The Washington times., 1911-04-29
Total Investment Best of
( Any Month So Far
This Year.
TRUST IS RECORDED
ON BIG BOND ISSUE
Exceeds Transactions of Last
Month BY More Than One
Hundred Thousand Dollars.

The total investment in the purchase
OF, or loans on, local real estate during
the month which closes today, eclipSeS
each of the three preceding months of
1911, and is exceeded by few records at
tanned in 1910, heretofore considered the
banner year in local realty history.
The total reached IN April. 1911. is
S5.600,000 This sum exceeds the invest
ments of last month by more than
100000. and evidences an increase of
S600O0O over the figures for April. 1910
This advance is accounted tor by the
unusual number of transactions this
month in which the consideration eX-
ceeded the 100000 mark, and in one of
which $4,000 cash appeared as the pur-
chase price. As pointed out IN this col
umn last year. the month of April, 1910.
was not noted for sales involving high
figures.
Big Traction Trust.
In addition to the ngures mentioned
there was recorded during the month a
trust securing an issue of bonds ag
gregating $7,5OO.OOO. Some of these bonds
must have been sold 10 local investors.
but as there is no way of discovering
how many, no portion of this invest
ment is calculated in the total for the
month. This trust was placed on all
the property, rights, and franchises of
the reorganized Washington, Baltimore,
and Annapolis Electric Railroad Com
pany. The bonds mature March l, 1941,
and bear per cent interest.
The volume of business accomplished
by the brokers during April is indicated
by the number of transactions closed,
reaching a total of 675. As there We're
only twenty-five working days. the aver
age daily business for the month is
twenty-seven sales. AS many as 1,2I2
lots were involved in the months ac-
tlVity, aging little over fifty lots
sold each day of the month.
Slump on Sales Closed
The past week was the least active in
the month. as viewed from the stand
point of closed sales. Both the number
of transactions and the quantity Of
property sold show a falling off this
week from the figures of the three pre-
vious weeks. Only 15S sales reached the
transfer stage during the past six days,
and in them were involved only PA lots.
The wek Immediately preceding. which
was the best of the month showed
record Of lS2 transa ctiOns, and included
403 lots.
Suburban property led in the number
Of sales this week. with total of 7s.
The near-urban district ranked second,
with SO lots transferred. In third place
is found the northwestern portion of the
city proper. where q lots changed own
A
sections Of the city, the northeast and
southeast each showing a record of 26
lots transferred. There were seven lots
reported sold in the southwest.
Money Market Falls Off.
Excluding the trust for S1.50o,GO0 men
toned above, there were no extremely
large transactions in the money market
this week AS result, the figures show
q decrease of ten per cent from the
business of the previous six days. The
total Of loans this week reached $63l,-
ec8sl. This sum was borrowed on the
security of 229 lots. The average inter-
est rate remained at five and one-half
per cent, the figure of the previous
week
New loans formed the bulk of the
weeks business, totaling S352, OIL %. The
sum of all the notes given for deferred
payments on newly acquired real estate
This week was $19l, 1876 The building
associations put out loans aggregating
SIS. 400.
Owners of property in the northwest
were the largest borrowers this week,
demanding of the market total Of
1856, ,O91 % County property was pledged
for the next largest sum, which was
sos. .e57 .55 The record of loans In the
other sections was: Northeast So, 1870;
southeast, $3.50, and southwest, $500.