Los Angeles herald., 1910-02-09
FRONTAGE VALUABLE
ON GRAND AVENUE
Eastern investor Was Purchaser Of
Broadway Lot for $4,000.
Railway Extension-Cot-
ton Development

Through the agency of r. A. Rowan
C Co. and W. B. Merwin & Co, Hiram
Kival has sold to a local investor the
property at S19-S2S South Grand ave-
nue. for S51, 500 cash. The lot is 6OX16O
feet with nominal improvements. The
property was acquired as a permanent
Investment. The purchaser contem-
plates erecting q StX-Story apartment
hotel on the lot.
Previous announcements of the sale
of the property on Broadway, just
south of Seventh street, were published
before the agents, j. 7. Donnell and ii.
D. Colson, were in position to give full
particulars; in fact, before the papers
themselves were signed.
The SALE which is so far the largest
of the year, was closed yesterday. The
purchaser is James H. Murray, from
the east, who has become a firm be-
lever in Los Angeles business prop
erty. The record price paid is because
he bought about the only property on
the west side of Broadway that couId
be purchased. The sellers are Mrs.
Mary A. Briggs and Mrs. Granville
MacGowan, and the price paid about
$S40, 900.
The lot is 6Ox160 feet, improved with
a one-story brick building. AS the
present leases have some two years yet
to run no plan for the immediate i'm
provement of the property is contem-
plated. Offers have already been re-
ceived from prospective tenants who
desire to occupy the property at the
end of the present leases, which VIII
pay very good rate of interest on the
price paid.
interior Railway Extension
With financial institutions through
out the state interested in the bonds
of the Ontario & San Antonio Heights
railroad, c. Z. Woodside & Co. of Los
Angeles report that the project OF
building is completely financed.
The engineers have completed their
plans for construction and within a
few days additional gangs of men will
be at work preparing the roadbed Tor
the laying of steel.
Concrete culverts already have been
| installed along the line wherever neces-
saPy, so no delay will be caused the
track layers.
In connection with this activity, steel
rails and ties are being loaded at san
Pedro for the Pomona Electric lines
and other supplies are beginning to
arrive. These materials are pelhg
! handled by the Salt Lake road.
Applications have been received from
| orange growers along the line for spur
trackage into the groves bordering the
right of way, but such requests are
being merely filled until the compile
| tion of the main line.
imperial Cotton Plantations
Cotton picking in the Imperial val
lev continued after January l and was
| finished Januar %. 1t is stated that
the net profit from one plantation OF
100 acres was $47.25 per acre, which Is
a very satisfactory showing for the
first year of cotton raising in the val
ley. The next planting and harvest
will show greater financial results.
| 1t is announced that possibly $4,000
acres in Imperial valley will be de-
voted to cotton raising this year. Cap
! italists identified with New York and
San Francisco banks, represented by
the ]. r. Lotus company of Los An
gelese, will provide for the financial
part of the great enterprise. More
| than 100000 will be expended fol
ginneries, a compressor, oil we'll ant
refinery at various points in the cottor
growing section of the valley
With continued successful growing OF
cotton in the valley it is expected thai
soon several big cotton mills will be
established at Los Angeles for the
manufacture of cotton goods for the
home and foreign market.