Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-06-06

Since the Tucker Brothers Amuse-
mcnt company, capital 100000, an
nounced Monday that it planned to
build an elegant new thcatcr in Tulsa,
after completing the purchase of the
Overholser opera house, Oklahoma
City's biggest and most beautiful play
house. three offers for sites for the
Tulsa playhouse, to cost Sl5OOOO,
have been offered to Howard A..
Tucker, local representative.
All day yesterday was spent with
one Tulsa capitalist whp is interested
in the new enterprise man who
formerly lived in Oklahoma City and
knows that the Ovchholser theater
property is worth fully $4,000 more
than the purchase price paid by the
Tucker Brothers Amusement com
pany.
Ed Overholser has made n great
fortune out of the Overholser the
ater," said the former Oklahoma City
man. THE Overholser theater, which
cost more than 100000 to build,
could be torn out and the property is
worth S1S0,000 for store and office
rooms" he continued.
Bob Galbreath of Tulsa sold three
fourths interest in six lots adjoining
the Ovorholser property for $l50,000
seven years ago when Oklahoma city
was but a little more than half its
present size. These lots were valued
at the rate of over $4,000 each. Upon
this ratio the Ovcrholser lots are
worth more than total of 100000
for the S5-foot frontage, saying moth
ing of the four-story building, which
is almost new
The Colcord building, II stories
high. the most beautiful structure in
Oklahoma City, is located adjoining
the OVerholser property. 1t Is in the
heart of the skyscraper row. And
Colcord has plans already drawn for
another wing to his mammoth build
ing which will cost more than mill
lion dollars.
Office building space is as scarce in
Oklahoma city today as it is in Tulsa.
oklahoma city has gained over thirty
thousand people since Colcord bought
Galbreath's interests in the six lots.
There is not vacant house in okla
homa city and it is growing rapidly.
Like Tulsa, Oklahoma City is just be-
ginning to grow
Operate Chain of Thcatcrs.
The three Tucker brothers-Dudley
r.. Howard A. and william L.-have
been In the newspaper business in
oklahoma for the last lb years ana
have made success. They have
owned the Oklahoma city Daily
Pointer for over ten years. They now
own and operate the Dreamland the
ater which is a big money maker.
Until the Oklahoma city theatrical
trust bought the lease from under
them on the Metropolitan theater
this. too. was operated by the Tucker
Brothers as tle strikers theater All
theaters operated by the Tucker
Brothers Amusement company will
employ union labor This is written
in the bylaws of the company.
Organized labor combined in Okla
homa City has strongly indorsed the
new theatrical enterprise as a safe
and sound business deal I'M which
workers can invest their earnings. A
limited amount of stock in the $780,
600 corporation is offered at 25 cents
on the dollar. This offer is subject
to an Increase in price any day, how
ever. This stock may all be declared
off the market If the deal to build
the new theater in Tulsa is closed.
Under the pending deal Tulsa capital
lists will purchase all of the remain
ing unsold stock in the gigantic enter
prise.