The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-05-12
REAL ESTATE AND
BUILDING NEWS
! April Showers in May In
terfcre With Many
Auction Sales.
I OF + ICE BUSINESS
IS QUITE ACTIVE
Contractors Never Had More
Business on Hand-Increascd
|. Prices for Material and
Higher Wages Seem
TO Cut No
Figure.

Transforms and April showers in
May have been the order OF the wool.
Just closed, and. as Tia turui result.
weather has again E;.d Il bad effect on
the real estate business, especially that
part of 1t which took in the auction
sale branch Of the business. Attrac-
tive public sales of property were an
nounced for every day in tie week.
but along came the rains. which drove
tho prospective buyers indoors, and the
eloquent nuctionecra In most cases
found themselves without an audience.
A majority of the sales announced to
take place during the week were de-
cnrcd off, or rather postponed TO all
other day, and the result is tl:c udver-
Using columns Of the newspapers Will
get another slice at the pic OF per-
lquisites that hang around the average
auction sale. Some day, maybe. n real
estate exchange will remedy this evil
of long standing. Yes, some day: but
down yondcr on the long lane that
stretches out In the future.
Good Office Business Done.
However, Notwithstanding the bad
weather, the real estate agents have
not been at all idle. In their private
Offices they have done deal OF bust
ness. and the total OF the sales OF the
pnst week that have been actually
made foot Zip something like 100000
While the business OF the week was
pretty generally scattered Throughout,
the city, 1t. must be said that The mos,
OF 1t was done in the western section
and confined very largely 10 Lee Dis.
trict. Some good sales We're made Ii
that section, but tho most OF then
Were on private terms, extremely pri
rate---so much so that no one will tel
+ q newspaper man n word about thu
things that have been doing. excep
in n general way.
Some Things Learned.
However Information hrs siftct
through the sands of real estate reti.
cence to the effect that J. B. Elan &
Co. have sold to James d. Crunlp ,
splendid lot on Monument Avenue, be
tween Meadow and Allison Streets
which fronts nifty feet on the avenue
and runs back $50 feet. The price pail
by, Mr.. Crump Is not given. but Tic
Information that he bought for thu
purpose OF immediate building Ia.
leaked out. 1t is known that this gen
tleman has had his eye on the avenue
for some time, and was only waitin:
his chance to get an eligible lot for 1
homo residence.
Messrs. Elan & Co. have also solo
privately thirty feet on Park Avenue
TO Mrs. Maggie Z. Slaughter, for $40
and sixty feet on Park Avenue to Mr.
r. ]. Slaughter. for sl.0so. Two attrac
tive &omes will be erected upon thes,
lots at once. They have also sold t.
Mr. Herbert D. Nuckols No. I16 Yves
Marshall Street, for $780, and alst
No II West Leigh Street. for $500.
Busy Builders.
The demand for small houses an,
lots upon which to erect small home
continues. and there can be no doub
of the fact that the demand is fa1
and away ahead Of the supply. This
is not going to be the case always
however. for 1t Is known that mum
her of Richmond capitalists are yer,
nearly on the point of getting to
9 Eether In scheme to form syndicnt
to meet this demand. The thing i
easily enough done. All that is require,
is u good little pile Of money, backe,
by healthy bank Of nerve, and
reasonable stock Of business judgment
a syndicate thus backed could do
vast deal for the upbullding OF Rich
mond. and incidentally 1t would max
splendid dividends.
I3uiling operations were never nor
q active than right now. There Is, O
course. II great deal Of talk about tn
advanced prices of all manner of build
ing material, and not a little mouthln
about the increased demands OF tn
labor element for higher wages, a
of which, rs a matter OF course, In
crease the cost CT building, but a
the same there Is not contractor /
all OF Richmond and Manchester VIII
has not his hands full. and real
moro work on hand than he can pos
sbly hope to complete within the tim
"nominated in the bond"
The suburbs are as active rs the
have been at any time this season, M
this In spite OF the fact TINT rain
weather, which Is supposed to be di:
astrous to suburban real estate dca
ing has prevailed pretty much all {
H the week.
In spite of the rain and the storm
tho suburbs are unusually peautfl
and attractive Mt this season OF Il
year, and choice properties arc Dci7
rapidly taken by the .homeseeker. Gin
ter Park is getting large share (
tho business, and tho prospects for {
active market this season are mo
n catering. Another Chamberlayno Av
nue lot has been sold this week to
gentleman connected With tic Ches
peake and Ohio Railroad. He Is nla
ming to erect a handsome home In Il
near future, Mrs Helen r.. 1'rlttt
4 has let the contract for her new res
dence, to be built on Seminary Avenu
near Rennie Avenue 1t will he a han
some building, fully equipped with {
modern convenlencos,
The residence Of Mi. S. Ruthcrfoo
Rose is rapidly nearing complete
and Mr.. John Garland Pollard Is pr
pairing to build at once.
lCoutipucd OH Tenth paga.l