The Washington times., 1912-02-17
Consideration in Two Sales
More Than Hundred
Thousand Dollars.
TWO TRANSACTIONS
THE DAILY INCREASE
Advance of Half Million Shown
in Loans, Majority Be-
ing Straight.

A quick recovery from the depression
OF the previous week is noted in a
review of the realty market during the
past six days. AS a result of the re-
newed activity on the part of the
brokers. the third week of February
loutranks its two predecessors. Two
sales were closed during the week in
which the consideration exceeded $780, =
200, and several were made at a price
tover $4,000. An increase of more than
$50 per cent is noticeable in the volume
sof bushes traded in, and the figures in
the loan market. for the first time dur
ing the month, surpassed the million
'dollAr mark.
The most interesting sale of the week
was closed yesterday, when the trustees
OF All Souls Church, the Unitarian
house of worship, which President Taft
attends, took title to about 1000 feet
of ground on the east side of Sixteenth
street, just north of r street The
property is adjacent to the new Scot
tish Rite temple, and cost about IS per
square foot. The exact consideration
was $101, $50. The church people had ed
.termined to remove from the present
site at Fourteenth and L streets to the
corner OF Vermont avenue and K
street. But this latter site has been
abandoned and a new church is ex-
pected to arise shortly on the newly
purchased ground.
Largest Sale of Week.
The largest sale of the week involved
premises 1929 r street northwest pur-
chased by Giles F. Heilprin at a figure
said to be $12S, 600 More than 500 900 is
involved in the purchase and improv> e
ment of two original lots in square 231,
In Fourteenth street southwest, directly
opposite the Bureau of Engraving and
Printing. A nine-story building for use
of the Department OF Agriculture viii
be erected by the Western Investment
Company, which took title to the land.
Other business section sales closed
during the past six days included S03
sos, S07, Ninth street northwest, 81
Tenth street northwest. l23 Pennsyl-
Vania avenue northwest, and 1117 Four
teenth street northwest.
A lease OF the southwest corner OF
Fourteenth and G streets northwest
was executed during the week by Will
liam ]. Dante, trustee of the Stilsor
Hutchins estate to the United Cigar
Stores Company. Because of the lease
Of the corner Of Fifteenth and New
York avenue to the Baltimore and Ohio
Railroad Company the tobacco concern
had to GEEK other quarters. The lease
Is for five years at an annual renta
make extensive repairs to the property
A1duSdStlOho
A daily increase of two transactions
Is shown this week over the record OF
twenty-one daily sales closed in the
second week of February. A total OF
139 transactions were consummated az
compared with 126 sales closed in tht
previous week. Involved in tins weeks
transactions were 329 lots and parcels
Of real estate. The purchase of ninety.
four lots in American University
Heights swelled the sales of outlyIns
suburban property to 103 parcels, near
~ half the business of the week.
Land in the northwest was next IL
demand and fifty-nine lots changed
owners in this section. The near-urbar
district was close at hand with a tota
of fifty lots conveyed. The southeas
was next with twenty-cight lots sold
and the southwest again pushed the
northeast section into last place by
showing twenty lots sold to nineteen IL
the eastern section.
An advance of more than $500,OO0 II
shown In the loan market this wecl
over the figures for the preceding si'
days. The exact total of loans wa
$l,0S9, )29.9O. borrowed on the securit!
of go lots at an average interest rat
Of Sc per cent.
The bulk of the weeks business wa
in the northwest, where the loans ag
was pledged for $227.496. the total o
loans in the other city sections wa
southwest, S92, $50: northeast, $52 3I5
and southeast, $S9,O25.
The ma jorlty of .he money place.
during the week was in straight loan
which amounted to 1854, 74O. The sun
Of all the notes given for deferred pur
chase money was $324.6 so. The build
ing associations advanced to member
S70,1oO.