The Atlanta Constitution from Atlanta, Georgia • 28

TACE FOUR THE CONSTITUTION, ATLANTA, SUNDAY, AUGUST 3. 1930. Trans CONDUCTED IN THE INTEREST OF DEVELOPMENT OF ATLANTA AND THE SOUTH Candler Apartment Control Moves Out Ponce de Leon Avenue Tenants Moving Into Ten Pry or Building ion 1 1 1 (fir PJTW F't (Bit 4i it 1 SB it i Hi i iff 7 on do on W' iHiiMLK Mil rimilllltqillllhnlll 11 DOOGDU misrfliiiHUjjHU ii 11 II UU Ownership in important apartment structures rising; high above the skyline of Ponce de Leon avenue is being acquired by the Candler interests, according to the trend indicated by recent transactions in this field. Lately announcement was made of purchase of the Bonaventure Arms apartments, at 789 Ponce de Leon, by Asa G. Candler, for $250,000, while some time prior to that Mr.

Candler bought in about 93 per cent of the bonds outstanding on the 1050 Ponce de Leon apartments, paying in the neighborhood of 1600,000. The two big residential developments are pictured alwve with the seven-story Bonaventure Arms to the left and the ten-story 1050 Ponce de Leon apartments to the right. Formal procedure of receiver's sale is to be held on the latter Tuesday. .1 L5 i cost of 43,320 single dwellings in 85 1VM NT URGES Variety is the keynote of the program of popular music by the Hatter's orchestra to be radioed over a WJZ hookup, Thursday night, July 31. TCLASSIFIED DISPLAY" 'LET Home Building Cost Increased In Last 5 Years NEW TAX.

SYSTEM Automotive Father must be prepared to peel off from the bank roll, exclusive of land cost, if he'plans a modest one-family metropolitan dwelling in 19in. That sum is the average building Motor Trucks Resolution of National Association Gains Widespread Interest of CLASSIFIED DISPLAY cities of the nation today, according to a survey just made public here by Henry Klein, of Henry Klein Inc. "The cost of building a one-family home has shown a noticeable increase in the last five years as a result of new refinements in construction and the raising of architectural standards," the survey point out. "Use of wood is increasing in the' construction of homes, due to the recently invented procejss of rendering wood more flame proof and fire resistant than any other building material. Originality of design in homes and the demand for better finishings in interiors have added, of course, to the total cost of building.

"Of all the large cities in the country, Washington. D. with an average cost of $7,489 for 863 homes, shows a higher average expenditure than any other metropolis. The average for Chicago is $6,771 for 804 dwellings and for New York, $6,141, for 930 homes." The survey indicated that apartment house costs per family were lowest in St. Louis and highest in the borough of Manhattan, New York.

8EVEHAI, m(t Chevrolet, in Rood ea ditinn. 1100.00 eirh. INTEHHATIONAL HARVE8TEE CO. OF AMERICA, 180 WhittiU 8. W.

Atlanta. Ga. Phone MA. 4442 Photo by Kenneth Bogera, Staff Fbotograpber. BeinR tenanted is the assuring sign that the Ten Pryor Street building is nearing completion.

Although all the finishing touches have not yet been added to Atlanta's new large office structure. The first tenants, the Fidelity Casualty Company and Continental Insurance Company, of the "American Fore," have already moyed into the, building, occupying the entire fourth floor. Another tenant already in is the L. C. Smith-Corona Typewriters, occupying ground floor store space on Edgewood avenue.

On August 10 the Oberdorfer Insurance Agency and the Western Union branch are scheduled to move into their -leased spaces on the ground floor, while later in the month the north half of the fifth floor will be taken by the Commercial Union Assurance Company. A number of tenants are slated to move in on September 1, including Harland Stationery Company, in the lobby Jellico Coal Appleton-Cox and Cecil Mayer Insurance Agency, on the second floor. Travelers Insurance Company go in on September 15, taking practically the entire sixth floor, while Jacobs Pharmacy will occupy the ground floor corner store at Pryor and Edgewood, beginning October 15. A number of prospects for large floor space treas are now being negotiated with, it was announced. According to A.

Ten Eyck Brown, architect, the possibility of adding the proposed four-story annex at an early date is in view. Automotive that the federal revenue provision as to capital gains be changed so that the rate will be reduced to half of the present 12 1-2 per cent. The preamble to the resolution asking the abolition of the general property tax declares that the financial burden of state and local government throughout the United States falls primarily upon property and mainly upon real estate and declares the tax, irrespective of the type of administration system under which it operates, to be inequitable as between territorial jurisdiction under the authority imposing the tax as well as between types of properties which it attempt to tax, and likewise terms the general property tax inequitable between individuals in relation to the amount of property owned by them. The preamble further points out that state and local governments hare failed to perfect this system of taxation so that it operates fairly. Deduction Asked.

The resolution itself urges the abandonment of the tax as a major source of revenue for state and local governments and the substitution of a revenue source which will have the support of all interested in equitable taxation and in the establishment of a tax system more nearly in accord with modern needs and urges state and local relil estate organizations to work for such changes in the present tax system. The resolution on the capital gains tax asks that the rate to be applied to capital gains, and capital losses should be kept separate and distinct from the rates to be applied to ordinary income. It also requests that the rate on capital gains and allowance for losses A movement for revision of the tax system affecting property owners and traders, which is said to be gaining prevalence among real estate men, has grown out of two important demands made upon state and federal governments at the recent gathering of the National Association of Real Estate Boards. -Adopt Resolution. The convention adopted one resolution asking that the general property tax be abolished in the various states and a second resolution requesting 300 UNITS ADDED TO LIPSCOMB LISTS lies into the city is another, factor pointed to as accentuating the trend toward scarcity of living facilities.

Agents generally are urging tenants and prospective apartment lessors to consummate their arrangements for the new rental year if they want to make sure of desirable quarters. CLASSIFIED DISPLAY should decrease as the number of years the capital assets is held increases, until the fifteenth year, after which there should be no capital gain tax and capital loss should not be deductible. The resolution further favored an amendment to the capital gain section of the income tax law to provide that profit on the sale of realty should be held to be capital gain whenever property has been held for more than three years by the taxpayer, regardless of the business of the seller or the purpose for which he acquired the property. Automotive CLASSIFIED DISPLAY Automotive Management of Large Morgan Wynne Holdings Turned Over. REPORT NEW OFFICE TENANT CONTRACTS C.E.

Freeman SEE RENT DEMAND CLASSIFIED DISPLAY Further increases in the organization of Company wer seen in GRAHAM-PAIGE 1930 Sedan, wire wheels, Sd. Mtg $S75 1929 Hudson Sedan "5 1928 Buick Sedan 1928 Chrysler 72 Sedan 575 Dodge Fast Four Sedan 400 1928 Essex Sedan 285 1927 BuicL Coupe 425 1927 Dodse Sedan 210 CHAMP MOTORS. Inc. The live-Wire Dealer USED CAR DEPT. Spring end Alexander Sta.

399 Sprinf N. W. Open Evening-i JA. 6123 Automotive PICK-UP DN WAY 75 Houston Asa G. Candler, owners of the Forsyth building, announced two new leases Saturday.

One tenant contracted for an entire floor. The Federal Hardware Implement Mutuals. now in the Candler building, leased the ninth floor of the Forsyth building. The company's move-was necessitated by the need of larger space. The lease will become effective on September 1.

The Anderson-Clayton Company, rntfon brokers, lensnl win in th? a cement Saturday of the addition of approximately 300 units of apartments and stores to the rental and lease lists of the prominent broker-agf- The addition to the Lipscomb-Weyman-C hip-man listings is the result of turning over the present rental business of Morgan Wynne, to that office. Ford A tQQC Tudor J)073 Ford A tQCC Tudor pODJ Ford A Sport CQ7C Coupe vJ I Forsyth building containing 3,500 USED CA 5S Closing Out of All Used Cars purchased from Former Cadillac. Distributor. Morgan Wynne, square feet of floor space. This move also resulted from the requirements cf expanding business.

The Forsyth building was remodeled several months ago and several offices were added through the elimination of the Forsyth theater. 50 Gallons of Wine Found in Kansas Jail 41 ts Ford A Sport IQQC Coupe epOaO Ford A Standard CQQfl Coup eJejU Ford A Standard Q9A Coupe )OaU Ford A Cabriolet ipftOO Ford A Fordor ipflOD Chevrolet 6-cji. (f Roadster apaiOO Chevrolet "28 CO OH Fordor lLVJ TERMS TRADES C.E. Freeman Every car in excellent condition consistent with price asked. Coincident with this announcement was the announcement that Morgan Wynne, well-known figure in local and Florida real estate circles, has affiliated himself with the rent and sales departments of Lipscomb-Wey- man-Chapman Company.

The apartments and store units added to. the Lipscomb-Weyman-Chap-man lists are located on the north side, largely in the vicinity of Highland and Xorth avenues, where considerable activity along this line has been maintained by the Wynne agency for some time. Morgan Wynne has been identified locally in the real estate business for for than 12 years. In addition to his commercial affiliations, he is a member of many of the leading social organizations. Outstanding Values in Passenger Cars Trucks '29 Chrysler "75" Coupe; six wire wheels; bargain price.

'28 Studebaker Standard QAf Coupe; rumble seat. pjUU '29s. $700 '26 Graham CI Cfl Truck 27 Ford 1-Ton Truck; I7C '30 tag I '27 Chevrolet 1-Ton Truck; 7C '30 tag I Nash Sport "(T C7C Touring Chandler CCA Sedan J)0U Moon A Sedan 4OU '26 Ford CCA Coupe pUU Rco Sales Service, Inc. 402 Peachtree St. JA.

5821 'TUROX, Aug. 2. (JPh-It's getting so it is unsafe to leave even a jail door open. Constable Frank Verbeck was puz-zled to find a shiny padlock on the door of Turon's jail. Elsewhere this circumstance would not arouse suspicions, but in Turon there is seldom a prisoner and the jail is left wide open for months at a time.

Unable to learn why the door was locked, the constable broke in. He found 50 gallons of wine in the making. Scarcity of Desirable Apartments Hinted in Agents' View of Conditions as September Nears. A brisk pick-up in demand for apartment space is seen for the current month by real estate rental agents throughout the city. Realization on the part of those who have not yet signed their leases for the new rent-year that the sharp slackening in construction of apartment houses during the past 12 months will tend toward a shortage of desirable space is expected to result in a sudden demand for lease renewals and for available listings as the last weeks before moving day are at hand.

The same condition, it is pointed out, makes it probable that apartment rentals for all desirable facilities will continue without any reduction in rates for some time to effme. The expectation voiced by some apartment dwellers that monthly rents would experience a cut in line with the trend of many other commodity prices, will hardly be likely to materialize in face of the specific conditions of local apartment facilities, rental agents explain. Atlanta's rapid growth in years gone by had led to an unprecedented program of. apartment construction throughout the city. Keen competition among builders and property developers led to an appreciable over-supply in the apartment field, which was reflected by reduced income to residential property investors.

Real estate men explain that a period of re-adjustment has since Bet in, but due to the over-supply of apartment space and the competition for tenants, rental prices in Atlanta for several years have been far below the national average. This condition is believed to have discounted the possibility of any further rental reductions. With the retarding of building in the entire residential field witnessed during the past 12 months noticeable particularly in the attitude of apartment developers to await the re-adjustment of market conditions, a shortage of desirable apartments by September" 1 is anticipated by agents. The continued influx of new fami 75 Hourton St. WA.

5877 McCiam-Wiiite Motor inc. 579 W. Whitehall S. W. WE.

2100 1927 $5oo 1929 sr. 54oo 1929 Whippet Sedan 90 I 1929 Ford Tudor J0 I 1928 Ford VQCfl Tudor pOeJU 1928 Ford CQ9C Roadster vOilJ 1928 Ford Phaeton uU 1928 Chevrolet Coupe $100 Model C7A Coupe vU McClain-White Motor Inc. 276 PEACHTREE WA. 6159 "The Old Reliable" Established 61 Years J928 Ford A 2-Pass. COQA Coupe nCtOXJ 1929 Chevrolet CQQC Coach v)7d 1928 Chevrolet Landau Anor Sedan PjD 1927 Chevrolet 2-Pass.

1 Coupe $ltCO 1929 Buick Master 5-rass. Sedan 1929 Buick Standard CfiQC 5-Pass. Sedan J) 1927 Buick Standard COflC Coach QCiiJO 1927 Buick Standard CQC Coupe 1928 Dodge Sen. 5-Pass. Afr -Sedan J)DDD 1928 Nash Advanced CCQC Sport Sedan 1927 Nash Adv.

5 COQC Sedan 1927 Hudson 5-Pass. CQC Sedan 1927 Cadillac tCOC Sedan UD 1927 rat Ward 6 5-Ta. CCOC Sedan apDlvD 1925 Cadillac 5-Tas. i nr Sedan p470 1926 Cadillac 5-Tas. CQOC Sedan 1926 Cadillac 4 -Cass.

CCCC Coupe vDDD 1926 Cadillac 7-rass. CAfC Sedan 47t) 1926 Tatkard 6 5-rass. tfJQC Sedan vOOD 1921 Lincoln 7-rass. C)OC Sedan 1926 Chrysler 80 4-rass. (JQCC Coupe PJUD 1928 Chrysler 72 Town fCOC Sedan 4)DcD 1928 Chrysler 52 5-rass.

OOIC Sedan 1928 Ford A 4 Door COOET Sedan va7) Whitehall Parcel Sold (Tuft (S- CHEVROLETS 1930 Chevrolet Coach, wire wheels. i ,01 trunk, license tag and other extras. Used short time. Save $200 on this one. 1930 Chevrolet Club Sedan' 1' i.

4 i 1930 Chevrolet Standard" Sedan, demonstrator. 20 1929 Coaches, Imperial i Whitehall Chevrolet Company 1929 Chevrolet Sedan; maroon $500 1929 Chevrolet Eedan 450 1929 Chevrolet Coach 450 1929 Chevrolet Coach 425 1929 Chevrolet Coach 400 1929 Chevrolet Coupe 426 1929 Chevrolet Coupe 400 1929 Chevrolet Cabriolet 425 1929 Chevrolet Touring 350 1929 ford Town Sedan 600 Landaus, Sedans, Cabriolets Watch our -window for special values offered every two hours. IPiraoEes Used Cas Pept. and Roadsters. 25 CLASSIFIED DISPLAY BROTHERS Reliable Used Cars 352 1928 Coupes.

Sedans. Imperial i 1 1 I 1 i 1 1 1 1 1 tSy-lja Landaus and Others. Automotive 20 1927 Model Sedans. Coaches, SPRING N. W.

1929 Ford Coach 400 1929 Ford Coach 375 1929 Ford Bport Coupe 375 1929 Ford Eport Coupe SSO 1928 Chevrolet Sedan 350 1923 Chevrolet Sedan 300 192S Chevrolet Coach 300 1929 Chevrolet Coach 275 1938 Chevrolet Boadater 225 192S Chevrolet Laudau 350 1927 Buick Sedan SSO 1927 Buick Coupe 275 1924 Buick Eedan 125 '29 Dodge Senior Sedan Coupes, Imperial Landau-Sedans and others. FORDS $875 295 475 595 485 650 1930 Sedan (3 windows, color 27 Dodge "4" Cabriolet '29 DeSoto 6 Coupe '29 Nash Std. Sedan '29 Ford Sport Cabriolet '29 Dodge Coupe D. A. 1927 Chryeler 'O" Coach 275 gray, new).

"1 1326 Chrraler Roadster 150 1926 Dodge Sedan 150 1930 Roadster, color gray. new. 1927 Chevrolet Landam 250 20 Model A Coupes. Snort Coupes. Tudors.

Fordors, Roadsters, pick-nps. MISCELLANEOUS 1927 Chevrolet Coach 135 1927 Chevrolet Coupe 200 1927 Chevrolet Cabriolet 200 1927 Chevrolet Coupe 175 1927 Chevrolet Touring- 125 1927 Chevrolet Touring- 75 1926 Chevrolet Coupe 60 595 2j5 95 185 95 75 '29 Nash Std. Coupe '28 Chevrolet Sedan '28 Essex Coach '26 Dodge Coupe 26 Star Sedan '25 Dodjre Coupe If -7' rr 1927 Esaex Coach 350 WE HAVE SO others of all models and makes at ridiculously low prices. $30 and up. 192S Eeaex Sedan 325 1927 Eiaex Coupe 150 Peachtree, N.

E. 2D Auburn 1SS Sport Bedan 1500 29 Auburn 685 Sedan '50 '24 Franklin Touring- 25 6tudebaker Touring '27 Ford Koadtter (clean) 135 27 Cleveland Broufham J50 27 Hudaon Coach 28 Buick tight 6 Coach 50 28 Naah 4-Door Sedan '28 Pontine Speedater J9 27 Hudaon Brougham 200 28 Whippet Coach f5 28 Ford Coupe 18 Oakland Coach '28 Hudson Brougham 50 29 Erakine Sedan '28 Reo Sport Coupe 7 9 Oldamobile Coach 50 28 Chryaler 72 Koyal Sedan 685 29 Buick Vaster 6 Coupe 8f 29 Reo Sport Coupe J0 28 Packard De Luxe Sport Sedan 1.195 '29 Franklin Brougham EASY TERMS Jack Phinizy Motor Go. WAlnut 5241 1926 Ford Tuder 100 1926 Ford Sedan 75 1926 Ford Coupe 45 1927 Ford Panel Truck 125 I Whitehall Chevrolet 20 OTHER GOOD CARS $50.00 to $1,000.00 Willis Motor Company 352 Spring, N. W. JA.

4214 Company 331 Whitehall S. W. John Smith Co 530-540 West Peachtree St. USED CAR LOTS Edgewood and Courtland Sts. 541-543 Spring St.

OPEN TILL 9 P. M. I'Uoto by Kenoelh Uocera. ttaff photographer. Modern two-story structure at 66 Whitehall street, in the heart of the retail business jection-between Alabama and Hunter streets, which brought a price of $6,666 per front foot in sale last week.

According to the transaction. F. G. Corker was reported to have bought the parcel from Edward H. Inman for a consideration of 60,000.

The deal wa handled by Perry Adair, Inc. SK THE MAN WHO BOUGHT ONE HERE WAlnut 1629 TERMS WAlnut 1412 TERMS Open Till O'clock.