The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-27
INCREASEDVALUE
ON MAIN STREET
Figures for Hanewinckel Build.
ing of Few Years Ago and
Those of To-Day Compared.
Glen Allen Coming Town.
Activity in the
Suburbs. IS

the past week OooooS Seeno w Oo oSAS
TO tell The simple fact Is that 1t mas
been thus. Indeed. IT has been very
dull Comparatively few sales OF
realty were made. and the most OF
them were on the small order. all. In
fact, except the two large sales. one OF
the Hanewickel Building. and the other
of the Cussons Glen Allen property
both Of which have been told about
in the local columns OF yesterday.
These deals were practically made pre-
vious to the past week, and only drop
ped OF the bush in full fruitaSe TWO
days ago.
The sale of the Hanewinckjel Build.
ing, at Ninth and Main Streets, 10
Jonathan Bryan and associates TOE
$25se00 il notable from the TACT tnat
1, gives one an idea OF how property In
the skyscraper section has advanced In
value within the past few years. Less
than ten years ago. John l. Williams
4 Co bought the corner OF nfty-tWc
feet. and the building as 1t then STOOD
on II. for $4,000. II has Changed hanos
twice since then. but at what figures ]
knov not. 1t is true that the build
ing was greatly improved whom 1t was
made into a banking house. and con-
siderable money spent on 1t to MAKE
the street floor suitable for bank pus-
poses, but even including these I'm
Drovements $25s. 900 IL q tremendous al
vance on $4,000 In that length OF time,
and tlsn oesideA the new purchasefs
were hardly considering tho cost OF the
building In tho transaction. xor II u
more than likely that in time tho struc-
ture win be torn down to make room
for another skyscraper. although 10
far an known. no DEFINITE idea looking
10 such Improvement Las yet been
formed
Giea Allen 10 De Some Tewn.
No one outside Of . select few On
the inner circles yet knows who COM
pose the syndicate that has purcnaseo
the Cussons property At Glen Ahen'
eixh. miles from Richmond. but those
NO 40 Know about it DO not hesitate
10 xouchsafe the information that It u
the intention Of the syndicate to pro-
eesd n once to develop the thousand
acres they ara 10 pay $12s.eeo for ana
make an up-to-date model residence
town Of Glen Allen
Yes with the exception Of these two
largo sales business was ratkeF ouli
In the real estate circles last week
one agent explained the matter In this
way. Said he: Very often. especially
IL money II . little tight and II al
VAN II 1t this season In . good crop
wear. real estate buyers will make any
Kind OF an excuse to postpone for
fev DAYS, or even q week or SO. deals
ana trades that they have had hung
on tie string. and in an ordinary tune
would close up In . jtSfy. Now. We
al know that the pending pol1tical
eampaign and the election that 10 20
come OF In ten days have had NO e1-
eeot on business Of any kind. and yet
know Of not less than . dosen real e.
tate deals. some OF them OF Afes
Aimeusions, thss are st1ll hanging on
a.. .trinG In response to TIE demand
On the mart Of Interested parties that
ehsy must wait until afteI the election.
mat. You know, 10 mere subterfuge.
- election has nothing 70 do with H.
More likely IL IL the tightness In the
money market, and 30 when the crops
have been moved and the money that
has been sent out OF the Richmond
banks to help move them begins 10
aow back into tho banks. all these
daals viii b taken out OF the uncer-
tain stage and closed up, and others
If ike importance VIII b set In mo-
don. do not look for lively business
until after the election. and after the
crop-moving money begins to nov
hack. and all Of that will be In about
two weeks, certainly not later than
ehree weeks" Thus spoke . well In
formed man who knows all the turns
and all the tricks Of the trade. II there
he any such things ~ tricks in the
real estate business
Aeepss DOo't Tan n Du1a TsOeos
Very few OF the agents were waiiinS
70 give any particulars Of the compare
lively few transactions that got into
the fnal stages They do not like TO
20 into particulars when the sales TO-
-, so small. Robinson & Phillips pull
I'd OF four deals that had been hangtne
an the str1pg for some time, and these
ec,s1ed $4,000. The property sold
eoo..st~d of a Ninth street house and
not four flats on Baker Street, the
house and 10, ses North Tenth street.
ana two HOSES on Chaftin Street
Ruppcr, & Schwab brough; a whole
bunch Of ng-standinG ring-kangers
20 fYuitson- Among these was $50
feet Of vacant ground on Stuart Ave-
aue, which was sold for SI3.s"e. q
house and lot At Cary and Harrison
streets for Ss.e0o. . home on Harrison
street. for $500. three houses on West
Cary for $500. some other smaller
propertses within TIE city iimits. ana
S7s feet Of vacant ground I'm Ginter
PARK for $500.
sSoe Aessvssy - - sOosres.
The charming autumn wessher hiss
Sseo taken advantage % ~ very many
prosp<csive buyers Of suburban homes
o. motor ont 60 the places Of beauty
90 hook and to decker with the agents.
4 h>sr that Q good many sales were
maSe In the susurbs. and that any
svuSrr II cvfscus were agreed upon
but u b impossible 60 worm ost OF the
ageues any particulars. sales were
49, IN wesshs@ end We0thsmveoe
81 eWuy 80 - - AT. Ss0e VIZ
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