The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-05-20
Brokers Find Selling Easier and
Make Up Decline Shown
During Preceding Days.
INCREASE OF HUNDRED Ibis
Transactions on Tuesday Come
Near Reaching High Record
Set Last Year.

An exchange Of real estate. IN which
properties valued at about ssso.oOo ng-
ured. was the feature Of the realty
trading of the third week Of May. The
brokers found selling an easier task
during the last six days and made up
some OF the decline which was notice.
able In the trading of the preceding
week Involved in the al transactions
Of the past week were 3i3 parcels OF
real estate.
An increase Of more than 100 lots In
noticed In the volume of trading during
the last six days. The number Of deals
is ten in excess Of the activity OF the
preceding week.
Tuesday was the banner day Of the
week. when thirty-nine deals were re-
corded. being only seven sales short OF
the years record for days activity.
Friday ranked second. with twenty
eight trades effected There were twen-
ty-three sales reported on Thursday and
twenty-one on Wednesday. Monday and
Saturday were tied. with fifteen deals
each.
There was a decided boom in outlying
suburban property during the last week.
and. as II resenting its displacement for
to I the lead Of the market with a marked
advantage. More than half the weeks
trading was included in the .1S5 parcels
Of suburban property which changed
owners.
Northwest in Second Place.
The northwest was in second place
with sixty-two lots to its credit, follow
ed closely by the near-urban district
where fifty-six lots were conveyed
There were 'twenty-three lots trans
ferred in the southeast, eleven in the
northeast and six in the southwest.
About 500. 200 was the valuation placed
street and 6o7 Fourteenth street, which
figured In the trade between Mrs Emma
Walter and Harry Wardman and
Thomas Bones. Mrs. Walter also con-
veyed to Wardman and Bones the Her
mitage apartment at III Vermont ave-
nue.. at price indicated by the revenue
stamps at $4,000. She also transferred
to the builders the two stores at 22o3
Indicate a Valuation Of $500. stamps
In exchange for these properties
Messrs. Wardman and Bones sold to
Mrs. Walter the Tuxedo apartment. just
completed by them: at ltss 7 street.
alteration of S115.00o for the apartment.
II Is a four-story building fronting ~
feet with depth of 200 feet. and has 50
suites.
Harriette c. Coates and w. wilber-
force Thomas sold an apartment near
Eighteenth street and Wyoming avenue
to Mrs Frances 9. Weir. wife OF
Thomas Thor Wsr Of Blair =. county Pa The
Harry Wardman and Thomas Bones
invested So 900 in the purchase of prem
ises lile X street from Thomas l..
Casey The property adjoins land al
be included In the site for the proposed
new building for the Department Of
Justice.
Division Of Riggs Estate.
Valuable propertiea are included in
the division Of the estate of e. Francis
Riggs made yesterday by his two sons.
e. Francis Riggs. jr.. of Washington.
took over premises 1414 II street. 40 and
AZ Ninth street. and properties on X
street northwest. between Fourth and
Fifth streets. and in Southwest Wash
ington. T. Lawrence Riggs, OF Cam
bridge. Mass. gets premises 1t06 II
street northwest, 1870 to 1923 Riggs place
northwest. the large holdings on the
northwest corner Of Thirteenth street
and in the square bounded by Thirteenth
and Fourteenth streets. M and N streets
northwest.
An advance was also noted in the loan
the preceding week. The exact hgrr4
in loans for the last six days weH
| s506. 70s.s5. This sum was borrowed oI
the security of 2o4 lots. at an average
interest rate of 81 per cent.
Straight loans had a decided call on
the market. with an aggregate Of $751;
1888. The building associations ad.
vanced to members $500. The sum OF
all the notes given for deferred pur-
chase money was s57.s54.oe.
County property continued to lead the
market as a favorite basis for loan
security. with a total of $317. $500 Land
In the northwest was encountered TO the
extent of 3142.970. The record Of loans
east, 81. 200; southeast. $sO, 1888. and
southwest, $500.