Los Angeles herald., 1907-08-11
REALTY MEN
CHEERFUL
ALL PREDICT LIVELY FALL AND
WINTER SEASON
BANKERS MORE LIBERAL IN MAX
ING LOANS
Hundred and Twenty-Five Thousand
Dollar Bridge to Span River at
East Seventh-Quarter Mil
lion for New Brewery

Conditions in the Los Angeles realty
market are considered cheering by lead
ing operators in the field who feel that
the future promises all that could be de-
sired. While there has been some de-
preston in rea. estate values in other
parts of the country, particularly in the
east, in Los Angeles there has been no
marked evidence of a decline. Interest
in investment propositions appears to be
as active as ever, but 1t is generally
known that there Is not as much cash
available for what are considered spec
ulative propositions as there was eigh-
teen and twelve months ago. Outside
propositions seem to be entirely in the
hands of a few operators, while close-in
frontage for the better class of homes
and for business purposes continues to
be as attractive to individuals and syn
dicates as heretofore. Inquiries for good
investment propositions increase with the
approach of the fall season, when 1t is
confidently expected money will be
easier to secure on gilt-edge security.
Bankers anticipate a prosperous sea-
son, not only for the realty operators,
but also for all lines of business. Re-
serves are being increased in all of the
banking institutions, and loans are be-
ing made with greater liberality than
during the earlier months of the year.
This is taken as a good sign for renewed
activity in every legitimate enterprise
that requires capital to provide supplies
for the Pacific coast section and give
lucrative employment to labor.
The Los Angeles city council has au-
thorized the erection of reinforced con-
crete arch bridge for East Seventh street
to span the Los Angeles river. This
bridge means much for residents Of the
Euclid Heights section and also for the
merchants of the city. 1t will secure
the electric cars east on Seventh street
to Boyle avenue to connect with the
Stephenson avenue line. also extendip G
south on Boyle avenue to Hollenbeck ave-
nue., thence east on Hollenbeck avenue
to the city limits and on to Whittier
and other outlying points.
Robert Marsh, of the realty firm of
Robert Marsh & Co., has returned from
San Francisco after an absence of sew
eral days. He was in the Bay City on
business connected with several import
ant transactions, the details of which
are not vet ready for publication.
..Everything looks prosperous in San
Francisco said Mr.. Marsh. THE city
Is making wonderful strides toward re-
habilitation,- and within short time a
greater volume of business than ever be-
trade. Many tall buildings, substantially
constructed, have been erected since the
fire All is well with San Francisco, and
the future promises great results"
1t is estimated that in Los Angeles each
year 100000 barrels of beer are consumed.
The capacity of the three breweries is
said to be 2O00 900 barrels annually. 1t is
announced that plans of the Duquesne
Brewing company are now sufficiently
advanced to make the erection of a new
brewery plant in this city certainty.
This company was recently incorpo-
rated with a capital of $50O,OOO. 1t has
purchased large plot of ground at the
corner of Albion and East Main streets
and has had plans prepared for build
ines calling for an expenditure of about
$250,000
Callaghan Byrne is president of the
comnany: Eugene German, vice presi-
dent: Ralph Moss, secretary, and A. X.
Martell manager. These officers, to-
oether with Ed Hookstratten and ID.
r torrance constitute the present
hoard of directors. The scheme was
promoted by Mr.. Martell, who formerly
was manager of the Eagle Brewing COM
many of Pittsburg, and who has been
engaged in the brewing business in that
city for the last twenty years.
It is understood that the new preW-
erv will be as nearly an exact duplicate
of the Duquesne Brewing company
plant in Pittsburs as it will be possloie
to make it. 1t will have capacity OIL
$4,000 barrels.