The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-22
A GOOD FIELD FOR INVESTMENTS
Pointers for Local and Visiting
Capitalists.
Opportunities That Southern Cali
-.Sopnia Offers.
General Financial News Foreign and Do
nestle Exchange - Stock and
Bond Quo atoms.
Los ANGELES, Jan, 81.

LOb ANGkLhS, Jhu. ~.
The attention of capitalists is called to the
ield Southern California affords for profitable
investments in the manufacturing line. The
country lying contiguous to Los Angeles is
rich in natural resources that can be probably
developed, and 1t is wonder that more cap
itsl is not seeking investment in this direction.
There is an abundance of raw material in this
section that could bs manufactured as cheapiy
here as elsewhere and the cost of transportation
be saved to local consumers, and great deal of
money paid for i'm port,d articles be kept in
local circulation.
One OF tho chief elements in manufacturing
is fuel. Tho high price of coal aud coke has
been the chief obstacle in the way of new in
dustries. With the development of the local
oil fields and the m proved methods for burning
crude petroleum. the fuel question has been
solved beyond donbt, aud this objection can no
longer be urged as O. bar to the establishment of
manufacturing plants.
The people, however, are tired of seeing COM
panies organized with capital stock
of six or seven figures, OF which about 10 per
centhas been actually subscrib I'd and less than
some enterprising individual begin the manu-
facture of some nativs raw material into flu
shed article that enters into local consum ption,
and enlarge his plant and output as the ds-
maud for the product increases.
As an example Of what might be done in this
direction. tits but necessary to point out that
extensive graphite or plumbago deposit lie I'M
,,,;tk, a 81
Angeles. This mineral has been tested and
found to be- of excellent quality. Now, every
one knows that plumbago, or black lead as 1t Ia
also called. is used for variety of purposes. 1t
is extensively used IN foundries in moldlng
from In the manufacture OF stove polish, axle
grease. lead pencils, etc. As the process of
separating the mineral from tho dross with
which 1t is sesociated is very simple, why would
it not be profitable for capital to develop these
deposits aud at least supply the local demand
Tor black LEAD and the articles manufactured
from it?
Los Angeles county undoubtedly has depog-
It's of sand suitable for glass making. There
probably is no batter opening for the establish
ment of a large industry than glass WORKS at Los
Angeles
There are also deposits oil mineral rai1ts OF
various kinds thas could be manufactured in
Southern California on lagge scale aud find d
ready market. FTP ff
Then there are the cas- or beans, which grow
wild in such profusion on all the valley lands
in Southern California. Why caunot Los An.
geies supply large part of the castor oil that is
used so extensively throu ghout the world?
These are only few OF the ray materials
that abound in the vicinity of Los Angeles
which might be probably converted into fin
ished products
tits interesting to note that some eastern par
ties have recently been making investigations
on the liues laid down in this article, and it
would not be surprising if strangers came here
and made fortunes out of opportunities which
local capitslists have overlooked.