The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-08-26
TWO LARGE SALES
MEMBERSHIPS
IN REALTY MARKET
Department Of Justice Building
and Traction Company
Property Change Hands.

The purchase OF the Department Of
Justice building at 1885 and 1877 X
street northwest. for 31sS.O00 and the
sale OF a tract Of vacant ground for
100000 were the features Of the realty
market during the fourth week Of
August. These two sales registered the
highest considerations In the transac-
lions thus far In August 1915.
While the number Of sales and the
volumes Of trading both declined from
the record figures Of the preceding
week. the brokers regarded the trading
Of the past six days as more than salts
factory, considering the period Of the,
year and the absence OF brokers and
investors on vacation.
A total Of IA deals was effected this
week in which were involved go lots
and parcels of real estate. 1t 10 inte-
resting to note that the sales OF the
corresponding week Of August 1915
were Identical In number with the trad
ing Of the past six days.
The outlying suburbs returned to the
lead Of the market this week with a
total Of seventy-three parcels changing
owners. The near-urban district was In
second place with fifty-six lots trans
ferred. followed by the northwest where
forty-one lots were sold. There were
IHtttu iOtH COnNtytu tHe
eleven In the southeast and seven In
the southwest.
Trading Evenly Distributed.
The weeks trading was rather evenly
distributed. Wednesday made the best
showing with Its total OF twenty-six
deals followed closely by Tuesdays
record Of twenty-four trades. There
were twenty-one sales effected on Mon
day. twenty on Thursday and sixteen
on the half-holiday Of Saturday. FRI
day. usually the banner day Of the
week. brought up the end Of the process
sion with only fourteen sales to its
credit.
Mrs. Henrietta NJ. Halliday was the
largest investor In Washington real
estate this week. She purchased the
Department OF Justice building on X
street at sale conducted by the
American Security and Trust Company,
trustee.
The price was ssS.oOo. Mrs. Halliday
formerly owned the property but sold
II to Charles A. Gray when she acquired
building on B street southwest In
June 1916.
Tho Capital Traction Company's sale
Of an extensive tract Of vacant land
opposite It's car barn at Fourteenth and
Decatur streets northwest. was the sec.
ond largest sale OF the week. Charlea
e. Wire, Incorporated. invested 800. 00(
In the purchase Of the property. 1t II
expected that the land will be improved
In the near future.
Another important transaction Of the
week involved an apartment on the west
side Of New Hampshire avenue. be-
tween n and o streets. Henry HaseI
sold the building to Caroline b. Carroll
for a price indicated by the revenue
stamps at S40.5Oo. In part payment Mr.
Hazen took over three properties In
Of $4,000.
Arcade Holdings Increased.
The New Arcade Company added to
It's holdings near Fourteenth street and
Park road by the purchase Of n build
ing in the rear Of It's main structure
Emile Beriiner was the seller and the
price about $4,000. Other sales included
premises 174S M street northwe1t bough,
by John II. Hewson for S11.ooo and the
purchase Of premises $50 street north
west by the Wishbone Steel Wheel Com
pany for about $4,000.
An advance of nearly 500. 900 10 shown
In the loan market this week over the
record OF the preceding six days. The
exact figures in the loans of the week
were 1541, 6l0.56. This sum was borrowed
on the security of 162 lots at an aver.
age interest rate of SIS per cent.
Straight loans predomlnated with a.
aggregate Of x334.666. The sum OF all
| the notes given for deferred purchase
money was $152. 833.06. The building az
sociations advanced to members $S4.-
1880.
Northwest property Just beat out the
county In a race for the supremacy OF
the market. Loans on land In the north.
west totaled $3.50. 800 while county prop.
erty was encupbered to the extent oil
$50. 000.66. The record of loans In Tire
other city sections was: southeast. ST..
$40; northeast, S4.360. and southwest