The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-09-22
OPTIMISTIC AGENTS
|SANGUINE DEALERS
Money Required to Move Crops
Taken Out of Real Estate
Realm, but It Will Come
Back in Due Time.
Bright Outlook On
Ahead.

even furry. There was not any
thing like a storm In the real estate
market FOR the week previous to the
one covered b. this report. but there
was good business all along the Line
IL I remember Alright. However, IL
was not a storm. 1t was only a furry.
just a little furry, occasioned by the
return to the city OF 5~-.n or maybe
two dozen investors and SPECTATORS
who had been of for two or more
months resting up. They dropped into
their old haunts early in the fail
season and it Is likely that thew made
some deals that they have already re-
GREETED. Anyhow they had TO get
their hands in and they got them In
all right. They may be now figuring
on the question as to how to get
them out. and that may be the ex-
PLANTATION OF the calm that has fol-
lowed the storm or the furry In the
real estate realm that was reported
in this column last week. But be all
that as it may. the fact remains that
during the past week the plungerS
and the spectators as we'll as the
home buyers and the long time inves-
tors were very offish. and the real
estate business in general way was
very unsatisfactory to the agents. the
men who look to the commissions ior
living and a profit. 1t was hard'
almost impossible. for the agents 70
get the sellers and the buyers TO-
gether.
And vet ii cannot be said that
there is any real dullness in the real
estate market. Richmond dirt ana
suburban dirt have not gone any
where, and the faith Of the real IN
weston has In no way weakened a. N
the real value of the same. out. %
IL remembered, the investors and the
sneculators and the plungers nave
been away enjoying vacations ana
they have just gotten back. Tney re-
ouire little time. maybe Srea. 0oa.
az n. 70 ret their bearings and stady
out the situation "a -they find II on
their return from the mountains Ok
the seashore or Europe or wlereveI
they came from when they got throusn
vacating.
real estate agent told me yesreT-
L.. that he had no less than dtey
inuuiri q about Just one piece OF prop
ertv that he had been advertisine. anu
that every inquirer was Just In ron
vacation and was not ready 10 taLA
business just yet. They were SIMPLY
inouiring. This agent IS sur thAt .e
will make a sale OF the properly -
Question
inouirers within the next ten days.
hut" said he. Il have got to givs
each one OF them a little time to think
the matter over
The experience of thu above quoted
agent seems 10, me to size up very
we'll the whole real Estate SITUATION
up to date.
Another agent, one who Is old In the
business and who is in very close toucn
with the banks, being a director IN AZ
least two, suggested TO me tnat the
weeks dizziness in the matter OF sa.es
and cash transactions is largely Que
TO the tightness in the money market
He further explained that the crops
of the country in general and in var
1inia In particular have been mighty
large this year, and 1t takes whSas
lot Of money to move them and ger
them on the market. The oanks OF
the whole country. and especially tns
Richmond and Virginia banks. must
look to the movement OF the crops.
because in the final analysis all funos
must come from the crops ana nke-
wise ALI availabl. funds must at tnis
particular season Of the year play TO
the movement Of the crops You nave
no idea" he continued. how mucn
money this crop-movins business re-
NOV IS for a while from the real estate
speculative channels in Richmono-
The argument that followed was 60 the
.f,ect that in about sixty days frvm
now ,hi. money that is now absolutely
required in the crop-movins business
will b. flowing back into the banks.
and the bankers will be begging the
rea, estate piunsers to use IL At the
usual rate Of interest Just you wait
until that tiras, say about Nov-meer
Is or December I. and you wtu see
ltvsiiness in the real estate realm that
will maxi you open your eyes very
wide
upSusry TAas Nesss Drs0Aa Fue1se.
Perhaps this IL all true enough. au4
maybe II fully explains the duIlness OF
the past week. and there can be no
doubt tina, there has been q dunness
The agents generally repor; mucn
Of this dslIn.ss. bu; they are all hope
fui. and all OF them look through
o,,.mi<,ie siasse. 20 the srnmed!sss
future.
They all agree that there will be nce
more than two or three falls % frost
before they win be rushing sales 20
hoa, the band There is much inquiry
for property In the West End along
r.. Boulevard and slons the streets
tina, cross the same. Beyond the CITY
limits In the Monvmc1t Annex, along
the extension O, Mosrmen' avsas~.
some good sales have been made ana
the irauiry BY ssecvlstors sad tnvee-
tor. 70 such a. 20 Iced TIE desisrs -
think that there IL sosns 20 De 8resS
Nussuesp out that was - soon - -
banks tighten W . uss1e
ye0 usaW9S - - 49,
An ~ inc agents sgree thai ss1so
Ssv. nr.a rather small! for shs pssg
Weet au. they have made bsesS ss1
Nu,,er. ana from all sAss TIE 0ea =
nev. can sA,her srou TIE Sseesooe<ee0
s,or,es and carefully guogeoo 49,
fConesuue6 oa 6Ooo00 HQ s.