The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-23
REAL ESTATE AND
BUILDING news.
The Loos ening, Up in the
Money Market Scatters
Brig fltness All Around.
ACTIVIT \ ]ll<CITY
AND in SUBURBS
Rainy Weather Is No Damper
When Money Is Plentiful.
Good Sales Of Business Prop
erty Are Recorded-sub-
urbs Unusually Active.
Many Deals Closed.

1t Is not often that real estate men
consider rainy week a good one for
business or in any way encouraging,
but the past week was an exception TO
the rule that prevails in Richmond,
where between the high centre OF the
way OF doing business right on tho
ground instead OF In q modern real
estate exchange. a downpour OF rain
any day In the week is calculated to
put real damper on business for the
whole period Of six days. Notwith-
standing three and half days OF bad
weather there was good business. un-.
usually good, and all Of the agents
have become optimists--that. is. nearly
all OF them. In the real estate bust
ness. as in any other branch Of trade.
or any other walk OF life. there are
+pessimists and crokers-men who are
always looking for dark cloud some
where between the high center OF the
heavens and the horizon, and to them
the nerest shadow looks mighty dark.
nut even these saw but little in the
elements last week to justify pessi-
mism.
1t Is true that the transactions really
closed and finally wound up did not
require all the figures in the multiple
cation table in order TO be counted up.
but business was good = nthe main
some most satisfactory sales being
made bott, IN the city and the suburbs,
and also In the matter OF farm lands
near the city, and general breeze Oh
optimism was noticeable.
Money Ii Much Easier.
Perhaps this was very largely due TO
the loosening up of the money market
Ii is no secret that the leading banks
have given the real estate investors
and the home buyers an mixing that
money is now more plentiful than II
was few weeks ago. and that good
real estate paper can be handled with,
J out any trouble.
1t is agreed ION all sides that the
week just closed witnessed more ac-
tive inquiry for all classes. of realty
Than has been snoticeab Bile for at leas,
two months past. This inquiry Is not
confined to any particular locality or
tc any particular class OF buyers.
Among the inquirers were men In
search of business sites, home makers.
investors, spectators. suburban inves-
tigators and farm buyers.
An evidence, and a mighty healthful
evidence, OF the improved feeling Is the
fact that notwithstanding bad weather
every piece OF property that was offered
during the week at auction found
buyer, and not single piece OF Rich'
mond or suburban dirt that went un-
der the hammer was taken In after q g
auctioneer had gotten through with his
singsong lecture on the same. This
fact is regarded by agents and holders
OF property a very encouraging sign.
virSinia Farms in Demand.
Another very encouraging as we'll as
Z interesting sign Of the times Is the In
creased inquiry for farm lands In that
part of Virginia that is convenient to
the Richmond markets. Further en-
courag cement is found In the fact that
this inquiry resulted last week In a
number of good sales. Rufus ]. Gray.
OF the Wiles Land Company. made some
handsome sales Of farms. Four farms
In Hanover brought him $4,000. and
another one In the same county, much
larger than either OF the others. and
more conveniently situated, brought
$1,000. A farm he sold near Glen Al
len, in Henrlco county, brought $4,000,
and another Henrico property sold by
Mr.. Gray brought $4,000. making his
sales for the week foot up $4,000. He
has been working on these sales for
several weeks, probably several months
but they were finally contaminated last
out-of-State people, who have come to
the old Commonwealth ITO take pot
luck with /us." Three OF the buyers
are from the blizza rd -cursed West.
Richcson & Crutchfleld also sold a
ffty-acre farm in Louisa county, and
a Westerner was the buyer. Amos &
PoindeXter also report the sale OF two
nice little farms near to Richmond.
Cassellman s Co. report active inquiry
for farm lands and several good sales
made during the week. and twice as
many more probable sales put on the
string that are liable sto be consum-
mated this week or maybe next week..
Good Business lii Town
Within the city&limits business was
very good. Henry S. Wallerstetn, a
man who knows a good thing In real
estate when he sees It. was quite a
large buyer the past week. He is
man who talks but little and does not
always tell wha is going on but yes
terday he was pumped by the man OF
news, and in one way and another he
! let out the following facts: He bought
4 property at Fourteenth and franklin
N streets, consisting OF two st torres, which
property has been held by one estate
Tor the past forty-hve years. Mr.. Wall
y lersteln proposes to improve this prop
4 erty and hold it for revenue, He also
z bought two plots of vacant property on
4 Roseneath Road. near Leonard and
Park Avenues, in the Battle Abbey Sec
, tion. He also bought three pieces OF
porperty on ] jefferson Street, between
Broad and Marshall Streets. It-is pro-
: posed by him to pull down the buildings
now on this property and erect three
3 handsome stores.
All Over the City.
Blanton & Co.. sold q good piece OF
4 business property on Church Hill, now
+ occupied BY one of the branch banks,
for which he got SIT, OO0.& The spur-
i chaser. whose name 8 withheld, Is an
i investor and will max no changes in
the property. This firm also sold con-
sidera BILE West End property and
81 A0,0 900 worth OF suburban dirt.s run-
lcontnusds On Second Page,l