The Washington times., 1914-08-08
WEEK IN REAETY1S
AHEADOF LAST YEAR
Twenty-four Trades a Day Make
Ten Per Cent Gain Over
Same Period in 1913.

Realty trading has not felt the blight
of summer. The record of sales for the
initial week OF August shows a contlnu-
ance of the brisk selling which rewarded
the activities OF the brokers during
July. A comparison of the operations
OF the past week with the corresponding
period of 1918 shows an increase OF
nearly 10 per cent in favor of this years
business. During the past six days the
brokers succeeded in closing III sales,
in which were involved 206 lots and par
cells of real estate
While excelling the business OF last
year at this time. the past week dis
plays a decline Of one sale from the
daily average of the selling of the pre-
ceding week. The brokers maintained
an average of nearly twenty-four sales
for each day Of the opening week of the
month.
August is usually poor month in the
real estate business. Weather condi-
tions and the exodus of brokers and in
vestors alike from the city on vaca-
ton trips have a depressing effect on
the market. A lack OF activity during
this period is not viewed with alarm by
the brokers. who take advantage of the
lull in trading to plan their fall CAM
paigns and get ready for the activity
which usually sets in about the middle
of September.
Wednesday Banner Day.
The business Of the past week has
been most gratifying to the brokers.
Wednesday was the banner day. with
Rty comp eted sales to its credit.
Monday ranked second, with twenty
seven trades effected. The closing of
twenty-five deals on Saturdays half
holiday gave that day third place in
Thursday were tied, each having seen
twenty-five sales recorded. Friday, or
dinarily one of the busiest days of the
week. made the poorest showing, being
credited with only fifteen sales.
The outlying suburbs retained the
lead of the market. but not by the wide
margin of last week. There were sew
enty-two parcels of real estate sold in
the outlying suburbs and fifty-seven
lots transferred in the near-urban dis
trict. The northwest was in third place.
with forty-two OTIS conveyed. There |
east, fifteen in the southeast. ard three |
In the southwest.
. Charles II. wiltsie, OF Rochester y. |
Y, an extensive purchaser at the annual |
sales for delinquent taxes, placed on
record during the week loo tax deeds 4
from the District Commissioners. The |
properties involved were in various sec
tons of the city and represented pur- |
chases in which owners had failed to |
take advantage of the two years re- |
after property is bought in at tax |
sale. !
The largest financial transaction of |,
the week was a bond issue for $500 coo ,
made by the Potomac and Chesapeake
Steamboat Company, repayable in 1914. |
The company conveyed all its property |
TO the Continental Trust Company TO |
secure the bonds.
Another notable financial deal of the |
week was the recording of a trust for !
II NV
T. Chesley and Willoughbv S. Chesley |
on New York avenue near Fourteenth |
street. The money was advanced by |
Lewis E. Smoot and is repayable in
hVe years, with interest at 5 per cent,
Senator Williams a Buyer.
Among the inteesting sales of the
week was the purchase of three houses
on Lamont street near Sherman avenue
by Senator John Sharp Williams. of
Mississippi. The property was bought
from David J. DUNCAN. Asher C.
Kinds. representative from Maine. sold
a lot at Clifbourne street and Biltmore
place to Charles H. and Clarissa H. |
Deetz. The price is not stated in either
week were 170S Twenty-first street. by
Mabel E. Crissey; l44s y street north
west and 1904 street northwest by
George Y. Worthington, and 243l Ontario
lOdu, DN = arl A ana tIla0yS A. He'll
man. Katharine and Helen L. Summer
paid 1850 for the premises at 1913 Twen-
tieth street northwest The seller was
Frederick DE Puyster Foster as trus-
tee of an estate.
The two large loans noted above aided
In swelling the figures OF the
oan market for the week to s6s6. $40 50.
This sum was borrowed on the security
II l5S lots at an average rate of 81 per
cent.
Straight loans had their own way
n the market. showing an aggregate OF
'J61, 6S5. The building associations ad-
sanced TO members $50 500. The sum of
all the notes given for deferred pur-
,hase money was s59,3I550
Northwest property led as a basis for
Dan security. being pledged for a total
" 1881, s25. County property was encum-
oered to the extent Of 97.335.50 The
'ecord Of loans in the other city sections
vas: Northeast, SIl.s00; southeast
IS sos, and southwest, Sl,945.