The Washington herald., 1912-07-21
FINANCE AND REALTY

lflNANCE ANDkEALTI
Saturday being a business haif-holiday.
the Washington Stock Exchange held no
session yesterday.
Residence Property Sold.
Sale Of the residence 1s2s Massachu-
sets Avenue Northwest by Mrs. Eliza
Hutchins to James F. McGhee was re-
ported yesterday. The purchaser will re-
model and improve the property. it was
said. The price was not made public.
The transaction was made through the
ONCE of F. B. Poe.
In point of numbeS of sales effected.
last week was the banner one for July
In the real estate world. The transac-
tions numbered liz, whereas during the
preceding week there were 1Ss, and dur
ing the first week 162. Last Wednesday
was a most remarkable day. forty-seven
sales being recorded. Although the num-
ber of transactions for the week was
rather large. the amounts involved In the
sales were not above the average.
Harriet Holther. VINO holds the prop
erty of an undisclosed investor, made the
most Important purchases during the last
six days. They include the corner of
Seventeenth and Streets Northwest, the
premises at $40 Seventeenth Street, and
the properties at Seventeenth and
Streets. The consideration in the sale OF
the first-named property was Sl05,0oo. II
was bought Of the American Security
and Trust Company. acting as trustees
Of the estate Of Anthony Pollok. The
structure on the site will probably be
remodeled for business purposes.
The property at Seventeenth and X
Streets was sold by Joseph T. johnson.
The consideration was not made public,
but a deed of trust for $4,000 was re-
corded in connection with the transac-
tion.
week was for projects in the Northwest
section. The loans for this section
amounted to S3s5.s4s For the development
of county property se57,s75.13 was bor-
rowed.
Loans in the northeast amounted TO
ssi rs: in the southeast, 21.55o. and in the
southwest. S1.4oo The total loans
with a total of S410,71993. Notes given for
deferred purchase money totaled $l75.-
$3.50. The building associations loaned
out 81, 200.
Leases Winston Hotel.
The winston Hotel. located at 11o-1ls
First Street Northwest, has been leased
by Howard ]. Spates. who FOR twelve |
years has been connected with the man. |
agement of Haddon Hall at Atlantic |
City, n. ]. The local hotel will be man.
aged much after the fashion OF the sea- |
side hostelry.
To Transfer Property.
Negotiations were completed yesterday |
'or the transfer of the business property !
II so4 Seventh Street Northwest to a |
ocal business man whose name is being |
Kept secret. The consideration was $40 |
co. The deal was made by the s. Col
ienberg Realty Company. The property |
Mas owned by the Hodkin estate.
Build New Houses.
Thirteen new houses were started last
week by Kennedy Brothers. on the tract
,ounded by Sixth, Seventh. D. and Z
streets and Maryland Avenue Northeast.
rhe buildings now under construction are \
n Lexington Street, which runs east and \
vest through the tract. The DEVELOPMENT l.
II the territory will be completed this 1
ear. The houses will number about u.s.
senator Smith Buys Residence.
The residence formerly owned by Mrs.
Garland. at MI California Ave
iue Northwest, has been purchased by
senator Hoke Smith OF Georgia. The
property has a frontage of 30 feet and
! depth of Is feet. 1t is generally bel
ieved that the consideration. which has
lot been formally announced. was In
he neighborhood of $4,000. Thomas J.
fisher & Co. transacted the deal Sem
xri1 ha
lence.
3uys Business Property.
James W. Bellar has purchased the
BUSINESS property at 9l6 F Street North
vest. The sale was made by Thomas ].
Usher & Co. in connection with the +.
Smith Co. The building was owned
y Brainard H. Warner.
reports Many Sales.
The following were among the trans
ctions closed last week by Thomas J.
Usher & Co., Inc:
For Thomas Armat to Mrs. Louisa L.
l. Hepburn, the residence at 1926 Wy
ming Avenue. The price paid was about
\. 900.
To Horace Westcott. the residence at
7l3 I Street Northwest. formerly owned
y Georgetown College. The property
onsists of a four-story brick dwelling, ,
sixteen rooms. Extensive i'm |
rovements will be made to 1t.
To Robert b. Watkins, the residence at
lOs Thirty-first Street Northwest, from |
William Stockton, of Philadelphia. The
rice paid was about $4,000. {
To Wallace Green. for ]. W. McNeill,
le nine-room dwelling at a24 Hillyer ,
lace.
To Hoyt S. Gale, for Cooper C. Light I
own, the detached dwelling at 3s0S Jo- 1
elyn Street, Chevy Chase Heights. The
rice paid was about $500.
To Herbert w. T. Jenner. the six-room !
rick dwelling formerly owned by H p. \
[uddleson at 1873 Florida Avenue The
was $3.50.
eases Richmond Hotel.
clifford M. Lewis has leased the Ho-
i Richmond. Seventeenth and H N
treets Northwest, for period Of five
ears from Edward H. Everett, owner A
the property. The agreement fixes N
lie total rental at 100000 and pro-