The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-08
Money Is Plentiful and
Buyers Active Agents
Are in Fine Humor.
BUSINESS SITES;
MANY HOME PLACES
Sales of Past Week Take In Both
Observation-Disclosures Agents
Are Holding Back Particu-
lars, but All Smile and
Brag of Better rs
Business.

Business.
1t is quite likely that the real es4
tate agents OF Richmond and all of
the other fellows who are interested in
one way and another in the real estITc
market have not felt quite SO good IN
mt least two years past as they are
ROW feeling. That is the way one of
the profession talked to me the other
day, and when asked for an explana-
ton he said: You know the real
estate business has been for some
limo past in a rather tied up condi-
Ton. There was all kinds OF laIIsN
ap"ct tight money, and tia disposition
10 await the action OF Congress OIL tile
tariff bin and the financial bills ana
an OF the things that were before
congress affecting business. And then
came little scare of one kind and
another about what the Legislature OF
Virginia might do In the way of maxi
Ing new laws as to taxes and mort
gage fees and income taxes and all
tho like OF that All OF these things
Kept real estate investors on the nervZ
Gus line am sure that / do not
Know why II should have done so, but
the fact is. that It did. But, be all
or that as il may the fact now re-
mains that while these discussions
were going on Richmond dirt remained
hrm. and there was no deterioration In
values.
Now all of this discussion ia abort
at an end and we are getting bacic
TO first principles, and business is net
ting lively in the real estate realm OF
Richmond and all OF the surrounds
ing country"
Insier Money.
Another agent who gave the man OF
news portion OF his time Yesterday
morning said: AS far as l can learn
money for Investment in real estate
Is getting very easy.
Il have heard OF several home buy
ers who six or eight months ago
could not borrow a dollar for building
purposes. no matter how great the Sc
curity. who now report that they can
gef an OF the money they want and
the banks that turned them down sew
erai months ago are now looking for
them" Yes, money is easier and bust
ness Is better
Many representatives among the
real estate agencies greeted the man
of news with broad smiles. and with
splendid accounts OF the way thar
business is getting back to normal and
also forging on to the boom propor-
lions, but these same smiling gentle
men, when questioned closely as TO
particulars and details. shut their lips
down after the manner of the OYSTER
ana were exceedingly short and De-
cidedly brief as TO details and par
ticulars.
Nevertheless, an dthrough all of this
KIND or reticence | gather few facts
INA, AT least seem to encourage the
idea expressed that there Is something
doing In the old land yet
Cases In Point.
For instance. j. D. Carneal e Son arc
reported TO have made deal durinc.
the past week that foots up something
IKE $4,000 and the deal takes in n
cash sale OF business property that ia
worth every cent named in the above
tgures, and yet when the Carneal peo-
say word about 1t all. The senior
member OF the concern. and a fine gem
tleman he is, merely smiled and said.
II do not consider n deal closed until
the money has been passed and the
ueed has been signed"
But all the same. this deal has prac.
tically been closed, and only the fin.
ishins touches that Mr.. Carneal is 50
particular about, remain to be put on
and they Will be put on all right
Another case: Fl. Seldom Taylor s.
Son made a good sale of business prop
erty down on East Main Street that
footed up more than $4,000. but be-
cause the final finishing touches had
not been put on the deal, the elder
member of the firm refused to give
the interesting particulars In the
course OF the conversation, however.
IT leaked out that this same firm sold
last week Grace Street residence. for
which they received $4,000. Taylor.
senior. admitted that these two sales
and several smaller ones the firm had
made proved that business Is getting
much better than 1t was a few weeks
ago.
Other Large Deals.
The Charles a Rose Company also
made Mt least one big sale during the
week, about which they are very reti-
cent. IL leaks out. however, that tt
footed up something more than $4,000.
Connolly & Co, also put over right
sizeable deal Of business property. and
two or three home lots, about which
they will not tell particulars.
j. Thompson Brown & Co. sold more
than $4,000 of property, but the MEM
bers Of the concern say they would
rather not tell anything Just now.
Pollard & Bacby admit sales to the
amount OF $4,000. and all they Will
tell about them is that they were con-
fined almost entirely TO building lots
In various parts of the city.
All OF the agents smile and hint as 4
some sales, but refuse to tell par
ticulars.
There is an awakening in suburban
and subdivision properties and many
OF the agencies say they are doing
some business along these lines.
New Subdivision.
Rupert & Co. have put on the market
the subdivision known as Rosalie. and
they say they have had fine success
within the last week In disposing OF
lots there, Resale Is away out from
South Richmond, on tile Petersburg Gag
line. fully five miles from the city
limits. Il has been cut up into what
May be called little farms With 100 4
feet frontage, and running back into
good timber land. covering something Is
like 1.So0 feet 1t Is a good showing i
for people who want to raise chickens
or who want to make summer home.
While several lots have already bensfs Z:
sold. tho actual sale win not begin q
until February 1eth. .ssss