The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-31
BEST SINCE THE
BOOM DAYS OF 20
Prosperous Year in Real Estate in
Richmond.
EVEN PESSIMISTS ARE HAPPY.
AckDowIedg &C the Great Improvement
In Conditions Over t80S-Some of
the Local Influences Which
Have Brought IL About.

The real estate broker, contemplating
activity Of lSe with conditions OF that
marked IN lSss. finds cause for genuine
satisfaction, for the Improvement has
been so perceptibie that even the most
pessimistic acknowledges IL. and views
1he prospect with iisIn- nope. me real
eStste market was doorcssod In 1893.
The year just closed has witnessed re-
rsaTkaole moro ement, ana IN OUTLOOK
Tor 1870 holds promise Of sven better
things.
The tone % the market frightened last
spring, when new railroad began buy
Ing property. Other large enterprises
were establ shed In the months that fol-
lowed Prices i'm r0vei
The addition az hundreds OF well paid
mechanics to the local population dur
ing The yea caused greater demand
for dwellings. There was a notably
strong demand for residences OF the Dee
ter class. SUBURBAN property has IN
creased in value. There are fewer va
cant houses in the city than for num-
Der OF years.
But the real estnte men can tell the
story in Their own words The Tines
puhiIshes herewith interviews obtained
with a few OF the dealers. They will be
and crafty some who do not possess the
data which these talks disclose
A BIG INCREASE
Messrs. J. Thompson Brown & CO., IN
an interview. stated that tho past year
was the most prosperous since the boom
days OF 1870 and in many respects
record breaker.
How did Il compare with 1882 asked.
II more than doubled the business Of
1905. or. In fact. any year in the past
decade. The general prosperity prevail
ing In all branches OF business naturally
has its effect upon real estate 10 which
the successful and wise man looks FOR
an investment Of his pr1iits where safety.
pemanency. fair and STEADY returns can
be expected: TO this general prosperity.
prevailing here as elsewhere. was added
certain local influences. not possessed by
other cities. which gave Richmond a
start early In the spring, which has con-
Cnued right along up 10 the present tine
with increasing force and energy
To what local influences DO you refer?
was asked.
RAILROAD DEvEI OPMENT.
To enumerate them IN tho order OF their
Importance We would say
First. That the bring ny 90 Richmond OF
n new railroad and the consolidation Of
the Sea5oard Air Line. which IS grand
southern trunk line. with its prospective
terminus and work shops here, as organ
ized hy John Shelton Williams. NJ this
city was the FIRST and most important
factor in the great progress which Rich
nond has radc I'm the year 1879 The I'M
provements so long promised by other
railroads IN our city lying dorman until
awakened 10 ilfe and activity BY the sa-
gacity and enterprise Of this voung Rich
mondrr. 10 whnm. we think. more credit
Is due for waking Ut tho odd town" and
creating almost a new Richmond. than
TO any other single Individual the large
purchase y real estate In the carly spring
by this and o'her roads that were 7purred
into action by Mr.. william enterprise
started the "clogged wheels" ~ real es-
tate. which have been revolving ever
since.
Second in Importance was the estab-
fishing OF the Trirg Sbip"ards Tnese
added at a bound Na or more
skilled white mechanics 10 the city OF
Richmond. which has since increased we
are told. 20 nearly $40; and our vacant
houses at once began 20 III up with
desirable class OF tenants. our retail msr-
chants hegan 10 feel the Stimulus OF IN
Increased patronage. and all lines Of hos
sness were more or less indirectly al act-
81 To Mr. T~ign and his associatta OUT
Sity Is indebted in a large measure for
Cur increasing rrosperitY.
COAfPI IAfENTs TIE TIMES
Thra. To the local press, and no.ably
IN Times. I'm advertising our prosper
f+v .o the world thereby bringing Other
indu rfes capital and m echanics 20 our
sfnrs You know there 's IN o'd ad0Co
thaf Nothing succeeds Ike success" bet
no ueople must know IT, and your big
head mes and column after column OF
nr ned matter making known 10 the
world what Richmond was doing. has
done much to make "the wheels rcvOlve."
And here lei us give 20 YOU n friendly
rub. Mr. Times. and say II You VIII add
to the liberal space YOU have already
given In advertising the advantages OF
Richmond that which YOU have Civ
en-. IN ed torials on "State Bank Issues"
which. IN our opinion, is a dead issue,
We will rank you first next year instead
OF third.
What kind OF real estate was most eff
fected by this prosperity?
nusiness properly. Investments In im-
proved property. dwellings, and tspecial-
iv high grade residences. Our sales for
tbs past year IN these particular lines
have SURPASSED an our expectations.
BIG PROPERTY SALES
Among the large sales made hy us DUR
fne the rast wear we mieht note;
The Pyrltes Nine. in Louisa county. 70
The virginia and North Carolina Chem
lea Company for 100000.
The pace Blesk, 20 tho Ailisor estate.
for ssi foo.
1hs Bedford Pulp md Paper Con,nany's
p1snt n a local syndcate for $4,000
c.ilege MIL. property I'm conjunction
with Me-srs f. A. Cs;iin and J. r.
C1.r. e COZ fc- S1l7o'o
IN. Central wrrehcuse % the Drew
ry-Hurhes Company. Tor go ooo
The Oil store or Bread street for ST.
ooe.
The Le,,ke residence. on south Third
rtrs.' fnr $40 fn.
Tn. s.uer store. lith and Main streets,
FOR % 500
The potts rs-'aence. First and Grace
streets. for $50 500
The Cd crys;al Ice Corpanv's plant,
,si>in'nR the on dominion Steamship
Coa-,~v's wharf. for 1880.
Huizies store. on Fourth and Broad
street, for 90
The Todd csia.n m Franklin street. I'm
conjunction wifi fessrs sutton & Co.
ant =. A. Cailin). .gregatlng over soo.-
Geo ana others which 70 not now occur
70 rs
We would also Judge rom our many
sales 70 he i-gai prof on iha. the past
year has heep a very prosperous one TO
sffrn t~aoo~ sao - 'r" nu~"has"s
from Us IN the legal fraternity we win
mention;