The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-18
FewSales Reported, But
Loans and Rentals
Booming.
SUBURBAN LOTS
IN BIG DEMAND
Holders of Adjacent Tracts En-.
Joy Brisk Business-Real Es-
tate Exchange Inauguratcs
Service by Mailing Mem
bers List OF All Persons
Levied Upon.

with exceptions here and there ,re-
qaent enough to prove the rule. real
estate dealers an over the city rN.
scrienced last week a period OF mid
simmer duilness, frightened only ~
tho brisk business IN rentals and d
fairly Il.eiy trade IN loans The vaca-
ton season han carried { large nun
ber OF buyers to the various gesor-s.
ana In many cases the sellers them
selves nave snaisen on tho harness
and departed for a short respite at
the ocean or Ia the mountains TO make
ready for the heavy business which
~ expected IN the autumn.
= resume OF the real estate situa-
ton The past week nowevc. reveals
an altogether encouraging state OF
affairs Allowing for the pess.mism
Of the agents who had du! week.
and who ISSUED oorres pondlngly de-
pressing statements. ana tho optimism
Of other dealers VINO succeeded tn
putting through number OF large
deals. IL may be fairly said that TIE
business OF tho past week was far
oriskcr than ~ the corresponding sa-
cation pcr!ol OF any previous year.
Few DiS Deals.
Among the firms which suffered
least from IL !uegtnoss bred by the
hot season was J Thompson Brown
. 90. LeKoy L. Brown 81 this arm.
who returned last w.ek from his va
cation reported that MS company did
more business tic last Week than
80 any week ia any August IA the
VAST ;en years
Among ngmAer O; minor deals J.
Thompson Blown {. Co report the
sale o.; yalsab.e farm FOR $4,000.
TO, OF West End acreage rog $5.5oo.
central house ana lot for $500.
several Yves, End lots to,alins slo.-
oo0 and piece az Mayo street prom
erty for 1sloo In addition TO ms.
The hrm reports sales OF property IN
the East inl and IN othef sections Of
the city agg.cgatins $4,000.
Suburban Property Active.
Most OF the agents holding suburban
and development properties report u
brisk business tor the week Just
closed Golsan 6. Nash closed num-
holdings and repor, several large
Transactions which are all but tied
Without exception. the suburban
additions around Richmond have. DUR
ing tho past week. been more aci.vc
than ever and have more than kept
pace WIKI the business In the city
proper The activity IN this class or
property was asl-ibc. BY a real es-
tate man Who keeps closely In touch
win suburban properties 10 the we'll
founded belief tina, a large number
OF these adjacent tracts viii be IN
,orporated within the next two or
three years. This was the confident
helief OF q number or agents who
called attention 10 the rapid extern
sion of the clay. particularly west
ward and northward. which will make
such a step inevitablc
a9me of the promoters OF these
lms dltions say that they have solo
Every lot and are now rcsen!ng FOR
original purchasers. This is notably
true in the case OF northampton vir-
gin!a Place and Norwood. Chamber
layne Court. Colonial Place. Ginter
Park and other suburban additions
report equally encouraging sales
Evcrybody's Renting.
Every agency seen yesterday re-
ported record week in rentals With
hundreds OF desira BILE houses vacant
mand seems 10 be lar in excess OF
tho supply Charles a. Rose * Co
report that they have rented practi-
cally every property on their list. ana
are unable 10 respond to the deman
for houses and apartments
Pollard < Bagby. while character
izing the real estate market as very
dun" admitted that they were night
busy renting" wish the prospect tina,
tho activity in his line Will continue
for at least tho next two or three
weeks sutton & Co. reported In tho
same vein, ana added that thoy en-
joyed brisk business In mortgages
and loans H. seldom Taylor = Co
pulled off number of good sized
deals. but were unable. because OF
their relations to other deals pend
ing, to give out details
Among the younger firms Cover &
Smith reported an unusually brisk
week for this season Of the YEAR. The
nrm conducts no rental departncnt
and confines its business entirely TO
tho sale of properties Among their
sales this week were Gao feet on Mn-
berry and Taylor streets IN tho West
End. 100 feet on Ch4mberlavne Ave-
nue. Ginter Park and 70 feet on the
Boulevard; all sold to home builders
The transactions aggregated $s2. 600.
Exchange ON the job.
The newly organized real estate ex
change, with quarters At 1913 East
Main street. inaugurated its term NJ
scrvice to the local real estate dcoI.
ers by mailing 10 very member OF the
firm on last Monday a circular con-
tanning the names of all undesira BILE
tenants. The list is compiled daily
from the records in the High Con.
stables office. and gives the name Of
every person levied upon or elected
since August /.
The furnishing OF this delinquent
list 10 the agents at regular intervals
o. regarded by President Funston. OF
ahc Real Estate Exchange. as a most
valuable service TO the members. and
one calculated to save the rental agen-
c,cs much money ~ informing them
OF the reliability OF the persons seek
CONTINUED on Fifth Pagc.l