The Washington times., 1912-06-22
TRADE IN REALTY
REVEALS GAIN FOR
JUNE'S THIRD WEEK
More and Better Sales Clos
ed Than During Earlier
Periods.

Considerable improvement was shown
In realty trading during the third week
Of June, Not only were there more
sales closed, but the quality, of the
business exceeded that of the previous
weeks of the month. Business property
trading was again in evidence, and
several sales were made In this area,
where dearth of activity had been no.
ticeable earlier in the month.
In the loan market the activity this
week was about on a par with last week,
exceeding the figures of that period by
only a few, hundred dollars. Both
weeks showed a material advance over
the loans of the first six days of June.
Trading did not evidence such fiuctua-
tions as ruled in the market during the
preceding week. The largest number Of
sales were made on Monday. when
forty-one were closed. This figure Is
only two sales short of the record in
daily sales for the year The business
OF the next three days was about the
actions effected. Wednesday thirty
three. and Thursday thirty-two. An
other difference noticeable this week
was the decline in activity yesterday.
Friday is usually one of the most active
days OF the week, and frequently sets
the high mark for the weeks business.
Yesterday saw but twenty-five deeds to
property placed on record.
The Weeks Total
The weeks total of 17S transactions
involved 36S lots and parcels of
realty. More than half the selling
was in OUTLYING suburban sections.
where 1879 parcels changed owners.
In the near-urban district. sixty-nine
lots were sold. while fifty lots were
conveyed in the northwest.
The southeast experienced a slight
boom, sales in that section including
lao
southeast sections. @ Nineteen ean' lots lots
were transferred in the northeast and,
ter lots were sold in the southwest.
The purchase Of the Hotel Johnson
oy CHARLES Jacobson at a figure said
to be S150,000, was the chief event
OF the week in the matter of sales.
Mr.. Jacobsen already owned one of
terry. and took over the corner prop
erty and the portion fronting on E
street. He placed a trust for S75,0OO
on the property purchased and the
Another business section sale in
Nolved promises sos and 3o7 Ninth
street northwest. bought by Leopold
Richold from Margaret r. Sheckels.
Premises 40? Ninth street northwest
inquired twice in the weeks sales.
tlla F. Hubby conveyed the property
70 George e. Stewart. Yesterday Mr..
Stewart transferred the property to
Charles p. Stone and Charles w. Fair
fax. George e. Bergling sold during
the week the business property at S21
and S23 Fifteenth street northwest
The largest transaction in the money
market this week was the placing of a
second trust for 100000 on the Inter-
state building at 1919 and 1921 F street
northwest, now in course of erection.
The trust is to secure an issue of sec
ond mortgage bonds payable April /,
1917 with interest of 6 per cent. The
first encumbrance on the property is
$3.50. 900.
Moore's Share Sold.
The death of Clarence Moore, one OF
the victims of the Titanic disaster, has
made necessary the sale of his interest
in the Hibbs building, at 725 Fifteenth
street northwest, and in the firm of w.
b. Hibbs & Co. The surviving part
ners, w. B. Hibbs and w. w. Spaid,
have agreed with Mrs. Moore to pay
her husbands estate, $4,000. for his in
terest, which was a little less than one
fourth. and yesterday asked the Dis
trct supreme Court to ratify the sale
on behalf of the children of the de-
ceased. The building is subject to a
trust for s195,0oO and the petition states
that $2050O0 was expended on the fur
nishings and equipments of the build
ing.
The exact figures in the loan market
were S793,60S.15 borrowed on the secur
ity of 203 lots at an average interest
rate of 5k per cent. The interest rate
shows a decline of one point since last
week and returns to the heretofore pre-
Nailing figure.
The bulk of the loans were Of the
straight" variety being made to per-
sons already owning the land offered
as security. Such loans totaled $553,
G305O The sum of all the notes given
for deferred purchase money this week
was $14S S327,6 ,65. The building associa-
tions advanced to members $92.650.