The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-09-13
news OF REAL ESTATE
AND NOTES OF BUILDING
BUSINESS Little More Active-Some
Fake Deals in Swapping
Line.
DEALERS IN FESTIVE MOOD
AiIcged Real Estate Organ Badly OF
IN Its Conclusions-lsoon 81 Fake
Deal TO Hurt OF Trnde-Snlcs Con-
fined to Small Properties.

tho real estate business in Richmond
ana in the suburbs. which depend en-
trciy upon Richmond for tho financial
urc, is dif'l There is no kind OF oucs-
,'on about that There may be boosters
'p'u boomers who may sing. or try to
sihy' different song. but the fact
rcn:'tns that the business is dull Il
mas bcch dun FOR several weeks past
and there * now no let up in the dull
ness. Tho probability is that business
Is gong To stay that way fov some
little time To como.
Nt Is useless Ia enter into a discussion
81 the causes ana all tho like of tina;
Tor this dullncsS Tho cause max. he
tne European war. or it may be some
thing else. The only thing local people
are interested in is the fact that the
feal estate business is dull Very dull
or course. there arc SPECTATORS and
tractors who are trying with all of their
might to mako different impression
:tnd, as matter Of fact. they are spend
insy 4 good deal % real money ia at
irTnc!S am. count Cicril fees. IN order
10 make II appear that certain parts
OF lfchmond dirt is worth many times
more than the records will he rcspon-
Sibic FOR, but up 10 the present writing
they have not appeared with the evil
dencc. and have not been able TO fool
amy body to amy very alarming extent.
The real and actual sales reported
for the past week were. in the main
small, agsreguting less than $500. 00O
and all OF these sales were confined to
small residential properties, mostly in
the West END and out in the suburbs.
There were some large sales report
cd, but they were much on the fake
order. For instance it was announced
early In the week that r. l.. Barnes
had sold a most valuable property at
the corner of Eighth and Grace Streets
10 Washington capitalist for the
oil.
Mr.. Barnes said the figures should
have been around 100000 The
property that stands In this deal fronts
only twcnty-fect on Grace. and runs
back ninety-thrcc feet. At the very
highest valuation this property could
figure much over the hal:
$4,000 valuation. rs Sc; down in the
deed of conveyance And wei Tho
Daily Record. Il kind OF circular that
Is supposed 10 he the organ Of the
reai catate agents and ought to be at
leasl rcIldcie, Sloa;s over this fake and
M lis issue Of the 9th iuytan: calls
attention to the figures to prove that
rrop"rty in tina; region is selling read
ny Tor $500 per front foot. :: ncurc
Thai IS ridiculously absurd. One thou
Sahd dollar: per front foot. :l,@50 at
the extreme outside. would lie :, fancy
figure for properly in ina, region.
How does the Record get its per front
foot figure. The answer is plain
enough TO those who know the ropes.
which the Record seems to he ignorant
OF. The sale OF this property WAS no
sale at all. 1t was simply swapping
"t bad deals between ovcr-nnanced
spectators.
L; l.. liarncs swaDpcd this property
Ia l.. = Wolfe, OF Washington, for
some brickNard acreage on the out
skirts of the national capital valued
fancituliA for about tho same amount
That Barnes fancifully valued this
Eighth aud Grace street property
Nhc figures We're put away up yondcr
for reasons and purposes that real
estate agents very vel! understand
The Eighth and Grace Street property
figuring in the deal is not worth more
Than half Of the amount represented
In the decd and the misleading report
jn The so-callcd newspaper known AS
Tire Record. This kind OF misrcprc-
sensation on the court books and else
where has in the days gone by played
thunder With the real estate business
in this town, and IN q way has hurt
Tho business reputation Of real estate
AGENTS. Tho Real Estate Exchange,
which claims to stand fOr all kinds
ct righteousness ana goodness in the
veal estate business. might look into
.hiS ind OF fake business.