The Washington times., 1915-08-28
Business Receivers in Last Six
Days From Depression Of
Previous Week in August.
BOOM on IN SOUTHEAST
Largest Transactions Involves
$165,10O Trusts Placed On
Imperial Apartment House.

Realty trading recovered somewhat
this week from the depression Of the
third week of August.
In completing 121 transactions during
the past six days the brokers sustained
an advance Of one sale day over the
record for the preceding week. In the
volume of trading the past week shows
decided improvement over the number
of lots which changed owners curing
the third week Of the month. The week. $
operations comprised 12l transactions in
which were involved 344 lots and par
cells Of real estate.
Trading was somewhat spasmodic. One
day the brokers closed thirty deals and
on another day a low ebb Of five sales
was reached. Tuesday was the busiest
day with thirty sales to its credit. Mon
day ranked second with twenty-seven
trades followed closely by Friday with
twenty-six deals. There were twenty
sales completed on Wednesday. thirteen
On Thursday, and five on the half-holi-
The outlying suburbs returned this
week TO the lead Of the market more
than doubling their record for the pre-
vious week. A total Of 1877 parcels
the past six days. A decided boom in
the southeast placed that portion of the
city proper in second place with eighty
Ave lots to its credit. The near-urban
district ranked third with seventy-six
lots conveyed.
Decline In Northwest.
Northwest property sustained de-
cided decline having only thlrty-six lots
sold and falling from its position in the
van Of the market last week. There
were ten lots transferred in the north
east. but no sales were reported in
southwest Washington.
The largest financial transaction of
the week involved $l65.10o. Three trusts
aggregating this amount were placed on
the Imperial apartment house at 176s
Columbia road. The Imperial Apart
ment House Company secured $1l1.6oo to
Thomas w. Smith to be paid to him In
l to 60 months, with interest at per
cent. Tho company also agreed to re-
and to pay to the State Bank Of Balti-
moro $4,000 In six months.
There was dearth Of sales Of high
number Of small sales were effected and
purchases made Of vacant ground to be
improved. r "a
K sale of this latter character was
closed yesterday in Petworth and in
volved with the building loans con-
sideration In excess of $4,000 william
T. Galliher and others sold to Jacob s
Gruver thirty-six lots in square 1926
Nine of the lots will be Immediately
built upon and the others will be i'm
proved later. 1t IS said.
Sale In Georgetown.
Georgetown business property figured
in the weeks record of transfers. For
a consideration Of $4,000 the District Of
Columbia Paper Manufacturing Com
pany acquired property on X street. be-
tween Wisconsin avenue and thirty
third street. from D. w. ODonoghue,
trustee.
Another interesting sale Of the week
involved the old Kearney house, one Of
the landmarks Of Georgetown. The
property Is located at Thirty-ffth and
Prospect streets. and was sold by Mrs
Louise De Yturbide. bride of the Prince
Augustin De Yturbide. Of Mexico, to
Albert A. Clemons. The price paid was
1850.
more decided advance was wit
messed IN the loan market than In the
weeks trading. An increase Of nearly
se5o0Oo was shown over the record for
the previous six days. hTe exact fig-
ures in loans for the week were $751;
1871. This sum was borrowed on the
security Of 2ls lots at an average in
terrst rate of SIS per cent
Straight loans had the bulk of the
weeks business with an aggregate Of
6lS54.50 The sum of all the notes
Gtven for deferred purchase money was
~S.6S52l. The building associations ad-
vanced to members $4S,600.
county property was most favored as
Vdsis for loan security being encum-
bered to the extent of $685.. .929 25. Land
In the northwest was pledged for a total
Of sSS,5lo46. The record of loans in the
other city sections was: Northeast,
5000: southwest. $4,000. and southeast,