The Washington times., 1912-12-21
REALTY MARKET IS
LESS ACTIVE As
1. CHRISTMAS NEARS
Sales Less Than During Cor.
responding Week Of
4 Last Year.
LIST INCLUDES HIGH
GRADE PROPERTIES
Suburban Sections Lead In Activ.
ity-Loans Advanced $3.50, 900
Over Preceding Week.

While the quality Of the realty opera.
tons Of the past week was superior to
that Of the second week Of December.
and the volume OF trading slightly in
excess. no Improvement was evidenced
In the number Of transactions reach
ing the record stage. The third week
OF December saw the closing Of ex.
actly the same number of sales a.
marked the efforts Of the brokers in
the preceding six days There were Ia
transactions effected In each week. Six
more lots. however. were sold than In
the second week Of the month.
The attention Of investors this month
1sens to be centered on the Christmas
shopping. and despite the invitations Of
several operators to add q house and
lot to the Christmas list, realty trading
was unable to cope successfully with
the toy and gift departments Of the
This opposition to realty investments
was not 70 strong during the CORE.
spending period Of last year. A glimpse
at. the record of the third week Of Dc.
cember. 1911. discloses thst lN trans.
actions were consummated-a marked
disparity from the inactivity Of the past
week. -.
=. Big Properties Change Hands.
Several high-priced properties changed
owners during the past six days. The
chief sales involved the exchange Of
holdings effected by Emmons 9. Smith
and James Sharp. The properties In.
volved were the old Ohio Bank building
at Twelfth and q streets northwest,
now occupied by the Reclamation Serv-
Ice Of the Government. and premises
IUk n nd knt nd
to 8. Kann's Sons Co. and formerly
occupied by Mr.. Smith when he con.
ducted the Boston Variety store. Mr..
Smith became the owner OF the @ street
p5CIssrty nan and h,;Sdn,! M Sharp took the
The price paid for each building was
about 1900. The q street property was
subject to q trust for si25.0W. Mr..
smith took trust for q similar amount
from Mr.; Sharp on the building in
More than han 100000 is involved in the
transfer Of the property AZ Vermont
avenue and l. street northwest. from
Issde O.. Cugle to James H. Cooisy.
" Tie &. transfer i' subject to . trust for
Harry wardman sold another Of his
e street apartments during the week.
The purchaser II Jessie O. CuEle. who
assumed trust Of $i0.000 on the prop
erty. The consideration is not stated.
street between Fourteenth and FIJI
Ath streets.
Slight Increase In Volume.
yer business property included in
leck's transfers was Eleventh and
eets northwest. purchased Of Jor-
Go. by julius I. Psyscr: 737 Sev-
et northwest. transferred by
becca Alexander to Louise r.
w11t. bought by Wilbur F. Nash. and
go Fourteenth street northwest. con-
veyed by Harry T. Rosenheim to the
executors OF the late Fred. 0atchell.
w. Murray Baechtel. who recently
bought the Natche. Apartment at iHo
title this week to corporation known
a the Murray Apartment Company.
The volume of trading for the past
week IL slightly In excess Of the pre-
ssdns six days ~ Iot. ana s n.resis Of
The suburban sections led the market
With total Of 'sixty-nine parcels con:
vsyed The northwesft IT,, wa: ~ y second rSnra
vas Q marked decline In sales within
the near urban district, only twenty-five
let's changing owners there. Twelve
iote were sold in the northeast. eleven
IN tN6 bOutu6dSts anu hin III tho sousN,
west.
Advance in Money Market.
An advance Of more than SsaO.ooo Is
seen this week In the money market
over the loan business Of the preceding
six days. More than 10000 Of the in
crease IL found In the matter OF de-
ferrcd purchase money trusts. Straight
loans and advances from building as
suclxtiors also evidenced gains over the
record Of the previous week.
The exact figures in the loan market
this week we're S6:S. .b34.H. borrowed on
the security OF 308 lots. The average
interest rate was 81 per cent.
Straight loans predominated again
This week. having an aggresate of
S?fS,1Sl. .O6. The sum Of all the notes
given for deferred purchase money was
siS2.<2a3S. The output OF the building
associations was }S7,96O
Northwest property was most favor.
ed this week AZ security for loans,
showing . total OF $306. 1913. County
property was pledged for $50 220 l6. The
record OF loans In the other city sec-
&32,62SI3. and southwest, S13,20O.