The Washington times., 1913-11-08
TOTAL Of 1888 SALES
/ ON REALTY MARKET
Weeks Business Below Record.
, Operators Are Disappointed.
3 Tuesday Best Day.

Realty operations in the opening days
OF November did rot come up TO the
expectations OF the brokers. The realty
market of the last week has been
poted for its fluctuations On one day
the activities of the dealers reached
the high mark attained for a days OPP
erations in October. The following day
witnessed a low ebb in realty trading
for this season of the year.
A reaction set in about Thursday and
the lest half of the week showed an
improvement This gain, it is expected.
VIII increase next week, when the
brokers look for a decided advance in
sales.
1t is doubtful # election day had any-
thing TO do with the realty operations
OF the week. BY a co;nc dence, how
ever, the largest DAYS business OF the
Ecek was recorded on Tuesday ant!
the low mark in. sales reached the
day, after The elections.
Last Tuesdays record of thirty-six
transactions effected was equaled only
twice during october. Monday was the
next busiest day of the week, having
twenty-eight sales to its credit The
operations of Thursday, Friday and
saturday were on a PAR, the brokers
reporting twcnty-one sales closed on
each of the three days. Wednesday
showed the poorest business of the
week, there being only eleven trades
completed, on that day.
Weeks Total 1873.
The weeks total of sales effected
reached -13s, whic shows a decline Of
niteen sales from the activity of the
closing week OF OCTOBER Involved in
81. %l- vf, do ore
~ lots and parcels of real estate.
The outlying suburbs. which have
predominated the market in the mat
ter of sales for several weeks. fell to
shlrd position this week, being passed
in the race for supremacy by the near
urban district and the northwestern
city section. There were eighty-one
lots sold in the near-urban district
sifty-two in the northwest, and sixty
east ranked. fourth. with twenty-one
lots conveyed. There were twelve lots
Transferred in the southeast and three
in the southwest 8
The largest sale of business property
effected this week involved premises
.8 and $50 Eleventh street northwest
fhis property, recently sold by the
Munsey Trust Company. as trustee. un-
Ger an order. of the Supreme Court of
the District fof Columbia, to Fenwick
D. T. Stewart and others. was con-
Neyed by the latter on Monday to
Iiewellyn F., Davis. The purchase
price is stated at S35, 900.
Another transfer within the business
area was premises 800 Ninth street
northwest. purchased by Howard BeaIl
and Richard j. Beall The price men,
TONED I'm the deed is nominal.
kn interesting sale of residence prop
erty was effected yesterday when Cor
Of a
American Security and Trust Com
pany. bought premises 1725 1 street
northwest. The property belonged to
Henry Gassoway Davis, of West Vir-
ginia, one time Democratic candidate
for Vice President of the United
States. The house fronts about thirty
feet on / street, and is valued at about
So. 900.
The Episcopal Eye, Ear and Throat
Hospital named as beneficiary under
the will Of DR.. Edward Palmer. for
mer dnthropolosist of the Department
of Agriculture. took title during the
week to three houses formerly owned
by the scientist. The will had directed
the executors TO sell the property and
turn over the proceeds TO the hospital.
The management of the institution pre-
ferred' to take over the investments in
preference to the cash. The properties
included S13 Third street southeast and
1872 and 1914 Eleventh street southeast.
The Belgrade Sold.
Among the apartments transferred
during the week was the Belgrade, at
Eighteenth street and Florida avenue
northwest. James y. Huston, of New
York. bought the property from orren
q. Staples. The consideration was not
stated, but Mr.. Staples took notes ag-
sregating $4,000. for the deferred pay
ments of the purchase money.
A new lease of the Hotel Richmond.
at seventeenth and II streets northwest
vas effected this week. Edward III.
Everett, of Newark, n. J.. owner of
the property has leased the hotel to
Joseph W Jordan, of Newport. r. l.
The lease is for five years from Deccm-
Der ]. 19i3 and calls for an annual rem
tai of s. 500 for the first three years,
two years.
The loan market continued to show
Improvement this week. The exact
figures for the past six days were
ssts, 5000 This sum was borrowed on
the security. of 155 lots at an average
interest rate of. Sc per cent.
Straight loans led the market with an
OF s2i5,ess.z7. The sum of all
riie notes given for deferred purchase
money was s110.554.o3. The building as
socia tions advanced TO members s77.550
County property was favored this
v eek as basis for loan security. A
total of Sl6S.11r50 was borrowed on
property outside the city limits. Land
In the northwest was encumbered to
tbe extent of -s1Js,S0.S0 The record
o. loans in the other city sections was:
Northeast. s5i.eJ0: southeast. SIS. $50, and
southwest, $500.