The Birmingham age-herald., 1911-08-28
REAL ESTATE SHOWS INCREASING VALUES
Remarkable Story of South Highland LOt-COnfi-
 dence Increasing

From the modest value of slo,Ooo six years ago to the present valuation Of s34, 800 is a typical realty increase dis closed here in the purchase by Mrs. Patt:e Jacobs of 100 feet on the corner of Elm street and Highland avenue. Frank B. Fowlkes of Fowlkes Bros. & Co., in speak ing of the sale yesterday, pointed out the phenomenal increase in residence values on Highland avenue and elsewhere In Birmingham, none of which quite reach the figure set in the Elm street traasac- tion.
 The lot was purchased about six years ago from the Birmingham Waterworks company by R. H. Baugh for $lO.0O. IL instantly attracted attention by reason Of it's ideal location, being situated direc,ly in one of the most attractive curves on Highland avenue. Subsequently sale was arranged by which 100 feet of the 246 feet was sold to J. D. Moore for sS,t0o. He secured later 46 feet for $5250, and later the remaining 100 feet for s1o,ooo. The gross valuation was $23, 25O, by which transaction MT. Baugh reaped a profit Of s1s 25O. MT Moore thereupon was besiesed by prospective purchasers and finally sold John l.. Raul 146 feet for 1,000 and then Mrs. Jacobs donated slS,75O for 100 feet situated on the corner, in which transac- ton Mr. Moore secured the tidy little profit of s11 800 on the deal.
 The 14s feet MT. Kaul secured was d. rectly adjoining his handsome home on Highland avenue, but he was persuaded to part with 100 feet by Maj. F. M. Tut wiler. for which about s16,0O0 or s17,00o was paid to Mir Kau, the owners of the property now being MT. Raul 146 feet. Mrs. Jacobs 100 feet and Major Tutwiler zoo feet,
 The transactions have been going ahead since Mir Baugh secured the lot for the modest price mentioned before. The deal erded Saturday.
 Frank R. Fowlkes, who was intimately associated with the various transactions, said yesterday that no lot on Highland avenue that he could point to at this time had passed through so many hands with such amazing profits to all me con- tributors to the sales and purchases. At this time it is understood that the owners could part with their holdings at much greater figure than they paid.
 However Mrs. Jacobs, it Is gathered. intends to erect a home upon the corner thus acquired while Major Tutwiler in tends to do likewise. MT. Raul will use 46 feet as a portion of his lawn.
 Realty values represented in the Elm street and Highland avenue sale are tremendous" said MT. Fowlkes yes terday. '.During the past three days con fidence and courage has developed here as at no period in Birmingham's history. People have great faith in the will of the people and believe that the vast natural advantages of this city will be so pro- gressively developed that Birmingham will shoot upward as never before in her history.
 "I say 1t with all caution and with the utmost considera ton of fact that the owners of property, real estate men and others, feel more encouraged at this time than ever before in the history of this citv Boom times were as a matter of fact great, but with these unpleasant issues arranged for some time, the great ness of-Birming undisturbed, with all the people here unafraid Of the fu- ture, Birmingham is destined to meet ner competitors squarely and she will un- occasionally reap a harvest of unrivalled achievements.