The Washington times., 1913-09-13
REVIEW Of t WEEKS
TRADE IN REALTY
Figures Show About Same Ac-
| tivity as Marked Opening
I of the Month.

"A review of the realty situation dur
ing the second week of September dis
closes that the activity in trading has
been about on a par with the opening
days of the month. Throughout the
initial week Of September the brokers
succeeded in maintaining daily av-
erage of twenty-one sales. Although
the transactions for the past week ag-
gregate 124, and exceed the number OF
trades closed IN the previous week by
nineteen, the number falls two short OF
showing an average of twenty-one sales
on each Of the six days OF the week.
There were only five working days
in the first week of the month owing
to the Labor Day holiday, and total OF
los sales made daily average OF
twenty-one. As the brokers worked ali
six days this week. to sustain that
average, they should have completed
1s transactions. The record shows
two sales shy. the weeks total OF trades
having been 124, In which were involved
liz lots and parcels Of real estate
Decided Improvement is shown In the
loan market this week. Loans exceeded
the $4,000 mark, and nearly doubled
the figures for the initial week Of
September.
Realty Trading.
Realty trading was much better IN
the early portion of this week than IN
the latter days. Tuesday proved the
banner day OF the week. having to IT'S
credit a total of thirty-one fransac-
tions. Mondays business was almost
as good, showing an aggregate OF twen-
ty-six sales. Thursday ranked third
with twenty-one sales, while Wednes-
dav saw twenty trades effected. Fridays
business was the poorest Of the week.
being only twelve sales. and this on a
day ordinarily one Of the best in the
weak. There were fourteen sales closed
on saturdays half-holiday.
Suburban property remained In the
van of the weeks selling, having an az
gregate of sixty-three parcels conveyed;
The near-urban district was In second
place with fifty-seven lots changing
owners. There was a decided slump in
northwest property selling, that sec1lon
Showing only twenty-four lots. the
southeast and northeast ran close
race, the former winning by one lot
twelve having been sold there to eleven
in the northeast. The brokers sold
five lots in the southwest.
The slump in northwest property is
especially noticeable. In the first week
Of the month there were sixty lots con-
veyed in this section, and 1t stood IN
second place in the weeks selling. Dur
ing the past six days only twenty-four
lots changed owners in the northwest
In this connection 1t Is remarkapie
that similar falling off In trading
within this area was noticed In this
column when reviewing realty opera |
tions of the second week of September,
1872 No explanation Of the similarity
of conditions at this period of the two
years in forthcoming. but the coincl-
dence Is remarkable. 4
Only two business properties figured in
the weeks record of sales. Z. Clifton
Thomas purchased of the heirs of John |
Cook the property at sos Eleventh street |
the Perpetual Building Association, OF
which Mr.. Cook was secretary. The con-
sideration is not made public.
Abe Blumenthal took title to premises
623 and 625 II street northwest This |
property was recently purchased by |
Charles A Hammer, who transferred II |
to Mr.. Blumenthal.
Apartments Change Owners.
Two apartments within the old city |
limits also changed owners this week.
The Lester, at 2132 and 2134 street
northwest, became the property Of John
G. Slater by purchase from the Mutual
Loan and Investment Company. Alfred
Shaw bought the Mellwood, at 1851 U
street northwest, from Elizabeth S. Dam
enhower. The considerations are not
stated
The largest financial transaction Of
the week was the loan of 100000 OBJ
tained by William H. Walker and Oliver
H. p. Johnson to finance the erection
of the new Navy Department Annex to
be built on New York avenue, between
and Eighteenth streets.
Messrs. Walker and Johnson have COM
bined the several parcels purchased by
them into one lot fronting 144 feet on
age depth of 50 feet to Z street, on
which thoroughfare il also fronts 134
feet The loan is for five years. and
bears interest at per cent Wilton J.
Lambert and Christopher H. Pope trus-
lees are to hold title to the property until
the trust is paid.
The exact figures in the loan market
this week were s516,205.02. This sum
was borrowed on the security Of 144 lots
at an average interest rate of 81 per
cent
Straight loans had the bulk of the
weeks business, showing an aggregate cf
s314607.41. The sum. of all the no.es
kIG01s7.6 The building associations
advanced to members s101, 400.
Northwest property was easily the
choice as loan security having a total
Of s296,335 advanced on its security.
Land in the county was encumbered to
the extent Of s156,553.02. The record
of loans in the other city sections was:
Northeast, S3l. Us: southwest, $1S,900,
and southeast, sI6,192.
emIev Residence