Evening star., 1925-09-14
GOING UP
IN MANY SECTIONS
Florida Prices Now Applied
to Other Real Estate
Much Nearer Home.
BY j. c. ROYLE.

Special Dispatch to The Star
NEW YORK, September 14.-Prepa-
rations are already under way TODAY
to start augmented train and steamer
service to Southeastern and South
western WINTER resorts. although the
volume OF traffic to the Summer vaca-
ton centerS Is scarcely over. Train
schedules have been worked out TO go
into effect in October which normally
are not started until after the holi.
DAYS.
The extent of the interest of land
seekers in Florida is shown plainly by
the statement of Secretary of Interior
work that less than 10000 acres of
pubic lands remain open to entry in
that State, and the announcement
tnat all lands within three miles of
the Florida. Alabama and Mississippi
coasts have been withdrawn.
Coast Property Booming.
In casting up results of the Sum-
mer season. leading realtors from all
sections reported by telegraph today
that the value of real estate in the
United States has been augmented by
hundreds of millions of dollars in the
last year. This increase is most notice
able in sections adjoining the Atlantic
and Pacific Oceans, the Gulf and the
inland waters of the country.
The boom in Florida and California
lands is held responsible by some
shrewd operators. They say people
who have seen Florida and California
and have checked up on increases
in value there have decided property
In the vicinity of their homes has
town for the Government, the great
In my opinion" said Joseph p
Day. who has handled the sales of
| much suburban and resort proper
ties, including the disposal of whole
town for the government, the great
activity in real estate buying at this
time in ocean front communities is
due to realization that prices have
been too low compared with more
| facilities for general profit.
Buy Land at Home.
The automobile has made travel
ers of everybody. When people re-
| turn home and find it possible to buy
| building lots at one-sixth to one
| eighth of the sum demanded for sim
| liar plots in distant sections, they
! wake up and commence to buy"
| The passing of Summer has not
checked this buying or building. Real
! tors admit freely that some of the
price advances have been out of all
reason, but they maintain that the
| general level will continue high.
Samuel ?. Leeds, president of the At
| lantic City Chamber of Commerce, in
| outlining the situation for investors,
said: "Sift the ashes out of the coal.
| There are plenty of ashes. Don't buy
anything you can't see and be sure
what you buy is what you think you
are buying. That goes for real estate
| in New York. Chicago. Atlanta, New
Orleans, Florida, California or Kan
| chatka."
Migration Causes Alarm.
Some Of the communities of the
South are worried at the migration of
their citizens to Florida. A serious
effort is being made in Virginia today
! to promote a wide advertising cam
paign not only to attract new resi-
! dents but to retain present inhabit-
| ants. Georgia, Alabama, the Caro-.
linas and Tennessee have contributed
both population and capital to Florida
but clear-headed business men say
/ their position has been strengthened
not weakened
| In Atlanta, for example, $500 post
Office addresses have been changed TO
! Florida points in the last year. but
! post Office authorities say $500 new
addresses have been added in Allan
Telephone installations have increa sed
bank deposits have risen SIT, 900, 600
and building operations have exceeded
| 81 ,250,0 900 a month in that time
! Other alert States and communities
of the South are capitaliZing their
share of the great movement of popu-
| lation southwark. The lands of the
Gulf coast from Alabama to New
activity
iCopyright 1921