The Washington times., 1911-11-11
Twenty Per Cent Increase in
Number of Sales
Shown.
BELMONT LOAN is
ONE OF FEATURES
Sum of 100000 at Four Per
Cent Said to Have Been
+ Placed on Residence.

Real estate activity continued un-
abated during the past six days, and
the result Of the efforts of the brokers
in the first full week of November was
surpassed by only one week in October,
and that the week which broke all pre-
vious records in the history of realty
transactions here.
AS compared with its immediate prede-
cessors the past week shows. an increase
of 20 per cent in the number of sales
closed. and an advance of $4,000 over
the total of loans effected.
The fall elections seemed to have
made no blighting impression on the
market, as was noticeable in November,
1910. The exodus of voters, perhaps.
was not SO great this fall, or else their
realty operations were arranged before
departure. In the corresponding week
of 1910, there was noted in this column
a decline Of 10 per cent from the volume
of business transacted in election week
of 1909. From this it might be inferred
that, off-year elections do not attract
the voters residing here.
The loan market this week took a no.
ticeable stride toward the million-dol-
lar mark, reaching total of $9oS, ,266. AZ.
ness was borrowed on the security OF
2S4 lots, at an average interest rate of
81 pei cent.
The Perry Belmont Loan.
The feature of the money market was
the loan of 100000 secured by Perry
Belmont on his new mansion at New
Hampshire avenue and r street. The
money was advanced by August Bel
mont, the New York banker, and is
payable October Is, 1912, with interest
attempts. it is said, to secure the loan
through brokers here. The negotiations,
however, were broken off, it is alleged,
by Mr.. Belmont. and two suits for COM
missions on the loan are now pending in
the District Supreme Court against Mr.
Belmont, brought by the two brokers.
total of 1I6 transactions in realty
were closed during the past six days.
Involved in the sales were 3O6 lots and
parcels Of real estate. 1t took almost
an official count to determine the win
ner among the localities for the number
Of lots conveyed this week. The out
lying suburbs on recount were found
to have ninety-five parcels sold, and the
transferred.
Within the city limits, the southeast
ern section made large strides, and was
beaten only six lots by the northwest
ern section, the ordinary leader in city
safes. There were transferred forty
eight lots in the northwest, forty.two
In the southeast, and twenty-three in
the northeast, and rour in the south
west.
Three sales were effected this week in
the downtown business section, and
three out Fourteenth street way. Ed
ward G. Perry sold a business block on
Thirteenth street, between G and III
streets, to Mary c. Powell. Byron Wal
lerstein took title to the store, PIP Tenth
street northwest, and Alexander Brit
ton Browne bought us Twelfth street
northwest for $4,000. The considera-
tions on the other two transactions are
withheld.
Fourteenth Street Sales.
The Fourteenth street property sold
included premises 15251k. 2O21, and 1921 on
that street. The first number was
bought by Helen S. d. Carter, the sec.
ond by H. r. w. Laue, and the third by
Frederick H. Geyer.
Straight loans formed the bulk of the
transactions in the money market, at
tanning a total Of $3.50, 124.52. The build
ing association advances stepped into
second place this week with total of
$lO6, ,000 The sum of all the notes given
11.95.
The northwest was easily the leader in
the matter Of loans from the viewpoint
or locality. The total borrowed on land
in this section was s56O,744O9. The
county borrowers came next with a to-
tai of 1926, 1928. The record of loans in
the other city sections is; Northeast,
s52.2So; southeast, $4,000; southwest,