The herald., 1897-10-14
OFFICE OF THE HERALD,

aged at the business outlook. The actual
business recorded for the current month
shows an advance of a considerable amount
over September Up to yesterday, inclus-
i've, 426 real estate transfers were filed, ag-
gregating $3.50, ,5S2. and of these 157 were for
nominal amounts. In the same number Of
days 1877 mortgages were filed, aggregating
s24S.240 but the releases more than OFFSET
this amount. as they footed up 100000.
The following interviews, had with some
of the leading dealers. will give fair idea
Of the condition of things:
CLARK & BRYAN say: There is more
inquiry for property this week than we
have noticed for some time. We have no
big propositions on the string at the pres
ent moment but note that the leading fea-
ture Of the revival is the large demand Tor
homes-a bigger demand than we remem-
Der for two or three years. We have three
or four deals of this kind ranging from
$1,000 to $4,000, which is about the average
amount invested. Choice store locations are
in good demand, but the numerous stores
that have been put UP in locations removed
The prospects on the whole are very en-
couraging, and the man that doesn't make
money in the next two years can never
make 1t at all. Orange buyers are thicker
than fieas in Egypt. and all are anxious to
make contracts for fruit. We are getting
a new subdivision ready to put on the mar
ket, and will let you know about 1t later.
GRIDER & DOW: The market is un-
uuestionably looking up, and better feel
ing is shown by the number of inquiries
for property These are chiefly for homes
and for vacant lots for building purposes.
For the past six months or a year the
speculative fever has abated. The build
ing that is being done. and there is good
deal of It, is for purely investment pur-
poses. One $4,000 deal was closed yester-
day on business property, deposit paid
and the title is now being examined.
Building is not being overdone, IN our
Judgment, not while rents remain at their
present figure. In fact, rents in the main
part Of the city could almost be cut in two,
and yet give good return. There ought
to be a better inquiry for property on the
East Side, including Boyle Heights, Brook
lyn Heights and East Los Angeles, which
are lovely localities when you get there,
but the stretch of poor streets that you
have to go through to reach them turns
people to other directions. If the trip could
be made as inviting as 1t is to go in
southwesterly direction. the East Side
would soon be booming.
NORTON & KENNEDY: Yes, the in
quiry is mostly for residence properties
Our sales last week included, among 9TH
ers. a house and lot on Menlo avenue for
$4,000, another on Vermont avenue $1,000.
another on Bonnie Brae street Sl2, 500. an
other on the southwest corner of Eleventh
and Westlake avenue for $4,000. We note
also better demand for improved acreage
property, and we are selling some improved
land. The prospects are favorable for good
business this winter.
JOHN H. COKE: I have a good demand
for outside properties and big sale on
hand, which expect to close up
in a few days. What we want
Is to have the harbor question
settled, and then things will boom
right away. There is quite little doing
in property exchanges. The Workman
tract on the East Side is doing we'll; sew
raj lots in it were sold last week. There
is a steady demand for houses to rent, and
at the present moment have rented every
thing on my list
Ed. SILENT & CO.: We receive good
many calls for lots and houses ranging
from $1,000 to $780, and the real estate mar
ket appears to be on the verge of consid-
cradle activity. The renting business is
very steady. Houses are rapidly filling up
on account Of the number of people coming
in, and the past month has been the most
satisfactory one we have ever had.
HINTON & WHITAKER: The real es-
tate branch of our business has been
quiet of late. on account of our having 80
many other interests to look after. We
note, however. the general improvement
in prospects, and think all signs point to
a big business this season.
STEPHENS & BLINN: The insurance
business gives US a good idea of the ex-
tent of the building operations going on.
The quantity of houses that have lately
been erected is something wonderful. We
would like to insure them ALL
T. E. ROWAN: have clients who are
willing to invest in improved business
property that will pay fair rate of inter-
est, but the holders of such properties ap-
parently think too much Of them to let
them go, and it is getting more and more
difficult to find the snaps that one could
easily pick up some few years ago. Impor-
tant railway developments may be expect
ed soon, which will undoubtedly give big
impetus to business here.
EASTON, ELDRIDGE & CO.: Locally
our business is very quiet but demands for
country property are coming up quite
strong. There have been heavy bookings
on the excursion routes for this winter,
and we expect a big influx of people. We
have continuous flow of eastern inquiries
and could place considerable capital in i'm
proved business property If 1t were not
held so stiff1y. We have one order to in
vest $4,000 in Broadway or Spring street
property on behalf of one of the recent
visiting Masons, as a result of his salts
faction with the appearance of our city
When buyer and seller get closer together
things will loosen up bit; the signs are
encouraging. We are negotiating for IA 900
acres of land with view to the establish
ment of another beet sugar factory. This
is a good thing.
c. A. SUMNER & CO.: We are closing
up our sales of Terminal island lots, one
of the most successful ventures we have
made. During last season we disposed of
66 lots. Eighteen houses have already been
put up. and over 80 more will be erected
r1v n fhA Snrirp We cor cidar thiS ro.