The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-18
REAL ESTATE AND
BUILDING MEMS
A Dull Week That Was
Not So Dull as It
Looked.
MANY RUMoRs
ON.L Y GOSSIH
Bankers View of the Present
Situation-Home Makers Can &
Get All Needed Money.
Spectators May Not Have 81
Such Easy Time-Sub- 81
urban Notes.

There were some deals, more or less
large ones. in real estate made last {;
week. and there was good deal or !
Talk and some rather wild rumorH
ABOUT deals that were supposed y to
nave been made, rumors that came In
rather indefinite way that is. they
referred to deals which, If made at
an, were made with string or two
tied to the making. 1t is manifestly
Improper to report as settled facts
such deals as have a STING tied on,
1t might be better to await the court :
records for facts concerning such 4
transactions Some times they are
actually made ahead of the court re-
cord. and then again they are not. In I
these days when the banks are CALI
ing on their constituents to go slow
Tor little while, ii Is certainly wise
for an accurate reportofial artist to
walt bit a&
have heard of several big trans.
actions that might have come to past
last week. and then again they might
not have been pulled through. They
are yet In the air. That they will fins
ally come through there can he but
little, If any doubt, but as a matter
OF fact. just for the time being they
are yet hanging OIL the string. M
Bnnk Nun Talks.
the explanation OF this hesitancy
came to me through a bank otficiaE
He said: From what can gather
there are any number of home makers
In the market, and they will not have
any trouble getting money to build
homes. but the banks are holding of
little bit from the spectators. The
banks are taking care of all permanent
investors and Of all the commitments
SO Tar made by spectators. but we are
advising our friends not to make any
more snecnlativp rnp Z a,ty
they have dead sure thing of 1t.
Things financially VIII ease up SOON,
very soon think, but for the present..
men who are specializing In real ed
tate simply specializing, mind you.
are not finding it very easy to dis
count paper. Don't misunderstood me.
attractive property In Richmond can
always command loan and sufii-
cheney OF loans. no matter how tighh
the money market may be, but ii is
the speculative fever that we are
guarding against. We are not afraid
of that at the right time. but just
now 1t does not strike the banks as
being the right time for speculation.n
The above may fully explain why
there was n falling off in speculative
dealing last week. But all the Same,
the real estate market was fairly ac-
tive, and there were all kinds of rusS,
mors about large deals that We're made
OF may soon ne pulled of.
A Very lnrEe Deal.
The agents arc raticcnt and are keeu-S
Ing particulars of such deals and sales
and trades as were made to themselves.
Perhaps the largest deal OF the weeE
was made by o. a. Hawkins, who runs
the real estate enc of the Richmond
Trust and Savings Bank Company.
Mr.. Hawkins pulled off sale OF busi-
ness. property of huge dimensions, the
ever. Mr.. Hawkins positively refuses
to give any particulars OF this deal,
except to say that tho seller was a
big holder of strictly business proper.
ty. the location even OF which Is NOT
disclosed. and that the buyers weraS
permanent investors who bought solely
FOR the Income the property Is bringA
ing. Being asked for an explanation
OF his reticence or rather that of the
interested parties, he explained that
the transaction was on a cash basis
and the seller thereby comes In pos,
session of good sum of ready money.
which, OF course, he proposes to rein.
vest. but he is not in any great hurry
about 1t. He thinks If the facts of Ria
deal are made public there Will be
"seventy-five or, forty agents bulls
Raging him and advising him as to
how and where to reinvest. To escapa
this he pledged the agent, who manipu-
lated the deal. to keep his mouth shut
until the records In the court clerks
office shall reveal the facts .That
view OF the case" said an old agent 10
mo, ' Is s true as preaching. and
the real estate seller. whoever he was,
talked wisely when he talked that way,
but II you really know his name
wish you would give it to me.
think I can offer him some wise sug-s
gestions as TO how to reinvest that
hundred and fifty thousand" There III
is. don't you see?
Out Toward Pump House.
Amos & Company had busy week
| closing up some large deals that were
really made a week or two ago. They
| aggregated $4,000. and consisted os
West Broad Street property OF
business Kind. The sales made by this
firm during the week, in additions to-
the above, amounted to something like
| $4,000. =
! DR.. c. A. Lafenburg. c. D. Straupa
and Leon Bear seem TO be the membera
! OF a syndicate that has bought rights
| largely OF late OF acreage In the region
out about the old Pump House. Their
last purchase was a triffe over SIX
acres. and They paid pretty lively
! sum for the same. There is a. gre1sS
/ deal OF talk about suburban devdiop-
ment out that way, and the rnnicss ifis
| the air credit several. we'll known lea:
! col men of means With a patriotic DEF
sire to build handsome homes In thAE Ss
region s
II Is understood that Gibbony ~
Nuckols have been manipulating thgSss.
deal, or these deals, but tbs nnembera
OF that firm, are very retlcent as ia
| particulars. a. ~ as. ~ ~
| Rumors Ahead gof xuctiaa SsIen, II.
I There were all kinds or rpntorn ft[$
the afr IA, to some blk saleH that wef.f s@
and Broad streets hut said rum FS
being traced dcwI, were fosEd