The Washington times., 1915-06-26
REALTY DEALS FALL,
LOAN MARKET GAINS
Dearth Of Large Transactions.
IA Sales Effected, InvoIv.
Ing 219 Lots and Parcels.

Realty trading for the fourth week
of June experienced a slight falling on
from the activity which marked the
three preceding weeks. There was
dearth Of large transactions, such as
characterized the selling earlier In the
month. The record of the past six
days shows an average decline of two
sales per day from the number of deals
completed in the previous week. The
brokers, however, maintained a daily
average Of "a sales and completed IA
transactions In which were involved
219 lots and parcels Of real estate.
That the decline was to be expected,
is shown by the very active trading
earlier In the month and by a glance
at the corresponding period Of last
year. During the fourth week of June,
1914. the brokers closed only l3o deals
following week in which 1856 trades
proves that the decline this year was
not SO marked as in 1914, since the pres
ent week is only II sales behind the
record for last week while last years
drop was Is deals.
Suburbs Hold First Place.
The selling during four days of the
week was above the average and the
NTH days trading was not far below.
Wednesday was the business day Of the
week, showing 80 sales effected. Friday
ranked second with 26 deals closed fol-
lowed closely by Saturday with 25
trades to its credit. There were "a sales
reported on Thursday. % on Tuesday
and Is on Monday.
The outlying suburbs retained the su-
Apremacy of the market. although ex-
pericncing a slight decline from the ac-
tivity Of the third week Of June. There
were seventy-three parcels changing
owners in that section. The near
urban district. which last week con:
tested the leadership, dropped to third
place this week. being outstripped by
the northwest city section. The latter
was the scene of the transfer of fifty
two lots, while only forty-seven lots
trict. There were twenty-five lots sold
in the northeast. thirteen in the south
east, and nine in the southwest.
Biggest Sale For $4,000.
Local real estate figured as part
security in a mortgage given to secure
a bond issue of 100000. The McCrory
Realty Company. Delaware corpora
ton, through William J. Fallon, ao-
Quired title to the McCrory Five and
Ten-cent Store at IA Seventh street
northwest at a valuation of $34, 500. This
property, with holdings of the company
in other cities. was pledged to Simon w.
Straus, Of Chicago, to secure 500, 900 in
bonds payable July !. 1917. to July l,
1880, with interest at per cent.
The highest priced sale this week in:
716 Twelfth street northwest, which
Randolph T. Warwick acquired few
months ago. Mr.. Warwick sold the
property to Frances G.. Carroll for $40,-
premises 1918 o street northwest at
$13, 500.
For a consideration Of $3.50 tho
American Home Life Insurance Com
Firth and q streets northwest to Alex
ander. schafer. The property will be
held for an Investment
Another business property figuring in
Eighth street northwest. Albert {.
Reinhold sold this property to Jacob
II. Byrne for $83,6oo ana Mr.. Byrne
transferred It to Henry s. Rich. trustee.
west also was conveyed yesterday
Mary e. Horgan and others sold the
property to Ethel NJ. Rutty. The reve-
nue. stamps indicated a purchase price Of
ST., 200.
Loan Market Advances.
John Hays Hammond sold a vacant
lot on r street northwest, between
Twentieth and Twenty-first streets, for
$500. Cornelia J. Aldris was the pur-
chaser.
While trading was declining this week
the loan market sustained an advance
of $4,000 over the record for the pre-
ceding six days. The exact figures in
loans during the past six days was
1853, ,213.46. This sum was borrowed on
the security of 233 lots at an average
interest rate Of 81 per cent.
Straight loans dominated the market
with an aggregate of $374,42s.I The
sum of all the notes given for deferred
purchase money was $1O, .35, Build
Ing Associations advanced to members
s91 800.
County property led In favor as loan
security with a total Of 70,7N19, Land
aggregate Of $193.617 while $108725 was
borrowed on property in the southwest.
Loans in the northeast totaled s59, SOL
27 and in the southeast, s26,6o0.