The Washington times., 1914-02-14
BIG ONE FOR
/ REALTY LOAN MART
1913 y48o.50 Is Let Out at In
tereSt of 5Ja Per Cent, on
Security of 161 Lots.

Realty operations for the second week
Of February did not measure up to
the activity displayed by the brokers
IN the preceding week. There was
4 decline of ! sixteen transactions
from the record of the first six days
Of the month. In the volume OF trad
ing there was a decided slump. as
compared with the number OF lots
and parcels of realty changing hands
earlier in the month.
The feature of the weeks business
was the activity in the loan market
In this department the $1.O0O,OO0
mark was nearly reached
The principal financial transaction
OF the week involved the refunding
Of the debt on the new Department
Of Commerce building at Ninteenth
street and Pennsylvania avenue
northwest The encumbrance on this
property was Increased to S465,000,
s365,0e0 and the other for 100000.
The larger loan was negotiated by
the Commerce Building Company
through the Union Trust Company.
The money was furnished by the
Fidelity Trust Company, of Philadel-
phis, and is repayable in one, two,
and three years, and on December 20,
1917, with interest at 5.4 per cent.
ne ESCOnQ Is laNOT the
George A. Fuller Company for $780,
900, payable in annual instslments
rom January l, 1915, to January l,
91s, with interest at s per cent
Extension For Building.
The purpose of the refunding is 10
enable the company to proceed at
once with the erection OF an cxten-
sion to the building. Tie addition
is to rise to the height of the present
structure, and is said to be inter ded
as a home for the Census Office. now
located in rented property at First
and B streets northwest.
Included in the week business Of i12
transactions were l63 lots and parcels
% real estate. The outlying suburbs
retained the lead of the markCl, with
sixty-six parcels sold. The northwest
vas in second place. with thirty-nine
OTIS TO its credit The near-urban dis
rict ranked third, with thirty-three
transactions, ten lots were sold in the
southeast, eight in the southwest, and
seven in the northeast
Tuesday was the busiest day Of the
6eek, with twenty-six sales completed.
fWenty-five deals were recorded We'd
nesday. Thursday and Friday were tied
it'll eighteen transactions EACH. Mon
.!ay saw seventeen trades, and eight
.iales were recorded on Saturdays half
gCliGay.
onnectcut Avenue Deals.
Two important holdings of business
property on Connecticut avenue changed
..wners this week. Robert c. Wilkins
fought the premises at 1913 Connecticut
avenue from Arthur Browne Mr.. Will
kins sold the house No. 100 Connecticut
avenue, to William E. Thomas, who in
turn conveyed the property 70 Arthur
Browne- The consideration was not an
lounced-
The large old-fsshioned residence at
IN H street northwest, adjoining the
site Of the addition to the Commerce
outn1ng. was sold by former Senator
Nathan B. Scott to Mrs. Mary Carlisle
Howe, wife Of Walter Bruce Howe, as
sistsnt United States attorney for the
District After remodeling, the Howes
viii occupy the property as their home
Two deeds conveying small portions
uf real estate were recorded this week
one transferred a frontage of one inch
ana the other front of two feet by
The depth Of the lot in each case.
Woodward & Lothrop acquired from
Mrs Kate T. Carlisle two feet on EIev-
euth street northwest, from the north
srn end Of the corner lot at T street
The price was not made public. A par
eel Of land fronting one inch by a depth
of seVenty-five feet on Four-and-a-half
'GCCl 6OGln"OSls "db DY moses
r Yoelson from George W. Smithson
The consideration was not stated.
Site For Sanatonum.
The Chevy Chase Sanatorium, recently
Incorporated, has purchased a site near
he District line for a new health re-
sort The property acquired is known
as lot Sc, in square 2349. in the sub
division Of South Pinehurst The price
was not announced, but the corporation
placed two trusts on the property, ag-
gTegating $4,000.
The exact figures IN the loan mark ct
this week were 1915. 60. This sum
was borrowed on the security of l61 lots
at an average interest rate 5h per
cent
Straight loans comprised the bulk of
the weeks business, totaling S795, ,S75.
The sum of all the notes given for de-
feTred purchase money was S12l. .405 90.
The output of the building associations
reached SCI. 700.
Northwest property was most sought
as loan security, having been enCurn-
bered to the extent of S7O2, $50. County
lands were pledged for an aggregate
Of $235. so. The record of loans in the
other city sections was: Northeast,
$3.50: southeast. $3.50, and south
west. $3.50.