The sun., 1888-04-22
THE PRESENT STATE OF THE BOOM.

THE PRESENT STATE OF THE ROOM
Prices Of fLaud-Conditisn of vaiues-Cuiture
and Pronts.
People are still going into Southern Call
fornia, and in numbers perhaps greater than
ever. Many are buying lands and settling on
them, but in most parts the boom, as q craze.
seems to be practically over. Some producing
orange lands. and some bare lands In choice
sections. are attaining higher prices. or lands
in ono Of tho most attractive districts. some
bare and some with trees Of various ages.
well-informed man said he thought 1t was at
least as high now as 1t was year ago. The Of
ferings Of new lands are ample for all demands.
The town lot excitement Is substantially at an
end. There are still some sales. but the scram-
bling for lots has ceased To somo extent auc-
ton sales Of acreage property In small pieces.
single acres and upward. bought chiefly for
speculative purposes, have taken the place OF
the town lot sales Acre is a word with q broad
and pleasant sound, and something is doing in
this line but not much as compared with tho
town lot business.
There is less outside demand for lumber.
showing that there is lull in the town build
ing business though many OF the towns are
full Of life and building is going on rapidly in
them. There are many places that seem to be
thriving finely and with tho country all around
filing up with people. and land in town and
country firmly held at high prices. Other places
pressed re the opinion that ii people keep coming
said that the VALUES of both city and county
property were increasing; that Occasionally
bod ss paa s but tssrs and Mss
30 cheap as year ago. Another man said that
any first class property offered was taken at
along here are cheaper than they were six
PsR ssG e psy IT, dss sed
ps Ii% 70 ssli tSeir O,s; S $srx nearly NJ q
and and had failed to sell They must make the
payments or lose the lots. Nearly, all Of
she ereas mas msjorty esn sou cases @ tSe deed
does not pass until y , the payments are com, n
I'd Which, nss s1s aa
I'm In the svens Of 2 failure to comply with ths
IN all sns sauy
pal sas sRRs
sSsS0 0ysnnsd @s e end .Iss L 5 ana ar
his assigns. good and sufficient deed. -"
Has S%s ras 01s asss es
fers, but they mean business to the men that
IN sry dsret in
its to Hf sstowns
development dew m W Il was said that some 6asers
were slow in making second payments. but
t s aeg Il G war
all cash. Rates Of interest are generally high.
| scarcely less than eight per cent. but one man
dsre.s Rnohep SAID ths cent had
been paid for money By some buyersin one dis
value or had been so productive that there had
not been foreclosure in the district Another
gentleman said that on the contracts for large
sssteTn 81
Der, December. and January had all beep made
Many Eastern and. for that matter; Californian
Reepns Sp e
payment on lots and property that, In some
instances they m may make k something on on on on
value as souvenirs, or as comforting the pleas
ure that is supposed to attach to the possess
The country proddnces fruits IN great variety
fbns aha ar bas epoved to
| say. that has yielded profits that seem to war
rant the prices charged for land adGI3tsd to
held at ST 1000 and 81, 500 an acre. and in some
higher An investor whose operations have
| been uniformly successful expressed belief
bu soed orange as eEoe
localities would double In value in the next
| two years.
fruit. A great majority sell to the packer and
| shipper. whose expert looks at the orchard and
offer, and buys the fruit on the trees: In the
| district which is commonly regarded In tho
@ e r.. O.
| have been cut up into town lots A represents
to 500 an acre. Fruit worth less than sSo an
Fore Fer aboat
an an acre; for most OF the other two,thirds from
s4o6 and $500 an acre for some orchards
OF five, ten, and twenty acres The other
covered. He thought that much Of the land in
the district was too valuable to be devoted to
was beyond the producing power OF any grade
Of oranges, taking tho years as they run and
the area lands devots to orange ou
ture is extending that smaller orchards arc
Increasing IN nnmbSr, tH % and the fruit imhroying
the S sishest f"' roiat oi the PRESENT stage q
in the man highly favorable the fruit Of one
OF tho best orchards, twenty-five acres, was sold
sS9 Of as essanss
an acre has been paid. One Of the leading
buyers aver and shippers ,t said that he had paid
orchard Of choice fruit; The fruit Of bndded
| than $500 an acre, but he said that two-thirds
| OF tho acreage Of ten-year-old bpddsd trees In
acre. The crop is heavy this year and some
| trees bear In waves. one year heavy and tho
| three and four years old he was paying an
! average OF 500 an acre: six-year-old budded
| trees an average Of $500 an acre. eight years
| $3.50; ten years $3.50: and difference in cultiya-
| tion and circumstances was illustrated by the
| fact that one ten-ysar-od orchard produeed
5000 an acre. while another yielded 5000. For
an orchard OF seven acres, half Of II In good
chant had received an offer OF $4,000. There
are localities where orange cultivation has
separate orchards that are said to Yield equally
| high results but these are figures OF what is at
present the best producing large orange dis
| trict In a good year.
Some bearing orange orchards may be bought