The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-10-07
INCREASE SHOWN IN
REALITY SALES FOR.
OPENING OF MONTH.
Record Marked Improvement
Over Previous Weeks-Near
Last Years Activities.
COMMISSIONERS IN MARKET


auspiclousiy. The brokers In the initial
week Of the month completed l6l Deals
in which were involved 2iS parcels OF
real estate. This number OF transac-
lions ~ ten in excess of the record for
the closing week of September. and is
only four less than in the opening days
of October, 1915.
In the volume OF trading the past
week excels by forty-one lots the ac-
tivlty of the corresponding days. or
1916, and II fifty-eight lots In advance
of the business OF the preceding week.
The feature of the past weeks bust
ness was the appearance OF the Dis
trict Commissioners among the ieuders
OF money on the security of real estate.
This IL a new role for the city faith
| ers. but the law has made the Board
OF Commissioners perpetual trustees or
the unexpended funds from inaugural
guarantee contributions and the funds
have reached $4,000. Heretofore. this
money has been invested In bonds, but
| the present board determined to invest
| In real estate security.
Apply for Loan.
w. s. Hoge a. Brother. a corpora
! ton, applied for a loan OF $3.50 on
its property at Sixth and e streets
southwest, which Is improved by a
large warehouse and other buildings.
valued at $4,000. The Commiss 81 DOR ers
| approved the SECURITY and the land
\ was conveyed by the corporation to
Alonzo Tweedale and Walter Il. Guy
to secure the repayment Of the fund
in five years with Interest at 5h per
| cent. -. :
Another interesting loan of the
| week was secured by the trustees OF
the Sixth Presbyterian Church from
the Home Savings Bank to finance
the building of the new home of the
congregation at Sixteenth and Ken
nedy streets. An advance of $4,000
was made by the bank on the security
of the new site and of the old church
| property at Sixth and G streets
| southwest. The loan is to be paid
In three years.
Tuesday Busy Day.
Last Tuesday proved the busiest
day the brokers have experienced
since mid-July. In closing forty-two
trSnsactions they were only eight
single days business. The trading
OF the remaining days OF the week
was about evenly distributed
twnsyt-sIx sales each. Monday re-
ported twenty-four deals and twens
ty-three trades were effected on the
half holiday OF Saturday. Wednes.
day had the poorest showing with
only twenty trades to its credit.
Nearly half the weeks trading was In
the outlying suburbs. where lis parcels
changed owners. The near-urban dis
trict ranked. second with forty-sever
iots transferred. followed by the north,
west with thirty-four lots TO Its credit
There were twenty-one lots sold in the
northeast. sixteen In the southeast, anc
ntteen In the southwest.
Medium priced property had the cal
OF the market and there were few trans
actions closed at high prices. Probably
the most valuable property purchased
curing the week was premises 92l
street northwest bought by Mabel X
Linkins from Charles J. Langmead. Tn,
CONSIDERATION was not stated but Mrs
Linkins gave'a trust for $4,000 for tn,
deferred purchase money.
Other Sales Made.
Others sales included 1925 Q stree
northwest. bought by John DESMOND
from Thomas A. Lee: premises 20l6 Fiji
teenth northwest. sold by Nina " A
West to Jacob s. Gruver; 1884 Nineteenth
w. colliere from Edythe DIckins. and
lot In Woodley Park sold to the latte
by Mr.. Colliere. The National Capita
Realty Company reported sales in tn
subdivision OF Longfellow Terrace las
tuesday In the aggregate OF more tina,
$35. 900.
The half-milIion dollar mark wa
passed In the loan market during tn
first week OF October. The exact figure
1851. O2s. IS. This sum was borrowed OF
the security OF 2i7 lots at an avefag
= interest rate OF 81 per cent.
Straight loans predominated with a
aggregate Of 1851. 1859. The sum of a.
: the notes given for deferred purchas
money was 800. $3.50. The building az
( sociations advanced to members 81 $50.
9 County property won highest favor a
, a basis for loan security being pledge
= for a total of $241, 372.05 Land in tn
. Northwest was encountered to the ex
s tent OF s212.9543O. The record OF loan
= In the other city sections was: South
: west $4,000: Northeast. 81. $50, an
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