The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-08-18
Money! Leaving The Stock
Market to Seek Invest
1nent in Real Estate.
SUMMER DULLNES
=
HAS HAD ITS DAY
Autumn Activity Is Already
Noticeable All Rentable
Property Has Been Naken
More Money Invested in
Houses to Rent Would
Bring Good Interest.

Houses to Rent Would
Bring Good Interest.
TT may seem a little strange to you,
but the fact Is that the slump in the
stock and bond market is proving to
be q good thing for the real estate
dealers" Thus spoke q prominent real
estate dealer yesterday. Continuing,
he declared that he knew OF a number
of men in this city who have been hurt
by the slump not seriously. not enough
to exhaust their bank account or to
impair their credit, but enough to
bring them to their senses and con-
Itvince them that after all good Rich
mond realty is the safest and best IN
vestment. This agent says he knows
of large sun of money that has been
withdrawn from the stock market spec
ulation channel, and Is seeking invest
ment In real estate, either city or 81
burban.
Basing his calculations on this fact
the real estate man says he looks for
the livest business the coming fall that
real estate has known for several
years. Z
Business is looking up in, all quar-
to suburban property, but there Is
eager inquiry for city property Of oil
kinds. especially small property.
| Broad street Deal.
In the matter of private sales this
I past week in realty circles has been
a decided Improvement on those pre-
ceding since the usual summer dulness,
and now that autumn is near at hand,
those who deal in real property feel
quickening pulse and predict upon the
return of the investors and capitalist
among househoiders now on vacation a
1 brisk and busy fall business
1 The Times-Dfspatch's-s misrepresentation
was given a quiet tip that an Important
4 Broad Street deal had been closed last
1 week by ]. Thompson Brown & Co., anil
on making Inquiries at their office, Mr..
J. Thompson Brown admitted such
deal had been made and papers signed.
but thought 1t premature to give fu.-
| Their particulars, without permission OF
all parties Interested. Their firm res
ported. however. quite an increase In
applicants for all kinds of property,
and In addition to the above they res
| port having closed quite a number OF
deals during the past week OF more
or less Importance.
Among other sales made they felt
at liberty tomention the following:
| The handsome three-story trick DWELL
ing, No. 2337 West Grace Street, to
Mr.. j. Reinach. for SIC 200 cash; the lot
corner Rrookland Boulevard and Bar
ton Avenue, to j. j. Teathes. for
Chaffin Street, to ]. W. hughes. for
$3.50: the house and lot North First
Street. to William Saunders, for 81 $50;
| the frame dwelling, No. 720 Holly
Street, to E. M. Gaylord for $1,000. and
| other vacant lots in the far East and
4 West End.
General business Good.
Other agents report general inquiry.
especially for small property, and q
number OF good sales made. although
they decline to give particulars and
closed by the registration of the deeds.
The rental agents say all of the
houses that are rentable. have been
taken. They say many new buildings
that have been completed within the
past few months have been taken as
soon rs finished, and as many more
lcould have been asffeasily rented.
There Is no better Investment for
Richmond money Just now than houses
alfor rent" was the remark OF q promt-
nent rental agent yesterday. and he,
added that he could not very we'll Sun-
derstand why Richmond capitalists do
not put more money In bricks and
dred houses in few days II he had
them on his list.
building Operations.
The builders and contractors are
busy finishing up contracts in all parts
of the city. Workmen who have been
4 taking short vacation have returned
to the hammer and the saw and many
Ipushed to completion. The contractors
are figuring on many new jobs, and
| the indications are that there will he
known In Richmond.
with good open fall weather, We
Will be kept busy right to Christmas,
contractors In the city. This cn,strnet -s
or said the purchasers of suburban
property are anxious to build and, 70
build quick. lie also said there has
building material, and labor Is not
]quite MS hard to get as 1t was a few
months ago, He looks for very active
Operations the balance OF the year,
In the Suburbs.
There is no cessation in the demand
Il for suburban property. Lots IN al
the suburbs are in active demand, ana
the agents who handle this property
exclusively do not complain Of sdu li
4 times or summer cessation OF bust
During the past week the residences
Of Mr. George 3. Wilson. on Cham
Il berlayne Avenue, and MI; >. lHutneI-
I foord Rose. on Seminary Avenue, have
4 been completed, and the residence OF
I Miss Anas p Kent. at the corner Of
u Walton and Seminary Avenues. was
commsnced The excavating for the
new school ana assembly hall and the
i EpiscopaI reolory, q on Cottage Avenue.
II is about complete. and ready for tho
II brtcklayers. The completion OF the
4 school and Che opening,of the Ashland
\ Electric Road viii mean great things
4 for Ginter Park, US s.stt =. w VA
This section Is destined TO- be Rich
! fmends finest residential centre, ana