The herald., 1898-03-03

MORTGAGES MORTGAGES
Feb Feb sss ss ssss1s ssss FEB Feb sss s sss
RELEAsES- RELEASES
ian fan. 4ss sss9sS sss sss Jan San. 90 ss 7ss2s
Heal estate men say that there never
a have been SO many tourists in the city as
are here at the present time, nor SO much
= itors have at their command. If the i'm
preston which these new comers receive
were entirely favorable much larger vol
ume of business might naturally be OK
, pected, but 1t is claimed by a number of
+ representative men that the cause of the
comparatively small movement in prop
4. erty is the fact that woud-be investors are,
II not discouraged. at least excited to eau
ton by the jeremiads which they are
forced to listen to from the lips not only
y OF real estate dealers, but of people en-
gagged In all kinds of business, the chief
lament being over the alleged lack of the
= necessary amount of rain. TT is an III
Dird that fouls Its own nest" is an old
proverb, and 1t is today being examplifed
In manner that is doing unnecessary in
Y jury to the welfare of the city, an injury
which no amount of Fiesta hilarity can
undo. To listen to some of these croakers
lone would imagine that the lack of few
business to the bow vows. If this were
atrue 1t would be bad enough without pub
fishing the fact upon the housetops. But
the truth Is that the prosperity of this sec
- ton no longer depends exclusively upon
the rainfall, as 1t did years ago, when local
interests were bound up in sheep and cattle
and grain raising. The fact appears to be
Z that these prophets of evil rush to con-
clusions entirely ahead of time. Some of
the best authorities agree that moderate
= rainfall within the next two or three weeks
would be sufficient to save most of the
grain crop now in. The showers that have
lallen already have been so distributed
= that they have done the most good and
their beneficial effects may be observed.
In one instance on ranch of 5000 acres near
a Fullerton, 1000 acres of which is in wheat
and barley, the grain is standing six inches
high and is in a healthy, clean condition
. ready to be benefited by the next showers.
There seems to be no reason for anticipat-
Ing, as yet. any disasters on account of the
delay in the rainfall.
Clark & Bryan report having closed up
! yesterday the sale of forty feet on Broad
way, which was noticed last week as made
to Santa Barbara lady. The lot in ques-
tion is 40x165 feet on the east side on Broad
= way between Third and Fourth. 1t is oc-
cupied by two-story brick building the
upper portion of which is rented to the
. Friday Morning club. 1t rents altogether
for $2l5 month and was sold for s43.5OO, of
which $4,000 was paid by the assumption of
!. a mortgage and the balance in cash.
The northwesterly corner of Olive and
( Sixth street, fronting 120 feet on Olive
and 169la on Sixth, is reported sold,
through the agency of McGarvin & Rron-
son.to r. G. Beebe of Connecticut. Theprop-
ad hN flvn ct n FIR ma
building OF no great value. The considera-
ton for the sale is withheld, as is often the
case, but it is understood that II is nearly
; 100000 If this is the fact it indicates a re-
markable advance in values in that vicin-
ity.
The lot fronting on the southeast corner
of Hope and Eighth streets. fronting 13O
. feet on Hope and 10 feet, feet on Eighth has
cisco. through F. G. Calkins Co., to Mrs.
Mary Todd of this city The property is
/. improved with system of dwellings and
flats. A deposit of S2500 has been made on
the purchase. The exact consideration is
withheld, but 1t is stated by the agents
|. that 1t approximates $4,000.
. O O
Agents report house renting business
\ quite active, but it is also evident that the
immense numbers of new buildings which |
have been erected during the last few years
are at length beginning to'tell upon the
J demand. The supply, in fact, is in excess
of the requirements of the people, even
though the city is crowded with visitors. |
From the best authority 1t Is learned that
! there are at present nearly two thousand
vacant houses in town, including, of
course, every sort of dwelling from the |
shanty to the elegantly appointed mansion. |
No better proof could be given of the fact |
that the city has reached it's limit for the
present in building
During the month of February the super |
intendent of buildings issued 129 permits, |
amounting to $1S3, ,105
For the same month of last year 1926 per- |
mits were issued, aggregating $147,427.
o o o
The following tables show the amounts |
of loans made and releases executed dur