The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-12
Williams & Cease Virtually
Close Deal Guaranteeing
its Erection
DETAILS OF LOCATION
NOT YET MADE KNOWN
Splendid Line Of Inquiries for
City Real Estate Gives
Promise Of Big Fall
Trade

Notwithstanding the fact that h
song Of the hot weather bug Is heard
III the LAM and many " k~Ichrnond's
business people have taken to the
woods. mountains. and s~eashore, on
their vacations, the past week has
not been without its teatures, souie
OF .the hrsc Importance, In real es-
tate and Industrial circles.
Perhaps the most interesting as
well as this most important transact
ton Of thu week. which has been vir-
tIally contaminated. is tha closing Dt
a-rrauEH1=nts fer another big busi~
ness building In the heart Of the city.
The structure IL TO cost $t5o.000 and
the deal has been engineered by the
peal estate firm Of Williams and
cease. The architect Is putting on
the finishing touches and II Is under
STOOD that the details VIII be ready
Ter publication early next week.
AiesAFs. Williams and Cease. were 10
willing to give oHt further tntorTnEa-
ton yesterday en- the subject hut
seemed Absolutely certain that the
building would 90 up.
Inquiries Numerous.
mother and very significant feature
Of Jne week has been the large mum
her II inquiries Ter all classes ST
property, modern. neGiun-cost sub
urban homes, probably leading the
list. although there are some invest
nleut bayeTs making the round snap
hunting.
The tendency Of people OF large
means t. invest their surplus funds
III good business property In the heart
OF the elty is causing "a steady de-
nand for such holdings and nothing
u That character, GA which any con
ceasIeh at all is made, long remains
On thu market. There is u great deal
of' quleF negotiating ia progress Just
ROW along these lines.
A Fine Rental Week.
several Of the real estate people said
Yesterday that their rental business
4 Vv9H especially good during the
week, showing Il very healthy home
demand. Dwellings III the reach OF
the ma Of average income were es-
peclally sought after. N-otwtthstan1-
ing the energetic and. perchance, self
sacrificing efforts Of RichmondPs noble
array OF l2t-salesnlea. the city has d
large population VI payers We,
WHO t3tya To be housed. The hand
2 81 rents constitutes Fl large and
lucrative branch OF the traGA~, although
there art no real estate men To. lac
! L9p1st Via. ~ .&S~@&S&4ae To SlEn a quit
claim To all future rental profits from
a customer Oh condition that he make
n %ts2d~ punch uf money aa. COM
IflssiAA on a sale. on the principle oi
course that & hundred or more .ss-
~n1oleons' IN the hand are worth any
quantity OF rental commissions in the
bush.
New Firms Very Busy.
Nearly ali of the real estate pea-
Pie expressed the opinion that bust
ness hsd been quiet during the week
~@llhough they had made a humble
otAsmail sales. Perhaps the busiest
firm during the week was J. Thomp-
son Brown and Company. who had
closed oct $4,000 worth Of property
pretty Well scattered ever the city. in
Guiding Il su1al business property or
West Broad street. They. however
expected to increase their total trans
actions to $4,000 before the close o
The week.
The ". Il. Purcell. Jr.. Company re-
ported sales aggregating $4,000.
The Abbey Realty Company, which
has lone 4 large business i'll Colonia
ilace lots, reported trade satisfa etdr1
and prospects good for future sales,
The Mct1ure-D aVenport-Tayio Co.
reported that their business was un-
usually active for the time Of year.
Golsan and Nash report the sales o
FIVE lots ON College Terrace, three
others in the Northampton section
and two pieces Of acreage in West
ham. oue of foGr and one-haif ane
N"& @S'FNt y FNf ttt4NH- AASy r.
port the best August BUSINESS In then
experience.
Prospects Fine For Fall.
On every hand it is generally con
eeded that Richmond win enjoy {
splendid fan business along real es,
tate and Industrial lines, The city,
great 5. Expansion allrIns tbs PRS.
twelve-month has advertised 1t as /
has never before been advertised. Iii
splendid growth has compelled tn,
admiration of the country at large
and the magnificent opportunities foi
development along nearly every legit,
innate business line indicate tina
many will seek the city during tn,
next year