The times. [volume] (Richmond, Va.) 1890-1903, 1902-05-11

DOING. RUSHING
REALTY BUSINESS.
Much Property Sold in Richmond
Recently for Cash.
CONSTRUCTION Ms is HELD UP.
High Price of Labor and Building Ma
terial Causes Many Plans to Be
Shelved-Statistics
for April. +
CONSTRUCTION is HELD UP

The real estate agents of Richmond
have sold much property of late.
Many pieces OF realty have been dis
posed of at public auction and privately,
and the prices have been gratifying.
Messrs. J. D. Carneal & Son alone re-
port recent sales amounting to S6oO75.
Much of this property was disposed of
for spot cash.
The following is an itemized statement
Of this firms sales:
Gentry farm, Hanover county, $500.
Lot, s. feet, southwest corner Syca-
more and Main Streets. $1,000.
Lot, East Broad Street, between Thir-
ty-sixth and Thirty-seventh Streets, $3.50.
No. 2l9 North Eighteenth Street. s1.500.
No. 730 North Seventeenth Street, $500.
No. 1905 North Twenty-third Street.
s1,4cO.
Nos. 412 and 414 East Marshall Street,
$500.
No. 719 West Marshall Street, $3.50.
No. 211 North Second Street, $3.50.
No. 1-2 West Clay Street. Also.
Nos. POS and POI East Marshall Street.
$500.
No. 401 West Marshall Street and S12
North Monroe Street, $4,000.
Nos. 100, 102, 104 and 106 Pulliam Street.
Nos AL and al IL West Baker Street and
Nos. 400 IL and 4O2 Duval Street. $1,000.
No. 300 East Broad Street, $4,000.
Nos. 107 and III 1-2 West Cary Street.
$500
Allards Planning Mills Twentieth
street,. sl15oO. Total. s6O,075.
BUILDING PLANS SHELVED.
1t is unquestionably true that the high
price of labor and material has caused
many Richmond persons who contem-
plated building to shelve their plans for
the present
Several apartment houses are contem-
1ofn h,,S orl1 he ofal
they can be built more cheaply than at
present.
What Is true Of Richmond is also true
of every city in the land.
The Construction News. of Chicago, OF
yesterday, in this connection. says the
following:
UnQuestonably the unreasonable prices
Of materials has resulted in numerous i'm
orovements throughout the country being
deferred until next fall. The figures for
last month show that there has been a
decided cessation Of the activity which
characterized the various building de-
partments Of the leading cities during the
first three months of this year.
However, there is some construction
work going on, and were 1t not that all
building materials tlave bounded to ex-
allied heights, there would be many other
structures of all kinds in process OF cree
ton The enormous rise in the cost OF
construction has seriously initiated
against the completion of contemplated
structures, many of which are operations
involving the expenditure OF millions OF
dollars. This extraordinary advance in
the prices of all materials has been
accompanied with an advance In
wages to higher levels than have been
reached for a decade, or perhaps ever be-
fore. This rise in wages. like that in the
price of materials, is due, Of course, to
the pressing demand for skilled labor in
all the building trades. but it has no: yet
reac hed it's limit, for it is announced that
in some branches of the building trades
the workmen are about to insist on still
higher wages.
STATISTICS FOR APRIL.
Here are statistics prepared for Con
struction News for the month of April:
There were S,314 permits issued in q
cities for the erection of buildings In
volving an expenditure of $26,3l2 ll9. as
against $3.50 operations last year for the
same month, a loss Of 226 permits. The
April. 1901, operations called for an out
lay of SOL, 269, 123, making this years show
a deficit of s24,S97, o04. or percentage OF
loss of As.