The Washington times., 1911-12-02
MILLIONS INVESTED
IN REAL ESTATE N
MONTHOF NOVEMBER
But Stated Amount Falls
Short of the Receipts
for October.

A total of A.7boooo was invested DUR
ing November. 1911, In the purchase OF
and loans on Washington real estate. As
this amount falls less than three-quar-
ters OF million dollars short of the
investment total for October, which
holds the years record for activity, the
brokers are more than satisfied with the
result OF their efforts In the month just
closed. November's figures exceed those
of September by inore than 81 900 900
The records of the office of the Re-
corder of Deeds show an increase of
152 papers last month over the number
received for record in November, 1910.
The last months total of recordation
was 2.2S0 papers as compared with 2,l2s
in November, 1910.
During the last month the brokers
succeeded in closing 62s transactions, in
which were involved LOIS lots and par
cells Of real estate. While this total il
about $50 short of the record-breaking
business of october. II exceeds the vol
ume Of trading during September by
fifty-six transactions, and Is about fifty
sales in excess OF the business trans
acted in November, 1910.
The Thanksgiving holiday, which re-
duced the number of working days of
In the number Of sales for this week.
During the five days, the brokers closed
1888 transactions, in which were involved
1914 lots. The near-urban district won
by a small margin In the race for first
place in the numer Of sales this week
There were conveyed sixty lots In this
district, and ffty-eight in the outlying
suburban tracts. Within the city prop
err the northwest led with thirty-five
lots transferred. The northeast follow
ed with twenty-five conveyances. There
were twelve lots sold In the southeast,
and nine in the southwest.
week in which the consideration ex-
ceeded $4,000 Two of these sales were
In the business district, and the third
comprised purchase Of several acres
at the junction of the Bates road and
more and Ohio railroad. This land.
bought by the Catholic University Of
America, extends the Jniversity's hold
ings I'm the vicinity.
Both the business blocks sold are To-
Gated on the east side of Seventh street.
and by the price commanded show the
stability and desirability OF property In
ma. seStoh otS poth IN. 20 ~ evsr. wsr
represented in these two transactions.
Abraham Samuels. Of Baltimore. pur-
chased for $4,000. as an Investment, the
at s ana ots
ers. This building in former years was
occupied by the Luchs brothers as a
tobacco store.
Premises AT Seventh street northwest
was bought by Moses. Jacob and Abra-
ham Eisenmann. who are In business
On the same street. The price paid is
given. at $4,000.
Tho effect of the abbreviated week
was felt in the loan market. where the
total dropped to ~, ,10S.10. This sum
WAS borroWed In hye days on the secur-
ltSssof 2S3f1ots at an average interest
rate OF So per cent. One loan for a
small amount this week commanded the
unusual rate Of 10 per cent. Close OBJ
servers Of the money market could not
recall today when a lean secured on
local real estate bore SO high an in
terest charge.
Straight loans had easily the lion $
share Of the weeks business. reaching
a total of S3l6. .18 10. The sum of all
the notes given for deferred payments
on real estate purchases was s63.37t7o
The building associations advanced to
members S34. 900.
County property was encountered this
week for the largest amount. Loans on
security Of this character totaled $751;
1Ss1e. as compared with $l45.55O bor-
rowed on property in the northwest
The record Of sales in the other CITY
sections was. northeast, $65, SIS; south
east, $37.550: southwest, $500.