The Washington times., 1912-02-24
INCREASED NUMBER
OF LOTS DISPOSED
OF DURING WEEK
Realty Market Shows No
~ lll-Effects of
lets Holiday.
SEVERAL DEALS IN
BUSINESS SECTION
Slump in Loans-Activity in
Suburbs Is Sign of
(. Spring.

The real estate market suffered no
ill-cffects from the abbreviated week
due to the general observance of the
Washington Birthday holiday among
the brokers. The activity usually
spread over week was contracted
into five working days and as a re-
suit the review of the weeks bust
ness shows an increase of more than
100 lots sold this week over the vol
ume of business traded in during the
previous six days The number of
transactions, however, is eight less
than in the second week of the
month. The brokers, closed 131 sales
IN the short week as compared with
139 in the preceding one.
The approach of spring is heralded
by the increased activity displayed
this week in the outlying suburban
sections. Increased demand for
property of this character is a har-
binger of springtime almost as in
fallible as the return of the swal-
lows. The volume of business done
In suburban property this week near
ly doubled the number of parcels
sold in that section during the pre-
ceding six days.
Activity in Suburbs.
A total of 295 parcels of realty
changed owners this week in the
outlying suburban section, out of a
total of 4S4 lots conveyed through
out the District. The near urban
section was in second place with an
aggregate of 62 lots transferred. The
northwest led the city sections with
total of 40 lots sold. There were
"a conveyances of land in the north
east, twelve lots were sold in the
southeast and new owner was found
Tor one lot in the southwest.
Inere was q dearth of largo con-
slderat1ons in the sales closed this
week. Several sales, however. of
business properties were recorded at
hgures indicating the continued de-
mand for well located business sites.
TWO ne" theatrical ventures are to
ne I3cated ted on property purchased this
pany paid $4,000 for the two stores.
419 and 421 Ninth street adjoining
the Imperial Theater. Yesterday was
Tecorded the sal of premises 438
Ninth street northwest, which is con-
sldered to be portion of the land
TO be acquired for the new Lyceum
near Ninth and E streets. For this
property Joseph Herzog paid $40, 900
Other Property Changes.
Other business property purchased
this week included 734 Seventh street
northwest, bought by Edward Kohn-
Ell from Anna Harrison and Others
and house on Twelfth street north
west between G and II streets, con-
Neyed by Harry G. Laycock to Aleyn
A. Fisher. Neither consideration is
stated in the record.
Harry Wardman and Thomas Bones
nave in contemplation an addition tc
their remarkable development of High.
view, along Rhode Island avenue
northeast They bought yesterday from
DANIEL Doody. twenty-five lots in this
subdivision which, it is expected, then
VIII shortly improve with the same
class of dwellings as marked thril
former operations in this locality.
Lewis +. Breuninger will improve the
property at the corner of Thirteenth
street and Park Road. recently pur
chased from the Academy of the Sacred
Heart of Mary, when the latter secured
the Schneider property near Sixteentf
street and Park Road, for its new
school Mr.. Breuninger secured this
week building loans amounting to $50
W on this property, which he has sub,
divided.
Decline in Loans.
The activity which prevailed in the
sales department did not reach the loaT
market this week. There was a sharr
decline in loans from the $1,000. 900 re
ported last week to a daily output O,
less than 800 900. The exact figures fol-
the weeks business are $431, ,12435, Dor
roWed on the security of 1913 lots. The
average interest rate remained a
SO per cent.
More than half the money borrowed
vas in straight loans which amounted
s25I.22S.6i. The sum of all the notes
given for deferred purchase money wa.
$%,1i5.n. The output of the buildinl
associations was $3.50
AS county property figured so eXten
sively in the weeks sales it NATURAL,
led the loan market. Property of thi.
character was pledged this week for 6
total of $22S, 039. %. The northwest ranked
second in the matter of loans with Z
total of Sl71,049.43. The record OF loanl
in the other city sections is Northeast
$2S, $3.50; southeast, $500; southwest
s1,5O6.