The Washington times., 1911-09-16
Returning Brokers and In
vestorS Infuse New Life
Into Trading.
HEALTHY GAIN IN
AMOUNT OF LOANS
Figures for Transactions Reveal
Twenty Per Cent Advance
Over Last Year.

The return of many brokers and in
vestors from protracted vacations in
fused new life into the real estate busi-
ness this week. Several sales which
had been pending because OF absence Of
broker or purchaser were closed, and a
review Of the weeks activity shows a
material increase both in the number of
transactions effected and IN the volume
Of business.
The greatest Improvement of the
week is shown in the money market.
where the figures jumped more than
$780, 900 over the amount borrowed in the
first week of September. Building loans
for fall operations played an important
part in swelling the total Several
series of trusts were recorded TO secure
advances made to speculative builders
and others who have planned a busy
season in building during the coming
autumn.
The brokers during the last six days
closed 137 transactions in realty, involv-
in 245 lots and parcels of real estate.
In the number of lots involved, the
weeks work evidences an advance of
20 per cent over the volume of business
reported in the corresponding week of
1910 AS to the number of transactions,
q comparison of the records of the Of
advance of more than 10 per cent over
the number of papers offered for record
in the second week Of September, 1910.
Near-Urban Decreases.
Outlying suburban property furnished
nearly half the number of lots trans
ferred this week, but there was
marked decrease in the sales in the
near-urban district. total of III lots
nj % fat aE-n1
veyed in the suburban section. The
northwest ranked second with forty
four :ots sold, followed by the near
urban district with thirty sales to its
credit.
The southeastern section took fourth
place this week with twenty-seven lots
Changing owners. There We're twenty
one lots transferred in the northeast
and six in the southwest.
While no sale Of the property COM
prised in the area reported as being
purchased for a department store by
recorded this week, there were two
sales in the business section not far
removed from this site. Premises at
I'll Thirteenth street northwest, only
short distance from the corner of Thir-
teenth and G. streets, was bought yes
terday by Robert Callahan, jr., from
Thomas H. Hall No consideration is
stated in the transfer. The other sale
involved premises GOI Twelfth street
northwest, which Thomas E. McArdle,
trustee, conveyed to George c. Webb,
for SIS. $50.
, Title to the bank and office building
at the junction of Seventh and c streets
and Pennsylvania avenue northwest,
where is located the central branch of
the Union Savings Bank, was trans
ferred yesterday. The property has
stood in the name of the United States
Realty Company, which has offices in
the building. The company conveyed
the property to the Security Building
Company, of Washington, D. c., a West
Virginia corporation. The consideration
IN the deed is nominal.
Increased Loans.
A marked increase in loans this week
brought the figures up to $578, ,6Sl. Is. This
sum was borrowed on the secrity of
275 lots at an average interest rate of
5k per cent.
Building loans for fall operations
swelled the total of straight loans to
$c99. 250.73. The sum of all the notes
given to secure deferred purchase
money this week was $172 $50 a. while
the output of the building associations
reached s10l,9JO