The Washington times., 1917-02-24
NEW DAYS RECORD
IN REALTY IS SET
Activity in Trading Greatest of
the Year in City and
EnVironS.
MANY DEALS IN SUBURBS
271 Lots Change Hands in the
Outlying Districts Dur
ing Week.

A new record for a days activity in
realty selling in 1917 was established
yesterday, when the brokers conclud-
three deals over the best previous
days trading in the new year. De-
spite the handicap of an abbreviated
week due to the holiday on Washing
toms Birthday, the brokers completed
I23 sales in five working days, and
displayed an advance of 80 per cent
over the number of transactions re-
ported during the second week of
February.
The volume of trading OF the third
week of the month more than dOu-
bled that of the preceding six days.
Included in the weeks transfers
were 434 lots and parcelsoOf real es-
tate. The closest approach to these
figures in 1917 was during the week
ended January 13, when 81 lots
changed owners.
For three days of the week selling
was almost at a par. On Tuesday
twenty-siX sales were made, twenty
four on Wednesday, and twenty-three
on Monday. There were ten deals
reported on the half-holiday of Satur-
udN. Inc OlllCt ol lIt TAtNoIutI VI
Deeds was closed on Thursday.
Many Suburban Deals.
The outlying suburbs outdistanced
its competitors in the race for the
scene of the transfer of 271 parcels.
The near-urban district ranked sec
Ond, with sixty-eight lots conveyed.
IN, frI nj
with fifty-one lots to its credit. There
were twenty-five lots sold in the
southeast, sixteen in the northeast,
and three in the southwest.
The feature OF the weeks trading
was the transfer of the Brighton
apartments at 2I23 California street.
Harry Wardman and Thomas Bones
conveyed the property to Starke ID.
Ferguson. The consideration is not
stated, but the property was trans
ferred subject to a trust for 81 so. 900.
Two smaller apartments figured in
the weeks realty operation. John II.
NJ. CLANCY transferred to Jessie o.
Cugle the Isabella and Duquesne
apartments at 1888 and 1889 Newton
street northwest. The consideration
in the deed was nominal
BehnInE Property Sold.
\ large tract of land at the junction
nue. was purchased this week by Jay
Gates from Joseph Swift. The price
is given at S43. 400.
The Worthington property at
Thirty-fourth and Reservoir streets
in Georgetown was sold on Wednes-
day by William F. Fitzgerald to Muir
4
but Mr.. Fitzgerald acquired the prop
erty last month in a trade at a-price
indicated at $4,000. Mr.. Cobb con-
veyed TO Mr.. Fitzgerald premises 1855
New Hampshire avenue northwest.
The price is not made public.
Two business properties changed
owners during the week. Premises
926 New York avenue northwest was
acquired by Henry II. HaZen from
Florence L. WhitfOrd. The land is
subject to trust for $4,000. but the
deed does not give the complete con
sideration. Alice $. Bankhead sold
premises 1886 / street northwest to
Lester 4. Barr and Edmund u. Rheem.
The price over an encumbrance of
ST., 800 is not stated.
Decline in Loans.
The loan market suffered a decline
Of S25,0OO from the business OF the
second week of February. The exact
figures of loans in the past five days
were $465, ,4S2.31. This sum was bor-
rowed on the security of $50 lots at an
average interest rate of SIS per cent.
Straight loans prcdOminated with
an aggregate Of S3S3.5:i2. The build
ing associations advanced to members
S43.016.66. The sum of all the notes
given for deferred purchase money
was $3S.O33.6j.
Northwest property continued to
lead a. basis for loans, security being
pledged for a total of S246, ,s66.G6.
Land in the country was encumbered
10 the extent of 500, O,2S7.65. The rec
ord of loans in the other city sections
was: Southeast, S9,32s: northeast,
$3.50. and southeast 81 75O