Los Angeles daily herald., 1888-05-27
SAN PEDRO BAY.
what q Correspondents Thiu
Our Outlook.

" s1@@s - *4k@@ =
Our outlook.
Near the close OF last year . n
company was incorporated unQ@
name Of the San Pedro, Los Aneol9
Utah Railway Company with .
authorizing the construction Of =
road from Sau Pedro Bay nortnY
through Los Angeles and PasadC
Keeler, the southern terminus q
Carson and Colorado Railroad Co
on OVENS Lake. The company
capital stock OF $4,000, 600, and q
to build during the coming season
San Pedro Bay TO Pasadena.
also purchased the seven miles q!
alreaoy constructed from Pasadeno
ward TO Altadena, which becomes
OF the main line OF the company
projectors of the road have al1
chased $500 acres OF land at Sail
Bay, having q water front OF one -
half miles on the inner bay, aud
the same on the ocean front outstQ(
bracing one OF the finest beacno
some Of the most eligible lands
found on the Pacific Coast.
1t Is intended that this road sh|
for ct least fifty miles north OF San
Bay, an independent terminal g.
the use of companies whose lines y
proach this city from the nortffI
currently reported that the UnioV
Chicago, Rock Island and Pacific,
Burlington and Quincy, Carson 5
orado, and Denver and Rio GRAND
road Companies are projecting ex1e
to Los Angeles city and the coesss
San Pedro, Los Angeles and ufa1
would give each or all OF them ace>
the coast from their points Of inter-
Of its line free and independene
control or influence OF either the
ern Pacific or Atchison, Topenl
Santa Fe Company.
That some idea may be formed
present enormous commerco q
Pedro bay, 1t will be in order 70 4
the harbor reports show that the
received by vessels and forwarded
wtrd by rail during the year lde
following quantities;
Lumber. III, / 80, ,2s5 feet. 2s, 9!
Coal. ,...... 13l,Ozz tons .-.. ~,
Gsnl mdse.. "A, ,436 tons. $50. 4sE
Teal. l....................... 49,
Daring the months Of Janus
February, 1888, the Southern
moved &c, 900, 600 feet Of iumbo4
San Pedro Bay, and the indicat!
| that the enormous business Of q
| for last year at that point will Be \
increased during the current year
The gross earnings Of the So1|
| Pacific Company on its branch j
tween Los Angeles and San Pedro
about twenty-seven miles--ss g.
for 1857, were 81 ,065, 900, or at the
little over $40, 900 per mile, =
rate per mile than is earned by ct!
Boston and Albany, Old Colony,
ind Maine, Boston and Provl
Providence and Worcester, New
New Haven and Hartford. "
| II the new company shall get on
half Of this enormous business
have q net income which will n
any one who is not personally cod
of the business situation here,
worthyof note that the water front
Pedro Bay is now being rated 81.
prices than almost any other prog
this locality. The managers Of q
scheme were wise enough to AMI
the wants OF commerce when th|
chased the 2800 acres of land abl
| ierred 10, which embraces Ratl
Island and large body OF adjaceu|
Az much as $500 per front foot of 4
the bay is reported as having beer
to the Southern Pacific ConpanQr
ell the beach property on the ocoo
at all the watering places In this
is rated at . correspondingly bigL
The value Of property On San PED
is likely to show still further incr|
the near future. 1t Is currently n
here, and on apparently good an!
that certain capitalists in Caliiorrl
York and Boston are now maturin
for the establishment Of . line Of a
TO run between San Pedro b
China. No doubt some OF these
are interested in the Union Paci
cago. Burlington and Quincy, q!
Island Company, no one OF VII
csives freights from China, until
has paid tribute to the Central Pl
Southern Pacific road.-[CoT.
Tiuaa