The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-22
SUMMER APATHY
IN REAL ESTATE
EXCESSIVELY WARM WEATHER
INITIATES AGAINST ANY GREAT
SHOW OF ACTIVITY.
FEW SALES REPORTED
POLITICAL CAMPAIGN AND TIGHT
MONEY MARKET ALSO BLAMED
FOR INERTIA-MARKET WILL
BE BRIGHT IN SPOTS.
FEW SALES REPORTED

According to weli-informed real
estate men the summer apathy has
already set In. with little prospect of
real and general activity until Sep
tember though occasional spasmodic
breaks in the situation are not to be
unexpected. The agitation of the an
nexation and union station PROPOSE
ti00s will aid In maintaining inter-
est, and IL either Is settled definitely
there will be something stirring that
would make the customary midsum-
mer dullness resemble plugged
dime.
The excessively warm weather the
past week. tho tight money market,
the rental season, and the distraction
of political campaign" said Mr..
Leroy f. Brown. of j. Thompson
Brown & Company. have all con-
tributed TO the quiet period. the In
auguration of the apathy that Rich
mond real estate experiences every
summer. Then. too, business men are
planning their summer vacations. and
by the hrst OF July great many or
them will be away at the mountains
and seashore seeking relief from the
heat OF the city and business cares,
80 there Is not apt 10 be much stirring
until the latter part of August. so far
as sales of moment are concerned.
Outlook Optimistic.
Mr.. Brown. always optimistic. how
ever. where Richmond real estate is
the topic of conversation. said: Bu1
II never gets really dull. YOU know
We all manage to keep busy and with
each succeeding year the volume OF
business increases. The midsummer
duilness. is not what 1t used 10 be
when I first went into business and
II Richmond keeps up the present
pace II will come to the pass that
none of Us will be able TO take any
vacations at all"
Brown & Company had an inter
esting auction sale OF the property al
the corner of Cary and Mulberry
streets There was 23T feet In the
parcel. which brought $500.
Green & Redd had several sue
cessful auction sales OF Church HUI
and suburban property at very sat
,sfactory prices Mr.. Green, while
recognizing the period Of summer
inertia, sees considerable activity In
smaller properties which he believes
will continue all summer. There Is
steady demand. he finds, for small
we'll located homes. especially In the
suburbs.
Suburban Property Active
Gibhoney & Nuchols are still md
ing suburban property active with
a good demand from home-seekers
They report sales OF number OF
lots in Washington Terrace, Norwood
and Henrico county. The real estate
department OF the Richmond Trust
and Savings company reports consid-
erahie activity IN Bellevue Park prop
erty. which found ready buyers the
past week
OF interest TO builders Is the an
nouncement that the plans for the
new Sycamore apartments to be erect
ed in Petersburg are now on the mar
ket. The bids will he opened at the
offces of A. Shepherd & Charles X
Bryant, the architects of the build
ing on June soth. This Is to be one
Of the handsomest apartment houses
IN the State. and there Is considerable
interest in the award of the contract
Generally speaking there Is very
little doing in the building line al
present