Substantial Improvement at Atlanta.
Real estate is getting active at Atlanta. One firm alone, since January 1st, has sold $128,000 worth of property in the city and vicinity. Samuel Goode, a realty expert, gives the following opinion of the outlook in Atlanta:
“The practical certainty that the United States prison will be located in Atlanta, the direct probability that the Grand Army of the Republic will hold its next convention here, and the settled fact that the greatest exposition ever seen in the South will be opened here in 1895—these things combined have given our people hope and confidence in the continued rapid growth of Atlanta, and the timid have begun to find courage enough to turn their money loose for loans and direct investments in real estate. Indeed, the change for the better has been very perceptible to dealers in the last sixty days. It is not any particular advance in prices which is so marked, because, in this respect there has never been any falling off, but it is the fact that people are beginning to buy at the normal prices. The best prices realized for property at all have been obtained within the past six months.
“Another evidence of returning confidence and activity is found in the desire and willingness of owners to sell their property at auction. We already have a variety of property to be thus sold early this spring. There has been a spirit of fairness and liberality manifested by our citizens, one towards another, in the past year, which is truly commendable; and the result is that creditors basing their security upon real estate have not forced property for sale and broken prices and distressed if not ruined their debtors; but they have exercised a wise forbearance, and will soon be rewarded by full payment of all that is due them, and values have been sustained in Atlanta as in no other city within my knowledge. All signs point to an active spring market, and to the investing here of much outside capital.”