The herald., 1897-10-21
OFFICE OF THE HERALD.
LOS ANGELES, Octo

OFFICE OF THE HERALD.
LOS ANGELES, October TO-
THE REAL ESTATE MARKET for the
past week has not shown any signs OF
unusual activity. but the business, while
It has not been OF sufficient volume to sup
port the army of men who are engaged in
It, yet has been fairly satisfactory. The
records show. up to the 18th instant, in
clustiye:
Transfers amounting to ........".s4l9'sll
Mortgages amounting to ............ 37l ,S59
Releases amounting to .............. aoo' OLD
Building is going along at a good pace,
encouraged by favorable weather and some
of the large buildings are approaching
completion. The Hellman block, corner of
Second and Broadway, will soon be fin
ished and the removal of The Herald to its
new quarters may be expected in about two
weeks The Gardner & Zellner building
on the site of the old synagogue, is pro-
crossing finely. The roof is to be covered
with asphalt, taking about 10000 square
feet. for which the contract has been let
to Conrad Scheerer.
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Homer Laughlin's building. on the west
side of Broadway, near the Methodist
church, is showing itself above ground.
It Is to be 12O feet square and six stories
or nearly 100 feet high. Mr.. Laughlin
takes special pride in this fine building,
and claims that 1t will be the only abso-
lutely fire-proof construction on the con-
tinent when completed. There are half a
dozen immense buildings in New York, one
In Toronto and one or two in Chicago on
behalf of which it is claimed that they
are absolutely f1re-proof, but Mr.. Laugh
lin claims that they each and all have
wood in some part Of them, either in floors,
or door castings or baseboards. The Los
Angeles model building will not have so
much wood in its construction as may be
found In an ordinary pencil. The Laughlin
block will be one of the sights of the city
and will add to its reputation for having
an enterprising and go ahead population.
1t is reported that the old ONeill place,
corner of Eighth and Whittier, has found
a buyer at $4,000. The property belonged
to Mrs. Spence.
The following interviews with local deal
ers are self explanatory:
BASSETT & SMITH 1t is only three
weeks since We opened our branch here
in order to more readily dispose of Po-
mona lands and certain other large prop
critics. We like the prospect SO much that
1t is probable our office here will become
a permanent institution. Everything seems
to point to a good run of business. Our
mail daily brings us numerous inquiries
from eastern parties, which we get through
extensive advertising. Quite number of
buyers seem to be looking for homes.
THE GOWAN & EBERLE COMPANY:
We sold last week forty-five fee. on the
west side of Main street, between Seventh
and Eighth. for $4,000. The property be-
longed to Mrs. DAILY. and it was bought by
Dennis Noonan. We also sold the house
No. 220 West Twenty-eighth street to Mrs
Aicinda Whitson for s27OO, and we have
! several other deals in prospect. The out
look Is decidedly favorable.
MARTIN & KURTZ: We get quite a
number of inquiries from parties in the
east who are looking for ranch properties.
We note also a fair inquiry for residence
property. but have no transactions of any
Importance to report this week. Inquiry
for exchanges keep up all the time.
JOHN L. PAVKOVICH: While there is
not very much doing in the real estate mar
ket, yet inquiry is fairly actce and there are
plenty of people standing ready with money
to buy If owners will only come to their
terms. There is also plenty Of money to
loan. but the difficulty is to find the class
Of security that lenders require.
BEN WHITE: Have no transactions of
much amount to report this week, but
have made half dozen sales of small
properties. Business is being conducted
In a conservative fashion, and while do
not anticipate any boom, yet the prospects
are all fiattering for an excellent market
this year.
CONANT & Johnson: Trade in prop
erty is quite active and we get number of
inquiries from people who have property in
the east which they wish to exchange for
property here Two such inquiries came
today, one from Grand Rapids and the
other from Milwaukee. Houses are fill
ing up and, while there are good many yet
for rent. there are hardly any such that
are fitted with modern improvements. One
0xCellenL luQlCatlOO Is lue UeIuduu we udHe
from parties who want to rent land for
grain purposes. they do not want small
pieces, either, and they inquire for from
one to two thousand acres. We have at
least five applications for every piece of
grain land we have to rent.
o. A. sTASSFORTH: The money mar
ket is well supplied, but the chances for
making git-edge loans are few and far
between. The people who own the best
kind of security are not. as a rule. needing
money just now. This has been the condi-
tion of things for the past six months,
but look for revival soon, as people will
be wanting to borrow money for business
purposes.
The law of property as between husband
and wife is thus explained: AL property
owned by either husband or wife before
marriage, and that acquired afterward by
gift, bequest, devise or descent, with the
rents, issues and profits thereof is the sep
arate property of the husband or wife re-
spectively. All other property acquired
after marriage by either husband or wife
or both is community property; but when
ever any property is conveyed to the wife
by an instrument in writing the presump-
tion is that the title is invested in her as
her separate property; and this presump-
tion becomes conclusive in favor Of pur-
chaser or incumbrancer in good faith,
and for valuable consideration. The hus-
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