The Birmingham age-herald., 1924-08-03
RECORDS 60 AS VALUES AGAIN SOAR Off Month Fails To Halt
 Unprecedented
 Activity BUSINESS RANKS
 WITH YEARS BEST Interest In The Northeast
 Section Is Still
 Rampant FOUR HUGE DEALS FEATURE MARKET Total For 1924 Now Above Entire Aggregate Of Last Year
FOUR HUGE DEALS
 FEATURE MARKET

Despite the generally accepted belief that Jyly M -cff, month in the s behg sd hel n fact, the total busi- Aese esiR Rriod, ranks among ssfhe 10. est months. April
 Rd d Tigsuk involved bode Nell f nuat If the most ac- . tive Srfty .i4ks ever known. | Accerding 6 estimate of the deal sin baeed on. th late taxes on deeds pa1f to the probate ifces of Judge i. JssP. Stiles, around $8,5e0, 900 in trans :. feE9 were ree6Saed during the month : Taxes $1.O0 for@Sxery $1 900 in eqtyl involved, amounted ',to .$5,676, repre4 senting $5.676, ,0QsS By conservative, and unusually epted multiplication of one and one-half ,t0stake careSOf the mortgages given ion property, a rough, though faifff aecGFate figure, is de rived. Although tbere are Emo digits available for comparison sinee the state tax became effectiyN 11Etaa fsaa aaa real estate men are .ia the opinion thai Ial J strenuous in histg .issl ! by bs,ildi td unpfeseA tea aa. ia1e e market. heeRm N that sityl akenf syaere forced nd S Sacal ton. ideas. Also, the the tTaders re riR4sined '-in town" k y highly peculatiye tinge to the: sitdaeiOn.
 Interest Divided
 Interest in the market divided be- tween the section to the immediate northeast of the business district, which holds the majority of recently an- nounced building plans, and the south side. The influence of efforts of the Chamber of Commerce, Gen. ". L. Sibert, city and railroad officials to reach some solution to Birmingham's 8 grade crossing problem, undoubtedly accounted for some of this. With the announcement of location of the new federal reserve bank building, Eight eenth street values, also, were trotted out for another run in the spotlight.
 Gigantic among the deals during July was q trade between Drs. Samuel and Frank Nabers and D.. M. Elliott, in which half q million dollars in prop erty changed hands. In this the north east corner of Fifth and Twenty-third street and the Jefferson County Build ing and Loan association building went for the Burnett building. It was turn ed by Herman Rosenhains of the Ken drick- -Chambless company, and A. A. Gambill.
 Credit for the largest sale of the month goes to Jemison and the A. A. Adams agencies. This came in the transfer of the southeast corner of Fifth avenue and Eighteenth street, from the Fifth Avenue Presbyterian church, to a syndicate of bankers at a price reported to be $213,O00.
 Another transaction of interest. in which practically $100,OOO changed hands, was the sale of the northwest corner of Avenue B and Twenty-first street from Henry Ruff to H. c. Ryd- ing. J. W. Ham and R. s. W. Brown engineered this sale.
 Big Profits AIado
 An even larger trade on the south side was the sale of the northwest corner of Avenue E and Twentieth street to Alex KontOs for q figure set at Sl25,OO0. This corner, it develops through the recording of deeds, was juggled twice during the month and on each occasion the prevons owner real ized a godly moargin of profit. T. w. Quinn, of the Moulton company, swung the Kontos transaction.
 Just what August holds for the real estate market is still, of course, an enigma. So far as known there are only a few big deals pending, should action be taken on the grade crossing or any one of the many little develop ments planned for the nOFthaast area come through, the month will likely follow the trail blazed by her specta- cular sisters. However, even should August lapse into dullness, it could harm very little the 1924 record in real estate trading here. In the first nf thn raaav Hao1u kaxa involved around $55, ,0OO, 900, which, it is said. is over the entire sum for 1923, considered an exceptional year" in the