The Washington times., 1914-01-03
DECLINE IN REALTY
SHOWN FOR 1878
In 1912 S62,OOo,oOO Was In
vested, While Last Year
Showed Only s5o,oOo,OOO.

SlIUWSu OtII1 3SO'OOO5OOO'
Investments in and loans on local real
estate in 1913 aggregated $5o.0OO,o0o. The
brokers succeeded in closing 7,4@l sales
in which were involved 15,735 lots and
parcels of real estate during the twelve
months just closed
comparison with the activity Of
l9l. shows a decided decline not only in
the number of transactions this year,
nut in the volume Of trading and in in
vestments. The record for 1912 dis
S,o77 transactions. involving 16469 pieces
of realty.
The decline is also shown in the
records OF the office of Recorder OF
Deeds. The number of papers filed in
1912 was 23,226, as compared with &, 30
recorded in 1912. The total of recordR-
ton by months was: January, l,SSS;
February, 1,70S; March. 1856: April. 2,lIO;
May, 2.S7S; June, 2,24S; July, 1901; Aug
ust, 1880: September, 1,S55: October. 2,O6S;
November, 1,633, and DeCe'"t"r, l.S26.
Munsey Building Sold.
The chief transaction Of the year 1913
was the sale of the Munsey building,
which was conveyed by Frank Munsey
TO the Munsey Trust Company at a con-
sideration Of S1,OOOOoO. Next in order of
consideration was the FolkstOne apart
ments at Fourteenth and FairmOunt
streets. which Harry Wardmau sold 10
Alonzo o. Bliss for $4,000. \ tr.fie less
Alan $4,000 was paid by Henrietta VI.
Halliday for the Kenois building, at
Eleventh and streets northwest
Two foreign governments invested in
homes for their representatives here III
1918. The property at ll25 Avenue OF
ha TVar NH hFrh ATvg T1hn IInN
Hammond purchased Of Mrs George NJ.
Pullman early in the year, was acquired
by the Imperial Government of Russia
for SS50,O00. This Is said to be one of
dence in the District The HUI prop
erty at 1900 New Hampshire avenue
northwest. was bought by the govern
ment Of the Argentine Republic for
$4,000.
The second largest sale of business
property last year was that of the Fed
eral National Bank at Fourteenth and
- streets northwest. The bank officials
paid S25O,0OO for the home of the new
financial institution. A syndicate Of
Richmond fnanciers purchased the
liotel POwhatan at Eighteenth street
and Pennsylvania avenue northwest, fOr
S34S.lO0.
Bought Carlisle Apartments.
Frank Walter paid $4,000 for the Car
Isle apartments at Fourteenth street
snd Columbia road. James Williams
md W. 8. F Stewart invested S25OOOO
in the purchase of three apartments in
L street northwest, between Fourteenth
ana Fifteenth streets.
Next in order was the salr Of the
Bradford building al SIIUwv 10 George
=. R"es. Harry Wardman and Thomas
Bones bought the Belmont property at
Fourteenth and Clifton streets, for
Sl3j.OJ0.
Ia the business section. premises 1916
+ street northwest, was sold to J.
Henry Wurdeman for $50 600. and Con-
gressman T. II. Gillett of Massachusetts
paid $4,000 for the property at l403 II
street northwest The Rich building at
1901 j. street northwest, was bought by
Augustus p. Gardner for 10000. \ like
sum was invested by Joseph B. Bowling
in the acquisition of premises HIP to
'lilS ] street northwest Lem Towers,
jT.. paid $4,000 for premises 130l Penn
sylvania avenue northwest.
The Beacon apartments at Calvert
street and Adams Mill road, brought
Sll4.0n. They were purchased by Alex
ander SChapeT. G. II. Wine invested
SlOO,6oO in the purchase Of the FUlford
apartments at 25lS Seventeenth street
northwest. The Mansfield apartments
At 1870 NJ street northwest. became the
property of J. II. Mcdowell, for SIS, 900
Henry II. HaZen bought the Columbia
iIotel. at l4l5 Pennsylvania avenue, for
The total investment for December
'"i3. was $3.265 90. Involved in the
months trading were 1.243 lots and par
reIs Of real estate. The brokers closed
So deals during the last month Of the
ear.
Slight Improvement Shown.
The closing week Of 1913 shovel a
slight improvement over christmas
week, although 1t had practically only
four working days a total OF IOl
Transactions were concluded. involving
S'4 lots and parcels Of real state.
The bulk of the trading during the
suburbs, where 23 parcels changed
owners The northwest ranked second
with ffty-one lots transferred, followed
10y the near-urban district with twenty
~rv"n lots conveyed. The northeast and
southeast ran a dead heat. each having
eleven lots sold. There was one lot
transferred in the southwest.
falling OF was noticeable in the
loan market in tho last days Of The
.,ar The exact figures for the last
rJwed on the security OF ll5 lots at an
tverage interest rate of 5l2 per cent.
straight loans had a distinct call on
,h- market. showing an aggregate of
s'si, ,5g165- The sum Of all the notes
given for deferred purchase money vas
ssl.&laOl. The output of the building as
sociations was $50. 100
Northwest property was most favored
IS a basis of loan security last week,
icing encountered to the extent Of SlS3,-
Nl355. County property was pledged for
- total Of $8l.249 The record Of loans
IN the other city sections was: South
"ast $ls.5lSlI' northeast, $I3,4JO. and
southwest. 5000.
pooI Ee&aTo PnoLoro