The Washington times., 1916-07-15
IMPORTANT REALTY
ACTIVITIES MARK
THE week IN D. c.
Thursday Sees Largest Volume
Of Business Recorded In
Office of Deeds.

Reaf estate operations for the second
week Of July were marked by two i'm.
portant events. A new record was es-
tapiished for days activity In 1916
ana John +. Costello. a native OF the
District OF Columbia. was indicted into
the office as recorder Of deeds. being
the first white man to hold the office
since 1881.
Both events were staged on the sams
day. July 49, As though to welcome the
new recorder the brokers concluded
fifty transactions on Thursday being
four deals In advance OF the record Of
May 3. 1916. The largest number of sales
In one day In lal5 was forty-six. so the
record OF Thursday stads as the best
days showing in two years.
July trading recovered from the bad
start of the opening days OF the month
and in the past six days lI6 transactions
were effected, n gain OF seventy-four
sales over the business of the preceding
week and eaualing the years high
mark for a weeks trading. In the week
ended May 8. 1916. just 176 SAILS were
reported. Included in the activity OF
the second week of July were AIS lots
and parcels of real estate and as only
397 lots changed owners in the first
Wtfh VI 4hdNs tHt phst siA bayb hHF
Justly lay claim to the most active week
OF 1916.
Friday Busy Day.
The activity,of the brokers' was not
confined to thursdays record breaking
| selling. but thirty-seven deals were
closed on Tuesday. and tinrty sales on
Friday. On the haif-holiday OF ea'ir-
DAY twcnty-fodr trades were repoi:'c.
ana Monday witnessed the completion OF
twenty-five deals. The poorest show ne
OF the week was Wednesdays thirteen
| saier
Moro than half OF the weeks ira line
was In the outlying suourDs. wnere .r
parcels changed owners. he near
urba:' district ranked second with S:y-
sever lots conveyed. A decided increase
In demand for property IN the north
eas, brought that section into i.ird
position with stNty iots sold, executing
the northwest section. wnere only '1f:y-
| for lots were transferred. iherc were
nineteen lots sold In the Goutheast ana
| two in the southwest
The sale OF Chatham courts a. liSI
Columbia road from Harry wardnan 20
| the Alonzo %. Bliss Properties 'nrI-
pany for a consideration In exceas OF
siu,UU. was not the only large sa,e oil
the past six days. ror Il consideration
indicated by the revenue stamps 1T
s2uCD Redheld Proctor sold the tnn n
At ytTeetS n'7TlH-
west to kennedy Brothers.
Buys Vacant Lot.
Redflcld Proctor invested about $780,
0O0 in the purchase OF twelve vacant
lots. fronting on Sixteenth, Belmont and
Crescent streets. The ground was ac-
1uired from the Columbia Properties
Company and figured in the trade some
months ago with Mrs. Henrietta NJ.
| In " III .a n
the new building ut Thirteenth and q
streets southwest. now rented TO the
Department OF Agriculture and the
building occupied by the Department Of
Justice on X street.
The Bliss Company also figured as a
seller in the weeks transfers. II con-
veyed to Clarence F. Normen five lots
in Argyle Park on which is located
the handsome suburban home, 4sl7
Rlagden road. The Price is indicated
by the stamps and an incumbrance at
about $4,000. Mr.. Norment as part con-
sheraton transferred to the Alfonzo y.
Bliss Company, twenty-four lots In
Wesley Heights, a lot in I.anier
Heights. and one in Saul's Addition.
The value of tho lots is placed at $4,000.
Daniel J. Callahan sold premises zl4
Wyoming avenue northwest. to Florence
S3i, 500. In Connection with the Chatham
Courts deal. Messrs. Wardman and
| rsoneg took over from tie pilss Con-
lpany premises 1888 to 1916 S street
: northwest. tract In Sixteenth street
between Newton and Meridian street
, and vacant lots at Sixteenth and Pine
streets. The price of these properties
is indicated at sl37, 800.
Increase Is Shown.
An increase # more than $oO.v, v
, shown this week In the loan marke,
over the record for the initial week OF
July. The exact figures for the second
week of the month were $775.7S3.l7. This
sum was borrowed on the security Of
ia lots at an average interest rate Of
, Straight loans predominated with ar
aggregate OF $543.403.56 The sum OF al
/ the notes given for deferred purchase
I money was sl54 .529.6l. The building as
sociations advanced to members ST $50
n Northwest property was most favored
as basis for loan securities being
: pledged for a total Of $474.363. County
: property was encountered to the ex
;. tent OF s237. 1857. The record of loan
!. in the other city sections was: North
east, s45O5 southeast. sl6.5OO. ant
;. southwest, 2.375.