The Washington times., 1917-03-31
SALES OF REALTY
GAIN IN QUARTER
Total of $4,000, ,ooo,. Invest
mentS and Loans, Represents
Increase of 100000.

Investments in and loans on Wash
ington real estate for the first quar-
ter of 1917 reached S14.3OO.000, an in
crease OF more than $2,OOO,Oo0 over
the corresponding period OF 1915. Dur
ing the last three months brokers
closed 1,5T3 sales, in which were in
volved the transfer of 3,1S3 lots and
parcels OF real estate. In the first
quarter of 1916 there were recorded
1,oe6 sales, including 2.964 lots.
While furnishing the highest total
or Investments, March, 1917, did not
measure up to its predecessors in the
new year either in number of transac-
tions or in volume of trading. Invest
ments for the last month totaled
$4,000 but only 495 sales were
effected and only S77 lots changed
owners. In February the brokers
closed 507 sales, involving 1,2O9 lots,
while in January 571 deals were com
pleted and 1,097 lots conveyed.
Another slight increase in realty
trading was noted during the closing
Gays Of March. In the last six days
the brokers completed 129 sales, in
which were comprised 2S4 lots ana
parcels of real estate.
"SOubrette Row, to Pass.
The feature of the trading of the
past week was the purchase of eight
buildings-50sh 10 $50 Thirteenth
street nOrthwest-by the Anchor
theatrical Corporation for a con-
sioeration OF 100000. The purchase
marks the passing of "soubrette row."
as the boarding houses included with
IN the transfer are generally known.
On the site, it is said, a large motion
picture house is to be erected. Prem
Uses 5OSta was acquired from Frank
lin V. Killian for $4,000. The adjoin-
ing dwellings, $40 and 5l2 were
bought from Mrs. Catherine F. Lam
non for $4,000. it is stated, and the
Caleb c. willard estate convened
premises 514 to $40 for S13O,OOO. De-
ferred purchase money trusts to the
extent of $15O,OOO were given by the
new owner.
Edmund K. Fox purchased the mo-
tion picture theater property at
Twenty-hrst street and Pennsylvania
avenue northwest, known as Penn
Gardens, for $4,000. The propertv
was sold by Albert F. Fox and CIar-
ence Corson, trustees, under a deed
of trust
James A. Becker took title to prem
lses 6lS F street northwest by deed
from John Wedderburn. Only a nom-
tnal consideration was stated.
The weeks trading was rather
evenly distributed, Thursday making
the best showing, with twenty-six
sales. Saturdays half-holiday ranked
second, with twenty-five deals. There
were twenty-one trades effected Fri
Gay, and a like number Tuesday.
twenty sales were recorded Monday
and sixteen Wednesday.
Northwest property continued in the
van Of the weeks trading. with ninety-
seven lots 20 its credit, followed closely
by the outlying suburbs, where eighty
nine parcels changed owners. There
were forty-four lots transferred in the
near-urban district. twenty in the south
west, nineteen in the southeast, and if
teen in the northeast.
Decline I'm Loans.
The loan market did not reflect the in
Increased trading Of the week. but
showed a decline Of nearly $4,000 from
the record Of the previous week. Exact |
ngures IN the loans Of the last six days
were 2S.sS.2s. borrowed on the secur- |
ity OF III lots at an average interest rate |
Of SIS per cent.
Straight loans and deferred purchase |
money trusts Wed for the lead of the |
market. the former winning by less
than S4OOOo The aggregate of straight |
loans was s259, ,S57-29, while the sum of all |
the notes given for deferred payments |
on purchases totaled 223. .472 Building |
associations advanced TO members S1l2.- |
600
Northwest property continued in favor
as basis for loan security. being pledg- 1
ed for total Of SS36, ,9Ss Land in the 4
county was encumbered to the extent |
OF S25S.576.S. The record Of loans in the
other city sections was Southeast, Sl5,-
b2S: Northeast. $1,000, and Southwest.
s. 500