The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-05-11
SPECTATORS BANK
ION FUTURE SUBURBS
MARKED ACTIVITY THE PAST
WEEK IN ACREAGE IN THE
FAR WEST END.
COUNT ON ANNEXATION
WHEN THAT BECOMES A REALITY
INNUMERABLE SUBDIVISIONS
WILL BE DECENTRALIZATION
~ FROM PREVIOUS WEEK.
COUNT ON ANNEXATION

Inquiries for acreage and sales
az acreage in the far West by and to
speculators. based upon the probable
nv OF early annexation, practically COW
crs the real estate Geld the past week.
There were no deals OF consequences,
and agents generally reported COM
plete reaction from the marked ac-
tivtty of the previous week insofar
a. general business was concerned.
Most OF them were busy settling up
the boresome details of the previous
weeks buHness--boresome be-
cause they avolve bookkeeping
and technicaiities OF rccordation
which the average real estate agent
doesn't like nor would the average
anybody else. It's hard enough to
make a sale. and after the tact and
talents of the expert have been ex-
hausted successfully in that direction
he naturally doesn't care to be both
cred with irksome details of compile
ton, though these details are abso-
lutely essential. and form one OF the
dfsagreeable features Of the business.
Acreage the Thing.
However. this liz not to the point
the point Ia that In expectation of an
nexAtion spectators are gobbling up
land In the far West End as fast
al they can pick II up and when an
nexation becomes a reality there will
be more new suburbs offered en- the
market than you can shake stick at.
all OF which adds to the gayety OF
this column and the progress OF Rich
mond.
The great danger, as Mr.. Leroy
r. Brown pointed out yesterday. is
that propertyhoiders will impede this
progress by holding out for extrava-
CANT figures with this expectation OF
annexation. There is sufficient re-
ward In the rapidly-climbing values
Of real estate without any effort TO
fnf,ate prices and this imitation does
tend to impede progress Mr.. Brown
cited two instances Of West End prop
0rty in his hands which he had an OPP
uortunity to sell the past week and IN
both cases the holder, enshused hy
aliaring dreams of getting rich IN a
day, went up on his price to the ex-
tent that the prospective deal had to
be cancelled.
West End Dirt Selling.
He confirmed tho general reports %
the activity OF acreage in the western
suburbs and related an instance oil
driving one speculGtor sixty miles
around the Western suburbs in an
OF dirt to his liking. He made the
sale. which amounted to $1,000 after
q hard days work and the investor
will probably clean up three times
that aomunt on his holdings when
annexation becomes a reality by open
tnx a new subdivision. There are IN
Vulnerable indefinite rumors. too. oil
other big acreage sales which mean
more subdivisions, later on. Giopones
Il Nuchols have something UP theif
sleeve In this direction which Ia not
quite ripe, but has promise OF oecom-
ing most interesting news before the
week Is over. and Goisan Nasn
sold three big tracts OF acreage IN
Westhampton which are likely 10 DC
developed along similar lines.
mechanically Golsan a. Nash report
4 great big deal which does not con.
Germ Richmond beyond the fact thai
4 Richmond concern put II over
the sale OF a $50000-acre timber
tract In Western irginia to syndicate
which brought the seller $50. ooe
Among the few minor sales OF IN
terest was the residence OF DIR. :"
Armitage Gill in the 1900 block or
west Grace street. which brougn'
$1,000. Raab & Company were the
agents and the purchasers name was
not given.
But the agents generally are OPP
timistic. While money conunues &C
be tight, loans can be had on siit.eose
security and with inquiries sooo no
body Il complaining. On the con-
trsrv agents wonder that the business
ksens up as 1t does, and the only ex'
PLANTATION is that Richmond Is grow
ing as fast "a 4 healthy boy.