The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-13
Dull 1t May Be, but
There Is Business
All the Same.
WHAT AGENTS SAY
AND WHAT THEY DO
Broad Street Values Pushed Up
by Railway and Union Depot
Rumors-Suburban Develop
ment Here, There and
Everywhere-Interesting
Auction Sales Ahead.

While the stock market Is unsettled
and professional and amateur dealers.
bulls. bears. lambs. wolves and what
not, are all at sea and apprehensive ms
to what the next day may bring forth.
Nichrnond real estate holds firm. This
iS true as regards improved and uniIn-
proved property. business and resi-
dertial sites, city dirt and suburban
goods. inside properties and outside
lands and farming and timbered tracts
away out In the rural districts far
away from the capital. but holding n
Richmond end. and In fact this ia true
OF all good Virginia properties.
Within the city limits and out In the
Immediate suburbs things are going
along In the even tenor of the way re-
RardlesH of runors from New York,
Washington and elsewhere. and tho
real estate agents hereabouts are all
more or less up and doing Money
may BIO q little tight. some OF the
bankers say 1t is. and loans may be
sometimes hard to negotiate. but some
how or other, sooner or later, the real
estate agents manage In one way and
another TO find accommo datiois for
their constituents when the real thing
comes to the front, and so II happens
that business goes right along In the
good old way.
Some Drawbacks.
Of course there arc spectators and
piungers and all that kind OF thing.
but after all the agents hold the whip
hand, and, Say what you may. these
of conservativism To Keep down the
real wildcat speculation and to hold
In check the too venturesome or over
optimistic plunEcrs. ~ the same time
the agents can and do display enough
of riRor. energy and legitimate push
TO keep thirgs going. and, has been
frequently observed before. nothing
short OF hurricane. food. blizzard or
cycIone can keep these fellows from
doing some business AL the time III
this heaven blessed country of Old
Virginia these Thugs never come as
they do In other parts OF the world and
In the absence OF Fuch calamities there
IS always something good 10 report
about real estate In little old. ayiid old
Richmond
All Kinds of Inquiry.
1t IS true that last week was NOT
in any sense a record breaker As "A
matter OF fact, business was rather
dull in the real estate realm, compare
lively speaking. There Is all manner
OF inquiry. and the evidence that thore
are people ready. willing and anxious
tho hurry calls a majority OF the agents
had last week. but some how or some
other way the would-bc investors are
little slow in reaching conclusions
am inclined to think that certain
values have been a little too much in
fIated or pushed up by rumors and over
much talk of things that may come to
pass. For instance. out on West Broad
Street. values. or alleged values, have
taken jump that rather precludes
quick sales, and 1t is all largely due
to tho rumors in the air that the Her
mitage Golf Links grounds are to be
the site OF a great Richmond, Freder-
icksburg and Potomac and possibly q
great union depot. am sure I do not
know just why n depot should make
nearby ground so much more valuable
even II there is going to be one on the
golf grounds. which is by no means
certain: but all the same the agents
tell me that this talk of a depot there
has caused holders of property for n
half mile and maybe mile to each
side Of 1T enlarge their ideas of the
value of the dirt they own therea-
bouts. This Initiation of ideas, ] am
told, Knocked several good sales into n
cooked hat during the past week. Sew
eral Broad Street options that were
expected to be closed last week are held
in abeyance because of these rumors
and tales Notwithstanding these
property and great deal of other
property In sight OF the same the
agents did some business. One firm
tells me that they turned over prop
crty to the amount of 100000 and that
about $4,000 worth of 1t was to q
man from the fiood-cursed part of the
Middle West, who is to become a cit
i2en of Richmond, but this firm en-
phatically refuses to go into any Of
the interesting particulars about this
deal on the part Of the Wcsterner or
any of the other deals that went to
mako up the 100000. except to say
that more than two-thirds OF it all
was in West End property.
some Good Sales.
Hearing that j. Thompson Brown &
Co. made the $4,000 sale to the New
Jersey corporation, reported I'm these
columns early in the week. call was
made on them for any particulars they
might give as to what use the twenty
five acres would be put to. Beyond
confirming the fact of the sale, they
had nothing to say except that they
were not in a position to give any
particulars, but added that they sold
10 one of the big millionaire compa-
nies, who are going to spend thous-
ands of dollars I'm this city and who
deserve every courtesy and considera-
ton the people and authorities can
give them.
Brown e Co. also report the sale
of n handsome Monument Avenue lot,
100 feet front. at the corner OF Rose
meath Road, to William Ashby Jones,
Jr., for S12,120. on which Mr.. Jones will
erect a handsome home just as soon
as the city decides the annexation sub
ject and the Improvement Of Rose
meath Road. The same firm reports
the sale of seventy-ive lots in one
bunch, at about s22,500. near Byrd
Park. that Will be at once improved by
a private corporation and put on the
market. These transactions and the
sale OF some valley property. houses
and lots here and in other sections foot
their transactions for the past week up
TO about $4,000 or more
j. D. Cook & Co. sold the following
properties: West Clay Street residence,
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