The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-06-17
Only Good Day for the Brokers
During Past Week Was
Wednesday, a Holiday.
FEW LARGE SALES MADE
Cheaper Properties and Loan
Market Have the Call in Dull
Trading-Big Loans Made.

The Preparedness Day holiday and In
cessant rains rlayed havoc with the
real estate market for the second week
Of June. wednesday was about the
only clear day Of the week. and WASH
ington was Zen fste" so that the brokers
made no attempt to do business on that
day. Four Of the other Ave days were
comparatively busy ones, but the brok-
week only 100 transactions involving
conveyance OF It's lots and parcels OF
real estate.
There was a dearth Of sales Of large
consideration. the medium priced and
cheaper properties appearing to have
the call on the ma. ~. The feature OF
the weeks business VS. = loan Of 1900
900 on the burlington AFSctments on
Vermont avenue. near Thof:sAs Circle.
Frederic II. Hoover and Benjamin Hoi-
10 the Union Trrpt Company to secure
an advance OF 10000 made by the FL
deity Trust Company of Philadelphia.
The loan 10 repayable IN one to fve
years and bears interest at 81 per cent.
Another Big Loan.
Another large Joan was for sll5.ooo.
This sum was advanced by the WASH
ington Loan and Trust Company to
Harry B. Wilson to finance building OF
a large apartment house on Eighteenth
street. The Union Trust Company IN
named as trustee in the deal.
A third large financial transact
tioon was closed Thursday when Ed
mund Fox placed loans aggregating
$4,000 on an apartment on Eighteenth
street, near Pennsylvania avenue. The
Union Trust Company advanced $4,000
a. trtts
too. 900 was taken by Walter J. Pilling,
administrator. The latter loan IL to fall
due in forty months, and the hrst trust
In fortv-two months.
Tuesday was the busiest day Of the
week. Thirty-two sales were made.
Friday ranked second with twenty-nine
deals effected. Monday saw twenty-eix
trades completed and twenty-five sales
were reported Thursday. on the half
holiday of Saturday seventeen deals
corder Of Deeds was closed Wednesday.
Old Properties Active.
The zone Of activity drew closer to
the old city limits this week. and the
neaf urban district attained the SUI
premacy Of the market.
The outlying suburbs were in second
place with forty-four parcels transfer
red. There were forty-one lots chang
ing owpers in the northwest, twenty
Ave In the northeast, ten in the south
east. and six in the southwest
The loan market made a sti ong bid
for the million-dollar mark. but fell
short . little over $4,000. II made the
best showing since the week ended
March Is. Exact figures in loans for
the second week In June were sses. On.
This sum was borrowed on the security
OF le6 lots at an average interest rate
OF TT per cent
Straight loans predominated the mar
ket and displayed a total of s715ii3,Ss
Building associations advanced to n,emi
bers $40. 200. The sum Of all the notes
s33. ooz. r. ""'
Northwest property returned to favor
as basis for loan security being
pledged for an aggregate Of ST. ,II7n
Land in the county was encumbered
to the extent Of ses1 .45l. 90 The record
OF loans In the other city sections was:
southwest. $1.s0o. '''' "'"