The Washington times., 1916-09-09
This Week, Handicapped by
Labor Day, Makes Better
Total Than Previous Ono.
100 PARCELS TRANSFERRED
Trading Well Distributed Be-
tween Suburbs and North.
west-Heavy Loans Placed.

An early revival Of real estate ae-
tivity Ia presaged by the increase shown
In the opening days Of September over
the trading of the Anal week of August
Despite the abbreviated week. due to
the general observance Of the Labor Dey
holiday. the brokers closed in FIVE work.
ing days eleven more sales than IN the
preceding week. A total OF I04 deals
were effected In which were involved
$50 parcels Of real estate.
This Increase in the number of sales
furnishes a stable foundation for tho
conviction expressed among the brokers
that fall trading Is to show decided
Improvement While the real increase
is not expected before the latter days OF
the month, the market already reflects the
number OF inquiries being made and the
facility with which newly completed
houses are finding purchasers Is causing
favorable comment.
Three OF the Ave days showed ident!-
cally the same business this week One
| was slightly In advance Of this number
OF sales. and the nth days trading was
not far below the average. Wednesday
| was the busiest day Of the week. with
ltwenty-seven deals to It's credit. On Tues
| twenty sales each was reported. SatuT-
| days half holiday witnessed seventeen
deals. Monday was observed as a holi-
day.
Trading Well Distributed.
margin OF two lots only marked
the difference between the trading in
outlying, suburban property and IN
northwest real estate this week. The
suburbs retained the lead of the market
| with forty-one parcels to It's credit. In
the northwest thirty-nine lots changed
| owners. The near-urban district rank
ed third with twenty-three lots con-
veyed. There were fifteen lots sold In
| the southeast. ten In the northeast and
| two In the southwest.
The chief transaction of the initial
| week of September was the sale OF
business block on F street For CON-
sideration indicated by the revenue
stamps at $4,000. Albert Carry pur-
| chased the three story brick building At
I'LL F street northwest. from the Ma
| tional Savings and Trust Company as
| trustee Of the estate Of John W. Nairn.
The deal was made through Joseph ID.
Sullivan to whom the trust company
placed the trust of $4,000 on the land
| and then transferred II to Mr.. Carry
II Is understood that the building VIII
| Ne remodeled and leased to merchant
now located on the south side or the
| street
| One OF the largest deals In residence
| property for the year was closed curing
he week. Howard Schlad conveyed TO
Bernard Meuser. the handsome stone
residence at 223i Massachusetts avenue
northwest abutting sheridan Circle
The price is stated at $1,000.
| The spacious residence at 1905 II street
northwest was bought this week ny
Mrs Edith Eingman Kern from Emma
- Rawlings. The stamps indicate n
,rrc of $4,000. \ block of houses at
otn street and PENNSYLVANIA avenue
! northwest was sold during the week.
The Washington Loan and Trust COM
pany. as trustee. conveyed premises
1926 to 1890 18th street and 800 Penn-
sylvania avenue northwest to Albert g..
Blanche E.. and Edith l.. Rowzee. The
considerations said to he $500.
Premises 1881 Goth street northwest was
acquired by Annie C. Manchester FOR
$1,000.
Loan Market Advances.
An advance OF $4,000 is displayed In
the loan market for the initial week
OF September over the business OF the
clostag days of August. The exact ng-
lures in loans for the past five days
were si9s. SI.l4 The sum was borrowed
on the security of las lots an average
interest rate of SIS per cent
Straight loans continued to lead tht
market with an aggregate OF $2'6,14S ~
The sum OF all the notes given for De
ferrcd purchase money WAS Sfs.IH. 20
The building associations advanced T.
members $74.l0o
County property won highest favol
as basis of loan security with tots
OF S3l3,39Ilt. Land I'm the northwest YVES
encountered to the extent OF Nt4,o7o
amounted to $35,315 and a total OF 81, -
was borrowed on land in the southeast
: No loans were secured during the weef
/, on property in southwest Washington.