The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-12-06
More Than Million Dollars In
volved in Deeds Filed for
Record Monday.
MARKETS ACTIVITY
IS NEARING NORMAL,
Conservative Realty Men Elk
pect Much Larger Business
About First Of Year Big
Gain in November.

With deeds hled for record in
single day showing more than one
million dollars involved in transfers OF
Richmond real estate, the week just
closed uncovered more business than
any single week In many months. One
of these papers however involved
more than two-t birds of tho total for
that day and more than half the total
for the entire week The remaining
five days of the week showed the fling
of the average number OF papers,
bearing a total slightly above the
ge during the last three or four
months. Money appears somewhat
easier and more of il is going into city
and suburban realty and country farm
lands than in months. That the real
estate business is increasing in volume
and that normal conditions will OBJ
tain shortly after the now rapidly APP
preaching holidays is indicated.
Real estate transactions in Novem-.
her were more than double those OF
October. and nearly three hundred
thousand dollars larger than In Mo-
Vember. 1918. The total for Novem-
Der was $1,000, f5a. as against $780,
oCe n the preceding month. and $685.
OF ia November last year.
Things Lisening Up.
Things are Iyening up some, said
2 conservative real estate dealer yes
terday afternoon. During the week
we have put through severa: deals OF
good size Property for home pur-
poses is In dc mand, and with money
loosening up now. for the first time In
months. We expected TO do much larger
business early in the year
Farm dealers report that prospects
from the North and West, who are in
curing for Virginia land. are pleased
with information given them and thai
the first of the year will sec a NUM-
Der of visitors to Richmond to look
over some OK the properties that are
being offered.
The building activity throughout
the city appears to be liyening up con-
siderably and it is expected that the
December report of permits to build
and to make repairs will be the best
of the year. Architects are being kept
busy by those who contemplate build
ing with the comin~ of spring, and
others in the building trades are look
ing forward 20 much new work.
Ahead of War Stamp Tax.
In the Chancery Court of the city
of Richmond during the first five days
of December about eighty deeds have
been recorded. In real estate offices
yesterday afternoon bundles of pa
tpers to he sent to court next week
were being gotten ready.
On Monday. the last dav before tho
war stamp tan became effective there
was a rush for the court offices. and
the stacks of papers dug out Of pigeon
holes and other places In which some
of them had rested proba bly, for
months. were PUT on record. The Fed
eral government was done out of
thousands of dollars which would hav.
come To it in stamp revenues had the
deeds been carried outside the courts
It least twenty -four hours longer.
The war tax served 10 have brought
10 light scores of transactions which
had been kept In the darkness OF thc
recesses of real etate offices OF private
citizens, Some OF these were made
months ago, though most Of them
were of comparatively recent date
The great number OF papers aggre-
eating IN value more than one million
dollars. fled on Monday shows tina;
there has been something doing. evsI;
though realty men have been inclined
lately to talk of duh times.
One OF these deeds brought out Mon
day was that In winch the R.chmonu
and Henrico Railway, sold some tim
ago at public auction, was transferred
The consideration in this sale wa
$500, 000, so there was little more thAsa
$500. GOO left to account for the totals
in all the other deals
business Generally.
4 business summary for the week,
which shows the trend Of things to
the better. is that Of Fl. G. Dun Il Co.
for2aDun's Review of Saturday, which
in part, follows:
Local business does not show mucli
change since last week, but the Opt
MYSTIC spirit among manufacturers ana
wholesalers seems TO be growing. I'm
A~ =
.of the factors contributing to re
lduced volume of business particular,
In those lines dependent on seasonE
demand. but these branches have late
ly shown more activity. Johbing bus
ness liz practically confined to q moder-
ate amount of filling-in orders. Anti
most houses seein averse to forcin
sales for spring delivery. pendiD
further adjustment In the cotton tel
ritory. The wholesale paper business
has been good, though In common wit
most other lines. operations have bee
Handicapped by SLOW collections, Re-
tail sales have been fair. and som
holiday buying IS in evidence. thou1 ii
this Is later in making itself felt thaa
for SOME reasons isast,
THE action OF the Reserve Bank tn
reducing the discount rate from 3 pt N
cent To s Ia per cent on short tinN
commercial paper Is favorably con -s
mented upon here. and Offerings ls
the banks in the district hAve ifs-s
creased ftre rrdisrcunttng functtru
of the reserve institution attracted n
tie interest at the former figure.
Tobacco planters have been abe
Ito prepars a large quantity VI the ~ nj
leaf for market during the pa1t tesrS
days. and though sales have been ~ IS
siaerabiy less than those u lMSt - u
son, since the market opene6s foA099|
,CSpntinuAd - l,n0CnA $x33Iy