The Washington times., 1912-11-16
REALTY TRADING
CON T|NUES BIG
THROUGHOUT WEEK
Brokers Succeed in Closing
167 Sales, a Slight
Decrease.

Realty activity continued upaba.ed
throughout the second week OF Noyen,-
Der While there was n slight decline
In the number OF transactions effected
the volume of trading more than dou-
blcd that Of the first week of the
month. The last six days witnessed the
transfer OF I'll lots and parcels OF realty
as compared with 81 parcels conveyed
In the preceding week.
The brokers succeeded I'm closing is7
sales during the week. n decrease of ton
from the number Of the preceding week,
and identical with the number OF trades
contaminated In the last week OF Octo-
Der. The corresponding week Of No
'ember. 1911. saw 17u sales made, but
there were only 9os lots included in the
volume OF trading Of that week
Among the papers recorded was the
lease OF the Occidental Hotel at lIiil
rshnsylvahai avenue northwest. adjoin-
ing the New willard. Gus l.. Buchholtz
mas leased the property from Henry X.
willard for twenty years from January
l. FOR the first five years an annual
rental of 5000 is to be paid. From lglS
10 lH25 rent Of $3.50 yearly is to be paid.
from 1873 to 1898 the rent is to be S7UO
annually, and from 1928 to 1893 at the
rate OF $500
l.ansburgh g. Bros. Yesterday leased
from Charles holman and others prem
| ises 420, A., and 42i Seventh stree,
northwest from August !, 1872, until Oc-
tobcr 81. 1891. The rental is to be 1900
| annually from August !, 1912, TO Febru-
arN y. 1917. and s10750 annually during
the remainder of the term.
Two Business Sales.
| Two sales OF business property wer.
| recorded, one in the newer section and
the other downtown. The Real Estato
| trust Company purchased a lot on
the south side Of II street northwest.
| near the corner OF Thirteenth street
| from Gist Blair The price is not given
| Clarence +. Norment bought premIs, g
| 3l2 Eighth street northwest lust aboya
| pennsylvania avcnu" from Emile Ber-
| lncr a nominal consideration appears
| in the deed.
| Nearly the entire subdivision OF Blue
! Ridge Heights, including Al lots werc
transferred. Frederick r. Alleman con-
| Nayed ;he property to John +. Sucker:
Thp sale pacSS Rr,SS ;be not o9,TSr T1WG
urbs far in the lead of the week
| market with total Of 552 lots although
with the sale deducted the section
would haze held first place in tn"
| cn"cd boom this week which secured
| for + "ond place in the number OF
! lots :C.d with fOrty-iive lots conveyed
| The ncar-urban district ranked thiri
| with an aggregate of forty-four lots
| transferred. There were thirty-nine lots
sold in the nothwest. sixteen in the
| northeast, and fifteen in the southwest.
Money Market Declines.
A decline is noted this week. in the
money market, where the loans dropped Il
below half million dollars. The exact
| figures for the week were 1896. .745 So
| This sum was borrowed on the security
| OF 23I lots at an average interest rate
OF Sc per cent.
| Straight loans returned to the lead OF
| tho market this week with a total Of
| $3O5, ,Gl7.H. A marked increase was made
in advance from building associa tions
| to members, which reached an aggre-
| gate of Sl04. $50. The sum OF all the
notes given for deferred purchase mon
| cy was $SG.347.76.
| County property continued to draw
the largest amount of the money invest
| ed in loans. Land in this section was
, enCumbercd to the extent of Sl9s, ,s4j 0 t.
A total of $3.50, ,G55.j6 was borrowed on
the security of land in the Northwest
The record Of loans in the other city
| sections was: Northeast. S53,S57; south
east. si5, Ss7: southwest. $500.