Los Angeles herald., 1907-12-08
ANGE.ENos TRADE FOR ANA
Helm TRACT
EASTERN CAPITALISTS SECURE
PEATLAND
One of the Show Places In the FL
Monte District ls Sold for
Thirty-nine Thousand
Dollars Cash

importapt deals are being held in abey-
ance until the present condition of the
money market has been righted. Dealers
are expecting decided activity at that
time, as leading financiers think there
will be an abundance of money in Los
Angeles and vicinity after the passing of
the stringency.
very complete list of transactions fol-
lows:
One of the largest orange property sales
ever consummated In the south took
place when the Newton property of
seventy acres, on the lower end Of Ar
lington Heights, Riverside, was sold
through the F. A. Tetley real estate
agency to w. +. Fundenburg of Pitts
burg The consideration was $57,500.
Dr. Fundenburg, who bought the prop
erty, has visited that city and will make
his future home there. He expects
TO arrive in Riverside about January
The sale of the property included the
handsome marble bungalow recently con-
structed by Hugh G. Newton. This bum
galow is one of the best built houses of
Its style in Southern California. DR.. Fun
denburg and family will occupy 1t. 1t is
the intention of DIR. Fundenburg to spend
$4,000 in adding another story to his
residence.
Several months ago this property was
purchased from its original owner, Hugh
G. Newton, by e. H. Rose. Recently Mr..
Tetley paid Mr.. Rose $1,000 for an option
on the property. Mr.. Tetley did not have
much trouble in selling the property. He
declares that he could have held it and
divided it in tracts and made considerable
more money out of it than he did
DR.. Fundenberg intends to develop the
property and make it the very best. AL
ready he has purchased thirty cars Of
fertilizer. to be used on the groves. His
beautiful home which he has acquired
is located admirably where a splendid
picture can be obtained of the valley and
mountains. Until DIR. Fundenburg arrives
his property will be cared for by Mr.
Tetley.
There are forty-seven acres in six-year-
old navels in the property and about
seven acres in Valenclas, five years old.
All the trees will bear a fine crop this
year and net their owner a good sized
sum. Cash was paid for the property,
which is good evidence that Riverside is
still considered place for gilt-edge in
vestments.
Organize Big Company
The Riverside Development company
has been organized with a capital stock
of 100000 and will begin business within
the next thirty days.
This company has purchased 1000 acres,
mostly from the Stalder brothers, in
West Riverside, what is known as part
of the old Patton ranch, and at present
intend to develop this land and sell It,.
The directors of the company are George
Frost, C. H. Low, L. c. Waite, Chauncey
Mcfarland and l.. V. w. Brown
In the petition the company states that
it organized to grow and market all kinds
of fruits and vegetables, to do a general
land business and develop. buy and sell
water, etc.
l,, fol,
quired in some of the best in the state.
1t is suitable for both the culture of or
anges and lemons The company is un-
decided at present whether it will plant
the land in vegetables and citrus fruits
OF to subdivide into tracts and sell it in
lots.
A real estate transaction of consider
able Importance is the sale of John L,
Means property in the San Antonio tract
at the corner of Bonita and Monte Vista
streets, Pomona, to D. Curry and T. H.
Ryan-Jones. The property consists of a
ten-acre navel orange grove in excellent
condition.
T. w. Burger has exchanged his SIS, 900
improved thirty-acre place at West Ana
helm for property in Los Angeles be-
longing to Messrs. Liston and Barnes,
who will locate in this city.
Mrs. Wilson has sold five acres between
Anaheim and Placentia to L. S. Robin
son for $500. Mr.. Robinson is a new
conner from Massachusetts and will i'm
prove the place, setting it to trees.
Mrs. W. e. Anders has sold her four
7 teen-acre improved place in Orangethorpe
to a newcomer for $4,000.
Stephen Bird of Joliet, ILL.,, has just
closed a deal at Corona with Mrs. Mary
S. Anderson by which he purchases her
five-acre orange grove and seven-room
house on upper Main street for S5000
4.I.- i.
property at once. Mrs. Anderson is to
move to the Mountain View tract, where
she has bought seven-room house and
two lots with 116 feet frontage and 15G
feet deep. She buys this property of
r. T. Vilven for $1700
Sixty acres of peat land located south
west of Westminster has been sold by
DIR. Metzgar to wealthy syndicate of
eastern capitalists for $2s,00O 1t is the
purpose of this company to erect an
immense factory with capacity of one
hundred tons daily for the manufacture
of fuel from the heavy peat soil in that
locality
T. ]. Davis has sold his fine fifty-acre
walnut ranch two miles north of El
Monte to e. e. Stone for $39, 900 cash.
This ranch is considered one of the show
places in the FL Monte district. The
walnut trees are five years old; the
buildings on the ranch are among the
DeSL anu mas lOU lHCHeS Oh Wdl6r QeVSl-
oped. The ranch was bought by Mr..
Stone as an investment.
Mr. Davis. who lives in Monrovia
bought this ranch last January for $4,000,
and little more than five years ago
this ranch was bought for $4,000. This
clearly proves that Ell Monte real estate
is a good money maker.
Redlands Active
Among the recent deals at Redlands
reported by Anderson & asher is the
sale of property from G. H. Lathrop and
Andrew johnson of ten acres on East
Lugonia avenue. The grove is planted
to seeding oranges and apricots. The
price was about $1,000.
Mr. Lathrop has also sold to B. M
Garrett through the same firm five acres
on East Lugonia avenue, set to navels,
seedlings and apricots The price paid
was about $4,000.
A. f. Sterling has sold to II. II. Guth-
rie thirty acres of unimproved land near
Highland. The price is not given. Mr.
Guthrie is said to be planning to plant
the tract to citrus fruit.