The Washington times., 1916-10-14
TRADING IN REALTY
SHOWS DECREASE M
NUMBER OF DEALS'
Business Fails to Keep Pace
With Activity Of Opening
/ Days Of Month.

Realty trading for the second week
OF October failed to keep pace with the
activity of the opening days OF the
month so far as the number' Of deals
was concerned. In the volume OF trad
ing, however, the past week shows an
increase Of nine lots over the number
changing owners In the first six days
Of October.
An advance Of FIVE sales, In which
were involved six more lots, Is seen by
q comparison Of the past weeks activ-
ity with the corresponding period Of
1915. ...
The brokers ciobed during the last six
days 140 deals in which 257 parcels of
real estate were involved. In the initial
week of October 161 trades were effected,
transferring 248 lots. In the second week
OF October, 1915, the brokers completed
only 1sS sales and conveyed only 25l
Friday was the busiest day OF the
week, having a total OF twenty-six sales
to Its credit. Monday and Thursday
were tied with twenty-five each, and
twenty-four deals were concluded both
teen sales were reported for the half
holiday OF Saturday.
Suburban Realty in Lead.
mand as In the first week of the month,
but continued sufficiently attractive to
retain the supremacy of the market.
In'sthis section 101 parcels were con-
veyed, while sixty-seven lots changed
owners In the near-urban district. The
northwest was In third place with forty
seven lots transferred. There were
twenty-five, lots sold In the southeast.
nineteen in the northeast. and three In
the southwest. ...a
The tone OF the market was elevated
somewhat this week, a number Of deals
involving business property being re-
corded. At least two sales were effected
in which the consideration exceeded
s5oeoo. Not few others were In excess
The feature Of the weeks trading was
the transfer OF the large property at
the southwest corner Of Eighteenth
street and Columbia road by George T.
6mallwood and John A. l. Cassidy to
the Knickerbocker Theater Company.
The considerationis is not given, but deeds
OF trust were placed on the property
By the new owner totaling $4,000.
auired the property In october. 1913.
Encumbrances Of $4,000.
The business building at 1875 New York
avenue was transferred from Annie B.
Mcqueen to Augusta C. Grossart The
price II not made public, but the deed
cited an cnoumbrancs Of $4,000 on the
property.
Another large sale Of business prop
srty was completed yesterday when the
American Security and Trust Company.
eS trustee. took title to the property at
the southwest corner Of Thirteen-ano-~-
half and @ streets. The land, lis ada
cent to the new ofr1ce building of the
transfer is subject to q trust for 30. 900.
but the purchase price is not announced.
Btill another business location figured
in the weeks transfers. Thomas l..
Miller sold to Edward L. Stock promises
122o New York avenue. The oonaidera-
ton was IN excess of 5000.
On Thursday last Harry l. Rust pur-
chased premises 2015 and 2O17 Fourteenth
street from trustees at a foreclosure
sale for 81, 400. Josephus Wells bought
premises Al Pennsylvania avenue from
the estate Of Dr. Daniel B. Clarke. The
pr1ce Is not made public.
Loan Market Increase.
The loan market reported an increase
Of 100000 this week over the record OF
loans for the initial week of October.
The exact figures for loans in the past
SIX days were $3.50. .s23.14. This sum was
borrowed on the security or 40 lots at
an average interest rate Of Sc per cent.
Straight loans continued In the van OF
the market. showing an aggregate of
346s, ,S62,4s. The sum OF all the notes
given For deferred purchase money was
ti12,ssO.es. The building associations ad-
vanced to members $i8.900.
County property retained favor as q
for a total OF 3f2,I48.H. Land in the
northwest was encountered to the ex-
tent OF s214,sso The record Of loans in
the other city sections was: Northeast,
ts,5oOS southwest, T,4oo, and southeast.
$500.