The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-07-04
SHARP DECLINE SEEN
IN REALTY TRADING
Zone Of Activity in Near-Urban
District-Building Lots Are
Weeks Feature.

| The realty activity of the first three
weeks Of June proved too rapid for the
brokers to maintain during the past
six days under the handicap of hot
| weather. As consequence the record
for the fourth week of the month shows
a sharp decline in realty selling.
Both in the number of transactions
effected and in the volume Of trading
in the falhng-off evidenced this week.
The brokers succeeded in closing only
100 deals in which were involved only
$50 lots and parcels of real estate.
The best days selling was experienced
on Wednesday when the brokers COM
pieted thirty transactions Tuesday
ranked second with twenty-six deals
consur1mated followed closely by Mon
days record of twenty-four sales. There
were twenty-five deals effected on FRI
day, nineteen on Thursday. and nine
on the half-hoIiday of Saturday
The zone Of activity this week moved
nearer to the city limits. and the palm
for supremacy In the weeks trading
was awarded to the near-urban district.
Within this area was conveyed fifty-two
lots. The outlying suburbs. ordinarily
found In the lead of the market, appear
In second place with forty-four parcels
changing owners. The northwest was
l.
There were twenty-eight lots sold In the
northeast. eleven in the southeast and
five In the southwest.
Building Lots Feature.
Sales Of large magnitude were entirely
absent from the weeks trading The
newer business section was devoid of
downtown property were contaminated
Sr10a Lar
for future building operations appear to
have constituted the principal features
of the weeks market
The property at 235 G street northwest
and an adjoining parcel at III Third
street northwest. Were among the ousi-
ness section deals Of the week. For a
consideration of $500 the trustees of
the Reisinger estate conveyed these two
properties to Mary Reisinser, Charlotte
B. Reisinger. and Anne Reisinger.
Another transfer within the down.
500 Thirteenth street northwest Julia
A. Anderson transferred the property to
Elizabeth May Camniack. The consider
alton given in the deed is nominal.
Upper Seventh street was represented
in one sale of the week William o.
Snyder bought of David Goldsmith the
property at 1923 Seventh street north
west. The consideration Is no: made
public.
An interesting transfer of the week
was a conveyance by william Earl
Ambrose, receiver of the First Co
operative Building Association OF all
tIs interest in any real estate CSnec nv
him in the District II Columbia. The
grantee named In the deed is Ephraim
X. Wilson. A nominal consideration is
given.
Largest Transaction.
week was made by the National Geo
graphic Society which borrowed $50. 600
on the security Of its newly purchased
property on the Avenue of the Presi-
dents. The consideration paid to the
Scottish Rite Masons last week for the
property was s94 COO. The loan was ad
vanced by the Washington Loan &c
Trust Co. and is repayable in one year
with interest at five per cent. The
society transferred the new purchase
to the Union Trust Co. as trustee,
pending the payment Of the loan.
The inactivity in trading spread also
to the loan market whara the 100000
gain OF last week was lost and the
figures revert to about those of the
second week OF June. The exact fig
ures for the past six days were Si32,-
WaOS This sum was borrowed on tho
security of IA lots at an average ip-
terest rate Of Sc per cent
Straight loans had the lions share
of the weeks business showing an az
,regiIta of 1914 5sc. g. TIE building as
sociatious advanced to members SIS.
200 The sum of all the notes given for
deferred purchase money was Sl9, SO
Northwest property found most favC<
as basis for loan security beeing
r,iedred for a total OF $40 GS0I9. Coun-
IL ,,-op .rty was cnCumbered to the eX-
tent OF Sis. 1889. The record of loans
in thm other city sections was: North
east. a2.945: southeast, Sn, 100, and
southwest Sll9O.