The Washington times., 1914-10-03
SEPTEMBER SALES
SET REALTY RECORD
Month Shows 698 Transactions,
an Increase of ThirN-tWo
Over Last Year.

September established new record
for the number of realty transactions
in the opening month Of fall trading.
During the past month SOS sales were ef-
fected. an increase of thirty-two trades
over September. 1918 which had sur
passed its predecessors of previous
years. In September. 1912. there were
reported 556 sales and in September,
1871. a total of 51c deals were completed.
Included in the past months volume Of
trading were Its lots and parcels of
cal estate.
There was invested during the past
month in the purchase of and loans on
real estate s3,750.G90. This sum is $3.50
100 less than the total investments of
September, 1913, and a quarter of a mil
lion dollars below the figures for Sep
te1nber, 1872 1t exceeds the total in
vestments Of September. 1911 by $4,000.
When it is remembered that nearly
the entire difference Of $3.50. 200 between
the investments of the past month and
of September, 1872 was consumed in a
single transaction in September Of last
year, the past months business may be
regarded as surprising the work of the
trokers last year. Included in the total
investments of September. 1913, was the
purchase by the Argentine Republic OF
premises 1900 New Hampshire avenue
for SSO.00o No transaction Of such
magnitude marked the business Of Sep
telnber. 1914.
Trading Still Improves.
Trading continued to improve this
week ano the total of transactions ex-
ceeded the record Of last week by one
sale, the brokers reporting the closing
OF l4S deals during the past six DAYS.
Thursday was the busiest day of the
week, having thirty-eight' sales to its
credit. and is but one number below the
record-breaking figures of September
70. Tuesday was also a good day, when
thirty-tyo deals were closed. FRIDAYS
record was twenty-six trades. while
twenty-one salere were completed on
Monday, nineteen on Wednesday,, and
thirteen on the half-holiday of Satur-
day.
The outlying suburbs remained in the
van of the weeks trading. There were
sixty-three parcels conveyed in this
section, while the near-urban district
was the scene of the transfer of nifty
six lots. Tho northwest was in third
place. with thirty-eight lots trans
serred There We're thirty-three lots
sold in the northeast, thirty-one in the
southeast. and three in the southwest.
100000 Apartment Sold.
The principal sale of the week in
volved the new apartment erected by
Harry Wardman, at 1901 K street north
west. Messrs Uardman and Bones
conveyed the property to Jessie D.
Cugle for a consideration said to be
s2GoGt0. The property was encumbered
for s1G0000, and the purchaser secured
$500 OF the deferred purchase money
hy a second trust
Two other Wardman-built apartment
houses figured in TIE weeks record OF
sales Mr. and Mrs. Charles D. Cusle
sold the Morton and Newlons apart
nents, On r street northwest. between
Fourteenth and fifteenth streets. One
Of the buildings was bought by William
Z. Carr and the other by Harry Ward
man and Thomas Bones. The consid-
erations are no. stated, but the trans
fer to Wardraan and Bones recited an
encumbrance OF $4,000 on that apart
'1ent The buildings are similar. be-
.Orging to a series of seven apartments
huilt in row by Mr.. Wardman-
Two District building officials were
added this week to the list OF home
owners. Ernest L. Thurston. superin-
the purchase of premises l4l4 Madison
street Ben L. Prince. collector OF
taxes. purchased a house on Ontario
road. just north of Columbia road.
About $500 is supposed to be the value
Peyton Gordon and Wilton ]. Lambert
sold to Christena Miller the Ohio apart
ments, al 1886 Meridian place north
west. The price paid is not disclosed.
The loan market continued to show
Improvement. the total surprising the
business of the preceding week by about
$4,000. The exact figures in loans dur
ing the past six DAYS were S499, los IS.
This sum was borrowed on the security
of 2os lots al an average interest rate
of Sc per cent.
Straight loans again dominated the
market. and exhibited a total Of s3l1.-
231.63. The sum Of all the notes given
for deferred purchase money was s14S.-
72S.s5. Building associations advanced
to members S3a 80.
County property was cncumbered to
the extent Of s23o.352. .9S Land in the
northwest was pledged for total of
s221h4.1. The record Of loans in the
other city sections was: Northeast. S3s.-
"ho: southwest, $500 and southeast,