The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-01-03
REAL ESTATE
MARKET REVIEW.
Good Business Done in 1891.
Bright Outlook for 1892.
Views Of Men in Touch With the Times
They Tell of the Past and of What the
Prospects .or the Future Are

~ -.-,,1+s IF 1891 and the outlook for
500 o,, ,-,,nermost thoughts in the mind Of
a,.ery business man just at present Espe-
~. Is mis- true Of real-eState agents and
,.,ters who feel more than passing interest
-, tba commercial future Of San Francisco.
Asa general rule no class Of citizens are
50 well Informed Is 10 a city true cohdi-
ZION and real needs. or DO SO mueh 10 pro-
mote It's growth and prosperity as those
interested in its realty. lie Following
broad.vfews If some OF the prominent hTms
If this city VIII confirm this statement;
Il. z, Hammond Talks.
p Hammond of McAfee, Baldwin "
Hammond. in answer 80 questions, said:
Inc real estate market during The year just
closed Eas Doubtless dlNai .olhteu hdnS people
.5.,ti many reasons have been assigned i0r the
mn ion II cannot br called reaeton-Simp'y
iv.. 80 De uafKet AID nothing mere. That tie
... have trrn E-uI during 1891 is unQueS-
-.,aF han that the ma heI rate has fallen of
..... ,.at,# .efet.e extent Is not true. All con-
D.. I--Hat lie growth aud development OF san
Francisco d, uI Naid ana ohWat0, ana every one
b.un~ tlat al llTtstul III "tblh the imljs o.
f.. METROPOLIS IS as safe aS within The vaults OF
f.., servings bauk. WHAT then, are Tie reasons
f.. fi.- gu.etado Of lie YEAR, Tue causes are
T.s wealthy operator whose wealth has
made .u conservative, has not hesaIed 10 III
,.-f u.r ie las IS rule, sought income prop
r..r. WL-.e. 0u lie other hduu, ttaJ large ciaSs
lr.-.- as tie small investors undoubtedly
f4artrl their limit. IL Is the small aumr that
ff>i Invaded q new teIIilory-the more pTeten-
t.aus follow. Tie Small. dep0stor Is the hrst 10
III 3tcu lie safety OF a pans IN critical times
and >u following iATs line OF thought. We study
tle temporary failure OF Tie smaller buyer 10
Ie.iIZ- according 10 his expectations upon re-
He credit sales Of 1889 80 are largely &C
Cauul8be for lie depression OF 1891. THIS IN
uuyalIUu Of recent Years applies alike 10 home
OF Dot. he CauUalsl buys by he acre and sells
by lie lot, aud lured by the otI-seen advertise
luruI, Cheap lots" Splendid homes
e. Don't ply feUt" Terms only cue fifth
cash" " Projected cable lines,' etc,
The small buyers have speculaied, not invested,
have uuerlted not wisely bat widely -
50 widely, ia fact, Es 10 reach beyond our city
limits. tar beyond The reach or present popU la
tiuu. Thus tie banker besieeed by tie small
depOSi or, who overlooked thai modest luxe
paragraph relative 10 time and interest, becomes
cautious as 10 bis Own investment and hugs
closely lie rent-paylug building which has sud
denly advanced In his estimate OF value, so that
lie places upon L price piohiDlOIy 10 Tie aver
age Ieal-estate investor. Tie auction bells and
free buses Il 1889 so have had neither music
Dor la~>eugerS TO- 1891.
Again, while We had abundant crops In the
TWO ecediug years, which poured money iujo
cur lays not only from ouf sister , aleS. Uuj
from uu-t If the civilized countries OF the eartb,
that uf The present year. While mol approaching a
failure. was faI fgum desirable, and the prices
OF aued, especially Ior nult aud wines, re
ulsCout aLmgIy low. This scarcity OF crop, and
Consequently of money, WAS supplemented by a
monetary deVIess ion abfOad, which drew II ON
Our vaults large sums which otherwise would
have found investment here.
We also had great expectations in recent
gears, which have not been realized, and the
he3u Of The investor has been made sad by The
faiiuCe Of ouI city 10 Keep Up WIKI The Times and
tie march OF progress Have we kept our word
with tie investor? Have We instituted such a
sewerage system as would tend 10 give conf
Oeuce 10 residents and Intending residents
Have we cleaned our city, Improved our side
walks and paved cur streets Have We uulll
quite recently taken steps which would ehcouT-
age inmlgI alton? lie answer l., emDhatcally.
Nol Instead, many have dccued those I'M
J. oVements which would bring population 10 our
cry and make investment sure OF quick return.
Now. what OF 1892 and lie fulure2 Tie
pros pect Is exceedingly bright for THIS city and
means the prosperity Of San Francisco. Follow
lug The dulness OF S9l viii come great activity
In 1892. And why? our people have deter
mined 10 cast OF the shackleS put upon them BY
Tie SlgTIau, have decided 10 open W de the doors
10 the newcomer. liz Tact there is evidence be-
fore rs THAI san Francisco has discarded her
ntLhtcap ana is about 10 con The hsbliimenls OF
Youth and YigOr. Additional transportation
facilities are within sight, public improve
Meuts long needed are certainty; our leading
physicians have declared that tie sewerage sys-
TEN must be entirely remodeled; our streets Will
lie cieduiy paved; Onr parks are being made d
clMIuTt aHd JOY 10 all our people; ample iaClii-
lies are being offered The population 10 reach sub
urban homes; our mitonalTes are disposed 10
e CT magnificent business structures; the city
Il or is being remudeied; additional buueyards
ana drives aie in contemplation, and, taken alto
EetGer. he ~ respects Tor San Francisco were
never Letter than they are for 1892.