The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-03-08
February Clearings Show
Gratifying Increase Of Those
of Previous Month.
SMALLER SALES s
FOR LAST WEEK
Owners OF City Property Holding.
Figures Stiff Investors De
rnand Concessions i'll Vain.
High Grade Property
at Auction This
Week.

was In the month of February, marked
in and around Richmond. Mr.. w. q.
Purcell Jr.. young man OF igures.
has complied from the registration
books In tie Offices of the clerks of the
courts the figures showing the clear
ings for the month. and those books
reveal the fact that In the short month
of February there was a decided in
crease In the real estate transactions
| as compared with those of January. The
| figures showing the clearings are az
| follows. r
In old city lln.its-1nlproved proper
ty, ss3320l; increase over January.
si9.1so. Vacant lots-S59,seo; increase
over January, s193s5.
| III annexed territory-Improved
property, s41,275; incease over January,
$24,S66. Vacant property. $2f.T01: de-
crease from January. $1,T3S.
| Total In city. s35S,497; increase over
January s92.527., Suburban lots. s19;-
795; decrease from January sl.7ss.
Henrico acreage, s.19i9: decrease from
January, s743. Grand total $4O0.211:s
| increase over January, S79,996.
\ Resting Spell.
The agents must have been resting
up from the heavy February work dur
ing the greater portion of the past
week. for they did not do the usual
amount OF business. The total sales
for the week were less than 100000.
Bad weather disturbed business to
some extent. and knocked several auc-
| ton sales completely out.
| However. ali the agencies repor. ne
tive in luiry. and they are more ard
more convinced every day that tho
present spring is going to see lively
business ii, the real estate realm. Said
one of them to The Times DispateIl
i man: The first days of spring are
here. and you know. as the young
mans fancy turns to thoughts OF love.
iIat the charming season. so the ill.n
weston in real estate turns his face. hts
heart anil his pocketbJok towards ttles
1 land agents Office
/ buyers and Sellers Apart.
i The principal reason given for the
slsnall aggregate of sales the past week,
land in tact for the past winter, is not
1 that the demand has been inactive.
but tina: property owners have placed
too high price on their holdings. and
i have shown no sort of disposition to-
lconcede anything. On the othershaud
buyers are demanding some conces-
sions. and the agents find great diff
Guilty in getting the two together.
During the past week little difference
iof only $3.50 in Il $4,000 transaction
caused negotiations that had been pend
ing for some time to go to naught.
There l. said to be really very little
I hiEh-class property now in the hands
of agents. and the sales are being con-
fined almost entirely to the lower
Ipriced property. Such is the fact Ia
regard TO the sales that were made
4 last week. However. yesterday Messrs.
\ Connelly d Co. closed the deal for the
valuable property of the Blaty estate.
4 the home No. 1l2 North Fourth Street
Iowned by Miss Jane Blair The price
paid was $4,000. Mr., c. It. Friend be-
looming the purchaser. Mr. Friend de.
clined to say to what use he prono ass
to put the property. This was perhaps
the largest single sale made during
the week. y, y
New Richmond In the Field.
new real estate firm entered tina
sieid last week. Messrs George M.
Meredith formerly OF Norfolk. and NJ
!. Cooke of this city. have formed the
lfirm of Meredith & Cooke, and opened
\ offices IN the Commonwealth Bank
A building, on Ninth Street. They viii
4 conduct general real estate business,
4 ma klng e specially OF timber farm
4 and mineral lands Mr.. Meredith, Who.
Is an experienced man in the business,
mas made special study of the min
Icralogy OF Virginia and North Caro-
: una. andHwill bring to his business aii
intelligence along this line that viii
necessarily be valuable. He is asso-
: Grated with a cooperative agency In
Il Washington. which has manifestations
tall over the West and Northwest ana
/, thus the firm viii have special atlvan.
1 tages In the way of handling farm
( lands that may be attractive To thu
/ temigran.s that may from time to tinia
be heading this way from these re-
gions. Mr.. Cooke is an expert ac-A
!. Ecountant and will be the Office man OF
!, the concern. This firm commented
! business only last Wednesday, and All;
I ready shey have good sale to their
.icredit They sold tho brick residence
No. 4o4 East Cary Street to AIR. Henry;
Harris Tor sS.S5o. Mr.. Harris will re-
side there.
HIGH Grade Property Under Hammer
Z Those among the agents and WOULD
: be Investors who are complaining 5of
the scarcity OF high grade property
!, viii be pleased TO know that some Thar
\, stands pre- eminently iii that class Will,
] be offered this week at auction. Messrr.
! Green Redd announce that they vii.
offer az auction SOME OF that kind on
4 Main Street, aud IL will be II fore.
\ closure sale. and hence the goods must
4 go. a debt, covered by mortgage
Eamounts to over $4,000, and Judging;
! from, the inquiry the agents have al-S
4 ready had from Investors, It seems that
There will be no trouble realizing al
}, THE sale what the bond demands. The
!. property consists OF three moderil.
! lsteam-heated apartments houses. Tia
!, auction sale Will take place next
!, Thursday,
The building Outlook.
!, All of the contractors look for ms
|, Icreased activity among the homes
i builders, now that the spring weather.
!. is opening up In good building shapa.
There is a great deal Of homer utidiH0