The Washington times., 1914-12-12
REALTY MEN LOOK
FOR BIGGER TRADING
Second Week of December Was
Smallest of Year, Only SO
Sales Being Closed.

Realty trading in the second week Of
December made the poorest showing
for 1914. This condition is due largely
70 the phenomenal record of the pre-
ceding week and 10 the rush to evadc
the revenue tax, which causd the clos
ing Of many sales that would ordinar-
Iy have been postponed until this
eek The brokers succeeded in clos
nG only eighty-nine transactions in
y1o past six days.
Negotiations FOR the purchase Of a
half interest in the Southern Building
al Fifteenth and II streets. at a con-
=ideration Of $4,000 for the interest.
arc reported TO have been concluded
this week As the deeds have not
passed, that sale is not incluSed in the
week operations, as viewed in this
column.
An increase in business is looked for
UeXt week, although the declining days
Of the year are not expected to add
greatly to the volume of trading Mon
day was the poorest day in the week
hut q steady increase was noticeable in
the latter portion of the week Trad
Ing reached its climax on THURSDAY
when tWenty-one deals We're effected
friday ranked second. with nineteen
sales reported. followed by Wednesday
Twelve sales were recorded on Tuesday
and Ike number on the half-holiday
OF Saturday
Suburbs Lead Market.
Involved in the weeks trading were
l56 lots and parcels of real estate. The
outlying suburbs were in first place,
with forty-nine parcels transferred. fol-
lowed closely by the northwest with
forty-two lots conveyed. The near
Urban district ranked third having
twenty-nine lots to its credit. There
were fourteen lots sold in the northeast
twelve in the southwest, and ten in the
southeast
The most valuable property trans
ferred this week was conveyed by Mrs
Anna L. Morton to her husband, Levi
p Morton, former Vice President Of the
United States and one tine governor of
New York. For a consideration Of
$500. Mrs. Morton transferred eight
lots on the east side of Sixteenth street
northwest. between L and NJ streets,
directly opposite the recent purchase by
the National Geographic Society.
The largest financial transaction of
the week was loan of s125. 600 made by
the American Security and Trust Com
nany 10 the Union Building Company.
The property pledged was the Union
building, on the north side of q street,
between Sixth and Seventh streets, oc-
curled by the Government The loan
Is repayable in two, three, and four
years, and bears interest OF ~ per
cent.
Among the apartment houses figuring
In the weeks tranfers was the Pen.
dennis at Eighteenth and California
streets northwest. Jacob c. Witt con-
yeyed the property to Washington r
Berry. Thirteen lots in Trinidad were
traded as part consideration for the pur.
chase.
Loan Market Showing.
The Philip brothers separated theil
joint holdings OF real estate yesterday
Herman H. Philip sold TO his brother
John Van Ness Philip, a half interest
IN a tract of unimproved property oc.
cupyiEg a half square at Thirty fourth
and Reservoir streets, in GEORGETOWN
John Van Ness Philip conveyed 10 Her,
man II. Philip. one-third interest il
houses 40 and 742 Eighth street north.
west. and a half interest in premises
80 B street northwest on wholesale
row.
The loan market made a better show.
ing than did the sales department thi!
week. The exact figures involved in tbs
weeks loans were s329. So. This sun
was borrowed on the security OF 145 lot.
at an average interest rate Of 5.6 pei
Straight loans had the bulk Of III,
business totaling s269.957. The building
associations advanced TO member
$500 The sum OF all the notes giveI
for deferred purchase money wa.
E3,I25.
The Union building loan put tn,
northwest section in the lead with al
aggregate of $50. IS. County property
was pledged for total Of sl3S,222 Tn,
record of loans in the other city sec
lions was. Mort beast So 300. Southe a -
no,75, and southwest. S9.1c0.