The herald., 1897-04-29
INSURANCE

INSURANCE
The regular monthly meeting of the
Los Angeles board Of fire underwriters
held on Tuesday. was but slimly at
tended, only twelve agents being pres
ent. J. Il. Griffith occupied the chair.
The committee appointed to draw up a
circular letter to the home Offices of the
companies was discharged, no action
being taken to forward the object for
which 1t was appointed.
The feeling among the agents. which
was very strong for a time, has quieted
down, and while the majority of them
nurse an injured feeling on account
of the treatment of the managers in
cutting down compensation, 1t is evil
dent that no concerted action Is likely
to take place in the shape of resistance.
Every agent will do the best he can for
himself and some are doing better than
others already.
Charles C. Hine, editor and publisher
of the Insurance Monitor, died at his
home in Newark, N. j., on the 18th inst,
after brief illness. Mr.. Hine was born
December 21, 1926, at New Haven, Conn.
New York Is to have another fire COM
pany, the Metropolis Fire Insurance
company now being organized by T..
A. Temple e. Son of st. John N. b., for
merly connected with the Keystone In
surance company of that city. 1t will
have 100000 capital and 100000 sur
plus, and do a general agency business
in the larger cities.
The Southern Of New Orleans has
been admitted to New York, the Pala-
tine to Ohio, and the Broadway Of New
York to Massachusetts,.
"A new auxiliary company is being or
ganized by the North British and Mer-
camille Insurance company of London.
to be known as the North British and
Mercantile Insurance company of New
York. 1t will have a capital Of $780, 900.
and a surplus fund of 100000,
and will commence business just as
soon as the legal requirements can be
complied with. The company's present
agents will probably represent the new
company in the larger cities.
The governor of Nebraska has signed
the anti-compact bill. 1t is. perhaps.
the most sweeping bill of the kind that
has been passed thus far. 1t prohibits
combinations of two companies or
agents for the purpose of fixing rates.
the amount of commissions allowed
agents, or the manner of doing busi-
ness. It's violation Is a misdemeanor
punishable by a fine of not less than
s100, nor more than $500. The compa-
ny's license may be revoked IL 1t be
found guilty of being in an agreement
Real Estate Review
The real estate market this week has
not been active, there was little thought
of buying or selling during Fiesta week
and the real estate men say 1t will take
some little time for trade to resume Its
normal status.
A number Of dealers were seen yester-
day, by a Herald reporter, and the out
look for the week discussed somewhat,
with the following results:
W. H. Griffin said: while the market
Is not at all lively, there is much inquiry
for city property. have just closed up
two deals, one, house and lot on Es-
LTelld attHut, SOlu ny hI H. IhGs<5cll
to Mrs. N. A. Harper for $4,000. The Sec
ond was an exchange of an eleven-acre
ranch in Alhambra known as the Glid-
den place, for two houses in the city, one
on Twenty-fifth street for $4,000. and the
other on Figueroa and State street for
$1,000"
Bradshaw Bros. said: "There Is con-
siderable inquiry for residence property
especially in the western part of the
city. We have a number of sales pend
ing but so far have closed up nothing this
week."
Easton & Eldridge said: 1--WE have a
large sale pending just now. We have
sold this week lots in Menlo Park tract,
to Josephine Cole for $1,000. Ten lots on
Twenty-second street to j. H. Brown,
who will build cottages upon them. Col.
Smith of San Francisco has bought
through us two lots on Twenty-second
street, 1O0x150 for 5000. He will build a
$2700 house. We have also made one or
two smaller sales"
Ed D. Silent said: I'VE are doing a
very good business in rents, of which we
are making speciality. While there is
great demand for houses, rents are not
81 Bull as tACy WCiCp tnCIc DClH6 a QIOP
of about 20 per cent. We are also doing
good deal at Terminal Island, which
promises to be the fashionable summer
resort this season. A 600-foot pier is now
building and a great many cottages
being erected, as we'll as sidewalks laid
and other Improvements. Godfrey Hol-
terhoff, J. D. Foster, o. H. Koepfii. Will
Bishop, Alfred Leland and others are
already preparing for their summer
residence at this point. Fred Wood, w.
b. Nicholson, Judge York and others are
building here"
Dezendorf & Young say rents are
somewhat lower, but there is steady de-
mand for houses.
o. P. Lockhart is closing sales on sew
eral small tracts. quite demand being
made for country property.
Ben White reported the real estate
market rather spirited after the Fiesta.
Many sales are on his book and will be
closed up the early part of May. While
things have been quiet as to sales this
week, much interest has been manifest
ed in looking up property.
w. T. Hollingsworth says there Is