The Washington times., 1912-06-08
Daily Average of Thirty,
With Years High Mark
4 Threatened One Day.
SUBURBAN DEALS
IN THE MAJORITY
largest Loan For Week Secured
Il BY Lyceum Theater
!; Property.

June selling Of real cstate started with
q rush, AMI during the first week the
brokers closed 1s1 transactions, sus-
tainirg 4 daily average of thirty sales
Tne years record for a days selling
was nearly reached on Tuesday, when
finty sales were closed. only three below
the high mark. Thirty-five trades were
Concluded yesterday. thlrtr-forr on
Thursday, and thirty-six on Monday.
A decline of activity on Wednesday
and Saturday alone prevented the week
from reaching 0rst place in rhe years s
record OF activity. 1t, however, has
been excelled but rarely III 1912. In
ch,ded in the lS1 transactions of the
week were ass lots AMI parcels of real
estate.
As predicted in this column, suburban
activity began in earnest this week and
as a result 24s parcels Of realty changed
owners in the outlying suburbs. The
nnar-urban district ranked second with
seventy lots to its credit. The north
wcst section was in third place this
transferred.
Dead Heat.
The northeast and southeast ran q
dead heat In the race for sales, each Sc
curing nineteen trades. There were four
lots sold in the southwest.
The purchase of the Evans store
Of the entire frontage on F street
from Tenth street to the alley in the
middle of the square and includes
1000. 1902, 1904, and 1905 street The
a lease to the Riker and Hegeman
Company, q New York drug f1rm.
which will succeed to the business OF
Henry Evans. The lease is for ten
rental Of $4,000 for the first FIVE years
and $4,000 for the remaining five years
Of the term.
Figures in Deal.
The Commercial Hotel property at
seventh street and Pennsylvania ave-
nue. northwest figured in the sales Of
the week. The heirs Of the Bacon estate
transferred the property to Bessie l.
Brown. The consideration in the deed
Is nominal.
The largest loan made during the
week was for $4,000 and was secured
on the Lyceum Theater property at
Eleventh and c streets northwest with
an entrance on the Avenue. A deed OF
sum to the Empire Circuit Company In
three years and three months was
placed on the property by the helrS OF
Phillippa Caulfeld through John c..
Head. trustee. The interest rate on the
loan was per cent
A trust OF $65, 900 payable in three
years at per cent interest was record I'd
Faris on the site of the new Postoffice
substetion on u street between Four
teenth and Fifteenth streets as before
mentioned
A slight increase is noted this week
in the loan market where the figures
reached 4509l.23 This sum was bor-
rowed on the security of $50 lots at an
average interest rate Of 5h per cent.
Straight loans had the lions share Of
the market with total of $42l, ,650.o6
The sum of all the notes given for de-
ferred purchase money was $ll5,59l. II.
The building associations met the in
creased demands from members which
aggregated $107,S
Land in the northwest proved the
most attractive as security for loans
and total Of $685., ,S52.4S was borrowed
in this section. County loans totalcd
1884, 1920. and the record of loans in
the other sections was: southeast,
ss7,7OO northeast $22,S476o. and south
west. $500.