The Washington times., 1915-07-10
BUSY REALTY WEEK 3.
DESPITE HOLIDAY
Brokers Report 119 Transae-
tions, 20 Per Cent In Excess
of Corresponding Week.

Realty trading for the initial week Of
July made a creditable showing despite
the handicap Of the Independence Day
holiday, which reduced the number OF
working days to FIVE. Many investors
and brokers alike took advantage Of
the week-end holidays, and extended
them until Wednesday. leaving prac-
tically only four days to accommodate
the weeks business.
The brokers completed 119 transac-
tions. however, in which were involved
201 lots. and parcels of real estate. Tho
weeks result exceeded, by nearly 20
per cent, the activity of the opening
week of July, 1914. The bad start is not
regarded by the brokers as ominous be-
cause they are reminded Of the really
remarkable business of July last year,
and fthe same month in 1918, both Of
which opened poorly but showed WON
derful Improvement in selling as the
months advanced.
Yesterdays trading indicated that tho
market is rapidly throwing Off the holi-
day inertia and that the records or
previous years may be equaled II nos
surpassed this month. There wero
thirty-one sales reported yesterday;
that being the banner day of the week.
Thursday was close at hand with
twenty-nine sales to its credit and only
one deal in advance of the twenty
eight trades recorded on Wednesday.
Saturdays half-holiday witnessed the
closing of nineteen sales while Tues
days record was only twelve deals.
The office Of the recorder of deeds was
closed on Monday because of the holi-
day
Suburban realty continued to doni-
nate the sale market and furnished this
week nearly half the volume Of trad
ing. In the outlying surburbs ninety
one parcels changed owners, while
twenty-nne lots were transferred IN
the near-urban district. Northwest was
in second place with thiry-two lots to
its credit. There were twenty-seven
lots conveyed in the northeast. four
teen in the southwest and eight in tho
southeast.
The suburbs also furnished the largest
sale of the opening week In July. For
q consideration Of about $4,000, tract
OF seventeen acres lying north Of Long
fellow street between seventh ana
by the National Capital Realty Com
pany from the Vinson estate, through
Thornton A. Jewett. The property Is
to be subdivided and placed on the
ment of the subdivision known as Long
fellow Terrace.
Another suburban sale which involved
81, 900 in the purchase price Is to be i'm
proved to the extent of $500 John
NJ. Henderson bought from the New
lands Company. eight lots in Fernwood
Heights upon which dwellings will be
erected shortly.
James Cardinal Gibbons. Archbishop
of Baltimore purchased additional prop
erty in Chevy Chase last Wednesday on
church of that suburb. The property
was acquired from the Chevy Chase
Land Company and cost the Cardinal
$2,140
The blight Of the holiday was also
reflected in the money market where g
decline OF nearly 100000 was recorded
from the previous weeks total Tho
exact figures in loans during the abbre-
Waited week were $685.. .3251S. This sum
at an average interest rate of 81 per
cent.
The majority of the loans were OF
the straight" variety being advanced to
persons already owning the property
pledged. The total of loans Of this char
ncter during the past five days was
s27O, ,731. .OS The sum of all the notes
given. for deferred purchase money was
$50, 1874. Building associations advanced
to members 57.46666.
County property continued to lead IN
pledged for an aggregate Of $234, ,S45. 10.
Land in the northwest was encumbered
to an extent of s129 .923. IS. The record
OF loans In the other city sections was:
northeast, $40, ,O66.66 southwest, $3.50 and
$5.739.S5