The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-02-02
REAL ESTATE.
Rapid Transit Needed For Sub
urban Districts.
What 1t Has Done For Outside Lands in st.
Louis-Blackmail Titles Considerable
New Concentrates and Sales.

tate agents and people interested IN the OUT
side lands OF this city, as its passage VIII
mean big things for them. Nor Will the
artisan or seeker OF cheap nome WITHIN
easy and quick reach of business centers DC
less benefited should the bill become law.
What San Francisco needs that Its envlrons
may be settled with homes is rapid transit.
The Chicago Herald has said the same for
that city in the following words: "What
the city needs is better transportation faclli-
ties. II the alley elevated road proves
success others will be built and people will
soon prefer to live in the suburbs. The
great objection is that trains are too slow,
poorly lighted and crowded. When those
difficulties have been overcome there is no
reason why there should not be a tremen-
dous business in suburban property"
When the busy toiler can leave his work
in the evening and half an hour later enter
his own home near the ocean or close to the
county lin e, rapid transit will have demon
strated its benef is. Homes will be within
reach of all, and the vast unsettled and in-
acces sible tracts now lying between the city
and the ocean will be the abiding place of
many families. As matter of course. this
property will increase greatly in value,
which accounts for the deep interest taken
by real-eState men in this all-impOrtant mat
ter.
AS IT is IN THE EAST.
In introducing rapid transit San Francisco
would only be following in the footsteps OF
Eastern cities. ST. Louis, for instance, is
changing the motor power OF its street-rail-
ways running into country districts, and
where rapidity is necessary electricity finds
favor
Regarding a recent meeting of the Rail-
road Committee of the City Council there,
the st. Louis Post-Dispatch says: AT the
last meeting of this committee, held Tues
day afternoon, there was very large at
tendance OF persons interested IN this enter
prise, including among them great
many owners of property along the line,
and more enthusiastic and unanimous
crowd never expressed itself favorable to
the granting of any franchise. Numerous
speeches were made, and the main point of
each OF them was that the company had
consulted with Interested property-0wners
lis to every feature of the bill providing for
the proposed change. There Is not an OBJ
jectionable clause in it. From beginning to
end the bill was warmly Endorsed by all the
speakers, who said that it was just what
everybody wanted, and it was hoped that
the Railroad Committee would recommend
its adoption. The presumption now is that
the, bill Will be passed at to morrow
nights meeting Of the House of Delegates.
VALUES ENHANCED.
Again it gives the following interesting
account of how rapid transit is enhancing
values around Tower Grove Park, st.
Louis: This section of the line viii open
up large area of very desirable residence
property which has already been purchased
in anticipation of increased values to be
created by the advantage TO the section of
rapid transit. There is now an electric
road on Arsenal street all along the south
side of the park terminating at Kings high
way, where property in Reber place which
has been provided with complete system of
high-elass public and private improvements
is held at $40 foot-that is, for lots facing
the park. Before this property was reached
by an electric road it could have been pur-
chased at SIS 10 $50 foot, and a good deal
of II bought at those figures has since been
improved with dwellings costing from
$4,000 to $4,000 each. At the auction last
summer there was considerable of the Tyler
place ground fronting Shaw avenue, just
north OF Tower Grove Park, where there are
no improvements, which sold at $50 a foot
and upOard Next spring. when the electric
road is being operated along there, it is more
than likely that these Shaw avenue lots in
Tyler place will sell at $40 to $50 a foot, and
that those on Kings highway, opposite the
park, where the improvements are all made,
will be IN demand at $50 to $50 foot. With
these two electric roads and the Peoples cable
line along Grand avenue, running 10 Tower
Grove, that section of the city VIII be well
provided with rapid transit, and it is antci-
pated that an immense amount of building
will be done in that locality next summer"
special claims of proposed electric road TO
the ocean, south of the park, present
another aspect of the case, but it is certain
that rapid transit is needed beyond the
present cable-line termini.
BLACKMAIL TITLES.
The Real Estate Exchange has q commit
tee, consisting OF A. ,. BALDWIN, w. L. Nor
gan and |. Strassburger, at work devils
ing some means of Kidding the records of
blackmail titles.
Attorneys have been engaged and will
report to the Exchange on the best means
to pursue, and the Exchange at its own cost
will undoubtedly undertake the work.
NOTES.
Moore. Foster & Co. have opened an office
at 634 Market street for the transaction of
general city and country real estate and
brokerage business. The firm is composed
of Colonel 0. Z. Moore, ex-senator q. F.
Foster, W. b. Benchley and ". n. Wood
son. Colonel Moore is a successful land
operator, and for years has been engaged
in the land business and financial enter
prises. Senator Foster is ex-Sheriff of
Tehama County, and also ex-senator Of
Tehama and ColuSa counties. Mr..
Benchley is well ! known real estate
man of this city, he having managed
the business of the California Land
Association for the past two years.
He will have charge OF the same branch of
the new firm. Mr. WoodsOn is prominent
young citizen of Tehama County. He was
the last Postmaster at Red Bluff, and will
manage the country department of his firm.
Already the new house has presented
list of city property for sale in the real
estate columns of The CALL. The firm has
just purchased 5000 acres of land south of
Red Bluff for colony purposes.
The many real-estate offices and business
houses on the block opposite the Palace
Hotel are circulating petition to the Post
master to place letter and a package mail
hoz their side of the sfrept N the m iddla
of the block. At present some dangers have
to be encountered IN crossing the busy
streets when taking letters TO the mail
boxes. j. L, Harris has charge of the pc
tiJion.
Some of the most select city residences
and Richmond lots offered for sale are on
the list of L. Oesterricher.
The Office of David Stern & Sons will be
remodeled this week on an elaborate plan.
Electricity has been introduced to illum-
mate it brightly.
Wilson Carr are Offering big invest
ments OF downtown property of nature
well worth examining into.
E.AVery Mccarthy, the enterprising young
real estate man and clever advertiser of his
Lakeview property, has gone to Los Ange.
les On two weeks vacation.
George w. Hopkins of the Carnall- FiZ-
hugh-Hopkins Company went to the Cot
tonwood and Hopkins fruit colonies in
Shasta County Saturday night to supervise
the planting OF fruit trees. He will return
Tomorrow.
j. w. Coleman has new list of hand
some city residences and fine improved and
unimproved property in different parts Of
town.
SALES.
The CarnalLFitzhugh-Ho Hopkins Company
sold a house and lot. 20x63:9, west side Of
Octayia, near Fell, for 5000; lot 50x120 east
side of Nineteenth avenue, 120 feet north of
Clement, for $500; lot 25x100, south line Of
l street. west Of Sixteenth avenue, for $500;
lot on Eighth avenue, between and K. for
1915, and three on Ninth avenue, between
the same streets. for $500 each.
T. A. Dolon 81 Co. report sales of frac-
lions of Blocks 1881, 1882 and 1888, south of
The park. on V street and Fifteenth and Six
teenth avenues, for Sl450, $3.50 and $500 re-
spectlvely.
0. d. Baldwin, Joost and Mertens sold
lot on Belgrave avenue, 325 feet east of
Stanyan street, 50x10o, for $l40o; also lot
on Colilngswood avenue, 160 feet south of
TWenty-hrst street, 50X125, for $685..
Parker ~ Ford sold half of Rlork 115Q for