The Washington times., 1915-09-04
TRADING IN REALTY
SHOWS SHARPRALLY
NMONTHOF AUGUST
Deals Exceed by 20 Per Cent
Those for the Same Period
During Last Year.

Realty trading during August, 19lb,
sxessded by 40 per cent the activity of
: the bsokers In the corresponding month
Of last year. During the past month
txsre were sd transactions effected In
which were involved 1.16a lots and par
cells. The Investments. however, were
sheut on q par with August, 1914. The
total Of the loans on and purchase Of
real estate last month reached $500, 900
a. compared with $s,750.0so in August.
INA In the same month of 1918 only
Q,b00, 900 was invested.
The last weeks business was slight
~ In advance Of the trading for the
preceding six days. The brokers re-
sorted 12s transactions a. against 12l
deals completed in the fourth week OF
August Involved in the operations of
the past six days were 100 lots and
parcels.
The weeks trading was rather equal
" distributed. Tuesday was the busiest
day With twenty-eight sales to its cred
II, Friday ranked second with twenty
ok deals. followed closely by Thurs
days record Of twenty .five trades.
There were twenty sales on Wednesday,
thirteen on Monday. and twelve on the
half-holiday Of Saturday.
Suburbs Mske Best Showing.
The outlying suburbs continued to
make the best showing, having been
the scene of the transfer Of seventy
one parcels. The northwest was in
second place with fifty-fve lots sold,
followed by the near-urban district.
where forty-seven lots changed owners.
There were nineteen lots conveyed In
the southeast and five in the north
east. But one lot was sold In South
west Washington.
a' hhe'kDrffss sss of tae msss
house on Mintwood place near Column
bia road. Leo Simmons sold the prop
erty to Herndon Morsell and Mrs. Min
Gated by the revenue stamps was $4,000.
The building is four stories and con-
tains fifteen apartments.
As part consideration for the apart
cant ground at the southeast corner Of
Eight6enth and D streets northwest.
the value set on this property accord
to the stamps was ,hs about ., $500
cent purchase by the Daughters Of the
American Revolution of the property
contiguous on D street to Continental
from the western Boundary Of the as.
i. Sasasss soHtsss on :,Fsst
ceeds 200 feet. Mr.. Simmons will hold
no plans in regard to 1t at this time.
Title Conveyed To Gompers.
Probably the most interesting sale of
the week was the acquisition Of title to
land at Ninth street and Massachu-
setts avenue northwest, by the Ameri-
can Federation Of Labor, which is
about to construct an office building at
sn outlay Of 100000. The site cost
34o,oOO and was obtained from the Amer
lean Security and Trust Company as
trustee under court decree. The
Frank Morrison sea ana q James as' ocomRnei occReIi
- trustees for the federation
An investment Of $4,000 was made by
the Orme Bros. who acquired during
the week the old Cairo stables at 1920
transferred from John Mariner to VII
liam, Harry A., James w, Charles If,
Edgar j.. and Gardner p. Orme. The
purchasers are said not to be prepared
to announce their plans for the i'm
provement Of the property.
The Chalfonte apartment at 2ll6 P
street northwest figured in the weeks
record. George 8. Ziler took title as
trustee for the contributors to the pur-
chase money. The>names Of the others
interested are not stated.
Decline In Loan Market.
The loan market this week lost the
advance gained In the preceding six
days and dropped back to the record of
the third week Of August. The exact
figures for the past six days were $685.
6W.21. This sum was borrowed on the
security of 163 lots at an average inter-
est rate Of SIS per cent.
Straight loans predominated with an
aggregate of $l55, 5,9l1.45. The sum of all
the notes given for deferred purchase
money was s62,s42.76. Building associa-
tions advanced to members, $37. $50
County property easily led In favor
as q basis of loan security being pledged
for n total Of Sl63. 3.714.92. Land in the
northwest was encumbered to the ex-
tent Of SIS. 800. The record of loans in
the other city section was: Northwest.
s23.soo; southeast. $l3,3S2S4, and south