Los Angeles herald., 1891-08-31
A nAeN1rIcENr OUTLOOK.


A MAGNIFICENr OUTLOOK.
The short crops of Europe, in connec-
ton with the superabundant crops of
tho United States, is the great topic in
III the New York papers. The world of
the 23d inst. is full of the subject, con-
tanning interviews with all the leading
grain men and many noted fnanciers.
Mr.. Chauncey M. Depew turns up in
London with the remark that all he
heard on his recent trip to the continent
was discussion about the retrenched
crops of Europe. ALI the New York
financial magnates are unanimous in ex-
pressing the opinion that the European
demand for our breadstufs will result in
great prosperity in the United States.
And indeed it requires very little sa-
gacity to accept this cheerful forecast.
The man who should attempt to play
the dismal role in face of the abounding
signs of prosperity that confront us on
every side must be atrabilious in deed.
One well-known grain merchant, who
has had much experience, has no hesi-
tation in saying that Europe will require
this year from the United States fully
$500, ,O0O, 900 worth of breadstuffs.
There is something whose cheerful
Significance cannot be exaggerated.
Add to this the other item OF cotton.
and it is exceedingly probable that, in
two staples alone, this country will ex-
port to Europe values in excess OF five
hundred millions of dollars. All the
indications are that the balance Of trade
will be in our favor to the extent Of two
hundred millions of dollars, and per-
hape to much larger amount. Such a
condition of things is pregnant with
untold good to all classes, conditions
and sections OF the United States, and
presages one of those years which are
called golden.
OF course, California will share ex-
ceptionally we'll in this great national
benefaction. This is one Of the leading
wheat states, and the fact that we align
the ocean enables us to avail ourselves
Of the cheapest method of transporta-
ti0n ever discovered, that by water
ways. Our crops Of the cereals have
been notably good in both quantity and
quality. From all quarters of the golden
state comes confirmation of the glad
news that this is the golden year.
Los Angeles will share in the general
prosperity ahead in most gratifying
measures. Here, too, the farmer has
been abundantly for his toll.
Never has there been go much attention
given to the work of production as dur
ing the past twelve months. Orchards
and vineyards have been set out on all
hands. The San Gabriel valley is being
dotted over with new orchards. The
horticultufists have reaped rich returns
from their last years crops. We have
already recorded tine fact that Mr.. E. j.
Baldwin sold 100000 worth of fruit
from seventy-fve acres of orange trees.
His neighbor, Mr.. A. B. Chapman, did
relatively as well. Go where one will,
and increased production, in most graf
flying ratio, is encountered. Settle-
naents like Monrovia are coming to the
front again. The enterprising people Of
that town have gone up into
the hills and are developing
uster with an energy and success
that mean great things in the
near future. So are the people of Whit
tier, and we merely instance these two
places as examples of many others. Our
people have caught the spirit ofimprove-
ment, and the time is not distant whan
al our rich acres will be made to do
their work in the glorious boom of pro-
dnction that is now fairly under way.
The city is not whit behind the coun-
try in promise of improvement and pro-
xress. Our merchants have this year
done Asplendid business, the total be-
ing greatly in excess of any year
since the "boom," Of happy memory.
Tho Terminal railway is pushing its
way down to Long Beach. The
Electric Belt railway, Notwithstanding
fhe clatter in the San Francisco news
papers, is going steadily ahead. Dis
eliminating investors from abroad are
purchasing eligibly located real estate At
Drioss which are at least from Is to 20
~ cent. higher than could have been
61cained for the same properties one
'Junr aeo. All the indications point to
: eoatinuance Of the legitimate activity
= roal estAte which has prevailed in
- ejtx for some time past. 1t is
116nely eosA that Los Angeles, already,
n 6an EEdncisoo, the most populous