The morning call., 1890-12-25

holders OF interior properly to have falth In
their holdings and encourage local improve
men,S. To-day l think there is stronger
element leading in this direction throughout
California than ever before, and this winter
will see great increase IN our planting, the
value warranted in my judgment, upon the
strong market which has been building up
for our products, and as result believe
the next five years will see strong business
for the interior of the State and moro perma-
nent in character, offering Inducements for
settlement for millions of people.
There has been no time in its history when
such q mass of elements were in favor OF
real estate. which points directly to the City
of San Francisco as the pivotal point of the
Coast, and if properly nursed these. same
elements can be turned to the benefit Of every
individual holder of property.
In the reports of our savings banks, which
will be published the LIST of January, will
be found large increase OF deposits, which
comes directly from the masses, showing
the natural tendency of our people to keep
their savings, aud with this accumulation
the people turn to real estate for invest
mentS from an interest proposition, as well
as investments that are becoming more at
tractlve-ani from this class of people we
will see large increase OF purchases, which
means the bringing into the market and
passing into the hands of the people large
area of hand at present practically unoccu-
led. To the north of Golden Gate Park
and west of the Pacific Heights and in the
Richmond district several important proper
ties have changed hands during the past
season. including the purchase of Mr.. Jor-
dan at California street and First avenue,
which is now being graded, to be surveyed
in blocks and lots and placed upon the mar
ket; and at the extension of Market street
an important portion OF the San Miguel
Ranch has been recently sold by Senator
Stanford TO j. p. Mccarthy aud his
associates from Southern California. the
purchase including $50 acres, extending
from Twin Peaks TO the Almsh0use, south
To the Industrial School. Lying to the
south of Golden Gate Park and extending
from First avenue to the beach, in the sec
ton OF the city known as South Side, some
200 blocks have changed hands during the
past year. These three importaGt sections
of the city are now Oh the eve Of important
Developments and likely to pass very largely
into the hands OF the co immunity during the
next year, these transactions being brought
about by new speculative element that
has been developed during the past season.
With these speculative propositions the
commission business generally is likely to
be affected.
REAL ESTATE EXCHANGE.
A few real estate brokers are trying to
anticipate this movement by an organ iZatiOn
10 be Known as a real estate exchange as a
protection to the commission business. An
important factor in the REAL estate market
during the past year has been the increasing
nun yer OIL SuhlItI UTuS WHOSE
business Is entirely OF personal character
and trading almost entirely on their per-
Sonal acquaintances with Individual pur-
chasers.
The present system of the better houses
in the business is to invite Il customer to see
the property We express our opinion in
accord with our best Judgment. We invite
bis examination of the title and respectfully
ieer him 10 an attorney, ana in every way
let the buyer use his own judgment. and
very common expression OF mine III trading
with people has been, use your own eyes,
use your own judgment, and let your money
be tie last thing you part with" But with
the strong personal elements that are conf
ing into the business the methods of busi-
ness no doubt Will change, and although we
are quite Ill favor oil an exchange we hardly
see our way clear whereby our business
will be benefited by any such move; nor do
we see, In the present turn in affairs that
real estate has taken. where the buyers and
sellers are to receive much benefit, nor do
we believe any action can be made among
real estate brokers IN San Francisco where
by few brokers could control the business.
L firmly believe the time is ripe for invest
ments in the city of San Francisco, and do
not believe there is any mistake in buying
property at the going market prices; and,
as for investments for money, l believe real
estate is the safest avenue, and will pay the
largest returns ON the amount invested.
G. H. UMBsEN co.
The firm of G. ii. Umbsen & Co. is now
being conducted by G. Ii. Umbsen. who
will admit his brother, Henry z. Umbsen,
to partnership, on January l. 1890. under
the same name and style as heretofore.
The firm report busy year, and they are
we'll pleased with the business done.
Although the market was anything but
brisk during several months, the aggregate
for the past year, which includes about 800
sales. amounts to over s1.o0o,00O. Values
have ruled very hrm, and although UmbSen
Il Co. have large amount of home and
Eastern capital on hand 10 invest, it has been
found difficult to place it satisfactorily,
owing 10 the expectation of better prices in
the spring. Everything points to busy
time IN the near future as San Francisco
real estate as an investment is every day
rising in the estimation Of capitalists.
There are many inquiries for large
blocks Of business property, and there ap-
pears to be desire to invest in outside lands
and water lots.
During the year the firm auctioned off the
estate of James Mervyn Donahue in this
city and Sonomy County, and has transacted
considerable realty business in the interior
of the State. The firm has also held several
successful auction sales under instructions
received from the Hibernia Bank.
Henry 3. Umbsen. who manages the
house renting and collecting department.
reports that the volume of new business has
been highly satisfactory, and this line of
the firms dealings has Increased month by
month.
Altogether Messrs. Umbsen & Co. are of
the opinion that the year may be regarded
as successful, although in their opinion
everything points to better business in 1891.
CARNALLFITzHUGH- HOPKINS COMPANY.
The review of the business done by the
Carnall-Fitzhu gh- Hopkins Company of 624
Market street during the past twelve
months shows large volume of business
and large measure OF success, with many
lnp INF ran ,tc Gr..
generally recognized as one of the leading
| realty corporations OF the State, and is
| especially noted for its success in general
| business, that is, in the purchase, sale and
management OF city real estate and of
country property. 1t is only two years
| since the firm incorpOrat ted under its present
name, IN order to meet the demands of its
trade, to perfect Its organization, and to
permit that distribution of labor and re-
sponsl6llIty necessary to the effective man
agement OF large and increasing business.
| Soon after its incorporation ii organized the
| city department. the firm having heretofore
done business only in country and suburban
| lands. A brief resume of the principal
transactions Of the CarnallFItzhugh-Ho
kInS Company during 1890 will show that
while 1t is comparatively new in the general
| city and country business, it has at once
taken position that justifies the reputation
II bears with the public OF being second to
no real estate house in this city. 1t would be
details OF all transactions of this house dur
ing the past year. The following is an emu
meration OF the more important transactions
done by 1t, and does not include its large
commission business. In all the sales named
this firm has large interests and has had the ex-
elusive management and sale of the proper
ties involved. These transactions, there
fore, represent far more important trade
than if they had been done upon an agency
or commission basis. Since the beginning
OF 1890 the Carnall-FItzhugh-H Hopkins Com
pany has sold over 1000 lots in the nrighbor-
hood OF the Stanford University, the aggre-
gate sales amounting to $4,000, besides
villa and suburban sites thereabouts Early
III the year they purchased 100 lots in West
Belmont which they sold at auction. the
sales representing from $40, 600 to 81, 900
1t also purchased in the village of San Ma
teo 100 feet frontage of business property,
about hall OF which has been sold at
handsome advance. Another of the
properties bought and placed under
the management of this concern was Broad
way Terrace. Oakland, consisting of $50
lots, abOlt one-lalf of which haya bean