The morning call., 1893-03-01
BIG RENT ROLLS.
That Is What Buyers
Look For.
REAL ESTATE IN FEBRUARY.
Quotations From the Advance Sheets
of Thomas Magee's "ReaI
Estate Circular"
REAL ESTATE IN FEBRUARY.


OF S1,218,772. The chief inquiry continues
TO be Tor inside business properties, pay ing
we'll. Faith in the future is lost virtue in
times of real-estate dpllness.
Buyers are then deaf to everything but
the present rent roll. II it does not pay
about per cent net they ara dissatisfied
and do not. as rule. care to invest. For
ourselves, we would in either lively or Gull
times prefer or per cent net in a growing
locality TO or even per cent in stationary
districts, or in those which have reached
comparative maximum.
People are beginning to see ow that San
Francisco is moving insthe right direction
to recover the trade it has lost by the rail-
road monopoly That fact should help the
real-estate market We trust the rumors
that the Assessor has decided 10 reduce
real-estate assessments is true. There is
vital need OF reduction. OYer-taxation has
mad more to do with general real-estate
dullness than any other one thing.
six and half per cent on large and choice
and par cent on ordinary loans continue
10 be the rates on city real estate. There
Is more money on hand with the saw
lngs banks than they can use, but no fur her re-
dncion IS talked of. The total number OF
mortgages recorded last north was 3o3, OF
the total, value Of sL13l.551, and of re-
leases of mortgage 200, OF ihe aggregate
value OF S763 3O5. There was very good de-
naDd for loans from lie country In February.
Country borrowers never better kept up their
Is b0th hopeful and healthy sign.
Special Sales.
The property on The east line Of Van Ness
avenue, 1888 north of Clay street, 50x109 In
SIZE, has been sold at the reported price OF
$4,000.
The properly on the west side Of Sanchez
street, 81 :6 south OF Eighteenth, 25X1O5 In size,
has been sold Tor SIO5O.
tV oftf he uortb Of fall
1ornla street and Twenly-slxth avenue, 240 feet
on California to Twenly-seventn av nue., by
399:9 feet on Twenty-sixth and 1856 on wen.
yseVenth avenues, has Geen sold for $4,000,
subject TO probate.
The properly 24O feet on The south side o.
California street by l19:10la feet on Twenty
fourth and l45 feet on Twenty-iflh avenues
has been sold, subject to probate, for $4,000.
The property on the south side of TIlden
streer, ~ &c feet west Of Castro, 27:Gxl34:6 In
size, has been sold for $1,000; moi yet of record.
The property on he north side of Union street,
l3O west of Webster, 60X1376 IN size,
has been sold Tor S675oi not yet of record
The property on the south side of Pine street,
1858 east Of Fillmore. 25X127:6 TO rear street.
has been sold Tor S5o75; not yet of record.
The old Cay-street Bank property, on the
south side OF Clay street, west Of montgomery
was last month sold Tor $4,000, bur- upon ex-
animation, some defects were claimed to exist
against The title. The lot Is Al feet l Inches
front, ON The south side uf CLAY street by a depth
OF % Ell Inches, with extra LOT in rear on
Commercial street. 2OX63 % IN size.
Rr. Huntington on Santa Monica and
Los Angeles.
Few better illustrations can be pointed TO of
T. L. Huntingtons feelings toward San Fran
cisco than he iale speech Of one Of his repre-.
srntatlves at Los Angeles, that Santa Monica
would become an Important shipping point In
opposition 10 This port and that Los Angeles Is
nearer 20 Tie East than San Francisco. These
statements wre intended TO boom Santa Mon
lea and Los Angeles, aud injGre San Francisco.
Those WHO take stock in Air Huntington in this
matter Will IN tbe results find themselves coming
out ut the little ma OF the horn. MIR Huntington
would Ike 20 utterly crush San Francisco. lie
has greatly Injured II, too. in the past. but this
he accomplished simply because It's people did
not for long period help themselves. They are
now doing so, however, via Cape Horn, aud are
about 10 do so via Panama. They have also
found 1t more profitable 10 ship by other trans
continental roads on lhe moth than by Mr..
Huntington's much shorter ana more southern
INES. Mf. HunllngtUns rage Is therefore great,
but II VIII finally be as futile as 1t Is ut erly
unjust de has no raj grievance against, but
should be fun OF gratitude to San Francisco for
all her past gifts TO his companies, and the
berent he has mad in being allowed to exact
outrageous oYerchefges III his freight rates 10
ana from this cily. Cape Horn. Isl hmus and
connecting overland routes win settle MT. Hunt
lnEion's freight monopoly at least And
can no longer be Geayed, Will be Of
even g eater INA oTtanee TO the CITY and State
for loeaFfieights have been more unbearable In
many cases lhan overland OyeTeharges. We do
not Know OF any large city benefiting itself by
submitting to the eXactons Of an outrageous
railroad or other monopoly. This city has done
tba. aud lost immense trade and other adyan.
tages thereby. 1t is now engaged in the process
OF delivering itself, and Mr.. Huntington RACES
thereat Mr. Huntington Will GO to the wall
nnally IN this contest. He has won many fights
by huntington methods. but be cannot win this
Que: or peImanenliy Keep 10 trade enSlaVeme0t
city OF such size and wealth, aud a harDOr with
such advantages as San Francisco.
Call to the Assessor to Reduce AS
sessments.
Assessor 81 be should this year reduce the as
seSsmenls on The EloSt of city real estate 25 TO
50 p, cent. This reduction Is loudly called tor.
lie assessments were last year raised SONS
S30,O0O,O00, when, IN view Of The then existing
real estate dullRess and fall in prices, they
should have been reduced al least $50 600 600
In spite OF this fact. the called State Board Of
Equalization added sim further burden by
raising the city assessments for State purposes
20 per cent. 1t is now matter OF the simplest
Justice that The Assessor should this year heavily
reduce this oyer-assessment OF he city.
NOn-Combustibility of Redwood.
One Of the active officers Of our Fire Depart
M Mt once said: "If when IA fire is raging at one
end Of town another should start al tile other
OF affairs would have TO be assisted by a hurri-
cane 10 prove the assumption. In the first place
departments IN the world; aud, secondly, red
wood IS The best fiTe-resistIng wood Most
strangers visiting here appalled, that we live
IN wooden houses on account oil their cOmbusIi-
bhity. But they do not know 6Ow hard IL Is to
start fire In redwood, nor how easily IL can be
eX'lnSuished. All hand. grenade exhibitions are
gwen with structures built OF redwood. One
grenade VIII Immediately eXlingush the flaming
structure.
MIR. Burr and the Laguna Survey.
The pubic is TO be congratulated over the de-
feat OF L. W. BuTr IN his efforts 10 prevent the
opening OF streets through his property In The
Laguna survey. MT. Burr viii deuy that lie is
trying TO Opstfuet said opening. He claims 10
want lalr piice only for the land requisite for
the opening of The streets. But as no one agrees
with him IN what he reckons fair price II is not
unjust 10 say that lie IS an obstfuGtiOnist His
land, Toe, is OF no value unless The streets are
opened, and IN our judgment neither he nor any
OF tie other Laguua survey owners should have
Doen pald anything but nominal price Tor the
lard taken for the streets.
The Plaster Pavement.
All the evidence goes 10 show first, that So
called bttuminous rock pavement even II hon.
estiy laid under the most stringent specifications,
is not lasting pavement; and. second that Is Is
seldom or never so laid, and thai, therefore, Il
is generally laid cnly as a sham and makesbift.
Under these circumstances, this sham street.
plaster should at once be excluded from the list
OF accepted pavements. The n Board OF Su-
pervisoIs should at once reueal The law which
allows its acceptance. The law was passed 10
the III crest of a patent pavement ring. If prop
erIy-owners wish 10 have This pavement laid, by
all means let them DO SO, but let IL he at their,
and not at ihe cty's risk OF its speedy dlslnieg.
ration 1t is the outrage OF its acceptance by
the city that causes pror erty- owners 10 consent
10 its being laid down SO generally.
A Million and a Half Lost.
By the last decision OF the Supreme Court one
parry OF the claimants of the Blythe estate was
Knocked out-disinhertvd, as it were The par.
ties representing these claimants were once
offered million and a half to compromise, but
they refused. Now they VIII gel nothing. Their
refusal to compromise was the acme OF folly, for
million and a nat In hand is better than twenty
millions IN The bush OF lawsuit anywhere. bur
especially here where blunderiug and sometimes
corrupt Judges and utterly INSCRIPTIONS law
yers, who have no fear Of punishment before
their eyes, all make justice as dticJlt OF attain
ment as lhe finding OF lost cambric needle not
In bundle, but ton OF straw. Submission TO
WhnfRVar {
resOrtiug 10 a lawsuit.
Important to Holders of Mortgages.
Parties holding mortgages eaunot be too often
told to see that all of the taxes charged against
the property morgaged 10 them are paid. OF
course The party holding MOI tgage naturally
sees 10 the payment OF the mortgage lax, be-
cause II is his duty TO pay that tax; but he must,
In addition, also see that the owner pays all other
city and Sinia IaNRs charned annlnsi lie nrnL,-