The Washington times., 1916-01-22
Tc,aI of 120 Transactions Clos
cd by Local Brokers in Past
Six Days.
SUBURBAN DEALS FALL OFF
City Property Exchanges Bring
Total to 20 Per Cent Above
That for Previous Week.


earnest this week, when the brokers
tion in excess of 100000. two at 10000
each. and others around the $2s,ooO
mark. A total Of 12O transactions were
concluded in the past six days showing
a daily average of twenty trades. The
weeks business showed an increase OF
more than 20 per cent over the trad
ing, for the second week OF January.
The best day of the week was We'd
nesday, when twenty-nine sales we're
reported. Friday was close second
with its record Of twenty-seven deals.
There were twenty-five trades COM
pleted on Thursday. and nineteen on
Tuesday Monday witnessed the closing
of fourteen sales and nine deals we're
reported on the half-holiday Of Satur:
day.
A marked decline in the sale Of out
lying suburban realty was noticeable
this week, when that section dropped to
third place In the race for supremacy
of the market, being surpassed both by
the near-urban district and the north
west. The race, however was an ex-
citing one, the record showing the three
sections separated by one sale each.
There were fifty lots transferred in the
near-urban district. forty-nine, lots in
the northwest, and forty-eight parcels
In the outlying suburbs. The southeast
made a good showing, being the scene
of the transfer OF thirty lots. There
were thirteen lots sold in the north
east and nine in the southwest.
West Virginia Investor.
Isaac T. Mann. of Barnwell. w. Va.
was the largest investor in Washing
ton real estate this week. He pur-
chased the property at 112S and 1880
Connecticut avenue northwest, for
merly occupied as the Walker Hughes
market. for 100000. The property
las generous frontage on the ave-
nue., and runs through to Eighteenth
street. 1t is expected the building =
now on the property will be extended
70 cover the entire lot. Sylvester W.
labrht, The former owner, took q trust
for $40 Ooo on the property. payable in
three years, with interest at per
cent. This is the smallest rate of in
terest recorded on e loan Of this size
1or several months. The stamps at =
tached to the deed Indicate the pay
ment of $4,000 in cash.
The old Georgetown business section
furnished one of the large deals OF
The week, when the Arlington Mills
property. at Potomac and Water
streets. changed owners at a con sid :
Grafton of $4,000. The property was
acquired by the present tenants. How
ard l.. wilkins and Samuel n. Rogers.
The title had been held by trustees
tlons which had been creditors of the
George W. Cissel Company, which oc-
c,!nied The building for many years.
lne Gi,,s sale OF the he, home M Of Mrs: George
nue. northwest fCS a price indicated by
the stamps at S30.OO0. was another i'm
portant transfer of the week. John II.
Hewson was the purchaser. Tho house
is OF the three-stOry attic and basement
type, and is of white stone construction
The frontage on New Hampshire ave-
nue. is Twenty-Five feet. The house ex-
tends through to Eighteenth street,
where the frontage Is about thIrtv-eight t
1eet. There are about twentT roor1s in
the house. The new owner plans TO
transform the dwelling into one of the
English basement type, Other altcra =
tions also are contemplated it is stated.
Apartments Change Hands.
Randolph T. Warwick last Wednesday
purchased the Wilson apartments at Az
First street southeast from Bates War
rem trustee OF the bankrupt estate of
John II. Nolan. The revenue stamps
, Indie ate the prIce to have been $26, ,OOU.
The Bioomingdale apartments at 81
New York avenue northwest also
changed hands this week. Frank r..
Davis ACQUIRED the property from Ben
jamin F.. Talbot, trustee, for s21, 500, as
suggested by the revenue stamps at
tached to the deed.
The loan market did not reflect the
Increased trading of the week but re-
corded a decline of $4,000 from the rec
ORD or the second Week vi the month
The exact figures in loans for the third
week of January were $3g9 1880 This
sum was borrowed on the security OF
~ lots at an average interest rate of
SIS per cent.
The bulk Of the weeks loans was of
the straight" variety, which showed a
total of s247 .460.73. The sum OF all the
notes given for deierTed purcna Sc
money was $SS2S.22. BUILDING associa-
uons advanced to members 500, ,55O
County property led in favor as n
basis for loan security being pledged
for an aggregate of s1S9, ,4G7.5H. Land in
the northwest was enCumbcred to the
extent of $l5S,l0O. The rec ord Of loans
in the other city sections was: North
east s25, ,299 q; southeast, s23,S00, and