Imperial Valley press., 1930-01-01
SURVEY OF 1929 SHOWS MANY
REASONS FOR SATISFACTION

thdoei. sumo progress mas DeeH lnaue
toward securing federal farm loans
building and loan associations nave
| increased the funds available for
loans ON city property and in some
instances at reduced rates.
! These favorable conditions as tu
productivity, marketing, and financ-
ing Nave been reflected in an in
creased turnover Of real estate The
filings Of the title companies show
an increase of 10 per cent 70 15
per cent over 1928. Analysis of the
transactions for 1929 shows two no.
ticeable facts. First is an improve
inent in the price paid for farm
lands. This is noticeable in the price
Of all classes Of land from the cheap
est to the best. Second and equally
gratifying is the decrease in the
Lumber Of foreclosures and forced
sales. There probably have not been
more than half as many foreclosures
this year as there were in 1927.
The outstanding feature of real
estate transactions for 1929 was the
purchase of large acreage by the
vegetable growing companies. Here
tofore they have operated on lease
I asis. The year 1929 definitely
marks the change to their operating
On an ownership basis. During the
year the various companies pur-
chased several thousand acres of the
best vegetable land in the valley
and are proceeding as rapidly as
possible 70 put this land into high
state of cultivation. The economic
and social effects Of this change
will certainly be Of great benefit
to the valley. It should result in
stability, improved farming, i'm
proved living and labor conditions
and is properly to be regarded as
one of the most important develop
ments Of the year.
Title Company Prospers
The business of the Pioneer Title
Insurance and Trust company in
1929 has been marked by three i'm
portant developments. This company
on November / announced that i.
would thereafter issue only policies
Of title insurance thus marking an
other milestone of progress. The
old abstract has long been discarded.
Now the certificate of title and its
successor, the guarantee of title
have given way to the modern evi
dence Of title-a policy of title in
surance. Defects in the actual tin.
as well as those existing of record
are now covered and projections pro-
vided.
The second development has been
The extension of its service to cover
the records Of all municipalities and
districts within the county. Hereto
fore these matters have been ex
cepted from the guarantee of the
title company and have been set
forth only by reports from city
clerks and others. Their condition
is now definitely insured by the
company ON the same conditions as
the county records.
The third outstanding feature of
its business for 1929 was the organ
ization of the Southern California
board of title underwriters. This
company, along with all the other
standard title companies of South
crn California, is a member of this
new organization. The chief purpose
is to standardize title service and
prices on scientific basis.
These three developments put
title service of the Pioneer Title
Insurance and Trust company up to
the standard of the best in the ooun-
try.
The year 1929 has thus been a
year productive of sound advance
ment and development for the In
perial valley in all phases of real
property and related activity. In
this successful year the Pioneer has
shared freely both in volume of bus
mess and in improved service.