The Washington times., 1910-09-10
First Week of September
Shows Increase Over
80 Last Year.
NORTHWEST STILL
HOLDS THE RECORD
Loan Market Receivers Somewhat
From Depression of August's
Last Week.

Fail trading in real estate is of to
a good start Despite the weather
bareback and the abbreviated week,
due TO Labor Day holiday, the efforts
OF the local brokers met with salts
flying results for the first week OF
September.
SateS involving 172 lots were closed
during the week A COMPARISON with
the business Of the corresponding
week last year diScIOses an advance OF
10 per cent in favor OF the past week
Building operations VIII be given an
increased impetus this fan, If the sale
OF unimproved property continues as
II has begun this week The purchase
by Charles w. King, ST., from the Co
lUmbia Heights Realty Company, OF
about 10000 feet Of unimproved land
on the north side Of Florida avenue,
extending west from Thirteenth
street, was one of the weeks fea-
lures In the sale Of vacant property
FOR building purposes Mr.. Kings
operations this year IN this vicinity
have been extensive. and he has found
ready sale for his houses He is ex-
pected TO begin building shortly
Adds To Operations
Herman R Howensteiz added 10 his
extensive operations in East Wash
ingtOn this week by the purchase Of
the UnimprOved property adjoining on
the south the Ninth Street Christian
Church. at Ninth and y streets north
east Improvement Of the land is ex-
pected at an early date
While the deeds have not passed,
another extensive purchase Of vacant
ground IS announced IN the sale 10
Dr. Louis KOIipinski Of the northwest
corner OF Eleventh and Kenyon streets
northwest The property fronts 143
Ieet on Eleventh street, and contains
lS-GoG feet One-story shops OF at
tractiye design viii be erected on the
property The land j. said to have
cost Dr. kOlipinski $500
Two sales were completed this week
IN the business section, but the deeds
DO not disclose the purchase price in
e.ther case Simon and Gustave Op-
Eenheimer purchased the building at
5l4 Ninth street northwest. Just below
r street from the Wheeler estate
Premises 615 r ctreet northwest be
came the property Of Terence FeCan
by transfer from Laban G. Kelly
Near the Union Station
Next 10 the business section transfers
at OF near the Union Station plaza are
worthy OF note The Coca-Cola Com
pany, during the past week closet its
purchase Of three lots and part OF a
fourth lot on the west side Of North /
capitol street. north of MasSa chuSetts /
avenue and directly opposite the site I
bought by the Government for the CITY
postothce- The price paid the Union I
Trust Company which held title a.
trustee for the owners, was $3.50. The
figure is considered the value Of the
land only, as the Improvement consists
Of old frame buildings which are 70 be /
removed The company, Il has beer an
nOunCed, viii build an attractive ware
house and sales room on the property
The suburban section, which for sew
eral weeks continued 20 lead in the |
number Of sales, was forced into second /
place this week by the activity In the
near urban district OF the total OF 172
lots transferred IN the five working days
included in this review sixty-nine lots /
were sold IN the nearby tracts. while 1
only hfty-seven lots changed hands IL I
the outlying subdivisions
Northwest Still Leads
The northwest still leads the sections
OF the city proper with twenty-five lots
sold. followed by the northeast. with /
twelve lots. In the southeast nine lots /
were transferred. while only three lots
were conveyed in the southwestern sec
ton
The loan market recovered somewhat /
from the depression Of the last week Of 4
August, showing a total this week Of /
S2S1.332-22- advanced on the security OF 1
172 lots at an average interest rate OF 4
Sc Der cent New loans continue 20 ]
lead the market. aggrega ting SIES,9T6-25- /
Deferred purchase money notes given j
this week amounted 10 SlGt, 1881 while /
The greatest demand for money came 1
from the owners and buyers of country 1
property. where S176.4s1-59 was loaned /
In the northwest was borrowed Sll.lll6S- /
northeast. 1880. southwest, s. 100, and /