The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-17
Condition Of Richmond
Market Is Marked by
Extreme Lassitude.
LOCAL DEALERS
ARE OPTIMISTIC
Practically No Sales That
Amount to Anything Consum-
mated During Past Week,
August Living Up to It's
Reputation of Being >t
Dull Month.

| While extreme lasstude marked the
condition of the Richmond realty
market last week. general spirit Of
/ optimism horers over the local dealers
be they large or small. With no deals
Iof consequence to report. they are APP
parently buoyed up by the hopeful signs
/ that none but real estate operators
can scent. and an air or expectancy how
ers over the entire market.
August-even dull month--has lived
| up TO Its reputation so far. Many OF
the wise ones have pulled away for n
breathing spell while the breathing, is
good. and as they lay on their. backs
! on the white sands OF the seaside re-
!, sort which is favored with their pres
encc. they dreanily map out subdivis-
ions on the broad Atlantic. others are
! frustrating far from the madding
crowds while the hilltops of Tie Blue
Ridge echu with the daily rehearsals
OF others who are preparing for an
| energetic winter.
| OF more than a dozen Of the big
dealers visited yesterday, 10 figures
that would form a basis on which to
estimate the weeks sales were avail
able. and the superstition is that no
sales that amounted to anything had
been pulled or. Indeed. the majority
OF the dirt statesmen readily admitted
that there WAS nothing doing" al
though great predictions for the flu
turc were made.
ON the other side OF the counter. the
office men wore broad smile. Rich
mond's annual hop. skip and jump has
kept the rental departments busy, and
there are few houses listed. The con-
diton il much better than usual at this
time OF the year-especially with the
large number OF dwellings that have
been erected In the past twelve months.
slump In building.
richmond. in common with large
number OF cities throughout the coun-
! try, is now suffering 4 slump in build
ing operations. but. while the decline
is marked. an analysis shows that the
permits for dwellings and repairs Is
not far below normal. Suburban prop
crty is receiving the greatest atten-
ton. many houses going mp in Ginter
Park, Woodland Heights. Highland
Park and TO the west.
Money is reported by several dealers
to be- tight, while others assert that
they have plenty 10 put out on legiti-
mate prospects. Spectators have APP
parenuy gone into a hole and pulled
the hole in after them, rs few purely
speculative deals have been consum-
mated recently but with the cash
easing up. il is expected that there will
hc an awakening. Money on small
realty. from $4,000 TO $4,000 is said by
several operators TO be had without
difficulty
The only tangible deal that has been
reported during the week is the sale
of twenty acres Of Henrico property,
which was sold iii -four blocks of five
acres each for n total OF $4,000. The
property is located two miles west OF
the corporate limits on Broad Street
Road ana Is traversed by Monument
Avenue The sale was made through
l.. Il. Schomhurg.
Cover X Smith while unable TO cite
any large sales, are in receipt OF many
inquiries, and find general conditions
as good could be expected ut this
season. They report n great Develop
mcnt IT l.aburnum and Bryan Park,
where several large dwellings are now
under construction. II is reported that
another large subdivision near Bryan
Park would soon be put on the market.
Numerous small deals are reported By
Amos X Company. but none Of any con-
sequence. Small city and suburban
homes seem TO be in demand This
hui,ling firm is anticipating good bust
ness--in fact. have several prospects In
view. and expect things TO loosen up
In the near future.
Suburban property and mediums
priced dwellings on Church Hin and
Clay Street are found by J. \. Connolly <,
x Co. TO be the best thing in the market
at present. Like their brethren on
Main Street. no sales OF size have been
made
Gibbony & Nuckois promise good
things in che way OF city property
next week. Yesterday they annnuncef
that they expect 20 consummate = deaf
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