The morning call., 1891-10-01
REAL ESTATE.
A Review of the Market During
the Month of September.
There Is Better Feeling-The MisSiOn-street
Line TO Be Built to Silver Avenue.
Representative Sales,

From advance proof sheets of the Real
Estate Circular, published by Thomas Ma
gee, We make the following extracts:
The number Of real estate sales made in
August was AT, Of the value of g., $40 928.
while 451 sales, amounting to a total of
81, SS7, isl, were made in September. The
demand for real estate generally was better
in September than it has been for five
mouths. North Beach ffty-vara lots, be-
tween say Battery street and Mason, are
tending upward. Property between Suffer
and Marke: and Powell and Laavenworth
streets, or even Van Ness, is mostly ad-
vancing, even in the face Of dull market
for most kinds Of real estate. Valencia and
Mission streets are at least holding their
own. A better market is anticipated by
many between now and the 1st of January.
THE MONEY MARKET.
The demand for money from the country
is much larger now than 1t was two months
ago. The chief supply comes from the two
savings banks here which lend the most of
the money placed there, viz: the Saving
Union and the German Bank. The ruling
country rate is per cent, the banks Of
course paying the mortgage tax. There has
been a good demand from city borrowers,
the one rate at them all being still I'M
changed, viz: per cent, they paying the
mortgage TAX. Inc DbG IdLb 10 DUIIONtIS
here, therefore, Is about "a per cent per
annum. The supply of money at the say
ings banks generally is fair average.
There is, therefore, 20 prospect of either
reduction or an advance In the rate of in
terest
MISSION STREET To BE EXTENDED.
1t is well known that the completion Of the
Mission-st.eet widening has been delayed
by the action of some five or SIX owners on
the east side, from which side the 1914 feet
strip Of land was taken for the widening of
the street. These parties have refused to
move back, OF 10 deed the strip named to
the city Tor the various sums of money
awarded them as damages, they claiming
that the latter are much too low. The suit
against them on the part Of the Mission
street Widening Commissioners was on
trial last week. We have been assured by
Mr.. John j. Haley, one OF the Com
missiOners, and also agent for the
Valencia and Mission street rail-
road companies, that just as soon as this
case is disposed of and the widening COM
pleted, the MissiOn-street hOrse-car line will
be turned into a cable road and continue
south from its present terminus, at Mission
and ThirtIeth, out along Mission street to
Silver avenue, which is by the Five-mile
House. vThis extension, so long promised,
will therefore soon be built, much to the
satisfaction OF property-ownerS out there,
whose land Will then decidedly advance in
value. 1t Is not generally known that this
MisSion-street line is to have park branch.
from Mission and Potter, or Twelfth, up
Twelfth to Market street; across Market to
Page street, up Page TO Masonic avenue;
along Masonic avenue to Ere derrick street,
and along Frederick to First avenue. The
work has been completed from First avenue
aud Frederick to Masonic avenue BY this
park line Mission residents will be carried
to the park without change of cars for one
fare. Whether the Mission-street line,
from Twelfth street TO Silver avenue, will
be a cable or an electric road is not yet set
tied. The promise has, however, been
made that the line will be built as soon as
the distractions to the widening of Mission
street are removed.
THE LAGUNA SURVEY OPENING.
The Commissioners for the opening of the
streets through the Laguna Survey lately
made much-needed revision OF their work.
The result is that instead OF awarding, as at
first, the outrageous total sum of S1Sy,GS0 in
damages to those whose land is to be taken
for the opening of the streets, they now al
low them only 1872, 751, and even that, we
think. is far too much. Previously they as
sessed land south Of Broadway S161, 1903 for