The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-11-11
Sales Were 38 Behind Previous
Week and Below Figures Of
Four Years Ago.
TRADING WAS MORE ACTIVE
Loan Market Featured Weeks
Business, With Several
Large Transactions.


Realty trading suffered from doubts
attending the result of the Presidential
election. Tuesday, when the ballots
we're cast, made the poorest showing
Of the week. and but little improvement
was noticed on Wednesday and Thurs
day. A decline of thirty-eight sales is
seen In comparison OF the transac-
lions of the first full week of Novem-
Der with the preceding six days.
In the volume OF trading however
the past week displays an advance Of
nifty sales over its predecessors. In
cluded In the weeks total OF 142 deals
were involved 800 lots and parcels of
real estate. In the preceding week the
brokers concluded $50 transactions COM
prising 259 lots The corresponding
period OF 1915 witnessed the closing Of
l45 sales including pa parcels.
Realty operations were more extern
sive at the time of the first election OF
President Wilson, The record for cleo
ton week of 1912 shows 1T sales COM
pleted.
Loan Market Active.
The loan market rather than the
sales department furnished the features
OF the weeks business. A blanket
mortgage of $4,000 on real estate in
Washington and elsewhere was placed
on record by the newly organized r.
Mertens' Sons Corporation. This mort
cage secures an issue of per cent
bonds maturing in Ave years. The Con-
tinental Trust Company is named as
trustee.
Harry 'Wardman and Thomas p.
Bones secured a loan Of s167,OOO from
inc Warrington Loan and Trust Com
pany. The money is said to be for the
purpose of financing the building OF an
apartment on the northeast corner of
sixteenth and S streets, opposite Scot
fish Rite Temple ~.
On the same day John L. Warren
borrowed $4,000 from Elizabeth OIL
phant. This sum is secured on property
on NJ street northwest, between Fiji
teenth and Sixteenth streets.
The nigh mark in the weeks trading
was attained Monday. when twenty-nine
sales were reported. This number was
%tS aSs d FGay T TsaTs tSrs
twenty-five trades completed on
wednesday, twenty on Thursday, and
seventeen on Tuesday.
Suburban Property Active.
Despite the waning of the Veason. the
outlying suburbs reported more than
half of the weeks trading, and with 1853
parcels conveyed outdistanced It's COM
petitors In the race for supremacy Of
the market. The northwest was In Sec
ond place. with hfty-one lots trans
ferred. followed by the near-urban dis
trlot where thirty-six lots changed own
ers. There were nineteen lots sold in
the northeast. sixteen in the southeast,
and nine in the southwest.
One of the chief sales of a rather in
active market this week involved the
business property at IA Thirteenth
street northwest. The Samuel ]. Pres
colt Company purchased the property
from William J. Fentress, who had
bought from Almira f. Thompson. The
consideration Is not stated but the con-
yeyance was made subject to n trust
for $4,000 Five vacant lots on Twenty
second street northwest, betwssn c and
ID streets, were transferred by the Pres
colt company to Mr.. Fentress. The con-
sideration was not made public.
Stoneleigh Court Transferred.
The title to Stoneleigh Courts at L
street and Connecticut avenue north
west, was changed on Monday. There
was no sale OF the property, but the
heirs of the former Secretary OF State.
John Hay. transferred their interest TO
Real Estate Company.
3. n. Meyer and his wife transferred
valuable real estate to the corporation
OF 5. N. Meyer. Incorporated Included
In the transfer We're premises 1881 +
street northwest business block on
Fourteenth street nopthwest, between
| and X streets, and land In Woodley
Park.
An increase Of $4,000 is shown in the
loan market over the record of the
previous week The exact figures In
loans for the pant six days were 1852
4H17. This sum was borrowed on the
security of 2l7 lots, at an average in
terest rate of 5S per cent
stSiGht loans predominated with ar
average of Sis, 96S.76. The sum OF all the
notes given for deferred purchase
money was $l4,57S.41. The building asso-
Citations advanced to members $l02, 100
Northwest property continRed In favor
as a basis for loan securities being
pledged for n total Of SEES, S55 Land In
tho country was encountered to the ex.
tent of 1862, 502l7. The record OF loans
In the other city sections was: South.
east. $685. northeast, s2O,s45, and
southwest, Sl9,20.