The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-03-29
All Parties Striving for AID.
yantages From the
Panic Scare.
ACTIVITY IN ALL
BUILDING CIRCLES
Suburbs May Be a Little Ahead
OF City Wards in Matter Of i
Building But There Is II
Energy Everywhere
About Solid ,s
Richmond. Is

4
The real estate market for the week
past has not furnished any exciting
developments, and while it has not
shown very large transactions. finally
| contaminated 1t has been Of absorb-s
| Ing Interest to many dealers.
| A number of large deals that have
been on the string for weeks. and even
months past. have gotten very near to
! the closing point. but somehow or
some other way they have not quite
reached 1t.
to be 'nt little cur fes 4 There ia seems
ITO be ample funds seeking permanent
investment In Richmond dirt; there
| seems. also, to be a good lot of Rich
mond realty that is for sale. and yet
the buyers and sellers fail to get to-
gether. The real estate agents, who
generally do the work of going be-
tween. are certainly not lacking in en-
etgy. and yet they all say 1t Is hard
TO get buyer and seller on a parity. and
the, inability of the agents to get the
two together explains the fewness OF I
week.
Panics Indirect Effects.
| An agent who had heart to- heart
yesterday said: TT will be quite
while vet before We get entirely over
some of the evil effects of that drafted
panic: mean the side effects.
You understand the panic. as
| panic, cut very little figure In Rich
mond. but both sides to the real estate
equation are looking for some kind
OF benefit from 1t. The prospectlve
4 investor thinks he ought to be able
to buy Richmond property for a good
IDEAL less than tire prices prevailing a
| mr. tyr ftrcf ba I,o
1 in some way heard that there was a
lapanic somewhere. On the other hand.
the owner of good Richmond dirt has
In some way heard that there has been
a panic which has scared capital away
| from the stock markets, and that all
/ of that capital is seeking investment
in real estate that is in every way
substantial and iinmovable. Nothing
Eexcept a freshet in James River. the
like of which has never yet been seen
can disturb the equanimlty of Rich
1 mond real estate, and so the holder of
this kind of property argues that the
kfnest time ever known to get good
money for pure Jim River dirt Is a.
kind of semi-panic time. when ineyst-
.ment money is frightened from less
inviting channels.''
This general idea of conditions Isl
that which obtains among spectators
Epure and simple. and therefore 1t is
no wonder that they have been slow
to buy, and. on the other hand. it is
no wonder that the owners of good
! property have been slow to come to-
terms. This condition of affairs speaks
volumes for the solidity of little old,
solid old Richmond. but it is little
worrying TO the real estate gents. who
want to hurry up transactions in or
| der that commissions may materials,
! ize.
| The Real Sales.
In spite of all of these untoward
conditions considerable business in
real estate was done during the week
just closed. the total of tho deals be-
ing something like sl25.00O.
1t would take much more than COLI
umn of space to tell of the various
4 deals, for, as a matter of fact, the
\ great majority of them We're on the
small order. 1t is quite certain that
4 no one transaction that was finally
consummated during the week Just
closed amounted to more than $4,000.
4 TheAe were some transactions practt-
cally closed that are of larger dlmen-
sions. but they have not been really
1 closed. and some of them may never
/ be-
Just by way of illustrations: a big
1 DEAL involving more than $4,000. was
4 on the point of contamination yester-F
day morning. All that was lacking
was the signature OF little woman
She had already agreed verbally to
i sign up. but at the last moment, ana
/ when it came to black and white,',4
i she exercised woman's privilege by
changing her mind. and she did not
/ sign up The 100000 deal went galley
west, and the real estate agent lost
4 his commissions, and also his usual
i good temper just because one woman
M I'm Sill alx yta ~
4 u right TO. Possibly 1t was abouR Il
only right she had left on the Il .h.8
that part of the earth in whlR shs
i held a dover right ~
Suburbs In the Swim.
] 1t Is more than likely that the SUBJ
urhs have been really more active dur
ing the past week than the city pre-
cincts.
In all of the suburbs building opera
tons are decidedly active. In Barton
Heights, Highland Park and Chestnut
Hill they are decidedly active. In
Barton Heights not less than seven
houses are nearing completion. and
during the past week ground was
| broken for three more hoynes. u
! There has been a good deal of ac-
tiyfty in Glnter Park during the past
week. and some excellent sales We're
made. Three of the purchasers ara
\ having plans drawn for their resi-
dences, and work will he started as
soon ms the contracts can be let The
lower prices for building is stimulate
\ ing this part of, the business great
4 deal and 1t is the part OF wisdom to
/ take advantage of the present situa-s5
I5tton Building costs will undoubtedly
be much higher within a rev months
lthan now. q
Messrs,C. p. CABOT. Frank A. HauEil-3
j ton. Alex. p Ryland, G, b. Garnett.s
sIJohn Garland Pollard John IA. I.an.&