The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-04-05
REAL ESTATE.
What Has Been Done During the
Week in Houses and Land.
The Condition of the Money Market-Property
That Was Disposed OF by Auction-Pricss
Realized at Private Sale.

| good. The tone of confidence is well MAIN
| tained and seems growing. The pulse of
| the market beats strong and steady, but
| with not the slightest symptom of feYerish-
ness. Its beat is a healthy, wel-regulated
one. Everything goes daily to prove that
| it is in this direction that the favorite out
| let for surplus cash will lie. A good deal.
however, depends on the future course of
tie money market. While easy rates
now suggest plethora of supply,
big demand might soon cause hardening
tendency. Irrigation projects, the largely
Increasing acreage to be planted in orchards
and vineyards that promises TO followIright
| on the heels of the just granted reduction
IN fruit rates by rail. and a host Of other
bona fide reproductive land enterprises all
| over the State, all turning their eyes to this
city as the money center, will absorb quite
pile OF ready money; and while dearer
money would imply greater activity in real
estate. still with rates playing between 6
| and 6A to per cent, there are any guam
tity of operators ready to go in, who might
| positively fight little shy, if called on to
pay more for their accommodation at the
banks. As it is, we hear of loans fayorably
placed at more than one bank, besides the
HIbernla Bank, whose published rate is
per cent, at shade below published rates
| on really gilt-edged property.
Among other things it is devoutly to be
hoped that the strikes will not extend and
| existing ones be soon settled. Any dis
turbance of harmonious relations between
| labor and capital cannot but be reflected in
| other business branches. Savings banks,
for example, some more than others, are
made aware of their presence by the lessen
ing of deposits. In some cases the depositor
not merely ceases to pay in, but proceeds
to draw out This constitutes double
drain. Then small tradesmen, also depOsi-
tors, who rely on the prompt payment of
small bills for their continuance of de-
posits, they too are correspondingly
pinched. And while perhaps, after all,
that outside interests should consider them
selves affected is due more to sentiment
than to any foundation in fact, still it is
the case. Outside investors, too, profess
to be scared at bugaboo and make mount
aims out of moe-hills.
AS illustrating the confident tone of the
market, it will be of interest to state that
| business has already transpred in lots at
Preside Heights at the advance alluded to
last week over prices obtained in the auc-
tlon-room. For instance, one 50-vara lot
that fetched $40, 500 under the hammer, has
been resold at So, 500, an advance of 20 per
cent. And while there are two or three
cases of single lots which have changed
hands during the week at a similar adj
vance, there is one 50-yara lot, purchased
the day before the auction, that has since
been turned over at profit of 1913 per cent,
all going to show the prevailing activity.
Meantime buyers OF city property fail
quite TO come up to the sellers views, each
being so stiff as to check Immediate bust
| ness, where under similar conditions,
fortnight or so ago, little mutual give and
| take would have been easily brought about
! The buyer imagines the top Of the market
has been reached for the present and the
| seller begs to differ One wont give and
the other wont take 81 less, and SO the
| matter stands.
SALES BY PUBLIC AUCTION.
at their auction sale last Tuesday, which
included mixed catalogue of city property,
Easton u Eldridgo disposed of the south
west corner of Oak and Pierce streets, I'M
| improved, 5Ox106:3, for S6475; house on
north side of UFarrell street, no feet west
| OF Hyde, on a lot 276x1I2:6, fetched
| 81, 100; building lot 25X137:6 and S7:6
| from Scott, on south side of Suffer, uninl-
| proved, sold for $1,000; two Liberty Heights
lots, 25Xl14, fronting on Liberty street. 115
| feet west OF Sanchez, brought $50 each: a
| triangular lot 167 feet ON Serpentine road
| rs feet on Saturn street, and 100 feet across
at BACK, sold Tor $500; three lots, vacant. on
| HalSht aud Baker streets, northeast corner
| were knocked down at a price subject to
| owners approval; the corner 40XII9 sold
| for $1,000; the adjoining one on Baker street.
u ;6Xl2l 10. for $500. and that on Haignt
| street. y :4X40, for $4,000; under like condi-
| tons of sale large L-shaped lot on northeast
| corner OF Powell and Francisco streets,
| 6S :1019i o and 10. with frame build
lngs renting at $40, sold for SO, 500; two
Buena Vista lots, each 25x100. fronting on
Park avenue, fetched $1075 piece.
The same firm offer on Tuesday next 100
choice home lots, under instructions from
Adnlph Sutro, fronting Seventeenth.
uranus and Minerva streets. Corbett road.
Park lane and olympus streets, being part
of the Park Lane Tract.
McAfee, Baldwin 81 Hammond will offer
on the 18th inst. forty-seven business and
residence lots at the terminus of the Ferries
| and Cliff House road, facing the park
PRIVATE SALES OF CITY PROPERTY.
Robert Z. Mercer reports having this
week completed the sale at lot 50 :6x275 on
Eighth street. near Harrison, for So, 600, to
the Consumers Ice Company, who are now
erecting large premises; also, lot ON Howard
street, near Eighth, 56x100. at price slight
ly under $40, 0c0; also, lot on Ellis street,
between Polk and Van Ness avenue, 60x12O.
to street at rear. for $4,000; a piece on st.
MaryS place, near California street, for
$4,000; also, piece on Kearny street, near
Broadway, for $3.50; besides other smaller
transactions at sums from 5000 to $780,
The Syndicate Investment Company have
placed ferty-hve of their lots during the
past week at from 800 to $3.50, on the in.
stallment plan, the order for the extern sion
OF HoTard-street cable road having now
passed materially assisting sales.
Cohn & Jacobs have sold a lot on the
southwest corner of Sheridan and Page
streets, 50xl10 for 5000; also new house
on the north side of Page and east of Cole
streets, for $780, with another house on
Vallejo street, between Van Ness avenue
and Franklin street. placed at $3.50; also
three lots in Gift Map for $500.
y Farrell u Lang report a good inquiry
and pave sold during the week as follows:
FIfty-yara lot, northeast corner of CLAW
and Laurel streets, $11,500
Lot 25x157 IS on easterly line of Laurel
street, between Washington and Clay,
$500.
Lot 75xlO6:S, on the westerly line of
Schrader street, between Grove and Fulton,
S7250.
Lot 50x160. on the westerly line of Fol-
som street. near Precita avenue, S30O0
Lot 81 :3X100, on the northeast corner of
Greenwich and Buchanan streets, $500.
1886 U Farrell street, house of eight rooms
and bath, $500.
This firm has also closed the sale of four
teen lots on Ashbury Heights at $4,000
to builder, who will erect eight, nine and
ten room residences for sale ON easy pay
ments.
The Carnall-Fitzhugh-H Hopkins Company
sold during the week: y :6x137 :6, on south
side of Post street, between Leavenworth
and Hyde, two-story residence, fronting o n
Post, one two-story house in rear, for
$4,000. from Anton Deiss to Jean Colgan;
lot 54x10O. on south side of Seventeenth
street, I'D feet west of Valencia, for $1,000,
from L. A. Z. Dorland TO Mission Parlor,
n. 5. G. W.. who will probably erect
nice hall; 60x100, 2 lots, 3Gx1OO each, on
California avenue, near Mission street,
price $3.50 each.
The same company have purchased
Block 762, south of the park, be-
tween j and K streets and Seventh and
Eighth avenues, which they will grade and
macadamize the streets. They have subdi-
vided the block and have already sold thir-
teen lots on Seventh avenue and J street
for $1,000 each. The block is situated one
block south of the Olympic Club grounds.
Hoyt IL Arnold have made, besides others
during the week, five sales of improved city
property, aggregating $4,000, their trans
actions in unimproyed reaching about S15,4