The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-10-26
REAL ESTATE
INCIDENTS.
What Brokers Say Regarding the
Market and Outlook.


| The San Francisco Real Estate Exchange In
dorsed-s J. Stabler Speaks About Our
Fruit Lands-Auction Notes.
| Last week witnessed finn, but compare
lively inactive market, owing principally tt
the interest which is being taken in matter;
political. Prices ruled steady and high an(
holders of property showed little disposition
| 10 make concessions, even when the differ
| ence between sellers and buyers was small
| Mr.. John G. Green of California street. a
| dealer who believes in constantly submitting
a long list of offerings, discusses the market
| and future of San Francisco: The real
estate market is in healthy condition
| There is evidence on all sides of unboundet
| faith and confidence in the future greatne SIS
| of this city. This confidence is more notice
a BILE in the shrewd Yankee who comes Ou
| from Chicago and other enterpris ing cite,
| in the East. This class of investors are
| well posted on what city ought to be, anC
| are quick to see the advantages offered FOL
! investment in a growing city like San Fran
| CISCO
Our own people are beginning to wake up,
though there are many SilurianS among u.s.
| The Eastern investor seems to have more
sand than our people and knowing ag0Od
| thing when he sees it takes hold. The
| trouble with the average San Franciscan Is
| that he is used to having things come easy
or in other words, without much eXertion on
| his part and he does net seem to fully com
! prehend what competition is; he is like the
! Ilcll man ) son, born with q silver spoon Ill
| his mouth and has been nursed in the Lax
| OF luxury. Unless he wakes up to the era
| Of progress which is being thrust upon hlu
| he Will get Swalnped with the wave that is
| rolling westward to flood this metropolis
| with "new-iangled ideas of doing business,
| as the Siluriau calls it.
Yes, l am in favor of all legitimate
| methods which may be introduced for deal
ing i'll real estate, and especially am | n
! favor OF establishing real estate exchange
with well defined rules and regulations FOL
| conducting the business.
The public auction as conducted by the
''old time and representative houses is
| falling into disfavOr, and though it has been
said THAT all crops may fail, the crop OF
| fools never Will fail" / am of the opinion
| that through such methods of Teiing prop
erty at public auction" as conducted by
| the "old time and representative house" the
| crop OF fools are getting pretty well thInneG
out, yet the representative house" in lis
egotiSm does not seem 10 realize this fact,
| and when few progressive, live and wide
| awake inns come together for the purl ose
| OF forming an exchange, which will have the
| effect OF doing away with wash" sales and
| placing the business Of real estate agent
! on legitimate footing. the "old time arc
representative house, is not inclined to the
| proposition, | feel that this new move will
take care of itself. 1t is 10 my mind fully III
| accord with the progress of the age.
We are coming to a turning point, and
am sangulne that the progress which will be
| made III this city from now on will be as
| tOnishng. / VIII undertake to say that the
| person VINO goes away and returns to this
| city within few years Will see such marked
| changes that he will scarcely believe this &c
be the same San Francisco. Such building,
| as the Mills block, the Croker block, and a
| score OF others now unaer way and to be
| erected in the near future, is the beginning
| OF what may be termed marble and
stone" era of architecture for this city
| With the great variety OF marble and stone
| suitable Tor building purposes to be found in
| this State and throughout the Pacific Coast,
| L expect to see some IF the handsOmest build
! ings III the World erected; these will line Mar
ket street, Van Ness avenue and all our lead
| lug thoroughfareS The value OF Market street
| property which some now consider high at
| $1,000 to $1,000 per front loJt will more than
| treble with this era oil prosperity. Electric
|
| tens of rapid transit will be perfected 10
| the highest degree, and with such facilities
! for travel there VIII he no section of the
city and county of San Francisco that will
not be made accessible in the shortest
| possible time.
The investor who has to stretch his i'm
| agination or screw up his courage little ut
| the present time before he can persuade
| himself TO invest in few cheap lots in the
suburbs, will reap the reward of a we'll
In h,sin ne ir,,a ,aN ~
realize the wisdom of such an investment.
COUNTRY PROPERTY.
| A wealthy and experienced dealer in agri-
| cultural and fruit lands, ). j. Stabler OF
| 1913 Montgomery street, was waited upon by
| THE CALLS real estate representative and
| asked to give his opinion on. the outlook for
| country realty and fruit industry in this
| State. Mr.. Stabler is q practical fruit grow
| er and an authority on the subject and the
| following statements by him in response to
| questions will be read with interest:
I The outlook for the fruit industry and
| other California products were never more
| promising.
The increase of orchards and vineyards
during the last five years had hardly kept
| pace with the enhancement in prices OF
| fruit during that period aud as yet we have
| not enough fruit to ship East to ascertain
| the compass and extent of the market in our
own country. 1t is immaterial whether the
| Jersey, Delaware or other fruit sections on
the Atlantic Coast have full output in
future years; there is but little conflict.
Our fruit ,ripeuing earlier, it merely
lengthens out the season in the
conflict, but there is no competition
| injurious to US between raising and
curing fruit in California and in any other
| OF the States; the climatic advantages en-
| joyed by California in wheat raising are
| even more pronounced in growing and cur
| in frpit iniapenHnpt 0f fhat thp
| prune, apricot and many other fruits will
| not mature in any State but this. Thou
sands of acres of land during our summer
can be covered with laden fruit trays for
weeks at time without fear of rain or in
| furious dews, which is an impossible thing
to practice east of the Rocky Mountains. 1t
| is beyond controversy that sun-drying in
! the great valleys of California is inc0m-
! parabiy superior to artificial means in dry
| Ing fruit from financial standpoint aud
| equal to them from any other standpoint.
| Mr.. Stabier seems firmly convinced that
the most profitable future industry upon
this Coast will be dried fruit, and partlcu-
larry tile dried French prune. The present
| protective tariff of cents per pound places
| it at once in q position to outstrip all COM
| petitors in the list of dried deciduous fruits
then again, the prune can be gathered and
| cured with more ease and much less ex-
| pense than the other decduous varieties.
! The longevity and hardness Of the tree is
| much in excess of the peach. apricot or
nectarne. OF course, 10 cents per pound,
the price OF the dried prune this year, is
| known to be phenomenal and is by no
means to be taken as o criterion, but 8
cents or even cents pound for ths
! dried material will yield the producer an
enormous profit. To ascertain this fact we
| are not driven to the fabulous yields Of 1000
| pounds to the tree, which was obtained in
many favored portions of the State during
! the past season, but the average yield of a
five or six year-old tree of say 200 pounds
would give us rs pounds of dried fruit,
| which at 5 cents would be So 80
| to the tree or over $500 10 the acre. If
| quantities of the article, first-class in every
respect and inviting to the eye, could be OBJ
| tanned at or cents per pound. the con-
| sumption would be enormous. The States
| and Territories north and east of us would
! have as many pounds on their tables as they
| have of meat or vegetables.