Never were the services of the city needed so much as now. There are no financial disturbances; money is easy, but more will be required soon; claims are not pressed in the courts. Any San Francisco bonds thrown upon the market are quickly taken by local capitalists. Customs receipts are larger than ever before, and there is no shrinkage at the clearing house. Land values remain much the same; in some quarters land has depreciated, in other places it has increased in price; buyers stand ready to take advantage of forced sales.
Labor is scarce in both city and country; wages are high and advancing. Five times the present number of mechanics can find profitable employment in the city, and it will be so for years to come, as there is much to be done.
With the advance of the labor wage and of lumber, rents are advanced. Mills and factories are running at their full capacity.
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