The Washington times., 1913-08-02
Brokers Succeed in Closing
693 Transactions in Month
lust Ended.
FINAL WEEK is THE POOREST
Volume of Business in Whole
Period, However, Exceeds
That of June.

Investments in the purchase of and
loans on real estate during July. 1873
reached si.l75,OGO. The brokers, in the
month just ended, succeeded in closing
6s3 transactions. in which wre in
vclved 1888 lots and parcels Of real
estate.
The volume Of trading exceeded that
of June. by 200 lots. although there were
ten less sales made in July than In the
preceding month. The total of invest
ments.. however show a falling off Of
nearly one-third from the record-break-
ing business of June. 1918.
A comparison of the activity Of the
last month with the similar period In
recent years discloses an increase of 100
transactions over July, 1911. and de-
cline of ninety trades from the phenom-
enal business of July. 1872 which shat
tered all previous records for
months operations in the history Of
realty activity in Washington.
Final Week Poorest.
As usual, the final week Of the month
made the poorest showing. During the
declining days of July the brokers closed
only los transactions. in which were in
cluded 25s lots and parcels of realty.
The zone of activity moved nearer the
old city limits this week. the near-urban
district leading the market with more
than half the total of the weeks SELL
ing. There were 1872 lots transferred in
this area in the last six days. The
northwest is found in second place in
thelweek's operations with fiftytwO lots
conveyed. Within the outlying suburban
sections foTty-siX parcels of real estate
changed owners. Northeast and south
east ran a dead heat, each section haN-
ing fourteen lots sold to its credit. There
were no sales reported in southwest
Washington.
Probably the most interesting item of
the week was the loan of 10000 OBJ
tained by Mrs. Rose Keeling Hutchins
on her interest in the estate of her
husband, Stilson Hutchins, valued at
1900 600 Mrs Hutchins has made sew
eral futile attempts during the sixteen
months since Mr.. Hutchins died to have
the District Supreme Court give her an
allowance out of his estate, pending
decision by the court of the contest
concerning the validity of his will,
which allows her 35 per cent OF the
estate
Loan Is Secured.
To secure the repayment of the sum
borrowed. Mrs. HutChins transferred
her interest in the valuable estate of
John c. Cuttings and Lucas ?. Loving.
The money was advanced by Elizabeth
l. Davis. and is TO be paid IN three
years. with interest at per cent.
Among the valuable realty holdings of
the HutchinS estate are Convention
Hall. the lie Droit building. the Hutch
ins building. the Highlands apartments.
and the extensive holdings at the south
west corner of Fourteenth and G street
street northwest.
Sales of business property this week
included 6o4 F street northwest, bought
by William w. Manley from Wellesca
Pollock Allen for $1,000. AS part pay
ment Mrs. Allen took over premises
1926 and 1923 y street northwest at a
valuation of $4,000
Premises 1914 New York avenue north
west figured in the weeks sales The
property is valued at $4,000. Franklin
V. Killian conveyed the property to
Mrs. Beatrice L. Killian. his former
wife.
wellesca Pollock Allen also pur-
chased the property at 1923 and 1725 G.
street northwest from Richard A Ford
The consideration is not announced.
Loan Market Steady.
The loan market this week is about on
a par with the activity of the preceding
six days. The exact figures involved in
the weeks loans were l3,65s.Os This
sum was borrowed on the security OF
ISL lots at an average interest rate of
SIS per cent
Straight loans had the lions share of
the business of the week, totaling
$345.642. The sum of all the notes given
for deferred purchased money was
S16,536.0S Building associations ad-
vanced to members 81, 40
Northwest property was most heavily
encountered this week. loans in this sec
ton aggregated s255.9SO. County prop
erty was given as security for loans to-
taling sI33. SOP Os. There were SI9 77G bor-
rowed on land In the southeast and
31o.s2O on property in Northeast Wash
inEton.