The Washington times., 1914-02-21
WEEKS BUSINESS
SATISFIES BROKERS
Despite Snow and Cold, 120
Transactions Are Made on
Realty Market.

This weeks record Of 10 transao
.ons. considering the cold and snow. i
egarded by real estate brokers as more
7an satisfactory. DurirS the last six
ays they maintained Q daily average of
X sales. The weeks .otal is eight sales
advance of thu a-tivity of the second
eek in Febr Ary
Negotiatoks also were begun for the
-ale of seIral important parcels. Chief
tmonF than is the rumored sale of the
7ew Real Estate Trust Company's build
ug at Fourteenth and H streets north
vest. Nearly ready for occupancy, it
said to have been purchased by a
rlient of F. H. Smith & Sons for $500. 600
The deed to this property, as well as the
rransfer Of the Arlington Hotel site, at
Vermont avenue and H streets, to
Richmond and New York investors. may
be placed on record before the end of
February.
Again this week. the feature Of the
realty situation is the large amount
loaned on real estate. In the six days
just past the figures in the loan market
reached a total Of sSS9.2 9.S6. This ag
gregate is less than 10 per cent below
the extraordinarily high total of loans
made last week. 1t was borrowed on
202 lots at an average rate of 5la per
Cent
Mortgage For $5oooo,ooo.
In addition to these extensive loans.
there was recorded a mortgage for $780,
I-I0oo Swift & Co.. the Chicago pack
RS. conveyed all their property, stu
1ted in seventy counties, in twenty-five
~tstes, as we'll as in the District of Co
lmbia. to the First Trust and Savings
5ank of Chicago and Emile X Boisot
% secure a bond issue, Of which N0.-
1000 is to be placed on the market i'm
'Hediately and the balance issued at the
discretion of the directors Of the pack
.ng corporation. The bonds are pay
Bile July l, 1874, and bear interest at
per cent.
The passing Of the Belmont tract from
proposed park to q ste for apert-
.nents is heraldeG in a deed of trust fo-
tl75.0o, placed on a portion Of the prop
'rty by Harry Wardman and Thomas
p. Bones. The Washington Loan ard
Trust Company is secured by the trust
and the money is to De repaid in three
years, with interest at 5t per cent.
The next largest financial transact on
II the week was a trust for sle0.0O0,
borrowed By the Central Dispensary ami
Emergency Hospital from the Ameri-
an Security and Trust Company on the
new site in New York avenue between
Seventeenth and Eighteenth streets.
The loan runs for three years. with
interest at 5 per cent.
The largest realty transfer Of the
holdings of William F. GUIDE and his
Erother, Ada, o,phus, near Mt. Olivet
Cemetery and across the Eastern
Branch below Anacostia- The property
was conveyed 70 the GUIDE Brothers
rompany. The oonsiderat on is not
stated but the corporation gave the
brothers a trust for $12o, 900 as part paw
ment for the property.
Another interesting conveyance of
the, the week eek was the transfer of the
Capitol Park Hotel Company TOOK
title to the property from Frank G.
HerAl and others, who held the
property as trustees. The price paid
Suburbs Lead Market.
In the weeks total Of 120 transac-
tlons were 241 parcels Of real estate.
The outlying suburbs. despite the
mantle or white which ensnrouded
them throughout theweek. led the
market in the number Of parcels
conveyed There were eighty-two
seventy-one lots changed owners in
the near-urban district. Northeast
Ianked third. with fifty lots conveyed.
iwenty-eight lots were sold in
northwest. seven in southeast, and
three in southwest
Straight loans had the lions share
Of the weeks bus s'ness. Loans of this
character totaled $6722sI67 The
sum Of all the notes given for de-
ferred purchase money was srea,-
f15.25. Building associations advanc-
cd to members s51.500. County prop
erty was most heavily encountered.
being offered as security for a total
Of $500. 1885. Northwest ranked sec
Cnd with an aggregate of S32s250.
The record Of loans in the other CITY
sections was: Northeast, S2S.4O0:
.outheast. sl3.l0e. and southwest,
$1,000.