The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-04-23
RAIN INTERPRETERS
WITH BUSINESS
Bad Weather Puts Damper on
Transactions in Surbaban
Realty.
DEEDS IN WESTBROOK
DEAL PUT TO RECORU3
Prevailing High Cost of Living
Has No Effect on Market in
Richmond, 1t is
Said. 81


transactions the past week, especially
'Hs regards sururpgn properly. II mEN
as regards suburban property. In
many instances. the first part OF t1s0s
week, prospective buyers were pre-
vented by the weather from looking
over the situation. Sales Of city lots
were about normal, but none were az
particularly large size. A report gain
ed currency during the week that OmNs
of the corner pieces of property ~
Seventh and Broad streets had beeu
purchased by agents for the Richmond
and Henrico railway for 100000. but
the report soon fell nat. II Ia knooeMY
however. that this road is looking aho1ta
for site for general Offices, al wo1k
az for q power plant. and consummA@
ton of deal in this connection III!
expected shortly. Option on seveGn4s
sites has been secured, It LIS Batds An4S
it is likely that one of them VIII bea
chosen.
A deed recorded in the Henrfco
County Court late Friday afternoon
disclosed the fact that Jonathan Bryaus
acting for his brother. John Stewart
Bryan. paid $3.50 for twenty Acxem
of the Westbrook homestead track re-
Gently purchased from George = NH
Ter. of New York. Another deed Show
ed that Mr.. Miller has sold thirty-s6v1m
additional acres Of the tract to Mr..
James L. Sloane and others Tor $lhsO0ts
Divide Tract Into Lots-
This entire tract of 163 acres WA1
purchased by Mr.. Miller some weeks
ago from Mrs. Minnie E. Young Tor
sST.5oo. Mr.. Mttier announces that ~
will divide the remainder OF the kraG3a
into lots, which he will put on the
market at an early date. He says ~
will select either the name OF GintAEf
Gardens or Jefferson Gardens for the
af.-s. DC, Had p1 nm y III
mirably located residential piecs *
property.
The realty firm OF Elam s. Funstan
has acted as agent for the New TOrkeE8
IN his transactions 5TST Ts g;
EIarn q Funston report SOME Ae-rss
tfvity In the sale OF lots IN Gante1.
Park, and plans for several hoaneas
in this suburban section were dxAMM
during the week.
Despite inclement weather Cond1s
tons. Golsan & Nash report the anteg
Of eight lots In Westhampton. axxrOr
eating $14,500. In Manchester this
firm executed sales amounting 10 t11.~
goo. while in the city proper Their
sales aggregated $3.50.
Amos & Poindexter report SONS
activity In farm lands. but only one
sale In this line is reported. Th&ts
Is farm OF fifteen acres tive miles
out on the Broad Street road. which
passed from Mark r. Thompson ~
NJ. Mannoni for the sum of $3.o0n
This tract, 1t Is understood. wiz No.
used for camping purposes during TIN
approaching summer. Tho property
was purchased as an investment, Il n N
stated. n
Developing small Tracsa.
There Is q tendency. dealers In thu
kind OF property say, toward the de-
yelopment of small tracts In suburbAm3
sections, the tracts consisting OF troM
1--WE to ten acres which serve a. smAISss
truck farms and at the same time
provide an ideal site for nice sunurs
ban homea
Bianton d Co. report tho transae
tien OF something like $4,000 WORM
of business. mostly In West INT
homes and lots. Few OF the dea1
have been formally closed, howevaxsS
and on that account they cannot hoS
made public until the lapse Of q Tow
days.
Other dealers reporr q number ofs \
transactions that are yet to receiv@ 4
the final seal,
Real estate men say that the pr.
vailing high cost OF living has HAD aua u
parently little effect on the market ta#
Richmond. although reports fx0nS 81
other sections OF the country indicaf1 b
that high price OF commodities ~
caused . material slump In tho realty
line &
Raise Thslr Own Eatables. IS
"As u matter of fact" said Rfon~
mend real estate man Saturday n III n N \;
prices have rather tended to help ni,1s
special line OF business, even th0u9jR n
such a statement may seem iIrpiauS1s 4
bic. Owing to high prices. many p9i
SONS. especially those OF limited me&z
and moderate salaries, are buYtu
homea I'm suburban territory With SUM- u
cient land for garden purposes, ID
Another realty man also agreed th
high prices had little to do With
property situation In Richmond. b&< 8
he said that speculation IN stoclS 4 VI
which many Richmonders indulge. ux5f8
'ect the realty business considerab1yt
Spend Money on MaruinA
II find q good many men" NJ 6n&
that would be glad to buy Z IT.
II property as an investments but
the fact that all their extra cash &
IN covering margins On t&9o
II
just at present there are pAid to
few vacant houneoa IN
and In sections WhorN r
can't signs are conspicuous u 904
axtent the tenants have moved rn0
10 the West End. where they -
,ccupins homes Of their own n
Brooklyn man, In town the other
upon the few vacant hr1x1
he had noted about Richmond, an1
speaking along this line said tAoA
sant homes I'm Brooklyn a. thin
viii accommodates fully 11A00o l
sons. N y
Village o. Ren61ny.
The village OF Bensieys ~ ~
implies. Is d village and. not
Df city lots on the outakt9ta G IS
lily. For years thera has keeo
sire ON the part Of many pegu
iaEad iii business III xh6 ~
small place In the Countx
hey might spend their urno I'll
md quiet. which only ~
.ords after the dnyss II 81
ptncs the Rtchne ~