The Washington times., 1912-09-28
FOURMI[[l0NS1ARE
INVESTED HERE IN
LANDS AND LOANS
Sales andVolume- of'Real Es-
tate Trades Show Slight
y.,es 49, Decline.
LISNER LOAN LARGEST
MADE IN SEPTEMBER
Last Weeks Loan Records Are In
Excess of Three-Quarters
Of Million.

About 100000 was invested. during
September, 1912, In the purchase of and
loans on local real estate. In this
amount next Mondays business is esti-
mated. The figure is half a million
dollars In advance OF the total invest
ments Of last September. but falls short
OF the business transacted by the brok-
crs during September. 1910. by about
10000.
In the month which practically closes
today. real estate operators failed to
reech the goal set by them. They
had builded their hopes on exceeding
the record of the corresponding period
OF last year. Although the total amount
of money figuring in the months bust
ness is in excess OF last September,
both the number of gales and the vol
umc of trading show decline.
A total Of b5S transactions were affect
ed this month as compared with 572 sales
closed In September. 1911. In the vol
ume Of trading a largo disparity exists.
the total nuraber of lots and parcels
Of realty changing hands this month
being 722 in September, 1911. the rec
ords show 1.4oo lots conveyed.
Largest Investment.
Srhe largest investment Of the month
was made last Tuesday by the Mutual
BENEFIT Life Insurance. Society OF New
ark. n. ]. This corporation advanced
sioo, 000. to Abraham Lisner, on his hold
ings of real estate on G street, Tenth,
and Eleventh streets. To secure the
repayment OF the advance MFR. Lisner
gave flve notes. four of 100000 each
and one for 100000, The notes are pay
able in eighteen, thirty. forty-two. six
ty7four. and sixty-six months, and
bear interest at per cent
Last week showed the second highest
loan OF the month. This was made by
i. Percival Wilson. who lent 100000 to
the Riggs Realty Company. The third
largest money transaction was for
100000 advanced by the Union Trust
Company on the Law Department build
inss Of the Georgetown University.
the past week was the sale Of the Rich
building at 1901 street northwest
Title to this property passed to the
American Security and Trust Company
as as trustee for an undisclosed client
The purchase price was between 900
and 100000. =
Apartment Houses Bought. - .'.
Two apartment houses changed own
'rs uuring the week. The Lonsdale, ON
California avenue, west Of Connecticut
avenue. was purchased by Charles d.
Cugle from James d. Hobbs. The con-
sioeration was not stated, put the trans
fer was made subject to trust for
100000. Mr.. Cugle gave an additional
trust OF $4,000 to Mr.. Hobbs to secure
a portion OF the price paid for this
equity in the properly. Mr.. Cugle
transferred to Allan McLane Albert,
who. in turn. conyeyed 70 Harry Ward
man and Thomas p Rones tbo Kinsa-
ION onartmant 81 ION Eiahto ats,
northwest The nric. naid was not
n,ada n,,huc hut tha r,rch San. o' a
.m,nea .n.,,,,,hnan, p" 20 es" 90 as
tha nronartv VI T'''''' oh
~ addtt,o,, to tha .hroo ,,,o s
,hnye ,ha oIarn ~ e ,aaa e 90 Saies % no.eo
Tons d,ring % tha fas, ooo ouoog ~ =, rans stS
Inrn,ysd Ne nea, go, q, aae ,sn snon,i. M
@ imnoiyeS ,eS m ,n .nis Week totai OF iSo sales