The Washington times., 1912-03-23
Four Sales Closed With an
Aggregate Consideration
of 81, 100000.
COUNTRY PROPERTY
is MUCH DEALT IN
Increased Activity In Loans.
Northwest Second In Number
Of Transactions.

spring trading began with a rush this
week. -Four sales were closed in which
the aggregate consideration exceeded
N,OOOOOO, the total of loans was but lit
lie short of a million, the volume of
business more than doubled the preced-
ing six days, and the daily average of
completed transactions jumped five
points over the record for the previous
week. The third week of March has
been, indeed, a busy week among the
brokers.
The records of the office of the Re-
corder OF Deeds is sure barometer of
shows its slightest variations. One has
only to look at the number Of papers
hled this week to see that the spring
rush has begun In earnest The activ-
the opening of spring. despite its earlier
arrival due to the leap year. March 10
began the spring activity in the record
ofhce, when total of 1S5 papers was
only once in 1912, and then by only four
papers. Each day of the week since
tuesday has seen more than 100 papers
offered for record. The total for the
striking increase when compared with
the total of $50 papers recorded in the
corresponding week of 1911.
Brokers Close 166 Sales.
The brokers closed 1S6 sales this week
involving eos lots and parcels of real es-
tate. Reference to the preceding week s
record of 134 transactions and 2O2 lots
sold, shows how the efforts of the
brokers have been rewarded. Country
property figured extensively in the
weeks business. The outlying suburbs
furnished 4S4 parcels out of the week $
total. An increase in demand for prop
tion into second place in the record of
sales, A total OF siXty-two lots were
transferred in this section.
The near-urban district ranked third,
With forty-three sales to its credit.
There were twenty-siX lots conveyed in
the northeast and twenty-four in the
southeast. Nine lots changed owners
, in the southwest.
The large sales of the week include
the Kenois office building, at Eleventh
and G streets northwest, and the
Brighton apartments, at 2l2S California
avenue. Mrs. Henrietta NJ. Halliday
became the owner of the apartments
and Harry Wardman and Thomas p
Bones took over the office building. An
other important sale involved the new
Tredonia Hotel, on II street, between
Thirteenth and Fourteenth streets,
which was conveyed to Alvin G. Belt,
who Is understood to represent an out
of-town purchaser whose name has not
been disclosed Still another notable sale
affected the property at Connecticut
avenue and Dupont circle, on the east
side OF the avenue. The purchase is re-
ported to be in the interest Of the United
States Trust Company. which is expect
ed to locate its branch bank on the site
after extensive alterations to the prop
erty.
Christian Heurich took title yesterday
10 premises 1921 to 1925 Pennsylvania
avenue northwest and 1908 to 1914
street northwest. The property was pur-
chased by him last year, but title was
held by Louis p. keyser. The change
in the personnel of the firm of w. r.
,1Iibbs e. Co. caused a conveyance of the
IIibbs building, at 721 Fifteenth street
northwest. w. r. Hibbs and Clarence
Moore. the former partners, transferred
the property of Woodbury. Blair, trus-
tee. Mr.. Blair Immediately reconVeyed
the building to w. B. Hibbs, Clarence
Moore, and William w. Spaid. Mr..
Spaid has recently entered the firm.
Increase in Loans.
An increase of nearly $4,000 is shown
this week in the record of loans as COM
market during the preceding six days.
Tho exact figures for the week are
s942, ,4SS.S2 borrowed on the security of
7o6 lots at an average interest rate of
6.6 per cent.
More than half the amount was in
straight loans, the total of such trans
actions being $547, ,076S1. The sum OF all
the notes given for deferred purchase
money was $3.50, ,99l.51. The output OF
the building associations was Sill, 400.
Country property was pledged for a
total of $49S, ,754.66. Owners of northwest
property secured $343, 3l5.66. The record
If loans in the other city sections was;
Northeast, $1,000; southwest, $24,27S
. and southeast $1S,10O.