The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-04-08
CITY AND COUNTRY.
Wendell Easton Speaks on the General
Situation OF KeaI-Estate Matters.

Situation of Heal-Estate Matters.
In conversation with a CALL reporter
yesterday Wendell Easton said 1.-The
season Is now sufficiently developed 10 in
dictate something IF the class of business
that will lie done during the year 1852.
Certainly very healthy condition pre-
walls with regard to real estate in the city
OF San Francisco, owing no doubt to the
TACT of the large accumulation of money
concentrated in the metropolis and which
has been extremely partial 10 real estate
The large amount of building which has
been going on for some time possibly has
kent up continuous demand for new prop-
critics, and with something of let go in this
direction OF construction newer sections are
likely to be slow.
I'VE certainly have been favored with 4
hattering market for the past four or five
years, which brings us for the moment IN a
resting point and which will cause some
thing of a standstil in prices and which will
cause the class more DESTROYS of selling to
modify their ideas, and when they become
more reasonable we may expect a new m-
petus in the local business. In my iudC-
ment don't believe there has ever been a
time In the history of San Francisco when
land was as sale proposition for invest
ment as at the present moment OF course
In so large an area judgment must be used
with regard 10 the direct growth Of the CITY.
also with regard TO local improvements
likely to take place on certain lines of
streets, also Intelligence can be used and
some thought as to the cause and effect of
the construction of the number of new
street railways now In progress. Ia other
words the present situation offers premium
TO the thinking investor and an intelligent
judgment can now lie made use of to adyan-
tage. OF course in so large an area there is
more or less undesirable property and iudg-
ment can now be brought TO bear TO dlstin-
guish between the better class Of invest
ment, or class Of property which is going
TO he longer in making development and
keeping up with the growth of the city.
While these conditions of affairs prevail
In the city new turn has taken place with
regard to interior property and / believe
hrstclasS acreage property is going to find
market and somewhat of a demand during
this coming season, and values will be reg
ulatcd by the showing that can be made
by the income from the actual products of
the soil. and in this field of real estate be-
licve the best lands will show for them
selves and sales will be made on actual
merit. Following up this line of opinion
during the past week we have received the
cooperation OF the managers of the Southern
Pacific COMPANY, and they are disposed to
encourage excursion parties out in tho coun-
Try and Will afford every courtesy in the way
OF fast trains. prompt service and accommo-
datlons. as well as rates. TO encourage peo-
pie II the metropolis to visit the interior as
land-seekers. We have not been able to do
much OF this business for some two or three
years, being especially due to the fact that
owners OF interior property were unreason-
able with regard to their ideas, but good
property can now be made available at the
right kind OF prices. 1t is our intention to
take care OF but few excursions of this CHAR
aeter and then only after the very closest
selection. On the 10th we outline the first
excursion to Lodi, in the vicinity Of Stock
ton, and believe that Immediate section is
as good as any portion of California in the
showing that can lie made from the actual
produces of the soil and the availability OF
the market In the way of shipping by rail
or water. We shall probably be in n posi-
ton with property Of this kind to sell il for
one-half of what the same property could be
purchased for some two or three years ago.
This is Lot result of an actual reduction
of prices or any deterioration of the land.
but the real fact is thu people have been
somewhat astray in the way or values with
regard to the actual value Of land. and be-
Iieve now being able to sell the land on its
value. as have said, based upon its earning
capacity. great amount or business will be
done We shall expeeg 10 d. quite busi-
ness IN suburban property as we'll, and some
OF the nearer suburban properties to the
city will receive considerable attention, and
from present appearances. MEMO Park will
be well to the front. as well as Ross Valley
and San Rafael"