The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-10
No Great Rushing Business and
No Stagnation in Good Rich
mond Property.
STORY OF BOOKS OF RECORD
Transactions in City and Sub
urban Dirt Numerous Enough,
but Small in Dollars.

alton all the time 1t may be said that
for the past week there was no rush
ing business In tho real estate realm,
either within the city limits or out in
the suburbs or even in the far country
where sales and deals. when there are
any, are confined to farm land. The
real estate market is quiet. but by
no means gtaEnant. The court records
show that II Is no. and that all OF
the agents doing some business.
These records show thht from Mon
day morning UP to Friday afternoon
1G7 deeds were placed upon record In
the Chancery Court of the city of
+ edmond. In the court of Henrico
County. whore all of the deeds to gu
burban property on the north side OF
the river are recorded, ninety were
placed upon the books. and about the
sume number went 70 record in Fart
H., OF the Hastings Court in South
Richmond. All OF these deeds do not
represent sales Of realty. but a large
majority OF them do.
FIGURES SHOW TIE
INDIVIDUAL VALUES WE'RE. SMALL
The records further show. when the
tax ASSIGNMENT on them are laborious-
l. figured out. that but very few OF
the deeds represent sales that amount
to over 5000 or $1,000. Perhaps
the average was about $4,000. Thus
II may pc seen, after practicinE 4
little In mathematics, that The sales
for the week. while numerous enough.
footed up but "A little more than SIl0,-
900. OF course, there were some sales
made that the clerks Of the courts
had not heard from by FRIDAY might
last, aud there were numbers OF trans
actions partially agreed upon. and
o;her numbers hung upon the string
for future development And SO, on
the whole IL cannot be said thnt the
real estate market Is stagnant or even
especially dull.
There. may have been some deals on
The larger order that have not yet
reached the deed recording stage. but
81 there wer. the agents interviewed
did not tell about them.
Julian G. Anderson * Co. who make
81 specially OF suburban property. re-
por; some activity In that line. They
sold the tract o: land just north Of
the city, Known as the Darlington
property, which brought nearly Sl.5cO
AN acre: "A home in Ginter Park, and
some twenty odd scattering lots in Ro.
laud Park. G!nter Park and Battery
Court. They have secured tho sales
:rency for the isrightwood property.
which ia located the Brookland
lark boulevard, between North and
Chanlberinyne Avenues and expect TO
have big sale day within n week or
ten days.
Hardin *. Bache. n weli-known real
estate man, Is now with Anderson l.
SOME ACTIVITY AMONG
BUILDERS OF MODEST HOMES
The contractors and house builders
report building operations fairly nc
tive. II Is true that nobody Is max
ing contracts for the erection OF sky
Scrapcrs Of any other kinds OF very
costly business houses. but the home
builders are comforting with the con-
tractors about work now going on. and
about contracts for homes to be built
this spring and summer I'm various
parts of the city and In the suburbs,
especially the latter. In all of the
suburbs the sound OF hammer and
saw is being heard in every direction
AS evidence OF this activity in small
home building. one Of the leading real
estate agents tells me that during the
week he was kept very busy making
loans 10 home builders on realty Sc
curity. His loans for the week, he
said were close to $4,000, and varied
In amount from $3.50 for repair work
TO $4,000 for much more extensive
building.
MORTGA TAX AND
FEES MUST COME DOWN
The Richmond Real Estate Exchange
IS continuing its activity In the good
work Of getting the tan on mortgages
and deeds reduced to what is consid-
cred the proper figure. 1t will be
remembered that bill, inspired by
the exchange. providing for this
form was introduced In the last Legis-
laturc, but was referred by that aggrA-
cation of wisdom and statesmanship
to, the state Tax Commission, which
had just then been provided for BY
Act Of Assembly. The commission is
now hard at work. and real estate men
and exchanges In all parts of the coun-
try are interested In that work. Sec
rotary Boykin, of the Richmond EN-
change, Is daily receiving letters OF
inquiry about IT.
In this connection letter just
ceived by the Secretary from C. f.
Laugh1in. OF Cleveland, O., the chair
man OF the taxation committee of the
National Association of Real Estate
Exchanges. will prove interesting.
STATES CHARGING ONE
HALF OF 1 PER CENT
The letter was in answer to one
written 10 the chairman by Secretary
BoNkin. 1t is as follows:
To answer your inquiry in full
would involve the preparation OF quito
comprehensive table, but I might
say in general that the following
States have laws which exempt mort
cages from taxation, except in so far
as recording tax is concerned: New
York. Massachusetts. Connecticut,
Michigan, Colorado. Wisconsin. Kansas.
Delaware. Florida, Idaho, Louisiana,
Minnesota. Maine. New Jersey, Okla
homa. Utah, West Virginia and Wash
ineton.
There Is some variety as 20 the
amount of recording fee in these va
rious states, but In most instances
the fee is one-half OF 1 per cont. In
New Hampshire and Vermont they have
law which exemrts from taxation
all mortgages bearing interest Mt S
per cent or less. In number Of other
States tho question Is being actively
aSitated and we feel very confident
that this reform Will he Endorsed Into
MI Of tho States in very few years.
Thcro AFRO many States where Il is
necessary to haYo an amendment to the
Constitution In order to permit OF
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