The Washington times., 1911-07-01
JUNE SETS RECORD
FOR AGGREGATE OF
REALTY TRANSFERS
Month Just Closed Saw
Larger Business Than
Any in History.
TWENTY-FIVE PAPERS
ARE FILED TODAY
Big Boom in Northwest Section,
With Other Divisions
Active.

2 June had the distinction of not only
exceeding any of its predecessors this
year in the volume of business, as
shown by the number of papers filed
with the Recorder of Deeds, but 1t sur
passed in the number of papers re-
corded every previous month in the
history of that office, dating back half
a century.
At the close of business yesterday X
was found Easy papers had been re-
ceiyed for record during the month.
This number exceeds the total recorda-
ton for May, 1911, by twenty-three in
suuments.S It's nearest competitor in
the Offices history, according to Dep
, uty Recorder Dutton, was June, 1893,
when 2,47S papers were offered for rec
ord. The daily average for the month
was ninety-five papers.
An increase of nearly 200 papers is
Boticed in a comparison of the past
months record with the number of pa
pers filed in June of last year. In June,
1870 there were placed on record 2,2y5
papers.
Large Investments.
The total investments in the purchase
of and loans on real estate during the
past month was slightly in excess of
S,000,000. The number of transactions
closed by the brokers in the twenty-six
working days of the month was rs, or
a daily average OF twenty-eight sales
made. There were LIB lots and parcels
of real estate involved in the sales of
the month, which means the brokers
sustained an average daily business Of
forty-five lots sold.
The business of the past week shows
an increase of Is per cent over the num-
ber of transactions of the preceding
week, and the last week of the month
takes rank in second place in COM
parison of the sales closed in the four
month was the record week for the
year, when 206 transactions were report
ed. Last week saw 1S5 sales closed. H.
Volving 226 lots. The previous week $
record was lGi sales, and in the first
week of the month 173 transactions were
closed.
There was a boom in real estate in
tho northwest section of the city this
week, where 13l lots changed owners
The outlying suburban section ranked
second, with eightytwo lots sold, fol-
lowed by the near-urban district, with
seventy to its credit. In the northeast
there were conveyed seventeen lots, and
the southeastern and southwestern sec
tions were tied with thirteen sales each.
Million Loaned.
In addition to the $5,OOO,OOO bond issue
recorded yesterday by the General Bak-
ing CompanS;- o&-NeE' 4,ork, PAYABLE
June ]. 1886, din per cent interest', :,
for the purchase OF the Boston Bahnt'
Company, of this city, and simila+
plants in eighteen other cities of tn .
Union, there was loaned this week OF !
local real estate the sGm of 1851, ,9S5.0l-
To secure the repayment of this large
sum 23S lots were encumber.d. The
average interest rate remained at 90
per cent.
Deferred purchase money leans for
the second time this year displaced the
straight loans from the lead in the mar
ket. The sum of all the notes given to
secure balances of purchase money this
week vas $55S, ,S25.21. New or straight
loans amounted to $685. 109.S0 The out
put OF the building associations was
SEQ, $50.
The northwest section won first hon.
prs in the loan department, as we'll as
in the number of lots sold. Property in
this section was pledged fol $54l,3 ,39O
The county property loans aggregated
$34G 9S3.O1. The record of loans in the
other city sections was: Northeast,
S36,340; southwest, $169SO, and southeast,
SIG, 80