The Washington times., 1912-07-27
Weeks Total Reaches ST.
7o2,o7s.62, Breaking All
Previous Marks.
HALF INVOLVED IN.
THREE TRANSACTIONS
Real Estate Sales Brisk for This
~. Time Of Year, Brokers
= Say.

All previous records in the loan
branch OF the local real estate business
were shattered this week, when wash
ington realty was epcumbered for a
total OF sL7o2,07s.S2 as the result of the
operations in the money market.
The nearest approach to this immense
volume OF loans negotiated in any week
was In November. 1910. when the pla-
cling OF the trust for s1,000.0O0 on the
new Riggs Building site preparatory
to the Improvement OF the property
swelied the total OF loans for that week
to u.5o0.0o0 The new record set this
week will be seen to be 100000 in ex-
cess OF the former high mark.
More than half this sum was involved
In three loans. One was for $450O00
made by the corporation of w. B.
Noses & Sons and William H. and
Harry Moses. upon their holdings at
Eleventh and F streets. Another loan
secured $4,000 on the Rochambeau
apartments owned by Francis H. Due
hay. The third large trust was for
$2l25o0 borrowed by the owners Of the
burlington apartments on that prop
erty.
Many Sales.
Unwonted activity for the period Of
the year also was noticeable in the
matter Of sales OF real estate. While
no records were broken, the brokers
were busy at least four days Of the
week. The total OF ISL transactions
closed evidences q week Of most satis-
factory results.
Tuesday and Thursday divided the
honors for the week in the matter Of
the number Of transactions effected,
each day seeing thirty-five sales closed.
There were thirty-one sales completed
on Monday, and twenty-six on wednes-
day. For a second time this summer
the unusual spectacle Of a dearth of
activity on Friday was presented this
week, when the number of sales closed
yesterday reached only fifteen, a decline
of four sales over the business of Sat-
urday's halliday.
by the northwest sections in the volume
OF trading, which more than doubled
the business in that section last week
and placed the northwest far in the
100 lots were transferred in the north
west, and only eighty-one parcels con-
veyed In the outlying suburban sections
The near-urban district took third rank
transferred There were twenty-nine
lots conveyed in the southwest, four
teen in the northeast and seven in the
southeast. The total volume of trading
embraced 2H lots and parcels Of real
estate.
Most Important Sale.
Probably the most important sale made
this week was the transfer by Arthur
c. Moses Of his interest in the realty
holdings Of w. B. Moses & Sons. The
consideration paid Mr.. Moses for his in
terest is not made public. The property
involved included the Moses storerooms
at Eleventh and F streets, 516 Eleventh
street northwest, the Moses Storage
warehouse on Twenty-second street. be-
tween l. and M streets and fifteen va
cant lots in South Washington.
Another notable sale of the week in
voived the vacant ground at 18th and
streets. near the New Arlington Hotel
site. Anna NJ. Penfield sold the property
to Flora r. Davis for $SO.11s. Trusts ag-
gregating $146,0O0 was placed on the
property by Miss Davis, who then trans
ferred the title to the American Security
and Trust Company. The use to be
announced by the officials of the COM
pany. The American Security and Trust
Company, as trustee, also took title this
week to the property purchased last
included the southwest corner of Seven
teenth and streets, and premises $40,
SA and s26 Seventeenth street north
west
Clarence L. Hay, son of former Sec
retary John Hay. acquired during the
Essfis at iso7 II street e northwest OF % i'm.
medtately adjoining the home Of his
and II streetA The property is Loc-
oppied by the Hamilton School and nc
SaanFe In the occupancy is antioi-
- Building In Two Sales.
The Glover building at 141s F street
northwest, figures twice in the record
of the weeks sales. Mrs. Henrie tia
M. Halliday transferred the property
to Jacob NJ. Stein. who later in the
week sold 1t to Henry S. Rich. OF
Marietta Va. The consideration fol
the sale 10 withheld.
The sale OF a private residence 70,
| $4,000 was made yesterday. Premises
1908 Twentieth street northwest wa,
bought for this price by Cassie Masor
! Butler and others who held the titli
in trust,
Tho record-breaking total of $1,7O2,,
O2T92 in loans this week was borrow
ed on the security Of 202 lots at al
average interest rate of 5h per cent
The three large loans mentioned
above materially aided the aggregat,
! of straight loans for the week which
reached S1.3s2.82e.65, The sum Of al
the notes given for deferred purchas,
money was Ss72,001.s7. The building
t47,760.
Northwest property was pledged 70
a total of I.471,s50, while count!
property was offered as security TO
loans totaling s1S6.82s62. The recor,
OF loans In the other city section
was Northeast, s27,750; southeast, S1o,45C
AMI aaIithuAsf Z on