The herald., 1897-04-22
Bernardino county. offers $4,000 OF its
bonds for sale.
REAL ESTATE

The past week has been given up to
preparation for the city's annual holi-
day. and transfers of real estate have
been few, compared to the week pre-
/ vlous. The larger dealers, with few ex-
ceptions, are hopeful, however, and all
predict a cure and steady increase as
soon as the festivities Of the current
week shall have been concluded. The
greatest call seems to be for improved
acreage. particularly on orange groves
and several good sales are now under
negotiation.
Yesterday afternoon, despite counter
attractions" a number Of dealers were
interviewed touching the situation. and
their statements are herewith subjoin-
ed:
e. p. Bryan, of Clark & Bryan-All
things considered, the past week has
been good. We expect to make some
good trades within a few days. Our
business for the past week. however,
has been confined to cheap lots. although
we managed to dispose OF one high
priced lot. All Indications point to re-
newed confidence, and we are all GER
tain to do a satisfactory business this
summer.
Leonard Merrill-Business Is show
ing a gradual improvement. I have
more inquiry for good properties. both
city and country since April 1st than at
any time since the first of the year. One
remarkable thing is the present condi-
tion of the money market. There is
plenty OF money to loan at current rate.
with very few inquiries. In fact. 1t Is
nard to find good security except atwhat
is considered low interest rate In Los
Angeles. look for good business this
year as compared to last
@. A. Smith of Nolan G. Smith-Pros-
pective deals in country property are
good with u.s. II our representatives In
congress succeed In getting strong
protective tariff bill on fruits passed,
this class of property will be in better
demand than for years past. The feel
ing for country property is better than
1 have seen 1t for years Land is not
held at such exnrhitant figures ss for
merly, and such bill as 1 have men,
toned will stimulate many buyers.
Frank M. Kelsey-I think there Is de-
cidedly firmer tone to the realty market
in the Last few months, the increased de-
mand being most noticeable among in
qulrers for business properties. But
gilt-edged lots are not In the market to
any extent. Owners are filled with con-
fidence in the future Of this city and
most of them absolutely refuse to put
price on their best holdings
w. H. O'Bear of Entler & O'Bear-We
have had very good week, and we think
all lines show q decided Improvement.
Hedges & Kinne-There is no question
but what there is a general improvement
in business. During the last month we
have had correspondence from eastern
people concerning the situation here and
stating their readiness to place any
loans. which. in our opinion. were good.
Our eastern advices show that the opin-
ion there is general that there will soon
be a breaking of the chains which have
so successfully bound the vaults of cap
itai and that good investments here,
whether in realty, commercial or indus
trial enterprises. will receive favorable
consideration. Los Angeles certainly
has a brilliant future, judged by the
present outlook.
Lee McConnell--I am sanguine of
boom in real estate. The recent copi-
Gus rains. which insure abundant crops
of cereals, as we'll as fruits, and the
better prices for citrus fruits indicate
to my mind that country property will
be In good demand during the entire sea-
son. am we'll satisfied with the pros
poets for the future"
Easton, Eldridge & Cove are show
ing our faith In Los Angeles by our
works. having recently made large pur-
chases of acreage. and the constant
demand upon US more than justifies the
prediction that we will shortly dispose
| Of 1t at a reasonable advance.
c. f. Day. am just trifie sweet
nowadays on South Santa Monica. but
believe all portions of the city and
county will show a healthy increase
before the end Of the month. Cash buy
ers are beginning to show an interest
In realty, and as money is cheap and
plenty. there is nothing to prevent
business revival.
Norton & Kennedy reports the sale
Of country property this week, and
stated that nearly the entire number Of
inquiries were made for improved
| ranches.