The Washington times., 1916-08-05
Decided Improvement Shown
Over Record for Cores
pondlng Period Last Year.
DECLINE FROM July SALES
But Brokers Expect Falling of
During Height Of the vaca-
ton Season.

Realty trading for the initial week OF
August, 1916. showed a decided improve
ment over the activity OF the CORES
ponding week Of last year. In the past
week the brokers concluded twenty five
more deals than In the first week OF
August, 1915. The loan market also
registered a higher ngure than in the
opening days of last August. ....
Compared with the closing days OF
July the record OF the past week is not
80 encouraging. A decline Of nine sales
10 shown. and nifty fewer lots were In
cluded in the volume Of trading during
the past six days. Involved In the
weeks total of 132 transactions were lSz
lots and parcels of real estate.
such slight falling-ofr In trading. how
ever. is not giving the brokers much
month in the realty business. weather
conditions and the exodus OF brokers
and investors alike on vacation trips IN
August usually have a depressing effect
on the market. lhe month is largely
devoted by the brokers to the planning
OF the fall campaign and to preparations
Tor the expected activity OF september.
Trading Well Distributed.
The trading Of the first week OF Aug
ust was we'll distributed. Friday was
twenty-six sales to its credit. but It was
only one sale In advance OF thursday.
while. ednesday reported twenty-four
trades. The half-holiday OF Saturday
made an excellent showing of twenty
three deals effected and twenty sales
were recorded on tuesday. Monday
made the poorest showing OF the week
with only fourteen sales.
haaviaSf nf ha aat nj
days was In the outlying suburbs where
stxty-seven parcels changed owners.
The northwest and the near-urban dis
trict were tied for second place, each
reporting thirty-six lots conveyed. There
were nineteen lots sold in the southeast,
fourteen In the northeast and ten in the
southwest.
The largest transaction Of the week
tract In the northwest suburbs by the
Mt. Vernon Seminary. Incorporated.
Property valued at nearly 500. 900 lying
on Nebraska and Arizona avenues. be-
tween Quebec and Tilden streets in the
vicinity of the American University was
acquired and a building loan OF $50, 900
secured from the American Security and
Trust Company. Handsome buildings
for the use Of the school will be erected
on the property.
Henry. A. du Pont, of Delafare, was
one Of the prominent investors In Wash
ington real estate this week. For con-
sideration indicated at 5000 he bought
the three houses Nos. 140S to 1412 Seven
teenth street northwest. The property
has frontage Of sixty feet with a
depth Of 40 feet The plans of the pur-
chaser have not been made public.
Mr.. Quinter Buys House.
Ralph d. Quinter. referee in bank
ruptcy. has purchased the property OF
Mrs. Agnes w. Willett. at 25l9 Connecti-
cut avenue. The house is the middle
one of the three buildings on the cas-,
OF the north entrance to the million.
dollar bridge.
The price paid is indicated at 1000
Mr. Quinter has transferred to Clarke
Waggainan premises 2125 Fifteenth
street northwest; The consideration Is
reported at $1,000. T. A. Scott ThropI
has invested So, 800 In the purchase of q
house on Nineteenth street northwest
to Harry A. Kite.
An increase of nearly 5000 is shown
In the loan market for the opening DAYS
OF August over the record of the pre-.
ceding week. The exact figures in loans
lot 19r the past sig. days were s6S5.s2i.s7
OF l55 lots at an average interest rate
The bulk of the weeks loans were O,
the straight" variety, which tottaIed
$4Nbs6. The sum of all the notes given
5Ss.s7. The building associations ad.
vanced to members $7O.SO0.
County property returned to favor as
basis or loan security, being pledged
for an aggregate of $500. 1879. Land In
the northwest was encumbered to the
extent OF SIG $3.50. The record of loans
in the other city sections was: South.
east, So, 900: northeast. $685. ,3s7, and
southwest. SIC, 200.