The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-29
BUSINESS BETTER
THAN WAS EXPECTED
CONSERVATIVES REAL ESTATE
MEN SEE MARKED IMPROVE
NEWT IN SITUATION.
INQUIRIES ARE. MANY
DEMAND FROM NORTH AND WEST
FOR VIRGINIA FARMS HOLDS.
WEEKS TRANSACTION AP-
pRoxIMATE sl7s.cos.
INQUIRIES ARE. MANY

Though on the eve OF what ia
termed by real estate mon as usually
dull times, the holiday month of De-
Gem Der, activities in realty In Rich
mnnd and vicinity during the week
Just ended have been better than had
been expected. With holiday break
Ing into the middle of the weeks bust
ness. curtailing the period by ut least
a full day. there were indicated in the
deeds filed for record In the Offices
OF the court. transactions totaHng APP
proximately $4,000.
The month is regarded by the more
conservative real estate men of the
city as having been a good one, q bet
ter one than they had expected. There
have been filed nearly 500 papers In
the City Chancery Court, half hun
dred III the Southside court. and near
ly 200 In the Henrico court Though
the average of prices involved in the
deals has not been high, the larger
number OF sales than expected has
been gratifying.
Exceeds October Business.
II was stated yesterday afternoon
that there appears to have been some
loosening of money during the last
two weeks, and the renewal OF normal
conditions In business Is predicted for
the t1rst OF the year. The moral Of
feet on business of the establishment:
Of the Federal Reserve system. with
the Reserve Bank OF the Fifth District
In Richmond, has been Il good one. 1t
is stated
The volume OF business in real es-
tate during the drst twenty-eight days
of November has largely exceeded
that of the month of October.
There are many Inquiries being re-
ceived for both city and farm prop
critics, and number OF persons from
Northern and Eastern States are now
in this section to examine the lands
offered. Indications are that there
VIII be considerable more Northern
farm inquiry than had been looked
for.
Brings In New Money.
On account of conditions arising in
the United States because Of tho Euro
peAn war a number OF the more
thoughtful had felt that II would be
with difficulty that the farmer of the
North and West disposed of hts prop
erty. In practically every case In
which Northern farmer comes to
Virginia he finds it necessary to sell
his property there before coming
here. When deal is put through IT is
almost always on cash basis, and
new money Ii brought into this Sec
ton In addition to the new and desir-
able citizen.
Building activity during the last
month, according to present indica-
ton, viii exceed considerably that Of
q month ago. This is taken as another
sign OF an early return of. better busi-
ness conditions.
The next few weeks will be busy
ones for the merchants. on account OF
the Christmas buying. a little OF
which has already appeared. The
Christmas buyer will not find 50 much
time to think Of real estate, though
there will be the usual number OF
hGmeseekere and investors who see
the safety OF realty,
The business done during the COM
Ing month, when compared with that
Of December q year ago, should prove
a splendid sign Of conditions to be con !.
fronted in the near future.