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,
The movement linaugurated six
months ago by local realy men to in
orease Atlanta's percentage of home
owners took an impetus in the last
ten 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 gafe
ly to the average prospective pur
c¢haser's account,
Belng Inaugurated primarily be
cause of Atlanta's low percentage of
home owners as compared with that
of citles of like size, the movement
has since been deemed by all con
cerned as essentially imperative. Its
materiallzation will mean restored
realty values, and the investment of
surplus capital in the one and safest
inyvestment —real estate.
Despite 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 compila
tion referred to did not include sales
by all agents) had been purchased
Involving a otal conslderation of more
than $1.500,000. These figures werae
accurately compiled by a leading
realty agent, and were oonfirmed by
a large number of other dealers,
The homes Included on that com
plled list 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 200
homes were of the higer class I\,!-
dence, ranging in, value from SIO,OOO
to SBO,OOO. A large percentage, how
ever, was medium-priced—s4,ooo to
§B,OOO,
Bungalows In Demand,
These transactions, for the most
part, involve the medium-priced and
luwer-frlced homes, The volume is
dally increasing, so much so, that
it has brought about somewhat of a
dpoculhr state of affalrs in.realty cir
es.
Last week one leading firm adver
tised for bungalows. They had com
pletely sold their lstings of this class
of homes. Numbers of their clients
continued to demand them, so the firm
went to other agents to flll their or
ders-—if they indeed could be filled
at all. And it is well to note that the
purchasers dld 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
umh:;gr possession, This is being
xone ery week, and many times, too,
One agent even declared that a pur
chaser tended a tenant, who occupled
the housa he had just uo?ulred. twe
hundred dollars in cash if he would
move out and give him immediate
conoeion. The tenant refused, for
{8 lease protected him, and his mov.
ing would have raised the big question
of “where to go.”
Homes now being occupled by ten
gxtl. it 1s strongly contended, will,
the larger part, by next August
be recorded In the name of a pur
chaser who elther will be the tenant
now occupying the house, or one who
for years only rented. 'The buying
of homes {s now the strongest argu
ment t othe tenant If he !s 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
¢lause, and have it specify that he
lease must hold good until a given
time hasg expired.
This volume of trade does nol
sound of advanced prices. Tt rarhel
REAL ESTATE FOR SALE OR
; EXCHANGE.
BAAAAAAA A A AAAAAAA A A A
TRADRE for city property, 40 acres at
Cascade Springs and 20 acres in Flor
ida. 601 Chamber Commerce Bldg.
¥OR SALE-—Small home, for exchange;
bargain; by owner. W. H. Lee, 51
B M
REAL ESTATE WANTED.
AAP A AN, |
HAVING no need for my large white
diamond stud and three handsome
rings, total value $1,500, T will exchange
them for real estate If you have a real
Yalue. Prefer negro renting property
or unencumbered farm near Atlanm.l
Address Box 740, Georgian. |
7/
SELL YOUR OWN REAL ESTATE, no
matter where it is;, pay no fees or
commissions; sell quickly——and for cash
~~by using The Simplex Selling Plans:
6,000 properties already sold %y this
efficlent method; valuable linformation
iree, Blmplex Co., Dept, 503, 1128 Broad
way, New York.
CAN sell real estate or business of any
kind, anywhere. Qlulcku:an:l“ ‘:fora(?')-
Western Business Agensy. Minneapolls,
Mae.
WILL rent or buy suburban home: six
room house; 2to b acres. RBox 753,
‘fio Georglan.
TIMBER LANDS FOR SALE.
AA A A A A AA A A A AA A
3 lmrzw:ni ?nd ?:}rn: lands sold anywhere,
si with us for quick handling. Alli
son Reslty Co., Albany, Ga.
North Side to Get $125000 Apartment House
Ponce Del Leon 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 gleeping 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
he on Bonaventure avenue, upon which the building will front 200 feet. The frontage on Ponce Delieon will be 125 feet. Turman
& Calhoun will act as renting agents. The building will be com pleted about the middle of August, it is stated.
means that real estate value today
is at one of the lowest ebbs in Atlan
ta history.
And this is mainly the cause of the
activity, which would have set in be
fore had the prevalling confidence
peen sufficlently restored—but it is
now existing, and confidence, plus
low prices invariably result in trad
ing. The confidence that money now
put linto real estate can be got out
agaln 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 is valued at now
in & year from today--it will bring
the present purchage prise, to be sure,
and a handsome profit, the extent of
which—for it will undoubtedly mean
Iprom—lu now problentatical.
‘ ———— o ——————
Buyers Want Print
\ .
Cloth at Any Price
NEW YORK, Feb, o.—The print cloth
situation becomes more acute each day,
according to statements of mill repre
sentatives in New York. Buyers in
great numbers are in the m&arket bent
on getting merchandise at any cost
Prices with most purchasers seemed to
be a secondary consideration and one
‘premium on top of another was volun
teered, This extra fraction of a cent
at times resulted in the orders h&lnq
accepted, but tended to advance mills
list prices the additional fraction of a
c'entkbuyerl offered in order to ‘obtain
stock.
Sellers of print cloths say the mills
are obligated for all the stock they can
roulbly deliver up to April. Therefore,
ittle additfomal business can' be taken
except for the mecond and third quar
ters of the year,
Mills are being severely hampered by
the scarcity of coal and a number of
them have been closed on other than
coal holidays for lack of fuel. Resides
the Government has prohibited overtime
work and has compelled the factories
to discontinue operating their prepara
tory mm‘hlner" at night.
It has been the habit of mill men to do
their war‘\lnx at njght so that the sup
plies would be ready for the looms tlm
followlng morning. Being compelled to
do the preparatory labor in the day ma
terially lessens the mills' output and
Lardens values of fabrics,
Decatur Building
I Tak '
~ Takes Spring Spurt
Building activities in Decatur took
a spurt Saturday when W. H. S
Hamiiton, of the Hamilton-Wood
Company, building contractors, ob
tained permits to erect five 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 §II,OOO.
Dullness in Busin
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
Nmsidarln* retiring from the field. Since
‘the first of the year the business going
through the metal brokerage offices hafi
been small. Many of the brokers di
not meet expenses in January.
The tin market continues unsettled,
with no spot metal ; offered. The
American Iron and Steel Institute sub
committee on tin is expected to make
an important announcement on the tin
situation very soon. " |
et
NEW YORK BANK STATEMENT.
NEW YORK, Feb 9--The weekly
statement of the New York Asseciated
Banks shows the following changes:
Average Statement.:
Loans, increase, $23.878 000.
Demand deposit, increase, $34,772,000.
Time deposits. decrease, 3‘,136,000.
Reserve, increase, $13,321,580,
Actual Statement.
Loans, decrease, sls 954,000,
Demand deposits, increase, SRIB 090,009,
Time deposits, increase, $842.000,
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
o . ¢ by reason of its own productions, is now a well
L BN § established fact. And because Georgia is one
g pro A{f of the most productive States, in way of har
‘\\\\‘\l&‘l‘ h§ vesting the greatest vplutqe of its kmd of va-
B ol ried produetions, which in quality are sel
&BN (only surpassed, is due to one big thing—FAßM
S % LANDS.
A \3'? It is due to farm lands, of course, because
“ll\\W (| of the very nature of our lands, together wit#
i 3 \\\l\\K‘\@“fiy § ~one of the most admirable climates in the coun
g L ¢ try which makes farming possible, in one form
B g sor another, during so many months a year. But
§ ! i the nature of the land, in itself, amounts to lit
t W i tle without the skilled hand of the farmer which
e ssseeed Nas §0 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 before
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 T 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. It
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 theéy 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. : : ' l
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 I am-happy to assure you of the best kind of results.”’
Financial News and Notes
I BRAVE “G.yM. 0.” SHORTS.
I Despite the trimming dealt General
Motor ‘“‘shorts” they are not apparent
1y disposed to cry quits. There are a
number of speculators who sold “G.
M. 0. short around 30. 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
shaves.
. - Ll -
MORRIS COMPANY REPORT. ‘
Morris & Company’'s meat business
in the fiscal yegr ending November 3,
1917, yielded profits of $180.083 a share
on the §53,000,000 vn\zltal stock. . This
contrasts with $127.74 a share earned
in 1916 and $77.38 a share inh 1915. The
manufagturing profit a\nounted «10
$10.258,489 in 1517, being almost double
those of 1918 when the total was $5,694,-
hB4, Expenses were $1,304 408, heing
only slightly greater than in 1916, when
they amounted to $1.034,386. The com
pany has a capital investment @f $38.-
000,000: so that net earnings are equal
to 14% per cent on this amount. Tax
reserves in 1917 amounted to $3,877,099
against §1,064,386 -in 1%16. The com
pany's report states that dressed beef
prices have not increased in propor
tion to live cattle costs and attributes
the expanded profit to returns from
by-products. In 1916 23 1-3 per cent in
dividends was paid.
- - - I
COPPER OUTPUT REFORTS.
Anaconda Copper began 1918 with
&an out-turn of 24,984,000 pounds of
copper in January, an fincrease of 2,-
384,000 pounds over the previous month,
and a decrease ©f some 3,250,000. pounds
from a vear 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 efficisncy 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.
Statement of resources and llabilities
at the close of business February 8 fol
lows:
Resources.
Gold coin and certificates in
VAL, % Ay wog B 550840023
. Gold settlement fund . . . 19,653,000,00
Gold with foreign agencies . 1,575,000.00
Gold with Federal reserve
agent ¢ .- v, - 0T 5 40 ETIIO6 08
Gold redemption fund . . , 1,140,100.00
Total gold reserve . . . .$75,062,255.22
Legal tender notes, silver,
L 0 e wßy W% a 0 %W 1,700,045,
Total reserve. . . . . .$76,812,900.47
Bills discounted, members .$ 8,640,842.57
Member banks’ collateral -
NOWONT o . .oy o .. 190000000
Bills bought in open market 6,634,495.24
Municipal warrants. . . . 134,532.67
United States long term se
curities (bonds). . . 5,369,450.00
| United States short term se
curities (certificates). . 1,591,000.00
Total earning assets . .$24,270,320.48
Transit stems . . . . . . $11,658,432.78
National bank notes . . . 2278.980.00
Mutilated\currency forward
ed for redemption . , 66,000.00
All other resources , . . . 2,039.464.23
Total resources . . . .$117,126,097.96
Liabilitles.
Capital paid in . . . . . $ 2,886,950.00
Surplae fuand e o L v 40,000.00
Government deposits . . 3,985,923.28
Due to member banks, re
serye account . . . . 40,998,927.27
Due to nonmember banks,
clearings account . , . 3,548.87
Due _to other Federal reserve
Dakilew.t oSO T nodl s
Transit {items . ~ . . . 9,134,431.72
Federal Reserve notes l“c
--tual circulation. . ", . 57,835,205.00
All other Nabilities . . . 216,219.37
Total liabilitles , . . .8117,126,097.96‘
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@
16.65; rough heavy, 15.90@16.15; light,
16.00@16.65; pigs, 13.00@15.25; bulk,
16.00@16.60.
Cattle, receipts, 4,000; markets, weak;
beeves, 8.40@13.90; 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; mnative beef steers, 8.00@13.50:;
yvearling steers and heifers, 7.00@13.50;
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 vearlings
and heifers, 9.00@12.50.
I Hogs, receipts, 1,100; market, 20@25¢
lower; mixed, 16.20@16.45; good, 16.25@
16.50; rough, 15.00@15.25; lightsy 16.00@
Hg“)g, pigs, 12.25@15.00;: bulk, 16.15@
~ _Sheep, receipts, none; market un
changed.
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
gia common rate pdint—February and
March, 47.50.
Cotton sed hulls, sacked—February
and March, 24.00@24.50,
Cotton seed hulls, 160se—February and
March, 19.50@20.00.
Linters, clean mill run—February and
March, 4%@5.
STEEL ORDERS INCREASE.
NEW YORK, Feb. 9.—11 n 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 compares with' 9,381,718 ton on
December 31 last, an increase of%s,-
1185 tons, and with 11,474,054 tons on
January 31, 1917.
ii e T
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 classes of col
lateral.
The wmercantile paper market was
limited with rates from 5% to 6 per
cent.
METAL MARKET CLOSED.
NEW YORK, Feb. 9 —The metal mar.
ket was closed today. N
West Peachtree and Mell Avenue
'
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 tc; be conducted by Forrest &
George Adalr.
The property to be sold on this oc
casion is a brick dwelling known as
No. 858 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
Ii - S
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W Amert
“Since my return from Berlin, [ have
visited many sections of the United
States. havebeen asfar westas Wash
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 introd,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 |
THE
\‘\\Gc‘ et ey 315 YAY
.- ~‘ A “T;-_‘:g\;.' o "'&q;fi _ES— S ;‘ =
CEQRGIANCNCAMERICAN
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 lear:®d Saturday that A. BE.
Christopher, formerly living 6n 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 decid
' 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.
»
Gordon 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 ‘}\ifich Mr. Bookheimer will
occupy as His 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.
.
Lots Bring $2,000|
J. L. Campbell, salesman with Iy,
Charles P. plover Real Estate (gp
psny, with offices in the Thirg Na<
tional Bank Building, Saturday g,
nounced the sale of four lots Jocate
in College Park for a consideratioy
of §52,000. The-.property was solq fop
James L. Wright, Jr,, to Dr. W illiam
Crenshaw, who Wwill improve i,
property.
Mr. Campbell also reported i),
property in the College Park sec on
is now being thrown more thorogj ~
ly on the market, as during the lagt
two weeks many deals have hegy
closed there amounting to sevepy
thousand dollars.
Sale Nets $6,000
The Quinby Real Estate Excha, ge,
with offices in the Forsyth Build ng,
Saturday announced the sale of g
six-room bungalow for W. H. Towery
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 that
within the coming month many dealy
which have been pénding for the jag
two weeks will be closed as clienty
who have been in the market fop
homes are just no wready to closg
final papers, the delay being occasion. |
ed by undue weather conditions. I