The herald., 1893-02-06


that l mean tenant property. There is
a demand today for from 200 to 800
plain but well constructed modern
houses of from i've to eight rooms.
Owners of close-in vacant property can
get 6 to per cent net on the value OF
ground and improvements IL months in
the year from now on, in fact, it is DOS
itively serious matter-the absence of
good tenant property. | predict pop
ulation of 100000 by '9S This of itself
means an immense appreciation of
values. We will have one, if not two,
additional railroads, which, with
clean, honest and intelligent, as we'll as
an aggressive city and cointy govern
ment, should make Los Angeles city
and county the most beautiful spot in
America. Close-in vacant property
should be built on. 1t will pay good
interest, materially enhance the value
OF the property, to say nothing of the
benefit to the city in providing modest
homes at fair rental for the many fam
lilies that will come to make. their homes
among US in the immediate future"
Gowen, Eberle & Co. were next
asked, "How do you find business,
gentleman" by the newspaper man.
I'VE find that the real estate market
with us is very satisfaci ory; better in
fact for the last few months than any
tine since the boom The inquiry is
daily increasing and sales for good resi-
dence property, agricultural lands and
fruit farms are indicative of a good,
healthy condition, which promises
much in the near future. We find. too,
that the pork packing establishment,
in course uf erection, harbor improve
ments now going on, the smelling
plant, in addition to the immense tree
planting throughout the country is
stimulating the confidence of home and
eastern capitalists to invest in Southern
California property in business way
that is truly refreshing. We are satisfied
with the outlook"
Chapel & Vickery were asked,
"Are you busy nova days ?"
There are some very good sales for
the past week. One handsome resi-
dence on Flgueroa street; also some
choice building lots in the southwest
part of the city. In the country, an
improved ranch near Monrovia also
unimproved land with water in Ontario,
for oranges and lemons. The past
weeks business was interfered with
somewhat by the late rain, which, how
ever, renewed the courage of buyers for
land, assuring for the present coming
season good crops and unstinted pros
perity. Prices in all desiroble property
are steady. The majority of buyers in
the market are close and conservative,
generally taking their time, and care
fully look over the field before invest
ing; when they do, always for imme-
diate use or improvement"
E. r. Threlkeld was asked: "How are
the city and country sales of late ?"
els the demand greater for city or
country property? Just now the de-
mand is greater for the latter. 1t is
usually the case at this season of the
year. There are quite number OF
people here from Idaho, Montana and
Washington to escape the severe weather
they are having there this winter, and
they are inquiring more after fruit
lands than any other kind"
lis there more inquiry for property
now than there was this time last
year,"
"Yes, sir; the year 1892 was almost
entirely devoted to politics, but this
year it is business, and, real estate being
very cheap here (some of our visitors
here this winter say property is cheaper
here than in any other place on the con-
tinent, everything considered) it is at
tracing good deal of attention. We
have no spasmodic boom, but steady,
legitimate inquiry for property because
it is considered 30 cheap"
Thomas E. Beatty said: "Well, sir,
| consider we are now on the eve OF a
genuine boom in. the real estate market
Judging from my observation of the sales
made of late there is lots of business
being done in that direction. Property
is being held at much higher prices. 1
expect to see property double up, if the
activity continues much longer as it
is now"
W. NJ. Whitteman: elbow is business
in your way, Mr.. Whitteman ?" asked
the reporter.
II don't know as my opinion is worth
much, as | am only a two-year tender
foot, formerly member of the New
York Stock exchange.
"My opinion is as l expressed in my
letters to parties in New York, Chicago
and other eastern points where l am
better known.
II do believe that money judiciously
invested in Los Angeles property is one
of the best investments. This city has
great future before it. l think the
citizens realize it, especially the monied
men, who are quietly picking up the
zeal cheap properties. l do not advise
you to go in for turn" go slow, buy
and hold on and every year you will find
healthy increase"
M. P. Snyder "Are you busy these
times, Mr.. Snyder?" was the question
asked the ex.police commissioner.
1.-THE real estate outlook is good. l
have been in the business for eight
years, and from my way of thinking it
has never before been so encouraging.
am receiving a great many letters from
eastern parties inquiring about Los An
geles and its surroundings. Then par
ties say they are coming here to locate
as sooD as they can arrange their bust
ness affairs east. They invariably say
that they are tired of the cold winters
that are 80 frequent there, and are
anxious to come and locate with us in
our beautiful city of Los Angeless There
is more property selling at the present
time than at any other time since 1887.
A great deal of property is now being
sold on agreements. These agreements
are not recorded and therefore do not
appear in the daily transfers. Forty
thousand dollars worth of property has
been sold within the last 80 days on
Angele1o Heights, and all on agree
ments. These have not been recorded
and do not appear in the daily transfers.
Yes, the general feeling is good, and
nearly all agree that Los Angeles city is
on the eve of substantial boom"
Gilbert 4 Gilbert: "Young man, don't