The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1913-01-11
Land Transferred for Com
merce and Labor Depart
ment's New Home.
LOAN MARKET SHOWS
UNUSUAL ACTIVITY
Amounts Borrowed on Security
Nearly Reaches the Mil
lion Mark.

Realty operation in the first full week
OF 1919 amply repaid the efforts of the
brokers who succeeded in closing ia
transactions in six days. sustaining an
average of more than twenty-five sales
each day. The volume of trading sur
passed the record OF any weel; in De-
cember and gave promise of a busy
month of realty selling.
The corresponding period of 1872 saw
only 119 transactions completed and the
trading for that time involved little
more than half the number Of lots and
pracels of real estate as changed own
ers this week.
The largest transaction of the week
involved 200 acres of land on the east
side of the Anacostia river, adjoining
Overlook Inn, and known as the Have
meyer tract. William B. Duncan, jr-,
who purchased the land at auction
few months ago. transferred 1t TO
Tyrrel E. Biddle. After Mr.. Biddle had
encountered the property with trust
for $4,000 he conveyed the land to the
National Savings and Trust Company
which holds as trustee for an undisclosed
purchaser.
Feature of the Week.
The transfer of the property at Nine
teenth street and Pennsylvania ave
nue. northwest, on which is to be erected
a handsome new home for the Depart
ment of Commerce and Labor. was a
feature of the weeks business. The
financing of the new building was also
disclosed on the record Victor J.
Evans, who bought the several houses
which are to be removed to form the
site for the new building transferred
the combined purchases to the Com
merce Building Company The new
CORPORATION then conveyed the land 70
The Union Trust Company, 10 secure
loan of .s2S5.0oO. advanced by ths II
delity Trust Company OF Philadeipnla;
The loan is payable in hye years aho
bears interest at "a per cent A second
trust was executed 20 secure the con-
tractor, the George A. Fuller Company
$4,000 to be repaid IN from TWO 10 SIX
years with per cent interest,"
There was a dearth of sales in the
downtown business section this week
Only two properties there Inquired IN the
weeks record of transfers JULIUS l.
Peyser sold to Abraham ID. Prince tne
property at the corner Of Eleventh ana
II streets northwest recently acquired
by him. The title Of the McGin build
ing. at sos G street northwest was
transferred to the Washington Loan ana
Trust Company as trustee DE lhe PCT
sons interested in the estate OF James
II. McGill
Activity In Suburbs.
The outlying suburbs were the scene
Of the greatest activity during the past
six DAYS. These suburbs furnished 80
of the total of 4G2 lots and parcels OF
real estate transferred. The near-urban
district was In second place with forty
nine lots conveyed. The northwest
ranked third. having forty-three lots to
its credit. The northeast and southwest
ran a dead heat, each showing eighteen
lots sold. There were fifteen lots chang
ing owners in the southeast
The loan market was especially ac-
tive during the past week, furnishing a
total of 1882 27083. This sum, closely
auproac ching the 100000 mark, was
borrowed on the security of 366 lots at an
average interest rate of SIS per cent
Straight loans formed the bulk of the
weeks business. aggregating $5SIO66.
The sum of all the notes given for de-
ferred purchase money was S165, S54.S3.
Building associations advanced to MEM
5ers total of Sis, $50
The new Department OF Commerce
and Labor building loans placed the
northwest well in the van of the
market with a total of S497 $50 County
property was encountered to the extent
Of S3f5,77oS3. The record of loans in
the other city sections was: Northeast,
s32 100: southeast, $3.50. and southwest,
81 200