The Washington times., 1916-01-15
REALTY MART DULL;
SLIGHT DECLINE IN
OUTLYING PROPERTY
But Suburban Realty Maintains
Decided Lead-Improvement
in Northwest Conditions.

Lethargic conditions continued to pre-
vail in the real estate market during
the second week Of January. Despite
unusual efforts ON the part of the brok-
ers they were unable to close more than
ninety-scvCn transactions ir the past
six days. The weeks total OF sales shows
an increase Of nine deals over the rec
ord for the initial week of 1915. In
volved in the trading for the second
week Of the month were 2l3 lots and
parcels Of real estate.
A slow market is not unusual at this
season as is shown by n comparison
with the second week OF January III
previous years. In the week ending Jan
uHry l6. 1915, but l02 deals were e.
fected, involving 2l0 lots. only NN
trades were completed in the second
week Of January. 1914. IN which were
included the transfer ot 2Ol lots. Ia
the corresponding period of 1917, th"r'.
were completed l2o sales. and in 1913
an increase Of only 10 per cent "Ner
these figures was recorded
Not One Busy bay.
There was not n single busy day tnr-
ing the week. Tuesdays output Of twcn-
ty-two sales being the high mark.
Thursday ranked second with twenty
deals completed. Monday and Wedncs-
day were tied with sixteen deals each.
There were thirteen trades effected on
Friday and ten sales on the ha|t-hoii-
day of Saturday.
\ slight decline is noticed this week
in the demand for outyin" suburban
realty. In the opcninG daNs OF the
month moro than half the trading was
within this area. while in the past week
'css than half the activity was located
Ii.,., n
,aincd a decided lead of the market.
With q total Of ninetv-one parcels
changing owners. Tho n"ar-urban dis
trict vas IN second place. with hity-
three lots to It's credit. There was some
Improvement in selling conditions n the
northwest where thirty lots w"r" CON
lcycd. TwrntY-thrcn lots were trans
forrcd in the northeast. nine N the
southeast and seven in tho southwest
Tho chief sale of the week involved
A onc-third interest in premises l2l%
street northwest acquired by Mary T.
Plaster from Harriet s. Turner me
transfer was mad" on Nailat,on "l
10000 for the whole property. Inc IN
tcrest cost S}&, $685.
Tioga Apartments Sold.
Christian lTcurich recorded a dead for
f street property purchased by him
bout three years ago from Henry II.
I'lather The property comprises prem
sea 1910 and 1Ol3 /. street northw >st: oc-
,.upied for business on the itrS' noor'
with three floors above for dWeii,hS nnr,
poses. The consideration is nominal
only. and as the deal was made beioTE
,he war" no revenue stamps were al
liked to indicate the price ,.
New trustees took title this WceN tn
ne nroperty of the Jolly Fat Mems Gun
at a3I street northwest Inc iana
was conveyed through Lula J: Ilton
10 Emil G. Schafcr. Peter J. Nee. John
J. Graft Edwin II; Ne"meyeF anu
itk
The rioSa apartments, at ElSnth a;'u
/, streets northeast. figured IN inc
weeks trading. Andrew Wilson trus
tee, conveyed the property TO Lima .
alton of $500.
Henry ". Spriggs invested about
$4,000 in the purchase of hftecn-toot
frontage on sixteenth street. 'larlsSa
Sinms conveyed the premises lilo
sixteenth street northwest to Nv
SprigCs. Premises 90 ID street north
west was acquired by Rebecki", Fleg-
man from Barnett Cohen. the price not
t,einr stated George y. NOrthnEton
,old eight lots on Florida avenue north
cast. between Twelfth and Thirteenth
streets to William +. Rayncr' The price
is stated at &l2,10o Emma j. Mailef
took title to premises 22O3 and 2J9 / ouf,
teenth street northwest, which had
hc"n held by trustees nominal con-
Sdcration is given.
Increase In LOdls.
The loan market displayed an increase
of more than $40 600 over the record for
the initial week of the New Year. The
exact figures for the loans of the sec
ond week OF January were Sof3ol o.
This sum was borrowed on the security
Of 221 lots at an average interest," rate
of 81 per cent.
Straight loans had distinct call on
the market showing an aggregate Of
S35cs5l.62. Building associations ad.
vanccd to members S6o.00o, The sum of
all tho notes given for deferred pur-
chase money was S4l,1G.
Tho northwest returned to favor th'S
week as a basis for loan security. being
pledged for a total of 1921, 900. Land in
the county was encountered TO the cX-
!"nt of Sla5&9.E. The record OF loans
in tho other city sections was: North
East. $25Ol2.%&: southeast, 5000, and
southwest. $500.
Hids fol the erection of a lWo-story
department store for |. Goldenberg, to
.bc located on the northwest corner OF
seventh and NJ streets northwest, were
opened today.
The structure Will be OF lie same gen.
eraI type as that on the southwest cor
nor Of Seventh street and New York
avenue, and Will b" lircproof in con-
-trUCtiou.
The estimated cost OF erection is
about $@0,HG'
tNlNli ItHSIIIl'IlS, al Clllt'CNS, pre-
pared the drawings.
Permit for tho erection OF a three
story, public garage at @2l Eighteenth
street was issued to tho Mt. Pleasant
Garage Company Monday of this week.
The structure will be of brick and con-
crete. with frontage Of fifty feet and
a depth of 40 feet. The venture. in
volvng approximately 10000. is being
undertaken by J. A. Gibson and c. l..
Burrows, the latter bcinE named IN the
permit as builder.
Plans were drawn by w. I. Nichols.
architect.
More than fifty members OF the cx-
rcutivc committee of the National AS
..oCiation of Real Estate Exchanges
will attend the banquet to be given that
body by the Washington Real Estate
Brokers Association January y at the
Willard.
Acccptances from SIX Senators and a
number of Congressman have been re-
ceived by the entertainment committee
Congressman J. Hampton Moore, OF
Pennsylvania, will speak on Washing
Federal ('itV' and Glen RroWD