The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-07-21

The real estate market continues spirit
less, state of things usually expected at
this season of the year. The war has an
additional depressing effect upon the mar
ket, and reports from the large cities show
that that dullness is universal.
In this city the great horde of real estate
men and curbstone brokers is reduced to
comparatively few firms, many of the erst-
while active pushers of landed wealth hav-
ing been absorbed by the army or drifted to
klondike, or sought other occupations.
Some have quietly rusted out. and few of
these may be found after diligent search
located in the Macy recesses of one of the
big office buildings, affording contrast tr.
the pretentious display Of business quar-
tiers in their palmy days.
With the, revival of interest in realty, how
ever, the traders and agents will come out
OF their retirement and flock together as
heretofore.
That there is every confidence existing In
the future of Los Angeles is amply evidenced
by the continuance of building. For ex-
ample, although there are fifty or sixty de-
sirable vacant stores on the three leading
thoroughfares, and many Of these in the
best of locations have stood idle for from
one to three months past, yet plans are un-
der way for building more stores atlonce
All stores of the old-fashioned kind have to
be altered In order to secure new tenants or
to prevent present tenants from moving
away
The southeasterly corner of Fifth and
Spring streets, the property Of Messrs. John
II. Jones and George H. Pike, was recently
partially cleared of its encumbrance Of
shanties by wholesale fire. The owners
are now going to tear down the remaining
wooden buildings and will put up row of
good looking brick stores of the dimensions
OF 70 by so feet each with plate glass fronts
and high ceilings. These stores will face
Spring street and cover 12O feet of the 'front.'
age of the lot.
Plans are being prepared for George d.
Rowan for an up-to-date brick building, to
be erected on west side of South Broadway
between Fifth and Sixth streets. 1t will be
three stories in height, 60x100 feet in depth,
and designed for stores and apartments
The front elevation will be in pressed brick
and terra Gotta, with plate glass and iron
store fronts. The first story is designed for
mercantile purposes, and the upper stories
for apartments. No expense will be spared
In supplying every. convenience to be found
In a modern building.
Preparations are being made for the erec-
tion of a building at the junction of East
First and San Pedro streets The property
is owned by the Wilson estate but has been
leased tosparties who are making the neces-
sary arrangements.
Transfers for the week ended July 10th
were POS in number and amounted to $751;
1885, as against 1879 amounting to $182,12 the
preceding week, and 213 amounting to $15S ,597
the corresponding week of last month.
Mortgages filed for the week ended July
10th were 100 In number, and amounted to
1886. as against 96 amounting to Sill, 2O6
the preceding week and 104 amounting to
$12s,5O9 the corresponding week of last
month.
Releases Of mortgages for the week ended
July 19thswere "a in number and amounted to
$11s,962, as against III amounting to $190,637
the preceding week and n amounting to
S2,609 the corresponding week of last month