Los Angeles herald., 1906-01-14
GREATEST FIELD
IN REALTY DEALS
SEEING AMERICA FIRST WILL
BRING CROWDS
Inviting Opportunities to Acquire
Fortunes--Many Concrete Struc-
lures Going Up-Real
Estate Activity

greatest field in America for extensive
and profitable operation in real estate
a field in which hundreds of shrewd
men have made fortunes, and field
that still is open for successful in
vestment of capital. Wealthy mine
owners and those who have been
lucky in oil properties are among the
most active opera tors In realty deals
in city and tract property They know
that Greater Los Angeles will spread
out to the mountains and TO the sea,
and that money invested now in any
direction will be certain to net hand
some returns in a comparatively short
time.
The past week has not been fruitful
in the publication of big deals, but 1t
is known that a number of large
transactions have been closed, of which
due announcement will be made.
Realty dealers generally are in the
best of spirits and all predict that
business will be booming.
The present sea son will go into local
history as the inaugural period for the
introduction of reinforced concrete
construction of large buildings in Los
Angeles over one million dollars now
is being expended for the erection of
COHCGtle SllutluI lIl lHt Nlly, anu
other Improvements in the same line
are projected.
Structures of reinforced concrete
and under way are: The Hill street
extension of the Laughlin building,
three stories a cost of about $l5O,OOO;
the DR.. Hayward seven-story hotel.
southwest corner of Sixth and Spring
streets. cost $140,000; the Citizens Ma
tional bank building, southwest corner
of Third and Main streets, six stories,
cost about 100000; the Temple Auditor.
ium, seven stories. corner Fifth and
Olive streets, cost S500.000: the Medical
Library for the Southern California
Medical associat ton, two stories, corner
Buena Vista and Ord streets, cost
$4,000. and the Crematory, two stories,
on Grover street, near Rosedale cemc-
terry cost $4,000.
Building Superintendent Backus has
made thorough tests of the Laughlin
and Citizens National bank buildings.
placing great loads on the floors, and
In each instance the test has been en-
tirely satisfactory. The sag or deflec-
tion in the floors has not exceeded one
quarter of an ince. A DETECTION of one
and one-half inchs would not render
the concrete floors unsafe. Nothing
heavier than an iron safe would ever
be placed on any of the floors
In the erection of the reinforced con-
Crete lllt SIedleSl CcIc 10
taken in the mixing of the material.
Failure to comply with the rules in the
mixing process would result in weak
spots in floors, but as far as
known the buildings have been built
solidly from basement to roof,
AS the result of recent visit by
Secretary Herbert Burdett of Los
Angeles realty board and the state
realty federation, to Salt Lake City
and some of the northern cities of this
state, California will be we'll represent
ed in the coming convention for the
purpose Of promoting Seeing America
First" and the real estate men of Los
Angeles and of Utah will again inter
change friendly visits as delegates of
their respective organizations
AT the regular meeting last week of
Los Angeles realty board which was
a. well attended and representa- tive
gathering, it was resolved to extend
to the Salt Lake City Real Estate as
sociation an invitation to visit Los
Angeles in February next, with the
understanding that an endeavor will
be made for a return visit by the Los
Angeles board at some time during the
coming summer or fall. 1t will be
remembered that delegations from the
respective bodies participated in the
excursions last summer which signal
lieu lIle opening OIL lne SdtI IIdINts
route, and thus began a friendship
and interchange of ideas which it is
proposed to annually renew. A sub
scripton for the purpose of entertain
ing the visitors was opened at the
meeting with very gratifying results
and fitting reception by the Los An
geles real estate men is assured. Dele
gates from Ogden and other Utah
cities will be probably included in the
delegation and 1t is not improbable
that Utah state federation will be
organized during the trip, along the
same lines as the California body.
Seeing America First" is the slogan
especially of the Commercial club of
Salt Lake, with which the real estate
association is closely affiliated. A con-
vention has been called for January 25,
at Salt Lake City, having for it's
ultimate object the diversion into
western ways of a portion of the
great sum of money expended in for
elgn countries by American sightseers.
The success of the initial movement
is said to be assured, Secretary Fisher
Harris of the Salt Lake Commercial
club and the chief leader in the mat
ter, being authority for the statement
that 250 representatives of the Trans
Mississippi states, Hawaii, Mexico and
British Columbia will be present Each
state or territory Is entitled to two
dSic6dlco ny l0e governor,
and commercial bodies, railway and
Transportation companies to one each.
The Importance of the matter was
impressed upon Mr.. Burdett at a
meeting of the Salt Lake Real Estate
association called to discuss this and
other subjects with him, and as
executive secretary of California state
realty federation he lost no time in
bringing it to the attention of the To-
cal realty organizations
In consequence, President Leonard
Merrill OF Los Angeles realty board
was nominated at the recent meeting
Of that body to represent it at the
convention and San Jose real estate
agents association nominated Charles
w. Coe of San Jose as its delegate.
President Ferrier of the state fedora
tion has been asked to nominate a
delegate to represent 1t as a whole, and
requests for the appointment of dele
gates by the Oakland, Berkeley, San
Francisco, San Diego, Fresno and
Riverside realty organizations have
been sent out from the executive
n