The Washington times., 1912-04-13
One Hundred and Thirty
Deals Closed as Against
173 Last Week.
INCREASED ACTIVITY
IN LOAN BUSINESS
Feature of Money Market Is Re.
cording of Trust for S275,O0o
( on Apartment House.

sharp decline is noticeable this
week In the number of sales of real
estate closed by the brokers. A COM
bination of Easter demands on the
pocketbooks of prospective purchasers
and an unreasonable GOODNESS in the
weather of several days this week have
been potent causes of the depression.
The business of the week started we'll.
on Tuesday twenty eight sales being
closed. and Wednesday witnessed the
completion of thirty-four transactions.
This latter days business is only three
sales below the years record for day.
The other days of the week fell far be-
low the average, so that a computa-
ton for the week discloses only 100
sales closed, as against a record of 173
sales during the preceding six days.
Showing for Week.
There were 81 lots and parcels of real
estate included in the showing for this
week, as compared with 255 last week,
clear gain of 122 lots.
Suburban real estate was most In de-
mand this week. as many as 246 parcels
NEARLY the entire volume of last
weeks business-being transferred in
this section. The northwest ranked
next in the number of lots sold, having
fifty-f1ye to Its credit, followed closely
by the near-urban district with thirty
seven lots conveyed.
There was a noticeable activity in
southeastern property this week. where
twenty-five lots changed owners In
the northeast were sold thirteen lots
and In the southwest four lots
Increased activity Is also shown this
week in the loan department of the
realty business The total of loans for
the week reached 1926, ,2S2 66. an advance
Of $4,000 over the figures for the first
six days of April. This sum was bor-
rowed on the security of $50 lots at an
average interest rate of So per cent.
That 1t Is not only cheaper, but more
businesslike to settle tax bills on real
estate before the property is sold for
DELINQUENT taxes seems to have been i'm
pressed on the minds of real estate own
ers this year. In the report made by
the Collector of Taxes to the Recorder
of Deeds during the week. there were $50
lots less enumerated than In his report
for 1911. The total number of lots sold
! Tor failure to pay the. tax due June 80,
1911. as shown by the report of this
week. was 5,6S. Last years report
The tax sale report of this year COM
prises SS4 large pages of typewriting,
and the recording fee paid by the Dis
trict of Columbia was s563.6 Last
years report took up 1853 pages and cost
the District $5I3.o5 to record.
Feature of Market.
The feature of the money market this
week was the recording of a trust for
s215, 600 on the Ontario apartment house,
az Ontario road and Poplar avenue.
The trust was given to the National
Savings and Trust Company to secure
the payment of bonds aggregating $685.
/ OO0, payable March /, 1882, with interest
at per cent.
The next largest trust of the week
was for $4,000 deferred purchase price
on the property at the northwest corner
of Twentieth street and Massachusetts
avenue northwest, bought by Harriet
| Holther. The loan is to run ten years
| and tc bear interest at AZ per cent.
The bond issue on the Ontario helped
to swell the figures for straight loans to
$500. $3.50. The sum of all the notes
given for deferred purcsase money was
| S206 746.06 The building associations ad-
! vanced to members $4,000.
County property had the lions share
of the loan business, the sum of $503.-
1853 being borrowed on property out
side the old city limits. In the north
west loans aggregated s225, 1861. while
the record of the other city sections
was northeast. $50, $50; southeast, &0,290
and southwest, $3.50.