The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-04-12

MANY TRANSFERS
WERE RECORDED
Auction Sales Unusually Well At-
tended During the Past Week.
Troubles the Renters Ex-
perience-Suburb Ac-
tive in Building
and Sales.

The real estate transactions for the
week past, so far as they Indicate con-
are a little mixed. The trans
fers as shown by the books in the Of
fees of the clerks OF the courts would
indicate that business was very lively.
and so 1t was with the clerks whose
business 1t Is to record deeds. On one
day during the week deeds went to
record that amounted to about 100000
in the matter of sales. There were
other large days. and on the whole
transfers were made representing
something like 100000. However. the
trading, or very much OF 1t. which was
thus brought to q climax. was engaged
in weeks before. and some of the trans
actions have already been told about In
this column The actual transactions
for the week were not large. Per-
haps 100000 would cover the full
amount of property sold both by auc-
ton and privately.
Well Attended Auction Sales.
An encouraging sign Of the times
was the large attendance at all tho
auction sales that had been announced.
1t is true that the bidding at some OF
these sales was not as spirited as the
auctioneers could have wished, but the
fact OF large attendance was encourage
ing.
1t showed that there are plenty Of
people Interested in the sale of Rich
mond realty. The fact that in all cases
the eager attendants upon auction sales
were not eager bidders on the prop
erty offered would seem to indicate
that the market Is we'll looked after
by bargain hunters.
Buyers and Sellers Apart.
This would seem to. prove the theory
of an agent. who yesterday unboson1ed
himself to The Times-Dispatch man.
He said: THE trouble with us now ia
that tho agents have to contend with
two antagonistic fanths Investora
have somehow acquired an idea that
there was to be a slump In real estate
in this city. They have had that idea
ever since last fall. and having once set
their minds that way they still insist
that 1t must come. The slump has not
come, and 1t Isn't going to come, but
they think SO. and Notwithstanding
the fact that real bargains are put I'M
der their noses every day, they won't
buy because to do so would be to con-
Tess that they We're bad prophets when
they predicted a slump in Richmond
realty.
On the other hand you might as we'll
spend your time singing hymns to a
dead horse as to talk about a slump 20
holders of Richmond realty. Not
one OF them, who was not forced ia
sell, and but few of them are. has ever
weakened cent in their ideas of the
good value OF Richmond dirt. and they
are right. What's the result? 1t Is
SIMPLY this: with the slump prophets
on the one side trying to force a fui-
filment of their predictions and the
hard faith-holders on the other, avow-
ing the fallacy of that idea, the real
estate agent cannot get buyer ana
seller anywhere near compromfse
ground"
This condition OF affairs. as ex-
planned by the agent, applies only 10
city property. and In no way has refer
ence to suburban lots. Beyond the
city limits. In the suburbs of Gintor
Park. Highland Park. Barton Heights.
Brooi<land Chestnut HILL and elsewhere
along the trolley lines demand for
home lots was never more active. and
1t is doubtful II sales Were ever more
numerous.
Active Auction Sales.
One of the best attended auction
sales Richmond has known for long
time took place last Thursday It was
conducted Jointly by ]. Thompson
Brown 6, Co., E. A. Catlin and crutch-
field & Burnley. The property involved
was that of the McDonough estate.
The crowd was unusually large-said
by some to have been the largest gath
ering ever seen at an auction sale In
this city. Among the properties sold
was the old McDonough warehouse. on
Eighteenth Street. which was bought
by H, S. Wallerstein and Charles z.
Strause for S7,45o. These gentlemen
refuse TO say how they propose to use
their investment. but there is rumor
that the partially burned buildings
now on the property may be torn down
and several brick storerooms erected
thereon.
Other Lively Sales.
The three-story brick store on Sew
enteenth Street, belonging to the same
estate, was knocked out to Mike Kelly
for S4,l50. The two-story brick dwell
Ing No 1914 East Broad Street was
bought by G, w. Glass for S2,SS5, and
a lot on Buchanan Street was Knocked
out to d, s. p. Gordon for 1910,
Among some of the good sales made
during the week was the residence No
1plo Park Avenue, which was sold by
W, G, Blanton to Mrs, n. e, Flournoy
for $3.50. Mr.. Blanton also sold a
number of houses on Nenable Street
to Mr.. p. II. McClaire, who bought az
an investment
The A. ]. Chewing Company repors
the following sales during the week.
Property at the southwest corner Of
Seventh and Cary Streets, for s5,16o;
No. 1104 West Leigh Street, for sl,Sooi
Nos. 201s and ao1s West Leigh Street
for ST, 400. Nos. 2lO and e13 East Durnl
street. FOR sl,S75, No, 1901 West Moore
street, for S2,s00; No, 6o5 South Pine
Street, for $1,000. and also several va.
cant lots III various parts of the City
Among other sales made BY Messrsa
j. Thompson Brown 4 Company was
a lot on North Fourth Street to Q, O.
Kelly for sll00, also lot on West
Main Street. near the Home Place, "a
f. III, Frank for SIS per foot. This