The Washington times., 1911-11-18
REALTY ACTIVITIES
FOR WEEK BEYOND
LAST YEARS MARK
Decline After Previous Six
Days Slight, But Natural
in Circumstances.
NORTHWEST LEADS IN
RECORD OF TRANSFERS
Exceeds All Other Sections Com
Observation-Disclosures Deal Heads
in Business District.

"A slight decline In activity is notice.
able In review of the real estate situ-
alton for the last six days. Fewer sales
were closed than in the previous week,
put when 1t is remembered that that
was one of the best periods in phe-
nomenal fall activity, the result of the
efforts of the brokers this week may be
regarded as satisfactory.
An advance Of more than Is per cent
over the business done in the corre-
spending week of 1910 is shown by a
comparison of the records of the Office
of the Recorder of Deeds. During the
past six days there were filed for record
col papers affecting the title to real es-
tate, as compared with 42 papers filed
In the similar week of 1910.
total of LEA transactions reached the
record stage this week In which were
involved 270 lots and parcels of real es-
tate. The near-urban district. after a
strenuous struggle throughout the week,
succeeded in leading the sections in
the number of lots transferred There
were eighty-six lots conveyed in that
district and eighty-fve in the outlying
suburbs
Figures of Sections.
Within the old limits of the city
proper the northwest exceeded by so
per cent the total number of lots trans
fered in the other three sections. In the
northwest fifty-nine lots changed own
ers, while the record of the other Sec
tions shows twenty-five in the northeast,
ten in the southeast and five in the
southwest.
Probabl ythe most important transfer
IN the business section was the sale of
the Ballantyne store at 42S Seventh
street northwest. Simon Oppenheimer,
the new purchaser has not disclosed the
price paid for the property Another
sale In the business district was on
Tenth street northwest, between E and
f streets. Annie e. Mcqueen acquired
this property from Allen W.SMiller Only
Q nominal consideration appears in the
deed.
The money market also reflected this
week the decline noted in sales. The
total loans recorded this week shows a
decrease OF nearly 40 per cent from the
volume of money secured on real es.
tate in the preceding week. The sum OF
531,6l2.33 was borrowed in the past six
days on the security of 529 lots. There
was no change in the average interest
rate. which remained at 51b per cent
Arcade Loan Bonded.
The feature Of the week in the none,
market was the new loan of $50, 900 float
ed by the Arcade Company. A deed OF
trust to secure an issue of bonds in thai
amount was placed on the company,
property at Fourteesth street and Parl
foad The new bonds are payable Octo
Der /, 1921, and bear per cent interest
The mortgage is subject to previous in,
cumbrances on the property.
The bulk of the weeks business was II
straight loans which aggregated 1868,
1883. The sum of all the notes giver
for deferred purchase money was S94,
l93.40. The output of the building asso
Citations was. $6S, 900.
County property led the loan market
as 1t did the sale department. The tota
of loans on property outside the old city
limits was $3.50, .46. The northwes
ranked second with an aggregate Of
3212591.66 In the northeast SIS, 500 66 wa.
borrowed, and in the southwest S4, ,341. 55
Property in southwest Washington wa.
pledged to the extent of S4,822.