The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-19
REVIEW OF REAL ESTATE
Marked Increase in the Num-
Der of Recorded City
Sales Noted.
ITEMS OF PUBLIC INTEREST
Oninions of Brokers Upon the Flu
ture Market for Country
Real Estate.

The wide-awake real estate dealers of
this City, who feel every throb OF revlvlng
prosperity realize that a languishing
country means a stagnant city, and vice
versa, a prosperous country growing
CITY, This view of economic conditions
has LED capitalists of this City to invest
their money in irrigation projects, to
subscribe for railroad stock, and to do
where they owned large holdings what
has long been demanded, viz: subdlVIde
those ranches into small tracts and offer
them to settlers at reasonable prices and
upon favorable terms of purchase. The
demand for the farming lands OF this State
is sure to increase with the greater use OF
irrigation and the increased transporta-
ton facilities now assured, which will in
sure good crops in few uncertain sections
and greater profits on every farm product.
The dealers in country real estate are
much encouraged over the prospect OF
better market for California lands. Dur
ing the past. week a number of them were
interviewed and their views will doubtless
be of interest to every real estate broker
and owner.
George D. Easton of the country depart
The outlook for continued improvement of
the. country real estate market is extremely
favorable During the past two or three
months the quiet time of every year, sales
have been comp aratiYely few, but believe the
season just at hand will show very different
results.
e. A considerable amount of attention seems to
be directing toward the interior valleys of the
State, where progress is being made in the work
on extensive irrigation systems, as well as
where the systems are already complete, and
these heretofore undeveloped sections seem to
offer attractions to many intending settlers
and possible purchasers of lands.
In England and in some OF the northern
countries of Europe as well, the question OF
emigration to California is being discussed in
many homes, and during the coming SIX
months the tide of travel will almost surely
turn this way. In the meantime we are per-
fecting plans for extensively advertising Cali
fornia through the agencies OF a leading Eng
l1sh steamship company and we believe we
will succeed IN at least assisting to what this
State most needs, settlement by reliable, thrifty
people of lands now unoccup1ed.
c: NJ. Arnold, manager of the Western
Land Company, remarked:
knowledge of California and the advantages
TO be enjoyed here have excited wide interest,
and are causing many persons to look in this
direction. But something more than general
information is requisite before the man OF a
family, with only moderate amount of money,
feels warranted in breaking up his home to
come West, where conditions are quite new
altogether l.
means before letting go their surroundings
endeayor to settle upon some definite plan TO
be taken up on reaching the new section of
country to which they are drawn. Such plan
is usually made and change of location de-
Jermined upon only after special and practi-
cal information has been obtained. In a few
days shall take trip through several of the
large Eastern cities and 1 propose to make
Tangements to distribute through certain
agencies, advertising matter upon the diyerSi-
fed advantages of this State. The condition OF
no TtrxyT al o.
for the future.
NJ N. Coward of the county department
of Bovee, Toy & Co. expressed himself as
follows:
For many years Eastern people have been
surprised at the prices of country property In
this State. The prices of land here were until
quite recently so much higher than the rates
demanded elsewhere west OF the Mississippi
River that immigrants would disregard
climate and choose Dakota, Minnesota, Col
orado, Nebraska, Kansas and Texas, where
farming land was selling from $40 to $15 per
acre, instead of coming TO California, where
good farming land was held at from $50 to $50
an acre. very different comparison OF coun-
try land values can now be made. Since the
business depression, which was universal over
the country, there has been presented new
scale of prices, and there is no doubling the
statement that the scale is soon to go up. At
present the figures asked for country land are
the most reasonable and defy competition from
any source or section OF the Union.
Lester Herrick of the firm of P. H.
Jordan & Co. said:
The great requisites to healthy market for
country realty are more transportation facili-
ties, more irrigation, more subdivision of
large holdings and more immigration. The
first three viii insure the latter. Whenever
the preponderance of evidence in our favor
becomes great enough, and well known, no
one will have cause TO complain of the lack of
buyers. To live in this State where the eli
mate is continuous delight, where laboring
men work out of doors all the year round,
where the range of production is as wide as
the most exacting critic could wish, while
much to be desired, is after all less important
in some ways to the average home-seeker than
the opportunities of making a good living.
This is fully appreciated by the men of vast
local interests who are engaged in building
irrigahng bitches and new railroads.
David Bush of the country department
of 0'Farrell & Co. expressed himself upon
the outlook as follows:
There is much more interest manifested by
our home people as well as by residents of the
Eastern States in California lands This firm
has a correspondent in Europe who reports
much inquiry tor data pertaining to this coast
and especially this State 1t appears that the
fruit shipments to London have caused much
favorable comment and been the source of
. some of this increased inquiry about our lands.
The growers OF almost all fruits are OBJ
obtaining good paying prices this year. The
Vineyardists are happy because OF the prospect
OF their getting nearly double the price for
their wine grapes received last year. This is
owing in great measure to the efforts OF the
Wine-growers' Association.
The most of the inquiries are for small prop
critics OF from FIVE to fifteen acres, Of which
there is a great scarcity in the Bay counties.
In this section desirable tract divided into
small holdings viii meet with ready sale if at
satisfactory prices. No fancy figures can be
obtained, and the sooner owners realize this
the better it will be for them.
Regarding country land, Hon. Valentine
G. Hush, president of the Syndicate In
vestment Company, in the Chronicle
building, said:
The demand for country land is improving,
particularly for land near the bay, within easy
reach OF the San Francisco market. In our
judgment, land values have come to their
lowest level and are now tending upward.
Within twenty-five thirty miles from this
City excellent farming, fruit and grain lands,
with facilities for shipping produce
by either rail or water, can be
bought for $50 per acre. This same land will
surely sell for 500 per acre in the near future,
it being actually worth that much and more,
on the basis of income to be derived from il.
The San Joaquin Railroad, the new coal
road, the various organizations looking toward
improvement and extension of CALIFORNIA;
manufactures and commerce are fast creating
q feeling of confidence in the future which
must result in better times. There is no man
so independent as the farmer; no occupation
more pleasant and healthful than fruit cul-
ture, and no better time than the present to
invest in land, either in country or city.