The Washington times., 1911-07-22
Yesterdays Inactivity Low
ers Average Record to
Mediocrity.
BULK OF BUSINESS
IN SUBURBAN TRACTS
Rate Of Interest Drops One Point.
Loans Nearly
: Million.

There was q decided slump yesterday
In real estate activity as viewed from
the number OF papers filed with the Re-
corder Of Deeds, only forty instruments
being offered for record. This was less
than half the average Of the other five
days Of the week, and changed what
had bid fair to be an excellent six days
record into one week of mediocrity.
The brokers closed only I55 transac-
tions In the past six days, a falling OF
Of Is per cent from the figures Of the
second week of July. The number of
lots involved in this weeks activity
reached sos, exceeding by more than 90
per cent the number sold in the pre-
vious week.
Big Sales of Week.
Among the sales was one comprising
two original lots in the business sec
ton, improved by premises 1910 to 1920
G street, which brought S250,000 Another
sale included 140 acres Of ground at the
District line near the Chain Bridge, and
lying between the Potomac river and
the Chesapeake and Ohio Canal. On this
property the Georgetown Gas Light
Company will erect a new plant. SEN
ator Bailey OF Texas bought two lots
at the corner Of Sixteenth and Church
streets. which he will improve.
Other sales of business property closed
this week included 1910 Fourteenth
street northwest, 1908 Fourteenth street
northwest. and a house on New York
avenue between Ninth and Tenth
streets.
The bulk of the weeks business was
In the suburban districts, where are
recorded the sales Of 313 lots and parcels
OF real estate. In the near-urban dis
trict 81 lots are reported sold.
Northwest Leads In City.
Within the city proper the northwest
section is found In the van with 81
lots to its credit, followed closely by
the northeast where 4s lots CHANGED
owners. The southwestern section shows
% lots transferred this week. The
southeast is found in the last place,
having only 13 lots sold during the
week.
Two large loans, one for $4,000 and
one for 100000, are the features Of the
review Of the money market for the
week. The depression in the sales de-
partment was not felt in this branch
OF the realty business, where the figures
for the week show a slight advance over
the record for the previous six days.
The total of loans this week reached
sSs2 21s65, borrowed on the security OF
81 lots.
The wilkins Securities Company.
which Is erecting a large office build
ing on the sotuh side of H street, be
tween Fifteenth and Sixteenth street,
its property to secure the
repayment of an issue of bonds aggre-
eating $4,000. The bonds are in de-
Of $500 and 1900, are pay
able in July, 1891, and bear 5 per cent
interest. The other loan for $4,000 was
given for deferred purchase money by
the buyer of the quarter-million G
street property mentioned above.
Interest Decrease.
The only downward tendency noticed
this week in the money market was the
desirable one Of a decrease in the in
terest rate. The average rate of in
terest this week fell OF one point, reg
stering 5.4 per cent.
New or straight loans did not show
the preponderance Of last week, when
they represented the bulk of the busi-
over half the money borrowed, totaling
s446, s2075. The sum Of all the deferred
purchase money notes given this week
was 1919, $780, The output Of the vari-
Gus building associations reached s65,600.
The two big loans. both on property in
the northwest, swelled the total of loans
in that section to s5S6,sl.61. Owners
The record Of loans in the other sec
tons Of the city IL: Southeast, s51,
49, %: northeast, S1s,2os, and southwest.
81, 200.