Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-09-03
WHAT 1T INDICATES.

Stockton reports g building boom -
that more buildings, of better values and
greater permanence have been erected there
the current season than in any previous
year. In May last we were enabled to
make like report for Sacramento, and
since then the advance movement has not
slackened. A careful scrutiny of the jour
mails of the interior cities and towns for the
past six months results in a general verdict
that the most of them have had a similar
experience. Here in Sacramento real prop
erty is held atssfrmer rates the values are
steadier and more advanced than for many
years. The money put into new buildings
far exceeds the aggregate of any preceding
season, and surpasses the general expecta-
ton. 1t is to be noted also that the tend
ency has been to invest more largely in
business property, and all that class of
holdings rates better and is in better de-
mand than heretofore.
Residence buildings have been of bet
ter class decidedly, indicating strong
tendency toward the erection hereafter of
houses for homes of permanency, convent
ence, and based upon better architectural
and sanitary principles.
There has been notable advance also in
the matter of enlarging ard improving
business houses, so that the year has seen
may transformations in the business Sec
ton Of ordinary business premises to the
higher plane of first. class business build
ings. As a single instance, it is learned
that large business building, the recent
purchase price of which, added to the cost
of enlargement and change to a better
structure, aggregated $4,000, Immediately
commanded and secured tenant for ten
years, paying gross rental of S27, 900 for
the term, with the obligation of all repairs
during the term assumed by the tenant at
his own cost. Another business building,
the cost of enlargement of which
reached heavy sum, was leased in adj
vance at favorable rate for a term of
years, and was in such demand that the
tenant was offered by his landlord several
thousand dollars to throw up his lease in
favor of higher bidder. These are but
solitary examples of many cases.
The record of these facts would be of lit
tie value did it not have suggestive force.
1t indicates the steady, healthful growth of
the interior; it signifies greater per-
manency and independence, and that the
old processes and influences which de-
pleted the country and sent nearly all the
results of its production and industry to
the coast metropolis for absorption in spec.
ulation there, have been arrested, and that
cities and towns like Sacramento Stockton,
San Jose, Chico, Red Bluff, Woodland,
Petaluna, Santa Rosa and others are enter
ing upon that self-reliapt stage which IN.
erringly indicates more permanent
settling up of the agricultural sections,
more and better homes for the people, more
industrious and less nomadic habits, greater
domesticity, and general settling down
into that condition of society which indi-
Gates strength in State, and that better
moral, physical and industrial condition of
the people which lies at the basis of all
true commercial advancement, and is the
only secure foundation upon which trade
can find permanent footing.