The Washington times., 1911-05-27
ACTIVITY IN LOANS
FEATURES BIG WEEK
IN REALTY MARKET
Total Runs to Million and
Quarter, Exceeding All
Old Records.

Phenomenal activity in the loan de-
partment of the real estate business
was the striking feature Of a review Of
the efforts of the realty brokers for the
past six days. The total amount OBJ
tanned by the deeds of trust placed on
record this week reached nearly $780,
600. easily the highest figure attained In
loans this year.
When 1t is considered that no bond
issue is involved in this total the ac-
tivity of this weeks business in loans
stands out more prominently. There
have been weeks, of course, when bond
issues swelled the total beyond the mil
lion-dolar mark. but the Oldest clerk
in the office of the Recorder of Deeds
cannot recall when a weeks total of
straight loans reached nearly $3.50 900.
The largest loan this week was that
Of 100000 borrowed of the American
Security and Trust Company by the
Scottish Rite Masons to begin the erec-
ton OF the new temple at Sixteenth and
streets. Next in size was the loan
of $4,000 made to Harry Wardman on
an apartment house. and another trust
of 100000 was given by Clarence w.
Collere In the purchase Of the property
at the northwest corner Of Fourteenth
and II streets, on which he paid $4,000
in cash. OF the purchase price OF the
Columbia Hotel Company's addition at
4e4 and ABS Eleventh street northwest
SO, 600 Is represented by two trusts
placed nthe property.
Active All Week.
The activity of the loan market ex-
tended throughout the week. The daily
totals show: Monday. $t35,91lsO; Tues
day. $3.50, ,165.4O; Wednesday. sl02, ,01394;
Thursday, sl27,034.n; Friday. s166.211:
and Saturday, s66,47
Although several IMPORTANT sales were
closed this week involving higher figures
than have been attained in the preced;;
| ing weeks Of May, the total of closed
sales for the week Is one below the
| number of sales for the second week
OF May. which was the smallest Of the
first three weeks Of the month. In the
order Of weeks, the record OF sales for
May shows 100, l63. 176. and 162, or
daily average of nearly twenty-five
sales.
the near-urban district involving a por-
| ton of Slippery Hill, which adjolns
Ingleside and runs along Rock Creek
Park. The consideration for the sale
was $50, 600. The purchasers are Fenelon
B. Brock and Shelton T. Cameron.
Suburbs Ahead.
In the total of 162 sales closed this
| week. there were involved 255 lots. OF
| these the outlying suburban tracts fur
| nlshed seventy lots, while sixty-ive
were in the near-urban district. WftbiI
! the city proper, the northwest led with
| fifty-four lots transferred. There were
| thirty lots conveyed in the northeast,
| and eight lots changed owners in eacn
| of the southeastern and Southwestern
sections.
The exact figures in the loan market
| this week were s1.H7, 1885, borrowed on
| the security of 20S lots. The interest
| rate remained at 5.4 per cent, the pre-
vailing figure of the previous week. and
one point below the second week of
May.
The building loan of $780, 600 on the
Scottish Rite Temple placed the new
| loan division well in the van this week
with a total Of $SSS, 1885,. The total of
| the deferred purchase money trusts was
s265. .555.2 %. while the output of the build
| ing associations aggregated Se3.60O.
In the northwest the loans reached
SSSS, ,790. County property was pledged
for total Of 1926, 296.lo. The record OF
| loans in the other sections is: North
| east, so, ,05; southeast, $19,64.75, and
| southwest 80 oSS