The Washington times., 1912-04-06
TWO NEW RECORDS
ALREADY HUNG UP
IN LOCAL REALTY
First Week of April Shows
Big Increase in
fkl. Sales.
HAYDEN SALE WAS
THE LARGEST MADE
Two Loans on Property Show
Total Amount Of
$7S3,0S4.


launched auspiciously this week with
the hanging UP of two new records for
l912 The number of transactions conf
pleted during the past six days ex-
celled the record of any previous week
of the year. Tuesday. April .. set
high mark for the year, with a record
of thirty-sevcn sales.
The daily average of closed sales this
week Is one point ahead of the cores
ponding week of 1911. although in the
number OF lots involved in the weeks
trading last year has to its credit 2G6
against 255 lots transferred this week.
THE first week of April, 1911, also
showed an advance over the same
period of 1910.
In the records of the office of the
Recorder of Deeds is also seen the
gradual increase from year to year in
the number of transactions effected by
the brokers. During the first week of
April, 1910, SIG papers were offered for
record; 544 in the corresponding week of
1911, and $50 in the past six days.
Twenty sales were closed in the first
week of April in excess of the business
,of the last week of March. The pre-
yious week, however, surpassed in the
loan market, the figures for the past
weeks record. The volume of trading
lalso eXcelled this week, showing an IN
Grease of thirty-five lots over the activ-
hty Of the preceding week.
The Largest Transaction.
The largest transaction Of the week
Involved the sale of the Hayden stores
at Tenth and + streets northwest to
abraham Eisenberg, of Baltimore. The
consideration for the transfer from the
Hayden Company to Mr.. Eisenberg does
mot appear in the deed, but the prop
Ierties involved, when purchased by the
company in 1910, cost nearly $1,000 The
TO 93S F street from Stilson Hutchins
for $115,000. The company also secured
from Mr.. Hutchins the business block
from 523 to 529 Tenth street at a re-
corner property the estate of Hugo Zie-
Imam received $4,000. Whether the
Hayden Company secured any advance
lover these prices in its sale to the
Baltimore merchant is not disclosed by
the record.
The near-urban district again secured
the lead in the record of sales for the
week, with total of eighty-eight lots
ranked second, with seventy parcels
transferred. Within the city proper the
northwest has fifty-one lots to its
credit. followed by the northeast, with
ItWenty-SeNcn safes. IneTe we're nlteeH
lots conveyed in the southeast and four
In the southwest.
The exact figures in the record of
loans this week were SISt,0S421. This
isum was borrowed on the security of
223 lots at an average interest rate of
i5iS per cent.
only three loans reported this week
Iexceeded the $4,000 mark. The largest
was for $150,oO0 and the next for $4,000.
Both were secured on land in the north
west The third. which was for $4,000.
was borrowed on the property OF the
Auth Provision Company in South
Washington.
Loan On Chase Property.
The loan of $150OOO was made by the
American Security and Trust Company
to PIimpton' B. Chase on the property
Iopposite the Municipal building, where
Mr.. Chase intended to erect a theater
before he closed with the Riggs estate
for the lease of his new theater at
Fifteenth and G streets The loan of
ls90 600 was made by attorney George
&C. Gertman. representing the Penn Mu-
ltual Life Insurance Company of Phila-
Idelphia, to the Gladstone apartment
house and is secured on the Gladstone
Apartments. =,
! THESE two large loans helped to swell
Ithc total secured on northwest prop
lerty and placed that section in the lead
for the week, with a total OF $Ss"9So
n .oans on county property aggregated
$a2e 242.91. The record of loans in the
other city sections shows: Southwest,
$500: northeast, $529ll.S and south
east, $4,000.
Straight loans had the lionis share
.,of the weeks business with an aggre-
gate OF 1921, 2O4. The building association
advances crowded the purchase money
total into last place. The advances
a mounted to s9l.SOO, while the sum OF
ali the notes given for deferred pur-
chase money was $O0SO.A