The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-03
Scattered Activity, but
Activity All the Same,
Young Blood to Fore.
AGENTS RETICENT,
BUT NEWS GETS OUT
Good Weeks Business Done on
the Quiet-Many Big Trans
actions Yet Unsettled, but
Will Come to Book in Due
Time-Much Activity
in Suburbs.

There has been not little activity
in real estate circles the past week.
but this activity is in u way rather
scattered. Some agents report very
dull business so far as actually closed
trades are concerned. Others report
good business In actual sales, ma
Jority OF which are n-reportable"
as 10 details, and yet Others report all
kinds OF activity so far as inquiry
and the Hanging on the string" OF
future big deals are calculated TO
make up active business.
1t 10 noticeable that the younger
men in the real estate business are
the most optimistic. Some of the
older dealers express Themselves as
being fearful that the young fellows
are overriding the market and are
pressing speculation too vigorously.
The old dodgers predict all kinds of
disasters for the young hustlers and
their customers but UP to the hour
of going to press neither the young
hustlers or their customers have ,aken
on any fright, but they just keep on
hustllng, and It may be that they are
setting a pace that the old-tlrners viii
In time, and very near time trot up
TO. The older fellows are trying very
hard TO be over-conservative, but they
know thing or two, and IN due time
they Will come down to business.
Dis Doings ON Eighth Street.
Now, by way OF illustration: When
Eighth Street, between Main and
Franklin and between Franklin and
Grace and on up TO Broad commenced
TO build up with two and three-story
business houses some of the old
fogies said that was a bad business
investment, but all the same those
houses are getting filled up with pay
ing tenants as fast as they are being
completed and there is we'll au-
thenticated rumor aflcat that some
thing like a whole block of these
houses have been sold at a protit to
the builder. even before they were
completed, and that the purchasers
are investors pure and simple who
know good thing when they see it,
That such deal has been made there
is something like absolute certainty,
but because there mas been spring
like laziness in recording the deeds,
the transactions that have really been
made, involving more than hundred
thousand dollars, cannot be told about
in detail Just now.
Points Tint Leaked Out.
Several of the more active among
the real estate agents report some
good sales of central city property
consisting of business and residential
sites and locations that foot up big
dollars, but they are reticent, or a.
least they were very reticent wher
particulars were asked. However, 4
has leaked out that Pollard 6: Bagb,
during the past week sold 100 feet o
vacant ground on West Broad Street
between Shafer and Harrison Streets
the property known as the Murph,
coal yards, for $4,000. While TIL
name Of the purchaser was kept
secret, the Pollard agency let slip tn
Information that an investor bough
it, and that he had no idea o
doing moro than to hold II a
an investment From other source
that have not SO much OF al
oyster shell month. come, the infor
nation that II. S. Wallerstein was TIL
purchaser. Another interesting dea
was the sale by the same firm OF
.hirty-four foot Broad Street lot i
the same ncighborhood for $4,000.
Moving to Richmond.
Another interesting sale OF tn
week was made by ]. Thompson Brow
& Co They sold a considerable propert!
measuring from three to four acres
and Broad Street. and right on tn
railway side track lines.
Brown & Co. were very reticer
when questioned about this deal, b,
all the same the man of news learne
that the purchasers are big mani
facturers who have been operating
a smaller Virginia town, and propo:
TO move their plant TO Richmond II
the purpose of, expanding. II is sa
that this big manufacturing flrnl thu
could not find all they wanted In :
small a town as Hampton had bee
looking for weeks and months +
larger facilities. They tried Norfo
and Petersburg and Manchester al
certain parts of Richmond. and final
hit the location above indicated. I'll
work of erecting houses for the ne
plant will begin at once, and in lie
than two months the big enterpri
will be In full blast and not less thf
700 operatives will be getting a pl
at a weekly pay roll.
That firm of ]. Thompson Brown
Co. has another big concern, like t
above mentioned. on the string, al
the probability is that they will ha'
1t doing business in Richmond or We
close by within the next few weeks.
The Actual Sales.
The sales OF property in and abo
Richmsild duXing the past week, cour
ing all that We're actually made a.
those that were practically made, a
gregate about s255,0oo. It is possih
indeed likely. that more than a four
Of these sales were made In
suburbs around Richmond, su
suburbs as record their deeds Of ba
gain and sale In the courts of Ric
rond and Henrico. This estimate dc
not include the deeds that have
60 to record across the river In
Manchester City Courthouse and I
Chesterfield County Courthouse.
If these, which take in Harrowga
Bensley, Woodland Heights and FL
est Hill, Were added to the reco
the total would foot up much me
largely, probably as much as rs !
cent, more, for be it understood tt
the up to-date suburbs above nam
especially Harrowgate. the village