The Washington times., 1916-06-24
100000 LOANED.
ON CAPITAL REALTY.
IN LAST SIX DAYS
Sets Record for 191e-De cIded
Improvement Also Noted In
Sales.

Loans on Washington real estate exc
ceeded 100000 during the third week
OF June. This Is the first time in 1919
that so much money has been borrowed
In six consecutive days.
A decided improvement Is also noted In
realty selling. the market having re-
covered from the slump Of the pre-
ceding week and displaying an increase
OF forty sales over the business Of the
second week of the month.
During the last six days the brokers
placed loans aggregating s., ooo, 223.el. and
closed 1859 transactions. in which were
involved 2s5 lots and parcels Of real
estate.
The last weeks trading was only
seven deals behind the record for the
flrst week Of May. when selling touched
ranks third In the years activity.
The brokers have had few buster days
this year than yesterday, v hen fcrty-
two sales were reported. Monday made
the next best showing, with thirty
Saturday ranked third. with twenty
six trades effected. There were twenty
nve sales closed on Tuesday. twenty
four on Thursday. and twenty-five on
Wednesday.
Retains Supremacy.
The near-urban district retained the
supremacy OF the market furnishing 1ls
lots out Of the weeks total Of 2s6.
The outlying suburbs were in second
place. with sixty-four parcels conveyed,
followed closely by the northwest, where
sixty-one lots changed owners. The
northeast and southeast sections of the
city were tied with twenty-seven lots
In he ~
west.
The largest financial transaction OF
the week was closed yesterday when n
deed OF trust for $4,000 was recorded
Department of Labor on @ street. boz
tween Seventeenth and Eighteenth
streets.
Edward ]. Walsh and Philip F, Gorm-
ley, who own the land on which the
building Is to be constructed, conveyed
II to the Union Trust Company as trus-
tee to secure tho repayment Of thu ad-
vance to the Fidelity Trust Company.
Of Philadelphia, which furnished the
Il Is trustee. The loan Is repayahle in
from one to five years, and bears in
terest at 50 per GENT.
For a consideration stated as $40 I0eo.as.
Roberta K. Stone Wilmer and Bessie
p. Stone took title to premises, 1915
Pennsylvania avenue northwest, occu-
pied for many years by the Postal Tele-
graph Company. The property was Sc
cured from the Stone Land Company.
D. A. r. Buys Property.
The National Society Of the Daugh-
tiers of the American Revolution ac-
auired an extensive tract OF vacant
property on C street northwest. between
Seventeenth and Eighteenth streets. d.
rectly west of Continental Hall. Four
Of the lots have an aggregate frontage
OF about 200 feet and the fifth one fronts
20 feet on Eighteenth street street between ,sea
about sS5, TO- This purchase gives the
society the ownership of the major por-
ton OF the entire square.
The Washington and Old Dominion
eoe1 to so29 NJ street. from Frederick w.
Graham.
Kennedy Brothers are expected to
make extensive Improvement on kalo-
rama road. between Sixteenth and Sew
teenth streets. They have spent more
than $500 in securing eighteen vacant
lots from David j. DUNCAN and others.
AZ a price indicated by the revenue
purchased a lot on the north side of
California avenue. between Twenty
fourth and Twenty-ffth streets. His
plans have not been made public.
Benjamin w Guy has ACQUIRED a por,;;
Seat, in Sixteenth street. near the reser-
voir It is expected dwellings will be
erected on the site for Mr.. Guy and
for his son, Walter B. Guy. The price
OF the land is said to have been SIS, 500,
The loan market set a new high mark
for 1916 this week. The exact figures for
the loans of the week were $1,000. 223 a..
This sum was borrowed on the security
Of 3o1 lots at an average interest rate
OF 81 per cent.
The bulk of the weeks loans were Of
the straight" variety which showed an
aggregate of 800, 3O9.42. The sum of all
the notes given for deferred purchase
money was SITS. 564.22 The building asso-
Citations advanced to members sl2l $50.
The northwest easily won highest
favor as a basis for loan, security being
pledged for a total of $571 ,273.7l. County
property was encountered to the extent
OF 1868. 1888 The record Of loans In the
other city sections was: Northeast. $751;
40; southeast, s25,ol6, and southwest.
$500