Los Angeles herald., 1890-11-19
is 1T AT BEDROCK NoWp

H. A. Ross, for $4,000. The property
has been bought and sold three times
since July, and has increased $500 in
value. B. +. Whipp was the last owner,
and he made $1,000 on his investment of
forty-two days. Mr.. Ross and his wife
are from Manitoba, and they will imme-
diately remove to Pomona and will
build residence adjoining the orchard"
There are three things to note in this
paragraph: The price paid for this de-
ciduous orchard without improvements
is $500 per acre; that is an in
crease since last summer of nearly
two-thirds, and of $1,000 in six
weeks; the purchase is for invest
ment and a residence will be built
on the place at once. There are few
other ernoteworthy facts. Ii the trees were
in good order, the crops of last summer
very easily netted their owner 500 to
$3.50 per acre. These figures make the
purchase very cheap. Next years crop
will recoup the buyer in a large portion
OF his outlay. With good care, such as
one man with one horse can easily give
by working an average of two hours a
day, these ten acres ought to yield a
man yearly $1,000 to $4,000, and ii he
dries the fruit himself the gross receipts
will be more than doubled. Here is a
very handsome living for family at an
outlay of not over $1,000 all told, and
very little labor necessary
If the above were series of isolated
facts it would not be significant of much
in any way. But it is not so. All the
facts are typical in all respects of what
is going on daily in all parts of this Sec
ton. First, there is healthy demand
or good lands, improved and unim-
proved, at fair prices.
Secondly, there are large numbers OF
sales being made in these classes OF
property all over this section, for invest
ment by actual settlers, who proceed at
once to make permanent home.
Thirdly, prices are hardening, and
even rising steadily. Property cannot
be bought today as cheap as year ago
by twenty per cent. bargains are grow
ing very scarce, and the outlook is for
decided advance in values before the
coming spring is gone.
Fourth, the reason for all this is the
realization that has taken poss of
the peoples mind of the intrinsic value
of the property of this section. The
movement is based on a careful estimate
of returns from crops. The people are
laying hold of these facts in a very pos
itive form. The HERALD gave notice
last Saturday of the closing OF deal for
ranch property below the city. The
deed went on record on Monday. 1t
was the Burlingame ranch, near Comp
ton, 271 acres, selling for $4,000. 1t is
raw land mostly, but it brings 5000
per acre. 1t is regarded by
conservative men as a very good buy.
We have chronicled good many signifi-
cant sales OF late, and there are num-
Der of large deals now pending, the con-
summation of which will astonish the
slow thinkers. A
The fact is this movement is not pecu-
liar to Southern California. In San
Francisco there is an absolute boom in
city property. Senator Fair. who has
known the bay city since Mount Diablo
was hole in the ground, is credibly
reported to have invested $4,000, 900 in
city property in the last year or two.
That sum was paid for vacant
lots, or those on which the improve
ments went for nothing. Last week q
Boston man landed in San Francisco,
and in a few days closed a deal for nine
blocks of what were known until the
other day as outside lands, lying be-
tween Golden Gate park and the Cliff
house. He paid cool million for these
vacant lots.
The fact is the eyes of all the country
are on this state. 1t is foregone con-
clusion that there is to be dense popu-
lation here in time. San Francisco will
be one of the three or four largest cities
on this continent. Southern California
will be the densest and most prosperous
population in the whole world. The
area of semi-tropic lands is very limited.
The contention for them by the middle
of this decade will be very sharp. Los
Angeles will, next to San Francisco, be
the most impo, tant city on the coast.
From the Arroyo Seco to the sea will be
thickly peopled. When it shall have
doubled its present population what will
be the value of city lots?
Here are the salient facts in the stu
alton. Cast cursory glance at the above
facts, and the conclusion is inevitable
real estate is cheaper now in Los Angeles
and vicinity than it ever will be again.
DIED-Albert L.. Howard, son of F. H. How
ard and Armida LoaiZa de Howard, aged 8
years and 2 months, OF diphtheria, in this
city on Sunday, 10th inst, and was privately
inferred on the same day.
L. e L