Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-04-30
PORTO BELLO FARM SOLD
BY 7. R. DALEY FOR $4,000
Corporation Huys Valuable Property
Near Sitc'of New Du Pont
Plant.
OTHER BIG DEALS ARE MADE
Willard Tract Is Sold To West Nir-
sinia Capitalists for $4,000.
Real Estate i'm Williamsburg and
Vicinity Shows Marked Activity.
Especial to The Times-Dispatch. !

Especial to The Times DiSpatch.1
WILLIAMSBURG, VA, April 80
Papers are being prepared here for one
OF tho largest single real estate deals
made in this section since tho Du Pont
Company decided to make this place
the center of one of its industries.
The Porto Bcllo Farm, lying on Queens
Creek. just opposite the new Du Pont
plant, has bccu sold by the owner. Il.
Il. Daley, to corporation, the pur
chase price being $4,000. The transfer
will be made rs soon the necessary
decd can be drawn.
The willard tract was sold this wccl>
by the owners, =. J.. Graham, Of this
city, a,ll T.. s. Blanton. Of Newport
News. to Il group Of West Virginia
Capitalists for S65.00N. II is believed
that several other large transactions
will be closed during the next few
days >as West Virginia capitalists were
Inspecting several other tracts near old
Fort MaSrudcr to-day.
wouil on nnANCu LINE
BEING PUSHED RAPIDLY
Contractor Simon Curtis. who is
building the branch OF the Chesapeake
and Ohio Hallway from Williamsburg
tn the Du Pont plant, has been en-
ployinS n large force OF mon this
week, rushing the work to completion.
The roadbcd from the Yorktown Eoulc-
ward north to tho plant has been AL
most completed, and the force is now
working on property owned by the Du
Font Company. II is stated that the
men Will soon he placed at work con-
structinG the end into williamsburg.
Development work on several sub
divisions is being rushed and a num-
hcr Of now sections will be placed on
the market during the spring months.
Lumber and building material arc
being assembled in East williamsburg.
MaGrudcr Terrace and Queen city. and
several new houses have been priCti-
rally completed. The buildings arc To
be used as stores and residences
Real estate men and attorneys report
that practically all OF the farm land.
suburban and city property. bought un-
der option or contract, several weeks
AGO. Mas been taken UP promptly by
tn" purchasers Property values arc
showing steady advance wherever
sal" is made. Hundreds of lots. il
is said. have been sold TO investors.
many Of whom bought with tho intcn-
ton of erecting homes on tho property
at an carly date.
IN nnconiirmcd report. which has
gained wide circulation both in this
city aud Iiopcwcll. is that tho Du
Font Company is contemplating con-
vcrtinG part of tho williamsburg
plant at least into a finishing rIaut for
'hc raw product manufactured at
li"pcwcll. While no information is
aNailahlc. II is known that tho fin
iShmr plaut in Wilmington, Del *
not Of sufficient size to complete the
raw product now being made at Hope
wcll. and that additional buildings arc
hcinE erected that tho plant may bc
enlarged
AERrING nv tRl EFFORT
TO t0MPLETE LINE QUICKLY
I, is pointed out that the Du pont
company has been eXcrting every ef-
fort to have work started on tho new
plant as quickly as possible, aud to
TINS end the railroad company has
been asked to have the branch line in
operation at the earliest possible mo-
mcni. 1t is realized that little con-
strnction work can be done on tho
plant until tho railroad is completed
To handle tho supplies.
several prominent mon voiced the
opinion that they could not sec such
an unusual demand for commercial DIV
mantle ut this time that tho company
! should want the now plant construct
cd IN such short time, and they were
az the belief that the new plant would
hr put to work completing the raw
material from Ilopewcll Tho loca ton
"f the plant would he ideal for this
purpose. they say, having direct
water route between the two plants, by
way Of Hampton Roads.
The suit recently entered Ivy the Du
FONT Company against Charles j.
S"hcmrccn and others, the object Of
which is TO compel them to deliver a
decd for the Ecchtcl Farm. sold to the
company under option, may he c"mpro-
missed. according To Il rcnort current
here. Unless tho dispute is settled out
. OF court, the suit will hc heard in the
York County Circuit Court in June.
The land in dispute is wanted by the
bu FONT Company for factory sites, il
| is said. and adjoins other land owned
! by the company the York River.
The tract contains about LOO acres,
and is said TO he very desirable for
the purpose for which it will be used
Next month will be very active
one on tho local real estate market
y number of desirable subdivisions arc
I" he placed on the market and numc-
rous auction sales will be held to dis
nose OF tho lots. AS soon rs the Ches-
apcakc and Ohio branch limo is com
plctcd ono OF two fine sections near
the plant will be- opened up on an cx-
! tcnsirc scale. At least Quo of these
subdivisions will offer water, Sewerage
and electric lights.