The herald., 1895-11-14
REAL ESTATE AND BUILDING
The Permits Issued From the
City Hall
INCREASE OVER LAST WEEK
Stores Are Few But the HomebuiIders
Are Busy
Renorfa nj SaIes Effected nv Real Estate
INCREASE OVER LAST WEEK
Reports Of Sales Effected by Real Estate
neutrality-suspicious. to Be Made
by the New Owners

Business at the Office of the city super
intendent of buildings during the week
ended yesterday was as lively as III those
days year or so ago when Los Angeles
citizens used to congratulate themselves
upon building rate of ten houses per
day, Tor the permits numbered sixty for
the week or exactly ten for each business
day. 1t is an increase over the number
issued during the preceding week, but
not up to ths standard set during the
summer months. The total value of the
buildings to be erected is SOS, 724, or an
average OF little moro than $1,000 for
each building. The structure representing
the greatest outlay is three-stury brick
to be erected on Second street between
Broadway and Hill, by S, H. Seymour of
San Francisco, tho cost being stated as
SOS, 900. This is the only store building
appearing in the list. In the way OF
dwelling houses there are none of great
cost, though few of moderate size have
been begun Mrs. L. G. Engstrum will
in vest $500 in residence on Towne ave-
nue., between Fifth and Sixth streets, and
Mrs. A. l. Like will spend similar sum
in the construction of dwelling on
Fourteenth street, near San Pedro; Mrs.
Muncy McKrelland and Mrs.W. ii. Wagner
are constructing two-story dwelling on
Eighth street rear Moore at cost OF
$3400, which is the IN ost expensive dwell
ing house represented in the list of per.
mits for the week. There Is something
more than the usual proportion of dwell
ing houses built by capitalists for rent
ho boi fnur ~ tn, ha hIt1lf
on the Kohler tract by W. J. Fisher,
each to contain six rooms and bath and
to cost $685. each; l.. Newerf takes out
permits for the construction OF two dwell
lngs on Plco near Sanford street, the ag-
giegate cost being $4,000, and G. A. Secry
will erect two dwellings on Providence
street opposite Winfield street at an out
lay OF $4,000. a. NJ. RawsoE took out
permit tor two-story Office building to
be erected on Fourth street, between Los
Angeles and Wade streets, to cost $500.
The remainder of the list is made up al
together of small dwelling houses, none of
them costing more than $1,000 and many
of them very much less.
The her and kind of buildings Tor
which permits ware issued indicate two
things. One is that the city is growing
steadily and rapidly, and the other is
that building operations are carried on
with strict regard to demand for houses
ance with that demand.
1t is interesting to note IN this connec-
tion that the records of the county re-
corder show the amount of mortgage in
debtedness accruing day by day and week
by week throughout the county is scarcely
equal to the amount invested in new
buildings in the city. When the large
am cunt of real estate transactions is taken
into consideration. and remem bering
that the largest dealings are the most
certain to be made on the basis of part
cash and mortgage on property purchased
as security for the balancs due, it be-
comes very plain that the city's building
is being paid for ny money coming into
the community in the pockets OF new
corners, and that but paratively little
borrowing is being done of money with
which to build or to invest in business
enterprises.
In view of the expected cessation of
building operations with the beginning
of the tourist season and the near APP
proach of the holidays, the week d record
Is altogether satisfactory one, indicat-
ing steady growth and at the same !ime
q salutary conservatism.