The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-06-30
REAL ESTATE AND
BUILDING NEWS
Summer Dull Season Has
Arrived at Last as
A1lAcknowledge.
DIVIDEND PERIOD
ACTS AS A DAMPER
Nevertheless There Is Some Bust
ness Going on, Especially in
the Suburbs, Which Are
Ever Blooming-Build-
ing Boom Is Taking
Rest for While.

1T had been hoped said real |
estate man, that the usual summer
dullness in real estate would not show |
up this year, but it Is here. and there |
IS no use In trying to deny the fact.
Men who want to buy property and
many Of those who want to sell, are
Bcattered. Some have gone TO summer
resorts. some to their country homes, |
and some are looking after the James |
town Exposition. None. or at least
very few of them. are here to keep
the real estate market lively, and so
we agents are forced 10 take a summer
holiday whether we want 70 or not.
che market for the past week has been
seasonably DUH" and probably Will
stay that way until about the 1st Of
September"
The above. pretty well pictures the
situation Tor the past week, for dull
ness prevailed, there being but few
sales at auction. and only a few made
privately: the total for the week foot
Ing UP only about $4,000.
Dividend Period.
However. this kind OF thing IS al
ways to be expected about the first
OF July, and Tor a week or two there
after; but old staEers are not at all
. sprprised at it or disturbed about it..
This is known locally. as the "diyidend
perod,' which is a season that works
adYuntagcously both ways.
~ Financial Institutions which lend
money to builders and buyers COM
mence TO check up about the middle
of June TO hedge for dividends, and
the lucky holder OF bonds, stocks; etc,
facctiously termed coupon clippers
hold up making Investments until they
receive their dividends. and then are
again on the market. All this money
z In few days after the first OF July
flows back into the bands and other
financial Institutions in the shape OF
Z deposits, and then the purse strings
are looscned up. and soon thereafter
real estate dealing resumes Its usual
activity ard normal condition.
snlcs That Were Made.
Some of the agents have made prl-
vate sales that, for one reason and an
other. they do not wish to tell about.
Many of these transactions were small
houses and lots. the kind that are SO
much in demand at this time.
Messrs. J. Thompson Brown & Co.
report the sales of about $4,000 worth
OF property, and among the deals they
are willing to give particulars about
the following may be mentioned: The
three-story Grove Avenue dwelling, No
El607, to Miss Elizabeth Winston, for
$3.50, and eighty feet of land on Null
berry Street. to Q. ]. Davis, for $1,000
upon which Mr.. Davis proposes to erect
q row of nice brick dwellings for rent
4 Brown s. Co. also sold framed dwell.
ing on st. Paul Street, to John anc
George Boiling Tor $1,000; vacant lots
on North Sixth Street. to G. c.. Smith
and several other lots in both the
West and East Ends. &.
a5t3ta4fs TT Sa)dopEa ro,ylor r
port the private sale OF the brick dwell
ling. No. 2S02 West Grace Street, t
t Mr.. S. d. Woodfin for $500. They 'alst
4 report the sale OF three small houses Ii
the eastern section Of the city. "
Messrs. N. w. Bowe & Son sold dur
ling the week about $4,000 worth O
property, mostly small houses, among
them the residence at the corner o
Thirty first and Broad Streets, TO
$3.50.
Auction Sales to Come.
There Will be many auction sale
this week, or attempts at auction sales
and II tho weather Is favorable Their
Will be something doing j
Messrs. j. Thompson Brown 81 Co. an
N. w. Bowe & Son will tomorrow a
p. M. offer under the hammer n vain
able West END tract of thirty eigh
8 acres on Patterson Avenue, Just west q
the Belt Line, and adjoining Leonar
Heights.
I'll Messrs. Brown & Co. have ais
scheduled an auction sale Tuesday al
ternoon at 6 p. NJ. choices lot o
81 Twentieth Street, Paramount, and In
f. mediatelyf thereafter--say,s. ut 6:3O-
they will sell the store and dwellin
on the corner Of Carrington and liver
ty-fourth Street.
Among other auction sales announce
to take place arc the following fo
Tuesday: AT s p. NJ. by H. "A. McCurd,
the dwelling No. GOT North Twenty
seventh Street; by N. w. Bowe a Sol
by John II. Godding & Co.. ii,
n dwelnne8 No 1912 West Clay Stree
the,dwelling No, 9O6 lie Floyd iAvenu,
by Pollard g. Bagby. the sixty-saver
#,ilacra suburban property known 8
"Serbee's Addition" Tomorrow ut
gl5o'clock in tho afternoon Charles y
Ea Rose will sell the brick dwelling. N
NJ 626 Church Street.
8 Weather conditions and the hie
prices prevailing for building matters
and for labor have combined to thro
ss3t something or damper over buildlr
operations, and the building boom til,
has SO long been on In Richmond
Il Enthusiastically subsidlng.
Ginter Park.
Progress and development of Il
II right sort are In order at Ginter Par
Another handsome house has be,
started tho past week, while tho
building for Messrs. s. Rutherfoo
Rose, u. !. IIeaton, George 3, Wnso
f r.. Crawford Redd. Horace "A. and Csc
7. BEDFORD and Hunter b, Trischko
# will all be completed within the nc
few weeks Tho company has III
finished a handsome Dutch Coloni
succeed residence on Brook Road, O
sS posite Sherwood Park, This house !,
tall modern conyenienpes, and Will
(con.inued on Tenth Page)