The herald., 1894-05-18
REAL ESTATE IS ACTIVE.
Some Large Properties to Be
Sold.
TIE Return of George Easton From
San francisco.
Several inside Blocks of Land to Be
Sold by Auction Sale About
the First of tho Month
OF June.

The real estate market is taking on
very hopeful tone and much activity ia
noted along the line. This, in part, ia
stimulated by very active demand for
inside property and the outlook is most
encouraging. One OF the most favorable
signs of the week has be en- the return Of
Secretary George Easton of the big real
estate firm of Easton, Eldridge & Co.
from San Francisco. While in the lat
ter city contract was closed with the
German Savings and Loan society for
the sale, by auction, of several large
properties. The list includes the Wick
cry block, the Roberts block, and
number OF other well known properties,
and it is the purpose to begin the sale
on the I'd of June.
The firm is already engaged in map
ping out the catalogues OF this impor-
tant sale. The secretary of the San
Francisco bank, Mr.. Tourney, will be on
hand during the sale and will be ready
to confirm all sales as they are made.
Undoubtedly this will be the best oppor-
tunity for securing first class property at
bedrock figures ever offered in Los An
geles, and this fact, coupled with the
TACT that the title is to be guaranteed by
the German Savlngs and Loan society,
makes it sale Of great Importance.
Mr.. Eaeton looks upon the general
prospects as extremely encouraging and
announces in the course OF an interview,
that his company propose to push mat
ters with much more energy in the fu-
ture than in the past, as they have Sc
cured some fine properties. In addition
to this they have just concluded arrange
ments for securing large sum of Eng
lish money with which to handle big
properties in this section on the cash
basis, and on Saturday last a represen-
tative of this firm left for Europe to close
up all arrangements. This will put
them in a position to handle the very
best and most sought for lands, such as
are now being held in such large tracts
as to preclude their purchase by anyone
save with immense capital. The money
secured from England is secured OF
mortgage bonds which have been placed
through Sir Richard Webster, counsel
for the queen in the Bering sea contro-
versy. He has already sent out $780,
600 to this state for Investment.
Mr.. Easton, since his return, has been
figuring ON bonding $1,000 acres of land
in this county, and if it is taken it will
make stir in real estate circles.
This auction, set for June I'd, will be
but the commencement of a series of
auctions of first-class properties, and will
be followed on the same general plan as
that practiced by the firm in San Fran
cisco. That is to say. an auction is held
every two weeks, at which miscellane-
GUS list is presented for sale. 1t is ex-
tremely popular and has proven great
success. Easton, Eldridge & Co. are
unquestionably the most wide-aw Ike
and energetic real estate firm on the
coast, and the way that they are con-
! Quoting their safes and advertising Los
Angeles is a credit to them. AS q natural
consequence they are transacting an
enormous business.
Inquiry for the celebrated Wolfskill
tract still continues active, and during
the past month at least IL loans have
been placed with the Pacific Coast Saw
ings society, which society they repre-
sent, and the entire proceeds of these
loans are being used to continue the i'm
provements now in such active progress
on that beautiful tract.