The Washington herald., 1917-03-18
APPROACH OF SPRING
Brings REALTY SALES
Suburban Properties Feature Transfers
but Downtown Deals Are Active.

An Increasing demand for suburban
property Is heralding the approach OF
spring. The suburbs Increased their lead
IN the realty market during the week
with a total OF 81 parcels changing own
ers. The near-urban district was In Sec
ond place with a lots conveyed. The
southeast ranked third with Is lots sold.
There were Is lots transferred in the
northeast. II in the northwest and II in
the southwest.
Realty trading of the second week OF
March recovered somewhat from the
slump attending the inaugural season.
An advance OF p deals over the business
OF the FIRST week OF the month was re-
ported During the last six days brokers
closed IN transactions. involving I75 lots
and parcels Of real estate. Trading was
rather evenly distributed throughout the
week.
Real estate valued at 100000 Is involved
In negotiations which became public yes
terday when proceedings were instituted
IN the District Supreme Court to confirm
the interest Of an infant In the property.
John ". Thompson. as guardian Of his
brother asked the court to approve an
exchange OF the business properties at
12os street and SIS to IS Twelfth street
northwest for the new ssven-story apart
ment recently completed by Bates War
ren at Isss Columbia road.
The value of the apartment is said to
be SIS, 900, Of which s1e6 900 Is represented
by a deed OF trust The downtown prop
critics will ngure in the transaction at
about $4,000, it is stated. The land is
free Of encumhrance.
Another feature of the weeks trading
was the sale by David A. Baer to Bucha-
nan II. McCeney of an apartment between
Wyoming avenue and Kslorama road.
The price is not given. but the convey
ance was subject to an encumbrance or
$4Z3t65a
The same purchaser also bought the
corner of Wyoming avenue and Twen-
tieth street from Nellie 1. Bradford. Only
a nominal consideration above trust
OF $zS.5o9 II stated
Announcement has been made that the
Old Dutch Market Company has leas-
ed the property at 1421 G street north
west and on September 1 next will open
the first market in the downtown busi-
ness district.
The apartment at the southeast corner
of Nineteenth street and Mintwood place.
erected about a year ago by John L
Warren, has been sold by Moore & Hill,
real estate brokers, for a consideration
said to have been about $50, 900. The name
Of the purchaser Is being withheld for
the present
After having been in one location at
liz Seventh street northwest, for % years,
the music house OF HeIbig Brothers has
moved to a downtown location at 137
G street northwest, where better accom-
modations are afforded for its increased
business.
The National Guard OF the District OF
Columbia. through the John W. Thomp-
son Company, Incorporated. has leased
the old herdfc cab stables at Nineteenth
and E streets northwest. The stables are
to be used to quarter the horses of the
mounted organizations of the guard until
= the proposed new aTmory is constructed.
L. L. Won Krentzlin now Is associated
with the Thompson Company as sales
manager. He formerly was with Jesse
l. Heisken
The loan market did not Measure UP to
the activity in realty trading of the past
week, but displayed a decline Of $3oo.-
900 from the record Of the opening days
OF March. During the last six days the
exact figures in loans were S6sS N7. 50. This
sum was borrowed on the security of 1S1
lots at an average interest rate of 6S
per cent.