The herald., 1898-03-17

as against $40, anouHtiilS W @lSl, llV Ior tne
preceding week and 1903, amounting to $780,
$50, for the corresponding week of Febru-
ary 18th.
mortgages filed for the week ending
March 18th were 1872 In number and
amounted to 100, 1923, as against 131, amount
ing to $1493 for the preceding week and
131, amounting to $166,433, for the corre-
spending week of February 18th.
Releases of mortgages for the week end
ing March 14th were 10S in number and
amounted to $145 ,S5S, as against 12O, amount
Ing to 1896 1913, for the preceding week and
lib, amounting to sl12, 1862, for the corre-
spending week of February 18th.
The figures given above sufficiently indi-
cate that real estate Is holding it's own so
far as the volume of transactions is con-
cerned. The transfers for the week just
closed show q fair advance on those for
the prior week and the figures for mort
cages and releases may also be regarded
as satisfactory. The releases for the past
week amounted to s145,S5S as against new
membranes aggregating $3.50, ,72S for the
same period. The building permits show
falling Off, not only in number, but in
amount, the total for the week being $33, ,145
as against Sal $50 for the prior week. There
are signs of Stacking up in the impetus
with which the building Of houses in the
residence portion of town has been carried
on.
The tourist population continues very
large, hotels and boarding houses being
crowded to their utmost capacity, and 1t is
expected that the announcement recently
made that the Fiesta will certainly be cell
ebrated will have the effect of keeping
many of our visitors here who would 9TH
erwise take their departure sooner. The
effect Of the Fiesta is naturally enough
regarded differently by the proprietors of
different lines of business. and the feeling
on both sides has been expressed with more
than usual emphasis during the past week.
1t appears certain that the retail stores
suffer considerable loss of trade during
the reaction which inevitably takes place
after the celebration, and, on the other
hand, the business done during the week
Of festivity and the advertising advan-
tages that ensue therefrom are summed
up as an effectual counterbalance to any
business drawbacks that may be charged
on the debit side of tho account
The appearance of the principal business
streets Is not inviting at the present mo-
mont. They are in fact in chaotic condi-
ton; not only Is the surfacng getting
more and more disfigured and worn out
but the work of excavating for the cleo
trio wires of the various companies has
given our thoroughfares the appearance of
huge mining camp, and yet this is only
the beginning Of the work that will have
to be done in order to carry out the pro-
visions of the ordinance passed by the
council requiring all wires to be put I'M
derground. The work now being done can
not be finished in the time limited, but in
addition there is an immense amount of
work to be done IL the Los Angeles Elec-
trio company, the Western Union Tele-
graph company and the Postal Telegraph
company intend to comply with the ordi-
nance. Tho telephone people have been
hard at work putting their wires UNDER
ground. They have made a good showing,
and, with the power companies, have done
about all the work that thus far has been
accomplished. Meantime the resurfacing
of the streets must naturally wait, and the
end is apparently long way of.
Broadway property continues to advance
and in some places it is held even higher
than the same relative lots on Spring
street. sale is reported of 30 feet front on
South Spring street south of Seventh at
1886 per front foot, unimproved This price
may be regarded as low. A lot so by $50
feet on southeast corner Tenth and Bon
ME Brae, with two-story modern residence,
is reported purchased by ]. S. Salkey for
$6500. A house and lot on Bonnie Brae be-
tween Tenth and Eleventh is also reported
sold for $4,000. Mrs. Helen M. Ross has pur-
chased lot so by III on Westlake avenue,
between Twelfth and Pico, for $3.50, which
price includes a ten-room dwelling to be
erected on the lot The sale is reported by
Bradshaw Bros. of lot 70 by $50 feet
northeast corner Twenty y-second and Fig
ueroa to Mrs. b. c. Truman for $4,000 also
by the same firm a lot 100 by 140 feet north
east corner Twenty-third and Norwood to
Robert Gunner for $4,000. Mr.. Gunner is
erecting two-story residence on the prop
erty to cost $4,000. A contract has been let
for a two-story dwelling northwest corner
Ingraham street and Union avenue for Mrs.
Rose M. Phillips, to cost $4,000. L. D. Sale
has bought two lots in the Yale & Harvard
tract and one lot in the Highland tract
addition for $4,000. A two-story residence
to cost $4,000 is being erected for Harvey
Cox on Thirtieth street near Hoover. A
two-story residence on Diamond near
Beaudry avenue Is being erected for Mrs.
Fl. M. Barton to cost about $500. Pomona
property to the amount of 800 has been
purchased by George Pomeroy, the seller
taking in trade lots in Puente valued at
$4,000. A $500 dwelling is being erected for
Thomas Vigus on Westlake avenue. A
dwelling to cost about $4,000 is being erected
for w. c. Samuelson on Arapahoe street
near Plco. The one-story frame buildings
now occupying the lot opposite the Meth
odist church on Broadway are to be re-
moved at once, and work on the excava-
tion for a four-story block will be COM
menced as soon thereafter as possible.
o o O
1t Is reported that the wholesale grocery
firm of Craig, Stuart & Co. proposes to
erect new and larger building than the
one now occupied by it. The new building
will be located on the east side of Los
Angeles street, between Second and Third
streets, and will have frontage of 100
feet by not less than 165 feet In depth, and
will be three stories in height, with base
ment.
O O O
A reservoir to contain 100000 gallons of
water Is to be constructed at the Soldiers
home, this side of Santa Monica, for the
West Side Water company. This company
intends conveying the water from it's mains
at point about one-half mile east of Hol-
lywood and by means of pipes carry the
water to the Soldiers home to supply that
section of country. The reservoir is for
storage OF reserve water. The expenses
OF this Improvement, including tunneling.
trench making, reservoir building. etc. viii
be in the neighborhood Of SEC, 900. The con-
tract for putting in the pipe was let to the
Excelsior Wooden Pipe company of s.r
Francisco for the sum Of $36, COO.
At the annual banquet of the Chicago
Real Estate board paper was read bv