New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-03-22
CROPS And MINES IN CALIFORNIA.
TIE PROSPECTS OF THE wHEAT-THE CONDI
TON OF TIE MINISTERIAL ESTATE SALES
FRUIT.

TON OF THE MINISTERIAL ESTATE SALES
FRUIT.
SAN FRANCISCO, March 1.-California Is sub
ject to great of prosperity and adversely It's
prosperity mainly depends on tho "early" rams OF
November ard December which set the plows In motion
and give the wheat and grass an early and favorable
start and on the latter" rains Of March and April
which mature them When there il plenty OF wheat for
exportaton abundance Of grass for the Ocks and herds
and sufficient water TO work tho mines, then all goes
merry marriage bell Such were the years 1866 1867
and 1865 and part But the partial drough OF
1869 and the severe and general drought OF
1911 have told severely nearly all the
material and industrial interests OF the state
The wheat crop in the principal valleys OF the State
Sacramento, San joaquin and San JOse-was general
failure last year. In San Joaquin Valley, winch would
produce u OOOoD bushels Of wheat in favorable season.
the propreors Of the lands had to raise fund OF 100000
to buy the farmers seedwhcat for the crop Of this year.
and in many provide the necessares Of o to sus-
tain their families till the coming harvest The farmers
Jose suffered great losses in proportion To the
breadth OF soil In wheat but large number Of the
people there give their time 10 raising fruit for the san
Franc SEQ Aet which business not Injured by the
drouh From Julyil 1871 to date q vcsselShaye been
loaded with wheat for the United Kingdom and France.
containing l595 centas valued at s9iI,3n During
same months last year O7 vessels were dispatched
for the same ports. containing 3,1l393 centas. and
valued at s60G57Gs, making reduction III the shipment
OF wheat in the last six months OF 23 9s cenas and in
value 12li2T Had another year OF drouth continued
the results would have been painful and distressing The
reasonable and abundant rain that has fallen all the
State since the middle of November has dspeled all fear
respecting the coming crops and given good grounds to
hope that the next harvest Will be abundant.
The drOuth that has been Injurious to the wheat and
other crops has told almost unfavorby on the mining
interests Of the State and Of the Pacific coast generally
The gold and silver mines OF California did not yield
than 900 last year. whereas, In former years.
whom rain abundant, 00Oo was considered
moderate production. Tho entire mines of the Pacific
coast yielded last about 5oOOo but those pesI
competent give an opinion calculated on SS5OOOD,
presuming that there would have been tho necessary
rains Abundance water necessary for success
full mining as for raising wheat The rains have given
new life and energy mining operations along the whole
line OF the Pacific coast, from California to Salt Lake
The estimate is that rains continue at proper intervals
as they have commenced, the mines viii produce TINS
year from S9OOOOco to sCOOC0O0 The Comstock lode
in Nevada still holds its supremacy; IL Of the leading
silver mines on that lode have yielded during the last 10
years s3OOOOOOO. making average OF sl3ooOOoo per
anpum The dividends paid during that time after de-
Quoting assessments and all working expenses wcro
s2GG5 2i2. These mines never were more productive
and profitable than at the present time so much Is this
the case that lowest estimate is s0OO00 for the yield
OF this year and may be 100000 This the calculation
of competent and trustworthy judges The total amount
OF gold and silver bullion got the Pacific coast since
the discovery gold in 1913 is about 81 275 OOO0 There
Is English capital invested in the mines OF the icoast TO
the extent OF s25,0OOO00. There would be twice that
amount II there was confidence In the
made the mines by the persons interested or their
agents. 1t is well known, however that lying and
swindng common III the sale or mines and shares
as in Board OF Brokers; and that It has become
gambling business large extent No person should
have anything to do with tem however tempting they
SEEM save those who thoroughly understand the busi
ness have time TO investigate the matter for themselves
and who have got the inside track who afford to
aollt Tho mo hpV A
outsiders who invest gold and silver mines lose every
dollar they put ill., such Is the amount OF rascaty or the
| great majority OF those engaged In the business.
The real estate business OF San Francisco has expert
cnced all the ups and downs Of the good and bad times
In 1866 sales amounted TO $3G6 in 1857 the sales
rose 6O367; In 1868 TO s7O6 III 1869 10 s993I7
In the sales fell to 53O2f2 and In 1871 To
making the sales In six years 10 be sll6S9SG2 These
figures very good index OF how the real estate mar
ket affected by seasons OF abundant ram ana drouth
The late rains have removed the painful suspense
cated with the dread Of another years drOuth which
would have disastrous TO the State. IL hoped that
1872 will recover much OF the loss OF lsOl Notwith-
standing the general depression of last in almost
every department OF business the savings banks or
the city report the amount OF deposits to be sT03j377
and number Of depOstOrs 400, making the average
for each depositOr 1893 This gain Of 1886 epOsors
and IN six months. These banks allow from II To
per cent per annm interest and charge from 10 10 II
per loans. AS all their loans real estate.
they a valuable auxiliary In sustaining that lmpor-
tant branch OF business The leading business that
capped the effects the drought the raising of fruit
absence OF rain that injurious to tho great
majority the productions OF the SOIL good for the
fruit The crop large, the quality excellent and the
sales remuneratiye. The grape crop Is growing to I'M,
proportions in California, and Is now widely and
| fayorably known The wine manufactured will reach
| about sOO0OOO gallons 1t sells to the Wholesale manu-
factures for rs to IS cents per gallon and some kinds
high so cents. II the integrity OF the leading
brands IL maintained, the wine trade OF California
will be equal IN quantity and quality to that OF any
| State in the Union.