The herald., 1895-05-26
The Real Estate Record For the
Past Week
NO CESSATION OF BUILDING
Purchases Generally for Improvement
or Investment
peyelepment Of the Chino Sugar Beet Section.
Land Deals Giving Evidence Of
Rapid and Healthy Growth


the total amount of expressed considera-
ton being triie less than S30o,00o.
The lands affected are divided be-
tween city and country holdings and
embrace property of all sorts, from
cheap lot purchased with vague hope
that somebody, sometime, will bore well
in the vicinity and strike oil, to lot IN
the business center bought for the imme-
diate erection OF substantial business
structure.
Real estate dealers report their busi-
ness as not rushing. but in steady ana
fair volume nevertheless, with prospects
of steady increase. With the exception OF
oil territory there is really little buying
for speculation. and not very much for
the purpose of holding for rise without
making improvement.
MIR. e. Avery Mccarthy. for merly OF
Los Angeles, but now of San Francisco,
has been IN the city during the past three
weeks. leaving for San Francisco on
Wednesday last. During his stay Mr.. Nc
Carthy effected q complicated partition. OF
the lands of the Hollenbeck ranch with
others in interest, and made or completed
the following sales:
TO S. C. Fuller of Denver, Dudley M.
Irwin and Robert Downey, capitalists OF
OsweSo, N. Y, ITO acres on Covina ave
nue. opposite the b. f. Allen orchard;
112X acres adjoining above to syndicate
of Pasadena and Alkaline, Kan. people.
among them being Messrs. G. 2. Lyman
and Byron Lisk OF Pasadena Milling
company. T. D. Stevens, the hardware
man OF Pasadena, A. W. Rice and W. W.
b. Giles, bankers of Abeline, Kan; 2120
acres. being all of the stock ranch portion
of the Hollenbeck ranch, to GO. Shouse,
formerly manager of the Bixby ranch; 80
acres adjoining the Mccarthy company's
orchards near Covina. to j. V. Montgom-
cry, an eastern man who is now setting
out olives and deciduous fruit trees; 30
acres adjoining to George G. Smart OF
Topeka, Kan, who is also having the
land improved; 143 acres adjoining the
Hollenbec to William Dibble. a young
Englishman who is going to make a
house and lot No. 95l Orange street, near
Pearl, being the premises now occupied
by w. A. Harris, ESQ.,, ), to Edward Hollen-
beck Of Verdugo.
e The remaining lands of the Mccarthy
company near Covina are mostly orange
and fruit lands, about 600 acres, and the
intention is to set it all out to fruit and
olives, the work to be commenced next
season. This company formerly owned
something more than 5000 acres. being all
of the Hollenbeck ranch. but the recent
sales cut this acreage down considerably.
However, the remainder will be highly
improved by the owners and probably
used as a country home when in bearing.
The new county road from Covina to
Pomona, reducing the distance by roap
between those two places some five miles,
has been surveyed. by order OF the super
visors, right through the Mccarthy com
panys property. and the portion scld to
T. Ehpf >, fho Cav 1, Il
Mr.. Shouse will give the land for such
road to the county. they say. if others
on the Pomona side will do the same.
This trip is the first time Mr.. Mccarthy
has been in Los Angeles for about three
years, and asked by IA Herald reporter
how Los Angeles in particular looks, and
the southern part OF the state in general.
replied that he knew it had progressed
rapidly from all accounts, but was sur
prised at the wonder ful increase in Los
Angeles. and through the country as we'll.
and had no idea the improyem ment had
been so far reaching.
II always liked Los Angeles and South
ern CalifOrnia-always stuck up for it and
its people, and never lost an opportunity
in San Francisco, in the east, or in any
place, when the subject was brought up,
to put in good word for it.
II think you have easily shown that
no boon is needed to increase, improve
ana enlarge tne CITY Win EOou eastern
people, fine buildings and permanent in
vestments. The idea that climate was
the principal or only attraction hers is
changed. and every one now has the ut
most faith i'll Los Angeles future and
commercial importance. The great sur.
rounding tributaries to the city, in orch
ards, gardens and fields will, as they in
crease, increase the importance of Los
Angeles; and the oil weils-they are q
bonanza, and the use of oil in manufac-
turing and as fuel has not even begun to
show its advantages.
''Vive greater Los Angeles con-
cluded Mr.. McCarty; ''also vive greater
San Francisco, for we are progressing
there too-large bodies move slowly, vel
little Los Angeles grown big has been 9
most potent lesson to big San Francisco,
and will show it how to grow bigger
In the line OF sales of property likely
to prove of double benefit by reason Of
careful and intelligent improvement ol
the soil and by sprading abroad the fame
of the county is one reported by Colon
A. H. Neidig, for $4,000 cash. OF iifty-
two acre tract OF the Mauzana COLONY
lands to a Philadelphia business man
The land is now set to almonds, three
years old, and the trees have been wei
cared for and have made q most satisfac
tory growth. The new owner bivs fol
investment, pure and simple. and people
most familiar with the new candidate fol
honor as producer of almonds think
he has Il good thing.
Though not in Los Angeles county, the
Development of the Chino ranch lands is
no less important to Los Angeles than the
Improvement of lands lying within tn,
county limits and much nearer to the
CITY. The Chino Ranch company, with
headquarters at 404 South Broadway. thi!
city. is "making a speciality" of getting
sturdy, industrious men to raise beets
for the big sugar factory and their efforts
have produced a class of tenant farmers
which can scarcely be compared to the
class Of men known by that name in othe,
parts Of the world. The tenant farmer.
under the system recognized in any O
the countries of the old world, aims tc
raise a crop which is sufficient TO live
upon, feeling an entire certainty that in
case any greater quantity is produced nj,
rent will be raised to percentage suf
ficient to absorb the surplus. In any case
his widest dreams do not reach to the
extent of hope of sometime being tn,
owner Of the land which he cultiyates
The Chino tenant farmer, on the othe
hand, begins his labors with the intention
of paying for his farm with the product
taken from the ground and the terms i'm
posed by the com pany are sufficient,
liberal to give, not hope, but certainty
his desire to own his farm gratihed.
The Chino tenant works on shares, tax
ing three-fourths as his own and turnin,
over one-fourth Of his crop as rent. Til
sugar company wants beets, and the ten
ant farmer works on his three-quarte
proposition. stimulated by the knowledg
~ ~ tho ,est farmer will get tho he's