The morning call., 1891-01-04
REAL ESTATE
MOVEMENTS.
Statistics and Forecasts Gathered
From Agents.
A Favorable Balance Sheet for the Year-Im.
migration and Improvements Dis
cussed by Brokers'

All Kinds OF property have been in good dsm,nd
and all who have iudiciously Invested have no
cause Tor regret. On every hand we see new
buildings In course Of erection, streets henu
opened, and several graded and macadamIzed
10 the older parts OF tile city streets arc heinp
permanently paved, good sidewalks are being
put down, and in fact here seems 10 he , Gen.
eral tendency toward Improvement and all this
without materially increasing our mortgage in
deDtedness.
Permanent prosperity does not consist In buv
ing lot to-day for $1,000 and selling IT neyt
week for $1,000, for While profit has been made
Inc lot Is really worth no more than il was be
lore, put when house Is erected or a street pur
I'D 0fuer or stone sidewalk constructed ina
selling value IS not only increased but lie in
trinsc value as well.
-" In looking over the records / find wa bava
added 10 our real wealth between thirteen and
fourteen million dollars during the past Twelve
year amount to S9,5S9,942. Add 25 per cen1 for
work done privately, repairs, etc, S2,3 4S5.
end we have grand total of 81 1887, 427
line amount expended for street work Is NOT
oDiainaDie, but 10 give some idea OF the magni-
tude give below condensed fecapulation of
The report of the Superintendent OF StreeIs for
The year ending June so, 1890: Payinp-Br.aIt
blocks, ineal feet, 2S, 222; bitumep Is 533
CuIbsmGrante. hneal feet, S5.34l; redwood,
lol,4 69. ACCOMPLISHMENTS nneal feet ~ =.
oO3hs. Sewers-Brlck, lineal eel, 10.Si3A;
lroDsIone pine 77,lS3. Grading-Cubic yafds
removed, 356,2l5 "a cubic yard is an ordinary
Square feet laid, 3,5l8.$Us. PIankng~Lineal
feet Land. 16971a. Sidewalks-M Icaa,mi1ed
aineal ieet, DC, z66$4 plank, 36,o23 btumen or
" The cost OF laying basalt blocks Ia from IS TO
$40 per lineal foot, btumen about So per lineal
10 So per lineal foot; grading costs about *
cents per cubic yard. 1t Is estimated that during
The year just past over 81. 100000 was ex,
pended by The property owners III street work
"Our savings bank deposits increased during
the year about Sl4000OO0. The exact tpnIes
are not at hand, as the books have not been
hes tpNtn ip.h
amount above stated may be slightly increased,
Dut certainly Will not be diminished.
On the 1rst Monday In March the Assessors
reports show mortgages In force amounting to
S3S, 5l1 ,9S7; net increase In mortgages since
that date, s5,S23, 1872, making grand total Of
mortgages now in force Of So, 335 3l9 mus
demonstrating that While our mortgages have
Increased S5,S23.332, we have expended IN
buildings and on street Improvement the sum
OF 81 4,4S7, 427i 50 that IN reality we have de-
creased our mortgage Indebtedness S., 664, O95,
besldeS increasing our saylngs-bank deposits
Sl4.O00.0O0.
I'VE are situated at the extreme west OF the
continent and between our locality and the
pophlous East there are large tracts practically
unlnhaDited. Our northern neighOors Portland,
Seattle, Tacoma, Spokane Falls, in fact all GILES
lying north OF the California line, are experience
ing BOOM In part owing 10 their cheap lands
and IN part 10 railway competition; for while Tie
places just mentioned have four competing Tai-
ROADS, San Francisco has only one, aud in the
matter Of transportation as well as IN general
business competition Is tile life OF trade or
rather, competition makes trade; aud while
these northern towns have had large Influx OF
Eastern capital, we have hitherto had but very
little. IL is true there have been some Invest
ments made by Eas ern capitalists, notably the
jordan purchase, near the cemeteries, but the
total has been very small, taking our naIui al
advantages into consideration, for this is the
metropolis OF the Pacific Coast. What New
9ork is 10 the East, san Francisco is TO the
West. Every one OF mature years can remem-
Der when the voice OF the crOaker WAS heard In the
land, saying that the glory had departed from
New York. First IL was Boston, then Phla-
uelUllla, ana then some other Dlace. A III of
cities have simply helped 10 make NewYOrk what
she Is 10 day. The wholesale merchants OF New
YORK grnmbled in those days as our own whole
sale dealers 40 now. They said, we used TO MAKE
some money aud do some business but Boston
has cut OF our Northern, Phiadelphla our South
cru and Chicago our Western trace but the groth
OF these cities had quite contrary effect, max
ing New York the leading city, and now nearly
0ne-half OF the entire Cearings OF the United
States pass through the New York clearing
house. SO II Will be here. This is the
entry post and the metropolis OF the Western
slope and those who invest in San Francisco now
Viii never have cause for regret Realty prop
eriy VIII never be cheaper In this city Than il is
now"
IMMIGRATION MOVEMENT
VIII E. Fisher of Tevls & Fisher The promipeut
Post-street real-estaIe lirm, has for some time
past been gl'ing MS attention to me gnesLiot OF
Francisco Real Estate Exchange he spoke at cen
siderable length on that question. The follow
ing statement contains in brief his views on this
important subject:
''It has become an essentially obvious pop.
ositiun that there exists necessity for the COM
bned efforts OF Tea-estate agents aud others
interested in property and In mercantile business
In our city, TO plan ana execute some systematic
method whereby immigration TO this coast may
be Increased. A nov IN his direction has been
taken by the Real Estate Exchange, aud 1t is
hoped sufficient lnlefeht VIII he shown 10 make
1t success. most remarkable Instance OF
what energy and push In this direction can do
was evidenced by the wonderful growth OF the
southern portiOn OF our Stale, which, although TO
certain extent suffering now from natural re-
action, has at tue same time advanced at least
twenty years In growth, as the result Of the COM
bued efforts of the moving spirits OF hat sec
ton There is no reason in The world why
similar line of action should not be followed
here IN San Francisco, for the inducements we
can offer for this portion of the State, and es-
pecaly for san Francisco, are as great if not
greater, than for the southern country. The de-
sired esult can only be effected by the con-
certed action OF the agents and business men OF
San Francisco
1--WE do not propose to indulge in any extraya.
CANT boom tactics, but merely 10 place more
prominently before the country at large our par
ticular merits. We shall endeayOr TO have the
rates oil transportation ledUc d so that they may
be within The means of actual settlers. Subdl.
visions OF gle1t ranches will also be prime
factor In our growth, and should the immIrra-
ton scheme be carried out We may look forward
TO an increase In all branches OF business. The
public VIII sooner or later hear OF The res lts OF
the committee (ot which am Chairman which
has been appointed for the purpose OF deyising
some means 10 proceed with the encouragement
of this Immigration. Never during my expert.
ence IN The real-estate business has there been
au effort made by the combined agents OF the
city, each agent Davlng his own Interest 10 ad.
vance; but believe that by getting them all TO-
gether In convention, with representatives of
the merchants, some good plan may be devised
To encourage immigration. 1t is reasonable TO
suppose that in movement OF this kiud the
railroad companies Will lend their aid, which
landed interests throughout the State would
justify.
= Ii is, beyond doubt, necessary for the real
estate agents Of san Francisco TO waive any per
sonal feeling that may exist among Them and
combine for this one purpose, If 1t can, after con-
nftOl4n nd haa fFrn
cenlers on the city OF San Francisco, while the
immigration TO any one county or portion of The
state VIII benefit us In San Francisco equally
with that section. Competing railroads would
Benefit by the Immigration to our coast, but dur
wig their absence We had better make lie best OF
u. and use onr united efforts to promote our
present Interests"
t. p. RIoRDAN.
MIR. RiOrdan, who is one OF the Oldest and most
respectable real estate dealers In the city, gives
his views on the past and future OF the market
In the following words:
The MAJ ket has been In very prosperous
condition for the past twelve month, although IN
many cases values ruled TOO high, thereby cur
failing the volume of business that might have
been transacted II the differences bet ween sellers
ana ana buyers bad not been so great. There have
been numerous Investors from the outside seek
Ing safe channel for their money, and they are
sun 10 our midst, ! have piece Of business
good investment AT that figure but the party
VINO Is negotiating for It's purchase, Will only adj.
vance 10 SZs5.ooO, aud II stands In that position
II
similar predicament, which, as / have stated
cuitalls The volume OF sales.
sellers mut modify somewhat before any
great activity takes place, as outside bnverS Who
are well posted, viii not pay sum for any prop-
cry tnai WIZ not Yield reasonable income on
The amount Invested" 'AN va
SALES REPORTED
Mllson q Carr have disposed of two lots OK
1876 each, on Golden GATE avenue. near Ma
sonic avenue, for $3.50 cash; lot 25x1i4 on
Nineteenth avenue, $500; house and LOT on
Green street. Il near Lagnna, 2Gx137 &c. for $3.50.
pac, "a ,d D9Iah 20. sold yesterday four lots in
BLOCK 1898, outside land. for $500 ''''
o. ID. Baldwin, JoOst & Mettens have eFected
the SAFE OF lot 2o:2x59, with improyemenfs on
The north line OF Commercial street 100 feel EAST
OF Montgomery, to j. b. Lincoln for s15 900.
NOTES.
NJ: r. Heigbaum s. Co. have placed unon the
make Block 923 OF lands south OF the park,
In statement furnished by s. Nosgroxa the
real estate broker OF Market street. wh,cI, an
peared IN last Sundays CALL, hewa repotted
as saying that ''he did not think il nrohahIe or
EVEN possible, that $500 lot bonpht viii rea