The Washington times., 1913-06-21
INCREASE IS SHOWN
IN REALTY TRADES
Activity in Money Market, With
Straight Loans Standing Out
Most Prominent.

operations Tor tne tnlrQ week OF June
are the increase in the volume of trad
ing and the activity of the money mar
ket despite a decline in the number
Of transactions completed from the
record of business during the first two
weeks of the month. The total of lots
and parcels of real estate involved in
the trading of the past six days was
3ls, an increase of nearly Is per cent
over the last weeks record.
An advance of more than 10000 is
shown in the loan department of the
realty business over the total of loans
negotiated during the preceding week,
and of $40 NJ over the figures for the
initial week of June.
A falling off of nineteen trades from
the result attained last week are noted
in the number of transactions effected
by the brokers in the past six days.
This decline is one short Of the defec-
ton in selling noticed last week from
the activity Of the opening week Of
the month. In spite of this decrease in
activity, due probably in some measure
to the extreme heat experienced during
large part of the week, the brokers
succeeded in closing $50 sales. maintain
ing a daily average of twenty-five
trades. which, considering the period of
the month, is no mean showing.
Sales Evenly Distributed.
The selling was not confined to one
or two days of the week. but was rath-
er evenly distributed throughout the six
days. Monday was the banner day of
the week, but led Thursday by only
one transaction. There were twenty
nine sales made On the former and
twenty-eight sales on the latter day.
Wednesday and Friday were tied for
third place. each having twenty-seven
1s~ a.
one trades reported on Tuesday. and
eighteen on saturdays hah-holiday.
Suburban property, as befit the tenn
perature. was the chief sellin- attrac-
ton of the week. Nearly half the vol
ume OF trading was in this section.
where Ia parcels changed owners The
northwest ranked second with sixty-five
lots TO its credit, followed by the near
urban district with fifty-five lots con-
yeyed. Eleven lots changed owners in
and seven in the southwest.
Analostan Island Sold.
The most interesting sale of the week
involved Analostan Island. a tract of
eeventy-five acres in the Potamac river,
opposite Georgetown. It was expected
that an amusement resort might be
located there. but the enterprise did not
materialize. Joseph Letter, recognizing
the adaptability of the island should
the Washington Gas Light Company be
compelled t. seek another location for
its plant, near the foot of Twenty-sixth
street, decided TO buy the property.
The Commercial Club took title this
week to its new home, on / street,
around the corner from Connecticut
avenue. The title has been held. by the
American Security and Trust Company.
In connection with this purchase and
contemplated improvements the club
has issued q series of bonds aggregating
H35,000 in denominations of 81 900 and
500. The bonds run for twenty-five
years and bear interest at 5 per cent.
One Sale Down Town.
There was dearth of activity in the
business area this week. The only sale
in this locality involved premises 110s
and lilo H street northwest, acquired by
Sidney W. Flagg from Harry @. Lay
cock. The consideration stated is nom-
inal
The largest financial transaction Of
the week was the negotiating of a loan
for s15o.0oo for the financing of the con-
struction of the new hotel at Eleventh
and e streets northwest. The Harring-
ton Hotel Company transferred the
property to the United States Trust
Company to secure the repayment Of
the loan in three years, with interest at
s per cent.
The exact figures in the loan market
this week were $s52, ,A2.18. This sum was
borrowed on the security of 1s9 lots, at
an average interest rate Of Sc per cent.
Straight Loans Prominent.
Straight loans were most prominent
in the weeks business, showing a total
of $40. .3o4. The sum of all the notes
given for deferred purchase money was
Sol, 1,03s1s The output of the building
associations was s109, 100.
Northwest property was most favored
as loan security. being pledged for an
aggregate of SS47, 756.25. County property
was encountered to the extent of $2l3,-
25.93. The record of loans in the other
CITY sections was: Southeast, S39, Us;
northeast, $1e.706. and southwest, $500