Daily capital journal. (Salem, Oregon) 1903-1919, 1907-03-13
FRISCO
BUILDS
ANEW
Great Demand for Certain
klnoS of Mechanics and
LahOrerS
Especial to the Journall

field of activity throughout Cali
fornia has been wide during the
month of February, and all indus
tries seem to have taken on great
ny increased virility The California
Promotion Committee. In its investi-
cations of conditions in the state,
has found numerous indications OF
a general broadening of develop
ment. This is especially noticeable
In the subdivision of large tracts of
land which have been heretofore
held in single holdings. These lands
which are the great grants, are in
bodies comprising thousands of
acres, and their segregation has
worked against the upbuilding of
the interior.
So great has become the demand
for small forms, however, that the
owners are now cutting up the large
farms, formerly given over to grain
raising and grazing, with the result
that all over the state there Is an
influx of homeseekers who are buy
ing small farms of ten, twenty and
forty acres.
This increase in development has
had the further effect OF stimulating
railroad building, especially of elec-
trio lines, which are now penetrat-
ing the mountain country, opening
new countries TO development and
settlement. There has never been n
time before in the history of Che
state when there has been so great
activity in railroad circles.
Seasonal rains have been general
and of such quantity as 10 insure
an abundance OF all kinds OF crops.
This is especially true OF fruit. and
as there has been no adverse cir
cumstances, II is expected that the
coming season will note the heaviest
fruit crop ever raised In California.
From reports received from all
parts OF the East, Middle West and
Europe, IL Is believed that the i'm
migration into California during
1907 will exceed that OF any previ-
Gus year. and that fully two hun
dred thousand settlers will make
their homes in the Golden State
during the year, From Europe
comes the report that there Is
greater interest in California this
year than ever before, and hundreds
OF families are forming colonies for
the purpose OF emigrating to this
state.
Construction conditions In San
Francisco are most satisfactory In
every way. and rehabilitation work
is progressing more rapidly than
even the most sAnguine expectations
Real estate values have been main
tained in all parts OF the city. and
In many localities have increased
with active demand Apartment
houses, fats. and hotels are being
completed In large numbers. and
the housing problem Is rapidly being
solved. Rentals OF residence proper
ties is benign reduced TO normal.
and the cost OF living Is also return
ing 20 conditions which obtained
previous 10 the fire.
Building activity during the
month OF February Is shown by the
building permits Issued. which num-
bered 659, al a total estimated val
uation OF s7.23s.OiO. According
TO the estimates OF contractors and
architects this amount does not rep
resent the true figures called for by
Is per cent, as there Is always a
tendency 10 underestimate the value
OF a building Adding, therefore. 10
per cent Of the above amount TO
the total IL would bring the amount
called for by the permits TO ts.317.-
SCI. Since the Gre the total number
.of permits for building that have
been issued is $3.50, with a repre-
sented valuation OF t4G.s54.s76.
Applying the same rule here it
would increase this amount 10
S53.sss.1O7.
During the month the customs
receipts OF San Francisco have
shown a marked Increase over those
OF February. 1905. The total for
the previous month was tsf7.7i9.-
80, against a total OF t77T,736.s5
for the same month a year ago.
During the same time this year the
postal receipts were t142,142.
San FFancisca's bank olearings
for February amounted 20 S184.-
2s4.36s against si56.27i.s1l for
the same month Of 1906. But at
that time the Oakland banks cleared
a.