Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-09-05

! Conservative buying was the keynote
! OF the trading on the local real estate
| market during the past week. The
| market was fairly active for this sea
! son Of the year, as Is attested by the
| papers going to record. The first part
OF September in past years has been
| slow In realty circles. and this year is
no exception.
| However. all reports to the contrary.
the local market is holding up we'll and
there Is a continued good feeling over
the conditions with d Arm belief that
| business Will show considerable i'm
provement as soon as cool weather puts
| ltle more life into the trading. Sew
eral agents yesterday reported that
! business was slow, and that few sales
| had been closed during the week. 9th
ers stated that they had been able to
| put across good many sales. but these
were in the main for small property.
During the past week there were
| about nifty sales of city property, ag-
gregating something like $4,000 This
waa slightly less than the total for tho
preceding week, but there Ia always
| fluctuations on the market and rumors
have 1t that some deals have been
closed that have not been made public.
| This Will have to go for what II Is
| worth. for there are always such re-
| ports going tho rounds.
LARGE NUMBER OF RELEASES
ARE PLACED on RECORD
! the business last week was the number
( OF releases that were placed on record
! In the courts. For several weeks there
| has been noticeable absence OF these
| deeds from the records, and the heavy
total of last week helps TO offset this
! deficiency. Last week the releases of
mortgages aggregated nearly s350.ooo.
which was 100000 more than the deeds
| OF trust, proving the tendency toward
recuperating from extra heavy loans.
| HenrIco County was the most active
/ last week for the past three months.
| the sales of this class OF property
amounting TO more than $3.50 Many
! Of the sales were for suburban lots. hut
| there were several acreage tracts sold.
| The North Richmond Realty Corpora
! ton sold 10 the Richmond Finance and
| Realty Corporation tract Of 30 acres.
! less tifteen lots. in what is known as
Myrtle Grove. The property IL located
| about three miles north of Gintcr Park
! and sold for $4,000.
PLAN DEVELOPMENT OF
COLoRED Suburb
' The Richmond Finance and Realty
Corporation has agreed to give fifteen
! acres Of this tract TO the company that
| has been formed for the establishment Mt
| OF q colored home and industrial school
| similar TO that at Tuskegee, Ala. which
IL is proposed TO establish in Richmond.
! Myrtle Grove is a colored suburb and
! The location is said TO be we'll suited
! for the school and home. The buildings.
| IL is estimated, Will cost more than
100000.
| w J. Gilman sold 10 the r. p. Will
! son Corporation two lots. fronting %
! and 40 feet. one on the south side of
Floyd Avenue and the other on the
east side OF Dooley Avenue. for $4,000.
This concern then transferred TO GIL
man the property known as 1925 East
| Broad Street. The property fronts
"a feet inches at the northwest cor.
ner Of Broad and College streets, and
| was valued at $4,000
| c. f. Sprenkle sold TO George B.
| Simpson n lot fronting % feet 81
inches on the south side OF Kens!ngton
| Avenue, between Davis Avenue and
| Elm Street. for $500.
| SELLS TWO DWELLINGS
| IN BARTON HEIGHTS
| Walter S. Wills. who has erected sew
eral dwellings, in Barton Heights, sold
two dwellings on the north side of Stu
art Road. just east OF Miller Avenue.
to r. G. Farney and William j. Mon.
| Tho lots front IS feet, and each dwell
ing sold for $500.
E. T. Long sold lot fronting 10 feet
on the east side OF Sycamore Street.
just south OF Grove Avenue. 10 w. z.
Haze!grove for $4,000.
| Lucie S. Williams sold TO Paul c..
Smith lot fronting ~ lie feet on the
| of Park Street. for $500.
The Building Department issued a
permit last week to NJ. B. Florsheim
for the erection OF the new Jefferson
! Market, which will be situated on the
south side OF Broad Street, between
| Harrison and Shafcr Streets. The
! building will! cost approximately S2S.-
| So, and will be one OF the most mod
ern market structures in this country.
Its construction in detail has been men-
toned In this column before.