The Los Angeles Times from Los Angeles, California • 65

SUNDAY MORNING. 3 APRIL 3, 1032. PART V. Railroads Planning to Transport Huge Throngs to LosAngeles During Summer OLYMPIC GAMES HOMES SEEN AS TAVERN JOB ARTISTIC WILSHIRE BUSINESS ADDITION UNIQUE BEVERLY HILLS TAVERN Will Rise Soon 'on Wilshire Boulevard a i. Will Be Formally Dedicated and Opened This Week FUTURES HOPE Toledo Realty Man Takes Optimistic View Residence Building Called Basis of New Era TO FURNISH MOREWORK Seienty-five Men Will Get Jobs as ISew $62,000 Project Begins Work will begrin within the next ten days on the $62,000 Ye Prince of Wales Tavern to be erected at PROVEMAGNET Transportation Executives Tell of Arrangements Special Trains and Private Cars to Convey Many Tourist Influx Will Bring Enormous Sum Here With its $500,000 building completed and ready for occupancy, the Auburn-Fuller Company will formally dedicate and open its new home at Wllshlre Boulevard and Mariposa some time late this week, officials of the company announced yesterday.

The building represents the major private building project in Los Angeles county during the past year. Together with other building proj- 0 Southland to Lead Nation Back, Says Expert There is every reason to believe that Southern California will lead the nation back to the next cycle of national prosperity on a basis of a JJ is 11 I I 11,111 ill araml II I I il IT trtrtl the corner of Wilshire Boulevard and Palm Drive in Beverly Hills. Seventy-five nren will be employed in the constiwctlon work, which Jeffrey L. Chevigny will handle. The new tavern, designed by Leo P.

Bachman, will be of English style throughout. The plan features a dining-room accommodating 1000. i T1 Hi home ownership and the construction of single and multiple family REPRESENTS NEW INVESTMENT OF Sfi2.00Q dwellings, ueorge a. Kicsaby ol W. Hollingsworth told the membership of the Southwest branch, multiple listing division of the Los Angeles Realty Board, at ACTIVITY RECALLS OLD DAYS Every residential lot In the 100-acre George Sunday tract on Alhambra avenue between Los Angeles and Alhambra has been sold in a land campaign that recalled early western township booms, William C.

Warfield, who acquired the subdivision several months ago, revealed yesterday. we last regular, meeting. TELLS LISTING GROWTH 1 I I 3 Mr. Rickaby, formerly of Toledo KM IUUIIILLlilL A number of the parcels wereington Drive. It adjoins the Farm- dale grade school and is accessible NEW AUBURN-FULLER BUILDING COSTING $500,000 to excellent transportation.

The City Council is considering a proposal to zone this boulevard unit as a business and hgnt industry district, Mr. Warfield said. The lot on which the tavern will be built has a frontage of 104 feet on Wilshire Boulevard and fifty-eight feet on Palm Drive. The new tavern being distinctive in English type, will also serve in English style. The Ye Prince of Wales Tavern Company, the corporation that is financing the new restaurant, is capitalized at $125,000 and is headed by S.

S. McOlure, nationally known as a publisher when he owned Mc-Clure's Magazine and operated a news syndicate. Associated with the former pub-Usher Is Mrs. Annette Doherty, writer and traveler. Ralph Arnold, consulting geologist and petroleum engineer, is also one of the directors of the company.

N. J. Spedding. formerly of England, who served in the British forces in East Africa during the World War, will be manager of the tavern, and Gloria Mayne, well known in Los Angeles as a vocal teacher, will be hostess. It will be open before the Olympic Games begin, according to the sponsors.

once listed at $2750 without improvements. Since then, the city has laid down paved roads, curbs and storm-drain systems and the lots went in the present market as low as $295. The old George Sunday tract is flanked on the west by Eastern avenue, on the southeast by Alhambra avenue and Valley Boulevard, and on the north by Hunt- Have yon money to loan? We have A-l improved Wilshire and Beverly Hills property. J. B.

Althonse Co 313 S. Western. EX. service department Is off Mariposa, while two-way concrete ramps connect the various floors, making the building easy of access and remarkably workable for all departments. The offices of Auburn-Fuller Company are in the front portion of the fourth floor, while the fifth floor, or penthouse, houses the Los Angeles Broadcastinsr Comnanv offices and ects carried out by E.

L. Cord, its owner, it has been the source of hundreds of thousands of dollars distributed In Los Angeles for material and labor. The Cord program here has represented an investment of $1,000,000 in its entirety. The new building alone will have a pay roll of over $250,000. The structure fronts for 140 feet on Wllshlre, and extends for 200 feet on Mariposa.

The spacious showroom has a polished marble floor, and is particularly distinguished by the lighting plan, designed by Mr. Cord. Four floors are devoted to the service department of the automotive concern, with the various floors containing the machine shops, welding shops, paint shops, upholstering department, etc. Entrance to the and the first chairman of the multiple listing committee of the National Association of Real Estate Boards, spoke on "California Realty Activity Compared to Leading Eastern Cities." He also touched on the growth of the multiple listing plan. He said in part: "For the time being at least the nation has met the demand for business buildings, hotels, apartments and industrial structures, but has not yet begun to fill the requirements for single and multiple family dwellings with modern equipment and utilities.

HOMES SELL QUICK "In every city new dwellings, properly built and financed and which comply with the fundamentals of transportation and location, are sold about as fast as built. The policies of the loan departments of the large insurance companies prove this. Many are declining loans on properties in older sections on any terms but are making loans ranging from five to ten years in the newer sections. "Realtors throughout the country are reporting a stronger demand for modern, modest homes on two or three acres of land where the city radio studios KFAC and KFVD. formative stage, Indications are that Statements token from the New York and Chicago offices of five great railroad systems revealed yesterday that the tourist Influx which, during 1931, brought In new money Into California will be increased beyond a possible estimate when the Olympic Games begin here next July.

The Interviews were gathered by the Title Guarantee Trust Company for its own purposes. The subsequent revelation came as the first definite indication of what Southern California might expect in tourist travel during the ixteen days and nights of the Olympiad. OPINIONS EXPRESSED The expressions follow verbatim: G. L. Cobb, New York, general passenger agent, Chicago, Milwaukee, St.

Paul and Pacific Railroad: "The Milwaukee in conjunction with its principal eastern and western connections, has Contracted a large number of special train and special car parties that will move to and through Los Angeles on account of the Olympic Games, also Important conventions which will be held on the Pacific Coast during Gie summer. Present prospects are that all of them will tully materialize. With the general Improvement In business that Is confidently expected to get under way during the balance of the year, we look forward to handling a substantial volume of passenger traffic to California and the North Pacific Coast during the summer tourist season and are working with other transcontinental lines to make this a record year for western travel." H. Lawrence, New York general passenger agent, Union Pacific System: "Considering the great number of itineraries we have been required to prepare In connection with movements of organized and Individual business to the Pacific Coast this year, every Indication leads me to believe that travel from Europe and the eastern seaboard ill be of considerable volume. I am further convinced of this opinion on account, of the Olympic Games and fraternal, civic and other national meetings scheduled to be held on the Pacific Coast during this season.

MANY INQUIRIES RECEIVED 'Inquiries, pertalnlns particularly to Los Angeles, have been received frcm citizens of practically every European country. Those interested in attending the national meetings, as well as individuals contemplating pleasure trips to the. Coast, in virtual every instance have Insisted the volume will be very satisfactory, With many conventions of the Pa cific Coast during the summer, which number upward of 100, such as the Shrine, American Legion, Rotary and American Bankers, California should prepare for a large number of visitors." Semi-Monthly Meet of Realty Directors Set Members of the board of directors of the Los Angeles Realty Board will hold their regular semi-monthly Weymouth Crowell Co. GENERAL CONTRACTOR Successful Builder in Southern California Since 1SSS Will assist in financing and building a limited number of duplexes and small apartments. OWNERS OF SUITABLY LOCATED CLEAR LOTS ARE INVITED TO CONSULT WITH US.

PRospect 5708 2104 E. Fifteenth Street worker can supplement his earnings with an income from the property." NEW GROUP TO OPERATE PROPERTIES Company Announces Its meeting on Tuesday, the 5th according to notices sent out last week by Tom Ingersoll, secretary. A large number of applications for membership in the board are to be voted upon, as well as the discussion of a number of Important REALTORS TO MEET IN DELMONTE Association Directorate Will Review Program of Year's Activity Real estate, the half-dozen reform movements In which it is interested and the October convention scheduled for Del Monte, will constitute the program (Which directors of the California Real Estate Association will consider In Modesto next Friday when 100 realtors and their wives assemble to lay plans for the remainder of the year. The meeting will open with an appraisal conference on Friday afternoon and a catfish banquet that evening, followed by presentation of a motion-picture prepared by the California Land Title Association. Saturday will be devoted to business sessions.

On the opening morning, the early delegates will embark on the river for a fishing expedition, the HOLLYWOOD FINANCING RANKSi HIGH Total of $64,070,414 Represented in Year Ending March 1 Realty financing operations in the Hollywood, South Hollywood and WUshire districts during the year ending March 1, involved the tremendous total of $64,070,414, according to a survey completed yesterday by the escrow department of Hollywood National Bank. The survey shows that the combined valuation of trust deeds and mortgages recorded In the Hollywood and South Hollywood area was $34,699,241 while that of the WUshire district was 30,271,173. During the first two months of 1932 trust deeds and mortgages filed in the Hollywood areas totaled Similar figures for Wilshire were Woman Rules Height-Limit Hostelry Here Entrance Into Building matters now before the board. 1 IS ii Management Field Offices of the Realty Administration Company, an organization devoted to the management of properties, both business and residential, formally opened yesterday at 6513 Hollywood Boulevard. Officers and directors of the company include Col.

H. M. Balne, Hollywood civic worker and financier, president; H. F. Metcalf, realty broker, vice-president; L.

W. DuVall, vice-president and general manag Los Angeles now has a height-limit hotel managed by a woman. Mrs. Evelyne L. Downs won the distinction.

She has been appointed manager of the Teris Hotel, Sixth and Witroer streets, a twelve-story structure. A former manager of a West-lake-avenue hotel, her appointment to the new position was announced yesterday by John L. Spicer, operations manager of the Consolidated Hotels, Inc. She is believed to be the first local woman to rise to such 1" spoils to be served that evening at in $3,542,695. New financing during the banquet.

During the afternoon. nArl7M Th.rTh ih. ''March indicates that the month 7i will rank high in property operations, the survey states. er; F. S.

Hollister, an official cf the Security Title Insurance and Guarantee Company, vice-president, and Attorney J. J. Wilson, general counsel. Plans of the new company provide for the opening of two rental offices in the near future, one to be located In the Wllshlre district and another in Hollywood. Announcement also will be made shortly, officials report, of a large number of apartment-houses, which will be operated by the organization, negotiations for which are now neartng a conclusion.

Qet out of your car and really SEE Bel-Air the Del Monte Properties Trophy, now held by Peter Hanson, State president, who will preside at the sessions, will be played. Charles B. Shattuck, State chairman, will have charge of the appraisal session. Local arrangements are in charge of Fred Weber, board president; Guy H. Allen, secretary, and Paul S.

Bomberger and W. P. Andrews, State directors. APARTMENT NOW NEARS COMPLETION Many New Homes Started; Brisk Building Program Causes Interest The six-unit studio apartment of Spanish type costing $50,000 and under construction at the southwest corner of Malcolm and Undbrook avenues. Just north of Wilshire Boulevard In Westwood Hills will be completed and ready for occupancy by May 1.

the Janss Investment Company announced yesterday. The new addition Is being built for Austin S. Klnseley, Oklahoma oil operator. It has two stories and surrounds a central patio. Among its charms are views of ocean and mountain from bedrooms and balconies.

Plans were drawn by K. D. Denny and C. 8. Arganbright Company handled the contract Construction of new homes, duplexes and apartment-house in the Westwood HUls area has been lively the past thirty days.

Sixteen new buildings were started between February IS and March IB, Harold Janss reported. Several new duplexes and apartment house of unusual design north of Wilshire Boulevard are rearing completion. anyon FACT AND COMMENT (Continued from First Tage) the State create a schools equalization fund. This, the public is expected to vote In the November election. What the realtors want the State to do is to finance trn schools In the 3300 districts of fifty-eight counties.

At present the State pays about 17 per cent of the costs, the counties 26 per cent and the districts per cent The State can finance the additional burden through a selective sales tax and a personal income tax, the realtors feel. Up to the Public It will be very Interesting to watch the publlo reaction. The discrimination between sales Income tax and the present system of school taxation Is vague. REDLANDS HOME LET REDLAM3S. April 3.

(Exclusive) D. H. Kerne, Palm Springs and Los Angeles, has let the contract for a home on Summit avenue, which he expects to be occupying within two months. It will be of elsht rooms, two bathrooms and all-tile kitchens and bathrooms. The Greatest Buy North of Beverly Boulevard in the Past Fifteen Years.

6 Money for building and re-financing First-lien loans only Fifteen-year loans on private residences Ten-year loans on income properties Easy terms of. re-payment All applications for loans acted upon promptly A greater number of loans executed in 1931 than in 1930 in-dicates the uninterrupted service which is being rendered by this Company to realty owners who want to finance their prop-- crtics on a sound basis. Conferences Are Cordially Invited thst Lcs Angeles be included in their tcur to permit of their remaining there for periods ranging from tcur days to two weeks." W. B. Dixon, Chicago, general passenger aicnt.

the Milwaukee road: "Present indications point to heavy travel to Los Angeles for the Olympic Games. The attendance will be augmented because of the many Important national conventions to be held on the Pacific Coast this sum-rrer. The Olympic Games are being well advertised and Interest Is Increasing every day. The Milwaukee Is co-operating enthusiastically and will do all possible in the direction of building up travel to the Olympic games and the various P. H.

Woodward, New York, general passenger agent, the Pennsylvania Railroad: "We have discussed the whole proposition of western travel very carefully and find that up to the present time it is quite Impossible to make an estimate of the volume of traffic that will move to Los Angeles during the coming ummer. With the Olympic Games we believe that the travel to your wonderffil country will be greater In 1933 than It was In 1931, and this Is about as far we can go In making a statement at this time." MANY EXTRA TRAINS George R. Lemmer, Chicago, general agent, passenger department, the Uulon Pacific system: "Relative to travel to California for this season, I am pleased to advise that Inquiries we are receiving regarding vacation trips and the Olympic Games, together with conventions being held in Southern California territory, place us in a very optimistic mood regarding the approaching summer. We have arrangements made for handling special trains and extra-car parties and feel that Southern California Is due for very successful summer season." E. D.

Alnslle, New York, general passenger agent, Baltimore and Ohio Railroad: "America may well consider Itself fortunate at this time to have been selected as the country In which the Olympic Oames will be held this year. This country, and particularly Los Angeles, Ik thereby afforded the opportunity of playing host to thousands of visitors from foreign countries as well as to thou-ends and thousands of her native children who will attend the games at Los Angelea during June July, and other national conventions which will be held In that city during 1932. The Baltimore and Ohio and other eastern lines will deliver to carriers beyond the western gateways multitudes of Los Angeles-bound people In organized parties and individually who will not only attend these many functions but who will tour many Motions of the country In the course of their Journey. Thus not only will Los Angeles enjoy unprecedented publicity but will with other sections of the country be benefited financially." W. Black, Chicago, traffic passenger manager of the Banta Fa ystcm: "Canvass of the situation indicates a greater movement over the Santa Fe to the Olympiad than previously expected.

These Include croups from a number of European countries. We have also contracted tor numerous college, athletic club and other groups. While the whole movement is now more or less in a Full Acres $3750 yDHE BEAUTIES of Bel-Air Canyon arc hardly visible from a moving car. To really know the charm of this homesite supreme you must tramp its nooks and crannies. Come out this week prepared to take the most fascinating walk ever.

Blossoms scent the keen mountain air wild flowers are sprinkled through the brush shrubs and trees are riotous in their leafy splendor. If it is your lucky day you may see a deer or two and hear songbirds galore. Worth making this trip through' Bel-Air Canyon. Courteous guides will accompany you if you wish. Drive West on Beverly Boulevard to the entrance at FINANCED 100 ON EASY MONTHLY PAYMENTS 7 4 F7W Gtcndalc firanch.

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