The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-01
little ACTIVITY
IN REAL ESTATE
WEATHER AND RENTAL SEASON
luLITATE AGAINST ANY
rRANsAcTToNs OF NOTE.
EXCHANGE IS BUSY
sAEvERAL INTERESTING QUESTIONS
!. 10 ME TAKEN UP AT MEETING
TUEgDAY-HoUsEs m DE-
HAND AND SCARCE.
EXCHANGE is BUSY

ThSrweather initiated very serious
~ against any real activity IN the
N9c7mond real estate market last week
- far as individual transactions OF
note is concerned. and most of the
agents were too busy with the advent
Sf the~lease seasoi. to 60 after pros
pective purchasers of property
One agent said yesterday that not
withstanding the fact that the past
year had witnessed the building OF
many homes in city and suburbs.
there are fewer houses available for
rental purposes at this time than he
aaAs ever known and the demand is
- great. which goes to cement the
af4ument. for annexation.
There were several interesting auc-
Zion sales during the week. and more
which would have been as interesting
which were called of on account OF
the weather. The Kahn property. No.
IL East Broad street, was put up and
withdrawn after 1t reached $4,000,
and negotiations are under way for
private sale Of the property. II the
deal on foot goes through IL will make
interesting reading. The residence OF
DR.. J. N. Upshur waa sold to Abraham
Hallstern at public auction for Sls.-
600. This was the house In which
General j. r. B. Stuart died There
were quite a number OF small indi-
vidual sales Of residence property re-
ported. No. a2A West Grace and No.
AIS West Marshall went under the
hammer at fair prices. and J. ID. Cook
a Company, made private sales or
homes on Hanover avenue. Floyd ave-
nue. and Allison street. J. A. Connei-
" A. Company were instrumental In
4 transfer OF property on Firm street,
near Main. but the details are not
ripe for publication.
There are two situations OF more
than usual interest TO the real es-
tate men--one is the question OF the
extension of the street car line De-
yond the fair grounds out the herm-
itage road and the extension on La
burnum avenue from the Hill monu-
ment to Chambers avenue. con-
ference OF intereste parties Was held
the past week on both propositions.
Several interesting questions VIII
come before the board of managers or
the Real Estate Exchange at the regu-
lar meeting Tuesday. Some time ago
the exchange adopted the rather
novel but valuable plan of of1ering
a reward of $40 for information lead
ing to the arrest of any person COM
uniting a depreciation upon properly
offered for rent by member OF tnat
organization Striking red cards were
printed ana nave peeIi Aufi"sHSu
members. which are posted alchg
with the For Rent" sigma Whie
the move has been Of signal WI 'ue to
the agents, there are still reports or
tdepredations on vacant property. and
III In likely that the managers or the
exchange will increase this reward TO
375.
s-The exchange is not idle" said
President o. H. Fursten yesterday.
awe ara still busy on these prob
lerns. which we have taken UP with
= view Of cleaning up the situation
for both the real estate men and
property owners OF Richmond. We
hone to be able TO secure favorable
action soon on the matter OF the la
bifity Of owners for, delinquent gas
and water bills, and the question or
the land grabber' will be looked after.
TOO. We shall put our legislative COM
mittes at work on plan to reform
the present statutes which viii de-
rnand personal service in the case OF
property advertised for taxes, and In
lttfute q .system that will ensure that
such property will be sold not solely
for taxes but for tho beneflt of the
boWner and at a fair price"
There has been no relaxation.
Aeither President Funsten stated. In
1.-THE matter OF the mortgage tar sta
stute. The Richmond exchange re-
tceivcd cheering encouragement the
mast week in tho shape of resolutions
adopted by the Norfolk exchange sup
porting II in the hight against this In
1Quitous tar, and 1t In proposed to car
~ the campaign against the law to q
successful conclusion. Il