The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-07-13
A Rift Is Noticeable in
the Cloud of Several
Weeks Dizziness.
MONEY EASING UP.
GREATER INQUIRY.
But All the Same the Summer
Holiday Time Is Not Over.
Agents Doing Office Work
Pretty Much Altogether
and Closing Up Deals
: Heretofore Made.

NV vacation season Tor tho real
estate agents seems to be on in earnest.
This does not mean that all of the
agents. or even few of them. are Mt
the sea shore or in the mountains or in
the rural districts. but it docs mean
that the spectators and investors and
other Kinds of buyers and sellers OF
md traders in Richmond and suburban
property are taking somewhat Of q
midsummer vacation. These latter NAV
not be at the scashore or in the noun
tains in very large numbers, but some
or them are there, and tho most of tho
others might as we'll be, so far as
their influence on the real estate mar
ket is concerned. for be they where
they may, they are certainly not doing
much firing along the real estate lines
during these sultry July days There
may be reasons for this lethargy other
than hot weather, and there is no do
nying the fact that little temporary
money tightness and what may be
the ultra conservatism and "overcau-
tiousness" of banks and bankers have
contributed largely to the work OF
making the past week and the past
several weeks as for that matter,
rather dull In the real estate world
Skies Are Frightening.
However. the past week has wit
messed rift or two in the clouds, I
am told by one of the most cautious
and conservative OF the Main Street
agencies that the money tightness Is
looscning up somewhat and very no.
ticeable signs of a still further loosen
Ing up came to the surface within tho
past rev days. BY way of illustration.
thls agency read me paragraphs from
correspondence with an out-of-town
capitalist which authorized said
agency to loan at once on realty go
curity $4,000. and there was an init
nation that there was more cash where
that remittance came from.
AS bearing upon the same point a
banker told me that money for real
estate investment Is showing signs OF
easing up considerably Cautious
talker that he is. this banker would
not admit that 1t had already leased
up. Numerous agents and several
real estate plungers, however, had
heard of this easing up" before the
banker intimated 1t to the man OF news.
and some OF them had been cautiously
acting and governing themselves ac-
cordingly. This resulted in n few
small sales here and there and the
opening up of considerable negotia-
lions that may. and doubtless will
sooner or later end In some right large
sales or one kind and another.
Many Deeds Recorded.
Numerous agents and agencies have
during the past week been taking nd
vantage OF the July dullness to catch
up with their office work and to put
were practically made In former weeks
and months. some of them as far back
as February. The result OF this kind
OF business was a small rush on tho
clerks OF the courts to record deeds
Since the 1st of July very many deeds
nave been recorded showing forth
transactions in real estate that were
consummated last month and even sew
eral months before. or the many deeds
recorded last week in the Chancery
Court only two or three had reference
to sales that were made in this month.
One interesting deed that went to req
ord was from y. Klein & Son to Wal
ter r. Smith. which conveyed to tho
said Smith the valuable property on
Cary Street near Twelfth Street, known
as the old Richmond and Allegheny
warehouse and office property Tho
tax paid on the recordation indicates
that the sum OF $4,000 changed hands
In this transaction, but 1t is under
stood that there was considerable
swapping and trading done In tho MAX
ing of that deal. and is doubtful IL
anything like half or that amount OF
cash actually changed hands.
j. d. Carneal & Son. j. Thompson
Brown & Co. n. w. Bowe & Son, Sell
don Taylor & Son. Richeson & Crutch-
field. Connolly & Co, Amos & Co., Pol
lard & Bagby and numerous other
agencies sent forth many deeds for
record for their constituents, but in
the main these deeds had reference
to business that was transacted sew
eral weeks ago. and the deals have
mostly been reported In these columns.
Other deeds that went to record show
that Parker Bagby Co., of 102 North
Eighth Street recently sold two hand
! some dwellings on West Grace Street,
for which they got s33500 and four
brick tenements in South Richmond.
for which they obtained for their con-
I
115 feet OF good ground on Cary Street
for $4,000, two homes on Wallace
Street for $3.50. fifty feet on Leonard
Street for $40 foot and Club View
lot for $4,000.
Some Improvement Noticed.
majority OF the agents report bet
ter business last week than the week
before. and all OF them are optimistic.
claiming that the numerous small
sales. none OF which. so far as re-
ported. exceed $1,000 in amount. and
signs OF better things that are coming
in the very near future when the Rich
mond banks get through sending
money down South to meet crop emerg-
encies and to draw heavy short-ttru
interest and bring 1t back for Rich
mond investment.
The farm sellers are still having
very good business. Numerous agents
who handle this kind OF property In the
counties near to and convenient to
Richmond spent much of the week in
lautomohiling prospectors and purchase
ers out to the rural districts. Amos
& Co, tell OF the sale OF a large timber
tract in Amelia County and charming
farm in Chesterfield County. &
The suburban property dealers say
business Is necessarily dull with them
just now because OF the money tight
ness, but there Is all kind of Inquiry.
and with the loosentpg up OF the imam
cial situation. which they look for as
any moment. they expect large bust.
ness. sas