The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-22
Plenty of Money Avail
able for Investment in
Good Richmond Dirt.
BROAD STREET IS
IN THE LIMELIGHT
Talks With Real Estate Men
Show That the Money Scare Is
Over So Far as Richmond
Realty Is Concerned Some
Things That Were
Actually Done.

Yes, thcrc Is good deal doing In
mo real estate line, but 1t is all on
tho quiet. and IL is exceedingly hard
10 md out Just what Is up. You see
there has boon financial scare that
was short lived. II was national and
affected the whole country and Rich
mond especially, for. take II from me.
no people on this green earth watch
Wall Street aud other money centres
any closer than do the Richmond
bankers. In fact am about haN in
cHned TO think that certain corners
in Richmond can give certain parts
OF Wall street cards and spades anu
beat Wall Street Al its own game. l
very much doubt II anybody on Wall
Street in New York gets wise quite
rs soon as some o.: our Main Street
bankers and trust company fellows.
! am mighty glad that such is the
fact for il means great deal for
Richmond. To illustrate. TWO weeks
ago IL was almost Impossible 10 affect
loan for real estate deal. n ar
that ii Is almost impossible to do that
Kind Of thing In Baltimore and Wash
you know 1 have been offered all
kinds OF loans right here N Rich
mond, provided can show up GOOD
real estate investment This means
that money has been accommodating in
bank, money that Is seeking safer in
vestmcnt than stocks ana bonds orer.
There Is nothing safer than lEch mond
realty. OF course. it has taken sew
eral days 10 let an OF this Kind OF
news 10 circulate. but II Is circuiat-
ing. and am informed that a large
number ,. deals have boon put on the
string, 2reGicated on this kind of imam
ciai c!tutaion'
Bnnkcr,s Views.
Thac is the way a real estate man
talked to m" yesterday. | was not
entirely satisfied with his view OF the
situation. and took occasion 10 inter
view a prominent bank official Just be-
fore ne shut down the doors FOR - halt
holiday. read the above To him ana
ne said. 'IoIr real estate friend -
dead right. There is plenty OF
money FOR legitimate investment and
! am sure l know q no investment
that Is more legitimate IMAM good
real estate h,rc IN Richmond
some OF the agents got on TO this
view of III. financial situation. ana
did business accordingly tho re-
suit was the hanging on the string
of very many deals that nave hereto
fore been held UP pending financial
arrangements III the matter OF max
ing prospective sales, more than half
OF the agencies were Kept right busy
last week. but very few of them haze
anything To tell OF deals that have
been actually closed. but the string
has been mighty busy.
The rental agencies keep very busy,
and one Of Them, speaking Tor the
whole fraternity. said 10 me: Il am
doing much OF "A pers2hing business.
In all or my twenty years experience
! never knew OF such stringent de-
mand for houses in Richmond. have
closed out more leases since June /
than ever did before in the same
length OF time in any one OF the TWEEN
. years l have been in the business.
Some Good sales.
The best business OF the week so
far as sales aye concerned seemed to
be with the men who have farm lands
TO sell. Gibbony d Nuchols report
sales OF farms in Henrico and adjoin-
ing counties that amount IN the agSre-
gate TO Close 10 100000. ". VI. Mil
Ter & Company tells OF the sales OF
farm lands ;hat footed up $4,000
Bowles-Lones Company sold three
farms last week that amounted to
$4,000, and various agencies tell me
The suburbs were decidedly active
last week, and ELAN X tunsten tell
of big sales IN Gintcr Park
Coming back to town. Amos * Com
pany sold 100 feet on Broad street
between Meadow ana Allen Avenue to
T. l. Frost and 5. 4. Bevcridse for
$4,000. and !; is understood that the
purchasers will erect on the grounds
FIVE or six brick stores. This firm
made a number OF other sales. making
their total for the week over 100000.
Raab * Company sold II South FIJI
teenth Street for T.. Whitlock to Den
mis- O. sullivan for $1,000. Also other
property in the neiShborhood OF Eigh-
teenth and Main Streets. They re-
port continued and healthy Appreciation
on East Main, ard, judging from
the numerous new and modern store
buildings now under course OF con-
struction. We arc OF the opinion that
East Main Street has a future before
ii which hats IN no way been dix
counted. AS explained by the agents,
Its one Of the fcw business sections
where n man can plant his money and
set a good income. and at the same
time enhancement OF value
News Mills Mt Hunicrsvil.c, y. &.
Huntersviile. y. G.. June 1.-THE Anchor
Mills OF this place Will complete its
additional building and install 5000 spindcs.
with accompanying machinery. for doubling
1 iG