The Washington times., 1916-03-04
Months Trading Reached $4,-
100000, a Big Advance
Over Period in 1915.
BIG DEALS SWELL TOTALS
Last Six Days Marked by
Greatest Activity Of the New
Year.

yryostnents In. and loans on ocai
r.al estate during February 1916 reacheu
a 10000. Involved in the months trau-
ing we're s51 transactions comprising
the transfer of 112S lots.
The months business shows a decided
advance over February, 1915, In the
number of deals, In the volume OF trad
ing and in the mohev invested. The
record for February OF last year was
go narceis transferred In 81 transac-
tions. involving a total investment OF
33,75000O.
The activity of the past six days has
heen worthy of note The volume OF
trading was the best OF the new year.
although the number Of deals was nine
short OF the record established in the
second week Of February. The consid-
erations involved were some OF the
The sale Of The Commerce building
by tho company which constructed ~,
to Mrs. Henrietta NJ. Holiday tor
$500 ,00c, attracted chief attention amoms
OF Considerable size. and $4,000 in cash.
changed hands in the deal.
Montana Apartments.
The Montana Apartments at 1925 NJ
street northwest was the next largest
sale OF the week. Charles d. Cugie
transferred the property to Frank r.
Bavis. a Philadelphia capitalist. for a
consideration indicated by the revenue
stamps at $4,000.
The building Is seven stories high and
contains sixty-two apartments. Mr..
Cugle as part consideratio.. took over
the Lester Apartments on f street be-
tween Twenty-Flrst and Twenty-Sec-
ond streets at a valuation of So. 500;
the Bloomingdale apartments at 81
Rhode Island avenue northwest, and
the business property at sos Eleventh
street northwest estimated at 10000.
The Decatura Apartments at Florida
avenue and Decatur street. also fig
ured In the weeks trading. Louise e.
Putnam purchased the property from
Bertha w. Custer. The stamps indicate
a consideration of $4,000. The building
Is four stories high and. contains twenty
i've apartments.
An Investment of ;70,0QO in a site for
an addition to the Harrington Hotel was
made by the owners. The company
bought the two-story buildings from llUS
to 1ll6 T. street northwest. Immediately
joining the hotel on the west. A pay
ment of $4,000 was made. and deferred
purchase money trust for $4,000 given.
The District of Columbia began the
expenditure of $4,000 in the purcahse
of the four squares bounded by East
Capitol and B, Seventeenth and Nine
teenth streets northeast, as the site OF
the Eastern High School. Fifty-seven
OF the lots within the area were bought
for $35, 5,49I1.
The Virginia apartments at 2l20 G
street northwest again changed owners.
alf yAA Nhn rfU
to Ellie Sheetz, and George NJ. Bowers.
The price was given as $4,000.
Near Urban To Front.
The near-urban district outdistanced
the other sections in the race for the
supremacy of the market this week.
being the scene of the transfer OF 50 lots
The northeast. through the purchase OF
the Eastern High school parcels, jumped
to second place, with q total Of 67 lots
conveyed. The northwest and outlying
suburbs were tied for third place, each
section having 46 lots to its credit.
There were twenty-one lots transferred
In the southeast and seven In the south
west
The loan market shows a decided In
crease. nearly doubling the record OF
the previous week. The exact figures in
leans for the past six days were $s6s.-
230.59. This sum was borrowed on the
security OF 252 lots at an average inter
est rate of 5.6 per cent.
The bulk OF the weeks loans were ol
the straight variety. which aggre'
gated $685., l22.66 The sum of all the
notes given for deferred purchas money
was $115 957.93. The building association:
advanced to members Sl05.Sj0
County property continued I'm favor a:
a basis for loan security being pledged
for a total OF S42l ,32i2j. Land in tho
northwest was encumbtfed to the eX
tent Of SSs9, 100 The record of ioan'
i'm the other sections was: Southeast
$50, 1864; northeast, $500. and south
west, $500.