The morning call., 1893-11-25
Real Estate in Sympathy
With the Banks.
WHY PROSPECTS ARE GOOD.
The Market Has a Firmer Tone
This Week.
REVIEW OF OCTOBER BUSINESS.
Sales Increased to a Remarkable Ex-
tent-What the Savings Banks Have
Done Regarding Mortgages.

The prospect of banks loaning money
and paying dividends and term deposits
has already good effect on the real-estate
market. This was more apparent in the
last few DAYS when it became known that
because money was so easy many savings
banks had decided to open their purse
strings and let the golden coins flow out
again. The situation was fully presented
in THE CALL of yesterday. 1t is very
hopeful one. and none appreciate it more
sincerely than real-esta:e men. TIE saw
ings banks are the backbone of realty
markets. They set the pace for move
ments in city real estate, and when banks
tighten the reins real estate moves slowly.
When, however, the banks are LIBERAL with
money the realty market reciprocates with
a sympathetic feeling. So. of course. the
market is assuming hrmer tone, inquiry
Is better and some spectators are begin
ming TO look for opportunities.
According to the statistics compiled by
Edwards Criterion the sales for the month
OF October show an increase of 5000. 600 in
value over those for the month of Septem-
ber, aggregating SS5O.OO0. There were 211
releases recorded. aggregating SS07. .073 n,
of these amounting to S110.618 were made
by Individual lenders, and ia amounting
to S649. 075 by the savings banks.
There were 242 mortgages recorded dur
ing the month OF October. amounting to
S763, ,618. This total is exclusive of mort
gage for S500.000 by the San Francisco
Steam Company TO the California Safe
Deposit and Trust Company, and deed of
trust which was recorded twice from the
Southern Pacific Railroad Company to the
Central Trust Company of New York for
SIS, 900, 900.
The Hibernla Savings and Loan Society
raa0rnQ1 fQrEV-aavan IN a m N nj mo-
to S197.04l. All of these were at per
cent.
The German Savings and Loan Society
and San Francisco Savings Union and
Humboldt Savings and Loan Society
placed few loans for small amounts.
The French Savings and Loan Society
recorded two mortgages, both at 9 per cent.
The Columbus Savings and Loan Society
recorded three mortgages. one at 8 per
cent and the other two at per cent.
The Union Trust Company recorded a
deed of trust for $1,000.
Four of the banks recorded m ortgages
at all. The total number of mortgages re-
corded by all the banks was sixty-eight,
amounting to S266,39
The Building and Loan Association re-
corded thirty-three mortgages. amount tin z
to S99. 750 the two largest being for $4,000
and S10,500 respectively.
The following is a summary of the sales
recorded during October: Western Addi-
ton S4S6, sos, Mission blocks $50, 200,
Horner's Addition S36, 500. 5O-varas S97.-
S55, 100-varas S29. $50, Potrero Nuevo 5000.
Richmond So. .250 Southside $40. 525, South
San Francisco S5275, homesteads and mis-
cellaneous SIT. 200. Lakeview and Sunny
side S15,550; total, SS47,113.
Property-owners have only to-day and
Monday In which TO pay taxes on real
estate. After P. NJ Monday a penalty of
15 per cent will be added ON bills then un-
paid.
Easton. Eldridge & Co. have selected a
catalogue OF miscellaneous property as
follows for an auction sale next Thurs
day: Trustees sale. residence and 5O-vara
lot on the northwest corner OF Eddy and
Cough streets; property at 313 and 3l5
franklin; Western Addition flats, III and
119 Pierce; Sutter-street residence. 1881
Sutter; Mission large corner, northw west
Florida and Twenty-fifth; Sutter-street
lots, south line of Sutter: Mission cottage
home, 326 TweDty-seventh: Holly Park
cottage. south line of Richmond avenue.
east of Holly; Paramount Tract lot, north
west line of Chenery, northeast of Palmer
five lots, southeast Of Old Hickory and
Schuy ler streets.
Sol GetZ & Brother represent they have
made the following sales this week: Lot
25X120, on Eighth avenue, 125 south of n
street. $500; lot 25x100, on r street, 81 6
west of Twenty-ninth avenue, $3.50: lot
50x120. on Forty-frst avenue, IT'S feet
south of P street, $500; lot 80 6x1OO. on
northwest corner of Fourteenth ayeuue
and c street, $500; lot 25x12O, on Thir-
teenth avenue. 175 south of Lake street.
$500.