The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-07-29
"TO LET" SIGNS.
They Are Disappearing
Very Rapidly.
REAL ESTATE is QUIET.
A Demand for Houses and Residence
Lots Keeps the Market Alive.
Building Associations Notes.

The real estate market continues to feel
the dizziness of trade. There is littIe or
no change TO nole in the situation since
asst week. Buyers arr huding back at
their own estimates of values. and owners
quite as firmly keep to the rs. The re-
suit Is gap that must be br dyed before
property sells freely. and if no wish to
agree on terms be manifested it is quite
likely that property will eventually find
its true level, in which case it may
presently be presumed that the buyer will
he in the best position.
Still leOpe are paying up mortgages.
and there are no hig foreclosures as were
expected. The savings banks renew many
mortgages and keep on receiving interest
AS before. indicating thereby confidence
in San FIR ncisco real estate, and that
affairs are in fair condition despite the
monetary scare.
The belief seems 10 prevail that out of
the financial mess the best rart of the
country will win. and as it goes without
saying that California is pretty we'll up in
the front it is easy to infer that San Fran
cisco realty has good future.
Renting houses has kept the agents busy
this week. and the demand for houses con-
tlnueS, improving from day TO day. This
is regarded as a splendid sign, for it proves
the city Is not going backward. Buying
small lot. for homes has been fairly active.
Indeed real estate transactions are confined
to this class OF business. Money is alto
gerher too valuable now for speculative
purposes
THE demand for houses is very active"
said Mr.. SO, ntag of Shainwald, Buckbee
& Co.
''We are renting more houses and flats
than for many months past. and in fact We
are short of residences to accommodate the
demand, which has improved wonderfully.
Evidently people are returning from TIE
country and others are making their
homes here"
Baldwin u Hammond find a good inquiry
for lots in Richmond and other suburban
districts from intending home builders.
The auction sales this week had a good
representation of purchasers and bidding
was fair, but prices were somewhat below
the sellers expectations and some Cliff
Guilty in bringing buyers and sellers
together was experienced. In MANY cases
ii failed, even when $50 stood in the way
on property offered at $500
1t is a remarkable fact that while banks
have failed all over the country there is
not a single authenticated case of build
| ing and loan society going to the wall in
he financial disturbance. There are
twenty-five building aud loan associations
in California and some 5000 in the United
States aud they represent large prCpOr-
ton Of the naiIon's solid wealth. Savings
| banks have endeavored TO prejudice thrifty
| people against these associations because
Of conflicting interests. In this present
crucial test. however, the building and
nan plan has successfully refuted all
| arguments against it and more than ever
commends itself to poor people struggling
to build homes.
A. Fisher and William A. Spaulding, the
newly appointed Comm issioners Of Build
| ing and Loan Associations. have begun
work in their office. What they will do in
| examining the various institutions will be
| watched with interest.
Plans are being prepared for $50, OOC
building for A. Chichizola at 800 Pacific
| street.
Contracts as follows were recorded dur.
Golden Gate avenue. near Scott street.
$1,000; frame hotel at San Bruno station
| for r. Cunningham, $1,000; stores and flats,
Fulton and Devisadero streets for |. W.
| Tamm. 5000; two-story dwelling on San
Jose road. S2554; dwelling. Belvedere
street, near Frederick, S2o25; dwelling,
O'Farrell. near Franklin, S5762; dwelling
Franklin, near Pine, $3.50; dwelling
northeast corner Of Chestnut and Mason,
$3.50; cottage, Bryant near Twenty-sixth
$500.
A rame dwelling of three stories is to
be bull; on Broadway. east of Mason, at a
cost Of $4,000.
A block OF two-story frame buildings,
arranged as fits, is to 60 up on Francisco
street. west Of Powell. The frontage is
100 feet. and upon it will be twenty-six
| fats. 1t is estimated that the cost will be
| about $4,000
improvements on Waller street, near
Fillmore, are in progress. and also near
Devisadero, the total cost of which will be
$500.
| The California and Nevada Land I'm.
prnvement Company was Incorporated yes
terday for the avowed purpose of reclaim
ing and cultivating lands and dealing in
real estate. The capital stock Is $1,000
0OO The directors are: w. G. Wiiter, Nj.
NJ. Estee. William Hamilton, A. c. Hamll-
ton and K. NJ. Gorham.