The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-24
A Week Not Specially.
Active, but There Was
Something Doing.
LOOKING TO THE
WESTWARD END
While Nothing Goes Begging
Anywhere in Richmond, the
Fact Is That Investors Keep
Their Eyes Skinned on
Properties in Western
Part of City.

The real estate situation for tina
past week has been interesting In
more ways than one In the hrso
piace. some of the agents have been
throWn. right much to sea by n num-
Der OF the investors. Tho agents
nave been showing the investors ali
KINDS OF supposed bargains and
making all sorts OF propositions as to
advancing money on realty purchases
When the average real estate agent
offers to lend money to make q pur-
chase, or for any other purpose az
for that matter, 1t might as well he
Understood in the beginning that there
are going to be very many trimmings
In the way Of fees and commissions
ana interest and recordation expenses
and all that kind OF thing; and ms {;
general rule the up-to date agent is
pretty sure to get all that Is coming
TO him In these various deals and
transfers and loans and things There
is rumor about that certain bankers
have quietly insinuated to some of the
investors that square first mortgage
loans on really valuable real estate
can be made much cheaper In a direct
way than through the agencies. Soma
of the real estate agents are. fgu-
ratively speaking. standing right uu
on their hind legs about this banking
proposition. At least ono of them
threatens to quit tho business and ga
into politics. Some others say tho
banks and the real estate men must
pull together or both Will be hurt An
other crowd says: Let the banks go
to thunder. and We will go our way,
and SO 1t goes.
Down to Business.
Anyhow. the business for the past
week among real estate men wna
rather on the dull and quiet order.
There were no very big sales made
4, a.. & g.
can be learned. there was no specially
active inquiry for tho industrial sites
that are on tho market.
Nevertheless. there was some right
good business done in Richmond and
out In tho suburbs There Is alwaya
good business In Richmond, for this
town Is growing to the fullest extent
In all directions, especially In the d.
rection that leads to the setting sun.
A we'll informed observer who was
interviewed yesterday said:
There has been a good deal OF
creditable activity, but no very ex-
tensive or suggestive GALES were mado
the past week. True, there were some
big swaps and trades. and few good
sales, and. including the swaps and
trades with the actual sales. I guess
the footings would be somewhere near
a million and a half dollars. but mind
you. all OF these were not actual
sales. OF instance, OnS agent HdS
confessed to mo that in making deals
which he Intends to report to you AZ
straightout propositions and make his
footngs read about 100000. the fecS
is that 1t all hinged around ono piece
of property, which in tho first analysis
was not worth much over $4,000.
Thus you will that what may
might In realty amount to only abous
$4,000"
Nevertheless, there has been los
OF activity in Richmond the past week.
1t Is very true that the deals actually
! closed were comparatively few, but
some OF them, at least three OF which
have already been told about in The
portance. All OF the agents have been
| doing bus ness OF one kind and an-
other the past week. some OF the
larger deals having been already res
ported In the local columns.
Some Minor Details
Charles y. Rose Company tell me of
some good sales they made the past
week. amounting in the aggregate to
about $4,000 These sales include two
new houses on the Boulevard. between
! Floyd Avenue and Main street. for
which the sum of $4,000 was paid.
The other sales made by this firm vera
in South Richmond and there they
closed out Seventh and Hull Street
properties to the amount OF $4,000.
n. w. Bowc X Sons made e sale OF
thirty-six acres OF suburban property.
between Barton Heights and Ginter
Park, which il is understood has been
taken I'm by n syndicate proposing to
cut the th'rty-siX acres up into lots.
and make II a suburban development
that will make Ginter Park and Bar
ton Heights and the balance OF them
sit up and take notice
This firm also made some large old
town and South Richmond sales, but
the members OF the house of Bowu
arc as usual. reticent as to details.
Towards the Setting sun.
Several OF the agencies report West
End aud far out out OF town sales.
Indeed IL seems that the eye OF the
Investor Is just now largely focused
on extreme West End and west subur-
ban property. 1t begins to look as II
all tho farms between Richmond and
the Hanover county line UP about
Ashland are in time To be out up Into
suburbs and suburban MONIES, and
chicken ranches and the like OF that.
only last week Golsan 6; Nash sold a
$4,000 farm away out on tho Broad
Street Road. and this added to some
big business that Arm han been doing
in Westhampton. Bon Air and South
Richmond, makes footing somewhere
close to $4,000 OF deals FOR the past
week.
Fl. Selden Taylor. Jr.. tells me his
firm sold No. III North Eighth Street
last week to Chas. Z, splitter for slS.-
900, and the buyer Is simply an In
weston. "
Richeson & crutchneld spent thair
force tho past week largely on seven
tecnth. street, and they tell mo thsy
r-optin,,nd on Socnnd PepcN =,