New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-09


the hardest of treeswn flourish in this region unless
has some irrigation during the first season To talk Of
growing vegetables grapes or other fruit on the dry
mesa without irrigation IL rank nonsense most "t ths
land will not furnish pastrage for sheep IN the
and when rain Is scanty In the wet season what caco
here dry winter the only recourse Tor inc ranen
his sheep for the pets To show how entirely SAD ego
IL dependent other places for supplies irena vine
has returned from that city gives me the
cident, When the San Francisco steamer reached the
dock excited rushed aboard He was the propri
of OF the largest grocery stores IN tbe place.
he Of Pnrser how mass s
% hers va" on scars 3. sraand HoE nm going
get through the week when I've got orders for o
already" My friend was amazed at this
found on questioning the merchant that san Dlepo
milk supply is limited to few hundred COWS ,na.
scarcely meet the wants Of private families Inc
brought 70 San Diego hotels other places the main
The town an the country produce no more
than the sand plains about Atlantic CITY.
SUNNY SANTA BARBARA.
OF all the places I'm southern California sanfa baroara
seems to me to have the best future 1t Is only Few
months since railroad communication was estaohsnco
with this charming seaside city Before the ADVENT OF
the railroad IL reached only by steamer or by long
and tedious stage ride Now IL the main coast line Oh
railroad from Los Angeles TO San Francisco Ibis ro"
ia incomplete and does not furnish through cohnecon'
but It brings the tourist to the seaside and allows MN W
enjoy the delightful scenery and equabe air OF santa
Barbara The sleepy old city has been transformed
within few months pretty houses are going up on all
Sides streets are being opened and the barren rocky hill
hack of the town being divided into villa sites ana
sod at high figures Prices at Santa Barbara have not
yet reached the Los Angeles or San Diego quotations,
but they bid fair do The supply OF and near
the town Is limited and spectators are Determined I'd
make investors pay dearly for the privilege OF breahns
this perfect air and looking out on this Deantiu pay
The has been for the the killing Of the goose
that lays the golden egg What promised to De me
has now the appsarance OF biighted IT may be
that this reaction will teach the santa Of
sense but just now they are clean dAi' Oh 'no
values
THE BOOM MOVES NoRTHwARD.
The marvellous growth Of these southern 'o"h7 an"
tho immense prices realized for land nave e&c'c ne
jealousy OF northern and central California ana sho'
have been made to divert some OF the goide Toe " n
direction These Efforts which we're perfecuy issi''
mate, have resulted in the better knowledge 81 the
orthern mart of the state Mt East and in the found
ing of many successful colony ventures; but unt ast
summer the speculative excitement which has raged In
the south did not reach here About last June premon
tions of a began to appear Inc nrst open slghs
were San Jose forty miles from this city, IN the near
of the fertile Santa Clara Valley Land Tor years nso
been held $3.50 acre near San JOSE ana city prop
erty brought a correspondingly good price Suddenly,
without any apparent cause investors rushed In and
bnying San Jose lots and choice surrounding
farm lands at twice what had formerly been asked io
thom All the San Francisco papers were niiea WIN
articles descriptive Of the advent OF Eastern visitors ana
tire Immense demand for San Jose property IL was
gravcly argued that this pleasant city would speedily
become mere of San Francisco to which trains
would run in forty minutes. The popular Imagination
was fred by these ingenious fctions Hundreds OF San
rushed to San Jose and bought land at four
times the price they would have purchased Tor three
months before. Excursions were arranged auctions
held real estate offices blossomed every hand agents
In. AM Aul
secured home ike the boom was on III remaincu Only
fortnight; but that brief time tracts nye miles from
san lose we're divided into town lots ana SOLD 10 creu
uous purchases, many of whom bought from the map
women wee the widest gamblers IN these io,s. MANY
gains heads Of ali the others lime alone can
Most OF thom small capital and being unable to sell
their land they have other alternative than 70 oeIaue
second payments and lose their original invest
ment The large OF land which were reported AZ
San jose appear to have been mainly wsl known a.
wash sales between Spectators Few outside invest
ors and left after lis brief spas
OF excitement with values enormously Increased ana
nothing show for the sudden imitation Repentance
will probably when the assessor makes up his tax
list from these fictitious values 60, u, ..
From San jose the spread to Santa Cruz ana 10
this city Santa Cruz is tie popular seaside resort tor
San Francscans but property there aa oeen ns,
than fortnight In the place The same methous e,
played at san Jose we're tried there Win the result a
prices lifted and genuine sales were haue
What Is the trpose the ambition OF INC peopio
was excited and they have gone aoGu, IN ,n NV
way to attract Eastern tourists this winter Al inc
up through the Salinas ana santa CARA AMY wv
hoo foil
and mean could not show new real estate oces
and unparalleled bargains In corner iots'
GAMBLrSG IN SAND LOTS.
Francisco since the great crash In 1875 mas oeeh
very consery alive In real estate dealings In many
parts of the city property was held absurdly low ana
sale for 1t at any price, About four years
ago there began to be awakening. and every year
since has seen an increase I'm values When the boom
came roaring up from the south some shrewd real
estate ia this city saw their opportunity Ihey
had been heavy in the tract south OF Golden
Gate Park region Of shifting sand dunes over which
the fogs and cold winds from the neighborlng ocean
sweep every afternoon This territory has never been
imnroved In any way 1t Is mapped, but man who
buys selects IT from the map; II would he hope
los, undertaking identify 1t on the tract Itself Most
At large auction sale a little over year ago these
blocks brought from 200 to Inc lpdter price
bought this property on the same principle that they
something that would be good Tor their old age or Tor
their children.
CURIOSITY IN SPECULATION.
Suddenly, without any warning, prices for these
blocks began to advance rapidly. Ceverly written
articles appeared IN tho newspapers showing that the
drift OF pop ation was direction OF this district
south OF tho park and that would only require mere
bagatels of $4,000 people to I'LL 1t With resicnces
Those who argued this strain neglected to notice that
there hundreds OF or vacant land lying nearer
town and waiting to DO improved The San Francisco
public which always had mania for speculation In
outside lands, responded to this tempting bait The
5000 blocks jumped up to $1,000, then to $4,000 and
S. OoO Many bona hde salos we're made at tho latter
figure The lot, which faced tho park outstripped all
Others The block which sold year age for 800
sold for $4,000 while other blocks far ont the
ocean were sold fer $4,000 each Most c these sales
were made 10 per cent cash. the remainder In semi
YEARLY instruments extending over three years. The
craze lasted about six weeks Then 1t collapsed ms sud-
had "A hfaI slIa Ia
In lands but II OF the specula-
ton that prices maintained Just as though buyers
were numerous and or the result of this
gambling mania will lie that the original Will
have their sand lots well the first yments Of de-
vert To sonnet NJ near the real value of the land.
In other parts of the city the speculation has not been
wild but vaines have been Inflated beyond what the
ginning the great future tina. lies before San