The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-26
Activity on Broad Street
andNear By Continues
and Interest Grows.
SOME BIG DEALS:
OTHERS IN SIGHT
Animation Is General, Extending
From East to West and North
to South-Spring Weather
Brings the Suburbs in the
Notwithstanding
Notes.

In the real estate realm activity
continues. 1t is possible that no, as
many dollars changed hands on real
estate deals this week as did during
the previous week, but Il number OF
Dig deals got very close TO the point
OF contamination. and n number Of 9TH
ers that had been hanging on thu.
strings for many days rcuchcd the
closing up stage. Putting the TWO to-
gether the footngs for the week ran
UP 10 very close to 100000
This sum includes ali kinds of opera
lions, and it must be said that some
OF them were speculative but in the
same connection 1t must be rene bcr-
Cd tina, spccuators do not speculate
unless they have something substan-
tia 10 90 uron.
IN old stagcr explained the dongs
OF tho past week in a nutshell, when
he toi dthc man Of news that there
had been rapid firing" all along the
line. said lie: ~ good deal OF prop.
erty has changed hands and many con-
tracts Of purchase have been made for
future delivery" Future delivery Of
deeds, suppose ne meant. Continuing,
This old timer explained that many
deals are hung up in tic air by the
smallest sor, Of margin.
Narrow Margins.
The old timer seems to be correct,
for g Main Street broker told me in
the Strictcst kind Of confidence of
number OF deals that are being kept
on the string by the very narrowest
kind Of a cash margin. For instance.
have been told OF case where 500
separated buyer and seller in an
$500 cash transaction: another one
let $3.50 lie up a $4,000 transaction,
ana s75 prevented The consummation
Of a $500 West End deal
III looks said this man, like the
splitting of hairs, and when a buyer
Grinds seller down to a minimum
price ana then the seller tries TO hedge
on tho agent by curtnilmcnt OF his
commissions, which he has earned af-
ter strenuous effort, 1t generally re-
suits in indifference and the losing of
many a sale which would otherwise
20 through but for the small spirit
displayed by some would be sellers III
hciug unwilling 70 pay fair compcn-
sation 10 an agent bringing about
deal. In ono office alone during tho
past week $4,000 worth or transac-
tons were Knocked In the head ny this
spirit on the part of some owners"
Thus spoke this Disguised agent.
y great deal Of activity has pro-
vailed all along Broad street, extend
ing All tho way ont 10 and beyond
the Boulevard. Most OF this property
is negotiated for b. investors, and IN
not a few instances by actual occu
gcther the market Is encouraging, and
il looks like there will be active and
rushing business from now oil through
The spring months
HS Things the String,
There are many kinds OF ruinorS
about big deals that are likely to come
10 Il head within the next few weeks,
but perhaps 1t were better to let these
rumors matcrialiZc before announcing
them. However, one of them is said
tu.involve something like $4,000 worth
OF acreage out in the western part
OF tho country, tust beyond the city
Emits If this deal goes through, and
the chances are that it will. a new SUI
hurban enterprises Will doubtless spring
The activity continues on Broad
Street. and the large number Of sales
in that region the past week keeps
up the animation, but all of the activity
and all Of the inquiry is not confined
10 Broad Street. l hear that Main
street property somewhere near Tenth
street, has loomed up in the eyes of
dirt with Tie good building thereon
has caught the eye Of investors, in
Ncstors who have caught the sky
that SiO0OO cash has been offered for
property there or Whereabouts. a big
deal IN That ncighborhood may be con-
sumnlatcd this week.
One Flrm's Sales.
Pollard & Bagby sold in one way
and another about 100000 worth OF
we're all the way from Twelfth Street
out west 10 the suburban territory but
mainly in the busy part Of town. Their
ton by which they sold to ". II.
Adams lot of ground on which Mr.
adams already had building on the
ground rental plan. Included in this
Trims big sales is the Pizzini property
in the rear of the Chamber OF Com
merce building. This sale, which
amounted to $4,000, was made to the
First National Ran1< -C'ho
OHIO combination, already noted, and
tho deal means that the Twenty-Five.
story skyscrap per will surely go farther
than the Chamber of Commerce build.
ing.
This firm recorded deeds in addition
TO the above sales that amounted to
4 100000 but these sales have already
some Very big Sales.
J. Thompson Brown & Co report
good business all along the real estate
nnei Dnt % thes were t;e very scarce in the
tells Of sales that ran up into tile
thousands. but when pressed Tor mar
liculars he winkcd his other eye and
Ward II You want TO-" mir. brown
however. did loosen up a bit under
the searching reportorial eye: looscned
up suficiently to say that he had had
building lots in the Hoy and Scott
additions He also reported the sale
Of Cary Street store for $4,000. two
parR N1 1a or fsr $1,000 and
eral other minor transactions that
footed UP something like 100000.
Perhaps the biggest transaction OF
the week was the sale of the Davcn-
port warehouse property for $50, 900,
which has already been reported This
big sale was engineered by Richcson
tlsis conveyed to ;thc Watkins Cottrcll
5 Hardware Company a. very yalua ble