The Washington times., 1916-12-16
Sum Of $2,020,525 Borrowed
on Local Realty During
Past Six Days.
SLIGHT DECLINE IN SALES
Review of Weeks Activity
Shows Fluctuation in the
Market.

Loans on real estate reached q new
high figure during the second week
OF December. In the past six days
s2,020,525.10 was borrowed on the Sc
curlty Of local realty. This total has
never before been recorded in Wash
ington In any similar period, IL In
said.
While the brokers were piling up
the loans slight decline was no
ticeable in the sales department. A
this week from the activity OF the
opening days OF the month. Included
In the weeks aggregate OF 1875 trans:
actions were 253 lots and parcels OF
real estate.
Compared with the corresponding
period OF 1918 the past week shows
an advance OF ten sales. The volume
OF trading In also In favor OF this
weeks transfer of 1853 lots, as against
1DO parcels conveyed In the second
week OF last December.
FIuctuation In Market.
A decided fuctuation in the realty
market IL displayed in n review OF
the weeks activity. On Tuesday the
brokers succeeded In closing as deals.
while on the half.holiday OF Satur.
day only 10 trades were effected.
Monday ranked second, with 30 sales
to Its credit, followed by Wednesday,
with 20 deals. There were IL sales
completed on Thursday and IL on
Friday.
Despite two snowstorm.. the outiy.
Ing suburbs outdistanced its competi.
tors for the supremacy I'm the weeks
trading. This section was the scene
OF the conveyance OF 1I2 parcels. The
place, with n lots soid. There were
fortysix lots conveyed In the north.
west, fourteen In the northeast. and
ten In the southeast. There was no
sale reported during the week In
southwest Washington.
Corcoran building Purchase.
Tho chief transaction OF the past
six days and one OF the largest OF 1916
from the point OF view OF the money
involved In the purchase and proposed
Improvement, was the acquisition bv
the National Capital Hotel Corpora
tlOn OF the Corcoran building, at FIJI
teenth and J. streets, from William G.
Eustis. While the exact consideration
" not made public. the new owner
placed trusts aggregating l,tet.ooo on
the Metropolitan Life Insurance Com.
pany, OF New York, $3.50. 900, which IL |
probably the largest encumbrance on
any single holding OF real estate In |
Washington. second trust for $500. |
900 was given TO Mr., Eustis for de. |
ferred purchase money.
John l.. Warren purchased last |
"wednesday the unimproved property |
at the northeast corner OF Fifteenth |
and T streets northwest. The tract In |
cludes fiye lots. The price IL not stat. |
ed. but deferred purchase money |
trusts aggregating 1000 were given.
once Building sold.
The Office building ut 40 Louisiana |
avenue, once occupied Rs detective |
headquarters, was conveyed during |
the week. The American Issue Pub. |
fishing Co. transferred tho property |
TO l.. whiting Estes. a nominal con. |
sideration only II stated.
The Gpamercy Investment Com. |
pany acquired a one.thlrd interest N |
the Huyler building. at Twelfth and !
y streets northwest. Coulter u. Huy- !
Daniel l.oughran added 20 his realty |
holdings by purchasing the Belt A. |
Dyer mill property. at Thirteenth and
G streets northwest William III. Dyer |
alton is not stated. but the new own.
er borrowed $4,000 on the building.
Among the apartments changing |
owners this week was the Yorkshire. |
sold the property To Thornton Carusi. !
who In turn transferred the building |
TO Walter T. Weaver. The consider. |
alton In the deed Is nominal.
Lonns Break Record.
The record breaking total OF loans
OF s2.O2O. 525,lO was borrowed on the
security OF 2i4 lots. The average In
tsrest rate was 81 per cent.
Straight loans were decidedly In
aggregate OF 81. ssi,7Si' The sum OF
all the notes given for deferred pur-
chase money was s5T3,2Ii.lO. The
building associations advanced TO
members sac 800.
The Corcoran building loans placed
the northwest section well In the van
OF the market, with a total OF 81 $50.
O24. Land In the county was encum-
bered TO the extent OF S2O7, 0Sl 10.
The record OF loans in the other city
sections was; Southeast, S10,S2O; |
northeast. $4,000. and southwest,
$500.