The Washington times., 1914-05-23
SLIGHT FALLING OFF
IN REALTY TRADING
Demand for Suburban Property
Features With 70 Per Cent
of Weeks Sales.

Realty trading in the third week OF
May was regarded by the brokers as
satisfactory. While the volume OF bus
ress was practically on a par with the
ccord activity of last week. the num-
Usr of transactions shaded off slightly.
Some disappointment was experienced
Eecause OF the failure TO realize an an
ticipated increase, such as mas marked
he corresponding port on OF the month
Ia former years.
The brokers were not discouraged u
the slight set back and continued 10
CNpress the conviction that the record
Tor the month of May. 1914, will Gc
found to compare ta|orably with Tor
neT similar periods. The month has
always been an active season for clos
ing realty operations.
Eight sales less than in the second
week of May were reported by the
brokers in the last six days. y total
OF IA sales was completed. showing a
daily average of a transactions. In
volved in the weeks activity were 2l3
lots and parcels OF real estate as COM
Jared with pa conveyed in the pre-
ceding six Gays.
Suburban Demand.
The demand for suburban property
was the feature LG the weeks business.
The outlying suburbs and the near
urban district together totaled nearly
&C per cent of the weeks trading. The
suburbs were in the lead, ha-!nS been
the scene of the transfer OF a. parcels.
In the near-urban district IS lots
changed owners. OF the city proper sec
tions the northwest was in the van
With 81 lots sold. There we're Is lots
transferred in the northeast; l. in the
h net 4
Tuesday was the busiest day OF the
week, though il won prominence by a
margin of only one sale. On that day
were recorded thirtytwo transactions
while thirty-one sales were effected
on Wednesday. The trading of three
days Of the week was tied. On Mon
LAY. Thursday and Friday the brokers
"losed twenty-one sales each, while
Saturdays trading reached a total of
Eighteen sales.
The financing of the new building to
oe erected for the Department of
agriculture was the largest transac-
ton OF the week. Sidney Bleber has
purchased the property comprising
l2b2 Il to 1850 B street southwest and
last Monday secured loans aggre-
eating 100000 with which to COM
plete the new building. The total ad-
Eance is made up of two loans.
Through the Union Trust Company.
Mr.. Bieber secured the loan of $40, ,O0o
from the Fidelity Trust Company, of
Philadelphia. This sum is repayable
N eighteen months and bears interest
AZ 3 \ per cent. The balance of S60,-
600 was advanced by Rose B. Parks.
and has the same time to run but
placing the loans on the property, Mr.
Bieher transferred his interests to the
columbia Properties Company, a cor
porat!on.
Loan Market Decline.
Two properties in the upper and low
er business sections figured in what ap-
peared to be a trade this week George
5. Rees conveyed premises 9O6 Four
teenth street northwest to Terence Fe-
gan. Mr.. Fegan transferred to Mr. Rees
the property at 615 F street northwest
The values placed on the properties in
the deal were not announced.
Among the apartments comprised in
the selling of the week was the Quincy
at 1872 Corcoran street northwest For
a consideration of $4,000 George W.
apsrtments to Wfllett E. Dentinger
The loan market, like the sales, show
cd slight decline this week from the
activity OF the second week of Nav.
ne exact figures for the past six DAYS
were ss4S.124.16 This sum was borrowed
80 N--- ANs VI 81 lOlS. at an average
interest rate Of 81 per cent.
County property was most favored as
a basis for loan security. being pledged
10 the extent of $3.50 224.l6 The Bieber
loan brought the southwest into second
place, with total Of S203 6oO Land in
me northwest was incumbered for an
aggregate of Sl1S, 900 Loans in the
northeast reached SIS. 100. and there was
borrowed S20l00 on property in the
Southeast.
straight loans had the lions share OF
I ne business of the week. totalinS s50s.-
i4-oo. The building associations ad-
Nanced to members SS5.4 $50 The sum OF
all the notes given for deferred n,1r-
chase money was S55. .l3011