As a Tourist Centre.—Los Angeles is a travel centre for the south-west. Several thousand visitors arrive in the city daily by train, automobile, motor bus, ship and aeroplane. The tourist traffic in 1927 was estimated at approximately 1,500,000. Accom modation for visitors is on a large scale, I,o00 hotels and 2,300 apartment houses having facilities for 275,000 persons. Cottages, boarding and lodging houses, automobile camps, restaurants and cafeterias provide for visitors. At first travel was limited chiefly to the winter season; but now summer travel slightly exceeds winter, a change brought about by better knowledge of the cool summers, and by activities of the All Year Club of Southern California.
Streets and Traffic.—In the business district, streets run chiefly at right angles to diagonal compass points; elsewhere to direct compass points, with winding terraces where hills are built upon. Broad boulevards give access to the ocean, fruitful valleys and mountain wilderness. Motor bus lines operate in both urban and interurban traffic. Traffic congestion, formerly acute, has been relieved by automatic signals governing both vehicles and pedestrians. Steam railways skirt the eastern and northern boun daries of the city; the main area is served by electric street cars, which are operated over 372 m. of track. With the development of hydro-electricity, Los Angeles became the centre of a network of electric interurban lines.
Finance.—Los Angeles is important in banking because capital is brought by newcomers, in addition to wealth produced locally. The surrounding country turns to it as the financial centre. Bank deposits grew from $118,000,000 in 1910 to $1,100,000,000 in 1927; yearly clearings increased from less than $1,000,000,000 in 1910 to $5,852,244,000 in 1935. Much capital is invested directly in land, buildings, oil and manufactures. There is also a large, growing investment in securities. The Los Angeles stock exchange transactions for the year 1936 were 12,662,164 shares valued at $112,620,645. The most recent financial development is in export and import trade.
Buildings.—Los Angeles is a somewhat hurriedly built city, now taking permanent form. Since the World War (192o-35 inclu sive) $1,390,000,000 has gone into building; the number of build ing permits in 1935 was 21,559, and their value, $32,519,000. This activity has made the city a centre of design and invention. Early builders adapted the bungalow, from India, as most suitable for the climate and the spacious sites then available. With more compact sites, the "California house" of Spanish design has re placed the bungalow. The city had almost no notable public build ings until 1925, but since that date a civic centre is being de veloped. The City Hall and the Hall of Justice have been com pleted. Other recently completed buildings are Hollywood police and fire stations, Lincoln Heights jail, and Georgia Street hospital.