The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-11-12
Men Afraid of Stock and
Bond Markets Have
Faith in Realty.
GREAT RICHMOND
SOLID AS A BRICK
Bad Weather Makes Compare.
lively Dull Week-However,
Several Large Deals Were
Pulled OR-Decided Activ-
ity in Northwest Sec
ton Of City.

The lack OF tone In the stock mar
Sets: the failure or the public to be-
como Interested In stocks as either
investments or for speculative profits.
even at their low records: the ease IF
money in tho financial centres of the
country-thcse all forcshadow a con-
tinuance OF the recent large Invest
mcnts in real estate all over tho
country.
Even in the city OF New York. where
public sentiment is speedily and
powerfully affected by the optimism
or the pessimism OF Wall Street. the
doubt. the uncertainty. the gloom u
that district has utterly failed 70 de-
press prices n real estate in either
anhattan or the other boroughs u
tho greater city.
Properties go under the hammer
weekly in that city through the set
Element OF estates or operation Of other
causes. and even when values go into
the hundreds OF thousands or the mil
lions OF dollars. there is brisk COM
potion at evcr-incrcasing prices.
When this IL the situation In New
York City, and II Is thus clearly
demonstrated that realty investments
arc esteemed more highly than those
offered By tho stock and securities
markets in the very centre OF finance.
II is excellent evidence thai purchases
or realty In other cities and through
out the n at large are and like
W viii be for some years TO come a
savorttc form OF investment BY the peo-
pic.
Here In Greater RIchmond.
IL Is the same way In Richmond, has
been for some time, and will probably
continue TO be. For FIVE years past
there have been possimists who have
been saying real estate Is too high
and tho bottom Is bound to drop out
and let somebody fall down hard. but the
bottom keeps intact. persistently re-
ius'ns to drop out. and no investors
In Richmond realty have yet fallen
down hard. not even soft. They have
not fallen at all.
During the past week, however. the
real estate agents were very much
handicapped b. four days OF RAINY
weather. but in this city. where in
the absence of II real estate exchange.
weather always affects the bus.
mess. tho agents sometimes welcome
y rainy day. Many of them were glad
TO sec the rain last week and took
advantage of the consequent dullness
10 close up and settle sales that had
already been made. thus clearing up
necks and getting ready for future
activities out OF doors.
Out to Virginia Place.
In spite Of bad weather, however.
y good deal OF new business was com.
pleted n a number OF sales made.
inc activity etween showers extended
out to the suburbs. and it is learned
that there was something doing, In
virginia Place. This property has
been on the market just three weeks.
and the agents have disposed of $50, 600
worth OF lots in that short time. This
snciudes ten lots which were sold on
Friday last to one man.
All OF the lots fronting on Hermit
,age itoaa have been taken by G
Shose fronting on Laburnum Avenue
nave also been bought UP. Equally as
many Of the Inside lots ave found
purchasers most gratifying fea-
.ure OF THIS business. gratifying to the
company, is that a half a dozen Of the
purchasers have signined their intcn-
lion to build right away homes for
their own occupancy. Green q Redd
still hold open their proposition 10
loan as much as 500, 900 TO BUYERS
with which to help bIild their homes
In Virginia Place.
In Northwest Sections.
IL is asserted that last week there
was much more activity in the north
western section of the city than any
imimmeTe else within the corporation
may be due to II is hard TO guess. IL
may be the result of the location of
me numerous manufacturing plants
tbst nave commenced operations in
patton that have been mentioned
oh tiine 70 time In this column, such
as tne Kline Kar Works. on the
for which ground was broken Ias,
week. or 1t may be due in some meas
ure to the agitation looking to the
s sparh TO PARK of much sIysr d talked Of
all Of these things hatS.had effect. suut
DC that as 1T may, the fact remains
mat Il great deal of property in that
section mas oeen changing hands dur
concern. J. Thompson Brown & Co.
reports the sale of seventy to eighty
lots IN that rapidly, improving section.
which aggregated somewhere hetween
100000 and $4,000.
Many Buyers; Some Builders.
Among the heavy buyers in this
Frank 3. Sydnor. who acquired from
Winfield Scott two entire blocks OF
thirty or more lots. situated on Leigh,
mmooro n Henrico Streets; c. r.
from the Hoyt estate one entire Boule-
gard block; Arthur Levy and Charles
etraus. Jr., who bought two blocks Of
same estate. George w. Ludnam, Mrs.
Annette Cowardin, r. II. Forham and
10y Burnett also purchased from
tnree 70 five lots each. 1t is said that
-FOUR of these purchasers contemplate
building Immediately homes for their
own occupancy. Tho Indications are
ina the time Is not far distant when
TINS section Will be pretty thickly
settled up by home-makers. The
agents say; however. with a wink of
the other eye. that 1t need not be
inferred from last weeks activity that
all OF the bargains have been taken.
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