The Washington times., 1913-02-08
FEBRUARY REVIEW
SHOWS ACTIVITY IN
REALTY BUSINESS
twenty-five Per Cent Advance
Is Disclosed in Trading Of
Past Week.
LARGE SALES MADE
FOR INVESTMENTS
Loan Market Is Strong Under
Influence of Many Sales in
Market.

An advance Of nearly % per cent Is
disclosed in a review of realty opera
tons during the initial week of Feb
ruary. The brokers during the past
six days succeeded in closing 143 trans
the business of the last week Of JAN
uary.
The tone of the market during the
past week has been much higher. Many
sales were made not only in the busi-
ness section. but of apartment houses
and residences. Out-of-town investors
trading. In three instances. such
buyers invested more than $4,000 each
in the purchase of business property.
A comparison of the realty business
of the past week with the corresponding
period Of 1912 is greatly in favor OF
February. 1872. saw, only 132 sales Of
1ected, covering l9S lots, while during
the past week the brokers effected the
sale of 2sl lots and parcels of real
estate in the total of IS3 trades consum-
mated. Last February established a
record for activity and IL the same pro-
portion Of increase be maintained
throughout the present month";. Febru-
airy 1913 will set a high fisurel indeed
for realty operations in midwinter.
Premises Bring 100000.
One of the largest sales of the week
involved premises s3s Pennsylvania ave-
hue northwest. running through to D
street. John 7. Harris, as trustee un-
der order Of court, sold the property
10 Emil West for $4,000. Mr.. West
reconveyed the property to Harper y.
Sheppard and Clinton n. Myers, both
of Hanover. Pa
Asa G. Gambler, of Atlanta. Ga. in
vested $4,000 during the week in the
x street northwest Tine trustees ef
the estate of Lambert Tree, of Chica-
80, took title 10 premises so TO Sll
Twelfth street northwest, near New
York avenue. John E. Wilkie pur-
chased the separate properties and then
transferred them TO Arthur NJ. Tree,
Seymour Morris and the Merchants
Loan and Trust Co. of Chicago, to
hold for the Lambert Tree estate.
Another business section sale was
closed yesterday, when John T. Conroy
acquired premises 7OS Thirteenth street
northwest from Mary c. Powell. The
consideration for the sale is not made
public.
The outlying subj. ps continued to
lead the market. having Us parcels sold
TO their credit. The northwest moved
mp into second place this week, nosing
out the near-urban district by one lot.
The former had fifty-nve lots sold and
thc latter ffty-four. The southeast
came next with twenty-one lots con-
veyed. There were eighteen lots trans
ferred in the northeast, and five lots
sold In the southwest
Loan Market Active.
The increased activity in the sales de-
partmeat of the realty business had an
exhilarating influence on the loan mar
ket this week An advance OF nearly
Ssoo.Oo0 is noted In the money market
over the business of the last week Of
January. The exact figures for the past
six days were s536. .'=S..r. This sum WAS
BORROWED on the security Of 100 lots at
a., average interest rate OF Sc per cent
Straight loans predominated this
week. with total OF s362. .s96.fS. The
sum of all the notes given for deferred
Purchase money was s1s3, CSC. g. The
output of the building associations was
$500
Northwest property was most highly
considered this week az a basis for
loans which amounted to $24s, - -
County property was encumbered TO the
extent of So. .s93Il The record OF
loans in the other city sections was:
Northeast. s24. 100; southeast, s26, ,635. and
southwest sle,s3o.