The Washington times., 1912-11-09
NOVEMBER TRADE
IN REAL ESTATE
STARTS OFF WELL
Sales Exceed Record of
Last Week of
October.
CIRCUS GROUNDS
SOLD FOR $3.50, 900
Sale Is elimination Of 1T Trans
actions Made BY Deal
ers Here.

November trading started most aus
piciousiy. The brokers succeeded In
closing ten or more sales than in the
last week Of October. and In surprising
the volume of business effected In the
first week OF November 1911
Encouraged by their success last
month In writing a new high figure for
activity In the annals of realty opera
tions In the District. the brokers appear
to have set out to make November also
a record breaker. This intention is
made clear in glance at the business
OF the office OF Recorder OF Deeds. In
the past five days there have been Of
fered for record 5i3 papers, daily
average Of los instruments. Octobers 3
daily average did not exceed 100 papers
II the activity OF the past week pre-
walls throughout the month, November
1872, will not only surpass its prede-
cessors. but will closely approach Oc-
tober's high mark. despite the handicap
OF having only twenty-four working
days.
Circus Grounds Sold.
A fitting elimination or the II trans
actions of the first week of November
was the sale OF the old circus grounds
at Fifteenth and II streets northeast
for q price said to be $780, The trans
fer of this property, which includes
hfty-four acres and covers several city
blocks In area, was made yesterday
OrrGn G.. Staples sold the land. which
Is unimproved. TO Anne Il. Mcqueen,
who gave Il trust for $36O,0O0 TO MIR.
staples for deferred purchase money.
Although tie title is taken in the name
OF Miss Mcqueen. 1t is understood the
zeal purchaser is the Real Estate Trust
Company. The property is to be sub
divided and improved. The notes for
deferred payments are payable in thr",
years and bear interest at per cent.
Another interesting sale, closed yes
terday. included seven houses and Il
large back ground at the corner of
Fifteenth and w streets northwest, di-
lectly opposite the land recently ac-
lin Park. James O'Donnell, the pur-
chaser, intends to erect an apartment
house on the corner portion OF his
purchase. The price paid by Mr.. O'Don-
nell was So, ,432.39
Business Properties Bought.
Among the business properties fig
uring In the weeks record of transfers
were premises zoos, 1910 and lOl2 L
street northwest. Julia 1. Saunders con-
Neyed these properties to Henry II.
1'lather. Edwin ID. Flather and Joshua
not named in the deed. Adds Il.
browne acquired premises 7l5 Twelfth
street northwest and Marie NJ. Gasch
bought a lot on the south side Of II
street northwest. between Twelfth ana
Thirteenth streets. John q. Slater be-
came the owner of property on Thir-
teen-and-a-half street, near the Munich
pal building.
Two apartment houses were Included
IN the weeks trading. The Oneonta.
at 76 New York avenue northeast, was
sold by Nav A. MARI to William Nj.
sprigg. The Prince Karl, at Nineteenth
and K streets, was resold. Thomas X.
Robinson, who recently acquired this
property from Miss Fendall, conveyed
1t to Thomas Rufhn.
Minister Gets Lots.
The Rev. James Macbrde Sterrett
took title as trustee for All Souls Mis-
sion to two lots In Woodley Park. The
price paid was 1880.
The near-urban district furnished near
" half of the lots included in the weeks
total of 81. There were 15l lots sold
in this section. The outlying suburbs
were in second place, with seventy
parcels conveyed. The northwest leu
The city sections with thirty-eight lots
transferred. There were twenty-six iots
sold in the southeast, nineteen in the
northeast and seven in the southwest:
The loan business of the week doubled
that of the last week OF october, ana
the million mark was nearly reached.
The ex,,ct figures for the week are
sgs2, $500. This phenomenal amount was
borrowed on the security OF 2Sl lots and
parcels of real estate. The average In
terest rate was 90 per cent.
Purchase Money Trusts.
The unusual spectacle Is presented
this week of the purchase money trusts
leading the market. The trust for
$500. 900 on the circus ground property
helped this class OF loans to reach a to-
tai OF 1896. 1851. Straight loans tOtaled
1894. 1928. The output Of the building
associations was S9l. 950
County property was encountered for a |
total OF S5S5,2i595. Land in the north
west was accepted as security for y24S,-
475. The record OF loans in the other
city sections was: Northeast, $54,l96; |
southeast. $Z,3sl.l0, and southwest, $1,000. |