The Washington times., 1917-02-03
NEW YEARS TRADING
IN REALTY Is HEAVY.
investments and Loans for
January Show Big Gain
Over Last Year.

loan on Washington real estate dur
ing January, 1917, totaled $4,000. 900.
This is an increase of little more
than 100000 over the investments
OF the initial month OF 1916 and has
been excelled only twice in the past
FIVE years. In January, 1915, a total
of s4.90o.00O was reported and in 1912
investments during the first month
reached 100000
During the past month the brokers
completed 571 transactions in which
were involved 1.097 lots and parcels of
real estate. This showing in the
number of deals is the best for jan
uary since 1919. The record for the
intervening years was AIS sales in
1916: 40 in 1915; 472 in 1914. and 456
in 1918.
Trading shows Advance.
The trading of the past week dis
played an advance OF 10 sales over
the activity OF the preceding six days.
Involved in the weeks total OF 1I6
trades were 1s1 lpts. Tuesday made
the best showing with 81 sales to it's
credit being followed closely by Fri.
days record OF 26-deals There were
l9 trades reported on Wednesday.
Monday and Thursday were tied with
Is sales each. There were II deals
recorded on the half-holiday OF Sat-
urday.
Investors continue to give atten-
tion to the outlying suburbs which
were the scene of the transfer of
sixty-four parcels. The northwest
ranked second with thirty-eight lots.
There were thirty-two lots conveyed
in the southeast, thirty-one in the
near-urban district, and thirteen in
the northeast Only three lots
changed owners In the southwest.
Business Property Features
Business property featured the
weeks trading. The largest transac-
tion involved an investment OF
$4,000. R. T. Warwick is said 10
have paid thA amount for the two
stores at 1909 and 1911 Pennsylvania
avenue northwest, which he pu--
chased from Hamilton Albert and
Jane Story, trustees. Tine lot fronts
thirty-five feet with a depth OF 100
feet, and is improved by structures
FIVE stories high.
Olu SioSOh pIOptHNg III
southeast corner Of Thirteenth and
Pennsylvania avenue northwest, al
rectly opposite the Southern railroad
Offices, was also sold this week. Will
liam C. Sullivan, trustee, conveyed
the property to William Z. Thomas
for Sal 900. Mr.. Thomas transferred
the building to H. Clinton Smith.
For a consideration OF about $4,000
Moses Goldberg sold the property a.
the southeast corner of Seventh and
1 streets northwest to the Central
Savings Bank. James T. Gibbs ac-
quired premises 731 Seventh street
northwest from Amelia Heindricns.
The consideration is not stated, but
Mr.. Gibbs gave a deferred purchase
money trust for $4,000. Premises
924 E street northwest was conveyed
by Michael B. Harlow to Mary H.
Harlow. No consideration was given.
Mills Buys Property.
Harrington Mills bought premises
1853 Rhode Island avenue from
Charles w. McCutheon. He placed a
trust for $4,000 on the property
which would indicate a price in eX-
cess of 100000.
/, The Leumass apartments, at 1901 Q
street northwest, also figured in the
weeks transfers. 1t was purchased
by John d. Longley from T. Z. Rhodes
and Bates Warren, trustees. The
price is stated at Sal $50.
The loan market did not reflect the
increased activity in sales, but showed
a decline OF about $4,000. The exact
figures of the loans of the past six
days were S552, ,373.23. This sum was
borrowed on the security of 197 lots
at an average interest rate of 5.s per
cent.
Straight loans predominated. with
an aggregate of 1924 4,O66.O4. The sum
of all the notes given for deferred
purchase money was S163 3,3OT.19. The
building associations advanced to
members S65,O0O.
Northwest property won highest ia
vor as a basis for loan security, being
pledged for a total of $325, ,460 "a
Land in the county was encumbered
to the extent Of $1S5.912.99. The rec
ord of loans in the other city sections
was: Northeast, $32, ,450; southeast,
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