The Washington times., 1915-08-14
Increase of Twenty three Trans.
actions Over Initial Week OF
Present Month.
LOANS HIGHER BY $4,000
Urban Region Carries Bulk Of
Business, Where rs Lots
Changed Owners.

Activity 10 real estate operations this
week was q little above the business
closed by the brokers during the first
week Of August. During the past six
days a total Of 100 transactions was az
fected. This shows an increase OF
twenty-three sales over the number
closed during the initial week OF
AuRust.
Friday was the banner day OF the
week, having twenty-nine transactions
to its credit. Wednesday and Thurs-
day were tied In regard to daily trans
action. each having twenty-four trans
actions closed. Monday and Tuesday
were tied also with twenty-one sales
effected. During the half holiday OF
Saturday the brokers managed to close
eleven deals. thus leaving Saturday at
the tail end Of the race.
In the matter Of loans. the second
week of August exhibits an increase OF
nearly $4,000. Another increase notice
able In the review Of the weeks busi-
ness in realty circles Is the untoward
one Of an advance in the interest rate.
which reached 5.s per cent. This is one
point In excess Of the previous weeks
rate.
The vast majority Of the sales closed
this week involved single lots or par
cells of real estate. Only thirty-six
transactions included more than one
lot The total number Of lots comprised
in the weeks sales was 1s7-an increase
Of twenty-five lots over the first week
Of August.
Purchasers this week seemed inclined
to seek the country, and the highest
number Of lots transferred in the past
six days was in the county. In this
region seventy-six lots changed owners
The near-urban ranked second with
sixty lots conveyed.
Within the city limits the northwest
was in the lead with twenty-nine lots
sold. There were fifteen lots sold in
the southeastern section. and thirteen
lots in the northeast. Business In the
week with five lots changing owners.
This is a little better than last week
when not a lot changed owners.
Harry Wardman and Thomas p. Bones
of the loan market for the past six
days. They borrowed s175.0O0 from
Harry 7. Domer on property owned by
them in the north side Of Columbia road
between Quarry and Ontario roads.
Sells Plaza Property.
James r. Brevoort conveyed the
premises at 21o to 240 New Jersey ave-
nue. northwest to the United States OF
America for s135.032. This property will
be torn down to make place for the
plaza.
Charles W. King jr.. sold the property
at 1919 Sixteenth street northwest for
$1,000: George ?; H9rnins was the pIr.
premises at 1880 Seventeenth street
northwest to Mr.. King as part payment
Nikalous Auth and Michael A. Keane.
former, trustees Of the Washington
sold their interest in the property for
$1250O. Michael A. Keane and Andrew
D. Loffler took over the property in
trust for the A. Loffler Sausage and
Provision Company and the T; T. Keane
abattoir.
There were only two sales Of any note
in the business section Of Washington
during the past six days. Lewis Holmes
street northwest for $37,bO0. George 8.
Rees and William H. Lanham were the
sellers.
In the Loan Market.
Harry Gam conveyed the property at
6l9 Pennsylvania avenue southeast to
Harry Cohen. The price as indicated
by the revenue stamps attached to the
deed was $1,000.
The bulk of the loans this week was
made to borrowers who desired either
to improve land already owned by them
or to pay OFF prior encumberances. The
total Of loans Of this character was
$456.3S9. The building associations ad-
vanced to members S35. .S34.31.
County owners were the heaviest Dor.
rowers this week. the loans made on the
security Of suburban property amount.
Ing to 1863. .6242l. In the northwest there
was borrowed an aggregate Of $176, $50
The record Of loans for the other sec.
tions shows: Northwest. $24.75o; south
east. s17.C50; southwest. $3,299.l0