The Birmingham age-herald., 1915-10-20
The Remote Effect

The Remote Effect
 The result of the inability to market much the greater part of Cahfornias s fruit harvest this year is notable In the stag na ton. which chafacterizes the real estate business. Buying and selling of real property, particularly of farm lands have in the past been among the features which characterized Californias prosper ity. This year there is practically no mar ket for real estate, and this stagna tion has been especially felt in the city of LOS Angeles and it's vicinity.
 Another effect of the European war is . practical embargo upon the export of beef cattle. Some Of the herders who have large droves in Texas have been compelled to abandon any attempt to market these cattle Heretofore they have exported the cattle. The difficulty in this case. however. is not due to lack of demand. The cattle dealers could easily market their stock and at good prices, but they cannot secure vessels in which to transport them. For that req son a practical embargo upon the export of cattle from the California coast now exists
 On the other hand. California can ex- port, If not by water at least by rail, to gulf ports her splendid wheat harvest of this year. The state has matched. rela- lively speaking, in it's wheat harvest that which has been secured in other states The demand for wheat is so great that If it were impossible to secure vessels which would transport it to other lands It would pay to ship it by rail to New Or leans. Galveston or Houston. Tex. where steamers can sooner or later be char tered. Although the fruit harvest of Cali fornia is understood so far as the export trade is concerned to be failure in spite of the fact that never was more luscious fruit and in larger quantity grown in Cal ifornia, on the other hand money in great amounts has been brought from other parts of the country by visitors to the exposition. One of those who returned this morning from California said thas he had been informed upon reliable au- thority that the visitors to the exposition were leaving about 1000 day in San Francisco, and this money will stay there to be utilized by banks and borrowers in financial or commercial undertakings. There Is no doubt about the financial sue cess of the exposition. It is sure to es- tablish a record in this respect. The wonder is whether after it is ended San Francisco will experience the same reac- tion which other communities in which expositions have been held have in the past experienced. But the fact that the exposition itself is a financial success and that money in large amounts has been taken to San Francisco and Is to remain there tends to the opinion that San Fran cisco is not to pass through a season of reaction after the fair is ended similar to that felt by Philadelphia. Chicago, Buffalo, Omaha and other cities in which expositions of this kind were held.
 One of the exports brought in from Chicago which illustrates the stagna- ton of the fruit industries tells of the sale by wine manufacturer of a very large amount of claret for which he was glad to get 10 cents a gallon. Were it not for the exploitation and development which are now in progress fin Alaska the probabilities are that Seattle would feel in some degree the depressing influence of the European war which has within q few weeks been widely felt in California.