8 The output Of the building asso-
Citations was S53, $50
Land in the county was most favored
TINS week as security for loans. with a
total of SIS. .6S50S. Property in the
northwest was incumbered to the extent
or sl27,625. The record Of loans in the
other city sections was: Northeast, S5l,-
ss5; southeast, SS3,sSs, and southwest.