The Washington times., 1916-05-06
Month Starts AusplciousIy With
Largest Total Of Days
Sales for Year.
4e DEALS ON WEDNESDAY
Suburban Real Estate Figures
Prominently In the Business
OF Last Week.

May trading In real estate opened
most auspiciously. A new record for
dsy'o activity In 1915 was established
on Wednesday and was Identical with
the highest number of sales reported In
one day In 1915 The number Of trans
actions effected In the first week Of the
month eaualed the high mark for a
weeks business In 1916.
In completing forty-six deals on
Wednesday the brokers topped by four
transactions the years high mark OF
forty-two trades reported March 16.
The record of a days activity In 1916
was made october last and equaled
Wednesdays sales.
The business of the past week takes
second place in the records o: trading In
the opening days OF May. being exceeded
only by the first week of May, 1915,
when q total OF Isl deals was reported.
While five sales behind the record Of
the corr esponding week OF 1915 the past
weeks showing excels the like week Of
1914 bv forty-three trades. and is five
sales in advance OF the trading of the
Initial week of May. 1913. Included In
the 17s deals closed this week were 397
lots and parcels of real estate.
While Wednesday was the busiest
day OF the week. the trading on four
other days made a good showing.
Thursday ranked second. with thirty
sales, followed closely by Mondays rec
Saturday were tied with twenty-seven
sales. and Friday was the poorest day
OF the week, having only seventeen
trades to its credit.
Suburban Property Active.
Nearly half the weeks volume of trad
ing was in the outlying suburbs. In this
area 172 lots changed owners. The near
urban district took second place. with
eighty lots conveyed. followed by the
northwest, with seventy lots. There
were thirty-six lots sold in the south
east, twenty-nine in the northeast, and
ten in the southwest.
The most valuable property conveyed
during the week was the Arcade build
Ing. at Fourteenth street and Park road.
Joseph Sanders and s. Herbert Giesy.
as representatives OF the bondholders
and trustees. transferred the property
TO the New Arcade Company. The price
above the encumbrances was SCI, 900.
The balance due on the encumbrances
was not stated.
The Spartan Film Corporation invest
ed S0.OOO In the purchase OF a tract of
land west OF Georgetown known as VAL
ley View Farm. The tract is extensive
and was owned by Washington X.
Berry.
me CneHicai frouucts Company ac-
CURED twenty-eight acres of the Gies-
boro Manor. near the steel plant.
from Henrietta B. Heiskell. The price
was $1,000.
Three downtown business properties
figured In the weeks trading. Moses
Goldenberg sold premises G17 Second
street northwest to Elizabeth l.. Kahn.
The stamps indicated n consideration of
$32.0Oo Susan II. SheetZ acquired the
building at 800 Twelfth street north
, west from William II. Truxton. The
price is stated to be s9O.5OO. Mrs. Eliza
beth Stark sold her half interest in
tie commission house az 927 q street
northwest to her brother. Herman H.
Philip. The property was valued at
$4,000
Park Road Property Sold.
Louise C. Putnam bought property on
Park road. near Thirteenth street. for
about $4,000. C. Elton James was the
owner. For price indicated at $36 900
David j. DUNCAN sold TO Carrie NJ
sutton properv on II rtrcet northwest
between Sixteenth and Seventeenth
streets, He took In exchange houses
and a house on Florida avenue north
~east
Luther A. Swartzell secured a vacant
lot which would comprise 1919 to 1857
RIGGS place northwest. from Harry C.
Grafton of $4,000.
The loan market also displayed i'm
provcment this week. The exact figures
~ loans during the opening week OF
May were $735.65625. This sum was bor-
rowed on the security of 258 lots at an
average interest rate of 81 per cent.
Straight loans had the lions share OF
the weeks business. with total OF
$3.50, 1888 81. The sum of all the notes
given for deferred purchase money was
Slg, ,22o. IA. The building associations ad-
vanced to members $65, 500.
County property won high favor as a
basis for loan security, being pledged
for an aggregate of SIS, 800. Land in the
northwest was encumbered to the extent
of S267.150. The record of loans in the
other city sections was: Northeast,
sss G72 80; southeast, $4,000, and south
west. $3.50.