The herald., 1897-07-11
Totals 81. 1926, 44 Sc, ,76S. $40 SO. 1906 Ala
MORTGAGES-LOS ANGELES COUNTY
Totals ........A, ,557.322 $40, ,453t91 $685. 96s
RELEASES-LOS ANGELES COUNTY
stalls ....... SO 53l, ,75o s2,sss, ,s75 s44O6, ,o1o

+ + +
corded in this county yesterday, aggre-
eating $50, the largest being for $4,000 for
two years at 101s per cent. given by e. c..
Webster and wife and H. II. Markham and
wife to the State Loan and Trust company
of Los Angeles part of lots % and 2,
Webster & Strattons subdivision
The transfer was recorded yesterday of
pars of block g Ords survey, from the es-
tate IF John G. Downey, deceased, to H.
c. Wiley for s55, 900.
The real estate transfers recorded in San
Francisco for the first six months of 1897
amounted to &c. Oh, and according to the
Real Estate Circular there was no i'm
provement in the prices of any kind of real
estate during that period. The mortgages
during the same time amounted to $685.
59S and the releases to $5,651 $50.
4 4
Referring to the imitation that has existed
in San Francisco real estate, Magee & Sons
have the following to say in their current
circular:
Five to eight years ago workngmen did
without lunch to attend credit auction sales
at the noon hour, where they buried their
hard-earned coin. We then advised and
protested against purchases at such sales,
but buyers did not heed Bidding and buy
ing went merrily on. Anything then would
sell in the excitement and competition of
the moment. Today very few auctions are
held, and lots offered at them are either
not sold at all or slaughtered. 1t is easy
to sell property in good times at high
prices. One man buys and sells at profit
to another, who repeats the operation, and
nf
and depression falls on the market. But
the last man is not the only loser; the
whole community in which such gambling
existed is harmed and sooner or later each
one of the spectators who thought he was
getting rich discovered that he contributed
to his own downfall while he was arrang-
ing that of others. A high temperature and
quick pulse do not denote a healthy body,
any more than imitation and speculation
indicate permanent prosperity.
+ 4 =
r. G. Dun & Co.'S Monthly Review of
Trade Conditions in Southern California,
says: General trade throughout the coun-
try shows no expansion and most of the
staples registered a trifing decline in
prices, due to usual midsummer dullness.
The woolen mills are receiving better or
ders and prices incline to advance. Rail-
road earnings are improving, bank clear
among business men that with the ad-
journment of congress will come a larger
volume of business and that the fall will
usher in period of undenied prosperity.
Foreign trade is still in a healthy condi-
ton, with a balance of trade in our fa-
vor. In our immediate district, where so
much of our prosperity depends on crops,
1t is encouraging to find reports continu-
ing favorable for most agricultural prod
ucts and deciduous fruits. Grain harvest
ing and hay balng are progressing. There
Is an increased acreage in both barley and
wheat, especially wheat. The bean crop
Is good, smaller acreage in limas, other
varieties nearly normal some bean land
this year being planted to barley. Sixteen
thousand acres are to beets this season,
$4,000 of which will average liz tons to
the acre. OF the deciduous fruit the
prune crop only will be light. The
apricot is now being marketed. The out
put is large but the fruit is
small. The prices offered in the east
ern market are low and the shrewd grower
is drying his product. The berry crop is
heavy California this year broke all
other June records for green fruit ship
ments. Oranges are reported dropping
freely. but the lowest estimate places the
output of the coming season at $1,000 car
loads. Prices for lemons are still low.
The new crop of honey is being sent for
"1iu - 40 VI eACellenC quality. line
opening price is lower than last year and
some producers are holding for an ad-
vance. The mining and oil industries are
extending all the time and there is more
activity in building in our southern cites,
which is a good index of prosperity. Fail
ures for June in our district IA; liabilities.
$4,000; assets, $4,000.
+ +
Government receipts for the month of
June amounted to 708. which rep
resents an increase of nearly IS, 800, 900 over
the preceding month, and of about the
same amount as compared with the corre-
spending month last year. The increase
was due to receipts from customs, which
have been augmented because of the ex-
pected passage of the tariff bill. The ex-
penditures for the month amounted to a
little under $2S.0000OO, which represents
a decrease of little over $6,000,00 as
compared with the preceding month, and
of nearly 81, 900 as compared with the
corresponding month of last year. The
figures for June complete the statistics for
the fiscal year, the most notable feature