The Washington times., 1917-03-24
CAPITAL REALTY
TRADING GROWS
Increase of Nearly $500, 900
Reported in Loans Of Week.
24e Parcels Involved.

Realty trading improved both in
quality and volume during the third
week of March, even though there
were five less sales reported during
the last six days than in the preceding
week. A number of valuable proper
ties changed owners, and nearly half
again as many lots were transferred.
Ssre were l26 transactions effected,
involving 249 lots and parcels of real
estate. An increase of nearly $4,000
is reported in the loans of the week.
Although it is stated that Harry
CrandaII will invest 100000 in the
purchase and Improvement of the site
near Tenth and + streets for his new
motion picture theater, the deeds have
not been recorded. The feature OF
the weeks trading in downtown ousi-
ness property was the purchase oy
James O'DonnelI of the property at
the southeast corner of Seventh and
G streets, occupied for many years by
Schwing & Clark as a restaurant. Mr.
O'Donnell paid s65,10O for the prop
erty. He has not announced his plans
concerning the purchase.
Obtains s225yOOO Loan.
Joseph J. Moebs figured in the larg-
est financial transaction of the week,
when he secured a loan of $225,OOO on
the Arlington Apartments, which he
has recently completed on Vermont
avenue. The money was advanced by
the Prudential Insurance Company
and is repayable in from one to five
years. The Munsey Trust Company
and Wilbur S. johnson are named as
trustees to hold the title to the prop
erty pending the repayment of the
loan.
Mr.. AIoebs also purchased two lots
near Nineteenth and l. streets north
west from John T. Crowley and Mary
f. Davis. The Crowley lot cost S16,-
800 and the Davis property $4,000. Mr..
Moebs placed loan of $4,000 on the
combined frontage. 1t is expected he
will erect an apartment on the site.
Land near the new Department OF
the Interior building was acquired
during the week by John E. Mitchell.
The corner of Eighteenth and L
streets northwest was bought from
Jacob Cohen for $10,657. The other
lot was sold by Harry G. Laycock, but
the price is not made public.
The weeks trading was distributed
fairly well. Thursday was the banner
day with twenty-seven sales to its
credit, followed by Fridays showing
Of twenty-six deals. There were twenty
sales completed on Tuesday. eighteen
each on Wednesday and Saturday and
seventeen on Monday.
Northwest the Leader.
The northwest section sustained a
boom which placed it in the front rank
of the weeks selling, with seventy
eight Sots. The outlying suburbs were
close at hand. with sixty-eight parcels
conveyed. There were fifty-five lots
sold in the near-urban district. twenty
eight in the southwest, and sixteen in
the northeast Only four lots were sold
in Southwest Washington.
The exact figures in the loan market
this week were S922.143.75. This sum
was borrowed on the security OF 166
lots at an average interest rate Of So
per cent.
Straight loans had the lions share OF
OF SS0l $50. The sum of all the notes
given for deferred purchase money was
ss1.54375. The building associations ad-
vanced TO members SIS. $50.
Northwest property won highest favor
as A basis for loan security. being
pledged for a total of S717.245. Land in
county was encumbered to the extent Of
$161, 1876. The record of loans in the
other city sections was northeast. S37.-
500; southeast. 1850. and southwest. $500.