The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1911-12-09
DECEMBER REALTY .
DEALS CROWD HIGH
RECORD FOR YEAR
First Week of Month Sees
Many Transactions
Closed.
AMOUNT OF LOANS
SHOWS INCREASE
Favorable Weather Boosts Sales in
Suburbs Straight
Trusts Lead.

The first week Of December takes Sec
ond place In the record for activity es.
tablished during the fall Of 1911 from
the viewpoint OF the number OF trans
actions closed. It was surpassed only
BY the second week of October, which
smashed all previous records for a
weeks business in the history Of realty
operations in the District
The days record for the number of
closed sales in 1911 was also hard
pressed last Thursday, when fifty-ore
transactions were completed. The larg-
est number Of sales reported for one
day this year was on October 10. when
hfty-five sales were closed. Last
Thursdays record was eoualed on
BY q peculiar. coincidence the first
week Of December. 1910, was also a
pussy one with the brokers. On Decem-
Der 9 1910. the closing OF sixty-two
that year, and one that has not been
equaied during the current twelve
month.
Money Market.
While the past week ranks second
In the number Of sales, 1t far out
stripped its leader in the volume of
trading in the money market. This
weeks total of loans exceeds that of
the second week of October by nearly
$SS0,O0 The aggregate Of loans in the
record week was only s4S1. 2C6.S3, while
the amount borrowed during the last
six days reached 1926. $3.50.
z The chief transaction Of the week in
volved the purchase of the Home Life
Insurance building, at Fifteenth and
G streets northwest, by the Citizens
Investment Company, which, 1t is I'M
derstood, Is controlled by the officers
OF the Citizens Savings Bank. The
holding company recently was incorpor-
ated in Delaware. The consideration
for the building is said to approximate
Another corner in the newly develop-
ing business section near New York
avenue was sold yesterday. ella G.
Brennan sold the southeast corner Of
Mcqueen for the price Of about $40 per
square foot. Hecht & Co. are under
stood to have paid about $4,000 for
premises 5l9 Seventh street northwest,
the north. The Alhambra Theater now
e located on the ground floor of the
Included in the 1856 transactions closed
this week was total Of SIS lots and
parcels OF real estate. The delightful
weather Of the past few days permitted
tie selling of suburban property in large
q uudAttys d tOtdl OI Ia parcels OF realty
IN the outlying sections changing
hands. This placed that section far in
the ven OF the weeks activity. The
Lear-urban district came second. with
hfty-eight lots transferred.
III. Northwest Leads.
In the old city limits the northwest
led with forty-seven lots, followed
closely by the southeast, where forty
lots changed owners. There were thir-
ty-four lots sold in the northeast and
ton In the southwest.
The feature of the loan market this
week was the trust for $40, 900 given for
part Of the purchase money Of the
Home Life building. The loan is pay
able to the Tyssowshi's who sold the
property, In five and ten years, and
bears the unusual interest rate Of
per cent
The weeks total of loans, amounting
to .39. was borrowed on the se-
curity Of 2U lots. at an average rate Of
per cent J
Despite the large purchase money
trust mentioned, the straight loans
were not ousted this week for the lead
In the money market. Straight loans
aggregated $401 .991.54, while the sum of
all the deferred purchase notes was
$aN. 4s9.X. The output Of the building
associations reached $117,500
County borrowers were most in evi-
market q total Of s444.ss2:s7 There was
land in the northwest. The record of
loans in the other city sections is:
Southeast. s39.70o; northeast, S34.l4s.22;
southwest. $3.50,