The morning call., 1891-12-01

From proof-sheets and manuscript OF the
Real Estate Circular. published by Thomas
Magee, we make the folio wing extracts:
The total number Of real estate sales made
Ia November was 4S7, of the value of
S., 5S7, 800.
IMPROVEMENTS ON THE PoTHERo.
The deafness which has always prevailed
at the Potrero seems likely to be disturbed
by thu passage of franchise for an electric
! road. to connect with the Market-street sys-
TEN at Market ard Sixth. passing along
Sixth, Brannan, Eighth, Kansas, Santa Clara.
Connecticut and Selano streets to The rolling
mills and Union Iron Works, and thence
by Kentucky street to South San Francisco.
The franchise was granted to prominent
citizens. not connected with railroad build
ing, but interested in Potrero property.
The franchise named, we are told, Will be
assigned to the owners OF the Market-Street
system, who have enter ed into a contract to
build the road as soon as the streets along
its line ar e graded. The streets needed are
all under contract to grade, and the entire
line will be ready for track laying by May
lSt next, at whc h date, by the terms of the
contract mentioned, the work of construc-
ton is to commence. Extensive improve
| ments by street and lot gradin have been
sion Bay, and the nearness OF that district
to the manufacturing center makes II ellis
bic for the homes of labOTers aud mechan-
les. To the old timer, who has waded
through Potrero mud and over uDgraded
| hills, for quarter of century, and in
whose mind the Potrero has been associated
with nothing but Butchertown, garbage and
bilge-water, the above facts will be most
agreeable intelligence. and it is to be hoped
that attention VIII now be turned TO Mission
pllUnp-SDOt wi Ina
speedily reclaimed and made TO do service
in the development of the industries of the
city.
VARIOUS SALES MADE IN ALL PARTS OF THE
CITY.
The property on south line OF Post street, 229
west Of Grant avenue, 45x6O in size. has been
spld for SIS 1875; not yet OF record.
The property on southwest corner OF Sixteenth
and Kentucky streets, 5OX20O In size, 10 rear
street, has been sofa FOR $500.
The property south side Geary street, so
90 feet east OF Franklin, 30xl20 feet In size,
has been sold for $4,000.
Tie properly on east side Powell street, 1876
moth OF O'Farrell, 26xS2:6 in size, has been
sold for so. 900. not yet of record.
The Tamalpais Hotel property in San Rafael,
4O2XlS5 in size together with Tie furniture. has
been sold Tor $4,000.
The property GU southeast corner OF Seventh
aud Natoma streets, southeast 20 on Seventh
by 10 on Natema, has been sold for $4,000.
The property soHth side of West Park street.
125 west OF Mission. 5ox1Oo in Size has been
sold for $4,000; not yet OF record.
. y
east Of Laurel, "a 6x11T7s in size has been
sold for $1,000; not yet of record.
The property northwest corner of Van Ness
and Myrtle avenues, 60X137 IS In size. has been
sold for $40, 500; not yet of record.
Tn. property northwest corner of Broadway
and LaEuna 81 :4Xl37: 6 IN size, has been sold
for $4,000; not yet OF record.
TIE property on The west SIDE OF Pennsylvania
avenue 80 south or Nevada, 5oxl50 ID size, has
been SOLD for $3.50; not yet of record.
The property tho south side Of California
street 100 west of Dupont. 37:GxG8:9 IN size,
has been sold for S62J0; not YET of record.
The property on the southeast line OF Mission
street. 1873 northeast of Beale northeast 40 7sx
1877 Sc in size, has been sold for 5000; not yet
OF record.
The property on the north side of Broadway,
III feet west OF Laguna street, 35xl37 g, has
been sold Tor $40, 500.
The property on the northeast corner OF Third
street aud Hunt place, between Mission and
Howard streets, 40 on Third by 80 on Hunt has
been sold Tor $4,000. Rents $3.50.
THE DEEDS FROM BOSS BUCKLEY.
The deeds lately made by ex-Democratic Boss
Buckley 10 jeremiah j. DriscOH were dated
November 19. SsS, although only recorded
lately We suppose every piece of property that
Buckley owns has been similarly decided long
ago 10 some of hts friends, and that The deeds
win be recorded when matters become so hot
for The exboss that there would be danger of
his losing tie property.
RATES OF INTEREST.
There is good demand FOR money from both
city and county borrowers The supply would
now be larger and tie rate OF Interest might b,
slightly lower but that loans on the besG class of
which was practically unknown a few years ago.
The city rate OF Interest therefore remains at 7
per ceHt, lie bank, paying the mortgage tax.
The demand for loans from the country Is fair,
only farmers seem To be well supplied with
money.
BUSINESS HERE AND ELSEWHERE.
Henry CleEs, The wellknown New York
banker. sad TO a gentleman from San
bR caa se n OF Kea e,tas here mere
is very and most justly dui, and no wonder,
either. for life insurance aud other large loan
COMPANIES have been in lie habit OF lending So
10 30 per cent OF tie salable value OF uptown
houses and lots In speculative districts, where
buyers only put up 10 10 per cent of
The purchase money, and where the
houses thus built were built 10 sell. and were
therefore CT the cheap slop-shop orcer in point
both Of material and construction. The same
San Franciscan found that about one-quarter OF
Kansas City was 10 lei, ana that owners there
were glad 10 mud tenants at one-third OF The
rents paid In boom times. a row OF line houses
and lots In desirable locality there were sold
for 500 each ov what the houses alone cost,
so that The lots were thrown In for nothing. In
Denver this gentleman found forty-sX stores to
let on one OF TIE best business streets In that
city. and eighty-Six stores, large and small, TO
let on Laramie street. the second best business
street there.
In the towns Of Puget Sound. where there Is
the boast OF so much railroad competition,
great bu-iness staguattOn and loss OF population
has followed booming aud oYeTbuilding, and The
| owner ofieiIheT dwelling or store property who
| did not jump at any kind OF an offer from a
prospective tenant. would be esteemed as hav-
Ing very long purse aud DO need oil an income,
a very weak head.
The fact Is there Is not a city of the United
States that is on such solid business basis as
San Francisco. Our ca ital the largest we be-
iieye OF any Western city OF like siZe) is nearly
all our own, and Is not liable TO be called away
from by capitalists living elsewhere, as Is 50
much the case IN new cities further East, whose
monetary supplies come largely from tue money
bags OF New York ard New England.