Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-12
TIMES
PROSPERITY
A REALITY
IN SOUTH
Atlanta Real Estate Men Predict
Banner Year-Big Demand
on for Houses.

Despite the apparent gloom in Wall
Street over conditions. no pessimism
is to be found in the South. and bust
ness men here feel that times are
good
Atlanta's principal real estate men
look ahead to good times Business,
they say. is good. and values are on
conservative basis. Atlanta has few
er vacant houses than at any pre-
vious time in the city's history. they
remark They tell of steady demand
for small homes and of an influx of
new population. demanding houses.
Stringency of money is noted. but
already this is being relieved, Men
who handle large sums to he loaned
on mortgage again find sums at their
disposal
No pessimism is found in the ranks
'of those who have done as much or
more than any other class for the
upbu'dng Of the city.
Business Good, Says Adair.
Forrest Adair is optimistic.
Real estate business is good" he
says There is a steady demand for
rental property.
THE tariff is not worrying Atlanta.
Manufacturers are engaged in active
business. and most of them are be
hind in flne orders. There are
more people on the streets than ever
seen before i'm Atlanta.
- go to New York five or six
times a year, and every time ! go
] swear never want to go again.
In New York. anyone is bound to be
depressed by the talk he hears. At
lanta ought not be concerned by
this"
More Money Coming South.
The South should profit il there is.
depression in the East and the North,
i'm the opinion Of f p Ansley.
Quiet times necessarily build up.
large reserves of ready cash. These
must be invested. If there is de-
preston in the East, what is more
natural han that the big corpora
tons should turn their attention 10.
the South" ne reasons.
81 have i'm mind financial
representative Of one Of the greatest
insurance companies, who has been
in Georgia for some time looking at.
the situation. ] am certain his com
pany win on his report begin lending
money on farm lands in the State.
-Four or FIVE others have blazed the
way.
THE man with a regular sal
airy or regular income of any kind
can buy property now to good advan-
tage. He does not need 10 worry over
THE troubles Of the big financial cir
Giles.
Big Demand for Homes.
Building has not halted. Col j. b.
Pound. builder Of the AnsIey Hotel,
defends his investment very wisely.
He points TO the fact that nine out of.
ten offices in Atlanta are occupied by
branches of corporations with home
offices outside of the State. As long
as this exists. Atlanta is bound to-
BE- "a good hotel town. for represen-
tatives Of the home offices must visit
the branches several times a year"
Even compared with six months
ago. the real estate situation shows
an Improvement" saws :. r. thurman.
81 might bring IL closer TO date and
saw that things look better even than
two months ago. We handle consid-
cradle sums Of money. lOaning the
funds on mortgages. March I. OF.
Whereabouts. we found it difficult to
get money for such purposes. With
in the past 30 days, though. it has
become available.
Few Vacant Houses Here.
There are fewer vacant houses IN
Atlanta than ever before seen at this
season Of the year. Offices are in
demand also. look TO see the new
office buildings filled without any loss
to those already occupied.
Il can't see any cause for worry
in the present real estate situation"
declared J. p. Smith. Of the Smith
and Ewing Real Estate Agency. We
have had In the past 80 days more
inquiries for property than We had
during the same Ieriod last year Not
able In This connection is the demand
for good houses.