The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-11
More Animation in the
Realty Market, and
Outlook Brighter.
GREATER INQUIRY;
SUGGESTIVE SALES
The Day of Wild Speculation and
the Plunging of Boosters Has
Passed for Good-No More
Trading and Swapping.
Legitimate" Business
Shows Improvement.

There can be no 0ouDt or tile Iact
that there Is much better feeling
in real estate circles than there was
before the holidays and, indeed, better
than there has been for six months
and more AS predicted in these col
umns some time ago and on several
occasions, the settlement of the cur
rency question and the tariff question
and some other questions that were
calculated, while in unsettled state, to
make people deal with unusual and
perhaps unnecessary caution, has
proven the beginning OF what may be
termed resumption Of business In the
real estate realm.
All of the agents report more in
quiry, greater activity among both sell
crs and investors, and GONE other signs
making the outlook brighter than IT
has been for many months. Be il un-
derstood. none of tho agents are look
ing for any rush OF speculative bust
ness. for az q matter Of fact they are
ALI OF tho opinion that IL will be long
time, IL ever, before Richmond will
again see the trading and swapping
and wild plunging on the part of
simon-pure spectators that character
lied the market in more or less recent
months. and 1t is perhaps we'll that
kind Of thing is over for good. But,
properly located Richmond dirt, In the
business sections, in the residential
Investment any day in the year. and
with the continued growth of the
city in commercial importance and in
population IL is safe enough invest
ment for proht In the future, but
there is to be no moro wild speculation
and boosting OF values TO make quick
profts.
The Proof OF the Pudding.
There is property, and good deal OF
it on the market and there arc men
49, ,,,N
or hold 1t for o legitimate profit in
the course of time as the case may be.
but there Is not now here. and probably
viii not be again for a mighty long
time any pickings for boomers" aud
speculative boosters. either in bust
ness properties or suburban prospects
There were some good sales last
week that 20 a long way to prove the
above diagnosis OF the case. Mum
hers OF agents report sales. on the
small order. OF residential property In
all parts OF the city and out in the
suburban settlements. Some of these
sales reached the $4,000 mark. and
number from that down 10 $1,000
There was much inquiry for business
property and several fairly large deals
were closed or practically closed. the
particulars of which are vet withheld.
Pollard & Basby sold No. 4ol West
Broad Street. valuable store build
ing TO Wallace C. Saunders for s42,-
500. Mr.. Saunders already occupies
the building, using a part OF 1t as
drug store.
] ID Carneal & Son sold the Allen
Avenue apartments TO James ID Car
neal for $4,000 The property was
formerly owned by w. j. Gilman. This
frIn also sold the Temple stables prop
crty, on Jefferson Street. between Broad
and Grace w Gilman was the pur-
chaser, and il is said that Mr.. Gill
man will at once proceed 10 pull down
the famous old stables and erect two
magnificent stores OF three stories on
the property. These be some of the
signs which go to show which way the
winds are beginning to blow.
There is noticeable more activity In
the suburbs. and several of the agents
report sales of residential properties
in the regions that are ere long to
come under the annexation string
Builders and Contractors Cheerful.
'fhe town of Ginter Park that in all
probability will be within the cor
porate limits of Richmond before next
taxpaying time, has acquired two
parks. One is an entire block, bounded
by Chamberlain. Hawthorne and
Maplewood Avenue and Myrtle Place.
The other is at the corner of Cham
berlayne Avenue and Brookland Park.
1T Is understood that the town authori-
ties will proceed Immediately to make
these parks inviting and attractive for
the benefit OF the citizens and property
owners of the place.
Considerable building is going on in
Gintcr Park. The handsome residence
OF Dr. r. II. Beadles on Seminary Ave-
nue., near Bellevlew, is progressing
rapidly, and several other beautiful
homes are going up.
Tho builders and contractors OF the
city report Improvement In business.
and more inquiry about plans and speci-
fcations on the part of wouid-be and
a..
been able to notice for some months
past
Real Estate Exchange Active.
The Real Estate Exchange proposes
to apply to the City Council for the
appointment and maintenance of two
motorcycle policemen to do special duty
in the way of protecting vacant prop
crty in the city from vandalism. II is
said that the depredations on vacant
houses and lots are getting to be some
thing awful. Thieves break into empty
houses and rob them of pipes and other
furnishings, and fencings and other
properties on vacant lots are being
constantly stolen or destroyed In pure
wontoness. The officers os the ex-
change claim that the real estate own
crs of the city represent S90,000.000 of
property. and they claim that they are
entitled to this protection.
President Funston, of the exchange,
backed the man of news up in the
corner and said: Tho Real Estate Elk
change Is not DESTROYS to nntagonize
anything or anybody, but it and nil
of it's members, IL am correctly in.
formed, will always fight for clean
and spotless city. To that end we
will oppose the enforcement of the
ordinance as recently amended by the
Council, whereby 1t Is proposed to Som-
pol the owners OF public buildings and
apartment houses to remove their own
refuse. ashes. etc, and take that work
Oft the hands of the street Cleaning
Department 1t is not the expense to