The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-03
REAL ESTATE AND
BUILDING news
Midsummer Dublin ess,
butNotSo Awfully Dull
asMight Be Expected.
PLANTERS BANK
+ GETS In LIMELIGHT
Big Deal Involving Industrial De-
velopment An Automobile
Factory May Be Coming to
Greater Richnond-Local
Real Estate Men at Get
tysburg.

The activity in real estate circles
for the past week was confined very
largely to the rental agents. Notices
and counter-notces have been given,
and the rent signs that are on the
houses throughout the city and in the
suburbs arc too numerous to mention.
A yellow or white card bearing a
For Rent sign nailed UP on the side
OF the house does not always mean
that the tenant Is going to vacate or
that the house is really for rent.
Oftener than otherwise It simply
means that the tenant and the rental
agent or the owner. as the case may
be. are "sparring for points, as the
special artists who report prize-fghts
would express It. The tenant always
premises for less money the coming
year than he paid the past year, and
the agent or the owi.er invariably
thinks the rent ought to be advanced.
So both give the legal notice. which
simply leaves both sides on negotiating
grounds for while. say from sixty
to ninety days. That, in tho main.
is the meaning OF rent signs. and while
they are posted the rental agent is
on the lookout, and in a way is kept
pretty busy. For the past week they
have been mighty busy negotiating.
etc.
big Deal That Counts.
Otherwise the real estate business
was rather dull. Including suburban
transactions. the sales for the past
week did not run much. IL any, over
100000. However. big deal which
involves not a little of real estate.
came TO a final head during the week,
although 1t could hardly be added to
tho amount named above as part
of the weeks transactions. because OF
the fact that 1t has been on the string
for some tine and was really consum-
mated several weeks ago.
All OF the interested parties are
reticent. but somehow facts viii oc-
casionally leak out, and here they
are as they got through the hole in
the wall": The Lancaster Automatic
Railway Company bought out the
Richmond Iron Works and all of their
real estate located on the Boulevard.
near the State Fair Grounds, the con-
sideration being $4,000. large pro-
portion of which went for the real
estate holdings. 1t is rumored that
Mccurdy & Johnson. well known real
estate frm. put the deal through. tt
is also rumored that this deal viii re-
suit in the merging OF the two con-
Germs under the firm name Of 1.-The
Richmond Iron Works Corporation" a
concern that has command OF ample
capital to make itself felt In the COM
mercial and manufacturing ciscles OF
Greater Richmond. 1t is yet secret,
but nevertheless fact, that the com
pany not only purposes to manufac-
ture the goods heretofore marketed
hv hs fun
come one, but in addition they Will
become automobile manufacturers. The
fact is that this purpose has SO far
materialiZed that the name OF the
motor car proposed to be made here
and put on the market has been named
THE Greater Richmond" and good
enough name 1t Is.
Planters Bank Buys Property.
The next biggest deal Of the week
put the Planters National Bank In the
limelight as an investor. The property
1904 East Main Street. owned by the
estate OF the late George w. Ander-
son. and located next door to the bank
building. came on the market For
reasons satisfactory to the board of
directors 1t was deemed advisable for
the bank TO own the property, and so
1t was bought for $4,000 cash. AS
soon as 1t was known on the street
that the Planters National had bought
this adjoining property there were all |
kinds of rumors about skyscrapers and
of the bank building. |
There was little or nothing in the !
rumors. The bank bought merely as
an investment. and there is at present |
no thought Of changing the conditions |
OF the property. Douglas E. Taylor,
real estate agent, engineered this deal, |
More building Lots.
Another transaction OF the week that !
Is of more or less interest was the
purchase of 400 feet of vacant property
on the north side of Hanover Street
between Cleveland and Tilden Streets
the same being at once surveyed and
cut up into building lots to be put on
the market. Amos & Poindexter are
the handlers of this property. It is
understood that it took about S15.oO0J
to put the deal through
The w. Z. Purcell, Jr., Company
turned over some dirt during the past
week. at least SO it is reported IN
GLIDING s1S,5Oo of business property
and house and lot on Addison Street
their sales are said to have footed
up close to $4,000.
N. w. Bowe & Co., Richeson &
Srutchtield, Seldom Taylor & Co., E. a.
9atlin & Co.. and Vaughan & Williams
are among other agents who are re-
ported to have helped not little to
Keep the week from being awful duh,
out the details OF their various trans
'ctlons are- for obvious reasons lack
ng.
What suburbnnites Say.
Activity in the suburbs has suffered
something of midsummer setback:
hat is to say, the agents who handle
ms class of property are resting
little on their oars, The spring sea-
son Is their big time, and when the
luly sun begins to shed its radiance
.hey are satisfied to keep quiet and
watch the work of the builders and
contractors who are erecting homes on
ne lots that We're sold in the sweet
spring time and figure on the better
,rloes they will get for adjoining lots
he next spring.
In this respect the suburban agents
IRE having lot of fun just now. for
ne probability Is that there never was
tcontinued on Sixth Pags,5