Los Angeles herald., 1908-05-17
REALTY RECORDS
GREAT FIRMNESS
BUSINESS SHOWS A GRADUAL
INCREASE
LUMBER RECEIPTS GREATLY IN
EXCESS OF LAST YEAR
Erection of School Buildings to Be
Pushed During Summertime
perial Lands Increase
in Value

Inc general lOile VI lllO ANel CSNeeeS
market during the week was good,
showing a gradual and substantial in
crease in business. For the hustler
there was plenty of work. having Its
reward in cash sales, so much desired
at this time. City sales were larger
than for any week in the past two
months and country sales maintained
the high standard in volume and ex-
tent which they have held all winter
and spring. In no other community
does the market hold out better for
country realty than Southern Califor-
mia.
Good citizens from every section OF
the United States are settling here
and the termination of cheap railroad
rates has not put stop to this influx
A glance at The Heralds weekly re-
view of real estate carries with 1t the
conviction that a great deal of rich
property is changing hands at figures
favorable to both buyer and seller.
Lumber receipts entered at the GUS
tom house at San Pedro thus far for
the month of May show the remark
able total of 19,615,000 feet.
This Is an increase over May, 1907
of more than 100000 feet. These fig
ures do not include lumber products,
ETC., which show an average increase
proportionatel to the raw lumber re-
ceipts.
The feature of this months lumber
imports is found in the fact that there
has been an abnormal increase in the
import of mine timbers.
Mexico, Arizona and Nevada mines
have taken the bulk of this increase.
The increase shown in Mexican de-
mand is most marked.
In lumber shipping circles the fact is
specifically noted that during April and
May charter rates agreed upon by
steamship owners have ruled so low
thar owners of sailing craft have tied
up the sail schooners and shipped their
charter orders by steam, making
profit by the transfer. This is the first
time in the history of this trade to this
port that a like condition has pre-
vailed.
School Buildings
With s250,OOO to expend for new
school buildings this summer, ii is eX-
pected the board of education will make
excellent Roadway in relieving the
crowded condition in some of the dis
tricts before the new term begins next
fall.
OF the amount provided at the special
school tax election held last August
$164000 has been apportioned and the
remaining $4,000 soon will be trans
ferred to the secretary of the board.
Already decisive steps toward relieV-
ing the worst congested districts have
been taken by the board, and contracts
for two new structures have been
awarded.
One is a twelve-room building and
will be erected on the East Vernon
school property at a cost of $32263.
The other, a four-room structure will
be built in the Glendale district. This
building will cost the board of educa-
ton $14903. This is explained by the
fact that the property is on the side
of a hill and a big foundation is re-
quired, and the fact that the school will
be built in a manner that will facili-
tate enlargement whenever conditions
demand.
Bids will soon be opened for an eight
room building on Thirty-seventh street,
between Durango street and Western
avenue.
Plans are being prepared for an
eight-room structure on Fourteenth
street. between Iver and Hawthorne, and
a four-room editice for the San Pedro
street property.
An eleven-room building is proposed
for the Garvanza district to replace the
old structure now in use on Eagle Rock
avenue, and plans are under consider
alton for building in three other dis
It's.
n Ofne PROVISION VIII De IIldue 10 re-
I've the 2overcroWded condition at the
= fYfty-second and Main street schools.
A way also will be provided to accom-
nodate the children living in the sec
ton south of Slauson avenue and east
of Main street.
These are the only districts that re-
uuire the immediate attention of the
board at present. However, it was sug-
gested by a school official that bet
fer school accommodations would be
provided for the Boyle Heights section
at no very distant date.
It is the intention of the board to
have the work begun as quickly as
possible, and with this in view they are
having the grounds cleared at the two
places were contracts already have been
awarded.
All of the buildings will be frame. but
precaution is being taken to obliterate
as nearly as possible all danger from
fire The furnace rooms will be abso-
lutely fireproof.
imperial Lands Advance
Imperial valley land in good state of
cultivation continues to bring high
prices, fully 20 per cent higher than
few months ago. This increase in price
has not had the effect of lettering pur-
chasers, although a greater discrimina-
ton is being shown in selecting the best
soil and location. 1t is expected that
improved ranch property will take an
other jump about the end of the can
taloupe season, and next winter still
another high water mark will be made
in acreage prices. =
Ell Centre city lots We're held at
slightly higher prices last week, princi-
pal activity being in choice business
lots. Some of the owners who bought
for investment have listed their lots for
sale at an increase, with stop orders
for August l. at which time they will
increase the selling price 10 to 20 per
cent.
A great deal of interest is being
shown lately in the culture of the euca-
lyptus tree for commercial purposes.
The law of supply and demand is just
as applicable TO the fuel and timber
supply as to any other product.
The eucalyptus tree is the only hard
wood grown in California. 1t is one of
our most valuable trees, valuable as a
shade tree, valuable for fuel. valuable
for timber 1t was imported here from
Australia, where they use it as bridge
tin1bers, railroad ties, telegraph poles.
building of passenger coaches, vehicles
and many other purposes for which
good hardwood can be used.