Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-01-10
IN REALTY CIRCLES.
OUR AGENTS sANGuINE As TO THE
OUTLOOK FOR 1897.
NEW MANUFACTURING ENTERPRISES.
The FiOod-Tidc of Immi x ration Set
ting Tn-Need for an Exchange In
which TO Conduct SaIes-Othcr
Valuable Suggestions.

Valuable Suggestions.
The fact that the real-estate agents are,
with very few exceptions, unusually san-
guine as TO the prospects of the year Is
Indicative OF a revival in business. Realty
/ Is invariably the last line OF business TO
feel the animating influences OF revival.
for no matter how slight may be the
financial depression. 1t never fails to
reach this the most sensitive OF all the
branches OF commerce.
The real-estate agents Of this city were
visited by Dispatch reporter last week
and asked for their views as TO what the
year holds in store along this particular
line. With remarkable unanimity they
stated that the prospects for 1897 were far
brighter than they had been for many
years. and their reasons for entertaining
this belief will DO found in the interviews
that follow. The demand for properties
is increasing daily, and negotiations are
being carried on for the installation here
Of several new manufacturing enterprises.
! For obvious reasons particulars of these
|
agent is ever fearful of being cornered in
his deal.
| THE THRESHOLD OF IMPROVEMENT
j. Thompson Brown: In our line Of
| business. we think, the prospects for 1897
! encouraging. To make a diagnosis of
| the Congratulated patient such as busi-
ness has been, we think every symptom
| points to a convalescence. The arteries
OF trade are now throbbing with healthy
| and copious flow OF good, solid
money. This alone will in the near fu-
ture produce more vigor Of life and ac-
tivity in business
| Indications in our line, unwise to men,
ton now, evidence the fact that bust
ness is on the threshold of Improvement.
J. PULL ALL TOGETHER.
Mr.. N. w. Bowe: There is no denying
| the fact that the real estate market has
| been very dull for some considerable
| time. As soon, however, as general lines
| OF business show decided improvement
| land this will not be very long. for there
are already indications Of better things
/ ahead. then the market for real estate
will take on it's wonted strength and
buoyancy. and many persons. who are
now anxious TO sell will become buyers,
! instead
Let us ALL mean businessmen Of
every calling-wOrk with cheerful hearts,
| practice reasonable economy In our pri-
vate affairs, and insist upon like frugali-
| ty in our municipal matters ard with
the prevailing easy money market, it is
not risky TO predict better things, all
| around. IN the near future.
| Mr.. II. Selden Taylor declined to be in
! terviewed. for the reason, he said, that
he knew of nothing definite that would be
J ~ fnfa ~ IL hplipVpQ
however, that the prospects were much
brighter for 1897.
REAL-ESTATE EXCHANGE NEEDED.
Messrs. Pollard & Bagby: We hailed
with delight the approach of the New
Year, for we felt and stl. feel that real
estate will take an upward turn in the
early spring. But we 0he real-estate fra
eternity must not be idle, for much of the
hoped-for improvement will depend upon
our own work. We agree heartily with
what Mr. T.. S. Rose recently said in an
interview i'm regard to having a salesroom
or exchange, and TO abolish the abOmina
BILE custom of selling on the premises. We
can never expect moneyed men to traffic
much In real estate until place of com
fort is provided for them when attend
ing sales. We do not think that they will
be afraid of being "cornered" even by
real-estate agents.
THE TIDE OF IMMIGRATION.
George Z. Crawford & Co.: The out
w. or 1877 seems to be particularly
bright. We have had very large num-
D,- II Applications and inquiries from
people settled in other parts of the
country. who propose TO move TO the
South and we are looking forward TO
a brisk season in the line of immigration.
Most of our correspondents are at pre-
sent residing in the Northwest and in
Canada, and will move here as soon as
they can dispose of their property in
those sections. We are at present ne
gotiating for a tract of land, not very
far from Richmond, of 10000 acres, which
western capitalist proposes to buy ana
parcel out to settlers. We have con-
Quoted number of parties and capital
lists through the State and all are much
impressed with the cheapness of the land
and the excellence of the soil. A Chi
cago man, who has been travelling
through the State under our guidance.
has just completed the purchase of 1.10o
acres, situated on the Southern railway.
in the line of new manufactures there
is little doing We have, however, had
an inquiry from man who proposes to
start a coffin factory here, and has asked
us TO look out for site for him.
FOSTER AND ENCOURAGE INDUS
TRIES.
Mr. H. L. Cabeli l think the values
for realty during the year 1896. struck
rockbottom, and / expect TO see prices,
from now on, show a gradual, but steady
Improvement. A great thing has been
done for the good of our city, and GER
tainly for the real estate business, when
our citizens have been aroused to the
necessity of the city living within its
means, and when our citizens also are
realizing that all Is not well with us, but
that each citizen who has the good and
prosperity of the city at heart has goi
TO put his shoulder to the wheel to help
bring Richmond to the front / know at
present of no new enterprises, but / do
know that the best to get new ones Is to
make the old ones successes Show that
the manufacturer we have are succeed
ing and others will spring up. and the
capital to run them will not be lacking.
Let everybody, therefore, foster and en-
courage our home factories and institu-
tions. and let everybody who processes
TO love and believe in Richmond show
their devotion and faith by going TO
work and doing something for her.
EMPLOY THE SURPLUS MONEY.
Messrs. Sutton & Co.: We cannot say
that we regard the business outlook for
the present year a particularly bright
one, though we are hoping to see a de-
cided Improvement on the year just past.
which has been an exceptionally bad
one. There is a great deal Of surplus
money in. the city seeking investment,
and as so many persons regard real
estate safer than any other way OF in
vesting their money, we can naturally
expect for something to be doing I'm our
line Of trade.