The Washington times., 1913-07-12
TRADING IS ACTIVE
IN REALTY MARKET
Receivers From Depression of
the First Week in July and
Makes Good Showing.
SALES AVERAGE 80 DAILY
Total of 157 Transactions Made
in Which PAP Parcels ,Figur-
ed-loanS Show Decrease.

Realty trading recovered readily from
the depression of the first week of July
caused in large measure by the Inde-
penjence Day holidays. Beginning last
Monday the brokers succeeded in main
tanning during the first five days of
this week a daily average of thirty
sales, and If it had not been for the
scarcity of trades closed on the Sat-
urday half-holiday, the total of trans
actions would have compared favorably
with some of the best weeks of the
year.
The uniformity displayed in the weeks
activity is remarkable. Thursday was
the best day of the week. having thirty
two sales to its credit. Monday ranked
second. with thirty-one sales effected.
On Tuesday and Wednesday thirty
deals each were closed, while on Friday
twenty-eight trades were consummated.
Included in the Isl transactions Ell
fected this week were 242 lots and par
district dislodged the suburban sections
from the lead of the market, showing
an aggregate of eighty-nine lots trans
ferred. The outlying suburbs were in
second place with fifty-two parcels con-
veyed. The northwest led the city sec
tions, with forty-four lots changing
owners. Trading in the northeast and
southeast was on par, each section
having twenty-six lots to its credit.
There were five lots sold in the south
west.
Apartment Houses Sold. W
John L. Warren yesterday sold the
apartment house recently erected by
him at No. 1+40 Rhode Island ave-
nue. northwest to John w. Morris.
Mr.. Warren took several properties
from Mr.. Morris in the trade. Included
In these were premises 1888 and 1897
Eleventh street northwest, 1888 and lao
Duncan street northeast, five lots in
Mt. Pleasant and five in Columbia
Heights.
Aother large apartment sold this week
was the Seville, at Eighteenth street
and Wyoming avenue. The new owners
are Harriet c. Coates and W. W1lher-
force Thomas. As part consideration
the Seville Apartment House Company
took title to premises 17l9 Fourteenth
street northwest
Among the sales of downtown busi-
ness property effected during the week
was Sll Eleventh street northwest,
bought by Michael ]. Keane, and l1oS
and 1lle H street northwest purchased
by Harry G. Laycock. Upper Four
teenth street was represented with
sale amounting TO $500. This price
was paid by Harry wardman and
Thomas p. Bones for premises i6l0
Fourteenth street.
Poindexter Buys Lots.
The old home of Samuel Norment.
former president of the Central Ma
tionaI Bank, at s2s- NJ street northwest,
and which was later occupied by the
Columbia Turnverein. has been bought
b. Ernst Gerstenberg. The price paid
was si6, 49, William H. Walker and
Oliver H. 2. Johnson secured another
lot on New York avenue between Sew
enteenth and Eighteenth streets, which
is to ODE added 10 othe site for the new
Navy Department building. which they
will erect and lease to the United
States.
Frank Walter yesterday acquired
from Harry Wardman three OF the
properties ON the Avenue Of the Pres
idents, which figured in the trade by
which the trustees of the Alonzo o.
Bliss properties became the owners of
the Falkstone apartments at Four
teenth and Paramount streets tor
500 900.
The amount paid TO Mr.. Walter TO Nj.
Wardman for the three houses is not
disclosed. The premises procured by
Mr Walter are numbered III, lSoU anu
l32.
Senator Miles Poindexter of Wash
ington bought two lots this week at
potomac t1elSnlS, dDONS DtoI SelONI,
overlooking the Potomac and the Vir-
ginia hills. The property probably was
procured as an investment
Loan Figures Fall Off.
The loan market this week did not
share in the revival of business seen IN
the sales department The exact figures
for the week We're $i1l,0a7.23, a little
more than $4,000 below the total OF
loans for the initial week Of July. This
sum was borrowed on the security OF
253 lots at an average interest rate of
81 per cent.
Straight loans continued to lead the
market, displaying an aggregate OF
t22, $3.50 The sum of ali the notes
given for deferred purchase money was
S97, 1924. The output of the building
associations was 5000.
The county section furnished the
highest total of loans this week. Land
beyond the city limits was encumbered
to the extent of SlSi, ,O65.05. Property in
the northwest was offered as security
for loans tetaling sl5s.99s. The record of
loans in the otner city sections was:
Southeast. $i3,91SlS; northeast, S2l,5oO,
and southwest, s., sos.