The Washington times., 1914-08-15
8 BIG SALES BOOST
D. {. REALTY MARKET
Business Property in 18th St,
Apartment in 10th St. and
Southwest Square Sold.

The sale Of a business building for
$4,000. the transfer of an entire square
in Southwest Washington, and the con-
veyance Of an apartment for about $780,
0oO, were the features of the real es-
tate market for the second week of
August.
These three transactions saved the
weeks business from being classed as
mediocre. AS 1t is, the brokers sue
cesded in closing only ia sales in the
last six days, showing a decline of four
sales a day from the result of the
operations Of the initial week of the
month.
The lack of spirit, expected at this
season, was increased this week by
the practical suspension of business on
Monday and Tuesday afternoons. while
Washington paid its respect to the
deceased wife of President Wilson.
est Of the week, only ten trades being
effected. Tuesday saw only ninteen
sales made.
Friday Busiest Day.
Friday was the busiest day this week.
showing a return to the old form of
that day. which in the preceding two
weeks has been showing the poorest
business. Yesterday witnessed the clos
ing Of twenty-eight transactions. There
were twenty-four deals completed on
Thursday, twenty-five on Wednesday
and eleven today.
The outlying suburbs are again found
in the van of the market this week with
a total of 101 parcels of realty changing
owners there out OF the aggregate OF
22s lots which comprised the volume of
the weeks trading. The northwest was
in second place with forty-eight lots
conveyed. Near at hand was the near
han district with fOTtY-fOuT lots TO
its credit. There we're sixteen lots sold
in the southeast, fourteen in the north
asst and five In the southwest.
The principal sale Of the week invov-
ed the property at SIS and Sl7 Fifteenth
street northwest, directly north OF the
Southern building Thomas Bones ana
John H. CLANCY transferred the proPelty i
to the National Savings and Irust
Company as trustee for an undiscloseo
client, The intention of the new pur-
chaser has not been announced. the
price uaid is said 10 have been In the
vicinity of $4,000, the record sno"lns
the conveyance TO be subject TO an en-
cumbrance OF $500. Messrs Bones
and Chaney took the property in a trade
last June from Frank H. Edmonds 4
when the latter purchased the OLD ARMY
and Navy club building at Connecticut
avenue and ] street
Next Important Sale.
The next most important sale OF the
week involved the property at I'LL ana
I71s Twentieth street northwest from
Charles n. Riker. The consideration is
not stated but the transaction Is SUD-
tect to a trust for Sss,5G
The American Ice Company SOLD the
triangular square Of ground lying pc
tween Water street, street ana ienen
street southwest Alphonse GouiomS
was the purchaser but he imneoiatets
transferred his purchase to Edward Z.
Wbjtford. manager of the cold storage
departrlent OF the washington MsIhet
Company The land fronts 14s rect on
Water street. Io4 feet on Tenth street
and 100 feet on G street. comprising an
area of $3.50 square feet The price Is
calvary NJ. E. Church. in Columbia
road, between Fourteenth and Fliteenth
streets. is TO have a new ediflce. ADJ
TionaI ground 10 the east of the present
church building was acquired oy the
trustees this week from Emile Ber-
liner The trustees procured loan o;
SIS eoo from the Washington Loan ana
Trust Company on the church holdlnss-
4 purchase money trust Tor so'Vo was
given to Mr.. Berliner.
John Lewis Smith, commander OF the
Spanish War Veterans, was among the
purchasers OF real estate this week. lie
boupght the property at lbs street
northwest Frank V. Killian appears
both az a buyer and a seller He pur-
chased 1916 Fourteenth street and sold
premises sOI and COS o street northwest
70 Harry ". Payne Charles P. Grand
field sold his house e49 s street to Re
becca VI. Powell.
Loan Market Inactive.
Inactivity also was noticeable in the |
loan market this week. The exact hg-
ures for loans we're ;S53 707.0s. This sum
was borrowed on the security OF 40
lots at an average interest rate of 81 |
per cent.
Straight loans had a practical mo-
nopoiy Of the weeks business, reaching /
a total of s2IS. .6s0es. Building associa-
lions advanced TO members So, $50. The |
sum f all the notes given for deferred |
purchase money was s2s. $3.50
Northwest property was again favored |
as basis for loan security, the aggre-
gate Of loans in this section was sl72oeo
Land in the county was encumbered TO
the extent OF $40. .297 o. The record of
loans in the other city sections was:
Southeast, S25.5Oe; northeast, $500, and
southwest, 1880.