The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-07-04
REALTY TRANSFERS
TOTAL S5O,325,OOO
i
I Fiscal Year 1894 Parcels
Changed Hands-June Bust
ness Largest in Year.

During the fiscal year 1914 a total
T 1854 lots and parcels of real es-
ate changed owners IN the District of
'olumbia In the twelvemonth ending
uly l, 1914 Washington realty brokers
Sfected 7,232 transactions. sustaining an
average of twenty flour sales for each
~ orkinG day of the fiscal year. Invest
!nents in real estate and loans between
July l, 1918, and June 90. 1914, aggre-
-ated s5o.S25. OoC
In connection with this extensive
realty activity there were filed ., ol3
0apers with the Recorder of Deeds for
The past fiscal year. The total of rec
Urdation by months shows: July, 1918.
S4: August, 1880; September. fs55;
GER. 1,S26; January 1914. Let; February,
SIS; March. 1,S27; April, 2,oI7; May, 2,975,
and June, 2.04S
Both in the number of sales made
and in the volume of trading the month
Of June, 1914. takes precedence not only
or the current calendar year but also
or the hScal year just closed. Dur
ing the past month the brokers sue
ceeded in closing 80 transactions. in
Which were involved 1873 lots and par
GELS of real estate. The investments
for June reached S. rs, 900. and sur
month in the calendar year or in the
fiscal year.
New Six-day Record.
With the figures in the loan market
close 10 sl.5eooeo. ard with a record of
l9l sales completed. involving the change
in ownership Of 6TS lots and parcels Of
rnaI estate, the past six days cstab-
shed a new record for 1914 for a weeks
realty trading. When the weeks out
u OF sales was computed, il was found
mat the brokers had sustained daily
average OF thirty-two transactions.
Thursday was the banner day of The
week. showing a total of ffty-one deals
"ompleted- Tuesday ranked second,
With forty-two sales reported. There
ere thirty-six trades effected on Fri
teen on Saturday.
4 decided boon in suburban realty
selling was noticeable during the week
4 total of 4S4 parcels of real estate
changed owners in the outlying suburbs.
he northwest was In second Mace
with sevcnty-two lets sold. followed
losely by the near-urban district, with
Nty-eight lots transferred There were
thlrty-two lots sold in the northeast,
rVenty-two in the southwest, and eight
cen in the southeast.
Nearly 100000 is involved in what
u as probably the largest sale of the
week. Through Roy l.. Creighton, of
New York. the Gait heirs sold to the
+ w. Woolworth Company the prop
erty at 4os to 80 Seventh street north
west The buildings are occupied by
the company as a 5 and r-cent store.
The Calf heirs took a trust for $125.n 200
OF the purchase money payable in five
years, with interest at ~ per cent.
Early Bond Issue.
The largest financial transaction Of
the week was the issue of bonds by the
Corby Baking Company, a Delaware
corporation. which took over the prop
erty and assets of Corby Brothers. on
Seventh street. above the BAH park.
William S. Corby and his brother,
harles /. Corby, transferred all their
real estate and baking plant to the
The American Security and Trust Com
any TO secure bonds aggregating
100000. Four hundred bonds of SL00e
ssch are 10 be issued, of which thirteen
L. 1884. when the last twenty-three
onds mature. Interest on the secur-
tiles Is placed al per cent
The imperial Russian government
curing the week closed the purchase OF
the vacant lot adjoining its handsome
{ rubassy building on the Avenue Of the
Presidents. Arthur L. Bliss conveyed
I ~ property for consideration OF
: 400.
The Hood building at 6n F street
. grtheest became the property o: the
lnerican Security and Trust Com
lany at a sale conducted by the Ma
| .onal Savings and Trust Company as
t-ustee Premises SIS F street aimort
Q rectly across the street also figured
j the weeks transfers. Ge7r:,c :.
lees transferred the property To JOS
epF1 3. Band. who in turn conveyed it
% James Martin
Loans Were SI,4oo,15o61.
The exact figures for the record
Lreaking week of loans were 8, 4te, i5oG1.
7 mis- sum was borrowed on the security
Of 20 lots at an average interest rate
q 5.5 per cent.
Straight loans dominated the market
With an aggregate of Sl.263. 1871 Tho
: uiiding associations advanced 70 men,
-ers 81 SO The sum Of all the notes
Flven for deferred purchase money was
s,E. 1880
The Corby Company loan placed the
county property in first place Of favor
Z loan security. swelling the total OF
cans in that section TO $1lS,2S3.Il. Land
n the northwest was encountered 70
2 ne extent OF s5y7.119. The record OF
cans in the other city sections was
r nrtheast. $50 5405S; southeast, S2i, 49, %,
= ID southwest, $1,000.