, 1870-10-23
REAL. ESTATE,
The Decine Of Values Of Property in
san Francisco-Compari-
son with Chicago.
The Increase of Stores and Of
fices in this City.
The Real Estate Mark ke1-.TruIa..
(crS for the Week.

The Alta Cuittsrnfo, In ftE Issues Of October II
and u, acknowledges the "pndttve decline IN
the yalne OF real psnper1y n san Francisco. and
the reduction OF IenA made necessary By r. This
Is. OF co9Fse, not 5 sudden seppsution-zs such
changes never occur Eudden3y-buk It has been
maturing for the LAST eighteen month"; II has
been evident to every oeserraot Visitor In Ca1tor-
MIA that San Francisco was TOO large city TO be
supported by the present Agriculture aad m1o1ag
population Of The Pacific coast, and mat therE
must soon CONS q time when II wo1id, It least,
a Er1e cid cotue, The value Of real estlGs would
tttt1lne.
Under ordinary circumstances there iyao co.,
necu0p between the value Of reat es1A14'.1 the
different cites OF The Cntted States; on The con-
tr1ry. thelr interests frequently antagcnistc,
and rapid advance IN values IN One city may
city. and. as general rule, comparisons pEthe
Progress Of prices OF real estate IN the different
cities are o. no vai7e. except1o show whether ne
therefore, local; OF whether II Is due 10 the gen
eral prosperity Of the country. The aecilce
@ n saa saa,es s sr1e aas as no s1y snasy s
with values In other cties bat soma Of the causct
which brought It aoout aee worthy Of considers.
simulated by The faeiltty with which money
could be borrowed on real estate security. Think
Of atly only about half as large A. Chicago having
thirty mtli0ns OF dola1s Of deposits 10 iii savings
banks. ana all this loaned cut on real es:ate at
from 10 10 u per cent Fer annnm! This euur-
nous mo-, anoans OF % money. gteates tnan Tie aSgre1
gaze o. a. 1ne Uaak capNM anu All
tne aeposlls of every Elhd ID Cmca2n, nearly
t4u4i 70 dys PIT cent OF all The paper cuneacy II
The Lnlted Ssates. waa ntst concentt7setl 10 The
to ErecnatoIs In reat estate by the charters OF the
SAVINGS banHa, *hlch sAinated that taer money
should 0e loaned O11y un real estate security. As
long ns the speculation WIS bnoJant, and p:1ces
were Using, the botroxer| did not feel the pres
sure o. 1nc "nt as soon as lhe safes began
be shifted from one holder 10 another, the weight
q me interest oceao 10 ctnsh the hokiefs; they
e turn bsSan to force theif pF'nefty upon the
market. the bubble Of sreculauon collapsed. a1d
prices oesau 10 sette eaek 70 ieSanmxee pass,
ADse1ned ~ the otslheas o! me CITY. ana the
'eT,a wdicn ts 'aanss ,s msn stu.u Snotu - pay.
clai Eltles, rtoPoruonate IN stze 70 the sur
iouaunE e9nnuJ popoia.ien, ,ust = lnuea as
thsrE ,t = '2I tqe concentration o. tns pashes Of
tne etas HsetI 10 ~ e1enaage ~nete me mer-
q !ae sqrrounaine soantfy tor ii s'a.is q
ronn eonntata taas 9nI II ,,nns Tnsn M,n 1 sas
Mtheohsn.. elc;; G " oset ioas m.sns o. people.
,assto ,rn s.n Frnctact h 'e5
than 45o,oO people IN lie county Whose trade il
~ ~ ~, tr,, nu1 ~ u Ine Maoe cen.
Ennrten. anil in xie n5 ,hts nroa,,a ~ trnh, IN
to e. V 0 ~enh "a Tastl5 r. more here than there But
s u ~ ~ taeas y ~ sacn means ni over
.:..,"ns I ~ Ss Fanc,.e, S,a nsss ~ - a sue
f,s.,s - ..ts ,,@n 1oSas.., Wy SAt
,hss ,h ,os, o sau ' 'e ,n a iars arr ~
,nsi nri,shi -. ~, @ ~ ~ aun a.G 10.
tts ~ i ~ 'atHS H. runas @ ~. .ue syeG9!auons
-. .!Sss uiHt ~ Ky isa' +aIS.e Msea - tne
s uSaA ~ t.t & anu @ .a.s - Uas IeasS1' aAu.
' ms"ai%, sus ~, VIZ, Why aasEs ~ nanAs aase
.E u, s.t any p.uEaess IL CMicago- lne r.
e1t suas ,, tasSSt y! tne nenpe ot
wv ~. ~ huhsss w assF sMts ~ Lnah IN hay
n.aS! M .s ia.Hs et3 III tns NoIl. Mnt!e tne aecMne
T. T. tns saE VI ~! u ~ cry ~
S4u EtsuCiscU. - ,uausI VI RcneIAt hstseSI ~
s son1eciion WIN lfal ssta.e ARD aaue. We t9lnk
~ me ~ " naf9 insn i NV sho" saa. ~ Sn.,
caEr tne sNoatkn = airecty tne reverse lrom
san tanc!sso, anA taal p'7ees ncse are On com
FalatlSely aouuo DaAA
TIE isCHkAst OF STORES AND oFElcks.
Their have been great many new stores hult
ms GUNNER. Man5 oI them 1te on the SIZES OF
oil ones lha: we're torn down, but large number /
have been aalis on property mat ~! previously
teen used tor n Adehce pufloses aud the ARIA Of
asailat.se buslaess nEppcsts n sns CITY has been
Immensely increased. II auultlon 70 tue 1o!li-
~ I,os; the thrss EEcs, hote!s nov beng
-. !. E.t.1 M, ~ ~ Io, aan