The Washington times., 1915-06-05
TRADING FOR JUNE
STARTS OFF BR|SKLY
More Than TWo-thirds OF First
Weeks Deals Made in Su-
burban Properties.

Realty trading for June was launcheu
successfully despite the deluging rains
and the abbreviated week due to the
Memorial Day holiday. The weeks
operations were confined to four days
and the half-holiday of Saturday ana
in that period the brokers succeeded IN
closing 13S transactions involving the
change in ownership of 3O4 lots ana
parcels of real estate.
In volume of trading the first week
in June shows alt excess of nine lots
over the business of the final week oil
May. This record was excelled only
once In the last month and was equaled
on one other occasion in May.
More than two-thirds of the weeks
deals were in suburban properties. Ihe
two sections of the. suburbs We'd with
each other for supremacy. the near
urban district winning the decision.
Ihere were 1l9 lots transferred in the
SUBDIVISIONS contiguous to the city
boundaries, while ia parcels changed
owners in the outlying suburbs. Within
the old city limits the northwest, sec
tton was most active, being the scene
Of the conveyance of thirty-six lots.
The northeast and southeast sections
were tied with sixteen lots sold in each.
There were three lots sold in the south
west.
Friday Busiest Day.
Friday was the busiest day of the
week. having to its credit thirty-four
transactions, followed closely by
Thursdays record of thirty-one sales
There were twenty-eight deals completed
on Tuesday, twenty-five on Saturday,
and twenty on Wednesday. The brokers
observed the Memorial Day holiday on
Monday.
The chief transaction of the past week
was trading of properties valued at
SloS,0O0 between Harry Wardman, John
II. CLANCY and DR.. Henry ii. HaZen.
Dr: Hazen took over the new apartment
built bv Mr.. Wardman at 1872 New
Hampshire avenue and the apartment in
Woodley Park. on Connecticut avenue,
near Garfield street. In exchange he
transferred to Mr.. Chaney the Builders
and Manufacturers Exchange building
at l22O New York avenue and the three
story dwelling at 2510 Ontario road. DIR.
Hazen also conveyed to Harry Ward
man and Thomas Bones the unimproved
property at Ninth street and Rhode is
land avenue northwest, comprising Is, ,39d
square feet
The apartments are said to have fig.
ured In the transaction at about $45. 600
was valued at $4,000. the vacant ioi
at $2b,OO0. and the Ontario road dwell.
ing at about $4,000. The differences
were adjusted in cash and by mortgages
on some OF the properties conveyed.
Buys Ten Vacant Lots.
William s. Phillips purchased yestsr
day ten vacant lots on Kenyon street
between Nineteenth street and Adam.
Mil road The price paid was $4,000
1t Is expected he will improve the prop
erty shortly.
George Wv. Wise bought for $1,000
three lots at Twenty eighth street anc
Pennsylvania avenue northwest from
Fielder P. Hackney. Henry w. Offut
investmented $4,000 in the purchase o.
premises, 3051 N street northwest.
The loan market did not keep pact
with the selling activities Of the week
The exact figures in the loan market IL
the initial week of June were $25S,
652.59. This sum was borrowed on tn,
security of 1875 lots at an average in
terest rate of 81 per cent.
Straight loans dominated the marke
with total of $136.118.13. The sum o
all the notes given for deferred purchas
money was $69,73446. Building asso
Citations advanced to members s52,800.
Country property won high favor thi
week as a basis for loan security be
ing pladged for total of $169,I45.71
Land in the northwest was encumbere,
to the extent Of $56,606.8S. Tho recor,
of loans in the other city sections was
Northeast, S15,475; southeast, $14,O2
and southwest. S31OO