The Washington times., 1912-10-19
OCTORER LIKELY TO
MAKE NEW RECORD
IN REALTY SALES
Has Boon Decided Boom In
Money Market In
Past Week.

October, 1873, bids fair 10 exceed tho
reosrd for realty activity established
last October. which surpassed all pre-
tate ns,,e opsEticn. as IN the District Of co.
now 30 seen on the horizon % should ei Sst
In during the declining days OF the
month, > new mark will be hung up by
the brokers for fall realty trading,
ays nn'rs IN 'sysn sSn. %Sohw wSrHS r w
be necessary to haye only sn average
Of eighty papers hied TO syesi last years
high mark for reoerdation. Al the
daily - sysraas .a.a.. . % &, e. = thi. Inentb he.
a decided drop In business 10 proVspt
month. -
Record Breaking Pace.
The record breaking pace sst last week
IN trading proved too strenuous for
the brokers and they were unable 10
maintain II during the third week of
October. A. . consequence there were
effected only i7s trsnssotons In the
sales day from tho number, made In
the preceding week. The volume Of
trading also showed q decline, this
weeks busines including only 2z7 lots
with S21 lots sold last week.
the van Of the weeks trading, having
furnished eighty-fve lots to the total
Of sales. The outlying suburbs dropped
to second place this week with total
Of sixty-four parcels conveyed. Tho
northwest was In third place with
| thirty-seven lots sold. There was a
close race between the northeast and
southeast sections. the former winning
out by one lot. There were eighteen
lots transferred in the northeast and
seventeen In the southeast. Six lots were
sold In the southwest.
Three sales in widely separated por-
tions OF the bushes area were con-
summated during the week. Story 4
Cobb bought premises 11l2 Connecticut
avenue from Henry II. Ward. and the
United states Trust Company trans
enth street. to the Bond Building Com
pany The third sale was located on
the north side OF Ohio avenue, between
Twelfth and Thirteenth streets. John
purchase from Theodore schondau.
Nominal considerations were given IN
| all three deeds.
The demand for high class residence
property in the vicinity OF LINCOLN
Park continues to be active. William
Murphy. a builder, has sold his former
home at 1910 East Copitoi street to WILL
liam L. oConnor. for a price said to
be nearly $4,000. Mr.. Murphy has
copner oopSer of s'c ThirteentS M and East Capitol
| streets, facing Lincoln Park. The house
| will be two stories high and will con-
tain eight rooms. A two-story garage
| will be located in the rear Of the dwell
ing. Many other residences In this
vicinity have been sold recently.
Boom In Money Market.
There was decided boom in the
money market this week. the total Of
loans doubling the figures for the pre-
eeding week. The exact figures for
the past SIX days were $3.50. 33S& So This
sum was borrowed on the security Of
| "a lots at an average interest rate OF
Sc per cent.
Straight loans continued to lead the
| market with a total Of $3.50. .75s72. The
| sum OF all the notes given for deferred
purchase money was SAG. 330.l6 The
building associations advanced ss7,2So to
| members.
County property was most favored as
| security for loans this week. having
been pledged for a total Of 1888. 1891.
| more than half the weeks output. An
| aggregate OF s17s.2o0 was borrowed on
property in the northwest. The record
Of loans In the other city sections was:
Northeast. 6S,7A.66: southwest, s3s-
s5.ol, and southeast, Sls,25o.