The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-01
REAL ESTATE.
Gain in the City's Wealth and
Review of the Market.
A Weu-Informed Agent Shows That San Fran.
cisco is Making Rapid Progress-A
Big Purchase-Sales.

I One of the best informed agents In the
city ON realty and financial matters, doing
business on Montgomery street, handed the
following statement to THE CALLS real
estate representative for publication. on the
understanding that his name should not be
used in connection Herewith.
The report has been prepared with great
deal of thought and should prove of interest
to all people who have the city's welfare at
heart, and invaluable to every real estate
agent:
The market Is both quiet and lively
quiet in small lots and in general way,
while the demand for good inside business
property continues undated. The demand
far exceeds the supply in that class of prop
erty, and if holders would only make slight
concessions a large volume of business
would be done in short order. While the
whole business world seems financially en-
barrassed San Francisco alone remains I'M
disturbed. At the close of the eleventh
month of the year it is well to look over the
books and see what gain il any we have
made. Appended are a few figures:
The saw ings banks for the first six
months OF the present year, with the
hardest winter ever known, in
creased their deposits in round num-
Estimating the last fve months at w
the same, very conservative esti-
mate. ACKNOWLEDGEMENTS. 10o00,000 90
Total .........................$ 500 900, 900 90
Recorders office for the eleven
months ending November 25th
Add to this Is per cent for WORK ~
done privately, repairs. etc, and
again any who is familiar with
improvements Will say the esti-
mate Is TOO low........--............ 25lz,so4 w
Total. .564 ,019 90
and we have grand total ot....... $31 ,5640l9 90
The mortgages dur
ing the same time - -
amount 10 -.......- Si4,dS5'S0S w
And the releases S,S67,O0S 90
A gain in mortgages
of...................... $5,5l6,794 90
Deduct gain in mortgages from
amount of gain above noted. ...... 5,5l6.I94 90
And ind a gain In wealth of $26 .047 225 90
The census reports give the city popula-
ton OF 100000 in round numbers. Taking
this basis we find that were the gain in
wealth equally distributed among the in
ha bltants every man. woman and child in
the city would be nearly $50 better off than
they were on January LIST last.
From the foregoing it can be seen at a
glance that while we are not having any
booms, we are very prosperous, aud the
croaker who tells you that we are nearing
crash and realty will drop 80 per cent IS
building his hopes on a very fiimsy founda-
ten, for realty is after all the true and only
basis for security or investment.
A BIG PURCHASE.
G. w. Hopkins of the Carnall- Fitzhugh-
Hopkins Company, lett on Saturday for
Shasta County, for the purpose of
closing a purchase of S6l4 acres in what
is known as the Barry property, which
is said to be a fertile tract suitable for
the cultivation of fruits aud general farming
crops.
This property was purchased about a year
ago by the Southern Pacific Company, but
on account of the sudden death of the owner
the deed could not be given to the railroad
company. and was of course thrown into the
| Probate Court. The amount to be paid for
the property is $4,000, aud it is expected
that subdivision of it will be made at once
and placed upon the market.
An interesting sale of good property of a
miscellaneous character will be conducted
by Easton & Eldridge at o'clock this after
noon in the firms Office
O'Farrell & Lang will sell handsome
nine-room residence at auction on the pre-
misses, 3017 Washington street, this day
week at noon. The lot on which the house is
built is 25x137
The Carnall- Fitzhugh- Hopkins Co. sold
the entire Block b in Broadway terrace,
Oakland, for the sum of 5000: also 50x1O0
feet on the north side Of A street in this
city. between Eighteenth and Nineteenth,
owned by p. Rodgers and purchased by E.
Elfendahl for $1,000 as a residence site.