The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-07-02
Papers Filed Exceed BY
Nearly 1000 Those of Any
Other Similar Period.
LOT SALES OF WEEK
REACH TOTAL OF $50
Loans IN District in Seven DAYS
Pass Million Dollar
Mark.

The largest volume Of realty trad
Ing ever done in a twelve-month is
the proud record Of the fiscal year
1910, which came TO a close during
the past week The records OF the
office OF the Recorder OF Deeds show
that from July 1, 1909, until July /.
1910, there were filed 24,g11 papers
efectinS transfers Of real estate,
exceeding by nearly 1000 all previous
records in the history Of that office
The fiscal year 1909 had been the
banner year in the Offices history.
but 1910 easily stripped the IaUreIs
from the previous year and estab-
Eshsd a new record
As two papers are necessary. on an
average, TO close each deal in real
estate, the increase OF 1000 papers
would indicate that about 1000 more
deals were closed during the past
fiscal year than in any previous year
In the history Of Washington. and
that In the past twelve months the
District has experienced the greatest
boom in real esate il has ever known
Monthly sales for Year.
The figures for each months rec
ord are interesting as evidencinE q
healthy market throughout the en-
tire fiscal year The record beginning
with July. 1908, is July. ais pa
pers; August 1862; September. 1892
October, 2,257; November, 2.I74; De
cember, 2,I41; January, 1.7ST, Feb
ruary, 1855 March, 2.284. April,
2,2077 May, 2.361- June, 2.2s5-
The total investments in the pur-
chase Of. or loans on. real estate for
the month Of June amount TO S6,OOO.-
O00, falling about one million short
OF the investments in Nay and ex-
ceediug by the same amount the
figures fer April
Two bond issues, one for $500 900
and the other for 100000. and the
sale Of two properties on C street
IN the business section are the fea-
lures Of she weeks record The Dis
ing Company authorized an issue Of
$500. 600 in . per cent bonds. payable
April 2, 1895 TO secure the payment
Of which II pledged to the American
tTiCt Of Columbia Paper Nam factur-
Security and Trust Company its
property on Water street in George
town
Second Mortgage Issued
The Arcade Company, which has
taken over the property Of the Arcade
Amusement Company, az Fourteenth and
Park streets. issued 10000 Of second
mortgage bonds payable in ten years
with interest at Per cent The Ma
tiOnal Savings and Trust Company Is
trustee under the mortgage, which is
secured On the Arcade building and
surrounding properly The mortgage IS
subject 10 q prior eacUmbrance OF
5000
Woodward & Lothrop sold during the
week the business property at 1212 q
street TO Fred A Schmidt, who recently
sold his holdings on Ninth street north
west, near Z street, to Albert Garry
The consideration is not given, but is
supposed To be between $4,000 and
81. 0O5- The building fronts p feet on
G street and has q depth Of nearly 100
feet
The National Rifles Armory. on G
street, near Ninth, also changed owners
this week. WeIIeSCa p Allen conveying
the title TO AlOnS1 @ Lather- Only a
nominal consideration appeared III the
deed
The mfIi0n-dOuar mark was passed
again this week in the loan market, the
total being Sl-u+9-l54- which was loaned
on the security OF 80 lots at an average
interest rate Of 81 per cent The great
est call was for new loans, which ag-
Eregated SS52S2l-SS, purchase money
trusts amounted TO SI1--5I2-11, while the
output Of the building associations was
The northwest again led in the
amount borrowed, tOtaliDC SOL. on
County property was pledged for S56g el2
and the other city sections borrowed
$52,535 in the northeast S10--S0 in the
southeast. and $500 in the southwest.
The total number Of lots sold this
week was ~ Of which I'D were IN the
nearby subdivisions and g In the out
lying county tracts In the city proper
the record shows u0rthweS- IL north
east. a2- southeast. so. and southwest, -