The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-09-02
Closing Week Makes Poorest
Showing Of Month, With
Only SO Deals.
MANY LOTS DISPOSED OF
Two Suburban Tracts Comprise
Total Of Nine Hundred and
Ninety-three Parcels.

Investment in the purchase OF and
loans on Washington real estate In
August. 1916, totaled ~ 900. Tho brok-
ers during the month just ended COM
pleted 6S transactions in which were
involved 1850 lots ana parcels OF real
estate.
Compared with August. 1916. an in
crease Of one sale In noticed. although
the volume Of trading Of the past month
In 63l lots In advance Of the number
changing owners in the corresponding
month OF last year. The inve7tment
exceeded the aggregate for the eighth
month of 1915 by 10000.
During August, 1916. thebrokers closed
ftfty-one more deals than IN July. and
the number Of parcels conveyed was
j15 more than in the preceding month.
July.s investment, however. cxcelied ~
The past week made the poorest show
ing of the month. and incidentally
touched next to the lowest level which
realty trading has reached In lfS.. it
was only the first week o: the new
IN the closing days of August. During
the past week the brokers reported only
niDfty-three deals.
While the number of trades was so
small. the volume Of trading included
ed during the entire month. A total Of
500 lots changed owners in the past six
days. but most Of these lots were in
cluded in two sales Of suburban tracts.
ferred during the week.
Tuesday Banner Day.
Tuesday was the banner day Of the
week. having twenty-seven sales to its
credit Friday ranked second. with
eighteen deals. followed closely by We'd
nesday's record Of seventeen trades.
Monday and Thursday were tied. with
twelve sales each. The half holiday Of
Saturday furnished only seven deals.
The two large sales Of county tracts
lead Of the market. with a total Of 90
parcels transferred. The near-urban dis
trict was In second place. with thirty
three lots conveyed. A demand for
property In the southeast put that sec
eight lots to It's credit There were TWEEN
ty-two lots sold In the northwest, nine
In the southeast. and two In the south
west.
The largest transaction of the week In
volved $4,000. At this consideration. &C.
cording to the revenue stamps. William
J. Fentress purchased about $50 lots In
the Michigan avenue addition, lying
north Of Bunker Hill road. between
Eleventh and Thirteenth streets north
east. The land was acquired from
Among the important sales were prem
ises 1872 Wyoming avenue. bought by
William b. King from Catherine w. Go
dey, for about 81 800 the business prop
erty at 615 F street northwest, acquired
by the Washington Loan and Trust
Company. as trustee. for $1,000 and
house 174s NJ street northwest. sold by
John n Hewson to Douglas v. Cornwell
for $4,000. 81.
Levi II. David invested 1850, In the
purchase Of the property at Eleventh
and Euclid streets northwest. owned by
Clara Friedman. The WASHINGTON Ho-
tel Company acquired a frontage Of
twenty feet on North Capitol street. be-
tween n and f streets northwest. OPP
posite Union Station plaza. The stamps
indicate valuation Of $500.
Drop In Loan Market.
A drop of $4,000 is noted in the loan
market for the last week Of August over
the record OF the previous week. The
exact figures in loans for the past six
days were $43S.5Si .s9. This sum was borl
rowed on the security Of sl6 lots. at an
average interest rate Of ST per cent.
Straight loans had the call on the mar
ket. with total of $2S9. 61363. The build
Ing associations advanced to members
$ll2.100. The sum OF ali the notes given
Tor deferred purchase money was $780,
County property returned to favor a.
a basis for loan security being pledeed
for an aggregate OF $3.50. 7sl. 46. Land in
the northwest was encountered to the
extent Of $95.s25. The record OF loans in
the other city sections was: Southeast,
$3.50: northeast. $3o.22S.53. and south
west. $500.