The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-11-09
BETTER TONE IS
SHOWN IN REAL
ESTATE MARKET
Agents Express the Belief I hat
Normal Conditions Have
Been Restored and are
Optimistic.
Look for Better Business From
Now on. Boom in Suburban
Development Will Follow
Upon Consummahon of An
neXauOn.

The local real estate market is look
ing up. There was decidedly moro
hopeful tone last week, a greater
number of transfers recorded than
have been noted in some time, and
the Weekend found agents generally
optimistic of the future.
The Progress man found general
expression Of opinion that conditions
were again normal. and that the
agents had settled down in earnest to
Dc an active business after an unusual
period Of inactivity. The reason for
this inactivity is known Of all men
the tariff ANA currency legislation have
not upset business. but have kept 1t
on the qut Vlve, SO to speak. The
condition Is NOT lucul--it exists all over
the country. II has made money tight
because lenders have been somewhat
wary. As st result borrowers--the
spectators. for instance--hav crawl
ed in their holes and awaited Develop
ments One can hold out as long
as the other. Further result--the
lender. not finding the borrower over
alx.Uus for loans, is coming out OK
his shell and cautiously making adj
vances-fiirt.ug with the borrower.
Money was easier last week, greater
number of loans noted, and the fact
that confidence is fully restored and
things about TO resume normal sway
was evident
As staple rs Gold,
So far as Richmond real estate Is
concerned, il is staple as the gold
upon which Uncle Sam stamps his
mark at the mint. There has been no de
preston of prices; no panic; no scare
Of any kind-jusi simply a sitting still
in the boat awaiting developments In
Il condition Of uncertainty which has
.Esg -rfsp .ta nj try n "a whole and
has upset business In other Southern
cites vastly more than 1t has in Rich
mond In fact. Richmond has pur-
sued tae even tenor Of IT'S way, with
every line of trade showing increasing
prosperity. Manufacturers, iobbers
and retailers have all the business they
can do and when everybody Is BUSY
everybody is happy, Travelling men
out ~ Richmond report heavy sales,
as their orders show. SO II must dawn
upon the pessimist that at the pres
emit time the whole South is enjoy
ing a great period OF prosperity.
Annexation Will Help.
But "a return 70 real estate: one To-
cal feature, which real estate agents
say has heen a factor in suburban de-
vclopment, is che annexation matter
There was some DISAPPOINTMENT that
Il did not get through council last
week, but there was a general feel
ing If optimism and the belief was
freely express that it would 80
through TUESDAY nieht without trout
bile. Settlement Of this vexed ques-
ton will give added impetus to the
suburban properties,
As an index to the better UNDER
tone Richeson & Crutchheld report
ed last week ono deal amounting 20
s52, 600 involving trades in business
and residential property, and sales
amounting 10 S3650.
Bowles & Jones list of sales. too,
was a barometer of the better bust
ness They report tho sale of i60
feet at Mulberry and Main streets for
50 500: fats m Grove avenue rear
Roland for s25o0; house on Plum
street and 60 feet on Hanover avenue.
$1,000; two residences on Grove ave-
nue. $4,000,