The Washington herald., 1915-10-17
REALTY SLUMP
NOT PERMANENT
Slight Decline in Trading Not
Regarded Seriously by
Brokers.
l35 SALES FOR THE WEEK
Beacon and Park Apartments Change
Hands More Than Half of
Deals in Suburbs.
l35 SALES FOR THE WEEK

| Although realty trading declined slight
| ly during III" last six days, brokers cX
pressed tn. opinion Yesterday that tn,
slump vii he only temporary. Durin:
the week t. transactions involving -
! lots and parcels we're closed. The figure.
| show that WhIi" there were fewer trans
actions than daring the carly days of th'
month. the amount Of property involved
in the sales was greater.
Yesterday WAS the busiest day of tn,
week. q sales being effected. Twenty-fiv,
deals were closed Friday. 20 on Monday
~ on Tuesday. !? on Wednesday and !!
on Thursday. Despite the approach ol
cold weather. moro than half the volume
of the weeks trading was In suburban
property. a total Of 10 parcels changing
hands in those sections.
The near-urlan districts were second
: with - lots involved in sales. Forty
three ."ts were conv' Ncd in the north.
west. In tn" northeast - lots We're sold
Nine tram@f'rs were recorded in the
southeast and in tn" southwest.
The sac of the Beacon apartments
Calvert street and Adams Mill road
northwest. for a price indicated by the
stamps TO have been s12l .r0n. was the fea-
ture Of the week. The deed was trans
f.rrrd from Alexander Scharer to William
r. Dent. of Maryland.
Louis y TanGballe sold the Park
apartments. Thirteenth street and North
Carolina avenue northeast. to Henry
Clay Johnson. The stamps and incum-
branches on the property indicate the
prir" to have been $3.50 Mr.. L-angballe
acquired from Mr. Johnson the latter's
equity in SIX houses in the northwest and
snutheaS. sections.
The business property on the south
west corner of Fourteenth and /.
streets northwest. was sold to Lee ID.
Latimer and George S. Itees by Will
lam j. krhoc for Il price said to have
been $4,000. Premises 9l4 New York
avenue northwest. were sold during
the week by James y. Huston te Har-
riet II. lockwood for price said to
have been $4,000.
For $4,000 the Plaza Commission ac-
quired premises % ]; street northwest.
from the Chesapeake and Potomac
Company as part of the
tract TO be converted into II park. The
building was formerly tho eastern cX
change Of the telephone company.
The loan market was not so active
during the last SIN days as during the
first week of October. The exact
figures for tho week wrrc s322.999.4
This sum was borrowed on the
rurity of "20 lots at an average in
tcrest rate of IS per cent Straight
loans were in the majority. tOtalInE
sl6957S.59. The sum of all the notes
given for deferred purchase money
was s56.i70.S3.
Only four building permits involving
81 200 or more were taken out dur
nE the week. There was the usual
volume of small repair work. James
Drme secured Il permit to remodel
I620 NJ street northwest for a garage.
The Improvement will cost in the
lcighbnrhood of $4,000.
4 permit was issued for the erection
# a new retworth NJ. +. Church at
Ncw Hampshire avenue and Grant
'ircle. 1t will be a one-story struc-
urc Of brick and stone. and will cost
lbout $4,000. 4 permit for extensive
'epairs to certain houses along the
wholesale row at Center Market was
SSued. The buildings will be re-en-
orced with concrete and steel beams