The morning call., 1893-12-09
WAITING MONEY.
Real Estate Men Expect
Brisk Business.
THE MARKET HAS IMPROVED.
Sales Reported Show a Good
Weeks Work.
AN INCREASE IN BUILDINGS.
What The Agents Are Doing With
Property in Various Parts of
the City.
THE MARKET HAS IMPROVED
AN INCREASE IN BUILDINGS

tate agents that a better feeling exists In
the realty market-that is, the situation
has improved since savings banks gave
encouragement to business by making
promises of loaning next month. In the
absence of capital from banks, private
money is plentiful for mortgages on city
real estate, and plan seems to be under
consideration with the object of making
loans at usual rates of bank interest,
minus mortgage tax. Foreign capital can
be had for the asking at or per cent.
provided the right men enter into negota-
tions with and transact conservative
financial business for English capitalists.
Such security as San Francisco real estate
would be quickly taken up. This question
has been discussed at some length by one
real estate firm.
The attitude Of the saving banks toward
real estate after dividends are paid next
month will be watched with interest
When the financial stringency made itself
felt the market naturally became very
quiet. Prices of real estate appeared to
depreciate. But the fact is this was more
apparent than real. Money WAS scarce.
and consequently had greater value than
formerly. when it was plentiful. Mer-
chandise fell in price, also. Should the
situation improve as expected next month
il is safe 10 predict rise in values, not so
much In inside as outlying properties. 1t
follows that a brisk business may be ex-
pected.
Umbsen's Real Estate Record of recent
date has this to say about the eity's streets {:
"The Mayors action in taking steps to
force the car companies 10 remove the
rails and restore the streets unused by
them to the city is highly commendable.
t,f f,l x,,ffh hna f.ra aF
law requiring tie car companies to keep
the pavements between their tracks in good
order will 60 far toward improving the
city. Some steps ought also to be taken to
put the downtown business streets in
something like fair order; at present writ
ing they are seas OF mud. Even the cross
walks are covered an inch in depth. Ger
tainly a change must be made if we hope
to faverably impress our Eastern visitors"
O'Farrell d Co. placed on the market half
the block bounded by Ell and streets, Elev-
enth aud Twelfth avenues, south OF Golden
Gate Park. Reasonable prices and terms
were asked, and the result is as follows:
Sold. lot on l street. 25x100. $3.50; on ii
street, 25xI00 $500; on Twelfth avenue,
streets are severed, curl bed, macadamized
and on the official grade.
Umbsen & Co. report the following sales:
532 Haight street, lot q :6X105, two-story
bay window house, 5000; two flats, 635-37
Eighteenth street, lot 2Sx112. $3.50; three
fat house ana lot, 25x10O. S2SA and b,
Eighth street, S9650; lot 25x114, north line
of Armv street, 10l 10 east of Diamond,
lot, S475; three-story Day-window resi-
dence, S26 Bush street, together with two
story rear house, lot 22:11X100, running
through to MuIford place. SO, 500; resi-
dence and lot. 20 Devisadero street. 81 :6x
1853; lot 25xll4. Hancock street, 100 feet
TNn "a nrnh
105 g, 2517 Larkin street. $1,000; lot 25x130.
Douglass street. 1SS north of Ocean House
road, 500.
Will E. Fisher & Co. report the following
sales: Lot east line Fifth avenue, 325 feet
north of Point Lobos, S1150; lot north line
Lake street, IS feet east of Second avenue.
Sll00; lot northeast corner Point Lobos
and Ninth avenues. S2SOO; lot east line
Howard street. south of Twenty-fourth,
$1,000; lot and improvements I'll ShOtwell
street, lot 60x122:6, 5000.
De Rochemont & Poehlman report the
sale of portions of two blocks at B street
and Twenty-first avenue for $4,000, and
Francisco, at S275. The property on b
street is 10 be fenced and graded and will
be offered in subdivisions on easy terms.
n. Ii. Lang & Co. sold houses and lots
this week eggregating S2S,6O0.
Troy & McNally report fair demand
for Mission property, and closed few
good sales this week.
Bovee, Toy IL Co. have opened branch
Office in Richmond, at Point Lobos and
Sixth avenues, and placed IL in charge of
L. G. Parker.
A branch office has been opened by
Fisher 81 Co. at Ninth avenue and ID
streets in Richmond.
Baldwin & Hammond will test the
market next Thursday with an auction of
fro ffai i1 60 inn
ments. homes or business houses.
Easton. Eldridge Co. will present
weIl-selected catalogue of miscellaneous
property at public sale Tuesday.
Building operations promise to be quite
lively during the closing weeks of 1898.
Wednesday last eight contracts as follows
for buildings at the Midwinter Fair were
recorded: Santa Clara County building.
$4,000; Alameda County building, $40. 900:
Scenic Railroad, $4,000; Mirror Maze,
$3.50; Hafford Museum, $1,000; Ostrich
farm, S1400; Colorado Gold Mining build
ing, $4,000; Mexican building. $4,000: South
ern California. S10.29l.
A mansion TO cost S13, 600 is to be built
at Baker street and Broadway.
On California street, near Jones, a
home will be erected at a cost of S12,OO
Seven retail stores are TO go up on
Seventh avenue. between G and ID streets !;
cost 5000.
Where the Metropolitan Electric line
terminates south Of Golden Gate Park two
houses will soon be constructed. This is
at Ninth avenue and d street, The cost
of both will be $1,000.
Other contracts signed this week are for
changes in dwelling ON Hubbard street,
$1,000; two-story residence on Grove, near
Lyon, $1,000; additions to n building on
Valencia, near Twenty-third, S25O0; three
frame stores on ID street, near Eight ave-
nue.. $1,000.