The Washington times., 1915-05-22
LOANS ARE FEATURE
IN REALTY MARKET
I'ore Than s1,000,0oO InvoIv-
ed in Operations During
Third Week Of May.

The loan market was the feature or
The real estate operations OF the third
week of May. More than sl.oOo,OOo was
involved in the loans of the past six
days and in addition certain local real
estate was included as security with
property in other cities for a bond is
sue of $20,00O.OO0 by the Crane Com
pany. a Chicago corporation.
Realty trading suffered a decline even
beyond that expected at this period OF
the month. The brokers closed only
14S sales, as compared with lS2 trans
actions In the previous week, and Isl
deals In the initial week of May. The
weeks business, however. Is pract-
oRlly on a par with the corresponding
period Of 1914, when IN sales were
reported. Involved in the trading or
the past week were 232 lots and par
GELS tof real estate.
Trading Sustains Decline.
Trading opened fairly we'll this week.
but sustained a sharp decline toward
fho end of the week. Friday, usually
one Of the most active days of the
week, proved to be the poorest Of the
six days. Wednesday was the banner
day, with a record Of "a transactions.
Monday and Tuesday were tied for Sec
ond place. each having q trades to
its credit. Thursday ranged next, with
Is deals. There were IS trades reported
on Saturday, and IL on Friday.
The zone Of activity drew nearer to
the city limits this week, and the out
lying suburbs dropped to third place
rom the commanding position occupied
for several weeks. The near-urban and
northwest sections were tied for first
place In the weeks volume Of trading
each section being the scene Of tins
suSuSs Of 50 9sr oss obess In the oSsyns
Selling in northeast and southeast
washington was on a par, each section
reporting % lots conveyed. There were
lots sold in the southwest.
$450,000 In Largest Deal.
The largest financial transaction Of
the week was the loan Of $3.50 900 pro-
cured by Abraham Lisner on the Palais
Royal property. at Eleventh and G
streets northwest. The money was ad-
vanced by the Mutual Benefit Life In
surapce Company. Of New ark, n. j.,
previous encumbrances. with a slight in
crease. The loan Is repayable in from
one to five years, and bears interest at
per cent. The trustees named are
Erederick F'relinghuysen and Edward
L. Dobbins.
Mrs. Frances C. Hall placed on record
deed Of trust on her interest in the
estates Of her parents, John NJ. and
Of $4,000 underwritten by the Real Es-
tate Title Insurance and Trust Com
pany, Of Philadelphia. The bonds are
payable May 20, 1880, and bear 8 per
Cent interest
Biggest Sale In Georgetown.
Georgetown has the distinction Of
having furnished the largest sale Of the
week, although the property is SO far
out on the extreme northern point Of
the city lines as to be generally regard
cd as county property. For a consider
alton indicated by the revenue stamps
as $4,000 William s. Minnix conveyed
q large unimproved tract at Wisconsin
avenue and Tunlaw road to Charles F.
Wood. The property Is said to have
been purchased In the interest of a
Cethollo educational institution, al
though the purchaser declines to discuss
the plans and name Of the institution.
The land is described as lots 293 to 3O5,
aea. and part of lots 262 and 264. in square
1900. and is located on the west side of
Wisconsin, avenue. with the Tunlaw
road forking for its north and western
boundaries.
The teumass apartments, at l2o1 Q
street northwest, which occupies the en-
tire triangular square bounded by
Twelfth and Q streets and Vermont
axenue, was sold again this week. For
property to John NJ Daniel.
Straight Loans Get Lions Shore.
Arthur c. Moses closed this week
the purchase Of a tract Of land near
the Connecticut Avenue Bridge in
Woodley Park. He paid $4,000 to the
Union Trust Company for 80 lots In
that subdivision. Mr.. Moses will i'm
prove the property this spring.
this week were s1.1S7,191.12. This