The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-03
REVIEW OF REAL ESTATE,
Dealers Encouraged by the
Prospect of the Year
for Farmers.
BUILDING SUMMARY FOR MAY,
Thomas Magee & Sons Real
Estate Circular.

Real estate men are much encouraged
over the prospect of good prices for farm
products this year. The price of wheat
has advanced since the LIST of January, and
a still better price for this years crop is
probable. There will be a universally
greater output of fruit at higher prices
than last season. This will not only bring
more money into the State. but prove the
strongest attraction to that much desired
independent and skillful class of Eastern
farmers.
In seeking home in California, senti-
ment is of little value with the man who
already owns a farm elsewhere. Matters
of practical every day life are the first con-
sideration. To live in this State, where
the climate is a 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 said is after all
less important in some ways to the average
home-seeker than to learn of the oppor-
tunities of making a good living after
reaching California. The demand for the
farming lands of this State is sure to in
crease with the greater use of irrigation
and the increased transportation facilities
now assured, which Will insure good crops
in a few uncertain sections and greater
profits on every farm product.
The wide-awake real estate dealers of San
Francisco, who feel every throb of revlving
prosperity, realize that languishing coun-
try means stagnant city, and vice versa,
thrifty country growing city. In view
of this capitalists of this City have been
led to invest their means in irrigation
propositions, to subscribe for railroad
stock and to do what has long been de-
manded, subdivide many of their large
holdings of country lands into small tracts
and offer 1t to settlers at reasonable prices
and upon favorable terms OF purchase.
EASTERN SNOW VS.. WESTERN SUNSHINE.
From advance proof sheets of the real
estate circular published by Thomas Magee
q Sons the following extracts are taken:
The late snowstorm at the East has played
havoc with fruit I'D vines. What promised to
be a large fruit crop has been seriously dam
aged. In the Chautauqua, great grape-grow-
ing district, a strip six or eight miles wide on
Lake Erie, about a million and half dollars
worth of damage was done to vines. Killing
frosts extended over fifteen States. In the
Northwest the harm done was confined to
small grains. In the Dakotas one report
places the damage as high as 70 per cent.
Ohio fruits OF all kinds were killed and corn
W
and Maine the ground was frozen half an inch
deep, killing fruits and early vegeta bles. Such
a condition OF things East will greatly benefit
California. 1t will make the crop this year
more valuable. But this benefit will be in
intestinal beside the more permanent benefit
brought out by the contrast between this
china te and that of the Eastern States Many
farmers there will become discouraged and
those looking for new fields to conquer with
the plow Will come to the State with the most
eouable china tie and the one with the greatest
n m hnr of cyriD an ti,r a6x or1to
The Eastern States have a long start on Cali
fornia, but in the long run the winning section
will be the one which, in given numb Der of
years, produces the largest average crops.
Snow, frost and especially rain continually
threaten the Eastern farmer and fruit-raiser
They are kept in suspense until their crops are
harvested and under cover. Summer rains
threaten them and often spoil their crops. In
California, the farmer or fruit-raiser can de-
pend On three or four months of dry weather.
He can count on his crop sometime before har-
vest and he can leisurely cut his crops and
gather his fruits without fear of rain. Such an
lnducement with such soil should make Cali
fornia the greatest general agricultural coun-
try in the world. When it gets fair start all
the world will wonder at its advantages.
MAGE ON COUNTRY LOANS.
The effect of cheap money in increasing loans
is evidenced by the fact that the Hibernia
Bank, with its reduced rate of interest of 615
month loaned $2s7 900 Although the
other leading savings banks have not formally
announced a reduction to 6% per cent on all
City real estate loans, as the Hibernia Bank
did month ago, yet they too are not refusing
choice City loans in sums of $4,000 and over
at the reduced rate. We think the time has ar
rived when our City savings banks should again
begin to entertain country loans in small sums
in choice localities, with large margins. Larg
loans on large tracts should never again, we
think, be entertained, nor should any loans
hehcelortn De granted TO absentees. Only
owners cultivating the land upon which they
seek to borrow should be accommodated.
Absentees are generally spectators and not
farmers, and the farmer, the producer, alone
we think should be aided. When he asks for
money, he generally does SO to make improve
ments that will make his property more pro-
ductive and valuable, while the absentee, who
bought for rise, frequently borrows only to
enable him to carry his land for higher rates,
where they are already too high. 1t would not
be true to say that small country loans are the
only safe ones, but it would be true to say that
they are, as whole, certainly much the safest.
RECENT SALES.
Shainwald, Buckbee & Co. withdrew the
hfty-varas embracing the Pioneer WOODEN
mills, last Wednesday, no ADEQUATE bid
having been received. Several persons are
considering the purchase of this property.
whose attention was directed to it by the
liberal advertising done. This property
adloins the Black Point military reserva-
ton at the head of Van Ness avenue, and
| is suitable for almost any manufacturing
purpose.
Baldwin & Hammond report the follow
ing:
Three-story building on the southwest corner
OF Washington and Powell, renting for $40 a
month, 5000; lot on the east side OF Bart
lett, between Twenty-frst and Twenty-second,
% :lOx11O, $3.50; two-story residence on the
north side of Washington, between Powell and
Mason, with lot 3S :9x137:6, $500; lot on west
side OF Florida, between Twenty-first and
Twenty-second, 26x100, $3.50; lot on the
north side Of Broadway, west OF Cough, SIX
1877 IS, $3.50; lot on the west side of Seventh
avenue, between c and d streets, 25x12O,
$500; lot 22x77:6, with improvements on
the south side of Pacific avenue. west OF