The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-12-17
IN REALTY
SHOWN BY LOANS
December Is Lucky Day for
Brokers, as Pledges Ag-
gregate S274, 165.

The loan market furnishes the most
striking feature IN a review Of the
activity for the past week in realty
circles Trading. however, was ex-
ceedinz xiv brisk for the season of the
year, and while but few deals at
large prices were closed. the number
Of lots transferred reached 425, an
advance Of 30 per cent over the ope-
rations OF the first week Of December
The 18th proved a lucky day for the
brokers, as the loans for that day
reached what Is considered an IN
precedented figure for a single day,
when no bond issue IS recorded.
There were closed loans aggregating
S274155. which went q long way to-
ward swelling the weeks total Of
loans 70 S721. $3.50 Among the loans
recorded last Tuesday was one for
$50. 900. another for $4,000, another
for $50, 600. stiu another $4,000, and
one for $4,000
Some OF these loans were secured
BY builders on lots about 10 be i'm
proved. while others were obtained
to pay of old encumbranCes or in
part payment Of recently acquired
properties
Activity In Suburbs
OUTLYING So bdivisIon property still
continues to sell despite the heavy
mantle Of white which hides It Out
Of the 425 lots conveyed this week
2T2 were in this section The near
urban district ranked second in the
number of lots sold, with seventy-one
ConveyanCes.
Within the old city limits the north
west led the weeks market with
1fty-six lots The southeast came
next. with fourteen lots transferred
followed by the northeast. with ten
lots changing owners Two convey
anCes in the southwestern section
were recorded during the week
The most important sale OF the
of Fourteenth and Belmont streets
Included in the se4e by John B Dahl-
gren, through Edmond Mallet. II, 70
Pa dT Nei g aaos eFg PT4@lSsSS
street and 1900 and 1902 Belmont
street The price paid IS stated to
have been 10000. The property Is I'M
proved by stores and residences and
Comprises two lots and parts OF two
other lots in what was once the south
grounds Of the Columbian University
property
ness section this week, but the
American Mosaic Company bought
premises S1Z I street northwest which
is located IN g GaSClCL LaSL ElNl-A5
way to the noTthwaTd strides OF bust
ness The property was purchased
from Z. Cabc'I Williamson. trustee.
for q Consider5 Lon Of S12.5o0-
A house on -he south side OF II
street. between Twelfth and Thir-
reeuth streets. near the business cen
ter also changed hands Ada Arun-
del purchased part OF original lot Il,
in square 2SS. from John B ROcce-
The price is not stated
A number of sales in InBieside ap-
Oear. in the weeks record which also
shows that the activity IN PetwOrth
Dropertv continues. Washington
Hefghts and the Holmead estate also
came IN fer q good share Of the bust
ness Of the week
Interest Rate Unchanged
Three hundred and ninety-tvo lots
were pledged this week for the re-
payment Sf the total OF S721,452-6e
nut out in loans. The average in
terest rate continued at 81 per cent.
More than three-fourths of the
money was advanced on new loans
which totaIed 1855. 9S3-19. Deferred
purchase money trusts aggregated
SIS O6g so, while the building assOCia-
lions advanced S6T,450-
Suburban property Improvement is
responsible for S3S5.35S69 OF the
money borrowed In the northwest
the total Of loans was 1885. geo. while
the other sections show northeast,
s45.2S0- southeast, S24Z64; southwest,
S11550-