The Washington times., 1913-03-08
REALTY DEALS BIG
DESPITE INAUGURAL
Brokers Close 105 Transactions
in Week of Festivity, With
Five Working Days.
QUALITY RULES TRADlNGS
Most Notable Increase in Loan
Market, Where a Total OF
$778,349 Is Reached.
QUALITY RULES TRADINGS

Spring realty trading had fair open
ing, despite the distractions of the fes-
tivities in connection with the inaugu-
raj ceremonies and the suffragette pa
rade. The last week was reduced to
five working days, yet the brokers sue
ceeded in closing 1o5 transacn"rs ana
sustaining q daily average Of twenty
one sales. The volume oI traai-.s ".,s
but slightly below that of the preceo-
ing week with its full working time:
A total of lS3 lots and parcels OF real
estate changed owners in the initial
week Of March.
Quality continued to pervade the mar
ket The SlOOOOO-mark was exceeded
more than once in the consideration for
the transfer Of business properties. Sew
eral apartments were sold at good ng-
ures, and the other sales evidenced
healthy condition of the market which
presages well for an early Improvement
in realty operations.
The most notable increase Of business
this week was in the loan market.
where the figures more than doubled
those OF the previous week. and ex-
ceeded anything shown in the past two
months. Loans reached a total OF $IS.-
1855 ---.--
In Outlying Sections.
Trading in the outlying suburban
section was on par with the preceding
week. total Of seventy-nine parcels
were conveyed in this section, as COM
pared with eighty parcels sold last
week. The northwest ranked second,
with forty-one lots transferred The
near-urban district was in third place.
having lots to its credit. There were
sixteen lots sold In the northeast, eleven
in the southeast and six in the south
west
Probably the most important sale
of the week was the transfer by
James Sharp to Henrietta NJ Halli-
day Of the new business block on the
east side of Thirteenth street north
west, between G and H streets. Mr..
Sharp purchased from Mrs. Halliday
premises 1106 G street northwest and
three houses on Ninth street north
of K street, known as Nos. '1011 to
1918
Mr.. Sharp also acquired two proper
ties adjoining the corner Of Four
teenth and l. streets northwest from
George c. Morrell. These include
premises 134s L street and 110s Four
tsenth street northwest.
Downtown Property Sold.
The downtown business section is
represented in two sales of the week.
Albert Carry bought premises $50
Louisiana avenue northwest from
Samuel Talbert. Mrs. Lura II.
SCnlllel increased nef -AOiQln2S OF
property on lower Pennsylvania ave-
nue. by acquiring 2e3 Pennsylvania
avenue from Edwin c. Brandenburg,
trustee.
One store and three apartments on
upper Fourteenth street figured n
the transfers of the week. Robert
and Marie Allen bought 1917 Four
teenth street from Louis and Annie
Sherman. Joseph Speidel, sr., sold
the three apartments at Nos. 1925. 1927
nd ofr krn
as the Berwyn, the Oregon and The
Helvena. The latter was purchased
by Fernando r Sari. Henry p. Amos
bought the other two.
Hugh Reilly is the owner of prem
ises 14l6 1 street northwest. the
former home of Morrison r Waite,
former Chief Justice Of the United
States Supreme Court. deed from
the heirs OF Justice Waite to Mr..
Reilly was recorded yesterday. The
consideration is not made public.
The largest transaction in the loan
market this week was for $500, 600.
A note for this amount was executed
by the Metropolitan Coach Company
made payable in five years with in
terest at 6 per cent. To secure its
payments. the company mortgaged
AL its property. real and personal
Next Big Transaction.
The second largest transaction in the
money market was made by Kanedy
Brothers who secured a loan of s1O0. 600
on their property at the corner of Sew
enteenth street and Park road. The
land fronts 153 feet on Seventeenth
street with depth of 100 feet on Park
road, and was conveyed to Harry l..
Rust and George c. Bowie to secure
the payment of the loan to Eliza beth R.
Pendleton IN three years at 5ha per cent
interest.
These two loans aided materially in
swelling the figures OF the week to a
total Of s778.3i9s5. This sum was bor-
rowed on the security of l49 lots at
an average interest rate OF 81 per cent
Straight loans constituted the bulk OF
the weeks business, with an aggrega;e e
OF S51s. $3.50. The sum of all the notes
given for deferred purchase money was
s203. s05 60. The output OF the building
associations was S57, ,605S5.
The northwest was most favored as
security for loans. having a total of
352s.520. County property was encum-
bered TO the extent OF s35.s .s7s.95. The
record Of loans in the other city sec
tfons was: Northeast, s20.O0l; south
west. $140oo: southeast. $3.50.