The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-25
REAL ESTATE AND
BUILDING NEWS
All Admit That a Dull
Week Has Come
and Gone.
SOMELARGE SALES.
MONEY is EASIER
Numerous Agencies Kept Busy
Making Loans to Home Build
ers-Rainy Season Dampens
Ardor of Buyers and Sellers.
Afro-American Firm Gets (
in the Limelight.

The past week has been rather
dull one for the real estate agents,
but some OF them will not admit IT,
However. those VINO speak up for much
activity arc very shy as to particulars
and details. while those who claim
fairly active business tell but little
that comes in the category of news,
and. as n matter Of course those who
admit that business is dull, very DUH,
nave nothing more to say other than
the bare statement of the fact The
rainy weather which was in truth
Godsend to the farmers of the whols
state and the truckers and the garden
ers and great many Of the subur-
banites, knocked all or most ali of the
outdoor auction sales into a cooked
hat and furnished additional evidence
OF the wisdom Of tho advocates of in
door sales under the auspices of the
Richmond Real Estate Exchanges Wet
weather conditions make bad business
not only for the auctionecrs, bu@also
for all OF the real estate agents. es.
pecially those who have much subur-
ban and speculative properties to sell,
and have to take prospective buyers
out in automobiles or buEgies or carr
raEes to view the landscape DER be-
fore closing deals. Taken altogether,
"gwine and comm" much of the dull
It, may be charged UP TO the rainy
season and the much leaking OF the
clouds.
Money In Demand and Easier.
Nevertheless. clouds or no clouds,
rain or shine, tn eaveraEe real estate
man, be he agent or SPECTATOR or in
festor or what not. will find some way
20 keep busy. Some of those who were
not busy selling dirt were more or less
busy making loans on lirst-class real
estate mortgages, and this seems to
indicate that money is getting q little
easier. 4 bank man with whom I had
a short talk confirms this feature of
the weeks business. He said his
bank was getting TO he much more
'lenlcnt," and | suppose that means
that IT. has surplus of cash on hand
that 1t is glad enough to get rid OF
on first-class security and surely there
can be no better security than Rich
mond real estate. In this connection
the remark OF a real estate agent made
to me is worthy OF record. Said he:
Don't let these fellows fool you about
the money situation. We can get all
the money want for safe real es-
tate investment and good deal more
than we can place, and get it right out
of the banks TOO Another agency
we'll il was j. Thompson Brown &c
Co.-after reporting real estate sales
amounting to about $50, 900. sales Of the
minor kind said they were deluged
with applications FOR loans but had
no trouble in getting the money TO
accommodate all OF their regular
clients. Furthermore, they said, they
had made more loans the past week
than in any week for many moons
past, the aggregate amount going
away up yonder in the thousands.
Some Good SnIes.
Perhaps the biggest real estate deal
of the week made Driyatcly and
without the help OF any OF the agents. x
c. Ridgeway Moore bought from Eds
gar Allan the property at the north.e
east corner of Fourth and Grace
streets. on which tho Grace Street
Presbyterian Church now stands, for;
which the sum of 100000 was paid.
The property fronts n fraction over
81 feet on Grace street and runs back
on Fourth Street distance of 129
feet.
Under an agreement with the church
people made by the former purchaser,
Mr.. Allan the new buyer Will not get
possession OF the property for at least
two years hence. bat when he does get 70
he will make some big improvements,
1t being his present intention to pull
down the church building and erect
an up date combination business and
apartment house. 4 fve-story build
ing, with business departments 'front.'
ing on Fourth Street and apartments
on Grace Street, is the present idea
of Mr.. Moore.
Harrison a. Bates sold to the Bunt-
ing Mc->eal Real Estate Corporation a
tract OF land on Patterson Avenue adj
Joining Colonial Place and the Monu-
ment Avenue Park property containing
thirty nine acres, the same being the
property of \. r. Grimmell The pur-
chase price was $4,000 II is under-
stood that the purchasers will sub