The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-09
Inauguration Had Some
Effect and Made Week
a Trifle Dull.
OTHER REASONS;
THEIR MEANING
Money Heretofore Invested in
Stocks and Bonds May Seek
Home in Richmond Dirt.
Kind of-Waiting Season.
Watching the New Adj 4
ministration.

I . q f. Z
Tho real estate market is quiet,
very quiet. SO some of the agents say,
ana some OF them are glad that it is (
very quiet, IL really that be a fact.
quiet market for a week or two
after several weeks OF activity and I
large business. Is n rather good sign
or the times. so the agents who did a
small business last week argue
One OF the leading realty agents Of
| the city. ono who has been doing very
large business all of this year and for5j
several months In tho latter part OF /;
asst year. talked with inc yesterday &
morning. He said the past week has 4
been very dull, and. coIuparatiyely
speaking. but few sales of Importance
had been made. "Of course" said he.
| thcre are some vigorous politicians.
among the real estate agents and
among,, the people who are doing lot
OF dealing In real estate. and, of course.
al OF this class had to make the bill -
grimage to Washington in the carly &
days of the week to SOC a Democratfo
president inaugurated, a thing that
happens only once in a very long While
| OF course, but few of them we're M
business shape when thcy got5back, and 3
finally had 70 make whole week of
the thing. and all of this may account
IN a measure for ascurtailmentSo of sales
or real esthte and actual business, but :
there are other reasons why the saIes e
were light and business was slack and q;
am glad that it was slack / think
it is healthy sign when, after yyfat e
| we may regard as little too much
activity for q month or two, there shall
| come slack week. 1t gives us time
to settle down and shake down a lit ~
tie bit get our. bearings and see iuss
whore we stand, hang some now things
on that string that you invented and
40 some banking stunts that are some
times absolutely necessary in tho real
estate business as In other lines of
commercial activity, and so ON and
so on" d SIS Z, ~
Politics syayt nc i'm Air. .fi,, us
asked this gentleman to he more
explicit about the other reasons. She
had hintcd at. and. wilma smile, ha
referred me to another agent who had,
walked up whilo we had been
talking. This other agent took
time to light Il miserable smelling lit
tie cigarette. poisoned the air with q IS
puff or two from the same and then
solemnly spoke as follows:
wei. you see, there are whole 1ot Y
or people who are, a little uneasy about
the Wilson administration and are
thinking, maybe. that for year or =
two at least this change in govern
| mental AFFAIRS Will make business dull &
along certain lines. There is RI great
deal or Richmond money and Virginia.
tain lines, but when this uneasiness
commenced several months ago. thosa
Investments We're gradually withdrawn,
and the cash from tho same Is now
lying idio In the banks There is no
question whatever about the stability
OF Itichmond real estate. and not a few
OF these Fellows are thinking seriously
OF Keeping that money out of tho spec
uiative channels from which II was
Withdrawn because of political talk
and Investing in property that politics.
cannot anect--that Is to oay. Richmond
dirt. Something like $1,000 900 OF that
Kind of money, / believe, Is lying
around. and tho owners OF the same
are seriously considering the suggea-ss
lions that 1t be invested right hersY
In this good old town or herea bouts.s
know that conferences with regard
TO those suggestions have taken up all
OF the time of several agents this week
and hence they took no time to com. u
plete deals they had hanging on tho Il
string 80
Good business All the Same.
thought this explanation was
little far-fetched. in so far as 1t tried S
to explain a duliness which was sufIi-
ciently apparent, but at the Same time -
1t opened up new limo OF thought
which Is submitted to all who love to
delvo into mysteries and to moutally
hSuro on cause and effect,
Notwithstanding those gloomy refisc-
tons on tho part Of somo OF the agents.
there was something doing. From
| facts gathered hero and there and estj-s
Fs
safe to say that moro than 100000
worth of property changed hands In 81
Richmond last week.
| Nine out of ton OF the agents doing
| this business arc reticent and will not Il
give particulars. but they did the bus
| mess sll the same. Rumocs Of a eingla q
sal9 OF $4,000 and said to be a spot
| cash transaction, could not be- abao-
lutely verified, but there is scarcely q
doubt THAT 1t was made THIS how
/ ever. Is an unusual deal--one of the Z
kind that happens only once or twice
in lifetime, II. indeed. 1t has haps
pened this time.
| There aro reports and rumors of sew.
eral large deals In timber lands that q
arc supposed to have been consuulInat-
cd by Richmond real estate concerns
| Two of these deals, that foot UP moro q
than $4,000 involved North Carolina
| Richmond lumber dealers The fact 81 &,
| that timber lands are becoming very
scarce, and there is a most active de n
mand for tho Same. The agent who n
gets an option on such land lis lucky Il
Iie will have no trouble selling
The agents who make n specially OF y
farm lands are conIplainingeof a rather q
unexpected dullneas. Iliey say some
| mighty good farm lands near TO Ricli-
mond arc almost going begging tust y
now. but this is not the season FOR !
that Kind OF business The farm, land
buyers arc more jii evidence In the u
early fall than In the early spring S.
A Few Pcintcd Facts,
| OF tho business that wac done in the n
city last week. but few partieuJaf ~
could he obtained William nj. afiliSr d
81 Co, sold residential properties s3n Z
various parts of the West End 10 tho III
amount OF $4,000: Bowles7 Zones Com
pany dH q few stunts. also in West &
End selections, that, count led up q .Qaps 81
Gtbbony e Nuckols were a. tie \ busy 81 81
along tho boulevard and turned ! X rs