Richmond times-dispatch. [volume], September 12, 1920, Image 35

About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current

Image provided by: Library of Virginia; Richmond, VA

                
/?
PART
FOUR
Classified Ads
Business Chance*, Help
Wanted, Situations, Etc.
Cimei5-0i5pntd|
Real Estate
City and State?For Sale, Rent
?r Exchange-?Week's Summary
PART
FOUR
- / ? < -
70TH YEAR.
RICHMOND, VA., SUNDAY, SEPTEMBER 12, 1920.
PRICE. SEVEN CENTS
f
ot
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i
vW
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ifv
&NV
T ^?* Y
lAI
wv
1
Company Ifero Would ICrcrt Twelvc
Ktory Building on West
l-'rank 1 In Street.
ESTIMATE COST SI,2."?0,000
Benton & Benton Draw Plans for
Mammoth Dwelling larger Than
Any in Richmond, With Philadel
phia and New York Capiat. *
Plana for the construction of a
t welve-story apartment houso In
Richmond, larger than any In tho
city a\ tho present time, and which
will cost approximately Jl,250,003,
are 1??* 1 ng- drawn up by Benton &
Kenton, architects, associated with L#.
T. Bengston and J. Warren Myers.
Tho location of tho new apartment
will be on West Franklin Street, in j
one of the most exclusive sections of i
Itlchrnond.
Behind tho project stands a large j
Philadelphia concern and New York i
capital, although otllcials of the I
company, which In backing the pro- j
Ject stated yesterday that Virginians j
are to bo asked to subscribe a largo j
percentage of tho capital stock. The
t'Uilding will bo run on the co-rjpcra
tivo plan to some extent, and will
contain more than 100 apartments.
Many Riehmonders ar< said to be
making arrangements for space In
tho new building through subscrip
| !ions to tho stock.
Apartments In the building will
h'j of all sizes. It is declared, and will
range from ono room to a suite of
considerable t-ize. livery apartment 1
will be equipped with bath and all
of tho modern conveniences. tlu>
plans show, and the building will In-!
<ludc a laundry and other features,
for tho tenants. It will bo modeled
along the lines of the big apartment j
houses of New York and Philadel
phia, and will be the first mammoth
building of lis kind to be erected i:i
itlchrnond.
Slab concrete and steel will be j
tiio materials which will be used.]
Jilah concrete is a new form of build
ing material in Itlchrnond. it Is de
i lured. The building will be of Jlrc
proof construction. Kxact location
* on which tho building -a ill be erect
ed has not been announced by oflt- ,
? ials in charge. Work on the build
ing will not begin before next !
? pring.
FEAR WINTER OF SUFFERING
MENACES CENTRAL EUROPE
Ited t'r o** Soclrtlrx I'lnn to Ciprnd
KII,OOI>.<HM? to Iti-llr \ r
Situation.
I liy A?aoclatei| I'tcm J
IVAKIII.N'tiTO.V. September 11.?Ap
prnpriations of li8,Jfnn,ti00 have been
iiiiiie for the American Ited Cross
relief program duriVig the tiscal venr
eodimr July 1, IK'JI. The total in SL'l.
000.000 less than that appropriated
Relief work in foreign lands will1
.oinprise nearly two-thirds of the
liudg.It. i he estimate of |::i,000,000 for,
ji-livltles abroad being based on re
ports to the Red Cross tending lo
show that "central Kurope faces an
other winter of famine, pestilence and
ruin."
?Physicians who investigated the 1
situation at the behest of the league
of Red Cross societies have? given !
their unqualified opinion that the t
coining winter will see a recurrence 1
of typhus tm an unprecedented scale,"!
said an official nnouncement here
today. Tho Red Cross feels that It
must continue preventive measures
abroad to keep this and other deadly
maladies from tho United States.
DUCHESS OF MARLBOROUGH
MAY RUN FOR PARLIAMENT
Is Sought by Labor Party to Be Can- '
didnte Before I.ondon
Constituency.
(By Cross-Atlantic Service.)
I ?u'S'.'pt. 11.?The Duchess of
L ;'ar,1,borough may possibly stand for '
| Parliament at tho general election.!
I, which rumor declares is near. She
has been eagerly sought by the
Labor party to tie a candidate before
a London constituency, and has as
sured one of its organizers nIic Is
seriously considering becoming a
candidate for Southward.
The duchess' experience aa a mem- '
her of tho I.ondon Countv Council '
has apparently sharpened her inter- i
est in labor, and after reviewing the '
situation in America she has become !
inoro convinced than ever that the
workers have been denied a square I
deal.
Apart from the political reasons I
tuat would cause labor to welcome j
the duchess, the financial condition
of the parly ia deplorable, and U is
hoped Bho will como to its rescue.
finest! nthFstate
Twelve-Story Mnsonle Temple and
Office lliilliling (ioitig |'|? in
Daiivlllr Klnext Yet.
DAXVILU0, V.V., Sept. 11.?Tlie
temple and oflice building being
erected at Main and Union Streets
on the site of the burned Masonic
fomple by tho Masonic Ruilding Cor
poration of Danville will bo an or
nament to tho city.
It Is to l?e a twelve-storv modern
steel and concrete structure, 120 by
Kfi feet. Tho ground floor will be
o? s'orc5 "nd the next nine Moors
will be for ofllcei for professional
men. insurance agencies and others,
while.the eleventh and twelfth floors
Maso s? U 'c exclusively by tho
On these floors there will bo Clue
J,odge rooms. Knight Templar 'Ve
ireats and rooms for tho Chapter
.Masons. Also an auditorium and one
liirge and several small banquet halls,
w hen it is completed Danville will
have tho tliiest and most modern Ma
sonicTemple in the State. The cost
will be about 1600,000.
BUfLDING T]MBER"LIIIE
>ew York Lumber Company With
Vast Holding* In Virginia Am
Erecting It* 0?ttj Hnlltrny.
TAZEWRLIi, VA., Sept. 11. The
Tazewell Timber Corporation of New
York, which has acquired extensive
timber lands in Tazewell County and
established a wood-working plant at
C.ration, has commonced the build
ing of a railroad from Gratton to
Cove Creek.
Tho road will 14s eighteen miles
In length and will pass through, and
tap along Cove Creek, some of the
finest timber land In the Stato of
Virginia. Tho road will pass via
,Ct>Tco'B Branch and the village of Cove
RICHMOND SHARES FULLY IN
GENERAL REALTY RECOVERY
KviiJcnco Compiled Through Sales,
Hulidlng Permits nnd Mortgages
Filed.
That Richmond Is sharing fully In
the general recovery of the real estate
market following the close of the
war la evidenced by a compilation of
real estate sales, building permits and
mortgages filed, which haa Just been
completed by the United States
Mortgage and Trust Company, of
Sew York. This company Is well
known as a lender on Improved prop
erty In Richmond and through its
statistical departments keeps In close
touch with the changing conditions
? and In fifty-live other cities of
the SoUth and West, where It I
represented. The local representa
tive Is It. A. Lancaster, Jr.
The accompanying figures are based
on the dally published reports for tho
six years. 1914 to 1&1!>, Inclusive. A',
tentlon Is called to the fact thai the
figures given are probably far |e;:s
I ban the total transactions. Tliis 13
<luc to the large number of transfern
made at a nominal consideration, and
the custom of understating building
costs in connection with applications
for permits.
in mortgages filed. It is sometime,,
impossible to separate the mortgages
in territory surrounding tne city, and
the figures within the city limits, but
the percentage in outside territory
is small.
The figores for the si* ye.lrg arP
shown by the accompanying diagram.
Commenting on conditions >n the
Southern division. Frank J. I'arsons
vice-president of the United States
Mortgage and Trust Company, savs:
? The Increase in real estate sales dur
ing 131?, over previous years, is strik
ing and almost universal. The in
creased mortgage borrowings in these
< Ities should also give occasion for
thou ght." " " 1
BUSINESS ACTIVITIES IN i
SEVERAL VIRGINIA TOWNS
Indiinlrlc-N Thnt Arp ImTetiftliitr Capl
t?l?Huurlnhlng llnnkx Thai \re
Tk v.51"* 'I'bPlr llunlnr,,.
1 i> .r ' atld Fortamouth Belt
,.'n.e Itaslroad is to expend i50 000
in immediate Improvements. ' 1
J ne i appahannock MHling and
uclurl"R Company has been or
ganized and chartered at Tannahan
nock. capital stock *25.000. 1
,minlon -National Bank of
sfproposes to double its capital
M1 ? making it I3U0.000.
?YCJ\S *?J Hampton
? 4 ' ?. and KiertrJc Coinnflnv
lias provided, by sale of stock, a fund
o: about } 1*50,000 to be used for re
pajrs and Improve-merits. !
mlivC !'<irv"'rr Manufacturing Com
-Norfolk, manufacturers of
Vr" f an,l other trucking
toTl.000.000? lncrua8ctl ^pltal stock j
,-Th? Union Trust Rank is the name !
i"ooftonW rl,stI?' banking house, with i
J.?00,000 capital stork and $37 "#00 sur
r. "^he"nUVillf1'.", reat'y 'for business '
i, ot. l!l* coming vear. S '
"? Thompson is the president. ;
, ' L', ''ainilton Construction Com- I
. i'.'as i'een incorporated at far-'
tcrsvllle with $25,000 capital stork '
The First National Bank of SaU. '
house In lhaf'town" m?"Cl ?"'anUU^
WILSON CHAMBER ACTS
Meeting failed for Next Tneaday to
uiihldrr l.raf TuIioitii Situation.
Entire State.
A\ILiSON. X. C., Sept. 11.?The Wil
son Chamber of Commerce is seeking
to solve the tobacco problem. It haa
BriefnV il,rPrRonal "otter to the pro
Pnth? ?!????OVOry tobacco warehouse
tohicen Mi ia" we" as to prominent
iirs?nv alers and manufacturers.
ging them to attend a meeting to
beheld in this city Tuesday. Sepfem!
I7J ^Ko<Jh.aJT,ber, offlc|als say they reaJ
toh-iV? ? Pf'fcs paid this week for
,1?. .')rf , b.elow the cost of pro
<luulon and that something must be
done. "1 hey are therefore requesting
the various interests in the State to
meet with them and work the matter
;?it on a business basis. The cl,-,m
Un "but att|.ehiS. ?cotu,S submit a !
ir A'iii i h- orlslnators of it sav;
.1 . #i rc'l,,,r'} 'he co-operation of1
faronn-!r? Th?vCC? ln,<>rest of North j
anil Hi They appeal Tor a large
as sgrtis&Ti or,h^a^rl!
tho entire "stale?I,OSlti?"' but afr?cts
GREATER PAPERlvilLLS
ASHi-vn " Mm*.
1 tbbead
?'11 .t?
lio.oao.eeo
I IfiQQfiOO
wi*_?.Tion 130000 rrics
_ RJCMMOhD
Rial lstati saixj'
liljl'l BUODIJJO nXMJTi
MCf.TQACIS HUO
| chlncry for finishing book paper, and
that the pulp manufacturing capacity
of tho big plant is to be largely in
! creused.
It is also announced that the com
pajiy will expend a very large sum
:ti Iioubi; building. in order to pro
vide bottles for t lie families of Its
very larun number of employes at
Canton. The plan looks to the pro
viding of horti?-s for more than 2.000
people. The immediate cost of all
of this building will run largely over
a million dollars.
I
(QOOCpoO
Moo.ooo
;REAL ESTATE WORLD IN
! FOR II DECIDED DOOM
Many Hairs of Five Figures Are
Recorded in Clianccry
Court.
REALTY TRANSFERS ARE MANY
Past Week Sees Added. Impetus
Given "Own Your Own Home"
Movement?Money Market Re
nins to loosen L'i?.
Business in real estate circlcs last
week began to boom again and there
was every Indication that the tight
money market of which the agents
l\ave been complaining has begun to
loosen up. As evidence o? this fact
real estate men point to the first
four days of the week, when 4H real
estate transfers were recorded in the
Chancery Court, one of the largest
records of the year for less than a
week.
Big deals were not in evidence, how
ever. but reports are to the effect that
small properties were exceedingly
active. Many sales of between I t.oOO
and J".000 were recorded in the Chan
cery Court, but few larger ones.
Agents point out that everything
is favorable for a big year in realty
circles. Homes are moving faster
than anything else, and agents be
lieve the "own-your-own-home" move
ment is taking TtPil. Many deals re
corded last week were probably made
in the summer and just closed be
cause of the inability of the owner
to get possession nefore the present
time, and also because of pecuniary
troubles caused by the credit situa
t Ion.
Sale of Monument Avenue Property.
fc'ale of a residence at .'121.1 Monu
ment Avenue, recently built by Davis
Brothers, was recorded in the Chan
cery Court yesterday. Consideration
was not given, but tax was paid on
J 17.600. I?. Thornton Davis and E.
Leslie Davis were the former owners
and-transferred the property to Wal
ter It. Taylor. Bollard and Bagby
made the deal. It. P. Bitchie, Jr., of
the llrm, rtated that business was a
great deal brisker than usual, but
that deals were mostly small. The
lirtn closed one sale last week, how
ever. In which the consideration was
J 07.000.
The I. O. O. 7\ Building corpora
tion was the purchaser. E. K. Schmidt,
of E. K. Schmidt & Co., also declared
that business was improving, hu*
that nothing of any consoqucncc has
jet cotn>: up.
Building activity is also an indica
tion that business is picking up.
Earnest Brothers report sales within
the past few days of steel buildings
aggregating $50,000. Many purchasers
were among those who aided in inak
(<-ontinued on Eighth Page.)
1
Laburnum Park Homes
These Dwellings represent the highest type of
suburban home building, and* you will find them ex
ceptionally well planned and built.
8 rooms, 2 tiled baths,
attic with 2 rooms, con
creted cellar, extra large
porches.
Hot water heat, hard
wood floors and stairs;
decorated throughout. Lot
100x234 feet.
A HEAL COLONIAL TYPE SUBURBAN DWELLING.
REASONABLE PRICE AND TERMS.
Muhleman & Kayhoe
Builders of High-Class Homes, ?.
10S N. Ninth Street. Phones: Mad. 210 and 211.
"It Pays to Buy a Mulileman & Kayhoe Home."
WILL STREET CONSIDERS
, UK STATEMENT GOOD
Heavy Reduction of Louiis This
Week Willi Inercaso of Net
Demand Deposits.
PRKPARE FOR. INCOME TAXES!
Intimations That United States Steel
Corporation Might Buy Mills in
Franco and Belgium Restrains i
Selling?Declino Falls.
IIV nROADAN WAU. ' |
S'KW YORK, Sept. 11.?The actual
bank statement today showed sur
plus decreasi-d 51.863,620, loans de
creased SIS.iiH.OOO, and net demand
deposits increased $24,260,000.
The Federal Reserve Hank of New
York showed 39.5 per cent, compar
ed with 3S.6 per cent a week ago. or
reserves to combined deposits and
Federal reserve bank notes out
standing. It- showed 3S.9 per cent,
compared with 36.S per cent of re
serve to net deposits, after deduct
ing 40 per cent against Federal re
serve bank notes outstanding.
Will l'ay Taxes by Check.
This is a remarKably good bank
statement, compared with what the
Su-eet expccted. The net. demand
deposits usually Increase with an
Increase of loans, when there is much
speculation, because the brokers im
mediately deposit the money they
borrow, nut there is a heavy reduc
tion of loans this week with an in- I
crease of net demand deposits. This
is due to the fact that a larue pro-!
portion of the deposits are for the!
account of persons who are prepar
ing to pay their income taxes with
checks. As the checks will not be I
certified, and as the government will !
re-deposit them at once, the pay- i
inent of taxes should not make a
ripple :n the money market.
Wall Street traders have apparent
ly been going short of the market on '
the advances of the last , few days.'
and today they were working hard >
to bring about a reaction. Their,
successes was slight. All the steels
were a triflo heavy, but losses were
small. In Mexican Petroleum a de- j
FOR
RENT
Detached 8-room brick dwelling at
?109 North Boulevard, equipped with
hot-water heat, electricity and gas: j
modern in every respect; large gar
age In rear. This dwelling located I
in the most desirable section of the j
city, and Is well arranged for two ?
families. See us regarding this.
OHARI-.ES F. RUEHRMUND. Ajjent,
lloorn 46, Allison Bldg., 803 E. Main.
(?line of about three points was I
I'iiuscil, but brought out only a little
stock. liven the coal shares were
heavy, although reports of tho coal
strike planned for Kngland have
caused American coal producers to |
look forward t<> a boom. The mar
ket closed at about the low prices.
Drmnnil for Mrrl (Jrent.
< Intimations from I'aris that the
(,'nited States Steel ? Corporation
might liuy steel mills in Franco anil
Belgium restrained selling of United
States Steel. Traders thought the
stock would decline, because of the
reduction in the volume of unlllled
order*, but the demand is so great
that tho volumqf of orders moans
nothing. Tho public knows that
all the steel mills working at full
capacity could not overtake tho de
mand in four years.
! The real trouble in the steel in- i
dustry just now is. according to high
authorities in the trade, tho ques*
| tion of a cut in prices. The United
?States Steei Corporation is under
| celling all the independents, but even
j its prices are high, compared with
those prevailing before tho war.
Judge Gary's return from Kurope is
looked forward to with much inter
est.
The plan formulated by ICugene
.T. Meyer. Jr.. for letting the public
deposit its money with the govern
ment at 4 per cent interest has been
proposed many times, but never be
fore did it have a champion able'
t<j force p Slic recognition.
Th<s plan would, of course, wipe out
the savings banks, but they might
I turn their highly developed tlnancial
j machinery to somo other useful pur
pose.
One of the strongest features of
(Continued on*Seventh I'agcTj j
i"
FOR RENT.
719 LAMB AVE.
{Barton Heights).
This Is a delightful corner residence with about nine rooms, bath
and pantry; extra large lot; gara?e on rear. Attractlvo front and
side porches. Only $r?;.00 per month. Convenient to everything dc
CHEWNING & BOXLEY
2?i North Ninth Street.
NEW HOMES
?WEST END?
ON G KAN BY STREET?IONTIREL.Y MODERN.
Six rooms, sleeping porch, hard-.vood floors, handsome electric fixtures;'.
hot-water heat; tile hath; papered throughout: largo front and rear,
porches. Small cash payment, balanco easy terms.
DAVIS BROS., Inc.
' 2310 West Main Street.
HAVE
YOU
SEEN
HOMES BEAUTIFUL
OF BELLEVUE PARK
OUR
NEW '
CATALOG?
ALL CITY CONVENIENCES?IMMEDIATE POSSESSION?REASONABLE TERMS.
DAVIS BROS., Inc.?Builders?Agents
2510 WEST MAIN STREET.
Eight Rooms
Sleeping Porch
t
Butler's Pantry
? Garage
Servants' House
Shades
Screens
Uandsome Elec
tric Fixtures
Papered through
out
Polished FIootb
Hot-water Heat
Large Open
Fireplace
Large Sldo
Porch
Pergola
205 foot Front
ago
The J. W. HOLLOW AY CO.
205 Central Nat'l Bunk Bldg., Tel. Madison
Richmond, Va. 5005. .
Offices in Eight Principal Cities.
BEFERENCE: Any Bank or Mercantile Agency.
Name
Address
V,:
COME OUT TODAY!
This is your opportunity if you want to free yourself from op
pressive rents and the horrors of "moving- day." Why con
tinue to pay for the home you're living* in (with your rent
money)?and then have nothing- to show for it. Just stop and
think!?the money you've paid out in the past six or eight
years would have paid for a nice home and lot!
We Have the Plan. Let Us Tell You More About It.
LAKESIDE
TERRACE
Mail This Coupon
If You Can't Come
J. W. Hollo way Co.,
205 Central Nat'l-Bank Bldg.,.
Richmond.
I'm interested iu your lots at Lakeside Ter
race and in the Holloway Plan for securing
a home. Please send information without
obligation.
Picture the delights of living in this high,
healthful suburb of Richmond, with two
car lines within only five minutes' walk,
plenty of room for the kiddies to romp and
play, lots of big shade trees and a high
class neighborhood.
LAKESIDE TERRACE is
only 15 minutes' ride from
Broad Street, on the Ashland
Line. Located on Brook
Bond (Washington High
way), right opposite the en
trance to Lakeside Park and
the Suburban Country Club.
Close by arc the Hermitage
Country Club and tmany line
homes.
Richmond now has
people living within its
porate limits- The city
growing rapidly. New fa:
lies are locating here
day. We must provido
for every one. Every
and woman should get .a
piece of land now, and in a
'jliort time their investment
will be doubled.
Here you have the chance
you've been looking for?a
suburban home plane with
city comforts. You're just
beyond Ginter Park. You're
in touch with everything,
and you have 700 choice lots
to select from, if yon act
quickly.
Prices are within easy
reach of everybody's purse.
LOTS
$199
As Little as $5 Cash and
$1 Weekly.
It Takes?
Little
Cash
To secure the mate
rials for'this delight
ful Home by the
HOLLOWAY
PLAN
In Direct Line of City's Growth
All Important Established Streets and Avenues
Grace Street, Monument Avenue, Franklin Street, Park Avenue and Others, Pass in
Direct Prolongation Through
The Duntreath Plateau
This Most Desirable Section of Westhampton
Overlooking All the Surrounding Territory
Fronts the Three Chopt Road, Patterson Avenue and Duntreath Road.
Large Sales Have Recently Been Made, But
_
Many Choice Locations for Real Homes
May Be Had by Prompt Application to Your Agent or to Our Office.
THE DUNTREATH CORPORATION
mmma mm* li m