The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-18
REAL ESTATE AND
BUILDING NE VS.
Cheerful Lot of Agents Looking
Forward to Better Bust
ness Just Ahead.
MORE INQUIRY AND SALES
No Slump in Real Values.
Everybody in Favor Of Mort
gage Tax Bill.

The cheerful feeling In real estate
circles continues without abatement
and all OF the agents are agreed that
the Increased inquiry, and the renewed
interest inventors are taking In the
AFFAIRS Of the world, point to very
active business In the not far distant
future. The once famous "string" on
which most real estate deals have to
hang for n while before contamination
has again come into play. and numbers
OF the agents report that It ia getting
fairly well filled with prospective deals
that are liable to ripen before many
moons shall fill and wans and como
again.
In the meantime small sales arc be-
ing made here. there and everywhere
about town and out In the suburbs.
several OF the agencies report small
sales that aggregated In each case
more than $4,000, and many more tell
or transactions footing up less
amount. Two or three spoke of single
sales that ran over the $4,000 mark.
buHineas Property Looking Up.
j. Thompson Brown & Co. n. w.
Bowe & Sons. ]. T. Carueal & Son. oih.
pony Nuckols. III. Seldom Taylor &,
son, Amos & Co. and others report
quite number of inquiries for prom
erty suitably located for new business
enterprises. and they hope to do some
business along these lines In a yerv
short while
j. Thompson Brown & Co. say they
nave on the string and very close to
contamination two deals for sites for
largo manufacturing enterprises. ono
or which will result they think, in
the introduction OF an entirely new
commodity to be manufactured on a
large scale In this city. The other is
Tor the enlargement OF an already
prosperous plant prominently identi-
ned with the manufacturing Interest,".
OF Richmond. This firm has tust dis
posed or the Broad Street store No.
427 West Broad Street. corner OF Henry
Street. to G. IT. Smith. who will open
UP drug store there Mr. Smith Is
former Richmonder. who for several
years past has been successfully doine
business In the wide-awake town OF
South Hill. down in NIecklenburg
County.
Mooreneld & Blake were IN very
cheerful humor as they told OF nearly
100000 Of sales they have made in tho
Inst three weeks. These sales were
mainly Of residential properties in va
rious parts Of the city, but largely In
the West End.
No slump to Be Found.
Amos e Company report the sale
Church Hill. and also property In Full
ton upon which q manufacturing in
dustry Is soon to spring up.
Thoro Is, so the agents sny. active
demand for small farm property close
to Richmond. They say they have no
trouble selling farms convenient to tho
city OF from twenty-five to fifty acres
in sizo.
The figures at which tho properties
that have been disposed of were sold
show conclusively that there hns been
no slump In real estate a prominent
agent said to mo yesterday: "a party
having in hand $4,000 of fduciary
money and wishing to invest/lt In real
estate and having Judged from the np-
parent dizziness of the past several
months that there Ind been somewhat
of slump. called on me. looking for
a 'slumped' bargain. / didn't have any
OF that kind, but at the request OF
the party. went out to look for what
was wanted. 1 visited quito num-
Der OF agents and property holders who
wanted to sell. and I utterly failed to
find what my friend was looking for"
Exchange After the Boosters.
AT the recent meeting OF tho Rich
mond Real Estate Exchange the sub
Ject OF occasional fictitious values be-
Ing placed upon certain real estate
was discussed. and Ii. was
voted that this practice ought to be
tho considerations In the deeds showed
increases In values. which
tended to impair confidence In real
estate. and such transfers as were re-
corded and the taxes paid on the deeds
did nto really show the true market
values in tho trade as should have
Continued On sixth Paga)