The Washington times., 1913-11-15
HIGH MARK MADE BY
REALTY THIS WEEK
Russian Embassy Completes
Purchase of Property of
Mrs. John Hays Hammond.

Fall trading in local real estate re-
ceived new impetus during the second
week of November: Yesterdays selling
set new high mark for a days activ-
i;y, and also witnessed the closing of
the largest cash transaction reported
in the history of local realty opera
tions. On three other days the brokers
were busy. and the result of their efforts
for the week shows an increase of sales
over the record of the initial week of
November
The purchase by the imperial govern
ment of Russia of the property at no
Avenue of the Presidents was the larg-
est cash transaction which the brokers
can recall ever having been made In
Washington. The Russian ambassador
Paid Mrs. John Hays Hammond sSo.oOo
in cash for the new home of the em-
hassy. The deed transferring the prop
erty was recorded yesterday.
mystery" Cleared Away.
The corner of mystery also figured
in yesterdays realty proceedings. Deeds
were passed to the property at the cor
ner of Thirteenth and G streets north
west, and adjoining buildings on both
G ana Thirteenth streets, by which the
title nassed from four different owners
10 Frank J. Hoen of Baltimore MI
Hoen then conveyed all the property
which was acquired by him ano on
which the buildings have not been re-
moved, to the Washington New Ihe-
ster Company, a Delaware corporauon.
This company also owns the adjoining
property, at Thirteenth and f streets,
where excavations are now being mace
for foundations for several connectne
commercial houses. The deed filed yes.
1erday was executed in March, Isi-' pu.
- r-o den
The closing of thirty-eight transac-
tions yesterday caused the days record
to eclipse the best selling for a day
thus far this fall. October's hlSh mars
for day was thirty-siX sales. Inc
brokers were active also on Thursday
when they reported the completion OF
thirty-one trades. Tuesday ranked
third, with twenty-nine deals consum-
mated, and there were twenty-three
sales effected on Wednesday MONDAY
witnessed the completion of only hfteen
transactions. and ten sales We're re-
corded on Saturdays half-holday.
Included in the total of 146 transac-
tions effected this week were 2S5 lots
and parcels of real estate. The outiy-
ing suburbs had decided call on the
market in the matter of the number OF
parcels sold. A total of 12S parcels
changed owners in this area during the
oast six days. The northwest Was
found in second place, with eighty-hve
lots conveyed. The near-urban district
ranked third, having thirty-eight lots to
its credit
Increase In Loans
Another interesting sale of the week
involved the premises at 1E4 Avenue of
the Presidents. Mr.. and Mrs. William
r. Merriam conveyed this property to
Rufus Hardy The consideration was
not announced
The George Washington University
bought the property on L street ad1oin-
ing the southwest corner of Thirteenth
and l. streets during the week. The
building belonged to Emily M. Baker.
The object of She purchase by the uni
versity has not been made public, and
the consideration is also withheld
a slight increase is also noted tnis
week. in the loan market over the rec
ord of the preceding six days. The
exact figures in leans this week were
s4I3Ols.53. This sum was borrowed on
the security of ee4 lots at an average
interest rate of 81 per cent.
Straight loans predominated this week
showing an aggregate of s235, J0SS.
The building association advances were
in second place this week, with a total
o. Ss0eO0 The sum of all the notes
given for deferred purchase money was
sS7,3e237.
i, was a close race between the north
west and county property for prefer
ence as loan security. The northwest
won out by a little more than $1,000,
having been given as security for Sl1,o90
in loans as compared with SlD,2lS23
borrowed on county lands. The record
of loans in the other city sections was:
Southwest, SIS 920: northeast, $50, and |
southeast, $500 4