The Washington times., 1912-01-13
REALTY SALES FOR
week GOODO DESPITE
STORMY WEATHER
Daily Average of Twenty
Transfers Regarded as
Satisfactory.
MONEY MARKET
UNUSUALLY ACTIVE
Harry Wardman and Thomas p.
Bones Borrow $4,000 To
Use In Building.


satisfactory best expresses the con-
oition OF the realty market during the
second week OF January. with deep
inahue OF snow enshrouding the city
throughout the week and the sale OF
real estate was not easy, and when a
review OF the operations Of the brokers
during the past six days shows the
sales the brokers consider thew have
done as well as could be expected.
While the weather handjcapped the
closing of sales and impeded negotia-
money market was active. and the VOL
ume Of business In loans was far he
yond the average. The total of loans
for the week reached $S46, 3e1. o. In adj.
corded trust Of $5O,0 600 placed BY the
Carter Motor Car Corporation on all its
property. which is principally located
at Hyattsville.
The feature of the week in the loan
market was In the operations of Harry
Wardman and Thomas p. Bones, who
borrowed in one day nearly $4,000 for
the carrying on Of their extensive build
Ing operations. One loan for $50,0 900 was
obtained on one Of the new apart
ments, a series Of which have been
built on the south side of r street be-
tween Fourteenth and Fifteenth streets.
The other loan was for $51 ,760. This sum
is made up of a series of small loans
of s., 100, 2,250 and $500 each, secured on
a number of houses being built on the
property known as Highview..
Coincidence in Loan.
A coincidence of the latter loan il
that It is secured on property, the pur-
chase Of which was noted as one of the
features of this review in the cor
responding week Of January, 1911, when
in selling the Cavendish apartments,
wardman and Bones took over a num-
Der Of lots in this subdivision in part
payment. Many of the other lots in
cluded in this trade have been improved
and sold.
yere recorded during the week and
strangely enough both were in the same
square. Randolph T. Warwick sold the
old McGill Printing Office property at
ner. Charlotte Haden transferred to
william III. Turton the two houses at
5O7 and 50. Twelfth street northwest
near the Columbia Theater. to William
H. Turton; The consideration was not
In the total of 119 transactions consu.
mated during the week were involved
206 lots and parcels of real estate; The
| market in the face Of weather con-
ditions, with total OF seventy nine
| narcels conveyed. The near-urban dis
trict ranked second with forty-four lots
| transferred.
| Northwest Leads.
There was no loan negotiated this
week on the security of property IN
/ Southwest Washington. Every other
section of the city was included In the
total of s646, 36l.O OF borrowed in the past
six DAYS. To secure the repayment OF
this sum xG lots were encumbered. The
average interest rate was bh per cent.
| The hulk of the business in the mon
ey market was in straight loans which
ayrregated s464.106.47. The sum OF an
the notes given for deferred purchase
money was $10S, ,254.60 The building as
sociafions advanced to members $4,000
! County owners made the largest de-
mand on the market, borrowing 1885,
11.7s. Property in the morthwest wa
rowed $3l,0so in the northeast and W.
$40 on the security of land IN the
southeast.