The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1916-03-12
WEEKS REALTY
TRADING BRISK
Average Of Twenty-four Sales
Daily-Forecasts Lively
Spring Dealing.
389 LOTS ARE SOLD
Newly Erected Apartment House
Changes Hands, Consideration
Being About 100000.

With daily averageN of twenty-four
sales, realty trading made flying start
during the first week of March. A total
of SS9 lots were involved in the weeks
trading, an increase of 12S over the last
week of February. Brokers say the &C
tivity of the past week forecasts lively
period of spring trading.
The feature of the week was the sale
of the newly erected apartment house
at Eighteenth and l streets northwest by
Joseph ]. Moebs to ]. Frank Conway,
Of Fairmont, w. Va. The stamps on the
deed and the encumbrances indicate the
consideration to have been $4,000. The
building is seven stories high. Mr.. MOebs
took over the Watson Hotel in Fair
mont.
The Continental Trust Company sold a
tract bordering on Bladensburg road to
Franklin " Killian. The consideration
was reported as S24,JG0.
The Catholic Sisters College acquired
lot near the Catholic University, Brook
land, upon which it is expected a build
ing soon will be erected. The price paid
for the ground was 5000.
Avenue Premises Sold.
Premises 1924 Pennsylvania avenue
northwest were purchased by Albert and
Charles Carry. trustees for the National
Capital Brewing Company, from James
A. Cahill trustee for the property. The
consideration was $4,000
The office building at SIG f street north
west. formerly occupied by Mrs. Belva
Lockwood, one-time candidate for Presi-
dent Of the United States, was purchased
by Charles II. Wine, of Culpeper. Va.
from the New England Equitable Insur-
ance Company, through William J. Fen
tress. The price is said to have been
$4,000
The Commissioners acquired thirteen
more lots in the tract bOrderCd by Sew
enteenth, Nineteenth. East Capitol and
b streets southeast, the site of the pro-
posed new Eastern High School.
The total consideration for the eleven
parcels was $l1.6O993. The District now
has title to more than half of the tract.
The full area. it is estimated, will cost
between $4,000 and $1,000.
6 street Structure Sold.
Gardiner & Dent. Inc, report the sale
of the fOur-story brick structure at llO6
G street northwest. by James Sharp to
Charles Gardiner. a Western capitalist,
for a price reported to have been $780,
COO. Other properties sold recently
through Gardiner &. Dent follow:
Premises Sic Eleventh street northwest,
from II. p. Amos to Giles Hcilprin. in
exchange for 1898 Fourth street north
west: apartment house at 1880 Irving
street northwest. sold for Henry Clay
johnson; 1855 Newton street, sold for
James l. MCGraw, and 222S y street
northwest sold to J. b. Caukin.
After several weeks of inactivity, the
outlying suburbs regained the lead Of
the market during the week. Nearly half
the total trading of the week took place
in these sections. The northwest section
of the city proper ranked second with
seventy-eight deals, the near-urban DIS
tricts. seventy; northeast. thirty; south
east, eleven. and southwest, seven.
The loan market failed to keep pace
with the activity in trading. The total
amount loaned during the week was
S516, 214OS. This sum was borrowed on
the security of 212 lots at an average
interest rate of 81 per cent.