The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-23
REALTY TRANSACTIONS
LARGEST IN HISTORY
Three Hundred Deeds Put On Record
At williamsburg Within the
Last Seven Weeks.
MORE THAN IN ANY ONE YEAR
Building Activity Greater Than Wild
est Imagination Could Conceive
Many Wori<ingmen Kept Busy ut
High Wages-Business Body Con-
fident
MORE THAN IN ANY ONE YEAR

Williamsburg. Va, April 22.--The
way that property values have been
jumping In and around this city dur
ing the last seven or eight weeks,
the number of sales of property and
the big figures involved. and the hun
drsds Of visitors looking for invest
ment or on speculation bent, have
thoroughly aroused the ancient capt.
tai Of the Old Dominion. Where for
nearly three centuries there had been
little activity. everything moving along
smoothly. there has come about dur
ing the last two months situation
which puts to rout the most conserv-
alive ideas OF a conservative people.
There Ia little short of revolution In
the situation today.
Here and there In Williamsburg
and in quickly developed subdivisions
on which are to be built the homes
OF those who will be brought here
for the operation Of the Du Point
plant few miles distant, there have
been sales OF land which has quickly
been resold and at a profit. Theirs
are numerous building activities
throughout the section and structures
OF varying degree OF permanency are
way from ordinary frame buildings
to structures of brick and metal.
All Busy mt Building.
Hundreds OF men In the building
trades, carpenters. plasterers and ma
sons. have found employment which
promises to continue to bring them
the best of pay for many months
to come. There Ia no one here who
will predict when the activity will
diminish. The highest wages ever
paid In this section of the State,
wages unheard Of in Williamsburg in
all tts history are bs.ng received by
the workingmen who are engaged In
the building of q city and its suburbs
More improvements are being made
to property In Williamsburg and moro
new buildings are going up than for
many years. So far as known. there
10 not 4 vacant residence. and the de-
mand far exceeds the supply. Will
Hamburg has no more houses than
will take care Of its normal popula-
ton. 1t II practically certain, how
ever, that houses will be erected In
the attractive new subdivisions. which
will relieve the congestion in the old
part OF tho town.
Business Association Active.
The williamsburg Business Associa-
ton has confidence In the future OF
the city and fts members are moving
to the end that the stability of the
present development win be enhanced
by the addition OF new Industrial en-
terprises. The association 10 deter.
mined to give assistance to seekers
for Misunderstanding sites and Will aid
in the development OF city and sub
urban property. A number of .ndns-
Att ApfA as txxntt v>vs4yx $50 q
Gated with and the location in this
section of enterprises, both small and
large, 10 expected in the near future.
The rapid rise OF value OF prop
Srty 10 shown in the more recent
transactions In realty. A small plot
on Duke OF Gloucester Street, the
principal business street OF the city,
was sold not long ago for 5000.
On the following day It changed
hands again ut $4,000. the buyer be-
Ing F. p. Jackson. who q few days
later sold 1t TO George NJ. Lindsay
for $1,000. The property was sub-
sold for $4,000. Mr.. Lindsay will
hold the remainder and watch de-
velopments.
500 Deeds In seven weeks.
" During the month OF March and the
first three weeks In April more deeds
OF bargain and sale transactions were
placed on record In the offica Of Clark
r. n. Geddy. Of the williamsburg and
James City County Circuit Court. than
In any ono year in history. There
have been recorded more than three
hundred deeds. involving more than
s:o0. 900. So heavy has been the
wnrk OF the once that two additional
clerks have been engaged.
q - ~ -,
said that the money has becn re-
leased on many contracts. showing
the confidence Of spectators and
others In the future Of Greater VIII
Harrisburg, He said that he estimated
that over 100000 had exchanged
hands IN property transfers sincs
March y.