Newspaper Page Text
8C
THE SUNDAY AMERICAN'S FINANCIAL ANDREAL ESTATEPAGE
’
More Than 200 Residences
Change Ownership in Six
Months, Representing $1,500,-
000 Valuation
By 8, TWYMAN MATTINGLY,
Ths movement Inaugurated six
months ago by local realy men to in
eorease Atlanta's percentage of home
owners took an impetus in the last
tén days greater than any attained
since the movement started.
The increased activity in this phase
of the market is atributed mainly to
an almost unprecedented demand for
homes, together with a bank account
of thousands of dollars deposted sgafe
ly to the average prospective pur
chaser's account,
Belng inaugurated primarlly be
cause of Atlanta's low peroentage of
home owners as compared with that
of cltles of like size, the movement
has since heen deemed by all con
cerned as essentially Imperative, Its
materiallzation will mean restored
realty vaiues, and the investment of
surplus capital in the one and safest
inyestment-—real estate.
Pespite the pros and cons pertain
ing to realty activity in the last six
months, it was only lately noted that
not less than 200 homes (the complila
tion referred to dld not include sales
by all agents) had been purchased
involving a otal conslderation of more |
than $1.500,000. These figures wera
accurately compiled by a Jeading
realty agent, and were confirmed by
a large number of other dealers, |
The homes Included on that com
plled st were boughit not as invest
ments to be held for a time and then
resold, They were actual home pur
chases—whére the owner moved into
the house to make it his permanent‘
home, |
The larger number of those sool
homes were of the higer class rqosi-}
denoe, ranging In value from SIO,OOO
to §BO,OOO. A large percentage, how
ever, was medium-priced—§4,ooo to
SB,OOO,
Bungalows In Demand,
These transactions, for the most
ru't. involve the moélum-pflcod and
ower-fflced homes, The volume is
daily increasing, so much so, that
it has brought about somewhat of a
&mlur state of affairs in-realty cir
es.
Tast weak one leading firm adver
tised for bungalows. They had com
pletely sold their listings of this class
©f homes. Numbers of their clients
continued to demand them, so the firm
went to other agents to flll their or
ders—lif they Indeed could be filled
at all. And it is well to note that the
purchasers did not want to rent, but
wanted to buy.
Many agents state that the situa
tion amounts to a removal of the ten
ant from his rented home to give the
xnroh::,r possession, This is being
one every week, and many times, too.
One agent even declared that a pur
chaser tended a tenant, who occupled
the house he had just am}ulred, two
hundred dollars in cash if he would
move out and give him immediate
Koauesslon. The tenaut refused, for
is lease protected him, and his mov
ing would have raised the big question
of “where to go."
Homes now helng occupled by ten
ants, it 1s strongly contended, will,
in the larger part, by next August
be recorded In the name of a pur
chaser who either will be the tenant
now occupying the house, or one who
for years only rented, The buying
of homes is now the strongest argu
ment t othe tenant ilf he is to be as
sured of anything like a permanent
home, »
Possession Clause in Lease.
On the other hand, the majority of
leases now being made embody a
clause whioh gives the agent right to
have possession of the property at his
request, and upon abeut 30 days' no
tice, provided his request is accom
panied by a notice to the tenant of
th esale of the house in question. This
is perhaps the only consollation the
tenant now has In the way of as
surance of a long-time occupancy--—
except his lease be one especially
drawn to omit the above-named
clause, and have it specify that he
lease must hold good until a given
time has expired.
This volume of trade does nel
sound of advanced prices. It rarhel
- REAL ESTATE FOR SALE OR
/ EXCHANGE. I
A AAA AA A AAN AN AN
TRADE for city property, 40 acres at
Cascade Springs and 20 acres in Flor
ida. 601 Chamber Commerce Bidg.
FOR SALE--Small home, for exchange,
bargain; by owner. W. H. Lee, 51
Kiillan_street. |
e e |
REAL ESTATE WANTED.
m’vw‘w I
HAVING no need for my large white
diamond #tud and three handsome
rings, total value $1,500, T will exchange
them for real estate if you have a real
Value. Prefer negro renting property
or unencumbered farm near Atlanta.
Address Box 740, Georgian.
’ gt R
SELL YOUR OWN REAL ESTATE, no
matter where it is;, pay no fees or
commissions; sell quickly—and for cash
by using The Simplex Se"lns’ Plans;
§.OOO properties already sold by this
efficlent method; valuable information
{ree, Simplex Co., Dept. 503, 1128 Broad
way, New York. lah
CAN well real estate or business of any |
kind, anywhere, Quick sale. North-
Western Business Agensy. Minneapolls,
B
IWILL rent or buy suburban home: Six:
room house; 2to 6 acrves. Box 753,
Farn Georglan.
R —
TIMBER LANDS FOR SALE.
D A A A AA A A A
TIMBER and farm lands sold anywhere,
List with us for quick handling. Alli
'gon Realty Co., Albany, Ga.
RERGE 10 BCE BN Ay
Ponce Deleon and Bonaventure Site for Structure
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Abovee is the architect’s perspective of what will be one of the largest apartment, houses in the zity will be erected at the
corner of Ponce DeLeon and Bonaventure avenues by the Massell Realty Company, Ben J. Massell, president. The work will
cost mor than $125,000. A. F. N. Everett will act as supervising architect. :
The structure will be three stories, and will have thirty-three apartments, containing 180 rooms. Seven of the apartments
will have seven rooms each, while the remaining twenty-six will range from four to six rooms. Each apartment will be equipped
with sleeping porch and sun parlor an dother modern conveniences. The interior will be finished in bireh, with hardwood floors
throughout. <
The exterior will be/of tapestry brick with terracotta trimmings. Tt will have a green tile roof. The main entrance will
be on Bonaventure avenue, upon which the building will front 200 feet. The frontage on Ponce DeLeon will be 125 feet. Turman
& Calhoun will act as renting agents. The building will be com pleted about the middl\? of August, it is stated.
means that real estate value today
is at one of the lowest ebbs in Atlan
ta hlstory.
And this is mainly the cause of tha
activity, which would have set in be
fore had the prevalling confidence
been sufficlently restored—but it is
now existing, and confidence, plus
low prices invariably result in trad
ing. The confidence that money now
put Into real estate can be got out
again almost at the will of the hold
er, is the big redeeming feature. Land
or a home purchased now will beyond
a doubt bring what it isg valued at now
in a year from today-—it will bring
the present purchase prise, to be sure,
and a handsome profit, the extent of
which-—for it will undoubtedly mean
profit—is now problentatical.
B Want Print
Cloth at Any Price
NEW YORK, Feb, 9.—The print cloth
situation becomes more acute each day,
acconding to statements of miil repre
sentatlves in New York. Buyers In
great numbers are in the market bent
on getting merchandise at any cost
Prices with most purchasers seemed to
be a secondary consideration and one
‘promium on top of another was volun
teered. This extra fraction of a cent
at times resulted in the orders hglnq
accepted, but tended to advance mills
list prices the additional fraction of a
cent huyers offered in order to ‘obtain
stock.
Sellers of print cloths say the mills
are obligated for all the stock they can
fxmllbly deliver up to April. Therefore,
ittle additfomal business can' be taken
except for the second and third quar
ters of the year.
Mills are belng severely hampered by
the scarcity of coal and a number of
them have been closed on other than
coal holidays for lack of fuel. RBesides
the Government has prohiblted overtime
work and has compelled the factories
to discontinue operating thelr prepara
tory mnrhlner{ at night.
1t has been the habit of mill men to do
their wur})lng at njght so that the sup
plies would be ready for the looms the
following morning. Being compelled to
do the preparatory labor in the day ma
terially lessens the mills' output and
Lardens values of fabrics.
Decatur Buildin
Takes Spring Spurt
Building activities in Decatur took
a spurt Saturday when W. H. S
Hamilton, of the Hamilton-Wood
Company, building contractors, ob
talned permits to erect flve bungalows
of brick and frame on King's High
way. The dwellings are to be sub
stantial and well outfitted, and to
cost between $4,000 and $5,000 each.
Another item of Decatur's real
estate market Saturday was the sale
by P. L. Weekes of his handsome resi
dence on Candler street to W, H. Cot
ter, of Atlanta, the consideration be-
Ing reported as about SII,OOO.
Dullness in Busine
NEW YORK, Feb. 9-—A number of
concerns that did a thriving business
when copper, lead and zine were in
great demand with an open market, are
}mnslderhl, retiring from the field. Since
‘the first of the year the business going
through the metal brokerage offices has
been small. Many of the brokers di
not meet expenses in January.
The tin market continues unsettled,
with no spot metal , offered. The
American Tron and Steel Institute sub
committee on tin i{s expected to make
an important announcement on the tin
situation very soon, ’
| i il
NEW YORK BANK STATEMENT.
NEW YORK, Feb 9--The weekly
statement of the New York Associated
Banks¢ shows the following changes:
Average Statement.
Loans, increase, $23 878 000,
Demand deposit, increase, $24,772,000.
Time deposits. decrease, 3‘.136,000.
Reserve, increase, $13,321,580,
Actual Statement,
Loans, decrease, sls 954,000,
Demand deposits, Increase, SBIB,OBO, 000,
Time deposits, increase, 8!4!,060.
Reserve, increase, $2,6997 980, ¥
HEARST'S SUNDAY AMERICAN . A Newspaper for People Who Think — SUNDAY, FEBRUARY 10, "1918
Georgia Farms Now Coming
¥
Into Real Own, Says Agent
By THOMAS W JACKSON,
Prominent Atlanta Farm Land Dealer,
That Georgia, from the standpoint of the individual State,
has for many years enjoyed the distinction of being but one of
the few acreages in America, which, if fenced in, could thrive
[t wwawsg hy reason of its own productions, is now a well
By | § established fact. And because Georgia is one
T his of the most productive States, in way of har
(- WE vesting the greatest volume of its kind of va
iß § ried productions, which in quality are sel
(§ WO domly surpassed, is due to one big thing—FAßM
S Q\&IM N It is due to farm lands, of course, becalllsie
‘l\\l*\\ R §§§ .of the very nature of our lands, together wit#
| “I@l’t\w §~one of the most admirable climates in the coun-
B A g try which makes farming possible, in one form
R g ior another, during so many months a year. But
& g ¢ the nature of the land, in itself, amounts to lit-
E ¢ tle without the skilled hand of the farmer which
caanasmesned has 50 borne down upon existing opportunities
in times past that the land has produced almost miraculous re
sults. :
This has taken place in years past. It happened even beforel
the late-day methods of farming came itno use, and; remembering
this, we ask ourselves, ‘‘What measure of results will Georgia
farmers produce in the future?’’ This is the one point I now wish
to emphasize.
Briefly, Georgia is just now coming into its ‘‘ REAL OWN.”’
It has the acreage, it has the skilled hand, it has the climate, and
the one next big thing necessary to bring it even more in the na
tional eye is, THE IMPROVEMENT OF EVERY UNCULTIVAT
ED ACRE. This ought to be done. Conditions demand it—and,
too, think of the remuneration in store for those who lend a hand.
Farm land buyers must buy today with the intention of con
centrating their undivided efforts upon a given number of acres—
this will mean an almost one hundred per cent production. Tt
means honest money, and plenty of it, going direetly into the
owner’s pocket.
And farm lands today are selling at prices far from being
inflated, rather they are selling lower than they apparently ought
to. The demand is working wonders for more activity, as is seen
in the many trades between farmers themselves—and these trades
disregard, the agent entirely. But the trading shows activity
which is the one thing now making the Georgia farm land situation
such a good one. ; . ' I
[ say, therefore, to any one contemplating going on. a farm:
““Buy now—it will be a saving to do so—and then concen
trate every energy upon getting from the land all it will produce
—and T am-happy to assure you of the best kind of results.”’
Prgi ek T T
- Financial News and Notes .
BRAVE “G.yM. 0. SHORTS.
Despite the trimming dealt General
Motor “shorts” they are not apparent
ly dispesed to cry quits. There are a
number of speculators whe sold “G.
M. O.” short around §O. The 57-pound
advance from that level has not caused
them to ‘“cover,” instead they are still
cocksure they are not amiss in their
Judgment that to be short of “G. M. O.”
at 80 will some day net them good
profits. Meanwhile General Motors
continues to loan at $25 a day for 100
shares.
- - -
MORRIS COMPANY REPORT.
Morris & Company’'s meat business
in the fiscal yeyr ending November 3,
1917, yielded profits of $180.03 & share
on the 33,000,000 capital stock.. This
contrasts with $127.74 a share earned
in 1916 and $77.38 a share in 1915. The
mnmlm%turlug profit nq\oumed *to
$10,358,489 in 1517, being almost double
those of 1918 when the total was $5,604,-
580, FExpenses were $1,394,406. being
only slightly greater than in 1918, when
they amounted to $1 054,386. The com
pany has a capital investment Qf $38.-
000,000, so that net earnings are equal
to 14'%4 per cent on this amount. Tax
reserves in 1917 amounted to $3,877,09%
against $1,064,386 -in 1916. The com
pany’s report states that dressed beef
prices have not ilncreased in propor
tion to live cattle costs and attributes
the expanded profit to returns from
by-products. Tln 1916 33 1-3 per cent in
dividends was paid.
A - -
COPPER OUTPUT REPORTS.
Anaconda Copper began 1918 with
an out-turn of 24,984000 pounds of
copper in January, an increase of 2,-
384,000 pounds over the previous month,
and a decrease ©f some 3,250,000 pounds
from a year ago. Better figures last
month might have been expected, ac
cording to an official of the company,
because the weather at Butte, Mont..‘
has favored operations, but reduced
labor effici2ncy usual in periods of high
prosperity, has cut down production.
Miami Copper reports for January out
put of 4,707.000 pounds, some 200,000
pounds less than December, and 300,000
pounds less than a vear ago. Cerro d=
Pasco produced 6,798,000 pounds in
January, an increase of nearly 500,000
pounds over December. I
Statement of resources and llabilities
at the close of business ebruary 8 fol
lows:
Resources.
Gold coin and certificates in
vanlt, % v v e .8 5,992,480.23
. Gold settlement fund . . . 19,653,000,00
Gold with foreign agencies . 1,575,000.00
Gold with Federal reserve
Agent .., . 0T 4L 06, 00
Gold redemption fund , . . 1,140,100.00
Total gold reserve . . . .$75,062,255.22
Legal tender notes, silver,
880§ s ie ik VR Al % 100,648,25
Total reserve. . . . . .$76,812,900.47
Bills discounted, members .§ 8,640,842.57
Member banks’ collateral .
notes: . ~ ..y O . .1900:000.00
Bills bought in open market 6,634,495.24
Municipal warrants. . . . 134,532.67
United States long term se
curities (bonds). . . b 5,369,450.00
| United States short term se
curities (certificates). . 1,591,000.00
Total earning assets . .$24,270,320.48
Transit items ", . . .', . $11,658,432.78
National bank notes . . . 2,278,980.00
Mutilated currency forward
ed for redemption . . 66,000.00
All other resources , . . . 2,039.464.23
Total resources . . . .$117,126,097.96
Liabllitles.
Capital paid in . . . . . § 2,866,950.00
Surplve. sand, T L, 40,000.00
Government deposits . . 3,9850923.28
Due to member banks, re
serve account . . . . 40,998,927.27
Due to nonmember banks,
clearings account .. . 3,548.87
Due to other Federal reserve
i e SRS ETR REIEE YT X T
Transit items . . . . . 9,134,431.72
Federal Reserve notes l“c
--tual circulation. . ~, . 57,835,205.00
All other Nabllities . . . 216,219.37
Total liabilitles . . ~ .$117,126,097.96
LIVE STOCK MARKET, |
CHICAGO, Feb. 9.—Hogs, . receipts,
28,000; markets, slow; mixed and butch
ers, 16.10@16.15; good and heavy, 15.90@
16.656; rough heavy, 15.90@16.15; light,
16.00@16.65; pigs, 13.00@15.26; bulk,
16.00@16.60. |
Cattle, recelpts, 4,000; markets, weak;
beeves, 8.40@18.90; cows and heifers.
6.25@11.65; stockers and feeders, 7.20@ |
10.40; calves, 9.50@15.25.
Sheep, receipts, 7,000; markets, slow
and weak; native and western, 13.00@
13.40; lambs, 14.25@17.70.
ST. LOUIS, Feb. 9.—Cattle, receipts,
1,200, including no Southerns; market,
steady; native beef steers, 8.00@13.50:
vearling steers and heifers, ‘7.00@13.50;1
cows, 6.00@11.50; stockers and feeders.
6.00@10.50; calves, 6.00@16.00: prime
Southern steers, 7.50@10.00; beef cows
and heifers, 6.00@10.00; prime yvearlings
and heifers, 9.00@12.50.
Hogs, receipts, 1,100; market, 20@25c
lower; mixed, 16.20@16.45; good, 16.256@
16.50; rough, 15.00@15.25; lightsy 16.00@
|l2i‘?\ pigs, 12.25@15.00; bulk, 16.15@
Sheep, receipts, none; market un
changed.
P s L i eSS
ATLANTA COTTON SEED PRODUCTS
Crude oil, basis prime—February and
March, 17%.
Cotton seed. 7 per cent ammona—
February and March, 47.50.
Cotton seed meal, 7 per cent, Geor
gla common rate pbint—February and
March, 47.50.
Cotton sed hulls, sacked—February
and March, 24.00@24.50,
Cotton seed hulls, 100se—February and
March, 19.50@20.00.
Linters, clean mill run—February and
March, 4%@5.
STEEL ORDERS INCREASE.
NEW YORK, Feb. 9.—ln its month
ly statement issued at noon today the
United States Steel Corporation re
ports unfilled orders on its books as
of January 31 last of 9,477,853 tons.
This comypares with" 9,381,718 tons on
December 31 last, an increase of 96,-
135 tons, and with 11,474,054 tons on
January 31, 1917.
MONEY AND EXCHANGE.
NEW YORK, Feb. 9.—Money on call
this week ruled between 5% and 3 per
cent.
Time money was dull this week, with
rates 6 per cent on all olasses of col
lateral. 5
The mercantile paper market was
limited with rates from 5% to & per
cent.
METAL MARKET CLOSED.
NEW YORK, Febh. 9. —The metal mar.
ket was closed today. \ N
‘West Peachtree and Mell Avenue
'
i Properties To Be Put
| on Block.
A public sale of more than usual
importance will be held at the court
house on the first Tuesday in March,
sale to, be conducted by Forrest &
George Adalr,
The property to be sold on this oc
casion is a brick dwelling known as
No. 8568 West Peachtree street, locat
ed opposite Seventeenth street, the
tract being 49 1-2 by 200 feet, run
ning back to a 10-foot alley. The
structure is a two-story dwelling for
merly owned and occupied by Thom
as H. Girdler, now a resident of
Pennsylvania.
Court orders also have -been ob
tained to sell the property of the es
tate of Alexander H. Kent, a former
well-known citizen" of Atlanta. Mr.
Kent moved to California and there
died. In his will the Trust Company
of Georgia was named as executor to
carry out its provisions.
The Kent property consists of two
dwellings known as No. 54 Mell ave
nue, near McLendon street, also No.
66 Mell avenue, which is, on the cor
ner of McLendon streef. This sale
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LT - Y 0585 ;
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W Ameri
“Since my return from Berlin, [ have
visited many sections of the United
States. ThavebeenasfarwestasWash
ington and Califoinia. I have been to
Milwaukee, Minneapolis, Chicago and
Cleveland. Everywhere I found the
stink of the poisoned gas propa
ganda of Germany.”
How this propaganda is insidiously intro@uced into
American homes and slipped into school books—how it is
fostered and spread by politicians and public officials
“who venture as near as they dare toward treason”—how
German agents collect money for the furtherance of their
plots in the heart of America, is detailed in the NEW
Gerard articles,—“Face to Face With Kaiserism.”
Here Ambassador Gerard takes up, not only our perils
abroad, but the danger which threatens at home—a men
ace the greater for being secret and unsuspected. The
full extent of this danger and the best method for com
bating it are clearly shown in
GERARD’S NEW
TO BE PUBLISHED EXCLUSIVELY IN DAILY
INSTALLMENTS IN J
THE
—— : "
DALY S SR ——— S EYAY
D=k A““*?\*:' A = =]
CEORGIANGIIEAMERICAN
You can subscribe through any Georgian agent or carrier, .15¢
per week, 65¢ a month, $7.50 a year, or if you live in Atlanta, tele
phone Main 100, Atlanta 8000.
Springdale Road
pringdale Road to
Get $15,000 Home
It was leari®d Saturday that A. BE.
Christopher, formerly living on North
Boulevard, had purchased a lot on
Springdale road, Druid Hills, for the
purpose of erecting a $15,000 two
story brick veneer dwelling. The lot
purchased by Mr. Christopher direct
ly adjoins that of Mark A. Palmour.
Sales of building lots in the Spring
dale road section have taken a decld
ed impetus in the last 60 days, no less
than a dozen changing hands. The
section being practically in Druid
'Hills, is growing highly favorable for
‘erection of handsome homes. |
| G :
ordon Tract Brings
$2,000 for Four Acres
/
J. T. Wimbish, salesman with the
J. M. Brownlee, Realty Company Sat
urday .reported the sale of four acres
in the North Side section to W. T,
Jordan for S. A. Bookheimer for a
total consideration of $2,000. The
average also has a small house lo
ctaed on it \P\H\ich Mr. Bookheimer will
occupy as s home. .
The property will be immediately
improved, as it is the purchaser’s in.
tention to make the small tract of
land yield a large output of food pro
ducts.
will be conducted by Forrest & George
Adair, and prior to the date of sale,
plats 4vill be prepared and distributed
showing the exact size and- location
of the lots.
Lot Bg' 2
ots Bring $2 000
J. L. Campbell, salesman with th
Charles P. glover Real Estate (op,
psny, with offices in the Thirq Na
tional Bank Building, Saturday an
nounced the sale of four lots Jocate
in College Park for a consideratigp|
of $2,000. The.property was solq son
James L. Wright, Jr., to Dr. Willjap,
Crenshaw, who will improvg the
property.
Mr. Campbell also reported that
property in the College Park section
is now being thrown more thoroygy,
ly on the market, as during the |ag
two weeks many deals have hegy
closed there amounting to severg
thousand dollars.
Sale Nets $6,000
The Quinby Real Estate Excha: ge,
with offices in the Forsyth Building,
Saturday announced the sale of
six-room bungalow for W, H. Tow ery
to P. B. Green, located at No. 48 1.
cile avenue, for a consideration of
$3,000. The lot is 50 by 150.
The agency also announced tha
within the coming month many dealy
which have been pénding for the lag
two weeks will be closed as clienty
who have been in the market so
homes are just mo wready to closg
final papers, the delay being occasion.,
ed by undue weather conditions |