The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-12-02
"A NEW CONDITION.
!. 1t Faces Real Estate Men
+. This Month.
OUTLOOK FOR DECEMBER.
Prospects Have an Effect on the
Present.
=: MONEY THAT SHOULD BE HERE.
Millions of Local Capital in the
Northwest-B Building Notes for
November-SaIes.
MONEY THAT SHOULD BE HERE.

Real-estate agents find new condition
facing them at the opening of the last
month of this year. Usually the holiday
and rainy weather interrupt progress of
transactions in city realty, and this season
has not been an exception. Still with a
prospect of money distribution in January
d brisk inquiry Tor investment and resi-
dence property has sprung up. au0 con-
sequently the brokers are making prepare
tio1s Tor large increase In business.
we are getting ready Tor brisk mar
ket at the first of the year." said an agent
yesterday. AT present, however, business
shows marked increase over the last few
months, and this is also true of house
renting. We have had a good deal of IN
quiry for retail business properties and
have some Of these transactions under con-
sideration."
This statement represents the feeling in
all of the offices. and as many brokers be-
lieye that new order of things will pre-
vail 10 savings-ban methods after January
better times are expected.
The Hloernia Bank limits its operations
TO the city and Oakland, knowing that no
" DETER security can be found for its money
= As AN instance OF its desire 10 get into the
!, best places possible with mortgages, it is
stated that 100000 of its deposits are
Loaned on Market-street property, between
=. MONTGOMERY and Jones streets. Some
:. other savings institutions, 1t is asserted,
=. are not so anxious 10 remain at home with
capital. Nearly nlne-tenths of the money
deposited In these banks has been accumu-
:: lated by San francisco people. anu nearly
hlne-tenths, TOO, Is used to develop Wash
lngton and Oregon. In cities and lands on
the Puget Sound there are MANY millions
OF local capital, and this while San Fran
Al
:tefeSt:t0 loan on real estate. Real estate
men and others having the Interest of the
:. city al heart say that this capital should
obused IN LEGAL enterprises. Bankers con-
:tenu tnat San francisco receives the inter-
; est, but such would be the case anyhow.
=: Affairs IN Richmond are Frightening up
cons Gerabiy, and agents seem TO be giving
= hal District large amount of attention.
y ne MldWiDter Fair and raeetrack I'M
:prQNementS nave much to do with this.
j len. the SUPERVISORS awarded contract
for building sewer outlet last Monday.
his work will be commenced at once and
finished before January, when Richmond's
sewerage system will have an outlet TO the
ocean. Tie Importance of this action is
greater than many appreciate at present.
and Its influence on the district drained
should be plainly seen in a real estate
stir.
:. Forty -four building contracts were let
In Novembsss aggregatng $311, $50. La
comparise6' With the contracts for the same
moth. In previous years the Building
News gives figures as follows: 1856.
$685. 600; 1887, S4S7, 900; 1858, S94O. $50: 1850
s56G6IO; 1890, S734, las; 1891, $222' S7S; 1892
S345. S14; :. 1888 S311. S61.
The American Surety Company paid
$40, 900 lately for 1417 square feet Of land
on Broadway, New York. This is S2S5
per square foot. or about 500 per square
foot more than was ever before paid on
bn
for property In New York was for the
south west corner OF Wall and Broad streets
in 1884, which sold at the rate Of $780,
per square foot. The average price paid
for property on the best portion of Broad
way was $50 TO $40 square foot. This
for a 35X90 lot would be about $500 900. or
$4,000 a front foot Here in San Francis
co The following were the highest prices
paid per square foot: Lick House property,
fronting Oh Montgomery, Suffer- Post and
Lick alley, within 40 feet of Markets rect.
$40 a square foot; the HibernIa Bank.
corner of Market and Montgomery streets.
60x62:6 IN size and therefore nearly ali
front, S8oz3 square foot; the Chronicle,
corner OF Market and Kearny, nearly $50
a square foot.
Baldwin d Hammond have subdivided
=; the Green wood block, bounded by Califor-
MA; and Lake streets, Fifth and Fourth
avenues. and Will offer the lots On Mon
day at prices ranging from $1,000 to $500.
The terms are $50 cash, balance in
monthly payments, per cent. The same
FIRM has prepared a catalogue for auction
on Monday. 14h inst. including: Lots on
Seventh avenue. 123 feet from entrance to
park. California street. near Kearny,
three-stoTy brick build Fremont-stree
investment, rents $50 s,Saonth; execn-
tors sale. Outside Lang sex 1864 24Ox6OO
feet; executors sale, residence AT 1924
Suffer street. lot 6S :9x120 or 34:4hx120:
choice building lots, Fulton and Lyon
streets; residence, 40S Ellis street, with lot
;: 52;exi20; vacant lot. 25x75, First street, So
feet southeast OF Minna.
.>,. ShainwaId. Buckbee & Co. sold the
southeast corner of Pacific avenue and
Deyisadero street. 90x127:8 feet. to DR..
Eiinwood for $1,000. A family real
dence will be built on this lot at once.
:. Fisher & Co. have sold ffty-eght lots in
their Holly Park Tract on the installment
plan, which has been found very popular
among poorer people who want TO own
homes.
0'Farrell g. Co. are interesting them
selves in property near the Olympic
grounds. south of Golden Gate Park.
They have adopted the installment
method Oh this particular land and find it