The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-09-01

holder. La Europe many leases are given
Tor 800 years. Many vacant lots there have
signs on ITEM, ITO lease forever" Thi
means for 999 years. which is practically
forever,
The tendency to high rentals In the down.
town district in Chicago increases yearly.
A few years ago the rents paid to-day would
have seemed fabulous Then a building
costing $4,000 to $4,000 was thought to be
costly structure. Now as much as that is
paid for the annual rent of floor or two in
some OF the new Office buildings. In the
new Masonic Temple there is lease
to the Masons Of the entire eigh' zenith.
nineteenth and twentieth floors for $40. COO
year. This is probably the largest
single lease of space in an Office building.
Next comes the theater in the Schiller
building, which has been leased by Arson
S. Temple. late of the Auditorium, for
term OF five years at $50, 900 year. It is
said that Lyman & Jackson, the law firm,
pay $4,000 annual rental for the sixteenth
story of the new Title and Trust building
on Washington street. The basement of
the Ashland block. at the northeast corner
of Clark and Randolph streets, has been
rented for saloon 1t will be in the shape
of carpenters square, and will have an
entrances on both Clark and Randolph
streets. The lease calls for $4,000 an
nual rental for ten years.. One-half of
the entire second floor OF the Ashland
block, 5000 square feet, has been rented to
the Hibernia Bank for five years ct $4,000
year. The second floor Of the Schiller
!. building $3.50 square feet. has been leased
to Henry Dettmer for three years for a
piano-store at yearly rental OF $4,000
1t Is said that the main floor of the new
building OF the Hartford Safety Vault De-
/ post Company, OH the corner of Madison
and Dearborn streets. has been leased TO
the American Tailoring Company for five
years at $50. 000. per annum. The company
will sublet what space it, does not need
| Chicago Journal. :; ~.
/ "A former president of the old stock board,
| in the bonanza times, said that our best real
/ estate on Montgomery street would not be
worth $500 ner front foot but for the. mines
of the Comstock lode. That.was in the days
| when stock representing not feet but inches
in the:eons olidated Virginia and California
mines were being: sold to crazy buyers at
|: sky-h1gh prices. III he mines OF the COM
stock lode have since gone out of sight, and
|: yet MontgGmery-street property, on "a dull
I real estate market, is now worth more: than
|: it was in the very >heyday OF the mining
craze, " bile. houses and lots in:Virginia City
|: haye since gone down to price so low: as
not to be worth naming = 80. ::.':. - 80
The statistics of the building department Is
| of New York and Chicago ale. an interesting
study ms indicating the relative amount OF
building activity in. the two cities and the
! character Of the buildings erected. The
/: New York report for:the first six months of
/ projected, to" cost $50. 252. 5S3.= The: figures
/ from. the Chicago records for" the: same pc
I riod give. GIG buildings prejected, at a cost
+ of sos; $40 400 lit seems almost incredible
that there should*be such~a difference in the
cost as compared with the number Of build
ings erected. The explanations. however.
Isl: to. be: found in: the fact that Chicago
lis: pre-eminently city OF homes: while New
York is a"city of fats. No: one who. has,
seen the immense blocks of New Y rk fat
bIlldings:n0rth Of Central Park, into which
are safdlned thousands of :famil es of ali
Glasses, can wonder thatthatthe projected
buildings of thatcity, though less in number,
exceed in cost those of.Chicago projected
during the same period: The Contrasts as:
much in favor of Chicago in another drec-
tiOp just in proportion. as it is pleasanter:
and more :healthful: to: live in ones own
:houseof one or TWO stories than.it is to ex-.
ist:in asix-story New 1ork tenement build
I ing. - ~. :. ~: Il:
+. Lumneris 25 to So per cent eheaper: than
twas year ago.: Labor, too. is. cheaper,
t. for work Is scarce. Eighteen months ag0
work was so abundant that II was ifffcut
toget mechanics at 50 so a day Of eight
hours, Ar other building material as well.
: aslumbeT is low presents. therefore
IAN unusually good time to build (Hot- for
renting. because there are. many houses to
LETT for those who mean themselves TO. &C.
cupy the houses they erect: ~.
-. The GO Is feet on northwest side of Market
street was lately exchanged. not sold, for
. proi erty on. southeast corner Post and Polk
streets" The. price of the Market-street
property was said ='in.the daily papers to
: have been 500, COG and ofthe- Post street cor
ner, but the trade was reallyin. exchange.
There was mortgage: on the: Marke,-street.
property :. -. -: =.
::-- MISUNDERSTANDING SALES.
f. Tie property on. the east side. of Harrison
street, 1Q4 south .*of !: Twenty-fourth, 26x10O
In size, has been sold for S1525.. - =.
The property: on the southwest corner OF
Oetayia street and Ivy avenue. between.
Hayes and Grove Streets las been. sold for
So. 000. -. :: II !. ~. -
The property on tile west: side Of Pierce
street. 100 south of MchlliSter, 81 :6XF12 IS in;
Size. has been sold for S5625; deed not Yet
of record. - r.: =. =! :.
The property ON the southside of Fulton
street. rs east Of Eaguns; 32x120 to rear
street, has been sold for. $1,000; price put 10
+ The property on: the west side of Twenty
fourth avenue, :275>north Of. Lake street., 50x
120.ln size, has been sold for Sl400; mot yet
OF record. XIX. 49,: = -.
e The propertv on the Southeast corner. of
!: Fifth and Harrison. streets, lis on Fifth by
so on Harrison, has been Sold: for S12. $50. i:
The property ON the west side of Y aIencia
+ street. 80 north. Of .Twenty-f first, 5Sx1l0 in
| size, has been@sold for Sl1, 400; not yet of
record. T.. - -: -
/ The property on the northeast side of
First street, 62G6 southeast Of Folsom. 25x
62:6 in size, has been sold for 5000; not yet
of record.
An effort is:agaln being made to:reyiye,
for PURPOSES of :blackmail. the theyiug
Moore "ti1e',-a title which at 10 cents an
acre would be l0centS thrown away"