The morning call., 1893-12-30
AFFAIRS CLOSE AGREEABLY
Values Were Well Maintained
Against Great Odds.
FAIR PROSPECTS FOR MONEY.
Term Deposits Will Seek Investment
in City Real Estate and Banks
Will Loan.

Between the holidays the real estate men
are taking a rest, so far as active business
is concerned. The market is in its Gus
tomary condition at this time of the year,
and agents have to satisfy themselves with
reviewing progress and closing up the
business of 1898. Affairs are generally
better than forecasts made six months ago
predicted, which is one source of congrat-
ulatiOn to many persons interested in San
Francisco realty. Notwithstanding uni
versal upheaval in finances and trade real
estate in this city remained reasonably
firm, and real estate: securities proved
thems selves solid at all times during the
past twelve months. Prices were held up
for all properties, outside lands excepted,
and in sympathy with the faith of prop
erty-owners values have been Satisfacto-
rily main tanned. The exceptions in inside
roperties have been confined to cases
where owners were compelled to sell get
ready money. Business or financial trans
actions were most often the cause OF these
compulsory sales, and ii real estate suf-
tered through them it was NJ fault OF its
own. Had money been loaned by the saw.
ings banks il the last six months nodoubt
a far better state of affairs would new pre-
vail. Confidence was not shaken In city.
realty, only money grew scarce and intend
ing investors found themselves unable 10
buy in consequence.
Early in January next large sums of
money which form term deposits In saw
ings banks will probably be drawn out ana
invested in real estate on mortgages at or.
per cent. tits understood that four lead
Ing savings banks Will loan In small
amounts Immediately. aud this will relieve
the market to some extent. The sums,
will be kept under $1,000 for each loan,
but it may be two or three months later
before the equilibrium Will be restored
sufficiently TO allow banks to loan larger
amounts on demand. Capital will ind
ample channels for investment in safe
inside lands and term depositorS could
not do better than look into The induce
ments thus offered.
Sol Getz Brother report the following
sales. Lot 25xl00, north line of Istreet,
107 IS east of Seventeenth avenue. for $500;
lot 25xl20, west line of Eighth avenue, 125:
feet south of IL street. for $3.50; lot 5Ox.
120, east line of Thirty-sixth avenue 200
feet north of K street. for 5000, and lot.
50X120. west line of Twenty-se cond ave-
nue.. 375 feet south of K street, for $780,
AO'Farrell IL Co. report sales as follows:
Lot ON H street. east of Twelfth avenue,
25X100. $500: two lots, 25x120. on Twelfth;
avenue. south of Ii street, $1,000 each :.
three lots, 25x120, on Twelfth avenue,
south of. II street. 5000 each; one lot, 25x
100. oD street, east of Twelfth avenues.
Tor $500 ::
Baldwin & Hammond are Offering
several lots at the southeast corner.
of POlkaDd JACK son streeIs-prOperJy tn at
,does not cOne into the market every day.
The land: Is graded and ready for building.
and having a splendid location for retail
business or dwellings should command:
attention from investors.
: Bids were received this week by j.:
Gather NewsOm on two residences to be
built at the corner of; Scott and Green
streets. The cost of these buildings will
be $4,000 The same architect let con-
tracts yesterday for a residence for Joseph
EoSentiial ON California street. near Jones. /
An outlay Of about. $4,000 will be repre- 1
sented in this h ouse, which belongs to the
new order of domestic architecture. The
materials used in construction are pressed
Roman brick and terra Gotta, with a
mar BILE pOrtico aud antique iron grillw ork
with out any of the oppressive. ornaments
of San Francisco dwellings
Eight pretty cottages are to be erected
on Third avenue. between Point LobOs
avenue and Clement street. The frontage
will be about 200 feet. The estimated cost
is not under $4,000. and for that amount. !
these dwellings, with five rooms, bath and !
high basement each, can be built by day
labor.
Building in. San Francisco has. been
fairly active this year. although an i'm
preston spread that such is not the case |
Up to date, from January 1. contracts for |
work in this city alone reach very near the t
month recorded contracts exceed those of |
December. 1892. by $4,000. 1t seems to
be the fashion to cry hard times" with |
out thin king,