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REAL ESTATE MARKETS VOL. X. NO. 250. FAIR WEATHER RENEWS INTEREST IN REAL ESTATE DEALING Harling Is Confident Os Atlanta's Future fiac p g-i j wW 7* —s' E. L. Harling. of Petty & Har ling. who says out-of-town money is being invested heavily in At lanta real estate. MORTGAGES GIVE ANDPPORTUNITV Harling Discusses Big Gain in Values and Interest in Atlanta Investments. "When the news went forth that mortgages on Atlanta real estate were as safe and sure for investors as gov ernment bonds, it penetrated to the ut most corners of the country and to not a few foreign lands," says E. Har ling. of the agency of Petty & Har ling. "Some people, when they think of a mortgage-holder, picture a rich old man. maybe a skinflint or a miser, who stands ready to buy in the property for half its value the day after the inter est is defaulted. "Small mortgages, from SI,OOO to $5.- >OO- -and they are the majority—are held by small investors, many of whom have all their savings sunk in a single mortgage. The trust companies, guar > antee companies and insurance compa nies have the big mortgages, and in the aggregate they represent the bulk of money lent on real estate, but their number is comparatively small. "Here is a. man in a small town in Georgia,” said Mr. Harling, picking a letter from his desk. "He has $1,500 , invested in mortgages in Atlanta, and . he has written ’ letter saying he has saved Il.()0*> in which he wishes to 1 place on Atlant... real estate. Such ex amples as these only show how out-of- I town and out-of-lh< -state people re " gard Atlanta real estate. “In 29 years Atlanta real estate has more than doubled in value, in an other 20 years it will increase with equal rapidity. I think Atlanta real estate has greater things to look for ward to in the future than she has reached in the past. Twenty years , fi mti lodar the prices of today in At lanta property will probably seem as cheap as now do those of 30 years ago, Not a purchaser on our books whose property is situated in Atlanta but ■ could sell out at a nice profit. We have i property now in well located corners. K Close In. that is S3OO to SSOO per front ■ foot too ' heap. "It only takes a little push on the . part of owners to bring Atlanta dirt " up to Its real value, For instance, just look at the wonderful advances in property around the Piedmont hotel, T.uckie Walton and Spring streets and 1 several other north side streets. This only demonstrates what advertising and energy on the part of the real es tate men of Atlanta have done for this section. The close-in south side streets are next in line, and the time is now at hand to make a smalt fortune in buying south side property, at the pres ft ent prices.” ■ GREAT OPPORTUNITY FOR INVESTORS, SAY HOLM ES & LUCKIE "The opportunities for safe investment and rapid enhancement were never better than at present in and around Atlanta, said one of the firm of Holmes & Luckie. ■■The main arteries leading out north front the center of the city especially in terest us, and we think there will be more I iwoney made in this section in the next , f P « years than ever before ' ... r) , r Howell Mill road. Pace's Kerry road, the Roswell toad, Plaster's Bridge ft r"ad I'ea'htree toad, and all the rross- F reads and intervening territory offer un- second t he Atlanta Georgian ™ SECTION SEC 1 ION AND NEWS I- ■' ta 188 fIHBB bii 11!IBWSi ZjH jjj 2ZL —— —■■■■ ■- ■■■ .. . - *' FCK SAI/F £■ TREDWELU BUILT ATLANTA SUBURBAN REALTY CO -> ' I > 1 LIB, ■*» .is* *f£ / e-yfF®- -/TR, 1 | ----a r ~~ i-'- T■ : ■.!?,' - L ' .« —* a- .— — MMrtTwvy \?'6pMr’C V**alw* . - ■■■—.■ > XH - -.. •* * 4 l - t- - i -- JICMX' rjz DLCATVR ayft»a?. ffy * / Y HARTSOCIK CO MAXSHAwr * ’• A- -L Hollow Tile Grows In Popular Favor as ! . Residence Material "That Atlanta is the recognized pro gressive city of the South is due pri marily to the fact that the citizens are quick to adopt any article of merit. While hollow tile has been used from the earlier days of modern tire-proof office and public buildings, it was not until recently adopted for residences. Examples of what is being done with ' hollow tile are the Singer building, the Pennsylvania and Grand Central Ter minals in New York city, the enormous 22-story building of the People’s Gas Company, the Chicago and Northwest i ern Terminal and other great struc -1 tures built and now being built on a similar scale," says C. Fieri Dahm, of the Atlanta-Suburban Realty Company "About five years ago hollow tile was considered available for residences, and r has since been adopted by thousands of home builders In the North and West. "Its cost for maintenance and repairs is far less than in the case with build ings of frame or brick and wood. It i never requires painting. “We have had numerous inquiries in regard to the stability of the stucco on ; hollow tile. We admit that stucco ap plied over expanded metal has never ' proven satisfactory. Dampness will in ' variably work through and will cause the wood studs and siding to expand and settle. This will cause unsightly cracks to appear In the Wall. This dis- ■ Acuity has been eliminated by the use of hollow tile, which forms an absolute L bond with the stucco and results in a masonry wall which can not settle. An. ’ other mistaken idea of those not fainil i iar with this l construction is the cost. ' In experienced hands a hollow tile resl- Idence can be erected at practically the ' same cost of a wood constructed house and far cheaper than brick or brick i veneer. “There ate several hollow tile resi dences in Atlanta; we have one now in course of construction at 305 East Fifth street." , limited opportunities for safe and profit , able investment. "The ever-widening circle of Atlanta is steadily marching on and enveloping this ■ territory, and we predict present prices ' will look extremely cheap by comparison in a few years, it. therefore, behooves i the man who would like to acquire a site for a beautiful home out in the most , desirable residence section to be up and doing, and buy while the buying is good. Improvements in sight now for this imme diate section in the next twelve months > amount to several million dollars, and like a great snowball, this development gath ers strength as it goes." i*BI BHliilß*”* S rfe- Ma Mila Ml UUAVTIFU.U SVKGAPOW' « coiximAu sSa> I , j Presidential Year Won't Hurt Trade, Is W*M, Wilson's Belief W. M. Wilson, of the firm of Wilson Bros., believes this is a presidential year which won’t hurt business. “Notwithstanding the generally accept ed theory that presidential .rears are bad on most business, especially the real es tate lines, our firm has experienced no slump in buying, selling or renting this year,’’ he says, “and we confidently ex . pert brisk trading right on through the summer. “An election in Georgia is so frequent an occurrence that business men no long er sit down and wait to see which candi date is going to win, but. on the con trary, pay little or no attention to th* political end and resolve to work for re . suits, regardless of politics. “We have a steady demand for homes on the north side, particularly in the vi cinity of the end of the Highland avenue car line, having sold recentlj in High ■ land View' and Adair avenue a dozen or more lots on which we will start the first > of five bungalows during the coming week. These will be thoroughly modern, classy in architectural design, and, hav ing all modern conveniences, will natu rally be sold before the roofs are on.” MIDWAY SUBDIVISION OPEN TO HOMESEEKERS: Midway, a new Atlanta sub-division, has been opened by* the Atlanta Realty Owners, and lots are being offered for ’ sale. Midway is between the business i centers of Fairburn and I’nion City, and ' inside Union City’s corporate limits. It is on one of the finest automobile high ways in the. slate, and a number of de sirable lots for suburban homes have been I surveyed, and are ready for buildings. Besides residence property, the plot contains many sites for business houses, i and excellent railroad facilities are to , be had. Each lot is .">0 by 115 feet, with the front on a wide street, and running back to an alley 20 feet wide. ATLANTA, GA„ SATURDAY, MAY 18. 1912. Wilson Thinks 1912 Will Be Good Year * .i-s .4 \V. M. Wilson, realty dealnr, who prmliets that this will he one presidential year which won t hurt Watch Decatur Grow, Says Worsham, Who Boosts Suburb City "Watch Decatur grow,” says J. M'. Worsham, whose real estate agency is in the Third National Bank building. "Today it is the ideal residence town in Georgia. “Do you know of any other town of 3,300 population with twelve miles of tile walks, the same amount of curbing and four miles of macadam streets, or, for that matter, any town or city any where which has solved the sewerage question as well as Decatur has. with its thoroughly modern septic disposal plants? We have toe very best water supply, a thoroughly modern sewerage system and our educational facilities are unsurpassed in Georgia or in the entire South. Though we have just built a $20,000 public school building, yet we recently voted $.30,000 more t’or bonds for another school building, this being made necessary b\ reason of the wonderful growth of Decatur since 1910. "In addition to our public school sys tem, we have the Donald Fraser High school, Agnes Scott academy and Agnes Scott college, which attract to our town the very best people from every section of the country. “Then." says Mr. Worsham, “look at the East Lake drive, which crosses Col lege avenue at Oakhurst. I his fur nishes to the autoists a modem road from Allanta through Druid Hills to ’ Decatur, and before the summer is over 3 the Fence DeLeon avenue extension will t I be completed, which will furnish still T ano’hei such drive connecting Atlanta | with Decatur.” Colonial Hill Lots Now Selling Fast; Homes Being Built Colonial Hfl! sales are a great demon (ration of College Park boulevard proper ty. Sales this week have far surpassed any previous selling in this park, and, from the prospects now apparent, it will only be a few weeks till all of Colonial Hill will be sold. Three new homes were started this week. Following Is a list of buyers during the past ten days: H E. and N. E. Angler, Int 5, block M. Frank N. and E* G. Gresham, lot -20, block K; M S. Craig, lot 12, block G; D. M. Parker, lot 4, block B; J. L. Sat terwhite, lot 13, block M; W. E. Burt, lot 18. block I: C. B. Apperson, lot 8, block G; G. B Everett, lot 9, block L; Mlsnell P Everett, lot 20. block L; Ar thur S Oxenham, lot 21, block M: As L. Bellamv, lot 32. block N; Mrs. Mae Wal lace, 10l 26. block O; W. G. Allen, lot 13, block 1. A. (’. Poggendick, lot 12, block I; R. E. York, lots 12 and 17, blocks K and X. S L. Fitzgerald, lots 1.4 and 15, block X; J. C. Curtright, lots 22 and 5, block E: R. H. Tomlinson, lot 26, block N; J. H. Hopkins, lot 8. block E; M. S. Herndon, lot 9, block E: Homer A. Tisde.l, lot 24. block I: E. I. Florence and Miss Ij. C. Florence, lot 27, block I. ’This shows a total of twenty-five lots for the past few days, amounting to $23,- 850. Other sales were R. H. Kelpen, lot 20. block G. $1,000; Miss Jane Donaldson, lot 24, block A. SI.OOO Chardes H. Meyer, lot 18, block G. $750: <’. Farr, lot 21, E. $700: F. G. Johnson, 10l 31. block B, $700; W. E. Burl, 10l 20. block M, $750. W. E Sitton, lot 27, block J, $500; George Griffeth, lot 12. block X, $850; X Mo- Holmes. lot 16. block H. $1,400; Mrs C A Pierpont, lot 1. block Q. $1,050; H. *lc- Neely, lot 2. block E. $1,050; Miss Myr tle Eaunlus. lot 9, block M, $600; H. H Sims and W. F. Brandt, lots 1.2, 3. I. 5. 6. 7. in block I- ; H. L. Cardoza, lot 10, in liJock K. T. A. Blackwell, lot 1 in block M. $700; C. A. Myers, lot 18, block G. $750; S. M. Davis, lot 2. in block E. $750; J E. Satterwhite, lot 12. in bloc k M. $450: H M. McFail, lot 3. in block E. $750; J. B Jones, lot 31. block O, $650, W. A. Harrison, lot 23. block M, $650: O. T. Voyles. lot 18, block 1. $900: I’ A. Ziegler. i lot 12, block K, $900; As. B. Vorih, lot 22 block E, $700: Homer A Tisdel, lot 21. block 1. $1,250 COCHRAN IS NOW AGENT FOR INSURANCE COMPANY The Ralph O. Cochran Realtx Com pany of Atlanta has been made Geor gia. representative so the < olumbia Jufe Insurance Company of Cincinnati. Charles I’. Tt.ft, brother of the nalion s chief ■ xe. utive, I president of the com pany. WANT ADS EDITORIAL PRIOR • m Atlanta: TWO CENTB 1 • on Train: FIVE CENTS Young Realty Man Is ) Booster for His City | «SW»4»tSM» ®k£*A Y .YA” '.\4*.<z,v- --x '>> *. ,_j-w H. F. West, who says any rea sonable investment in Atlanta property is certain to bring profits in course nf time. 100 CIN'T LOSE, SMS H. F. WEST Real Estate Values Well Based and Advancing, and Invest ments Are Safe. H. F. West, of the firm of A. J. & H. F. West, who have offices in the At lanta National Bank building, ie a great believer in the growth and future of At lanta. Mr. West said todayt "Despite the fant that It has bean raining almost continually tor several months, we have had a. splendid bustness, and Atlanta continues to march forward and upward, and it is bound to continue In its growth and progress "Not only our own cftlsens, but peo ple from all over the United States, are realizing that our advancement is per- ; manent and that it will contlntio unlit Atlanta is reoognlzed everywhere as one of the greatest and moat progressive cities in the whole country. Indeed, now very few cities are ahead of us. "Reul estate trading le solid antfxao-' five. Our home people and. people from j other sections realize that there Is tnonay’ to be made here, and they are all getting in the Atlanta real estate market. "Activity and advancement is not con fined to any one section of the atty. It is everywhere. The improvements now on hand on and around Luckie, Harris, Orme and Cain streets, and the immense via duct on Bellwood avenue, and the great work going on In Marietta street, will •very soon bring more active trading at advanced prices on these streets. Put your money in Atlanta dirt. You can not lose.” GLOVER ANNOUNCES AUCTION OF A TRACT IN N. BOULEVARD The Charles P. Glover Realty Com pany announced today the sale of the property of Peacock & Seals for May 25 at 3 o'clock. . This property is located on North Boulevard, three blocks north of Ponce DeLeon avenue. The tract has been cut up into 41 lots. Two new bunga lows are for sale a: same time. • I think this auction will prove the most popular sale held this spring. It is surprising to find out how few really good lots are available on the north side in this section of the city,” said Mr. Glover. "Tlie development of Piedmont park and the opening up of the streets in tervening between Piedmont park a.ud Ponce DeLeon avenue has put on the market the last available acreage this side of the railroads. Houses in this section are eagerly bought up by the constantly increasing number of home buyers, so we expect the lots to be j snttpped up. "\\'o have held the property off the market until tie could make every im provement. Buyers at this sale will have no assessment of any Kind to pay, las we a■'■ finishing tit" balance of the tire 1 paving, and th' sidewalks, wa ter, sewer and gas have been installed.”