The Washington times., 1912-06-01
REALTY TRANSFERS
IN MAY FAIL TO
SET NEW RECORD
Volume of Business This
Spring Below That of
= Last Year.
DEARTH OF LARGE
DEALS THE CAUSE
May Does Not Keep Up Pace Set
In March and April-Trans-
actions of Week.

The spring season Of 1912 in realty
operations, while most gratifying to the
brokers'. did not establish a new record.
The total Investments in the purchase
OF and loans on local real estate during
the months Of March, April, and May
aggregated s16.75o,0O0. This sum falls
short of the total investments during
the spring of 1911 by about $3.50, 900.
This shortage is due to the failure of
the brokers to realize their expectations
during the month of May, and a COM
parison of the investments of this
month with those of May, 1911, shows a
discrepancy of $1,000, 900, the figures for
the month Just closed being IS. .0e0, 900, as
compared with 100000 in May, 1911.
The business of March and April Is thus
shown to have exceeded that Of 1911 by
s65o,O0o.
The dearth Of sales Of large consid-
GRAFTON is responsible for the failure to
reach big figure for the months busi-
ness. as the total number Of transac-
tions effected and the volume of trading
snow the brokers to have been kept
busy throughout the month. There were
closed 655 transactions, an average of
twenty-five sales for each Of the twen-
ty-six working days. Involved in the
trading for the month were LBS lots
and parcels of real estate.
The Memorial Day holiday reduced
the past week to five working days. and
in these days the brokers sustained a
daily average of twenty-eight sales,
showing total of 142 transactions
closed. In the trading for the week
were involved 2o7 lots.
Busy In Northwest.
The near-urban district continued in
the van of the weeks trading, with
total of sixty-seven lots transferred.
The northwest section forced the out
lying suburbs out of second place with
forty eight lots to its credit, while only
forty-six parcels changed owners in the
suburban section. The northeast re-
ports twenty lots transferred, while the
southeast and southwest are tied for
last place with thirteen sales each.
The largest deal closed this week in
volved the purchase by Frank Walter
Of the De Moll building, at Twelfth and
G streets northwest. AS part considera-
t1on Mr.. Walter conveyed to Walter r.
and Walcott Tuckerman premises 722
Thirteenth street northwest Other
business section property changing own
ers were 729 and 73l Eleventh street
northwest and 922 New York avenue
northwest.
Simon and Gustave Oppenheimer, who
have Jointly conducted realty opera
tfons for many years, made partition
Of their holdings during the week. In
northwest fell to Simon Oppenheimer
and the recently improved property at
Eighth and e streets went to the
brother, Gustave Oppenheimer.
Theater Lease Recorded.
An interesting lease of property was
recorded yesterday The Mayer AnIusc-
nient Company rented the Casino Thea
ter, near Seventh and streets north
west to the Columbia Corporation. Of
which S. Gnlesh is president, for a
term of four years and three months.
For the first three months the rent will
he s3,00. Beginning next September
the rental for the first year will be
S;3,N0. The second years rent is to
siss. IS a'''"' and the 0'"er Two years sA0A'
4 sharp decline is noted in the money
market this week, where the figures
dropped to $57S,335. This sum was bor-
rowed on the security of 1852 lots. The
average interest rate remained at 51e
per cent.
Straight loans had decidedly the ,all
cn the market. reaching tota of s42o :
900. The sum of all the notes given
for deferred purchase money was Sll3,-
~ The output of the building assocla-
tinns tNtale,l Ai,6n0
Property in the northwest proved the
most suuSht as security for loans The
t1tal borrowed on land in this section
was S260925. County property was next
jn demand, loans of this character
R;no' nting to Sn,1s5; The record of
loans IN the other city sections was:
Northeast. At.)o0, southeast. $22.750:
Southwest, $S,i25.