The Washington times., 1916-01-22
TciaI 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.

Realty trading for 1916 began IN
earnest this week, when the brokers
closed one deal involving a considera-
tion in excess of 100000. two at $4,000
each, and others around the $4,000
mark. A total of 120 transactions were
concluded in the past six days showing
q 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 hest day of the week was We'd
nesday, when twenty-nine sales were
reported Friday was a 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 were
reported on the half-holiday of Satur.
day.
lying suburban realty was noticeable
this week, when that section dropped to
s 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 1928 and 1880
Connecticut avenue northwest, for
merly occupied as the Walker Hughes
market for 100000. The property
has a generous frontage on the ave-
nue, and runs through to Eighteenth
street. 1t is expected the building
now on the property will be extended
TO cover the entire lot. Sylvester w.
I-abrot, the former owner, took a trust
Tor $40 900 on the property, payable in
three years. with interest at 1 per
cent. This Is the smallest rate of in
terest recorded on e loan Of this size
1or several months, The stamps at
Iached 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 consid-
Grafton of 10000. The property was
acquired by the present tenants, How
ard L. wilkins and Samuel II. Rogers.
The title had been held by trustees
tions which had been creditors of the
George w. Cissel Company, which oc-
ciInied the building for many years.
The sale of the home of Mrs. George
l.. Gillespie at 1888 New Hampshire ave-
nue. northwest fCS a price indicated by
the stamps at go, ,0O0 was another inn
portant transfer of the week. John H.
Hewson was the purchaser. The house
ls 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 thirty-eight
feet. There are about twenty rooms in
the house. The new owner plans to
transform the dwelling into one of the
English basement type. Other altera-
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
indicate the price to have been &26 900.
The Bioomlngdale apartments at "a
New York avenue northwest also
changed hands this week. Frank n.
Davis acquired the property from Ben
1amin r.. Talbot, trustee. for 81, 500, as
suggested by the revenue stamps at
taehed 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 OF the second Week OIL the month
The exact figures in loans for the third
week OF January were $S99, 1886. This
sum was borrowed onl the security OF
II lots at an average interest rate OF
SIS per cent.
The bulk OF the-1week's loans was of
the straight variety. which showed a
total Of $247 .46O73. The sum OF all the.
notes given for deferred purchase
money was $Ss.2S,22. Building assocla-
tions advanced to members $3.50.
County property led in favor as a
basis for loan security being pledged
the northwest was encumbered 10 the
eNtent of $l58,100 The record of loans
in the other city sections was: North
east. $25,299.74; southeast, $23,S0O, and