The Washington times., 1914-02-07
!. RADING INCREASES
AS FEBRUARY OPENS
cek'S Transactions Almost
Equal Those for the Entire
Month of January.

Realty trading for February opened
. .ouraginEly. The week witnessed the
1 1sfer of 5O7 lots and parcels of real
= ate, being about two-thirds of the
Al volume of trading for January.
: IS this week were Is per cent in ad-
s. zee of the last week of January, the
'kers succeeding in closing a daily
r craze of three more sales than during
DreCe ding six days. There were is
S5CIiOns I'm the week.
large sale of property in the sub
D is!on of Marshall, lying. in the north
r stern section of the District. was re-
s unsible for the immense lead of the
10 flying suburbs This section was the
E 0ne of the transfer of so lots. The
.ir-urban district was second with
0 -ty-two transactions. Thirty-ssven lots
r. the northwest changed hands. Thirty
o lots were sold in the northeast,
venty-one I'm the southeast. and four
the southwest.
The largest sale of the week involved
le property at 1881 and 1883 z street
oTtEwest, adjoining the Munsey build
z, Frank A. MunSey conveyed this
-operty to the Munsey Trust Company,
'hfch owns the Munsey building. The
roperty was valued some time ago in
curt proceedings at S103,652.
The arlington Hotel property at Yer
0ont avenue and H street northwest,
as offered at auction and knocked
own to Richmond financieTs at $S47, 200.
Ns the deed has not passed the pur-
hasers, this sale does not figure in the
/ sek's activity, however.
Other Business Sales.
Another business section sale closed
is week was that Of the premises at
II Z street northwest. Edmund Z.
riggs and William Henry Dennis, as
16tees, under court proceedings. sold
Iis property to William F. Ham and
ohm L. Newbold. The consideration
as SlS000
James Burrell bought the property at
81 G street northwest from Elsie T.
,oehmer. The price was not stated.
Philip B. Hoge invested $10.250 in the
urchaSe at foreclosure sale of 299 lots
the subdivision of Marshall. The
ustees making the sale were Benjamin
Leighton and Richard A. Ford.
The compromise of the controversy
yer the Estate of Annie A. Cole was
sade effective by the filing of deeds.
he two brothers. who were contesting
er viii. reached an agreement with
|ishop Harding, TO whom d large por-
icn of the estate had been devised for
sllgious purposes. Horatio g. King and
ienry F. King executed a deed bv
a hich they surrendered all rights and
aims on the estate. in which were in
iuded premises I724 and 1870 Massachu-
-5 it's avenue, in the fashionable resi-
ence section, to the convention of the
'rotestant Episcopal Church OF the dio-
eSe of Washington. In turn the
Iurch authorities transferred to each of
Ie brothers one-tifth interest in the
roperty.
Slump In Loan Mart.
A decided slump is noticeable in the
osn market. The figures for the week
iroPped more than $4,000 below the
'ecord of the closing days Of January.
me interest rate, however, remained
he same.
The exact figures in the money mar
Het for the past six days were SS07. IS6 81.
his sum was borrowed on the security
v lS6 lots at an average interest ate
Il SO per cent.
Straight loans, while leading the mar
ct, did not have the distinct call Of
he preceding week. Loans Of this char
cter totaled Sl45. 131.9S. Building asso-
.auCn advances were in second place.
ith an aggregate of SS6,O0O. The sum
I all the notes given for deferred pur-
haSe money was S7S,O54.53.
County property also dominated the
oan market, being offered as security
or nearly half the money borrowed.
he total or loans outside the old CITY
mits was Sl52-9S2.53. Land in the north
4 est was elIcumbered to the extent of
S. SO The record of loans in the
iber city sections was: Northeast,
.9rAl6.a2, southeast, Sl7,957.46, and south
A est. S1.0co.