The Washington times., 1915-06-12
7. H. NEWBERRY BUYS
TRACT FOB s165,OOO
Former Government Official In.
vests in Georgia Avenue
Property.

Truman H. Newberry. Of Detroit,
former Assistant Secretary Of the Navy,
was the largest investor in Washington
real estate during the second week OF
June. s.
The former Government official paid
$165 600 FOR a tract of land lying along
the west side of Georgia avenue be-
tween Gallatn and Longfellow streets.
The property which comprises about
twenty-five acres, was purchased a few
years ago by Samuel W. Woodward,
but was not developed by him. Mr..
Newberry assumed a trust of $4,000 on
the property and transferred TO Mr..
Woodward premises 1913 Sixteenth street
northwest. which is valued at s90,0Oo
and was clear Of encumberance.
Two lines of street railway skirts the
Georgia avenue property and 1t is only
a short distance from the end of the
Fourteenth street line of the Capital
acre was about $500 20.
This was the principal transaction OF
the 164 deals completed by the brokers
during the last week. Involved In the
weeks trading were 344 lots and parcels
of real estate. The record of sales this
week shows an increase OF 20 per cent
In the number of sales and an advance
lots in the bs Noum nt,o of tradns Wssk ofsr tsr
month.
Monday was the busiest day of'the
week, having thirty-four sales to its
credit. Thursday ranked second with
thirty-one deals effected. followed close
ly by Tuesdays record of twenty-nine
trades. Wednesdays and Fridays
trading was on par. each day seeing
tWonty-seven sales recorded. There
were sixteen transactions completed on
the half-holiday of Saturday.
Suburban trading monopolized the
market Not only did the outlying
suburbs furnish the chief transaction OF
the week but was also the scene of 1S4
other parcels being conveyed. The near
urban district was in second place with
100 lots changing owners. Within the
limits Of the old city proper the north
sold. In the southeast section thirty
three lost were transferred. and twenty
two lots were sold In the northeast.
There were five lots conveyed In the
southwest.
The largest financial transaction Of
the past week was the loan Of $3.50, 200.
made by the National Savings d Trust
Co. on the Lehman builf,ng. the title
D. Hoover, Woodbury. Blair and Thomas
r. Jones' A portion of this building IS
to be incorporated in the banking house
of the trust company and the loan Is
made to finance the improvements II
is payable in ten years and bears in
terest at Az per cent.
Raises 100000 Trust.
Another trust companys home was
encumbered when Mrs. Henrietta NJ
Halliday placed trust of $4,000 on the
Real Estate Trust building at Four
teenth and H streets. The money vas
furnished by the American Security and
Trust Company, and the loan Is to run
for three years with interest at per
cent.
John l. Warren executed trusts ag-
gregating $4,000 on the property at
Nineteenth street and Mintwood place.
whore he will erect an apartment;
The Union Trust Company furnished
$4,000 of the money, the remainder rep
resenting deferred purchase money to
DR.. z. T. Sewers.
The business building at 1915 New
York avenue was sold yesterday for
$4,000. Joseph Hainen Is the purchaser.
Tho Park View apartments at 6lO Irving
street northwest was bought by Irving
Balm for $50 900 from Mrs E. S. Evans.
DR.. Henry H. Hazen conveyed the
apartment on Connecticut avenue. near
Garfield street. which he acquired last
week in a trade with Harry Wardman
to Emma L. Hazcn. The stamps indi-
Gated the equity at $1,000. Several other
valuable properties changed owners.
An advance of more than 81 200, 900 is
seen in the weeks loans over the record
for the opening week of June. The ex-
were 81 ,2S5, ,212.65. This sum was borrow
ed on the security of 461 lots at an aver
age interest rate of 81 per cent.
Straight loans passed the million mark
and recorded a total of s., ,043. .236. 10. The
, building associations advanced to men,
bers $40, 300. The sum of all the notes
given for deferred purchase money was
$y9, ,676.55.
Northwest property led the loan mar
ket with an aggregate Of $780, 421. Land
In the county was pledged for $4o3 ,52l. Go.
sections was: Northeast, $2s, 100; south
west, $13,650, and southeast, $500.