The Washington times., 1913-10-18
AUTUMN REALTY
TRADING IS BRISK
)ctober's Second Week Has
Total of 167 Sales, With
Boom in Loan Market.

Fall trading was in full swing during
he second week OF October. With the
losing of l67 transactions in the last
gfx days, one of them involving a con-
sideration of 10000. the brokers cor
cluded the best weeks business in real
estate selling since June. The months
record for a single days operation was
crowded on two occasions this week.
and on three other days the brokers
were more than ordinarily busy.
The belated boom spread also to the
loan market where the figures exceeded
a total of sGoo,OCC This is an improve
ment of nearly so per cent over the
loan business of the preceding week,
and in the absence of bond issues
makes very cred.table showing.
October J witnessed the closing of
ehirty-SiN transactions and established
high mark. Last Tuesday the
brokers' were one sale shy of this
mark. recording thirtv-fve deals COM
oleted. Yesterday they were after the
aigh figure again. but when the roll
,all was completed they were two
,ales short. Monday saw thirty sales
Effected and twenty-seven trades each
7ere consiimmatad on Wednesday and
thursday. There were fourteen sales
closed on Saturdays half holiday.
Winters Approach No Deterrent.
The approach of colder weather has
rot yetsaffecteI the sale % outlying
suburban Property. ard transactions
n that branch Continued this week TO
be the most numerous 4. Of the total
6; 27S lots transferred curing the past
SIX Gays l21 were IN the farther sub
urbs. This near.urban district ranked
s,cond with eighty-twc lots ID its
credit. Northwest property seemed not
- be in much demand this, week, as
OILY thirty-six lots changed owners
there. In the northeast seventeen lots
sre conveyed and twelve in the south
west The southeast cropped this week
to last place, showing only eight lots
The building at the northwest corner
o. Eleventh and G streets, known as the
.scnois, was the principal sale of the
week. A price said to be 5000 was
secured for this property by its owners,
darry Wardnan and Thomas z. Bones.
Ihe purchaser is Mrs. Henrietta Nj.
II; uiday. The building is six stories In
ne.Sht. has fronttge OF eighty feet OIL
eleventh street and seventy feet on u
ST. eet, with a ground area of $50 feet,
and Is occupied on the first floor TOR
usfness purposes, while the upper floors
are arranged for office use.
Jcst north of the kenois building is
the property at 72s and 40 Eleventh
street northwest the sale of which was
recorded during the week. The Munsey
lr~st Company, under appointment of
the Supreme Court of the District of
columbia as trustee. sold the property
for about sS0,c90. The purchasers are
tenwick ]. T. Stewart, Walter +. Stew
AIT Mary Stewart, and Genevieve Stew
art
The Washington Utilities Company
yesterday placed on record a deed by
which ir SurTandered title m q
property of the old Washington, Alex
andrta and Mt Vernon Railroad Com
pany. The transfer was necessary to
conform to the requirements of the La
roulette antf-merger act.
The largest transaction in the money
market this week was a loan of $l25, ,00u,
secured by Mrs Belle l.. Wyatt Willard,
wife Of Joseph E Willard, ambassador
TO Spain. The loan was made by the
Ideiity Trust Company, of Philadel-
phia, through the Union Trust Company
of this city. II Is secured on the prop
erty at l414 F street northwest, ad-
joining the Willard Hotel, and Is pay
able in five years with interest at 5.4 per
cent
Country Property Strong On Loans.
The Union Trust Company also han
died the second largest loan made this
week. when it secured from the same
Philadelphia corporation an advance of
SeVo on the property of the Western
Investment Company. The property in
numbered is situated on Fourteenth
street southwest, directly opposite the
old Bureau of Engraving and Printing.
This loan is for five years, and bears
the same rate of interest, 5.4 per cent
These two large loans helped TO swell
the wcek's total to s604, la5. IS. This sum
was bJrrowe6 on the security of 2l5
lots, al an average interest rate of SIS
per cent.
Straight loans had the call of the
market. showing an aggregate of s4oS.-
2l>.JU. The sJm of all the notes given
FOR de, erred purchase money was sl02,-
0$i.2s. The output of the building asso-
Citations was $50, go.
Country property was most highly
considered as basis of security. dis
playing a total of -s247.1l07S secured
thereon. Land in the northwest was
iucumOsred to the extent of S2l1. .535.
The record of loans in the other city
se"t!pna was: Southwest. SO, 800; north
>-st 1850: southeast, s11,93O.