The Washington times., 1914-12-19
TRADING IN REALTY
JUMPS Is PER CENT
Firms Close Deals in Which ITO
Parcels Of Property Are
Involved.

Realty trading increased more than
rs per cent during the past six days
and The Times forecast of last Satur-
day, that greater activity would be no.
ticeable this week. was abundantly full
filled. The brokers succeeded in closing
IL transactions, SURPRISING by twenty
three sales the record of transfers for
the preceding week and sustaining a
daily advance of four sales over the
business of the second week of the
month. Involved in the trading of the
past week were 10 parcels of real estate.
The market is rapidly recovering from
the slump caused by the rush to close
sales In the last days of November. In
order to avoid payment of the stamp
tax many sales were advanced and the
trnsfers placed on record before De-
cember 1. This action took away from
the number Of sales that would have
fallen normally in the record of this or
the preceding week.
Yesterday was the busiest day OF the
week. when twenty-eight deals were
recorded. Tuesday ranked second. with
twenty-seven sales, followed closely by
Wednesdays record of twenty-five
on Monday and twelve on the half
holiday OF Saturday. The poorest day
Of the week was Thursday, when only
nine sales were effected.
Outlying Suburbs Least.
The outlying suburbs retained the
lead of the market, having sixty par
cells to their credit. The near-urbsn
district and the northwest section were
trading. each furnishing thirty-seven
lots. There were sixteen lots sold in
the northeast. There was another tie
for last place, the southeast and south
west sections each contributing ten lots
TO the weeks record.
Tho largest financial transaction of
the past six days was q loan of $4,000
by the Philadelphia Saving Fund So
ciety on premises 1907 + street north
vest. The property is owned by Mrs.
Kate T. Carlisle. who agreed to repay
the loan in three years and TO pay in
terest Of So per cent.
Another large loan OF the week was
effected yesterday when an encum-
brance of $4,000 was placed on Rust
Hall, Robinson Hall, and the other
buildings connected with Sibley Hos
pital. The title to the property is in
Methodist Episcopal Church, an Ohio
corporation. The loan Is repayable to
John Robinson in three years, with in
terest at per cent.
To finance a contemplated building
operation on Meridian Hill. the Union
loan OF $4,000 for Fenton G. Saunders
and Berkeley l. Simmons. -Four houses
are TO be built Two Of the lots are
encountered for $500 each and the |
other two for 5000 each.
Charles J. Walker yesterday pur-
chased fifteen lots at the corner Of
Fifteenth and Buchanan streets north
west. which he will improve. The
property was owned by Harry Ward
man and Thomas Bones.
Apartment Is Resold.
The Prince George apartments. AT 1907
and 1863 Thirtieth street northwest
which Harry Wsrdman took in a
trade for his apartment at Fifteenth
and r streets. with Clarence F. Nor
rnent- WAS resold this week. The new
purchaser is Hugh Reilly. The price Is
said TO have been about $4,000.
An interesting sale Of G street BUSH
ness property was made last Monday.
The three houses at SO to 6f6 G street |
were purchased by Michael
as one that ought to AFFORD opportunity |
for a large profit on the investment
The advance I'm the selling business |
was eclipsed IN the loan market this |
week where an increase Of moro than |
30 per cent was noted. The exact hg- |
ures TO- the past six days in loans were |
s5re. os5.95. This sum was borrowed on |
the security of IN lots at an average |
interest rate Of 81 per cent
Straight loans had the call on the |
market exhibitin a total of $3.50. 90 - |
The building associations advanced to |
members $500. The sum OF all the i
notes given for deferred purchase
money was 3S3ss5y
Northwest property was most fav-
ored as q basis for loan security being |
pledged for an aggregate OF s2o5. go.
County property was encountered to the |
extent Of scl2.746.e3. The record of loans
In the other city sections was: north
east, SO ,aoO: southeast, t1s.57o and south