The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-04
Weeks DEMAND
WAS NO RMAL
AND HEALTHY
Real Estate Transactions Not
Heavy but Condi-
tons Good
PLEA FOR HOMES
FOR COLORED RACE
M. Leroy Brown Tells of
Great Field for Profitable
investment in Filling
Colored Demand

Real estate sales We're not So ciiXe
this week as for some time past, but
there was still healthy ana normal
demand
Some OF the newer firms in the
business report that they have begun
to cash in" on theit first commits
sions. and at least one of such firms
il driving two large deals through 70
close quarters.
-he feature OF the week fror a
n, ancial standpoint WAS. of course,
me successful organization OF the
Eank OF Savings and Trust, hereto
fore reported in these columns. This
institution promises well from the
start and, with SO much good com
pan5 as Ia furnished by Richmond
conservattvely managed, sanely, pro-
gressive, financial Institutions, there
is no reason why the new banking in
stitution should not take high place.
One of the best known OF Rich
mond's bank cashiers said yesterday
that his institution had more money
loaned out than ever before in the
long history Of the institution. AS an
indication both of business activity.
evidenced by the demand for money,
and OF the banks ability TO supply
the demand. the large volumes OF
loans speaks we'll for the business
situation. The banks OF Richmond
show Increased ciearances while the
average for the country shows net
decrease.
Few Sales Reported
Few actual figures were given out
yesterday when the various real es-
tate men of the city were interviewer
as to deals actually closed.
W. E. Purcell, Jr., & Co, reported
| the sale Of two Northside properties
/ at $500, and a $500 West End home
| This firm also closed out 100 feet
| front on West Main street unimproved
| property. at $1,000.
| Amos Poindexter reported to-
| tai transactions closed to the exten.
OF 10000 as their weeks contribu
ton 10 the good OF the real estate
Cause. This includes some West
| broa1 and business property.
| Messrs. Green & Redd were yer,
much enthused over Virginia Place
They have several recent purchaser,
who will begin erection Of homes IL
/ short time, and they are pleased
with the prospects from theh Park
to-PaTk Boulevard proposition TIL,
Virginia Place very considerably.
Waller & Berkeley. recent acces
sions to the trade, report several sale.
closed in recent days.
Colored Property Needed.
The best deld In Richmond to-da,
for profitable investment" said Mr.
Leroy Brown. OF J. Thompson. Brown
& Company. sis for people with CAPT
tai to build decent houses for de
cent colored people
TT Is an absolute shame" con
tinued Mr.. Brown. that when ",
have applications from our respec
table negroes. who are among tn
best OF their race in the world. ",
are compelled TO offer them some ram
'ahackle structure or location In SOM
questionable alley. Many OF them ar
able and willing to pay for respec
table quarters and they are entitle
to them. The colored population
growing in numbers. character an,
financial ability. and steps should b.
taken to supply the demand for home
Cor them. There is no better o
safer Held for investment than sucl
property"
Mr.. Browns eloquent and business
like plea for respectable homes 10
the respectable colored people OF TIL
sound common sense and common
there Is q large population Of thrifty
respectable, educated negroes who's
living needs are not properly provide
for in Richmond.
The A. J. Chewing Company re
ported transactions aggregating thir
ty Thousand dollars for the week.
Other agencies reported larg
number OF small transactions.