The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-10-27
Activity in City Property
is Largely Dependent
Upon the Crops.
MALLERPROPERTY
CONTINUES ACTIVE
Owners OF Richmond Realty
Holding for Stiff Priccs4A-frans-
actiorrs for a Week Nmler-
ous, but Small in tic
Aggregatc-Building
Shows No Decrease.

After all that may be said about
manufacturers. etc. Virginia is an ag-s
ricultnral State, and all business. even
tho city real estate business, hinges
on tile crops. Real estate agents are
not a little worried about tile dull
ness in their line: but why should
they be? 1t all depends on crops at
last. The Virginia crops are from six
weeks to two months late this year.
October has been the sharvest month
instead OF late August and all Of
September. The flush times come
along after the harvest month. Ac-
cording to that theory November and
December will be the flush times
monts for this year. This rule ap-
plies to city real etsates as well as
to other lines of business.
Az An Agent Sees III.
To ILLUSTRATED: A real estate agent
yesterday said to a Thnes-Dispaioh
representative: "I have SOME good
property to sell which a wholesaie
merchant has become very much in
terested In. His books show that lie
has made something close to. $4,000
this year. but it is on tho books. Col-
~lections are slow because the crops
We're late this year.
The accounts that he usually col-s
|lects up in October will not be in hand
until the last OF November or the first
of December. Why? Simply because
crops or all kinds were that much be-
hind this year. 1t was his purpose, and
is yet, to invest his profits for the year
lin real estate. The books show he has
made the money to SO invest. hut for
the Heasons already set forth that
money is not in hand. There Is M
doubt that it will be, but 1T Is q little
late, and when his collections begin to-
como in I will sell him the property.
SO you see / N not at oil troubled
about the present duliness. The thing
Will even up before Christmas"
transactions OF n Week.
The real estate transactions for the
past week., like those OF many pre-
,lvious weeks, show that the bulk of the
Inquiry is for small and cheaper prop
lerty.
Any house n lot on the market
that will sell from $500 down Will
find a ready and anxious buyer, and
anything of that class that may beS
for rent will find q dozen applicants:
and find them In very short order.
The sales for the past week were
confined largely to tho lower-pricedl
residence property, and even these
wero not as numerous as they would
have been had there Doe more prop
erty OF that kind on t market.
Tho truth is that tho supply OF tho
cheaper grades of homes Is not equal
to the demand. This fact has beesi
evident for some time past. 1T may
be that there Is a sutficiency of this
class of property for sale, but the
owners are holding out for fancy fig
ures. Heal estate agents complain that
holders OF such property have their
ideas inflated. and some OF them are
disposed to blame the newspaper men
not a little for tho trouble.
: They say the papers have been harp
: ing along this line SO much that owners
J lhavol begun to believe thatSa gold minis
, rests under the floor of every cheap
house In the city. and they have ads
Nanced their figures accordingly. get
ting far beyond tile paying movers Ut
q the average seeker after q small home.
1t must be said that tbs newspapers
= have been simply stating TIN facts
4 Thcre is an active demand Tor 9
a.llower-prieed home and no snaa props
erty remains unaold long atfar, an
!, agent puts II before the puhlic--thftt
= is, IL his figures are NOT faneifuk
4 The total sales the pHst week
Amounted to less than STs,oose and MAS
largely conAned To small ai,dseheanss