The Washington times., 1912-05-25
NEW RECORD MADE
! BY REALTY DEALS
DURING LAST WEEK
Despite Unfavorable Condi-
tions Brokers Are Most
Successful.
SELLING FOR DAY
PASSES OLD MARK
lForty-three Sales Reported as
Result of Activity Yester-
>, day Alone.

| Record-breaking activity continued in
local realty operations during the third
week OF May, which closed today. The
years record for a single days selling,
set last week at thirty-nine transactions.
was excelled yesterday, and a new
mark of forty-three sales closed In one
day established. This figure will be sur
passed, the brokers' expect, as the sea-
sons business develops under continued
sunshine and warmer weather condi-
tons.
1t has taken almost superhuman eff
forts on the part of the brokers to keep
tAe record Of sales not only UP to last
years standard. but ever to establish
new records in the face Of the rains
and continued GOODNESS. Suburban lot
selling requires warm weather, and It Is
largely in this section that the brokers
make the most sales in May and June.
An increase Of eleven sales is noted in
a comparison Of this weeks business
with the corresponding period of May,
1911. AS to the volume of trading in
the same two periods, the present week
shows an advance Of 112 lots over the
number changing hands at this time
last year. While evidencing a marked
improvement over last years activity,
the record this week falls fifteen sales
short OF the previous days, and Is fifty
seven behind in the total number of lots
sold.
Three Good Days.
Although Friday was the banner day
OF the week, Monday and Thursday both
show good returns. Thirty-flve sales
were closed on Monday and thirty-four
Thursday. The closing of only twelve
sales on one day of the week brought
the average down, and seriously at
fected the weeks total. Included in the
173 sales closed this week were involved
BAT lots and parcels of real estate.
The near-urbaB section took first place
this week in the number of lots con-
veyed. with total Of 1O3. The outlying
suburban sections ranked next, with
ninety-four parcels transferred. Within
the city proper the northwest equaled
the activity in the three other sections.
with seventy-five sales. The transfers
IN these latter sections were distributed
as follows: Southeast, forty-five;
northeast seventeen, and southwest,
thirteen
The principal sale of the week in the
business section in volved premises 42S
Seventh street northwest, purchased by
ILansburgh q Bro. from Simon Oppen-
heimer, through Robert R. Mahorney.
= L,
lMahorney. and by him transferred to
the corporation of Lansburgh & Bro.
This property, as well as the adjoining
building 430 Seventh street northwest,
which has been leased by the company,
Will be Incorporated with the present
business block controlled by the firm
of Lansburgh.
The United States Trust COMPANY
took title during the week to its recent
purchase Of 1a7 Connecticut avenue
northwest. at the junction of, the avenue
and Dupont circle. Here branch bank
Will probably be located in the near fu-
ture. Mrs. Clara S. Hyatt, who con-
ducts the Lincoln Hotel, purchased the
interest Of her unfortunate, husband,
who was recently adjudged insane. in
the property at 74o Tenth street north
west. which the husband and wife
owned Jointly. The National Savings
and Trust Company, as committee Of
the husband. signed the deed of trans
fer. The property is adjacent to the
Drop in Loans.
drop of 100000 is seen in the loan
market this week, as compared with the
figures for the preceding six days. The
exact figures this week are $627 ST.. Il,
borrowed on the security of 344 lots at
an average interest rate of 81 per cent
Straight loans are in the lead of the
market. with an aggregate of $3.50, ,3o2 g.
The sum of all the notes given for de-
ferred purchase money was $19S, ,669 40.
The output of the building associations
was $7S,600
County property proves the most in
demad as a basis of security this week
Loans to the extent OF $S20, 0,O44O2 were
made on land in this section. The
northwest came next, with total of
$2ls,5O5. The record of loans in the
other sections is: Northeast. $43,572 rs;
southeast. $35, 800; southwest, 50, $50.
TTTIYY OrNr -n~ w