The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-06-14
Active Inquiry for Building|
Sites in the Newly-An.
nexed Territory.
MANY SMALL SALES;
AUCTIONEERS BUSY
Total Of Business for Week
Foots Up Splendidly-Sunrner
Vacation Seems to Be Yet
Good Way off-su-
burban Bush

ness.
A few weeks ago some OF the real
estate agents predicted that the sum
mer dull season" would. for various
reasons. commence sooner than usual
this year. while there were others who
expressed an opinion that there Will
really be no summer vacation for the
tired agents. The last named prophets
seem now to have the best of the ar
gumcnt. The past week has brought
out none of the midsummer vacation
feeling. Business has been quite ac-
tive, and while the sales actually con-
summated were not as large as the
carly week signs Indicated they might
be. the agencies In the main are we'll
satisfied with the round up. More
business was done than shows up on
the surface. For instance. one firm
made sales amounting to nearly $4,000.
which do not show on the records, for
the reason that parties to the trans
action. whose names must figure on
the deeds when passed. are now trav
cling in foreign lands. and in the ma
ture OF the case the transaction cannot
be closed until the fall, although the
deal has been made, papers signed as
changed hands. Other sales that have
been made are still hung up between
the offices OF the agencies and the deed
record book for one reason and an
other.
A1hnmhra Property Sold.
However. the transactions that have
been actually closed during the week
past amount to something moro than
100000. The bulk OF the deals We're
on the small order. and hence the
number OF distinct deals were larger
than appears on the surface.
The largest transaction of the week
was made by j. A. Connolly & Co. 1t
was the sale OF the Alhambra Hotel
property. corner Of Eighth and Frank
lin Streets. for $4,000. Tho agents
decline to give the name OF the pur-
chaser for the present. They say the
purchase was purely an Investment.
and no changes will be made in the
uses to which the property Is to be
put. In fact. the agents have already
signed lease that assures the fact
that the property will continue to be
devoted to hotel purposes. Messrs.
Connolly & Co. report other sales
amounting to about $4,000. -.
Good Prices on Grove Avenue.
Another sale OF the week that was
somewhat on the large order resulted
In a considerable space of centrally
located residence property changing
hands but the agents who made the
deal are as mum as oysters concerning
II, the deeds having not yet reached
the clerks office.
Several lots were sold during the
week on Grove Avenue in the neighbour
hood of Rowland Street and there
abouts. at s65 per front foot, which
is considered a good price Several
thousand dollars worth OF lots changed
owners In tn. region adjoining and
near to the Cowardin subdivision. in
the eastern part of the city. and 1t is
Eaid that there will be a good deal OF
building in that neighborhood in the
near future.
The Rev. Milton ]. Hoover. OF Ter
rell. Texas. who has been in the city
for a week or more settling up an
estate In which he is largely. Interested,
put some good city and suburban prop
rrty on the market on short notice, and
had no trouble selling 1t to investors.
Rental Agents on n Rush.
There seems to be Increased inquiry
for vacant property In the newly an
neXed territory. every agent holding
such land being kept fairly busy
showing home sites to would be
buyers. AS the city pushes the work
of "cityfylng" the annexed regions,
tho home builders appear to be anxious
to secure home places there. Mr.. w.
r. Purcell, .Tr:. tho map maker. has
iust completed his atlas OF the an
nexed territory. showing all the streets
and alleys, houses and vacant lots,
and the names Of tho owners. These
atlas displays, while a little costly,
have been readily bought by the
agents, and this is taken as evidence
that eager business makes them very
necessary in their line.
The rental agents report very active
business Some Of them say that not
withstanding the building boom which
has been on for months past, the de-
mand for houses Is greater than thew
have ever known this early In the
season. At least nine-tenths Of the
renters who gave the ninety-day no.
tice of purpose to vacate had
no idea Of vacating. hut gave the no.
tice merely with view of looking
around to see If they smight be able
to do better. The most of them have
Withdrawn the notices, and some Of
them withdrew them too late, having
found upon doing so that tho agents
had closed leases with other parties,
and these experimenters are now look
the first OF September next.
Auction Sales arc Good.
epeaking Of the rental business.
Nessrs. NIcVeigh & Gllnn report things
especially active. In tho past week
they have signed up leases for t least
one-third of the residences which We're
on their recently published list, They
also report leases being signed up for
che Hanover" Franklin and Adams
Streets. and expect to have the flats
pr apartments In this particular build
Ing rented by December LIST. when pos
Session will no given to tenants. Their
experience Is that dwellings are being
Vented for September better than for
years past and they do not anticipate
my vacancies on that date.
With better weather conditions, auc-
>ion sales are being largely attended,
Md fits rare that a piece Of property
ls taken In when, for any reason IT Isl
l-lZI1l71 Gnnfinnnd or EThird PAGER -11ll7ifl