New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-24
TOPICS IN CALIFORNIA.
REAL, ESTATE VALUATIONS-TREAS DE-
PORTED BY CHINESE-FRUIT PRICES.
INV ,rtrcEIpu To THE IklBUNF.i

San Francisco. July 23.-ThomaS Mace. n we'll
known real estate agcn;, caused a sensation mere
this week by the statement before the Board OIL
Eoualization that the assessors valuation OF San
Francisco property from 50 10 40 per cent
too high Magces theory is that values have oeeh
doomed here lately, especially for property III ''c
ontslrte but that within the last year the price
OF all real estate has deprecated His CONCLUSIONS
were denied by several competent experts WHO
showed that while much property was heiu 700
high still no one to sell frst-"lhSs pusln'
or residence property for less than il commanded
last year Another Cassandra declared 'ha' '"''o
were 5000 empty Ronses in the city' whereas
the Spring Valley Water CompanyS cS'iina.c'
which is we'll nigh perfect. gives onN ''i'o
emptv houses. The development of the loan and
homestead associations recently has been very
great and every house brilt in this way for home
leaves vacant dwelling for rent The plain facts
are that, though business has been dull FOR s"Vcr"
months the city is growing steadily. the d'NeIop-
ent in the suburbs being extraordinary Inv
amount Of building in Oakland and Alameua II
also very large all Of which helps San franciNoo.
One cause Of the depression in San Francisco an
throughout the State that is generally ignore" II
the drain of treasure by +he Chinese ne Nn'''''
Of all classes send their savings TO inc fio"e'H
Kingdom instead OF spending them in tins country
The ccnrus gave II 900 Chince in the Nt''' ~"
years ago Their earnings amorn' 10 not rS'
than 500. 100000 yearly Of which thrce-qnar''!S
is sent home to China. For the thirty years 'ha' 'iS
has bcrn going we thus have me enormous
sum Of S4so 600 ooo dcrorted. This huge amount
NV. into nroductivc industries would have made
the State twice as wealthy and populouS as II j.
to-day.
Fruit-rrowers are discussing the plan OF ant
tiouinr fruit in this city instead OF turning q"
oyor - tho local commission men. who generally
ret the lions share Of the profits The Nan fr'n-
cisco commission man is probably the mHaneS'
lvpc in Christcndom. When fruit is zoo abundant
10 throws hundred, Of baskets into the bay IN
order IN maintain prices. The grower suffers
of course- ms hc has 10 stand this waste Inc re-
suit is that a large amount of frnit when cannon
be shipped Fast or canned is allowed 10 ro' III INV
orchards. while San Francscans, in The heart OF a
great fruit country. actually pay more lot '''
kinds OF fruit than Ncw-lorkprs do. his Se'so"
hos hc.n worse than usual and il has beer almost
impossiblc TO buy GOOD fruit az any price 'h
next Monday the experiment Of holding run
auction will be tried.
A lively fight is now IL prospect between inc
fruit-crowers ami tie Gamers. Inc repoIls u
failure of the fruit crop in many Eastern '''''s
and the practical clearing ont Of last fears ca'lie
goods stock have combined 10 give n hlg noom u
fruit nrices The najority Of growers have maze
contracts with canners bit they argue that tue
Gamers have been kr0vn ~ default on contracts
when TIE prices tumhlcd. so they use this as
honest act az a precedent for breaking their com
pact.
The attempt TO close the low dives or under
Ground concert salo0ns in which liquor "a sol" oF
women received a cncck this week from the super
visors They refused 10 confer the licensing power
unon the Police Commissioners, thus leaving INC
matter where it stood before The only Sn'@tah-
@;a resnlt Of the crusade is the shutting mp OF inc
Cremorne Theatrc. one % the nos' ohcnSi'" OF
these low saloons which was on the most traNe''"
block Of Mark :.
The "Sch, Il for Scandal" and The Foresters
comprised the rich bill gwen h." the DAILY COMPANY
tbis week at Stoclwel's rev theatre. Although
most of the fashionable people are on' oil Town.
many have rnn in from the seaside and mountain
10 enjoy the rare dramatic treat. III" COMPANY
rcceved warm prae- in both pieces MISS A'i'
Pehan. rs usual. carrying of the chlei h0l'rS H''
renderinr of Tcnnrsor's fine lines maze mann
long TO hear her in ShakAtpcarcan TRAGEDY 'h'r'.N
Frohman's Company has "rawr large andi'hr," ~
Tho Baldwin recent events AZ Homestead slNlnc
1.-The Lost Paradise tie added interest oi 'lhrH-
illness.
Careful studies radc of the results Of the big
rarthouake of last April in tie Sacramento Naic
demonstrate clearly that the buildings Whlc' i.''
deep and firm foundations were nnnlurcd Wh''
thosa adjoining which had shallow foundations
OF shattered hoIs,.s showed that they We're laid
drv with mortar that contained very small per
centacc of cement 10 sand.