The morning call., 1890-11-23
REAL ESTATE
INTELLIGENCE.
A Review of the Market for the
Past Year by John c. Green.
Finances and Labor Discussed-A Great Field
for Investment-Lady spsculators-Latest
Reported Sales-Notes.

Mr.. John c. Green, the California street
real estate broker, has been watching the
progress of events in realty circles for some
time past, and the following review of the
market and its incidents will be read with
interest:
with the approaching end of the year
1890, one is inclined to make a retrospect
with reference to the general character of
the real estate business for the past year in
order to form some idea as to the business
for the coming season. Real estate matters
generally have not been in a very clear con-
dtiOu during the past year, and no particu-
lar section Of the State or county nor any
special line of propositions have had the
call. am inclined to the opinion that the
most marked feature that has been de-
VelOped during the past season is the fact
that new element of purchasers, or rather
a new line of capital, has developed with
reference to investments in the city of San
Francisco. An important purchaser during
the past year has been Senator James
G. Fair, who has not been a large
holder of property up to this pres
ent time, changing his investments
from other lines, tuning toward city prop
erty and taking up large part of his in
yeStment in what was very quiet section
of the city. north and east. Quite a number
Of residence locations have been purchased
during the year by wealthy people from the
Undergraduates and successful farmers
WHO are gradually turning toward the city
as the Eost attractive point for their final
investments. Among the most important
families who have made the change are
those Of Mr.. n. ID. Rideout of Marysville,
Mr.. Jewett OF the same section of the cou n
LII, H. .f rafn hfr IIalI
man of Los Angeles, and number Of other
families equally as well known. There has
also been strong undercurrent OF new
corners from the other side OF the continent,
who are attracted to San Francisco from an
investment standpoint, if they only remain
here long enough TO take in the situation.
The recent purchase OF Mr.. Jordan OF
jordan, Marsh d Co., of Boston, and the i'm
porlant purchase OF strong syndicate from
Omaha are most significant facts that San
Francisco will make up TO strangers, par
ticularly those accustomed TO larger transac-
tons in financial affairs. In many instances,
in my travels up and down the Coast, from
Sau Diego TO tie most extreme North, to
Tacoma and Seattle, l have heard adverse
criticisms from time to time concerning San
Francisco, such criticisms being made by
people who have not even visited San Fran
cisco, simply being prejudleed upon heresay.
/ have met many OF the same people alter
their visit 10 San Francisco and find their
ideas very much modified.
The transactions during the past year
have been irregular and unsteady and some
what spasmodic, owing directly to the fact
of the difference of opinions, with reference
TO values, existing between the holders Of
property and intending buyers. Several
times during the past year it has seemed I'M
minent that. a marked reduction would have
to be made in property in order to facilitate
sales. Everything indicates now, however,
that buyers will have to modify their ideas
in other words, they will have to raise
their ideas Of prices to meet the sellers
views.
1t is remarkable, notwithstanding the
financial crisis throughout almost the entire
world during the past thirty days, that money
matters should rest so quietly in our city,
but tho real fact is, to use a common ex-
preston. the community is full of money
The price OF labor with great demand) has
been maintained. There has never been so
much building in the City of San Francisco
IS during tie past season and our people
generally save their earnings and