The Washington times., 1913-11-22
MARKET
CONTINUES STEADY
Q 1ird Week of November Is on
Par With Previous Periods
of the Month.

november trading continues to max,
satisfactory showing. The activity o.
h third week of the month was abou
pr par with the business of the previ
pus week. The number Of transactions
elcsed was just short Of the record fol
1he preceding six days. The volume OF
"a ding showed a slight falling OFF from
the figures Of the second week of the
month.
A decided advance is noticed In the
Can market over the record of the two
preceding weeks Of November. The fig
ures for the past six days are more
(Which were slightly in excess OF the
bCstness Of the first week Of the month.
The months high mark Cor a days
sel ling was not equaled this week, but
closing thirty-four sales. This number
four short of the days record for
The fall season. Wednesday and FRI
ys business was on a par, twenty
eight trades being effected each day
There Were twenty-four deals completed
on Monday and eighteen On Saturdays
hslf-holiday. The smallest number of
ss les OF the week were recorded on
thursday. This extremely warm day
seems to have affected the activity OF
the brokers, who completed only thir-
teen sales on that day.
Many Lots Sold.
Included in the 145 transactions effect
pc this week were $50 lots and parcels
Sof real estate. The outlying suburbs
were not so active this week While
ea ding the market with seventy-nine
pa reels sold, this section did not have
very large margin over the near-urban
fus trict, where seventy-five lots changed
owners. In the northwest there were
lNnr
pots were transferred in the northeast
arc nineteen in the southeast. Six lots
were sold in the southwest
ne largest transaction of the week
|lnSt closed involved a consideration of
|sZ4HrI0o. For this sum, J. Barrett Car
ter I. c. Dulin and E. S. DuvaIl, jr.,
|receivers, conveyed the Powhatan Hotel
|pT ToPerty, at Eighteenth and Pennsyl-
|xanla avenue northwest. to Uric C.
|Delke- The property was sold at auc-
|tion and purchased by Alexander Nc
~ ell, who assigned his interest to Mr.
peike. AS far as the receivers were
the sale was for cash.
AS soon as Mr.. Deike secured title to
the property he placed a trust for s250,-
~ on II The money was advanced by
the Fidelity Mutual Life Insurance Com
pany, of Philadelphia, and is repayable
In five years, with interest at per
cert. The loan was made through the
Continental Trust Company. that cor
poration and Attorney Gibbs L.. Baker
being named as trustees to hold title to
the property during the life of the |
trust. |
Next Largest Deal
Probably the next largest deal effect |
ed this week was the sale of premises |
90 Fourteenth street northwest George |
S. Rees sold this property to Melvin F. |
Fisher The consideration is not stated, |
but the purchaser assumed a trust for |
SIS. 900. secured On the property. /
Another business section sale involved |
. purchase price of s27,5O0. At this |
price Moses Goldenberg bought prem |
ises s19 G street northwest at public |
auction. The sum of $4,000 was paid |
by Arnold T. Lewis, for house 40 Sec |
ond street northwest. The property was |
owned by Mrs. Susan P. Dixie.
An advance of more than so per cent
Is shown this week in the loan market,
BIS compared with last week. The exact
] cures for the past six days were s639,-
~. IS. This sum was borrowed on the
security OF 200 lots. at an average in
terest rate of 81 per cent.
Straight loans had a decided call on
he market. The aggregate of loans of
his character was $J04, 7l9. IS. Building
association advances outclassed the
purchase money loans, and showed a
Otal OF $3.50. The sum of all the
lotes given for deferred purchase
loney was s42.305.
The northwest gained the supremacy
mis- week as the most favored section
FOR loan security. Property there was
,fered as security for total of s341 $50.
and in the county was encumbered
0 the extent Of Sis, 9,es4.45. The record
f loans in the other city sections was:
s42.s75; southeast, s2S,s75 and
outhwest, $3.50