The morning call., 1890-11-14
REAL ESTATE.
A Large Investment Made by an
Eastern Capitalist.
The neutrality-suspicious. Company the
Agent-James c. Jordan Of Boston the
PurchassS--Auction Sale.

The Carnall-Fitzhugh HOPKINS Company
has recently been identified with some heavy
realty transactions, but the sale consum-
mated yesterday Is one of the largest which
has been brought about i'll the history of the
city, the credit of which being mainly due
to the good management of n. C. Carnall
and E. w. Hopkins of the above company.
Dir. James C. Jordan of Jordan, Marsh Il
Co.. the mammoth dry-goods merchants of
Boston, has been in the city for some time
past, quartered at the Palace Hotel. After
looking into the various locations in and
about the city, with view to making in
vestments in real estate on large scale. he
has come to the conclusion shat San
Francisco is destined to become a
very large place, and in support
of his faith in her future greatness has, to
commence with, invested close upon $780,
600 in a block of about fifty-two acres on
what will shortly be the line of the Post
steeet cable extension. which will cut the
tract in two. The land is bounded by
Point Iobos and First avenues, California
and Williamson streets, and was purchased
from the Laurel Hill Cemetery Association,
Thomas B. Valentine, Point Lobos Improve
ment Association and w. h. Brown OF the
Southern Pacific Company. improvements
will be proceeded with at once, and
it is estimated that S25o,O0o more
will be required to put the
tract in perfect shape for building pur-
poses. Eastern methods will be adopted in
connection with all the improvements, and
no expense will be spared to make every lot
desirable for home.
1t is expected that the subdivision will be
put upon the market in about ninety days.
1.-The purchaser" said MI Hopkins to the
CALLS real estate representative, wishes
II fla-n that "a :
an Eastern citizen, but that he has come to
make his home in what he considers the
most desirable residence city In the world.
The Carnall- EitZhugh- Hopkins Company,
which Will handle the subdivision. has al
ready advertised for bids for the stone pay
ing of the entire block, which is enterprise
to be commended.
There is a significance connected with
this sale, and the large purchases by Sena-
tor Fair. formerly reported in The CALL,
which should be food for thought Oh the
part OF sumo of our home millionaires.
SALES REPORTED.
l.. 0esterrecher reports the sale of two
fats on Minna street, near Tenth, to Daniel
Leary for $3.50; two fats on Powell street,
near Clay to F. II. Woods; two flats on
Diamond street. near n .neteenth, for 1920;
a cottage on Baker street, near Sutter, 10
John Hollywood; an old frame building on
Tehama street, near Third, to LenoTmaDd
Bros. for $500; lot on Rutledse street, %
foot unat of GstifOrsis e-s=.'.of q r"rICt "a
Santa Clara County, and two large sales OF
business property. lie also reports good
demand Tor country property.
In another column Will be found an offer
ing by Mr. OeSterreicher of 369 acres of fine
land adjoining the city of HOLSTER, San Be
nitO County, which must be sold at sacri-
fee
PROPERTY AT AUCTION.
The auction sale OF miscellaneous city
realty yesterday by Won Rhein Il Co., prin-
cIpally probate property, was not I'D to eX-
peciation, and it is questionable if more
than one or two of the pieces sold will be
confirmed by the Court. Two lots in Precita
Valley, each 60x300, were knocked down
for Sl750; Nos. 273 to go Gift Map No.
3, $1,000; Brannan street build
ing lot 25x1OO, $50; the north
east corner OF Athens street and Russia
avenue, 15OxlOO $500; d large Folsom
business corner, 95X90, S12,300; a Natoma-
street tenement, 25xS0, 5000 Following
are pieces which were sold subject to APP
proyal: Corner of Twentieth and Treat
avenue. 25xl1O, $685., and a Clay-Street
home, 2Sx122, $1,000.
The Directors of the San Francisco Real
Estate Exchange were in session at late
hour last evening receiving the report of the
Committee on Rules for the government of
the exchange.
BUILDERS CONTRACTS.
+. Grass with E. c. Wordea. to build on
west line OF Valencia street, 10T feet north
of Twenty-f0urth, $4,000.