Los Angeles herald., 1892-07-21
EAST OF THE MOUNTAINS
AFEArRs IN THE EXPOSITION
CITY.
A LuII in the Real Estate Market-sum-
mer Heat and Politios-World's
Fair MonopoIy-Prospects of
Great Movement.
,corresponaence to the HERALD.

Correspondence to the HERALD
CalcAao, July 15.--There is decided
lull in the real estate market in the big
exposition city, so far as relates to small
sales and plenty of them. Agents and
owners who have ground to sell are COM
planning bitterly of dullness in the mat
ter of sales in small parcels. This dull
ness is owing partly to the time of year,
these being business vacation days."
and partly because prices have been
doomed up to such enormous attitudes
that buyers are becoming timid. There
are occasional sales of large tracts to
heavy syndicates, that buy for the pur-
pose of either subdividing and reseiling
or erecting hotel or some other rentable
buildings on the grounds. But the gen
eral market plainly Indicates that the
top of the boom has been nearly If not
quite reached. A few months hence
there will surely be a collapse in prices
of Chicago realty, and then thousands
of persons will find themselves left in
the cold. The boom here has not even
"climate" for a foundation. In fact, the
less said about the climate of Chicago
the better for the city. There is no
apparent check. however, in building
operations, nor in the numerous
other improvements in each division of
the city. Even the summer heat and
the excitement of politics have not as
yet seemed to interfere with the tearing
down of old buildings, the erection of
new ones, and the construction OF va
rious lines of railroad for local trans
portation. These things go on daily,
with tremendous rapidity, in spite of
hot weather, thunder storms, political
discussions and campaign wire-puliin
The fact is the campaign has not yet
really opened here in any public man
ner, at least not on the Democratic side.
Thus far all movements made by the
Democratic committees in the city and
county have been of preliminary char
acter, simply preparatory to the battle
that will soon begin. AS yet there has
not even been ratification meeting
held in the city, though preparations for
such demonstration are at last being
made. In a few weeks the great battle
will begin in earnest. Both sides are
well organized, with able state commit
tees established in commodious head
quarters in this city, and plenty of
money for campaign purposes. The
Democracy will make desperate efforts
to elect its state ticket and secure the
electoral vote of Illinois for Cleveland.
The Republicans will strive equally hard
to hold the state in line. An interesting,
exciting and pyrotechnical contest will
be witnessed all along the line, from
Wisconsin to Cairo.
The local directory OF the Columbian
exposition. l regret to say, is recently
manifesting disposition to ''stand in"
with rich syndicates and corporations
for monopolistic purposes. The actions
of the directory in giving to certain
powerful combinations special privileges
in the matter of transportation to, from
and over the fair grounds, have aroused
the indignation of the people, thousands
of whom subscribed literally to help the
enterprise, never dreaming that they or
grounds unless they patronized certain
specially favored steamboats,, carriages
and cabs. If the managers do not let
up on that kind of business very soon
they are liable to hear something drop,
and it will drop 30 as to hurt them, too
Numerous talks with individuals and
several trips into the country where
have held and will continue to hold Cal
ifornia emigration meetings, convince
me that we will witness very heavy
tide of travel to California during the
ensuing fall and winter. Santa Fe rail-
road officials say they feel sure of tre-
mendous overland passenger business,
and they will be amply prepared for it.
RALPH E. HoYT,