Los Angeles herald., 1906-04-07
TOURISTS LEFT
THOUSANDS HERE
DUN'S REPORT TELLS OF BIG
INVESTMENTS
Southern California Is Decidedly Pros
porous, the WelI=Timed Rains
Adding to Her Prospective
Crop Profits

II. u. DUN & co. monthly review
of trade conditions for March in South
ern California is as follows:
Crop outlook continues good through
out this section. Rain was abundant
and well timed. Never has the situa-
ton looked better to farmer and
orchardist. All mercantile business
has good tone. The rush of the tourist
season is now on the decline. 1t has
been the heaviest sason Southrn Cali
| fornia has ever known. Not only has
the presence of the tourist been felt
in general trade channels, but also in
the real estate market. Tourists this
year have given proof of their appre
citation of Southern California's future
by putting thousands of dollars in real
estate here for investment and future
home sites.
The orange market continues strong,
the demand is good and supply and
distribution have been about right to
make profitable prices. Returns have
been given by good authority as about
| rs per cent in advance of last season.
Heavy cash buying still continues.
About $500 carloads of naVels are still
on the trees. The seeding market has
not yet opened There is a good specu-
lative demand at S1.6O and $1.70 spot
cash. There is a very active interest
in valencias. Shippers are not quoting
prices. 1t is generally conceded that
they will come high this year. 1t is
reported that some have been contract
ed at SEC and 4c a pound on trees.
Lemons High
Lemons are going out at the rate
of about twenty carloads a day. The
trade is good for this season of the
year and California product brings top
prices. AS the supply of summer
lemons from this section this year will
be light, and importations of lemons
from Mediterranean districts will be
100000 boxes short for the year. it is
predicted that July and August will
see the highest prices ever paid for
this fruit.
In the cured fruit market quotations
generally remain unchanged The
offers of the Packers association and
the California Gamers company to
make a SIC a pound rate for this
years crop of raisins have destroyed
any hopes of a successful pool by the
raisin growers. Cooperative work in
raisin marketing by growers seems to
be difficult. Spot market is dull. II
is believed summer prices for 250O tons
still remaining in the state will be
firm. Interest just now is directed tc
1906 fancy seeded crop, although it is
said that packers are turning dowr
orders at &c f. o. b.
Wine Men JubiIant
Wine makers are jubilant over the
passage of the Needham bill taxing
proof brandy 1t will advance thu
price of California stock of sweet wine
now on hand.
The bean market is easy. Abou
100000 sacks are still in warehouses
but will be out before new crop come
in. Santa Barbara and Ventura hav
put in about the same acreage; Lo
Angeles and Orange much larger thai
last year. There is a lighter planting o
pinks, as they have been drug on tn
market.
A bumper crop of sugar beets is as
sured. the acreage in this section bein
the largest ever planted. The thre
factories will run full capacity an
the campaign will be one month longe
than usual 1t is believed the outpu
will reach a hundred million pounds
Copious rains have weakened tn
honey market. Prices, while remaining
practically the same, can be shaded
Oil industry is getting into good shape
The demand now equals the supply AM
the price is advancing. Locally trad
is exceedingly good, especially II
building and construction lines. Per
mits for the month passed in value tn
two million dollar mark.
Failures for month 21, liabilitie
$74,OOO assets $4,000 same month las
year Is failures, liabilities $4,000, as
Isets S18 400