The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-11-09
Money More Plentiful.
Business Is Better and
Optimists on Top.
MANY GOOD SALES;
MORE ARE PENDING
Brightness All Along the Real
Estate Line-Agents Smiling.
Spectators Getting Busy.
Bankers Loosening Up.
Money Is Easier-In-
creased Inquiry.

All of this talk about the continued
dullness in tho real estate realm is now
about over. Things are looking up in
a fine. large degree. Every real estate
agent In the city has become within
tie last few days an optiruist. Even
tho spccula tors and short-term inves-
tors are wreathed in smiles. and with
the financial situation getting alto
Ecther easy, none of us are harping any
longer about dull times. The dullness
has disappeared. just you see that
fog that was hanging over the whole
city this morning disappearing before
the bright sun so the siowness ard the
dullneag in the real estate line is get
ting away under the rays OF the
brighter financial suns"
Thus spoke real estate man to the
man of news yesterday morning and
he was a well-posted agent, too. even
II he was a little poetcal. Further
more, his bright story WIS corrcbo-
rated by ninc out Of ton of the sixty
odd agents interviewed Yesterday All
OF the agents. from the extreme limits
down on Main street. all along Tenth
aud Eleventh Streets. and up to and
along Eighth and Seventh Streets.
agreed fully with the agent who had
first GO at the man OF news
More Good Buainesn.
From all quarters there come GOOD
reports of business done within tho
past week and bright prospects OF
much better things yet to be done. AS
"a the business OF the past week. lam
told that the sales OF residence proper-
ties In the suburbs were unexpectedlv
large. 1t would be too long a story 10
so into details. but to sum the whole
matter up. not less than 100000
changed hands last week for suburban
properties. and the most or the buyera
amonG the buyers were few investors
and spectators. but that only proves
that there Is faith in the old land vet.
ana that money is getting easier Tor In
restment purposes.
There was especial activity In Roland
fark, the new suburb to the north OF
inc city. The agents report activa
building in that suburb, four-fifths or
me BUYERS SO far being homo builders.
VINO nave already contracted for home
houses to suit. Roland Park Is near to
the centre or the city. as It will no
when annexation takes effect If e avao.
does. being located on the Brool<land
lark Boulevard. close to Glnter Parle
out at Colonial Place there was also
huch activity. The agents who are
hanuilng Section 9 OF that delightful
rural region tell me that thew soId
more than dozen lots last week and
mat every buyer is n home builder.
w nile the selling terms are very easv
10 inc buyer, majority OF those Of
iast week preferred the cash proposI
tlon' SO That they might go at once to
building.
Doinss Right In Town.
Downtown" there was n,uoh ba+.
business all the week Several OF the
large agencies repor sales that in tha
aggregate run into q many thousands
OF collars, but az took many small
t ,i' 10 make 50 good an aggregate,
rnf
one Arm that refused to go into mar
ucuiars told me. by way OF illustra
uoh' that his shop had done business
10 tho amount OF $4,000. He admitted
however, that In the deals there was
good deal OF trading and swanninp
pu', as lie truly argued. this kind Of
business shows that things are get
UhS PACK TO normal In this trading
ana swapping both business and resi-
Dental properties were involved. a..
was also some vacant property. The
"holc thing simply shows that there Is
more activity than has been recorded
"ithln me past several weeks. for when
people get ready to trade they are very
near 10 being ready to buy and to in
vest and to speculate
Another concern told me in strict
est confidence or $50, 900 of business
mat the concern had done. but as the
maj papers had not been signed ond
recorded. particulars We're nccessarilv
in the vocative
The Reason for 1t.
Numerous other people tell OF re-
newed activity. OF more inquiry md
more offers for eligible properties and
all tho like OF that. all of which means
that tho dun season IS about AZ on
end. and from now on activity in ths
real estate market may be looked for.
ana there is n reason for IT, u is
SIMPLY this; The banks and the money
lenders have decided that there IS no
longer any sense In holding tho purse
strings down tight. Money is plen,l
iul. one OF the best informed among
the real estate men told me YESTERDAY
that the so-called money tightness"
Is thing OF tho past. in so far as II
refers to real estate
Said he: You can put 1t in yonr
Pipe and smoke ii ana YOU can publish
II 10 the world Richmond real estate
security can get ali of the monev
coming 10 IT," BY way OF proving
what he said this real estate man. who
is also connected officially with ~
least one very strong bank. showed
me some dNtn 70 prove that people
having paper falling duo on real es
tate loans were having no dlficultv
in getting said loans re
newed. and said he only a month
ago these same people were frightened
almost out OF their boots lest they
could not get renewals after small
and might be sold out"
building Operations.
The sum and substance OF the whole
situation il that the money market
IS easier than IL has been for six
months or more past. and the conse-
luent dullncss IN the real estate mar
ket is how thing OF the past or ia
9. 10, ~ - ~
%co!1 or two for the agents and the
buyers and the sellers and the In.
'cstors and tho spcculators to got reg
ilated down 60 the new order OF things
hut on the whole the dark days ars
Continued on Sixth Page)