The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-03-18
TWO RECORDS MADE
in PROPERTY DEALS
|DUR|NG LAST WEEK
Thursdays Sales Set New
Mark for Days Business In
1916.

Two new records for 1915 were estab-
lished by tho real estate operations OF
the past week. In concluding forty-two
transactions on Thursday the brokers
exceeded by seven sales the high mark
for a days activity this year.
This new figure was excelled only
twice In 1915, on october 7 and Novem-
Der r. On the latter date forty-three
deals were effected and forty-six trades
were closed October Z.
The weeks total OF 1T6 transactions
was by far the best showing OF the
new year The nearest approach was
In the week ending February II, when
1853 deals were closed. The daily aver
age OF sales in the past six days was
nearly thirty. Involved in the weeks
trading were 2i5 lots and parcels Of
real estate.
While Thursdays activity hung UP a
new record, Fridays business eaualed
trades Tuesday ranked third with
twenty-seven deals, while Monday,
"wednesday. and the half-hoiiday Of SAT-
urday were tied with twenty-four sales
each.
The outlying suburbs continued to
lead the market nut by a small margin.
Seventy parcels changed owners in this
area, while rixty-siN lots were trans
urban district ranked third with sixty
lots conveyed. There were twenty-eight
lots sold in the southeast, eighteen In
the northeast, and three In the south
west
Chief Sale of Week.
The chief transa ction OF the week
was the sale OF the Arlington Fire In
surance Company's building at 1906
Pennsylvania avenue northwest. to
Charles G. Glover, jr., and II. Rozier
Dulany, trustees. The price paid was
$4,000.
The property adjoins the Riggs Ma
tional Bank. and is supposed to have
been purchased for its use. The deed
conveying the property does not mention
the bank, merely reclting that the trus-
tees are TO hold for the benent Of the
contributors to the purchase money.
The four-story business building ut
llO6 @ street northwest was bought by
Grace, Ellen and Charles Gardner from
James Sharp. The price as indicated
by the revenue stamps was ISL, 900. The
property fronts rs feet with a depth Of
100 feet.
Mrs. Martha c. Goldman, who resides
at Twcnty-second street and Decatur
place northwest. invested $50. 900 yester-
day In The purchase OF a vacant tract
adjoining her property and running
through to 8 street. lie Roy futile
owned the property. which Is described
as part OF lot Al In the subdivision of
Widows Mite.
For consideration indicated at $4,000
James Baird and Victor J. Evans have
acquired the old Erafft bakery property
at the southwest corner OF Eighteenth
street and Pennsylvania avenue north
west. The plans of the new owners are
not made public.
An exchange Of properties was effect
ed between Henry n. Amos and Giles
Y. Heilprin. Mr.. Heilprin bought the
business property at 5l3 Eleventh street
northwest for price stated to be &35.-
900, Mr.. Amos took over the three-story
apartment house at 1893 Fourth street
northwest at valuation OF $4,000.
Business Property Sold.
Charles }. Langmead became the own
er OF the business property at s2l q
street northwest yesterday. For about
$4,000 he bought the property from
George r. IAnkins. who had purchased
II from Justice job Barnard. who held
title as trustee. Lester A. Barr Is said
TO have invested ,e45OO in the purchase
OF the land st Nineteenth street and
Wyoming avenue. Ella 8. Dubois was
the seller.
An Increase OF more than $1,000 is
noted In the loan market during the
second week of March. The exact fig
ures for the past six days were $50, 725.-
81. This sum was borrowed on the
security OF 40 lots at an average in
terest rate of 81 per cent.
Straight loans continued to lead the
market with an aggregate of $35s. AS
81. Tho sum of all the notes given for
deferred purchase money was $40. 25e.-
80. while the building associations ad-
vanced to members s102, $50.
County property was most favored as
a basis for loan security. being pledged
for a total Of 1854. %. Land in the
northwest was encountered to the ex-
tent OF S163.64l.22 The record OF loans
in the other city sections was: south
east, s2i,soO; northeast. t23,s60. and
southwest, $500.