The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-08-01
REALTY INVESTMENT
REACHES S3,5l0,OOO
July Record includes Almost One
Thousand Titles Transferred
to New Owners.

Nearly l,ooG lots and parcels Of real
state changed owners in July tnclud-
Q in the total of $40 sales completed
ST month by the brokers were $40
.ces of realty. The total investments
the purchase of aud loans secured
p ,eel, estate reached s55l9.9N.
This showing for i midsummer month
regarded as more than satisfactory.
&c brokers succeeded in maintaining
rsilv average of twcntN-onc sales
lflroushout the twenty-si& working days
a. the month and disposed OF daily
vrragc OF thirty-seven parcels OF real
estate.
The records Of the office of the Re-
order of Deeds. which reflect most ac-
car;rtely the condition OF the real es-
tate market, show decided improve
Inent in July over the corresponding
month of last year. The Iirst month OF
he new fiscal year shows a notable IN
rrease IN. the number of papers record
d. During July, 1918, there were re-
,cf-eG for record 1854 papers, including
deeds, trusts. and releases. In the past
Iaonth the total rccordation was 2.p2l
papeIs. The increase in favor of the
past month was H.
Whether the war scare and the clos
ing down of the stock exchanges had a
different effect on the closing Of sales
) esteFday or not, the fact remains that
the usual busy Fridays record was re
duced 10 the smallest days business Of
it,, current week. Despite this uneN-
I gCted drop, the last week of July was
only two sales short of the preceding
week which made the best showing of
irc month. "A total of 14S deals were
Cnupieted during the week, in which
- ere involved 2S4 lots and parcels of
alty. This volume of trading made
cord for July, exceeding by forty-two
I arccls the activity of the initial week.
Maximum On Tuesday.
This weeks realty trading reached its
n raximum on Tuesday, when thirty-three
stles were recorded Thursday WAS a
use second with thirty-two trades to
- credit Wednesdays selling totaled
frrty-one transactions. Monday was IN
3 ,IuTh Mace with nineteen sales follow
by Saturdays half holiday record OF
r. -hteen deals. Fridays low mark Vas
fifteen sales. -,
The outlying suburbs distanced all
ampetitors this week and reported
more than half the volume of the
= eek's trading. a total of ia parcels
o. suburban property changed owners
IN the past six days. The northwest
, as again in second place, but did not
display the activity of the previous
q eek when it pressed the suburbs hard
rfty-one lots sold in the northwest The
rear-urbeu district ranked third with
lnirty-njne lots conveyed There were
irventy-eight lots sold in the northeast,
thirteen in the southeast, and nine in
the southwest
one of the most important transac-
lions Of the week involved the property
at SIS Connecticut avenue northwest.
Thomas ]. Bones and John II. CLANCY
sOld this property to the tneirs of the
ta4e Congressman HUFF, including Hen
rietta D. IIuff Lloyd Z. Huff Julian
&. HUFF. BurEell r. HUFF. and Caroline
IL Cobb. 'fhe consideration is not made
I,ublic. Bones & CLANCY took title TO
premises 1S2S and 1880 Sixteenth street
northwest, which stood in the name OF
the HUI heirs.
Residence Transfers.
Among the residence property trans
lerred during the week was premises
-leS Massachusetts, avenue northwest.
his handsome home was bought by
1mes II. Gore from Mrs. .tnnie A. HAL
cad. Tho price is not Announced. but
II. Gore gave a trust for 81 80 to Sc
IRE deferred payments Of the purchase
money.
Miss Minnie Hawke purchased house
1Sl Q street northwest, from Philip F.
sTVey. She Also sold 70 Mr.. Harvey
L,
and a lot in Ait. Pleasant Tho consid-
auons were nominal. Premises 1lG5
CIV hampshire avenue was acquired
nT Henry Evans from Mrs. Emma j.
Walter.
The largest financial transaction of
the week was a loan for $4,000. made
~ the washington Loan and Trust
onpany on a large tract of land near
Nc Catholic University. The money was
'orrowed by the Missionary Society Of
II Paul the Apostle in the State of
'ew York, and is repayable in three
ears with interest at per cent The
pciety Will improve the land, ii is re-
ported.
Frank P. Mitchell obtained the next
largest loan of the week on the security
n lots Z and I54 in square Is. The sum
Of $4,000 was advanced on this property
Uy the National Savings G. Trust Co.
% De repaid In three years with per
cent interet.
The exact figures in the loan market
Tor the last week of July were 1897 276 &c
has sum was borrowed on the security
7 IA lots at an average iterest rate of
s per cent
straight loans comprised the bulk of
ne weeks butness, showing an aGgre-
cate Of $4oi.235.35. The building assOcia-
ions advanced to members SIS, 600. The
I'M OF all the notes given for deferred
urchase money was 81. Al
county property remained in high
.avor as a basis of loan security being
lodged for a total of s$26l. 81 Land in
ne northwest was encountered to the
Ttent Of S15S. 5Ol59. The record of
cans in the other city sections was.
northeast, 81, 906: southeast $50. pa 3s
nd southwest, s93s950.