The Washington times., 1916-08-12
Only One Hundred and Sixteen
Transactions Closed During
the Past Six Days.
SUBURBAN PROPERTY LEADS
Sale of Massachusetts Avenue
Holding Is Largest for the
Period. $751;.

Realty trading felt the blight Of the
vacation season during the second week
OF August. The absence from WASH
ineton of a large number Of brokers and
the indisposition Of investors remaining
In the city to take interest in real estate
had decidedly depressing effect on the
market.
During the past six DAVIS the brokers
succeeded in closing only 116 transact
lions. in which were involved 2O3 lots
and parcels of real estate. While the
volume Of trading for the week shows
an increase of twenty-one lots changing
owners over the record of the. initial
week of August. the number of deals is
sixteen short Of the showing of the
previous week.
As though to indicate the presence Of
link. the luckless number e appears
twice In the weeks record Of daily
trades. and the Inflated 10 also was in
evidence on one day.
The largest number of sales reported
In any one day of the week was twenty
three. This was the figure for Tues
day and again on Wednesday. The half
holiday OF Saturday and Thursdays
business were tied with twenty trades
each. There were seventeen deals COM
pleted on Friday and thirteen on Mon
day.
The outlying suburbs continued in the
lead of the market being the scene of
the transfer of eighty-six parcels. The
northwest outstripped the near-urban
district for second place with forty-nine
lots conveyed to thirty nine In the lat
ter section. There were nineteen lots
sold In the southeast. six In the north
east. and four in the southwest.
Largest Deal of Week.
The largest transaction Of the week
was reported yesterday when deed was
placed on record conveying the hand
some residence at 2234 Massachusetts,
avenue northwest. at Sheridan Circle,
to Howard A. Schladt for $1,000. The
property was sold by James d. Hobbs
and Hubert d. Quinter. trustees, for
$4,000 subject to an encumbrance Of
100000
Justice Stafford. Of the Supreme Court
Of the District Of Columbia, during the
week ratified the sale Of about lou feet
of land on Pennsylvania avenue adjoli
ing the old krafft bakery at Eighteenth
street. The property. which also fronts
on Eighteenth street. belonged to the
Julius I. Peyser. ]. w. Glennan. and
Charles j. Murphy. trustees.
The purchasers. Victor ]. Evans and
James Baird, are said to own the Krafft
property. and II Is ruinored that the
purchase of three adjoining houses on
Eighteenth street may have been in
their interest.
Nessrs. Evans and Baird were among
the incorporators of the Central Build
Ing Company which received a charter
last week. and It may not be unlikely
that Eighteenth street and Pennsylvania
avenue Is to be the 10, alton of tn
large building contemplated by the new
company
Other large sales completed during
the week include 91S Fourteenth street
northwest bought by Asa @. Gambler
for $a2.5OO; the Nonquitt apartment. nca,
Eleventh street and Columbia road. pur
chased by Laurence Mangan for $27, 800
premises POPS and 2034 r street north
west, acquired by J. Walter Moulder
for about $15. 900; the vacant lot at Sew
enteenth street and Riggs place north
west. sold to Luther A. Swartzell To-
sl0,500: and premises 51 and $50 Twenty
first street northwest, bought by Harr!
G. Laycock for 81. 100.
Slump in Loan Market.
A decided slump was evidenced in tn,
loan market for the second week Of Au
gust. The exact figures In loans for thu
past Fix days were $3s9.74Ss4. This sun
was borrowed on the security Of 1873 lot
at the average interest rate of 81 pc
cent.
Straight loans predominated with al
aggregate of $264. 402. so. The building as
sociations advanced to members SIS. 05C
The sum of all the notes given for de
ferred purchase money was 500, 291.34.
County property won highest favor a
basis of loan security. being pledge,
for a total of $227, 943.a. Land in tn
northwest was encountered to the ex
tent Of $s9.95O The record of loans Il
the other city sections was: Northeast
S7S70O; southwest, $4,000. and southeast
e6n