The Washington times., 1912-02-03
Purchase and Loans Total
ing $4,000, 900 Greatest
in District History. .
ARLINGTON PROPERTY
4 INDIVIDUAL RECORD
Recorders Office Shows Increase
z in Filing-Double Same Pc
Z, riod Last Year.

The best initial month of any year in
the history Of Washington real estate
activity Is the distinction attained by
January. 1912. Not only did It witness
the closing OF the largest individual
sale ever recorded of Washington
realty. but during the month. there were
concluded 665 transactions, involving
d,Ssa lots and parcels Of real estate.
included in this record rd-breaking busi-
ness for the winter season were numer-
ous sales in the business section, and
even two or three residence properties,
which brought prices beyond the 500, 900
mark.
The sale of the Arlington Hotel prop
erty, at H,400,0OO. helped materially to
swell the total Of Investments fri the
purchase OF and loans on real estate
for the month to 100000 This sum is
nearly double the amount OF the in
vestments Of January, 1911, which was
$3.600.000. and was exceeded only once
throughout the entire year 1911, known
- the banner year in the development
OF the real estate business in this city.
Last May. at the height Of the spring
activity. the total Of investments reach
ed 100000
In no place is the months superiority
more evident than in the office Of the
were offered for record during January.
This Is an Increase of 26O papers over
the number received for record in jan
usry, 1911. or an average daily advance
SIX working days in the month. This is
the largest months increase shown in
the, business Of the office during the
present fiscal year. with the exception
ID ntx<,v. xu1Av n1xrny <.f
papers was made over : the previous
October.
Daily Sales Advance.
An advance OF two safes per day was
made this week over the record Of tram
sActions for the past week. A total Of
1s7 transactions was affected during the
past six days, as compared with 155
sales closed in the preceding week. The
volume of business, however, shows a
decline this week, when the sales in
cluded only 293 lots and parcels Of real
estate, instead Of 346 conveyed in the
Outlying suburban property had the
call of the market this week, showing
Q total Of lO7 parcels transferred. The
lots asdt ssd IN ts So9hwes wsa
fdrty-three lots changed owners, fol-
lowed by the southeast, with twenty
1even sales. In the northeast twenty
three lOtS were conveyed anu tHlTteeH
lots were sold in South Washington.
Deeds were placed on record yester-
day conveying to Randolph T. War
wick and Harrington Mills, In equal
shares. the property at the southwest
corner of Eleventh and Z streets north
west. which, It is understood. wih be
improved by the erection Of an hotel
The purchase includes the corner prop
erty and premises 42s Eleventh street
and 1106 E street northwest which sud
rounds 1t, making a total frontage Of
ninety feet on Eleventh street and
seyenty-seven feet on 10 street: No con.
sideration is named in the deeds but
the new purchasers placed a trust 1T on on
made through the RIGGS National Bank.
In Business Section.
Another sale in the immediate vicinity
was closed yesterday when William H.
Turton transferred premises 5O7 Twelfth
street northwest, one Of two houses
recently bought by him, to Ellie Sheetz.
The price involved In this sale Is not
mentioned. but Mr.. Sheetz secured a
loan of $l1.0OO on the property from the
National Savings and Trust Company.
Premises at us Eleventh street north
wSst and $40 Tenth street northwest also
were among the sales Of business prop
erty made this week. Another bust
u0SS ScCuOu tIdHbdCtioh VI tuc "cch
involved the premises at 61S Pennsyl-
vania avenue. purchased by the T. T.
Keane Company, wholesale meat deal
ers, from the estate of John Blake
Kendall.
A sharp decline of more than $500. 900
is noticeable in the figures of the money
market during the past six days over
the record of the previous week when
the loans approached the million dollar
mark. The total of loans this week
was $725, 232 03, borrowed on the security
Of 300 lots. at an average interest rate
OF 81 per cent
Association Loans.
More than half the amount was In
straight loans. which totaled SAT-, $40. 06.
The sum of ali the notes given for de-
ferred purchase money was $lSS. .29l.97.
The building associations advanced to
members 5y.6O0
Owners Of county property were most
conspicuous among the borrowers, re-
ceiytng an aggregate Of $i06 066 So. On
the security Of property in the north
west was borrowed s236 5572l. The
record of loans In the other, city sections
is:. Southeast, s36,500; northeast, $26,
l0SS0, and southwest, $2l,000