The Washington times., 1915-10-16
DECREASE SHOWN IN
! REAL ESTATE SALES
Trading for Second Week If
Month Fails to Keep Pacs
With Former Business.

Realty trading for the second week
Of October failed to keep .'acn with
tho activity Of the opening davs OF
the month. The business Of the last
six days, however, was regarded hs
satisfactory by the brokers. who closed
18s transactions in which were involved
Isl lots and and parcels " real estate.
The volume OF trading sh Dyed u de-
cided advance over the preceding
weeks record. Nearly fifty morc lots
changed owners than In the Initial
week of October. While there were
fewe- transactions completed. the quail
fly of trading was not affected. One
deal involved a consideration Cf about
sl21 90. and several other sales were
made at good figures.
The half.holiday of Saturday proved
to be the busiest OF the last six days.
showing a total Of thirty-one sales.
Friday ranked second with twenty-five
deals followed closely by Mondays rec
ord OF twenty-five trades. There were
twenty sales reported on Tuesday, nine
teen on Wednesday and eighteen on
Thursday.
weeks trading was in suburban prop.
erty, despite the approaching toid
weather. A total Of i-9 parcels were
conveyed in the outlying sGDurbs. The
near-uI ban district was IN second place
with forty-five lots transferred. follow
ed by the northwest, where toity-three
lots were conveyed There w"rC TWEEN
ty-three lots sold in the northeast. nine
in the southeast. and two in the south
west
The principal sale of the week in
volved the Beacon apartmtn nts at the
junction of Calvert street and Adams
Mil road. The price AS Indicated oy
xha. al h. Sl.l 900 Alex.
ander Scharer conveyed the property
to William r. Dent. of Maryland,
The Park arai:ments oil Lincoln
erty Is located on the northeast corner
of Thirteenth street and North Caro-
lima avenue northeast, and Is tou,
stories high. Louis =. LanSballe solo
the apartinentS to Henry Gay Jonn'
cumbrances or the land Indicated tho
consideration as $s,OO.
In connection With the sale of the
Park apartments Mr.. Lai'gballe ac.
six houses H. the northwest and south
east sections. Included In the sale
we're premises 9l5 p street northwest
1920 Ninth street northwest: 2lo6 -
street northwest, and Oh els ana O"'
M street southeast.
A FuurtoeO.h street corne: IN the up
Der business section was sold durinl
the week. william j. kehLe sold I,
Lee ID. I.atlll'T ana 'I'o' 81 D. 49,
premises 1922 Fourteenth street at tn
southwest corner Of Fourteenth ana
streets. 'rhC rrirc paid wss indicated
by the revenue stamps at S:"p.
Another business property deal WE
closed during tie week James \. HuE
ton sold premises Oil New York ave
nue. northwest to Farrtct IL LOCKWOOD
The price paid was si2 600.
Among the transfers made during IN
week to the Government IN connection
with the extension of the 'apito
grounds to Union Station was the prop
erty at 90 street northwest. directl!
OF the Capitol park. The property be
lorgcd to the Chesapeake and Potomac
Telephone Company, and was formerl!
used as the eastern exchange. Th'
price awarded by the commission o
purchase was $4,000.
There was a decided slump In tie loa.
market during the past six days from
the record of the opening week ot
October The exact figures for the sec
This sum was borrowed on the security
of go lots at an aevragc interes; rat,
Of 1.S per cent.
Straight loans easily led tho markc
with an aggregate of Slf9.51S. 70 The
building associations advanced to rn"m
hers s9I.9"". The sum of all the note!
given for deferred purchase money Wa!
s56,iI0,s3.
County property was most favored al
basis for loan security. being p'cdg"C
for total OF Sis, ,SS5il. Land In th'
northwest was enGumbered to the ext"n
OF Es,sGio1. The record of loans in tn,
other city sections was: Northeast
S5S.3JO: southeast. $500. and southwest
~ 90