The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-01-07
First Week Of the New
Year Opens Up in
Grand Shape.
MANY BIG SALES;
. OTHERS ON STRING
Broad Street Property Very
Much in the Limelight--What
Some of the Good Judges
Think About Things.
Richmond Dirt Good
Investment.


The first week or the new year opens
UP very well for the real estate folks.
At least tsct Is the way they talk
ABOUT IL. Inade IL point yesterday
TO talk TO every one OF the real estate
men could find at home Several Of
them could not find at home, for. ba
II remembered, yesterday was u mighty
cold day, the coolest In fact that this
good town has known for dozen or
more years and not u few OF the
agents were out. Some of them might
have been out looking after business.
quite likely they were, but tho most
OF them were likely hunting 4 stool
Anyhow. the most of them were
busy and right busy. closing up con-
tracts that were made just before tho
how year and subject TO confirmation
nc near after the new year as possible
Among these new year contracts that
have been closed I have heard Of
something like half million dollars
worth. Among these may be men
toned the sale OF No. IS East Broad
Street. This property was bought
through ollard & Bagby and a. L.
Strause was the buyer. Mr.. Strause
pnld $4,000 for the goods
Another big deal OF the week was
the sulc OF the property 4pl weer
''puo toIi SSN' llc u. a. rose company
engineered this deal. and II. s. Waller
stein was the buyer. Mr.. Walierste,n
paid $4,000 for the property. and he
nus nm idea that he got II cheap
enough.
The fact IS that this man Waller
stein thlnk Broad Street property Is
much better as an investment than
any stocks and bonds that can be
ohered on the market had a little
talk with him yesterday. In the which
ne expressed opinions OF that charac-
ter Anyhow. he said: when have
got some money to spend am putting
1t in Richmond realty. 1t looks to
me q heap better than any stocks ana
bonds have been reading about.
Wailerstein is mighty good Judge or
investing propositions
Harry Pollard. of the firm Of Pol
lard y Bagby overheard the little
talk | had with Henry wallerstein.
ana nc butted In TO the extent of say
Ing: Il quite agree with Mr. Waller
stein, and the further CONVEX. atom
brought out the remarkable settlement
mat Investments in Broad Street prop
erty for the past dozen or more years
have paid more than - per cent. and
paid 1t mighty quick. That is much
better than any government securi-
ties that have been heard of UP to
date and Mr.. Pollard. who is some
thing OF an investor and Spectator,
added: 1t looks to me as If Broad
street investments are good deal
better than government bonds. espc-
cially IL the investment be in tho
business section thereof"
Williams & Cease report big sale
or land fronting on the Bouley ard, a.
deal that foots up something like
$4,000.
H. $, Taylor & Company made some
good sales the past week. one OF which
is very interesting. Among their
sales amounting to about $4,000, was
lot on the north side of Cary Street,
hear TO Twentyfirst Street. +. ..
Williams was the purchaser and it
is understood that the object of his
purchase Is to enlarge his tobacco
manufacturing plant. This may BIO
the beginning OF enlarged tobacco
manufacturing in Richmond, an en-
iarsement that comes OF the curtaii-
ing OF the trust business perhaps
The opening week OF the New Year
shows not Il little activity In the su-
burhan regions. The Virginia Place Is
very nearly sold out, and they do say
that there are very few lots LETT In
Colonial Place
new suburb ha- opened UP be-
yond the borders, away out in Ches-
terrified county. The story sues that
VIZ pipPCtlS u lit Dun AIT Ialsu {.
Company has passed into the hands
OF Golsan & Nash. and that this hru1
will develop and sell the same, much
after the plan that has made West
hampton such n success. 1t is under
stood that something like 100 acres OF
land is involved in this deal. Just
who is the financial power behind tho
deal is not known. but the real estate
firm that has caught on Is a sufficient
, guarantee that there is going to be-
something doing.
There Is ruror that much new
building Is In contemplation out west
yard. but there Is no ncws in this.
Much building goes on out there be-
fore you know It. In this case. how
ever. the announcement is made that
two stores are to be built at Laurel
and Broad Streets, and that both have
been rented before tho breaking OF
ground.