The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-01-12

THE OUTLOOK IS GOOD

Though inquiries continue to be
aEuring, money a little easier and
the prospects decidedly bright tho
local real estate market did uoL re-
cover from the reaction Of tho holi-
days the past week. as the agents
had SO optimistically anticipated. All
/ of them mad d busy week, as weeks
go, but there was comparatively lit
tie new business done, and the word
comparatively is used adgisedly. A
number of the larger concerns were
! still busy with Office work, cleaning
| up the big business that characterized
the rush of the ante-holiday season
and found little time to devote to
seeking new business All, big and
small, were optimistic and declined
to amend the view expressed last
week to the effect that the year
promises to be the test in the his
tory of the local real estate world
TO date. and they ali adhere to- the
came reasons for the faith that is in
them--the good inquiries and
loosening of hitherto tight money
market
Inquiries Good.
The inquiries are not confined to
any particular section, but are gen
eral, bearing out the optimistic out
look of the agents. January is the
dividend month and real estate men
believe that there viii be a marked
revival Of activity in real estate when
this money gets in circulation. for
many Of the inquiries come from the
folks VINO are in the diyidend-dra
ing class. There is little question
in the minds Of the men who know
about the continued development Of
the West End, particularly around
the Boulevard and in the neiRhbor-
hood OF the Battle Abbey, and most
Of the stuff that is changing hands
in that section rs bought for the
purposes Of permanent Improvement.
and the classes Of Improvement that
makes for q more ornate Richmond.
The opening OF Fifteenth street means
the rapid development of the rail-
road bottom" with business structures
Of the warehouse class. and certain
projected Developments III The WY
Of big Office buildings spells much in
tho matter Of the permanent inn
provement Of the Main street bust
ness section. These things are not
only on paper--the men behind them
mean business, but big projects are
necessarily slow in coming 70 a
focus.
Some Who Hustled.
Goisan & Nash was one OF the very
few concerns that did not find holt
day reaction handicap the past
week, and believing a little quiet
hustle better than q patient wait"
put over what was perhaps the best
business of the week locally,
This firm reports the sale Of seven
teen lots in Washington Terraee--the
desfra BILE home building sec-on just
across the river, which Ia Just now
astonishing the natives In the mat
ter of rapid deyelopmeut-whic
Melted over $4,000. and two Grace
street hens, east of Adams street.
which invnlved "a financial cons;dera-
ton amounting TO $4,000. A big
timber tract in Nelson county, which
brought s20.oo0 footed up for the
firm in round numbers business rep
resenting about $4,000 in cold cash.
The BowIes e Jones Co, while still
busy with clearing up process. put
over some good transfers OF Church
Fiin property, and also sold Ma, 2506
Stuart avenue.
w. NJ Miller & Co. report the
sale of an East Main street store for
s6,500; Chain street lots. which
brought $1,000, and Church Am
property sgEregating 5000.
Robinson & Phillips have under
gone the unpleasant task OF moving
the past week. but are now formally
installed in their new offices on Frank
lin street Just around the corner from
Eighth, and with good inquiries ex-
pect to make a killing" the coming