The Washington times., 1917-06-16
ADVANCE ESHOWN
In REALTY TRADING
Liberty Loan Drive Fails to
Affect the Market.
LOANS EXCEED 100000
Transfer Of Southern Building
Leads Transactions.

The final drive for Liberty bonds
did not have a deterrent effect on the
real estate market. with the realty
loans OF the past six days exceeding
81 900 900. the brokers also closed 1871
transactions in which were involved
the transfer of 23T lots and parcels
Of real estate. The number OF sales
is sixteen in advance OF the trading
Of the opening week of June.
In the corresponding week OF 1915
only 100 deals were effected, and only
lT5 lots changed owners. In the
similar week OF 1918 there were 1855
trades reported. During the second
week of June. 1914, the same number
OF sales was recorded as in the past
six days.
Tuesday was the busiest day OF the
week. having thirty-five deals to Its
credit. Wednesday and THURSDAY
we're tied for second position, with
twenty-eight sales each. Friday wit
messed the closing Of twenty-siX
trades. and on Monday twenty-five
sales were recorded. There were mr.
teen deals effected on the half-holiday
of Saturday.
Although experiencing decided
drop in the number OF parcels con-
veyed. the outlying suburbs retained
the lead OF the market, with seventy
four parcels. The northwest ranked
second with sixty lots transferred. be-
ing followed closely by the near
urban district, where fifty-four lots
changed owners There were twenty
six lots sold in the northeast and
nineteen in the southeast. -Four lots
were sold in the southwest.
Southern Building Transferred.
The Southern building. at Fifteenth
and H streets northwest, figured in
the weeks transfers. The First Ma
tional Fire Insurance Company con-
veyed the property to the Southern
Realty Corporation. at a valuation OF
81 100000. The transfer was subject
to a trust of 100000, and the new
purchaser placed a second trust OF
1855. 900 on the land.
BY a lease recorded yesterday the
Semmes Motor Company will take
over the Union Garage. on g street
northwest, between Sixth and Seventh
streets. for a term of ive years. The
annual rental Is stated as $4,000. A
privilege Of renewal for an additional
three years is given in the lease at
The same rent.
Julius !. Peyser took title during the
week to the Casino Theater property.
on F street northwest, near Seventh
street. He purchased it at auction
some weeks ago for $4,000.
Among the apartments sold during
the week were the CoywOod. at 1878
l. street northwest. and the Ashburn,
at Thirteenth and Harvard streets.
Mrs. Caroline Caughey sold the Coy
wood TO Louise c. Putnam. The price
IS reported as about $4,000. lsidor
lirosner became the owner OF the Ash
BURN by purchase from Harry Ward
man. The price is not stated.
Loan Market Takes Jump.
The Interstate Building Corporation
issued new bonds during the week in
he sum OF 100000. The bonds are
payable April l, 1922. bear 8 per cent
interest, and will be used to take up
an outstanding issue.
The loan market took a jump OF
MALT a million during the week. The
exact rigures Of the loans OF the past
six years were Sl.3I5.9I6.33. This
sum was borrowed on the security Of
.26 lots at an average interest rate
II 5 per cent.
Straight loans had the lions share
II the weeks business, with a total
II lii $40. The sum Of all the notes
given for deferred purchase money
Sas S1lI. jSG.;3. Building associations
advanced to members SS9.I5O.
Northwest property retained favor
as a basis for loan security. being
pledged for an aggregate OF 81 .lOS,'s5.
and in the county was encountered
10 the extent Of SOS. 81 The rec
ord Of loans in the other city sections
was: Northeast. S3S.lO5: southeast.
ktc Az and spufhWesf 81 600.