The Washington times., 1912-08-10
Summary of Sales and
Loans Shows Slight
Falling Off.
SUBURBAN PROPERTY
PROVES FAIRLY BRISK
Final Deeds Are Passed Closing
Transfer of Titanic Victims
Share in Hibbs Building.

A slight increase is noticeable this
week in real estate activity over the
results obtained by the brokers in the
preceding week. August, however, start
ed rather inauspiciously, the summary
both of sales and loans for the past six
days showing a decline from the busi-
ness of any week of July except the last
one.
This condition is not considered dis
couraging by the brokers' as they recall
that a similar state of affairs existed
at this time last August Despite a bad
start, the record for August, 1911, took
high place in the annals Of real estate
history for a summer month. II the re-
naming days of this month evidence
corresponding activity, the brokers ex-
pect to eclipse the high mark of last
August.
The past week was active in spots.
Monday saw thirty-five transactions and
thirty-three sales were closed yester-
day. Wednesday was the least active
day of the week, ana witnessed the
closing Of only fifteen trades. Thursday
was but little better, having but seven
teen sales to its credit. There were
twenty-four transactions effected on
Tuesday and the Saturday half-holiday
saw twenty-one sales closed.
Suburban Sales Largest.
In the total of 145 transactions were
included 225 lots and parcels OF real
estate. The outlying suburban section
led the weeks sales, with eighty-nine
parcels transferred. The near-urban
district returned to second place this
week, with fifty-four lots conveyed. The
northwest ranked third, with forty -one
lots. There were twenty-four lots sold in
the northeast, eleven in the southeast,
and six in the southwest.
Two business properties changed
hands this week, one on upper Seventh
street and the other on Eleventh street.
near Pennsylvania avenue. The former
comprised a portion of lot 13 In square
enth street between N and W n 81 streets. ss
1t was sold by Joseph A. Burkart, trus-
tee. to D. H. Roland Drury. for $500
Mr.. Drury reconveyed the premises to
The other business sale was located
on the west side Of Eleventh street
northwest, between d and e streets. ].
H. M. Chansg conveyed a part of lot
The consideration given in the deed is
nominal.
Moore Estate Closed.
An interesting transactions of the
week was the passing Of the final deeds
Moore, one Of the Titanic victims, in
the Hibbs building, at 723 Fifteenth
street northwest, was transferred to
his former partners, William B. Hibbs
and william w. Spaid. Mrs. Mabel
Swift Moore. the widow, conveyed her
dover in her husbands share Of the
property for $1.769.23.
The title Of the children Of Mr.. Moore
SFa hu he No Go
ings and Trust Company, recently ap-
pointed their trustee by the Supreme
Court of the District Of Columbia. The
price paid the trustees was $9,730.T
These two sums formed portions Of
the total of $4,000 paid for Mr.. Moore's
interest In the firm of w. B. Hibbs &
Co. by his former partners. Mr.. Moore
held a share valued at % per cent Of
the business. In reaching a settlement
the Hibbs building was given a valua-
tion of S450,000.
The money market took a decided
slump this week, falling off about IS
per cent from the figures Of the pre-
the loan market was $40, ,4S1. so.
This sum was borrowed on the secur-
ity Of 209 lots at an average interest
rate OF sc per cent. The interest rate
advanced one point over the rate pre-
vailing during the past two weeks.
r..-.. Half in Straight Loans.
More than half the money was in
straight loans, made to persons already
owning the property offered as security.
The total of loans of this character this
week was 56,4sSS4. The sum of all
the notes given for deferred purchase
money was $107, ,2S2.9S. The building as
sociaticn advanced to members $46,70O.
The northwest and county sections
ran a close race in the loan business,
the former winning by few thousand
dollars. Northwest property was
pledged for $179,543S4, and county lands
were offered as security for 3,4l7. The
record Of loans In the other city sec
SIS, $50, and southeast, $4S45 9S.