The Washington times., 1912-09-21
NEAR-URBAN SALES
MAINTAIN LEAD IN
REAL ESTATE DEALS
One September Day Comes
Close to Years
:, n Record. (

A new record for September days
activity in local realty operations was
/ established this week. Last W.dnes-
! day witnessed the closing of forty-one
transa actions, a figure only six points
/ below the years record of forty-zeven
sales made on July II. The number
reached on Wednesday has been ex-
celled less than six times in 1872, even
during the busy selling period of the
year. .srs o..
A material decline in selling on two
days of the week prevented the MAX
Ing of a high total OF transactions for
the third week OF the month. AS It
was, the number of deays consummated
was 133. While slightly below the total
of the preceding week. the fisure is
/ well in advance OF the number of sales
effected In the first week of September.
There were involved 1877 lots and par
; cells o. real estate in the weeks trad
ing.
The near-urban section maintained
the lead of the market in the number
of lots transferred, having total OF
ffty-nine to it's credit; The northwest
II fell last week and is found In sec
ond place again thts week. having been
the scene OF forty nine sa}es, outStrip-
ping the combined sales In all the other
citV sections. The outlying suburban
tracts were in third r place with LOFTY foTsy-
teen lots transfe rred in the sou;heas.
and fifteen in the northeast. One sale
was reported In the southwest.
One Sale Downtown.
The downtown business section fur
nished Only one sale this week. Mar
Gus Notes sold to Walter III. Marlow
the store and dwelling at S1l E street
northwest The consideration given
was nominal.
BY deed filed on Thursday, the Wash
tnston Terminal Company conveyed to
the United States of America the right
TO connect the new Chy Posto1hce, now
in course OF erection at North 'Capitoi
and Massachusetts, avenue northeast.
with the Union Station by means OF a
bridge The bridge Is to span the new
street which separates the two struc-
lures and is to be operated SO long as
the. two buildings are used as postofhce
end railroad terminal, respectively.
The deed provides that should the
trucking OF mail matter through the
concourset of the Union station result In
going to and from trains, the terminal
compsny Is to designate a route for
trucking the mails between the two
buildings which shall be satisfactory TO
the Postmaster General The Govern
n.ent agrees to bear the expense of the
construction and maintenance of the
bridge and shall require OF Its con"
tractor a bond to indemnify the ter
sen or property which may occur dur
ing the prosecution OF and In connec-
ton with any work involved in the con-
struction Of the span.
The deed is signed by James .McCrea
6s president of the Washington Ter
ninal Company and by Robert o.
Bailey. Acting Secretary Of the Treas
l. Money Market Active.
The week 8 activity is especially noted
in the money market, where the figures
mcGe than doubled those of the preced-
ing week. The total loans reached $744,
s73.6.N This sum was borrowed on the
security of 13l lots at an average rate
OF Sc per cent.
An additional loan of 500 900 was Sc
cured curing the week by the Riggs
building. at Fifteenth and G. streets
northwest. Two rotes of 100000 each
were made payable to E. PcrcivaI vii.
son in ten years with interest at per
cent. In November. 1910. the company
encountered the property with a bond
issue of 100000 payable in thirty years
at per cent. The bond issue was
Security and Trust Company and the
Nation al Savings and Trust Company
The former corporation Is named AZ
trustee In thSe new deed Of trust.
The president and directors of George
town College hp1k title during the week
to the land on Sixth street northwest
near r street, ION which the addition. tc
the law departn sent of the university is
being erected. The land was bought
some months ago in the name of Hugh
J. Fegan. secretary of the law school
A loan of 800, ,00ts was secured on the
present law building and the newly &C.
quired property. The money was ad
vanced by the Union Trust Company
and Is payable in three years. with In
terest at per cent.
Loans On Real Estate.
The third largest lean of the weel
was for SO 600. This amount was Dor
rowed by the heirs of James S. Tophan
on his street property and a lot il
West lexington. The money was Sc
cured from the Philadelphia Saving
Fund Society through Tyler & Ruther
ford The loan is payable in three year
and bears Interest at al per cent. Thi
g