The Washington times., 1914-07-11
TRADING IN REALTY
GETS POOR START
Flrss Meek of July Shows Fall
ing OF of Transactions in
All Sections.

ruly realty trading was of to a cad
start. The first full week Of the month
witnessed the closing Of only ln3 trans
actions in which were involved eS2 lots
and parcels Of real estate. Several un-
toward conditions combined to bring
about the poor showing OF the last
week. Not the least Of these vas the
extended Independence Day holiday.
Brokers and investors alike took ad-
vantag. of the weekend holiday, and
protracted # until Tuesday or wednes-
day. The closing OF sares was corre-
spondingly handicapped.
Another difficulty under which the
market lebored this week was the result
Of the extra efforts put forth by the
brokers last week to close up all possi-
ble sales before the end of the fiscal
year. As q consequence of this activity
many sales were brought to a focus
then which would ordinarily have shown
in the record of this week.
Brokers Not Discouraged.
The inactivity of this week is not dis
courasing to the brokers, who recall
that trading last July began slowly.
They look forward to increased demand
and gratifying results as the month
advances In this hope they are
bucyed UP by the record for July. 1913,
when the months showing. from a bad
start. stood in striking comparison with
the great activity of June Of the same
wear. The brokers express confidence
in their ability to repeat that record
this month. The heated term will Lot
be allowed, il is stated, to interfere
with renewed effort for great showing
for July, 1914.
The zone Of activity wiGensi this
week, and the outlying suburbs claimed
more than half the volume Of trade,
nearly doubling the showing made by
their nearest competitor the nesr-uroan
district. In the outlying suburbs lSZ
parcels Of real estate changed owners;
while sixty-seven lots were conveyed
IN the nesr-urbsn district. The north
west was In third place with twenty-one
lots transferred. There were sixteen
lots sold In the southwest, twelve in the
northeast, and four in the southeast
Weeks Largest Sale.
The largest real estate sale OF the
week involved a consideration Of $780,
ooo. when Clarence F. Norment sold to
Deloert H. Decker the six-story and
basement apartment at 1910 Biltmore
street northwest. The apartment, which
looks out on the Connecticut avenue
bridge, contains twenty-three apart
ments, and a number of garages in the
rear. bringing an annual rental of about
$1,000 II has a roof garden and is one
of the most up-to-date apartments in
the city. AS part payment OF the pur-
chase price, Mr.. Sorment took over
from Mr.. Decker premises 1872 Sixteenth
street northwest, and lot %, in block 1s
of woodley Park The record does not
disclose the price placed on these two
Properties. Nj. Norment later sold the
woodley Park lot to Abe BlumenthaL
Attorney Jackson H. Ralston. chief
counsel for Commissioner Newman in
the custer proceedings, sold during the
week premises 1870 P street northwest
to James T. MCGEE The consideration
in the deed was nominal Mr.. Ralston
and his wife took title to lot in Pleas
ant Plains from Mr McGee in connec-
ton with the sale Of the P street house.
Crane Company's Purchase.
The only transaction of note in the
business section involved premises Sl3
Thirteenth street northwest. The Crane
Company purchased this property from
Samuel II. Marks. The price is not
made public.
Barnard H. Warner acquired last
Tuesday ninety lots in the subdivision
OF Reno, near Tenleytown. The seller
was Andrew N. Curry. This was the
largest suburban sale of the week Only
g nominal confederation was stated.
The loan market renected the mac
tivity in the weeks trading and exhib-
ited q striking decline from the figures
Of the preceding week. The exact fig
ures in the weeks loans were S30i, 54S.16.
This sum was borrowed on the security
Of 31s lots at an average interest rate
Of 81 per cent
Straight loans had the lions share or
the weeks business. showing an asgre-
gate OF Sl5s, 1924. The sum OF all the
notes given for deferred purchase money
was $50, 790e2 Building associations ad-
vanced TO members S7s,I25.
County property was most favored
as loan security. and was pledged for
a total of Sl6l. .0s3.7s. Land in the north
west was encumbered 10 the extent Of
Hol 800. the record of loans in the
other city sections was: Northeast
s3, go; southeast Sl4.550. and southwest,
=, 900.