The Washington times., 1911-10-21
SALES OF. REALTY
SHARPLY DECLINE
IN PRESENT week
Aggregate of Property,
However, Is But Little
Below High Record.
MUCH ACTIVITY IN
BUSINESS SECTION
Record Of Loans Shows More Than
Half Million Dollars
I %t4 Placed.

A relaxation in the realty market fol-
lowed the record-breaking activity OF
the second week of October, which
proved too strenuous to be maintained
by the brokers. As consequence the
number of transactions closed in the
past six days shows decided drop
from the new record hung up last week.
The total number of sales made In the
third week of October was 167 as COM
pared with 224 in the preceding week.
While the decline is noticeable in the
number of sales, It is remarkable that
the volume of business as shown by the
aggregate of lots and parcels of real
estate transferred, is only one short
Of the record for the previous six days.
There were included this week In the
total Of l67 transactions 1893 lots as COM
pared with 3s4 involved in the record
The number Of lots conveyed exceeds
by forty the volume of business In the
first week of October.
Business Section Sales.
The business section contributed an
annual quota to the weeks aggregate of
sales. The recorded sales in this Sec
tion included premises 1908 F street
northwest, which was purchased by the
Union Trust Company for William p.
Herbst. who has acquired title from the
Roach heirs. While the consideration is
not stated, the property was conveyed
subject to a trust for $2S.000, and Mr..
Herbst gave an additional trust of
$4,000 to the heirs. The trust COM
pany acquired the property subject to
Property 1920 H street was bought by
Henry Hammond from Jessie #. Davis,
who recently secured the property for
$1s.oOoy The amount paid by Mr.. Ham
blocks sold include 459 G street, bought
by William A. Mess; house in e
street, between Ninth and Tenth streets,
purchased by Orren g. Staples, and a
store on the east side of Ninth street,
Simon Oppenheimer and Sidney West.
Big Sale Of Lots.
A transaction involving 127 lots in
Richmond Park, just north Of Cleveland
Park, was closed yesterday at a consid-
GRAFTON of '$77.473.4O. The Northwest
washington Improvement Company con-
sveyed the lots to the Richmond. Park
Improvement Company. At a cost OF
nearly $4,000, Thomas M. Gale pur-
chased lots adjoining his property on
Kaloranna Heights.
Z The Richmond: Park sales helped TO
swell the total Of parcels conveyed IN
the outlying suburban sections and
firmly established that district in the
lead OF the weeks activity. The near
urban district was in second place with
total Of seventy lots sold. Within
the city proper the greatest activity
was noticeable in the northwest where
fifty-eight lots were sold. The south
east came next with twenty-three lots
conveyed, followed by the northeast with
ten lots to its credit. In the southwest
were transferred 8 lots.
A decided Improvement is shown In
the money market this week where the
total Of loans evidences an advance of
nearly 5000 over the amount borrowed
last week on local real estate. The
record of loans this week was $685.
interest rate Of 6h ,per cent.
Interest Rate Falls.
The healthy condition Of the money
market Is reflected in the decline Of the
interest rate which prevailed in the
previous week at Sc per cent.
Straight loans and purchase money
trusts fought it out for first place this
week, the former winning by $4,000,
with a total of 279.2s7O5. The sum of
the notes given to secure deferred
purchase money was $oO9, ,733.43. The out
nut OF the building associations was
$SO,sOO.
County property was encumbercd for
the largest amount this week. Loans
on property outside the city limits ag-
west was offered as security for $192, ,065,
while the record of loans In the other
city sections was: Northeast, $29, 40;
southeast. $4,000; southwest. $l0,625.