Los Angeles herald., 1890-07-30
LOOK OUT FOR BETTER TIMES.

Undoubtedly there is better feeling
all around in this section, and the infu-
ences producing this are lasting and
cumulative in their force. Money is
than for some years past. The effect OF
this will be to induce more investment
on the part of capitalists, and less of the
desire to get cent per cent. for money.
Already the force of this changed policy
is being felt at many points. There is
good demand for certain classes of prop
erty, and fair prices are being obtained
for such. The run is mostly on i'm
proved fruit ranches, orange orchards
leading, and walnut groves following
close upon these. Any good bit of bear
ing fruit orchard is readily saleable.
This class of property is paying high in
terest on round prices, and the outlook
is that this will continue indefinitely.
The walnut crop is all bought up, al
though it will not be in the market for
months to come. The nuts are worth 8
cents pound. Dried apricots are sell
ing by the carload for 14@16c. per
pound, and an acre will produce ton of
the dried fruit. 1t is something to get
1920 worth of fruit off an acre of ground.
Prunes will pay 50 per cent. more
than that sum, as will also walnuts or
figs. The people are beginning to real
ize the value of land that set to oranges
will yield an average of $500 to $940
an acre. Two or three growers in this
section sold their crop for the higher
figure last season. The same is true of
nuts and deciduous fruits, that pay as
outlined above. Such property must
attract attention. All that is being
offered is being picked up. OF course
raw lands capable of producing such
crops must share in the demand. Most
of those who sell improved places turn
about at once and plant new orchards.
The growers of deciduous fruits de-
pend no longer on Gamers and dryers to
take their crop. Some sold their april
cots at 500 to $25 ton, that is the
equivalent of 500 to $125 an acre. They
now see their neighbors getting as high
as 16 cents for dried apricots, or 1920 an
acre. Nor is the dried fruit of the fac
tories at all superior to that put up by
the driers. 1t requires only intelligence
and care to dry fruit. No expensive
plant is necessary for the work, and the
fruit growers of this section are in all
respects competent to do all the work,
and thus secure all the profits. We
have seen great deal of fruit dried on
the ranches this summer, and it is equal
to the best ever put on any market.
The influence OF these circumstances
is beginning to be felt in the city.
Farmers who were in debt are paying
out from the proceeds of their crops.
This is true of all sorts of farmers
Alfalfa is worth $S ton loose in this
city. An acre of good meadow will
yield ten to twelve tons in
year, as the grass is cut about six times
ayear, so that the revenue is nearly $100
an acre. As the farmer pays out of debt
more money goes into circulation, and
all branches OF business are beginning
to feel the influence OF this stimulation.
More implements, more lumber, more
iron, more dry goods and more groceries
are being sold.
This is just at the beginning. The
influences at work will not tire. They
will increase in force and gather
momentum as they go. In the fall
there will be good crop of grapes to
sell and they will command fair price
at the wineries. When the winter sets
in and the rain begins to fall the far
mers will take stock OF the situation.
They will find that their business the
past year was prosperous, and they will
feel encouraged to branch out with
new enterprises all around. There will
be marked revival of the vineyard in
dustry and thousands of acres will be
set to vines.
At the east there is a better tone to
business and more money in circulation.
This will react on our affairs to their
benefit. There is no end to the people
whose longing eyes are fixed ON Los
Angeles as the object of all their de-
sires. They are stayed from coming
only by the difficulty of sell
ing out where they are. AS times
get easier and business more prosperous
in the east, the number of people COM
ing here will steadily increase. Already
there is such an increase noticeable, and
by fall the arrivals will be doubled.
This will make more demand for houses
and for lots. Rents will be better and
the property now on the market will be
withdrawn from sale. Property
will get out Of debt and have money on
hand. Then prices will go up, and those
who now are quietly investing in good
realty will see the wisdom of their
course, while those are now waiting for
better bargains will learn that they did
not see so far ahead as they imagine
they do.