The Washington times., 1913-07-19
VACATIONS FELT
IN REALTY MARKET
Absence From City of Brokers
and Investors Pulls Down
Weeks Business.
BEAT FIRST WEEK OF JULY
Dealers Transfer 349 Lots
and Parcels of Land With
in Six Days.

Vacation time is beginning to be felt
IN the real estate business. The exodus
from the city of number of brokers
and OF many investors is having It's
imprint on the market, which, during
the third week of July, displayed
sfight decline in the number of trans
actions effected. The brokers succeed
ed during the past six days in closing
IA trades. a falling off of two sales
from the daily average of the preceding
week
Although The brokers made thirteen
sales less than in the second week of
the month they surpassed by ten sales
the number of deals completed in the
initial week of July.
The volume of trading this week,
however. makes the best showing OF
the month. In fewer number of sales,
there were included 107 more lots and
parcels of real estate than changed
hands in the preceding week The vol
ume of trading of the last six days cor-
prised lG5 more lots than in the first
week of July. During the week closing
today 349 lots and parcels of real es-
late were transferred on the record
Lull In Opening Days.
The opening Gays VI Tie HCOh SHOn 80
q hesitancy in the market, which
later disappeared and trading seeme'l
to grow more active each day. Friday,
which DISPLAYED the largest business,
was only one sale behind the best days
activity of the preceding week. YestCr-
DAVIS sales totaled thirty-one. Thurs
day ranked next with twenty-seven
deals effected. There were twenty-five
sales recorded. An aggregate OF twenty
two deals was reported on WEDNESDAY,
but Mondays business reached the 10"
leye, of fifteen transactions.
As is betting warm weather trad
ing. the outlying suburbs returned TO
the lead of the weeks activity. show
ing a total of ia parcels conveyed.
The northwest ranked second with
eS lots transferred, while the near
urban district was in third place,
having SIS lots to its credit. a close
race was run in the trading n prop
erIy east Of the Capitol. The south-
east won out by a margin OF one lot.
showing 2S lots sold as compared
with % in the northeast There were
4 lots sold IN the southwest
Probably the most valuable prop
erty transferred during the past
week was the old Bureau of Educa-
ton building on the northeast cor
ner of Eighth and G. streets north
west, facing the Patent Office and on
the corner opposite the Ouray bullo-
ing. The property was purchased IN
1910 hy BENJAMIN b. Bradford at
price reported to be close to 100000.
Mr. Bradford conveyed the land and
improvements to Joseph +. Smith,
without naming the actual consldera-
ticn in the deed. There is an en-
Another Business Property.
Another business section property
figured twice in the weeks record
Gabriel Edmonston early in the week
sold premises 733 Twelfth street to
Carlton NJ Beall. Later in the week
Mr.. Beall effected a sale of the prop
erty to Charles W. Fairfax. The con-
sideration is not made public.
William Il. Walker and Oliver H. P.
johnson, who are to erect and lease
to the United states new building
for the Navy Department, secured
during the week six houses on f
street which are to be included in
the site for the Improvement The
houses are known as Nos. 1873 to 1743
= + street northwest and were pur-
chused from Mrs. Edith Kingman
Kern, of the Board of Education, and
her husband Josiah Quincy Kern. The
Kerns have owned the property only
a short time.
Among the apartments figuring in
the weeks record OF sales was the
fornia streets. The property, which is
known on the plat books as lot I, in
block s, Of Washington Heights was
bought by Richard S. Wolfe from
George c. Hough at a nominal con-
sideration.
Oscar C. Brothers. jr. has sold a
large portion of his subdivision known
as Fairlawn. in Anacostia. to James II
Hood, for 5000. The portion of the
tract included in the sale lies at the
junction of Thirteenth street and the
right of way of the Washington and
Point Lookout Railroad Company, and
railroad tracks and to the banks Of the
Anacostia river. Mr. Hood also receives
in the transfer valuable riparian rights
Loan Market Same.
The loan market this week was about
on a par with that of the preceding
six days. The exact figures for this
week were S3s1 So This sum was bor-
rowed on the security of 2O9 lots at an
average interest rate of 81 per cent
More than half the loans We're of the
straight variety, which totaled S202
5e3 Il. The sum Of all thee notes given
for deferred purchase money was SII0,-
775.l2. The building associations ad-
vanced to members S77.TO.
County property figures most exten-
sively as security for loans this week.
being pledged for a total of $I6l. .2Ss So,
Land in the northwest was encurnbered
to the extent OF si40.G75 The record ~
loans in the other city sections was:
Southeast. As.5co; northeast, S2S 200, and
southwest s3,913