The herald., 1898-01-20
OFFICE OF THE HERALD,
january 10, lS0l

OFFICE OF THE HERALD,
January 10, 1893.
'The path that leads to fortune too often
passes through the narrow deflles of
meanness. which man Of exalted spirit
cannot stoop to tread"
The volume of business in real estate,
as shown by recorded deeds, for the past
week ended January 18TH was 249 trans
fers, aggregating s1s4,999, as compared
with 262 transfers. aggregating $211, ,243, for
the corresponding week of last month.
The mortgages recorded for the week
were 12l. amounting to s215s2S. as against
1923 for same week in December, aggregat-
Ing slS7,759, There was large increase in
the amount released in same period. the
number being 100 amo, ting to 1920, ,094 for
week of January, as against So, amounting
to $ss.s45. for corresponding period of De-
cember.
The most important event affecting real
estate on Spring and Main streets that has
happened lately is the award of contract
for resurfacing those thoroughfares with
Alcatraz asphalt The condition of both
streets has been disgraceful for many
months past on account OF all repairs lnav-
Ing been stopped by order OF the council.
The original material used for surfacing
rock, brought from San Luis Obispo. which
was laid on a six-inch foundation of con-
crete, some nine years ago. and lasted
splendidly so long as 1t was attended to
and kept in repair. even though the streets
were constantly torn up for gas. water and
sewer connections and telephone subways.
The material now to be used is refined
asphalt from Santa Barbara county,
where the Alcatraz company prepares its
as the, famous product of the Trinidad
lake. AID as home product may be pre-
ferred 10 the eastern article, seeing that
1t is rated just as good by experts. There
Is as much difference In asphalt as there
is~in wines. but the merits of an asphalt
before 1t is submitted to the crucial test
of wear can only be determined by chem
ical analysis. In the rigid specifications
provided by the city engineer and adopted
- ~-r~ S~NAASh thSAC - ho iOOPHOiO Ny
which the imitation article can be palmed
on upon the taxpayers. That a standard
brand like the Alcatraz asphalt. the in
gradients of which are well known, is to
be used on such important work as Main
and Spring streets has given rise to many
expressions of satisfaction among the
property owners who will have to foot the
bills. N'
Austin & Shilling have awarded some of
the contracts for the construction of the
California hospital building which is to
be located on Hope. between Fourteenth
and Fifteenth. The building will cost in
the neighborhood of $4,000. 1t is to be
four stories high, of frame and supplied
with sixty-eight rooms. Thomas Haverty
will do the plumbing, E. s. Moore the
painting and vanishing and the Alta
Planning Mill company will do the work of
general construction. This last contract
calls for payments aggregating about
1000
The contract for doing the iron work on
the new building being constructed by the
Bradbury estate on the corner Of First
the Baker iron works of this city for s11, 124
The work must be done by May 10th.
a%
The Mcdonald Milling company is get
ting matters In shape for the construction
of its new flour mill in this city. The con-
tract for the complete machinery of a 225-
barrel capacity Touring mill has been
closed. The building will be erected on the
ground adjoining the Spreckles ware
house on the east. and will cover an area
of 60x362 feet. running through from Sec
ond to Third streets. 1t will be constructed
of brick, varying in height frt m one to four
stories, with concrete basement and ce-
ment floor. In addition to the mill there
will be built bulk elevator, of SO. 900 bushels
capacity. The entire buildings will be con-
structed In the best manner possible. The |
completion Of the buildings is set for
June 1st. 6
Terminal Island is developing into an |
ideal place for a seaside residence. The |
inner bay furnishes one Of the best still |
water courses for rowing, while for bath |
ing the ocean front cannot be surpassed |
1t Is estimated that at least t}irty-five new |
houses will be built there by July 1st
=
Wells, Fargo & Co. are erecting an i'm |
mense office building In San Francisco to |
cost $3.50 900; 1t will be ABSOLUTELY fire-proof, |
and the most improved methods of con- |
struction are to be used In every depart |
ment.