The Washington times., 1914-01-31
REAL ESTATE SHOWS
UNUSUAL ACTIVITY
Investments and Loans on
Property in January Reach
! ed Total of $4,9O0,O0O.

Investments in the purchase of and
loans on local real estate in jan
uary reached a total of S4,90O.O00.
Involved in the months trading were
472 transactions comprising 763 lots
and parcels of realty.
This record is S1,635, 600 in advance
Of the investments for December. 1913.
and exceeds that of January of last
year by S1.6OO,0OO. The total invest
ments for January. 1912, were So
100000, while those of January, 1911.
were $3,500. 600
The months business has been graft
flying to the brokers. Inquiries made
by prospective purchasers augur we'll
for an early spring boom in realty
trading, it is stated
The fourth week of January, while
making the poorest showing of the
month in the number of transactions
effected, witnessed the best single days
activity of the new year. The brokers
Yesterday closed thiTty-two sales,
number well in advance of any pre-
vious days business this month. The
trading of the other days of the week
was below mediocrity, and drew down
the weeks total to only Iii transactions.
Involved in the weeks volume of trad
ing were 14S lots and parcels of real
estate.
Friday Is Second.
Fridays selling was so per cent in ad-
vance of the next best days activity.
Wednesday ranked second, with twenty
deals concluded. Saturday saw sixteen
sales complete. and fifteen were closed
on Monday Tuesday and Thursday
were tied for last place, each having
fourteen transactions.
The northwest section led the market
this week in the number of lots sold,
having fifty-siX sales. The outlying sub
urbs were in second place, with thirty
six parcels conveyed. There were thir-
ty-two lots transferred in the near-ur-
ban district, and fourteen in the south
east Eight lots were sold in the north
east. No report of a sale was made in
South Washington during the week
The financial market was the feature
Of the week. Loans in the past six
days totaled s73S,165.05. Two of these
were for 100000 each. Harry Ward
man and Thomas Bones borrowed this
sum from Swartzell Rheem & HeDsey
Company, for the purpose of improving
with an apartment at 1903 and 1871 h
street northwest The other similar
lean was made by the Real Estate
Trust Company to Annie E. Mcqueen,
who owns the new building on the north
east corner of Fourteenth and II streets,
where the trust company will have It's
Offices. This loan is to be repaid in six
months
Pledge Million Feet.
More than 100000 square feet of
ground in Potomac Heights and at Som
erset Maryland are pledged by the Po-
tomac Heights Land Company as Sc
curity fer a loan of $4,000. The money
wasadvanced by the WachOvia Bank
and Trust Company Of Winston-Salem,
N C, and is payable in installmentS
from January, 1916, to June, 1917.
Two trusts are for SE,270 and the
other for $4,000 were recorded on Thurs
day by the Home Ice Company on the
security of its plant at Twelfth and V
streets northwest The loans ware
Tade by the York Manufac ~lring Con-
IaUy.
Church, with which President Wilson
has been affiliated, borrowed yesterday
$4,000 to begin the erection of the new
church at Fifteenth and Irving streets.
The old property at Third and I streets
northwest. has been sold to colored
congregation. The money is advanced
by the American Security and Trust
Company and is repayable in three
years. with interest at 5 per cent;
Christian HeuriCh took title during
the week to two parcels Of business
property. Premises 1905 z street north
west, which adjoins extensive holdings
Of the wealthy brewer on Pennsylvania
avenue and on + street northwest be-
tween IWelttn and InlrIeenLn streets,
were conveyed TO him by Carl Keyser
and others. Louis P. and Carl Keyser
transferred to him the property at 1015
New York avenue.
Additional Property.
The Church Orphanage Association of
ST Johns Church purchased additional
property this week on Twentieth street
northwest, between Z and F streets,
near the location of the orphanage. The !
seller was Eugene Bettes- The price is
not stated in the record.
The exact figures in the loan market
this week were S733. 1886. This sum was
borrowed on the security Of 38S lots at
an average interest of Sc per cent.
Straight loans had the lions share Of
the weeks business, showing a total
OF s6S3, O3.40. The sum Of all the notes
given for deferred purchase money was
9,2ll.65. The building associations ad-
Vanced to members S24,250.
Northwest property led in the choice
for loan security having been pledged
for an aggregate of $3I9342.47. County
property was encountered to the extent |
of S340, 1868. The total of loans in the |
northeast was SlO,555.90. and in the
southeast $500. No money was bor-
rowed during the week by owners of !