The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1917-03-17
Proceedings to Confirm Infants
Interest Make Public Pro-
posed Exchange.
VOLUME OF SALES GROWS
Increased Demand for Suburban
Property HeraIds Approach
of Spring.

Real estate valued at 100000 is
came public yesterday when proceed
ings were Instituted in the District
Supreme Court to confirm the interest
of an infant in the property. John
w. Thompson, as guardian of his
brother, asked the court to approve
an exchange of the business proper
ties at 1906 F street and 51S to SOS
Twelfth street northwest for the new
seven story apartment recently COM
pleted by Bates Warren at 1868 Col
umbia road.
The value OF the apartment is said
to be s435, 900, Of which 100000 is
represented by a deed of trust. The
downtown property will figure in the
transaction at about S27O,oOO, it is
stated. This land is free of en-
cumbrance.~
Another Columbia road property
figured in the actual transfers of the
week. David A. Baer sold to Buchanan
H. McCeney, an apartment between
The price is not given. but the con-
veyance was subject to an encum-
branee of $47,24556. The same pur-
chaser also bought the corner of
Wyoming avenue and Twentieth street
from Nellie !. Bradford. Only a
nominal consideration above a trust
Of $2s,5O0 is stated.
Realty Trading Receivers.
These sales constituted the features
Of the realty trading of the second
week OF March. which recovered
somewhat from the slump attending
the inaugural season. An advance Of
twenty-five deals over the business
of the first week of the month was
reported. During the last six days
the brokers closed 131 transactions,
involving 1T5 lots and parcels OF real
estate.
The approach OF spring is heralded
in the increased demands for suburb
an property. The outlying suburbs
increased their lead of the market
this week with q total of fifty-seven
parcels changing owners. The near
urban district was in second place
with forty-seven lots conveyed. The
southeast ranked third with thirty
five lots sold. There were thirteen
lots transferred in the northeast.
twelve in the northwest and eleven
In the southwest
, Trading was rather evenly distrib-
uted throughout the week. Wednes-
day was the busiest day with thirty
two sales to its credit. Friday was
in second place with twenty-five deals.
followed closely by Mondays record
of twenty-four trades, and Thursdays
showing of twenty-three sales. There
were fifteen sales completed on Sat
urday, and twelve on Tuesday.
Loan Market Declines
The loan market. did not measure up
TO the activity in trading bVt display
ed a decline Of $4,000 from the record
of the opening days Of March. During
the last six days the exact figures in
loans were $sSS, PISS This sum was
borrowed on the security Of Isl lots at
an average interest rate Of SIS per cent
Straight loans had the bulk of the
business aggregating 1851. 0l2.3. The
sum Of all the notes given for deferred
purchase money was S70,999.05. Build
ing associations advanced to members
$50 200
Northwest property continued to lead
as a basis for loan security, being
pledged for a total OF $4l1.15 County
property was encumbered to the extent
of $165.S66-SS The record Of loans in
the other city sections was: Southeast,
$520O5; northeast, $30.S50. and south
west, 81, $50