The Washington times., 1915-05-15
REAL ESTATE MART
HAS BUSY FORTNIGHT
Trading For Week Breaks 1915
Record-Loan Market Is
Largely on County Property.

The reputation Of the month OF may
as a specially active period or realty
selling was maintained during the sec
ond week of the month. The fortn1sht
has been the busiest the brokers nave
experienced this year. The record LOT
1915 for a weeks trading established IN
the opening days Of the month was sur
passed. In six days the brokers sue
ceeded in closing 1872 deals. beng one
sale in advance Of the number OF trans
actions effected during the initial week
of May. -
The volume OF trading is slightly be-
hind the record of the preceding *
days. Included in the transactiohs
we're 3o4 lots and parcels OF real 1 estate,
changed owners.
The activity was general throughout
the week although Tuesdays record q. o.,
forty sales completed ted was asvs ssGIyd TTdsY
ranked second with thirty-slx deals ei-
fected, followed closely by Monday with
thirty-one and Thursday with twenty
nine. There were twenty-five transac-
tions completed on Wednesday and twen-
ty-one on the half-holiday OF Saturday
Call of the Suburbs.
The call of the suburbs continued with
los parcels Of real estate changing own
ers. The near-urban district was In
veyed followed by the northwest with
hfty-tve. There were thirty-one lots
sold In the northeast, twenty nine In
the southwest and twenty-seven in the
southeast THIS shows demand In
every section of the city and augurs
we'll for the stability OF the real estate
market.
The largest sale Of the week involved
a consideration Of $lAS.oO0. For this
price Kennedy Brothers sold the Argyle
apartments to DIR. Zachariah 4. Sewers.
As part consideration for the property
DR.. Sewers conveyed to Kennedy Broth
ers large tract OF land at sixteenth
street and Crescent place.
The next highest priced deal of the
week involved the old Nixon property
street northwest The Nixon Estate
Company transferred this extensive
holding, known as a portion of Pretty
Prospect, to James II. Brady for slSo.Voo.
Other Interesting Sales.
There were no transactions IN cxpen-
sive business sites this week as marked
the operations of the earlier days OF the
month. There were, however. interest
Ing sales by which business concerns
increased their holdings Of real estate
duSing the second week of May.
The Chaplin Sacks Manufacturing
Company spent nearly $O,OoV IN acQuir-
ing property adjacent to its plant on M
street northeast. near First street One
lot cost the company SS,UW. and lour
other lots about $2.50O each.
The Cairo Apartment House Company
purchased l627 y street northwest. ad-
joining its building on the west. The
consideration indicated by the revenue
stamps was 5,5OJ. The transfer was
made through George Y. Worthington
from Harriet !. Newlin and others.
The corporation of W. B. Moses G
Sons took over the title to its extensive
realty holdings which had been In tho
Thomas V. Smith trustees. This
property included the Moses store at
Eleventh and F streets, warehouse
property near Twenty-second and NJ
streets northwest, and a half square OF
ground at Twelfth and c streets south
west.
The estate of Charles b. Church. for
mer president of the Independent Ice
Company before its absorption by the
American Ice Company. was distributed
among his heirs this week by deed from
the executors. The property included
nearly twenty-five houses and lots In
southwest Washington.
Loan Market Figures
The loan market continued in good
condition during the second week OF
May. The exact figures for loans OF tho
past six days were S5Ol, ,O76.96. This sum
was borrowed on the security of 2Sf lots
at an average interest rate Of So per
cent.
The bulk of the weeks business was
in straight loans. which aggregated
&a29. .556.21. The building associations ad-
vanced to members S99.40O The sum of
all the notes given for deferred pur-
chase money was S72 2,120.S7.
County property won the palm as the
basis of loan security this week, being
pledged for total Of s251 ,12217. Land
In the northwest was encountered to the
extent of sl52, The record of loa rs
In the other city sections was northeast,
$62, ,9Ss; southeast, $2S $50, and southwest.
$3.50.