The Washington times., 1912-05-11
RECORD FOR DAYS
: ACTIVITY IN REAL
(. ESTATE MARKET
Total Business for the Six
Days Shows Decline,
~ However.
MORE THAN $50
SALES REPORTED
Loans Reach the Total Of
$49s, s,l63.s4, a Large Fall
q ing Off.

The record mark for a days activity
In 1912 was again equaled this week
when on Thursday the brokers sue
Iceeded in closing thirty-eight transac-
ltions. The business of the other five
days, however, made unsuccessful at
tempts to rival this activity, and when
the total of the weeks work among the
brokers is computed the figures show a
decline from the high mark usually at
tained at this season Of the year.
Monday was the next best day of the
week, when twenty-six sales were COM
pleted. Friday-usually one of the
busiest days-saw only twenty-four
sales closed. There were twenty-five
deals concluded Wednesday, and twen-
ty-one each on Tuesday and Saturday.
The usual May activity in suburban
property buying has not yet put
in its appearance. Its tardiness is
no doubt due largely to unsettled
weather condition. When this activity
develops, as it is expected to do shortly,
the number of daily sales will be in
creased.
Purchasers this week sought property
nearer the city and the near-urban dis
Itriot is found to have the lead in the
weeks sales by a comfortable margin.
There were siXty-nine sales consum-
mated in this area which Immediately
Iadjoins the old city limits. The outly-
tng suburbs are found in second place,
with a total of fifty-eight parcels con-
Iveyed.
Northwest Lots Sold.
Within the city limits more lots were
sold in the northwest than in the other
three sections combined. The aggregate
of lots transferred in the northwest was
fifty-one, while in the northeast there
were twenty-seven lots conveyed, thir-
teen in the southeast, and nine in the
southwest.
Included in the 152 sales effected this
week were 227 lots and parcels of real
estate. During the corresponding period
of 1911 total of 16S deals were closed,
comprising 253 lots. This comparison
shows the decrease to be only two sales
per day from last years figures. The
decline this week appears more marked
because of the activity of the previous
week-the best in the year. both In the
number of sales effected and in the
volume of trading.
An interesting transfer of the week
was the deed of gift by which the Night
Lodging House Association. private
corporation, conveyed to the District o.
northwest. adjoining the First precinct
police station. BY special act of Con
gress the District was authorized to &C
cept a transfer of this property free OF
lance by the municipal authorities of thu
night lodging house work as previously
conducted by the association.
Trustee Appointed
Justice Wright, of the District Su
preme Court. yesterday appointed Mrs
Elizabeth Ashton Wilson, wife of Unit
ed States Attorney Wilson, as trustee t
convey the former residence of he
father, the late Gen. ]. Hubley Ashton
8. at 1TSO Massachusetts avenue northwest
The property was recently sold b
Story & Cobb realty brokers, to Mel
willie e. Ingalls, for $4,000, subject t
the approval of the court, made neces
sary because Of a contingent interes
in the daughter Of Mr.. and Mrs. VIII
son. Justice Wright, in directing tn
sale, authorized the acceptance of $25 5,OC
cash and a trust for $4,000, payable i
ffve years.
The only business section sale note
this week was closed yesterday. 1t in
volved premises 12 Seventh stree
northwest. purchased by William Baur
from Perry B. Turpin, trustee. The eS
act consideration is not naped, but
deferred purchase money trust fo
s24,5 500 was given by the purchaser.
Considerable shrinKage is shown !
the figures of the loan market thi
week. The total of loans made wa
S49S 1854, borrowed on the security {
1SS lots at an average interest rate {
5Ia per cent.
The bulk of the weeks business wa
in straight loans, which aggregate
S33l, ST. So The sum of all the note
given for deferred purchase money wa
S1e1, ,792. 81 Building associations az
Vanced to members $64, 800.
There was a close race between II
northwest and county sections fC
precedence in the loan market, the fo
and the latter for S227,4l3S4. The re-
ord of loans in the other city section
was: Northeast $16,315; southeas
Sl4,G20; southwest, $500