The Washington times., 1913-04-19
YEAR HIGH MARK
SET IN BANK DEAL
Federal Nationals Building Is
Sold to Institution by Es.
tate for $3.50, 900.
OTHER TRANSACTIONS LARGE
Holmes &'Son's Property Brings
$500, ,000-Business Sites
Purchased in Downtown.

The sale Of the Federal National Bank
building at Fourteenth and G streets
northwest, at Se5e,ooo. made during the
week, sets a new high mark for sinS,>
realty transaction in 1913 purchase
of such magnitude by financial insri-
tuition scarcely three months old is
something new to Washington. The
property belonged to the estate of the
late John H. Small and was conveyed
to John H. Holmead. Mr. Holmead
executed a trust for sl550o0 of the pur-
chase money, payable in three years
with interest at per cent. Subject to
this indebtedness. he transferred the
property to the Federal National Bank
Another financial operation, involv-
Nc real and personal property valued
at e30o, 900 was closed in the third week
OF April. Lewis Holmes conveyed TO
the recently organized corporation of
by him as a bakery at First and F
streets northwest, several dwellings ad-
joining, and two large stables in the
blocks lying between First and Third.
f. and + streets northwest. The good
Will of the bakery business is also IN
cluded.
Other Sites Sold.
The sale of several other business
sites made thsi wek notable, despite the
fact that both the volume of trading
and the number of transactions fell be-
low the record of the two previous
weeks Of the month.
The brokers succeeded in closing only
1S trades involving 2I2 lots and parcels
of real estate. The daily average of
sales for the week was twenty-three.
Monday and Friday were the busiest
Gays, each showing total of twenty
nine deals effected. Tuesday and
Thursdays operations were also a tie,
each day seeing twenty-one trades
made. Wednesday. the slowest day for
realty selling, witnessed only eighteen
transactions. The record for the half
day OF Saturday was twenty sales.
The near-urban district returned to
the lead of the market this week. having
seventy-seven lots to its credit The
outlying suburbs were in second place
with sixty-six parcels conveyed. The
business sales of the week aided the
northwest section In approaching closely
second position with sixty-three lots
transferred There were twenty-three
lots sold in the northeast, ten in the
southeast and three in the southwest.
Business Sales of Week.
Among the business sales of the week
was the Bradford building at 9o4 ana
500 Fourteenth street northwest transfer
red from David A. Arnold to George E.
Rees. The property is valued at $4,000
Premises $50 and S3e E street northwest,
one OF which is partially occupied for
business purposes, were bought by
Lyon, Conklin e. Co, Delaware cor
poration, from Carl o. Walter. The |
price has not been made public.
Michael No
purchased the store 49, Ninth street |
northwest, from Stone & Fairfax Mrs. |
Annie Cardes bought premises 43s GI
street northwest. at nominal con-
Charles ]. Bedeil the business building
IL l3p3 Seventh street northwest
Attorney Leon Tobriner increased his |
holdings for investment by purcha sing
west The property at az Ninth street
northwest, was acquired by Emma L.
foder from Benjamin Nordlinger. Thei
considerations are rot announced.
Invests 100000.
The Carnegie Institution investedI
$1,000 in the purchase of acreage prop
erty in the vicinity. of Chevy Chase
Circle The property is located at Thirty
second street and Broad Branch road.
The institution will erect a building to
be devoted 10 observations on terrcs-l
trial magnetism.
The loan market was active this week
showing total of ss53,1o4.0s This sum
was borrowed on the security of 253l
lots az an average interest rate Of 57l
per cent
Straight loans were in the van of the
market with an aggregate of s4is. lao.7s
The building associations were liberal
the advances TppnhRrc x.hfchl
totaled $14G,35G. The sum Of all the
notes given for deferred purchase money
was s5s633.29.
Northwest property was most favored
as security for loans, which aggregated
500, go 35 Land outside the old city
limits was encumbered 10 the extent off
So. .493.3 The record of loans in the
other city sections was northeast SIS, lej;
southwest. E.i75, and southeast s, 81. so.