The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-12-05
MAKE NEW RECORDS
IN REALTY TRADING
Brokers Record 40 TranSaC-
lions in a Single Day, EcIips-
ing Former Figures by IS.

Two new records for real estate &C
witty were established last Monday
rhen the brokers recorded no transac-
ions. With the accompanying deeds
4 trusts and releases the total recorda-
..on for the day WAS pc papers, an eX-
ess OF forty-siX papers over the
Ccvious record in the history of the
pffce Of the recorder OF Deeds.
The rush TO close pending deals on
november 20 to evade the war revenue
AK caused the showing of the other
days Of the week TO seem poor. The
total activity of the past six days, how
ever, reached 49, sales ana hung up
new figure for 1914 for = weeks bust
ness. This showing for weeks trad
ing has only been eNCelled twice in the
memory Cf realty operators The high
mark OF -0j ucals was established in
The week eEoing October =. 1872. The
second time wheE the past week s sales
wero surpassed was the week ending
May 1917 which totald 1877 deals.
This weeks mark OF l95 was eQualed
once last year in the week of June
g. 1913.
The nearest approach to Mondays
total of recordation. according to Act
ing Recorder of Deeds Dutton, was $50
papers received for record June g. 1913.
Before that date the banner day had
been June 20, 1898. when 1eS papers were
lied on the day before the stamp tax
became operative during the Spanish
War
$40 Lots Sold.
The volume Of trading in the record
smashing week of 1914 was $40 lots and
parcels of real estate. This number
81 lots changing owners was two-thirds
- the total of properties transferred
n the whole month Of November
The outlying suburbs figured most eX-
,ensively in the weeks o7era ton and
FINISHED 247 Parcels TO the total of
activity In the near-urban district 164
OTIS were conveyed. y The northwest
-anked third. with s. lots to its credit
There were a 10 sold in the south
'ast. 3 in the northeast, and in the
southwest
An insight into the real consideration.
p though not an infalliblc guide. is to
. secured by the placing of revenue
Q lamps on all conveyances. All consid-
"-ations in excess nj 500 are required
. be stamped at the rate of 30 cents
q n each s500 Of value in excess of the
encun1b-ances on the property. AS
many deeds do not show the amount of
0Cumhr~ nee as Un1ed e is sometimes
Tnposs bic to arrive at the actual cost
: rice from the total of the stamps af-
Aed. If the encumbranGe is stated
9 EN- il u a mere matter of addition to
8 rive at the price paid for the prop
srty.
Island Worth $4,000.
The war Golfers received the highest
Contribu ton this week in the purchase
O. revenue stamps for land conveyances
rom the Washington Gas Light Com
3 ny, which affixed a total of $50 in
? amps 10 the transfer to it of AnaloE-
on Island ON its former president, !
Joseph Letter. The deal was subject 10 |
"a trust Of abOus $40. 90. and the revenue I
amps indicated that the company val !
ued the island at $4,000. 1
Among the deeds recorded this week 4
was one from the Misses Parten TO the
vestry OF 81 Andrews P. r. Church.
the property at New Hamp-
shire aveTIue and Y street The land
was acquired for $4,000 as the site OF the
Nw church which the congreg alton
VIII erect.
\ transfer. subject To a trust for
= . .nOG Was made Monday OF the prop
, ~ty at lt'4 20 1913 Sixteenth street |
q orthwest from Harry Wardman to Hen
ietta NJ. Halliday. As the stamp law |
mad not gone into effect then, there was 1
20 indication of the actual price, the |
consideration being nominal
Tho money market also showed an /
ctivitv commensurate with the weeks /
-ading- Tho exact figures in the loans /
the past six DAYS were S6+1.2S1 -. This J
sum was borrowed on the security of |
- lots nj an average interest rate of /
por cent.
Straight loans dominated the market !
I'd showed q total OF Si69. 11b49 The !
M Of all tho notes given for deferred |
-TCbasC money was SO 9Js.0S. The \
. lildirg associations advanced to mem |
.0rs 81. 1jo.
County property was most favored. be |
- offered as security for S;s1, $40. -. |
and in the northwest was encountered |
' the extent of $685.. Tne record of |
ans In the other city sections was:
'utheast. S2i-Ie0; northeast, 81, 40, and |
outhwcst 80 go