The Washington times., 1916-09-16
Munsey Trust Company Figures
in Two Largest Transac.
tons Of Period.
TRUSTEE FOR HOTEL co.
Harrington to Build Large Ad-
dition on E Street-Tax
: Deeds Filed.

Realty trading continued to show inn
provemcnt during the second week Of
September.
While the number OF transactions In
only slightly in advance OF the initial
week of the month. the volume of trad
ing evidenced a decided increase. Dur
ing the past six days the brokers closed
lo6 deals I'm which were involved $50 lots
and parcels of real estate. These trans
actions were In addition to lc7 tax deeds
recorded yesterday.
The weeks trading was rather evenly
distributed. Monday was the banner
day, with a total OF twenty-five sales.
Wednesday ranked second. with twenty
deals, followed closely by Tuesdays
showing of nineteen trades. There were
fifteen sales reported on Thursday. four
teen on Friday, and thirteen on the
hslf-holiday of Saturday.
Busy Day for Recorder.
Yesterday was the busiest day OF 1916
in the office OF the Recorder OF Deeds.
when an aggregate OF $50 papers were
offered for record. The days total was
swelled by the filing of lN tax deeds
from the District Commissioners for
property. sold for delinquent taxes In
1sll As the owners failed to avail
within two years. the Commissioners
executed deeds to the various properties
to Charles +. wiltsie. Mary A. wad-
hams. and w. Grant wadhams Of
The transfer Of $50 lots in Blue Ridge
Heights, near Chevy Chase Circle.
caused the outlying suburbs to out
distance the other sections In the race
for supremacy during the past week. a
total OF i62 parcels changed owners In
this section. while TN, ncar-urban dis
trict was in second place with ~ lots
convened The northwest ranked third
with % lots transferred. while Is lots
were sold in the northeast. Nins lots
each were transferred In the southeast
and southwest
Munsey Trust Company Trustee.
The Munsey Trust Company figured
in the two largest transactions CT the
week. The COMPANY took title. as trus-
tee. to the 800 lots conveyed by the
Blue 3idge Heights Company. and was
also named as trustee to hold title to
ihe Harrington Hotel property at
Eleventh and + streets northwest. pend
$sSo00l. rbe hotel company viii build
a large addition IN u street to com
form with its present building. The
bonds, are payable in three years, aid
boar interest nj per cent.
The Georgetown water front Is to be
improved by the erection of buildings to
cost s20o.0OO on property purchased yes
tcrday by the District of Columbia Pa
per Manufacturing Company through
William II. Manoguc. The land. valued
at about $4,000, Is located on Grace
street In the rear of the company's plant
at Potomac and Water streets and was
acquired by Mr.. Manogue from several
owners. United States Attorney Laskey
owned one of the lots bought by the
paper company.
Middaugh & Shannon acquired thir-
teen lots in the subdivision of Four
tenth Street terrace from the Lynch
burg Investment Company. The price is
indicated at $0.500. II Is expected the
land will be improved shortly.
Loan Market Active
The loan market displayed an advance
Of more than 1000 this. week over the
record for the opening days Of Septem-
Der. The exact figures In loans for the
past week were s644. 23963. This sum was
borrowed on the security OF 1SS lots at
an average interest rate OF SIS FER cent
The bulk of the weeks loans was of
The straight" variety, which totaled
s496, 50I.65. The building associations ad-
yanced to members $50, 700, while the
sum of all the notes given for deferred
purchase money was $iS.03l.9S.
Northwest property returned to favor
as a basis for loan security, being
pledged for an aggregate of S392 500
Land In the county was encountered Ia
the extent of 1874 .S27.65. The record OF
loans In the other city sections was:
Northeast, si4.474: southeast, &c. 900, and
southwest, $2.4479S.