Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-12
TINES PROVE
PROSPERITY
A REAL|TY
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 10 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 a
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 10 be loaned
on mortgage again find sums at their
disposal.
No pessimism Is found III the ranks
of those who have done as much or
more than any other class for the
upbuilding Of the city.
Business Good, Says Adair.
Forrest Adair is optimistic.
Real estate business is good" he
saws. 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 filling orders. There are
more people on the streets than ever
seen before in Atlanta,
81 go to New York Ave or six
times a year, and every time go
swear I never want to go again.
In New York. anyone is bound to be
depressed by the talk he hears. At
Ianta ought not be concerned by
this"
More Money Coming South.
The South should profit II there is
depression in the East and the North,
in the opinion of f p. Ansley.
Quiet times necessarily build up
large reserves of ready cash. These
must he invested. If there is de-
preston in the East, what is more
natural than that the big corpora
tions should turn their attention 10
the South" he reasons.
Il have in mind financial
representative of one of the greatest
insurance companies. who has been
i'm Georgia for some time looking at
the situation. am certain his com
many will 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
ary or regular income Of any kind
can buy property now TO good advan-
tage He does not need TO worry over
the troubles of the big financial cir
Giles.
Bio Demand for Homes.
"PuiIding has not halted. Col J. *.
Pound. builder Of the Ansley Hotel
defends mis- 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" says :. B. thurman.
i might bring it closer to date and
say that things look better even than
two months ago. We handle consid-
cradle sums of money, loaning the
funds on mortgages March I, or
therea bouts. we found it difficult 70
get money for such purposes With
In the past 80 days, though. it has
become available.
Few Vacant He-ses Here.
There are fewer vacant houses in
Atlanta than ever before seen at this
season Of the year. Offices are in
demand also. I look 10 see the new
office buildings filled without any loss
70 those already occupied