The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-01-27
n UNISON NOW.
Real Estate Hen Enter on an Har-
monious Career.
They Open the New Exchange AuspielOuSiy'
President Bovee's Speech The First
Auction-Notes.

President w. II. Bovee Of the prominent
:rsal estate firm of Bovee, Toy 4 Co,
formally opened the San Francisco Real Es-
tate Exchange at noon yesterday IN the
presence Of about 800 persons.
The spacious hall was crowded at the
hour appointed for the Inauguration OF the
exchange, which. to all appearances was
auspicious. Among those present Weie
several ladies and e. W. keeler, MT w Ell
man nf NVerlman. Peek 4 Co. MI. 10y W
II Grim. Herman Shainwat aud H. =
N7nntar. Il. p. Hammond Jr., John Carroll
y & Caruau. 0. c. Wheeler, Mr.. Barker
NJ O'Farlell X Lang, Attorney Smith ool
G4lz of the Carnau-FIlzhuGh-ho hopkins
COMPANY, Mr.. Burke. ?. ~ DoLan, eX-keS-
isirar Walsh, Adolph Sutro, A. +. behJa-
miu, II. NJ Woollry, George W. FietcheF ol
The southern Pacific. Lloyd lewis, H. T.
Yyillyer, Thomas Magee, W. H. boVee'
President; \. ). Baldwin. Nlce-Preslueht
G. II. Umbs-n, Secretary, E. W. Townsend,
General Manager; Joseph Cuneo, Judge
Thornton, l. Strassburser, MeSsrS. VIII T.
Fisher, lewis, Buekbee, Mertens, OFaITeh'
Newuall. Dr.. Salfeld, 0. d. Baldwin
William NJ Bunker aud MI Carr OF W llSoh
K Carr,
William Butterheld, who acted as auction
eer. introduced President B0vee in an ap-
prypria,e and hatter ing way, which created
applause for the venerable gentleman who
has been honored by his confreres with the
presidency Of the new exchange.
aThe following, which will be read with
interest and pr5nt by city landowners and
all persons Interested in san Francisco, was
then delivered by Mr.. BoYee;
THE OPENING ADDRESS.
Gentlemen aud Members II the san Francisco
Real LStute EJchGRgt: ms being our lhltlal
sale aud formal opening OF our rooms, deem II
proper IS President OF tie san Francisco Real
E>tate Exchange 10 briefly announce the OBJECT
and purpose Of THIS organization.
il Is al admitted fact tuAt real estate, II It's
- diversified sgulncalionsr constitutes the con-
crete basis Of al real wealth. Inc rapidly IL
lgiliu6em-nts Tor tie investment OF capt
tsI the maLultude already reached iu Ieal-esiale
transactions, Which 10 tie past year exceeded
. Ire SUN pi s''lt ..tlu' uu' cll1 P'oiHLtCu tLe
Naucuja. Ilu ui tAI> exchange but rendered Such
IA organization 4 business necessity. We conn
ae4uy believe tuat We have established ms eA-
change upon a basis taat shall Win the cOuh-
4euTe OF Tie community, tlat Will create ana AN
lu.-s duG regu atoms and shall COutrUl all Orer-
a. 0u> Il rsI. estate. not only between brokers
themselves. laI among buyers sellers aud
boxers. SO that it SHAH De an ample guarantee
- vi uulplalle dealing To al seeking Investments
Htl any VI Us members.
sALI ~ AUCTION.
Ssit bT suction having become an establishe
o. Q- disposal u frt. estate In TINS cumnu'
T. Auction business can be concentrated 10 be 4
E.eC->-i,y Lave. alter Gle consideration, secured
tl.> la.., and We aIe -uH about 10 dedicate i 10
tl= purposes INTENDED.
X caauu. be expected mat cur exchange can
81 once assume .he plane OF perfection 10 us Or
l4.lLailua, but founded as IL Is upon The broad
IIllCiues Of fraternity and fair dealiug as
business progresses and emergencies aIlso we
must Trust 10 be able 10 remedy detects and sup
I.y such tt EQUATIONS aud rules IS VIII cJnuuce 10
Is tcst interests au4 meet lie desires aud
wishes OF all Concerned, not only among lis mem.
hers and those with whom they have dealings,
bu We noie 10 lie able 10 assist IN lnauguratng
reforms greatly needed IA matters pertaining 10
REFORMS SUGGESTED.
Among these reforms would suggest a change
ia tlr line VI paving taxes; lie deyislng aud Or
CaulL'uE OF movement 10 suppress the out
laEeuuS methods Oi parties Ia leyylng backmail
upon Titles; 10 aid aud assist our teii0w-ctiZens
10 advancing many other desirable improve
meuIs, as well as defeating obnoxious measures.
oar purpose is broader than personal interest.
" g have, AFTER mature deIibetaIlOn provided Tor
honorary membership. Parties who are large
QiopeTty-loldeIs and Interested in the prosper
i.y OF tie city may meet and discuss aud aid by
concentrated effort all general action as may
seem desirable.
The position occupied by san Francisco in The
eyes OF tue world Is now fully realized. We are
no longer problem, but a hXed TACT. Tie eX-
traOIdiuary resources of this State sufficient
OF themselves to bund up a prominent city, but
when consider tile geographical position OF
san francisco, lis magnificent bat Dor, without
rival on the Pacific Coast, backed AS it were by
The entire population of the United States, and
uu lis front by Inc millions OF population now
struggling 10 be ranked among the family OF ma
- lions. The numerous populated Islands oil the
Pacific all reaching out for trade and intercourse
gives II one OF The mOsl commanding positions IN
lie world.
I trust l may be pardoued as pioneer OF Cali
fUruta 10 reyeitiug with some feeling Of personal
pride 10 the history OF this growing ely: nave
witnessed its continual CROWN, Rom Httle VII
laEe 10 It's present proportions and | confidently
pi edict that within lie next quarter CT century
II Is destined TO become one OF the. gTea est COM
nIercid ceuteTs Of the wOIld. And would de-
sire 10 pTouder remembrance than TO be ranked
among It's founders aud architects. And now,
although vergug upon the age OF three score aud
ten, ] humbiy trust to be spared The happiness
Of Witnessing something OF lis grand nature.
Thanking you, gentlemen, for your patient at
tentOu, aud confidently relying upon your Kind
consideration and cooperation In our future re-
IdtlOns, L now declare this exchange ready TO
proceed to business.
THE FIRST UNION SALE.
The closing remarks were warmly ap-
plauded by the audience.
A. ). Baldwin Of McAfee, Baldwin &
Hammond conducted the union auction sale
that followed. He stated that the property
offered. With the exception of two pieces
which were subject to The order of the Pro-
bate Court, would be sold with limit. The
sale, be said, was not Intended as peremp-
tory one, but the limits of selling prices had
been set very low, aud consequently good in
veStnlents were within reasonable reach.
Le hlSb iOh was blbOuLc odlo VI -VApO
feet on Pine street, near kearny, offered by
w. l. Morgan IL Co. 1t was bought by
O'FaTrell IL Lang for Mr.. Seymour of the
Russ House for $500, subject to the courts
approval.
A residence at 1909 Clay street. near De-
visaderO, consisting of six rooms, ETC.. with
stable and carriage-house, on lot 102x27,
composed G. II. Umbsen 81 Co.'s part of the
sale. 1t was withdrawn at $500.
ohalnwald. Buckbee s. Co. had for sale
mort lfag 81
streets, 93:4h on Market street by 117:8 on
castro, but 1t was withdrawn at $4,000
SPECIMEN PRICES.
l. Strassburger q Co. offered a Suffer-
street residence at No. Ills, near Larkin,
containing thirteen rooms, with a lawn sur
rounding 1t was knocked down at S27, 500,
subject to approval of the owner. The lot
Oh which the house stands is A. :l0x12O feet
y. ID. Baldwin, JOost &c Mertens offered
q residence lot on Preside Heights, south
side OF Washington street, east of Walnut
3IX12T 81. 1t was sold at $500 with an ''if u
which meant the approval of the owner.
The same firm offered lot 25X137 &c at
236 Taylor street. with Improvements bring
ing from $50 TO $500 month, and took it
down at S2l,JO0 10 confer with the owner
about the price.
O'Farrell q Lang had 10 South Park for
sale. 1t consists of lot "a :6x97 g. with three
story brick building Of thirteen rooms. 1t
was sold Tor S4050. but the sale awaits the
approval OF the Probate Court
HIGHEST BIDS.
A two-story house of ten rooms. at PIG
Bush street, near Webster. on lot 50x127 e
was offered by Madison & Burke, and with
drawn at So, 800, the highest bid.
Business property on Sacramento street
between Montgomery and Kearny, consist,
ing of a three-story brick building and base
mention lot 45x59:7, was offered by Boyee
Toy Co., and withdrawn at SIG. 800.
The Carnall-FitZhugh-H Hopkins Company
offered 1912, 29l212 and 29l4 Sixteenth street,
two stores and twenty-five rooms, bringing
an Income OF SIP 30 month. on lot IS :6x110,
with / J0x60. The highest bid-S15, $50
was not accepted.
Five lots 100x25 each, On Dolores street,
near ThiTtieth, were on the catalogue from
MeAfee, Baldwin & Hammond, but were
withdrawn when $3.50 was the highest bid
1or one Of them. This firm offered IA and
p l4zs Page street, consisting of two flats,
FIX rooms each, and six-room house on
LILY avenue, with lot q :6x120, bringing a
total rent OF S72 month. 1t was sold con-