The Washington times., 1916-02-26
PREPARATIONS FOR
SPRING BUILDING IN
GROUND PURCHASES
Northwest Section and Near
Urban District Run Dead
Heat for Lead.
POI LoTs CHANGE OWNERS
Loan Market Displays Decline,
Falling 100000 From
Record Of Third Week.
2oi LoTs CHANGE OWNERS

The washington's Birthday holiday
had a depressing effect on the local real
estate market. The week was abbrevi-
ated TO four and half days, and in
that time the brokers were able to
close only Ill transactions. The volume
Of trading, however. was slightly in ad-
vance OF the previous week. A total of
20l lots changed owners as compared
with 800 parcels during the preceding
six days.
There are few transactions involving
large considerations. the business OF the
week appearing to be confined to
smaller dwellings and building sites.
Sales of a few medlum-priced apart
ments were noticed. The purchase OF
vacant ground is regarded as indicating
early activity In building in preparation
for the spring trade.
Wednesday proved to be the most ac-
tive day Of the week, having thirty sales
TO Its credit. Friday and the half holi-
day OF Saturday were tied for second
place. each reporting twenty-five lots
conveyed. There were twenty lots trans
ferred on Thursday and seventeen on
Monday. The office OF the recorder of
deeds was closed on Tuesday.
Run Dead Heat.
The northwest section and the near
urban district ran dead heat this
week in the race for the lead OF the
markets activity. In each section forty
three lots changed owners. The out
lying suburbs were a close third with
forty parcels conveyed, while the
northeast was near at hand with thirty
nine lots sold. There were twen.y-slx
lots sold In the southwest, and ten In
the southeast. t
The largest deal of the week seemed
TO be the" sale OF an apartment on
Florida avenue northwest, between
Twenty-frst and Twcnty-second streets.
Margaretta f. Sharp bought the prop
erty from Katherine j. Falconer for a
consideration indicated by the stamps
at &5,o0c
The business property at 73S Twelfth
street northwest. changed owners on
Gated at $4,000. Emma B. Yeatman sold
the property to Ethel NJ. Rutty. Miss
Rutty transferred II to Jessie 8. Davies
at q like consideration.
For a price said to be $500. Walter
M. Trout yesterday acquired the Vir-
ginia apartments from the company
which erected the building. The prop
erty. is located at 2l2O G street north
west.
1he transfer OF eight pieces of prop
,erty at total valuation of $500 was
effected yesterday. Ralph Given and
Norman Fischer, trustees. sold TO lsalph
", Elizabeth A., and George f. Cook
premises Ills Sixteenth street north
west, two vacant lots on ~ the, came
block, three lots on street northwest.
between Twenty.hrst and Twenty-sec-
ond streets, and two lots on Georgit
avenue, between Kenyon and Lamont
streets.
Decline In Loan Market.
Carl II. Smith invested $4,000 In the
purchase of three lots on Lanier place.
near ontario road. Abby X. Walter
was the seller. George C. Altemhs ac-
auired two lots In Richmond Park from
william s. Minnix. The price suggested
by the revenue stamps was $l6.500.
The loan market also displayed a de-
cline during the abbreviated week. drop
ping of 10000 from the record OF tho
third week of the month. The exact
figures In loans for the past week were
$431, 1850 This sum was borrowed on
the security of 17S lots at an average IN
terest rate of 81 per cent.
Straight loans dominated the market
with an aggregate of $32l. .72.32. The
building associations advanced to MEM
bers $75.1j0. The sum OF all the notes
given for deferred purchase money was
t34,T74.57.
County property won highest favor as
a basis for loan security, being pledged
for. a total OF Sl89. .Iy0.S2. Land in the
northwest was encumbered to the ex-
tent of Sl5l .9S2. The record of loans in
the other city sections was: Northeast,
SiS.466; southeast. S37,457.07. and south
west, $3.50