The Washington times., 1911-11-04
OCTOBER'S REALTY
ACTIVITY LARGEST
IN C|TYS HISTORY
Total of 2,4oO Papers Re.
ceived in Office of Re-
corder of Deeds.

A new record for 1911 in realty ac-
month just ended witnessed the closing
Of SIS transactions involving the trans
fer Of 1852 lots and parcels of real es-
tate. The total investments In loans on
and the purchase of real estate during
October reached $5.414,O00.
The nearest approach to this record
was that Of May. in the height Of the
spring business. In that month 1863 sales
were effected, involving the conveyance
Of 1,413 lots and parcels or realty,
Octobers business in the Office Of the
Recorder Of Deeds reached the highest
hs ast0rz Gd ds he Of Gss sr ns
were received for record during the
record established last June. The rec
Srd ord holder h Of ID previous years ava was June,
Big Increase.
An increase Of 297 papers is shown
this month over the number filed In Oc-
tober, 1910. A comparison of the four
months Of the current fiscal year over
the corresponding period in the fiscal
year 1911 discloses an advance of 606
papers over the business of that period.
Remarkable increase In the realty
business Is shown in a comparison of
the figures for october with those of its
immediate predecessor this year. The
$3,500.0O0, while the sales closed totaled
only 572 and involved 1,4oo lots. !,
The feature of the past weeks busi-
ness was as the volume Of money
The figures for the week fall just short
Of the million dollar mark, with a to-
| tai Of $948, ,049.47 This large amount of
| money was borrowed on the security of
0f
| 5h per cent.
Explains Drop.
The drop of one point in the average
interest for the week is largely due to
the rate OF ~ per cent. at which the
Moses brothers secured q loan of $3l5, ,0O(
the largest item in the weeks business
ON their property at Eleventh and +
streets. g.
The money was advanced by the Fl.
deity Trust Company. Of Philadelhia
from a trust estate which 1T handles
The loan is payable In five and one.
Eaif years, and the borrowers stipulated
for the privilege of paying $4,000 ol
period The iGa naion sun Trust company sfes
named as trustee under the deed Sc.
curing the loan.
The past six days witnessed the clos.
| ing Of lag transactions In local realty
comprising the sale OF 9O6 lots and par.
cells Of real estate.
Suburbs Ahead.
, Despite the visit Of Jack Frost, the
| outlying suburban section continued iI
the van Of the weeks business with q
total of ninety-one parcels sold. The
near urban district ranked second with
fifty-six lots transfer red. There were
/ conveyed stwenty-seven lots In the north.
4 west, nineteen In the northeast, nine II
the southwest, and four In the south
east. ~ f.t' .. e..
The Moses loan aided materially II
placing the straight loans In the lead o.
the money market. A. total of $672, ,044.
rs was reached by this character o.
loan. The sum Of all the notes giver
this week for deferred purchase none.
was 1924, ,604.1. The output of the build
ing associations was $41, 400.
The northwest section beat out tn,
county tracts for the supremacy IN thu
loan market after an interesting rae,
all the week. The total of loans Sc
cured on property in the northwest wa
1854, ,060 while on county property wa
borrowed $4O5, ,Ss9,47. The record of loan
In the other city sections is:: northeast
s57, ,750; southeast, $l2,l00; southwest
$500