The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-06
ALL BUSINESS
SOME LARGE SALES
West End Investments Turn
Out Good Proits-Whole
Block to Be Built Up-Ac-
tivity Along Seventh and
Eighth Streets About
Grace and Franklin.

Market, h&d an ex1ler4tlnG enect on
real estate buyers and SPECTATORS and
investors. and likewise on the. agents.
This combination OF cause and effect
resulted in some big deals being pull
ed OF. some old string hangers being
closed up and new started which will
bear good fruit In the near future.
The buying and selling and the trad.
ing and swapping were not confined
10 any favored section. but was gen.
eral and well scattered throughout the
entire city ana all o. the suburbs, and
all classes OF property were involved.
All Of the agents were in an optomis-
tic mood. II 10 true that some OF them
were q little down In the mouth" be-
cause certain deals they had on the
string did not drop OF before the FAIR"
in the completed state. as they had
hoped. but they knew or think they
know that they are going to drop SOON
er or later. maybe the week after the
fair.
Some Inflated Ideas.
One agent. who was suffering some
what with this trouble related an ex-
perience which speaks for itself. ~szss
said he had certain property listed with
him for sale at = given price He had
an offer within a fraction of the price
named and submitted the same. think
ing that the holder would almost GER
tainly concede the fraction. but to his
utter amusement said holder not only
declined the offer. but advanced the
list price nearly so per cent and his
vision of commissions on q $4,000 deal
vanished like the mist Of the morning.
There 10 undoubtedly an active demand
for Richmond real estate. and there il!
plenty Of money to b Invested In II,
but Il is Just as true that very many
holders Of such dirt have had their
ideas OF the value OF the same too
much inflated. and this class Of hold
ers are mortal terrors TO the hard
working agents.
I.tesessinE sales Made.
Perhaps the most interesting. II not
the most important sale OF the week.
was that Of the entire block Of land
bounded by Grove Avenue. the Boule-
ward, Floyd Avenue and Mulberry
street. This sale was made by J.
Thompson Brown 4 Co. to the Davis
Land Company. Incorporated. for the
sum OF $57.5eo. The purchasers OF
this property are perhaps the largest
operators in the building business in
this part Of the South. and they are
already maturing plans TO erect on the
block modern brick dwellings. and this
work will require the further invest-i
ment OF over 100000. This block Ss
diagonaliy across from the Soldiers
Home, and IL now ripe for just such
improvements as the DaviSs contem-
plate. The ground that figures in this
transaction was acquired about fifteen
years ago by Lewis H. Blair for some
thing less than $4,000. and the price
that Brown 4 Co. obtained Tor II last
week 10 but another evidence OF the
advance In real estate values In the
West End. Mr.. Blair. knowing . good
thing when he saw II. has from time
20 time refused nattering Offers for the
block ~ q whole, but that may have
been because he at one time thought
of building on II for his own use J.
Thompson Brown Z Co. placed 70 re-
cord q deed from Sarah F. SCOTS estate
conveying to Nj. Blair the handsome
lot fronting los feet. corner OF Monu-
ment Avenue and Davis Avenue The
presumption IL that NJ. Blair purposes
to build there ard hence his willing
ness 70 part with the Grove Avenue
block. While the consideration named
in this deed was nominal. the state
tar assessed on its recordation indi-
Gates that the consideration was about
S1s. 600. :
Brown Co. also report the sales OF
thirty or forty West End lots situat-
cd on Claiborne, winder and other
streets. and some other properties run
ming their total for last week up 10,
about 100000.
S<vesal LssSe Tssssoesseo&
J. d. Carneal 4 Son report business
fairly good. and among the sales they
made last week were the following:
3i3 North Second Street for $3.50:
SIC North Madison street, for Sl1.oae;
. North Eighth Street for Ss.ece;
TOO feet Of ground on Grove Avenue.
for $500. ana smaller properties that
ran their total up 20 little over Ss".-
600.
Rsab 4 Co. report sales very good Tor
che week past They sold for Charles:
ana Allen strase s7e.eVe worth Of good
dirt in the neiehoorhood Of Twenty.
Srss and Main Streets They also sold
FOR Ms. Cora Seller. the property af.
che corner Of Hancock and Marshall
streets, and also several dwellings In
the west End. their total sales for the
geek footing MP about S:t.eee.
The largest single sale Of the week
cana In the shank end theEScS Yes.
eerdav morning J. A. Connolly Z Co.
ma for RichmOad Moore snd Ralph;
Levy the property at the Southeast
corner Of seventh and Grace streets 90,
0ooers O. ZEN for Sse.eee cash Moore
ana Levy boughe this propsrsy less
ehan ssxty aays ago for considerably
- shsn the prscs sAsy obtained tor
n YESTERDAY. CouneIIy q Co. msdeI
another pretty good ssle the pest week
0Nep they sold q r. ETI~ccA TrseSe
sMs AJhaaera Hotel property at the
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