The morning call., 1891-07-05
REAL ESTATE.
Extracts From Umbsen's Real
Estate Record.

G. Fl. Umbsen & Co. have enlarged their
Real Estate Record to eight pages. Follow
ing are extracts from the July issue:
As usual June has been a quiet month in
real estate circles. 1t IS the holiday month
and many active spectators are out Of
town. Nevertheless there is a good demand
for downtown business property aud there
is considerable capital in the hands of
brokers to take advantage of any bargains.
While quiet the market is extremely health y
aud prices rule firm. As the wheat crop of
the State Is very large, and there is an ac-
tive demand for all surplus grain, there
should be plenty OF money to invest in real
estate this fall, when an active make is
confidently expected. OF all investments
real estate is the best, and none can come
up to city realty, because the natural growth
of the city nsures steady rise in prices.
Very few cities show so large a portion of
their population owning homes as San
Francisco. In fact this is one of the most
gratifying features of the city and Que
which makes up for shortcomings in other
respects. The street-car service is one of
the most perfect in the world and upon the
principal lines transportation facilities are
afforded after midnight In spite of this
there is large and increasing portion of
our population, which, on account of the
vocatluns followed, is prevented from en-
Joylng home in the suburbs. Perhaps few
people think Uf the large number of workers
whose labOrs keep them downtown until the
small hours of the morning, whose work time
Is the nightw when the majority of citizens are
asleep. The morning papers alone give en-
ployment TO over 1000 individuals, editors,
reporters, printers, preSsmen, etc, to whom
the last car is of no service. Besides these
there is a whole army of cooks. walters and
others who must walk home and are there
fore obliged TO lodge their families in the
crowded portion OF tho city, instead of OWL
ing homesteads like their more fortunate day
lab0ring comrades in the vast army Of in
dustry. Ait this might be obviaIed by run
ming hourly cars during the night. say from
1880 to 80 A. NJ. The Market and Valen-
cia-street road, for example, runs its last
car from the ferries at about A. NJ, and
commences business for the day at about
O'Clock. Would tue expense Of running
cars so as to leave down town at q 3 and 4
O'Clock be anything in comparison to the
benefit which would be done? We
think not. Not only would the COM
panies running night cars gather in the
nickels of the late workers, but they would
gain the patronage of their families during
the day. AS ii is now the majority OF those
who work late at night live where no regu-
lar car accommodation is required IT, the in
jury of the children'S health. IL the bread
Garner was enabled to live in the suburbs
not only would the companies be benefited
but the growth and health Of the city be
increased. There are In San Francisco
some 5000 men and women who earn their
living late at night, or rather early in the
morning. and they have right to be con-
sldered. The street railroad business is one
OF the best paying in the city, and The COM
panles could well afford to run hourly cars
between and o'clock in the morning.
Nice two-story bay-window residence and
lot, 30x122:6, 228 Capp street, between Sew
tnteenth and Eighteenth, has been sold for
$500. Deed not yet of record.
Vacant lot, 25xS5, situate on the southwest