The Washington times., 1914-01-24
PEAL ESTATE MEN
HAVE BUSIEST WEEK
Brokers Close I31 Transactions
But Small investments Only
Are Involved.

Tho third week of January was the
usiest of the new year During the
,st six DAYS the brokers succeeded in
losinc lSI transactions. sustaining a
ally average Of twenty-five sales and
,oyying an increase of two deals each
.ay over the record of the preceding
eek and three sales daliy IN excess OF
he business of the initia! week OF the
onf~.
-.ast Week, however. did not Keep pace
18th that of its predecessors OF this
l0nth There was a scarcity This week
{, L sales involving large considerations
r-he trading was confined almost entirely
ID small investments and to the pur-
hase of homes or Of sites for new
. esidences. Only 1S4 lots and parcels
II zeal estate were included In the
weeks activity.
The record for the past six days would
lldiccte. that the brokers had deter
rlined ON daily output of TWENTY-FIVE
a,es. On four days this number or
leeds were filed for record and on onlS
ne day was it exceeded.
Thursday was the banner day of the
week. having twenty-eight sales to its
rredit. Tuesday, Wednesday, FRIDAY
u nd Saturday each had total of tWen-
v-two deals completed. Monday brought
70 the rear with only fifteen sales re-
ported
Near-Urban Boom.
The aear-urban district experienced a
loom this week. and from the fifth
position held last week jumped TO the
lead of the market There were sixty
wo lots transferred in this area. The
northwest again ranked second, being
The scene of the sale of forty-seven lots.
The outlying suburbs were in third
a1e- sah,E, inv
, Eners. The northeast and the south
b est ran dead heat, each having
: elve lots sold to its credit There
y ere seven lois transferred in the south
The largest transaction of the week
involved two one-story stores on the
: orth side of q street northwest, be-
,-een Twelfth and Thirteenth streets,
lid by Woodward & Lothrop to George
O.. Webb. The. consideration is not
entioned. but is understood to have
Ieen about $4,000. Mr.. Webb placed
20 trusts on his purchase, one for
3,OG0 TO the Washington Loan 3nd
. rust Company and the other for de
rred purchase money to woodward *
! .othrop for 5000.
Mrs. Charlotte DALEY increased her
ol6ings Of realty at Fourteenth and
: streets by the acquisition of the
.remises ct 904 Fourteenth street
rorthwest from Melvin A Fischer,
eek the premises al 1920 New York
svsnuo northwest 10 Alice ]. Rear
on. The purchase price is withheld.
$ mother business property valued at
bout 100000 was involved in the
cord of transfers yesterday. Hyman
Lirkin sold the premises at ia
ELEVENTH street northwest, TO VIII
liam J. Grower. Mr. Brewer placed a
rust for $4,000 on the property and
fhcn conveyed ii to Ethel NJ Rutty.-
II -. g-T 80. to-
.ay two original lots OF ground con-
{ ming about 1000 square feet on
tae west side of twenty-five street
northwest, between = and T streets.
Ir. Heurich owns considerable prop
erty In this locality. The price Is not
81 ated in the record.
Deeds were recorded this week carr
ing into effect = compromise over the
'state Of Thomas a. Newman, former
~ prominent shoe merchant of
Georgetown. Included in the estate
re premises 3134 and 5l35 d street
.iTthwest and property in Kentucky
d elsewhere. Rv the agreement his
-lf-sister. Jane F.. RatclifIe, gets the
tire estate upon the payment of $3.50
cll to the House Of The Good Shep-
crd. st AIMS infant Asylum and the
tile Sisters Of the Poor. These chari-
BILE Institutions had been made re
duary legateeS by sir. Newman, and
G haIf-sister was given only an in
.INEA III titG Ai4NOliG VI 1tAN '-SAsAhN-
Washington Heights Sale Largest.
70 he largest financial transaction of
week was a loan "f S73,gsp on lot
of washington Heights and Iot Il,
Widows Iite. This sim was bor-
Wed by Leo Simmons and Berkeley
simmons from the Iidelity FrRist
lulpany. of Philadelphia. through the
4 ltou Trust Company. Of Washington.
he Philadelphia concern advanced the
oney from several estates Of which
is the trustee. The ;oan is repay
le in from one to five years and bears
'sTest at Jls per cent.
rs sum was borrowed cI The security
weeks total OF loans to $4I3, Ill 50.
Isl sum was borrowed on the security
l29 lots at an average interest rate
80 SIS per cent.
Straight loans had the call of the
IRrket, totaHng s274,596.92 The sum of
. the notes given for deferred puT-
rase money was S7S.S24.47. The build
y associations advanced to members
$50.
Northwest property was most favored
a basis Of loan security. Loans in
is section reached an aggregate of
. 5000 County property was en-
, rnbered TO the extent Of $l73.59l GO.
He record of loans in the other city
rctiOns was: Northeast. 81, S63: south
st, Sl4,675. and southwest. $6S9