The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-15
Indications Strong That Turn
ing Point in Dull Bust
ness Period Is Here.
GOOD FARM DEAL Is
MADE NEAR RICHMOND.
Minnesota Farmer Gets Nc
Cloud Farm on Mechanics
Vile Turnpike = Numerous
Large Deals Under Way.

a larger activity in local real estate
circles during the week has brought
into the Offices Of TIE clerks of tho
/ courts here, on the Southside and in
Henrico County papers for record
showing. both ir number OF deals and
in the aggregate OF amounts involved.
that the turning point from dull bust
ness toward normal conditions has
about been reached, A number of the
transactions closed during the week
are of the larger variety. while tne
ordinary number OF sales OF the aver
age size has been noted
with the opening Monday morning
Of the Regional Reserve Bank system,
with the reserve bank Of the Fifth
District located here, business condi-
tons generally will be improved. 1t il
promised, through the effect Of vae
operation Of the new institution on
money. Money generally will loosen
up, almost from the start and one
on the causes of poor business In real
estate, tight money" will shortly be
eliminated
In anticipation OF the opening OF
the Reserve Bank and the relieving
~ the money situation investors in
home or business or farm properties
have been turning loose some Of theip>
available coin, and it has been going
into land
Good Farm Sale Is Made.
one Of the Interesting transa ctions
OF the week that has gone to record
Is the transfer OF the McCloud farm
on the Mechanicsville Turnpike, about
four miles from Richmond. The pur-
chaser Is II. O. Hase, who for many
years has been a prominent Minnesota
farmer. The deal was handled by
George T. Taft & Co, and the con-
slderation was about $4,000. Mr..
Hase was attracted to Virginia be-
| cause of the more favorable climate
and improved conditions which exist
in this State. He will take possession
or the farm within the next two
weeks, Il is expected and will begin
! the actual operation of the property
as stock and dairy farm.
The property IS a part OF the fam.
Gus Old Milan farm, Maplewood. 1t
consists of 2s7 acres and Is well To-
Gated river land. With the farm Mr..
Hase bought about a hundred OF cat
tie, which Will serve as the nucleus Of
extensive operations which he will de-
velop- On the land are several build
ings, including a residence, several
! ffoored dairy barn, sixty by twelve
/ feet, 240-ton silo, and a large horse
barn.
Mr.. Hase is one Of many Of the
farmers of the West and Northwest
who are turning toward Virginia for
the future. The splendid results tliaA
have been returned to the Virginia
farmer are SUCH as to convince thu
man with a clear vision that the aRrf.
Z or Cta ~ts ,Sci,.r
In Virginia are greater than are the
opportunities offered In tho less fav-
ored North and West
lnouiring Is Active.
Farm inquiry continues active ana
farmers from other States are In Rich
mond investigating the properties now
prrchasable. The demand for loans
Is holding good and there appears
/ Frightening of prospects for tSaosc
handling city property. Numerous
deals are pending and the negotiations
, eliminating in sales during the next
few weeks. in a number OF caaes
will prove OF considerable size
The transactions recorded SO far
during the present month indicate
that the total for the month will
largely exceed the aggregate OF
deals recorded in November. 1919.
During the first two weeks Of thfa
month there have been fled about
three hundred deeds .; bargain ana
sale in the Richmond Chancery Court.
about twenty in the Southside Court
and about ITO in Henrico County.
The total value of property chang
ing hands In the last six days ID Ap-
proximately $4,000.
The effects OF annexation are al
ready being felt in realty circles. Tho
demand for the last week. because OF
extension of city improvements 10
come SHORTLY to the new sections OF
Richmond, has been gratifying and
the property holders are finding A.
! ready that their holdings have been
enhanced in value
The period OF depression which has
held for seveeal months and which
has affected real estate as well N
other business, II not quite to tha
same extent, appears to be near. II not
quite at its end.