BUMPER CROPS IN CALIFORNIA REVIEW BY DUN
&
amp; CO. OF TRADE CONDITIONS
Deciduous Fruits Maturing Rapidly. Big Celery Season – Largest Orange Crop in the History of the Golden State.
Los Angeles, May, 11, 1906 – The following review of trade conditions in California for the month of April is submitted by Dun & Co. commercial agency:
California grain crop is growing uninterruptedly and promises an excellent yield. The deciduous fruits are maturing rapidly. Per crop will be very heavy, prunes and peaches good average, apricots light. Canners are contracting peaches at $40 per ton.
Vineyards are in unusually good condition and the beet and bean fields hold bumper crops. The destruction of the sugar factory at Salinas will necessitate longer campaign at adjacent plants, as product of tributary fields will have to be transported. The conditions for dairy products were never better. Southern California has just closed the celery season, netting $600,000 to growers and is now busy marketing her citrus crop which conservatively estimated, will net orchardist $18,000,000. The oil wells are still flowing and not a pay streak lost in the mining districts.
San Francisco’s business section is destroyed, “But the same conditions that made her the greatest city on the Pacific coast remain and will cause the rebuilding just as quickly as structural material can be brought to the cleared ground. Commercial centers do not come haphazard but are forced by location. San Francisco is a city that has built many large fortunes. At last report the resources of her banks totaled more than $400,000,000. Vaults remain intact. Property records were not destroyed. Fire insurance losses aggregating more than $100,000,000 will be paid. The commissioners have the situation well in hand. Banks are open for emergency payments and money is beginning to move in the city. As soon as rebuilding of the city is financed, either with aid of national government or by private financiers, there will be a large influx of capital and the labor supply will be drawn on heavily all over the United States. Every factory in the state will be working full capacity and all lobbing and retail trades forced to activity. Pacific coast securities will be temporarily weakened, but it will be a good time to buy. There can be no permanent setback to any part of the state.
