The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1912-11-23
WANING Of SEASON
FAILS TO AFFECT
REALTY BUSINESS
Sales for Week Show In.
crease Over Same Time
Last Year.

Fall trading In real estate continues
to be active despite the waning OF the
season. During the third week of No
vember-the las; but one Of the fall OF
1912. according to the ca!endar-the
brokers succeeded In effecting 10 sales.
This records an advance OF three trans
actions over last week and az compared
with the corresponding week of 1911
shows an increase OF sixteen trades.
In the loan department the week just
closed witnessed an excess Of nearly
- per cent over the figures for last
week. As compared with the loans
made during the third week OF Novcm-
Der. 1911. the present weeks figures ex.
Gel b. more than 100000.
The weeks activity was general. No
class OF property had Il distinct call on
the market. Business property. apart
ment houses, residences and building
sites alike proved attractive to pur-
Included In the 10 transactions ef-
fected during the last six days were
2tG lots and parcels OF real estate. The
outlying out" suburSs while II, having n Sigh 81:
commanding position held last week.
There were eighty-nine parcels sold In
| this section. The near:urban district
Was ctn IN second place With sx.y ,. lots TO
hand with ffty-eight lots conveyed.
| There were twenty.three lots sold In
the southeast. seventeen In the north
east and nine In the southwest.
Premises 1870 r street northwest and
l24 street northwest figured In the
weeks transfers. The consideration ID
nominal In each case. Both properties
were conveyed by the Union Trust Com:
Savings and Trust Company. Another
| business section sale was the premises
| at the southwest corner OF Ninth and
L street purchased from Michael NJ.
h., yk,... I....
trustees for the National Capital Brew
ing Company. The price paid for this
corner Is said to have been $4,000.
Among the apartments which changed
Willard street northwest. between Sew:
enteenth and Eighteenth street and
another at l5ll street northwest. The
| former was sold u the Franklin Park
Corporation and the latter was bought
by Thomas Armat.
Howard University expended $1,000
yesterday In the purchase Of additional
4 land near Its campus. From Mrs Emma
l.. C. johnson was bought lots u. Is
known as Birmingham place. The land
which IL partly improved. IL located or
Sixth street near Fairmont street. ant
joins the site recently purchased by thu
Sistr,ef School, 81 Columbia Tor the co'0ree
Middaush 4 Shannon yesterday com
pleted the purchase of a large building
| site at Ftfteenth ana r streets south
east. Included In the purchase are thre,
lots as. originally laid out in the city
subdivision. The price paid the Ameri
can Security and Trust Company 70
the land was $5.63l.G0. 1t is expectet
the builder will improve the new pur
chase.
The largest transaction In the none,
market this week involved the Blu
/, Ridge Heights subdivision recently pur
chased by John =. Stuckert. Mr.. Stuck
!. ert mortgaged the land for total o
SIS, 49, The encumbrance consisted o
three trusts-one for $4,000 to Williar
I II. Dorsey In five years. the second 70
! SIS. 90 to the Blue Ridge Heights Com
. pany. payable In two years and 81
3 months. and another to secure the com
: pany SO. 4Ss. 40 In one year. The entir
loan was at q per cent.
, The exact fiures In the loan marks
u this week were $G02 l40.0S This sum wa
). borrowed on the security OF 6S6 lots an
!. parcels Of real estate. The average II
terest rate was 81 per cent
/ Straight loans led the market with a
. aggregate OF $329. 6SS.2I. The sum OF a
the notes given for deferred purchas
e money was SIS. 39l.S. The building al
i sociations advanced to members $9i. 90
County property won highest favor q
: the basis Of security for loans this weel
= Land outside the old city limits wa
encountered to the extent Of 1855, 292. I
y Northwest was next In demand. with
'. total Of $li4, 3d. 30 borrowed. The recoI
10 Of loans In the other. city sections wal
10 Northeast. So. $50; southeast. &l,740. an
southwest. $lS.Uo.