The morning call., 1890-08-01
MAGEE'S CIRCULAR.
Report on the Condition of the
Real Estate Market.
The Number Of Sales and the Amount Paid
for Property-Real Estate and the Debt
Upon it-A Tall Building.

Real estate was exceedingly dull last month.
Only 556 sales were recorded, OF the value OF
81 see, 454, against go sales in June, aggregat-
ing S446o,l34. The sales In July, 1889,
amounted TO 495 in number, sand TO S2.O60,G56
IN value. There was notable scarcity OF large
sales of every kind, either Of business or resi-
dence property. Two-thirds, if not thTee-fourths,
OF The deeds recorded last month were to outside
Western and Mission lots, ranging from $500 TO
$1,000. The average number of sales was there
by kept up, while the average total value Of the
sales fell much behind The faintest evidence Of
dullness Ia real estate at once causes the major
ity of buyers to hold back in the hope that, by
fall in prices, they may secure cheaper purchas-
es.: Rlenty Of buyers are now thus holding back,
not nearyso much In the belief as in the hope OF
a fall. We note considerable inquiry for lots on
';the North Beach water front for warehouses aud
fact0ries, :6otlf :On the. part of lessees and
buyers. South san; francisco lots Lave great
lily advanced IN prices since tie horse
car branches .fEOm TweDtyfounh street and
j Qtre ro' avenue have been running out along the
:: san ;BEuno road neary=t0 the county line in the
case of: one .bianch and along tile san Bruno
road and down ;Fifteenth' avenue to Railroad
!; ayeGiein:the other.:.. The P0lrero is also look
Ing npvegy much: Prices there have advanced
$50 to:6 O:per. cent Mltnin sixteen: TO eighteen
nionlhs. Tie Completion; Of The. Coast line to
i Los Angeles aSDeen.occupylng the attention OF
tile SOutGern; Pac(hc DIRECTORS. When tits at
;tendedrp,stlie building OF tlieShore line TO the
:SryehtePf-lnile House Will engage their atte r.
.tion ii; eDundlug utAtliis road cannot now, we
think, mueni0ngeE be delayed. II Is unaccOunt:
:ableWhy II has not been completed DelOrea An.
ez Fa englpe IS used ior every oldl43tS lielshz
;and:heiyy seqger- rain going Soulh Detween
;heIe and san :HfUfO because: vi steep grades.
;THS expense aud The SOWerln made ana the
greg T.: Wear: and lear on eQEine$i w0ud alone
t:pI66ably GSiify. file :chage, If The road ran
.ialQlg the sGQLe: 1tne factories would grow UP
There, AMI there BY s4eaEy increase :lle business
-UETle roads !. Il 49,; -
~. !: = FOUR CfFY SAY INGss BANfs )
Report for Il lie! past half year = an Increase
of +53I6 in ghe .iiulppef of deFositofs> aud:
Si36I,935i n, tGe=;am6Jllt of tht4 DEPOSITS
awltfIn&slN mQnt{S..r Ehfs.:lS "a Ee!nalkaple i+
crease. For IFS tstze; san; l{aHc{scO ls:lGwlhe,
ICGeSt city OF Ihe Gn1Dn' hi Savings bark eee-
pests T. If ou POI tla on IS .}Q, QO9;9ul. savings.
baQEs Fave 500 GlLleppsl IOr every map: N9-
han ard en- Id III: the ely And II lnust be re-
mtnbeled thAt rnelr. t0Iat deposits. Oh Eighty
tliite HnlliUns are mostly owned by: people;oit
siiI3l means Observation-Disclosures our. savings
blink deP0sr0rS are Single WUinen,*: who are;
COUks on house sel:Yants IN families :,Nope ol
them SO Z liQlltA tileN "a! saw money
:ald Rave lE ~ il silGed : algly aniong say lngs
blink degqs1tofs: 4 nreclian1R :tlefeteTe, who:
'SeeQ!esO0eOt these glt[s l0I a:W!s DOES peter;
ii: "a Zee unitry isehse tad. II : be married sewing
or slfnP .Gli4s; Tie: attef are neaFly 5alE laid
poorer Wages, they hdye tQd(esS better. 100. :4nQ
:l6I lhtSt:UWO; ieaSGnS caguO sdyenI9Eey. TREY
EE1It uUdeI:tHe ddGiI6at draw back, as a. tfie7
OF RuUWuig .lrlJIe ahQNt cOUkiug+OE. heAsewoi K:
=Wlyes 81 .meli ol%sTir:ll lnelt(s.: fllfee ot our
laaieSc sGyIuirs ban -. hlYc .deU0Slts Qt over.
.S2use9O;ei THE laFgest lie II lpe ma has
.G4 lila LII years lt:ila4 Iei}iSh1 To- accept more
T.: rliAn $1,000 IA 1l airy one AetOSitOr.
.IeEAI IsIA ~ AID TuE.IfBT.yTQN.fT I'll
:t.1de Whole Ul:thG fedEeSI ares Wti the Impulses
a95#l:ullillss e rejn II r7 d.: COUNTY Of:
Is n.isJduelsc0s:I e itl eST: a SEES Sed at S:,
y OBS; 1Ae: staJGliJttd; Of Elu4liZal0n last
ear assert lhdtguE tdl estate Is. assessed al
value, II TINS GsCl-
uatf IS tcJepted, the Faud and buildings OF this
clIy ana county are worth $3.50, OUO,OuO. Ihe
total value OF AL mortgages oil every KIND and
nature due 10 SAVINGS bahAs anu private parties
on lie real estate OF this CT and county. as
shown by the Assessors report, IS only sJS,5ll,-
JSI, so that, compared win the total FdIue OF
the city, The total debt QUE on II all bears tie
proportion u but one dollar IN niue. That Is TO
say pirt-l.ltii Ct our real estate would pay the
logaI deti due on II all. This shows that zeal es-
tate Is Ia a very conservative ana safe position,
especially Wien lie Tact IS remembered That the
cuy tseli is practically out Of debt.
NOTHING 9.ApE BY CHEATING OR ERGBING.
We have sometimes heard property owners re-
tan with great glee The lodges they had prac-
UcCd on Assessors, by which ihey ESCAPED with
much tighter taxes Than they were entitled 10
pay. Ia the end, however, These people cheat
themselves. II Is lmlossihe TO have light taxa
ton unless al property Justly suhlec 10 taxes
pays It's snare. man may cheat or btlbe an
Assessor this year, and thus save little, but il
VIII be his turn 10 catch II aud somebody elSes 10
play bis game next year OF Tie year after.
Whereas, II all pad Justly, and the work OF The
:. = ssessof we're performed win even iaif ap-
ptQacH 70 tqu5lty, axes, wguid be equal and
been,: eygi: 70 those wig cleaE or Dl11e::2R
"a sseSsQt ionesty isthe:best. an indl-
{iut3l cases; III l17is:as mail pl{ matters.
9; : fsrGi:K y 4IIisc ~! sAN bEeTEo GCUNEY. j
TIE pnTtlfage .qt ii 400 acEes Of land neaT
Tile bay at Tile 5 ytlleeB:nle House, IN san Ma
fo!GNIniI, - a r0taNc syHIil iQr tle FuUlfcUf
(tISJll5. Ail0aft sfHe:l an lll@ns are 1ntGf-
esteGttey5 FAYE :f1 Gt.llte esA ln:t4e
: ! JtCr.. HE bNAcEs Of .j4e GTNlaIEesC ineat-
EaC4I W. III Ses 5ht lie ;EEteU N!ltGs are t,the
eaiIi III ie SCI GI - ullels1ole, ceftallftO
be spGcess:jiu tol Is ILL ln a IeollGt lUn fn.tlie
hilce.Gf meal ii lissCAY:: AleaC Is flgheT in SAN
Elasile SEQ tndH 10 l0AfOn, aftQong!f tie' LQnG0p
Z tdE d s kustrall ,l (ie east COAST .et S0Qkh:
AdetlGi G5t3l:lu: 4 Stale WITH pdrtUre lands
liz il6ses61 Gait }la sud HE alj llil1s STATES:
~ DacEqilsaHG NfT%f!! SRoN!l ne, Gleap as i4
ay SF4lf;q{ the tl5l, and Would Ge;Tto0, but
+ Ion elly; old tlne. methods qi hduuH1E tie
IuSJgcss tlltoid liie y steU0i q L neglect
intj.il640ia aud Ne taCtd: aid we. slkIp0se it,
wu{td be ,tte %aletO say tlaC cattle aud flEolses
de1 Of SEtl{dfijn. One 'o~neg " 4p= MGu6c:
tJQnly Told. !. US ! a few days ago tl,at
he .;s ME lost: @S7g, 600 W0Jth:; All: Qft THIS
! Toss Mats3rGl only 4 NhUieaale specAntA Of out.
rage 6s:ih llilIdity hut vas; gu re as Nhihsll2
le III AN eCpluqi,lcu spQnt5of@ View. :. = q 'pft--
yr> ION HJateger Isl irade 1dE a lfarst y inter. In
clyeFs III tl'; aid tti etGTe. tile dnlnilt IS must
! SIMPLY $t1ei ii H9uld lot he diIc1fIt Qr very
cos l9 10 pf o. lqe S9lle SOLE Ok letq
~ 1heln"l seas0uS QL ile3l VI nll v Ltl Lidl "
lIke .r!SE Qffae he CALI ieEe LEFT o. run "a tice
J. vi The seas0nf ana eley> NY TO- seven years
Qaes IalQ a. OF 41ifii,d ie offs II Is;to be
Business ol :1lIsls: Caast VIII :lntfodnee: new
,inetllDds. : = !. e ::':.f III ::
= "A TALL. bUfkDi&6 .AHSIcTTs: Eff Ee:rs-
d o.. lNirFis5 Proposes TO build a;iWelye:story
h1ldlug on tis lot IN te lortlIea / ,eQln er:gqf
/ AIuatg0iTeiy: and Rusl. stfeets, y 37:G feet on
eeacir istleel, with eAga fot n3nOJtli 0n'MQnf
s0IuerN stFeeh: 24NI9t 10: rear N e ffolig
Mf# Mills uOeSnGt llEietd to.!bHlld ;spcl:T very
thfSti bull i1 Fl ;dueS: hewill gfeatly:daE8 en-
tiG$A EGulG prUre8 u aud Ihe:eb5: tlufe iris !
heEEGQES. esetecl+on q amy bnlhlig ip:a
height Of over six stpfGs sliOltld bepfoliGlted: ::
z.>:: II: :.I:QIAT IoI$Os AYESIE:: 80:
{ The:improy eptuts;on: Point. L0bQsayenue are :
neaiin enlllH if0H: Ege gtale: has 9een 4: raised
In pacesaen rQt~tfyefeeT: She |iil nelfl' ffst
-ayeIiQel Is being: e NJ dQMQ ileYng the aiirdslGe
to: d%IfelioMSi Cemetery SwaY ap0ye3. gr9de..
1le;ro8ds hasnOt'be enAnsnclf good Condition for.
; DyanijlS9tBle IL IS a pleasure to.dFiyesOli:ft
now. se street Tsjssweredi. nd: Officer AIDES
HAVE Deems establis4Gd. .iPnlIt E0bQS, ayenle
being ssT0n: Street lnIeiitt4l, ana being
tte da y6ten stieet tfoin Ma Ct IL ny
~. /: Z KEP IEEs i5N;r ATIyR .sfGEs.::. +:
:: Tie flr6petly eastslde: Of MpglE0mery: street.
17::G u0Et0 Bus d. y &70 :fir;s ZEE FOL II W..
gls: bceli= dtQ: ~ q fit$ .f9r:s8 oQQ NJ T.
Mil1soWns tle5hf yvaEq adI6iniIg. dlItlle, SOUTH
and: felhRig: tlle lofIAeaSL: corner OIL Busliand+
MDhtgGiltfy! III is febGrted !tlrat: ne Is p bQut:tQ
birds a tW story Seiy: l1le hqildlns 'opPGtn.
lots. Il = !, ~ .:
Tire .proieltys. od The 10fiG sldeEPosr street.
j 513 west Z II Yfelstei; 2 {sEx 7G in sGze has
Deeq sdld.I0r $3.50 iI9Lce trl MD egu, SID, !:
= lie oldiiine iSa7it Bi aLtian; building ana Hot,
}noitheast corner M0nigoilerSi aid SacfaiHeItlo.
stiteiS. has bel ,sOli for $ IU3i50O IL was lirst
sold for HOO GEO hut the $etltr eIusedlo itily
: life iii lir3fnee CHM baly! The; old building Will
beiioII.dQwn and a hue, niqdeEn, new 1ne: ereetef