The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-06
REALTY MARKET
SEES NO SLUMP
Volume Of Small Sales Is
Encouraging to- Local
Dealers
HOMES ARE IN DEMAND
One Firm Reports That 1t
Has Been Too Busy to
Think Of Vacation

with O steady undercurrent OF
roist.y.ty small sales holding up
,,o tide OF business in real estate
,brough the summer months, the
absence OF the bigger transactions
mat characterized real estate activ-
uies during late spring and early
usv has in no way affected the
General feeling OF optimism in re-
eord IA business. Indeed, the num-
hor NJ sales OF lots In the outskirts
~ tho city for residence sites would
indicate that the activity In build
ing IL going to hold up well
through the coming year.
Real estate men generally agree
,hat their business was much better
~ through July this year than It
D,s last year. The outlook for
August is correspondingly better
this year than II was last, accord
Inc 10 ]. c. Reddin of Adams &
Reddin, who said that the extensive
building program that is being cnr-
rled along through the summer
months and that is breaking all
nreyious records here In Tulsa. Is
nne reason for the betterment OF
general business conditions. The
major part of the business OF this
firm during July has been small
sales: the two largest ones were on
homes costing approximately $4,000
each.
July sales, Forrest welch Of Alb
bot & Welch said yesterday, have
been better this summer than for
two or three years past. For the
most part sales made by this firm
have also been comparatively small
ones. From the fact that Abbot a
yelch have sold n large number OF
us in the edges of town for resi-
Dental sites, Welch deduces the
opinion that the building program
will continue to be as full as 1t is
now, with n large number OF homes
featuring II this fall
The cuts in oil have not had the
depressing effect upon either the
real estate or other businesses that
might have been expected, Accord
Ing to NJ. J. Glass OF Glass &. Co,
Real Estate. 1t has bred caution In
business dealing and encouraged
thrift and foresight but everyone
feels sure that II is but n matter OF
HhulpuIdAIOls anu DuA IudtLeT vi
time until the prices viii have been
readiusted.
with the coal mines shut down
there is bound to be a greater de-
mand for fuel oil this winter tran
there has ever been, Glass pointed
out, and by the law OF supply a-d
demand the price is bound to &c
IN, SO while business for the pas,
80 days has not been marked by the
biz deals that characterized the
real estate field earlier in the sum.
ner Glass concurs with the other
real estate men in believing that
business Is nevertheless, much bet
ter this summer than IL was last
and is going to be much better yet
The B. r. Farmer company, II;
East Fourth. has found midsumme,
business too good 20 have a vaca.
ton. This firm sold the brick home
al Seventeenth and Beuna Vista tc
ira +. Cornelius OF Muskogee 10,
100000 and handled the deal where
ny j. f.. Putter bought the brick
nome at 1893 South Madison fol
$4,000. The Farmer company solo
j.; k. Livingston a 965-acre farm al
SLOAN Springs for $4,000 and tn,
waite Phillips cottage at AIS Soutt
victor for $4,000. Harry Gore, tn,
iFm reports, bought six lots located
az 1918 West Fifteenth and Frlsc,
i9r $4,000. A. w. Rush bough
the bungalow at 1415 East Fifteenth
LOT SIO'50O and j. w. Dodge bough
new siX-room bunga low at 1g4t
last thirteenth for $4,000.