The Washington times., 1915-01-16
GOVERNMENT TAKES
OVER PLAZA DEEDS
First Transactions Following
Condemnation Awards Are
Filed.

The United States Government be-
gan this week the payments to property
holders within the Plaza area. including
nine and one-half squares of property
lying between the Capitol grounds and
Union station. A total Of 100000 10
appropriated for the acquisition of the
holdings. and payments will be made as
coon as owners accept the valuation
placed on the properties by a commis-
sion recently appointed by President
The first deed to pass title to a par
Gel within the area OF condemnation
was fled by Evan II. Tucker, owner
Of house las Massachusetts avenue
norheast mort sas lie ~, received treasury war
recorded by stephen b. 3. Rollins. who
transferred to the United States Of
street street northeast for N,22l. Isaac G.
chusetts avenue northeast, extending
through to Il street. for 5000. and
Sharies T. Jacobs was paid $500 when
ne signed a deed to house 116 Massa-
hnsetts nt avenue northeast. Martha Il.
Hien ~ mas transferred her property, at
~ IT. 'Massachusetts avenue northeast to
'he Government and received $500.
20 AIhaeo impetus is expected to be given
10 10 the me winter trading by the settlement
ers. Inc brokers are expecting that q
considerable portion Of this money will
,,n1 a ts way into the realty market.
.ner homes are to be bought by own
ers nov residing within the Plaza area
and other investments viii probably be
maze In other sections of the city by
nonresident owners
Activity Desired.
A review OF realty operations shows
that the anticipated demand will be
appreciated by the brokers, who were
unable during the second week of Jan
uary to maintain the rate Of activity,
with which the new year was inaugu-
rated. During the past six days. the
brokers' closed 102 transac tons involving
2lo lots and parcels of real estate.
Friday was the busiest day Of the
week having twenty-three sales to its
cTcut wednesday ranked second with
tW,.e,hty-two sales followed by Thursday
Win nineteen sales reported. There
were sixteen grades recorded on Mon
day, fourteen on Tuesday, and eight
on the half-holiday OF Saturday.
me near.urban section again led the
market this week with a total of
ninety-tive lots conveyed. The outlying
suburbs were in second place having
hfty-ive parcels to it's credit. The
northeast ranked third with thirty
three lots transferred. There were
twenty lots sold in the northwest. five
in the southeast and two in the south
west
Mortgage of S127,5OO.
George vOE L. Meyer. former Secre-
tary of the Navy. figured in the largest
financial transaction Of the week, II,
placed mortgage of $l27.5O0 OH his
property located on the south side Of
II street northwest. between Fourteenth
ana Fifteenth streets, to the Massachu-
setts Hospital Life Insurance Company
The money Is to be repaid in three
years. and bears interest Of 8 per cent.
TWO properties on Connecticut avenue
Inquired in the weeks transfers. Leroy
futile bought for $4,000 premises sic
connecticut avenue from Thomas Bones
Walter r. Tuckerinan sold q half inter-
t. Sarah G. Thompson The value of
the property was placed at $500 in the
transac ctiOn.
At a valuation OF 81. 500. Leroy Tuttle
sold to Harry Wardman and Thomas
Bones the land at the corner Of Florida
avenue and Decatur place. Walter H.
klopfer sold for 5000 the property ut
Hobart and Mount Pleasant streets to
Mary G. Whelan.
The Arion Gesang Verein sold its prop
erty at 1906 T. street northwest to Albert
Carry and Charles A. Garry, trustees of
the National Capital Brewing Company.
The company had trust on the property
and the resolutions of the directors OF
the vcrein attached to the transfer di-
lected the conveyance to satisfy the
debt.
Loan Market Firm.
The loan market remained firm this
Week, showing a total of $455. 5.473 81. This
sum was borrowed on the security Of
zU lots at an average interest rate
of SIS per cent
Straight loans dominated the market
having an aggregate OF $3.50. 1894. The
| sum of all the notes given for deferred
purchase money was S3,SO0.4S. Building
associations advanced to members
| sol. 800
Land in the northwest was most fav-
ored as basis for loan security being
pledged for total Of so09. 1854. County
property was encumbered to the extent
of $l92, ,2S3. .4S. The record of loans in
| The other city sections was: Northeast,
200; southeast. $3.50, and southwest,
| "a, $50.
CxUoH don Go<c non