The Washington times., 1913-10-11
REALTY TRADING
" BELOW AVERAGE
World Series Likely to Have
Affected Business of Week.
Thirteen Sales Short.

Of october was disappointing. Whether
the brokers took too much interest In
the worlds series and slackened theil
efforts to close sales or whether in.
vestors are holding off to await de-
velopments in contemplated legislation
the fact remains from the record that
the past six days witnessed a decline OF
thirteen sales from the business of the
preceding week.
The lethargic condition Of the market
is made more apparent by compari-
Son with the activity Of the correspond
ing periods of 1912 and 1911. During the
week ending October L. 1872 the brokers
succeeded in closing 2oS transactions.
This week ending October II. 1911. saw
22i sales completed and established a
high mark for a weeks business which
has not since been eoualled. During the
past six days 142 trades were effected in
which were involved 1,0Sd lots and par
GELS of real estate.
While the number OF TRANSACTIONS
makes 4 poor showing as compared with
records of previous years, the volume
OF trading of the last six days Is three
times as large as that contained IN
either of the corresponding weeks OF 19l2
or 1911. This weeks number of lots
changing owners is 30 per cent IN ad-
vance of the total volume OF trading OF
the similar periods of the two preceding
years. In 1sl1 at this time 3s4 lots were
transferred, and in the like week OF l9l2
only S2l lots were conveyed. In the sales
closed this week were Included 1857 par
GELS of real estate.
Evenly Distributed.
The weeks business was rather evenly
distributed throughout the six days
Thursday proved the banner day, having
thixty-one sales to its credit. Tuesday
r.Beed second with twenty-six trades
effected. There were twenty-five deals
closed on Wednesday and twenty-one
each on Monday and Friday. The half
DAYS business of Saturday totaled
eighteen sales.
The Hons share of the weeks trading
was in the outlying suburbs. where S49
parcels changed owners. The near
urban district was second with eighty
two lots sold. The northwest ranked
third, having to its credit fifty-seven
lots conveyed. There were thirty-two
lots transferred in the northeast. thir-
teen in the southeast, and four in the
southwest.
The largest transaction of the week
in point of number of lots conveyed was
IN the subdivision Of Manor Park. Carl
L. Davis purchased $50 lots in this sub
division and tts additions. The con-
sideration is not stated nor are the
plans of the purchaser made public.
Two business properties changed
upper Fourteenth street and the latter
adjacent to the Municipal building. AL
bert Carry and Charles A. Carry. trus-
tees for the National Capital Brewing
Company. bought premises 1133 Four
teenth street from Granville P. Meade
The business site at 81 Thirteen-and-a-
half street northwest was acquired by
Iva A. Heany from Willis r. Ruggles.
The prices paid are not disclosed on the
record
terday conveyed to Eugene Van Rensse-
1aer the valuable residence at 1920 Ave
nue. of the Presidents. Among the
apartments sold this week was the
Prince George, at 1907 Thirty-first street
This building WIS bought by Abbie G.
Fox from Andrew c. Shannon.
Extending Activity.
Herman r. Howenstein is extending
his building activity in Northeast
Washington During the week he closed
the purchase of nine lots on East Capt.
tol street adjoining the corner of Four
teenth street. The land belonged to Holy
Comforter Catholic Church, the title be-
ing held in the name of trustees Mr.
Howenstein will shortly begin the erec-
ton of houses on five of the lots and
later will improve the remaining four
building sites.
The largest financial transaction of
the week was a bond issue Of 500 OOO
by the Citizens Investment Company
on its property at Fifteenth and G
streets northwest, directly opposite the
Riggs building and the Treasury De-
partment. The property is known as
the Home Life building. The corpora
talon conveyed the land and building
TO Robert y. Harper. Willie S. Hoge.
and James 4. Sample. as trustees, to
hold pending the redemption Of the
bonds. The issue comprises twenty
bonds Of 5000 each. which are payable
October l. 1853. and bear interest at
per cent.
The exact figures in the loan market
this week were $40, 1853 This sum
vas borrowed on the security of $50
lots at an average interest rate OF per
cent.
Straight Loans Largest.
Straight loans far outstripped their
competitors this week. displaying an
aggregate Of $273.523. The sum of all
the notes given for deferred purchase
money was s19.sS3 10. The output of the
building associ3 tions was s61. 900.