The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-30
INVESTORS ARE
TAKING NOTICE
Much Inquiry for Business Prop
erty and Factory Sites-Capi-
talists Coming Forward to
Meet Demand for Cheaper
Tenements-Deal on
Shockoe Slip.

the real estate conditions and the real
estate market, and a good deal would
be said and printed, too, If the man
of news had any way of prizing omen
the mouths of the real estate agents
who are not away having little vaca-
ton, but are lingering in their Offices
to look after the odds and ends of
the midsummer dullness: but there In
no way to make them talk unless thew
have something very large to report
There being but little OF that kind OF
Availability as DR.. Van Dyke would
call real good talking, on tap the past
week, there Is but little for the truth
full man of news to report. or course.
ne could discourse to several columne'
length on the probabilities and the
possibilities, and have good grounds
upon which to base his optimistic dis
course and his fine-spun prophecies:
but what tho reader wants is fact. and
not theory or speculative hot air
Encouraging Outlook
Allowing all possible and all specula-
tive discount for hot air talk, IL ia safe
TO say that the real estate situation
was perhaps never more encouraging
IN midsummer season than 1t is right
ging to the real estate
man who is looking for big commits
sions In the early fall. encouraging to
the Spectator and plunger who have
invested with the view OF turning a
GOOD profit when the autumn activity
assumes shape. encouraging to the man
who owns a little too much property
and needs ready cash or will need tt
In the early fall more than he does
richmond dirt, encouraging to tho
nome maker who sees in the immense
| suburban development chances to buy
home lots at much less money than
VIII be required OF him within the old
city lines and yet within reach Of
trolley line development and extensions
which put him In quick touch with the
business centre of the city, and finally
encouraging to the holder of business
! site property. who can but view with
admiration the active demand and the
constant inquiry of manufacturers and
industrial plungers for factory and
store and warehouse sites of various
and sundry kinds.
Investors Taking Notice.
From the information can eather
from the close-mouthed agents remain
Ing in town,I learn that there is yery
active inquiry for business property
anywhere in the city and especially
including that part OF 1t now known
as South Richmond; for West End res
idential property and for suburban res
dental property But most of the
capitalists and other people who are
making these inquiries seem to be
seeking Information to be worked upon
In the early fall. and not a few OF
them are taking options that Will give
| them until the fall months to decide
upon final action and final Investments.
one real estate man. speaking of this
feature OF the business. said that 10
him the intensely interesting feature
about II is that he can recognize in
the inquirers men who are not talking
ana making inquiries Just for fun. but
| are men who mean business. and In the
main are not spectators or pluneers.
but permanent investors.
Cheap Homes for Renters
another real estate man talked with
me anout another very interesting fea-
ture OF the midsummer business. He
said that capitalists are inquirine for
vacant property all over the city, some
or which-indeed, much of ft-hayine
oeen very long vacant. and they are
buying 1t. too. for the purpose of build
Ing cottages and small homes to big
rented to working people. This agent
says this kind OF business is not con-
hned TO any section OF the city. and he
assured me that the bulh OF the real
! estate sales of the past week were of
this character. Yes" he continued.
at last the men OF means have walked
/ up 10 the fact that Richmond is grow
lhg' more workmen are being called
here every day. and they need and re-
quire homes for their families. think
/ u is good sign OF the times that can
| italists are buying vacant property ana
building on 1t homes for working men
MONIES that can be rented cheap. saw
all the way from SIS to sis per month.
! II Richmond had more OF such cottages
ana small homes for rent there would
De less wailing about the scarcity az
! labor So spoke this man OF the reaI
, estate persuasion. and guess he knows
pretty well what he was talking about.
sales, Trades and swaps.
ihere were many sales the past
week very many. but as outlined
apove they were mostly on the small
| order. and II is to be doubted ff tina
total OF reportable sales amounted to
more than 100000. There were, az
course, lot OF deals and swaps and
trades that would run the amount up
/ very much higher I have heard OF
several such, but deals and swans ana
trades or one piece of property for
! sibly little boot" paid here and Il
there. ought not to count always as
real estate transactions. IL they did
the total sales OF Richmond. oven In
a dull week could be run up into thu
million dollar column without any
trouble at all.
Cnffce Roaster's Purchase
The largest deal / have been able
to locate for the past week was sale
made by r. S. Wallerstein to mn I'M,
named buyer Several months ago Mr..
Wailerstein bought the property on
Thirteenth Street. or mors property \
speaking. on shockoe slip witch IA 4
old times, about thirty yaass ago waa
Continued On Second ,PfsSs.y z