The morning call., 1893-10-14
New Capital Is Investing
in City Lots.
IMPETUS TO THE MARKET.
Reasonable Indications for a Fair
Bus mess in the FaIl-Building
Is Active and Improving.

too evident inclination among property
owners to hold up old values while intend
ing purchasers are waiting LOT Detter
terms. The result is comparatively
Quiet state of business in realty circles.
Between buyer and seller the agent IS
compelled to use very good judgment and
considers it fortunate to close the gap
which almost invariably exists In real
estate transactions. In spite of this con-
dition business is slowly and surely feel
ing the impetus of new capital and
healthy desire for investment In city
property. While it cannot be said that
demand for realty exists there is salts
factory inquiry which encourages brokers'
and creates an opinion that the fall move
ment in inside and residence properties
will be quite lively.
The Midwinter Fair is having an appar-
ent influence on land in its immediate
vicinity north and south of Golden Gate
Park. 1t has more than inspired conn
dence in this property. IN TACT, started
small boom, which may be- expected 10
have an effect on land lying further away
from that directly benefited. The fair
enterprise is sufficient example Tor emuia-
tOn by private capital. and SO tnere are
strings of buildings. either IN course OF
construction or CnuLeulpldliop, ou sHo
streets adjacent to the park.
Real estate is largely dependent on the
condition of the money market For that
reason a good business in the near future
may be expected, as feeling OF safety
has grown among savlnes-bank people.
The Hibernia Bank Is receiving more
cash than it pays out in Withdrawals And
in addition to paying off deposltors ola
loans are carried on at Z per cent ana
soma small loans are MADE 0dllV.
"It is better to loan money in these
small amounts" said James r. Kelly,
president of the bank. yesterday. ut does
more good and helps several people, while
a large loan would only accommodate one
person. We have ample gold in our vaults
however, we don't look for. When term
deposits become due there will be money
enough to meet demands.
The payment of taxes will take a few
millions out OF property-owners' pockets.
The money must necessarily come from
where it is needed at present. anc conse-
quently realty will feel stringeDcy in
capital temporarily. Regarding these
taxes and equalization methods, Magee's
Real Estate Circular for October has the
following comment:
In New York State, as In California. the
State Board OF Equalization seems to sit chiefly
TO add burdens TO the large city. The City Tax
Commissioners of New York City lately pub
lished the following on this subject:
1--WE pay about half Of the whole State tax,
and notwithstanding this, and our annual In
creased assessable valuations for taxation. the
State Board of Equalization adds to the burdens
of the taxpayers OF this city by increasing the
taxable valuations. We have been called upon
TO raise for State tax In 1892. S2,398, 504 81 !;
In 1898, S3.541 1866 10. New York City is
willing 10 pay its just share of the state AK,
but Is unwilling s9stsey to f to The in
seemed willing to put upon II, evidently in Tie
end to call upon this city practically to pay all
the taxes of The State. We have again made a
strong showing to the Stale Board of Assessors,
and we propose fighting this fight on this line,
and with the help OF the State Board of Asses
sors and the Mayer, we hope TO attain addition
al good results for the taxpayers of this city,"
For once the Stale Boara OF Equalization has
not raised the taxes on San Francisco. Ii some
OF The members had their way, though. the
usual raise would have been made, In spite OF
the general business depression and shriDkage
| in real estate. and the large number of vacant
offices and houses here, besides the almost e.
eral reduction in rents. San Francisco forced
Los Angeles to vote her way by proposing a
marked raise in Los Angeles city real estate
taxes. BY this means the majority voted
| against raising the rate on San Francisco.
The tract recently transferred by r. w.
| Tansill of New York to Baldwin & Ham
nond will be offered at public auction on
November 2. 1t is bounded by C and D
streets and Fifteenth and Seventeenth
avenues, in Richmond. The sale ought to
| be successful, as the lots will be sold at
whatever they bring and on terms of S25
cash and balance in monthly payments of
| SO with interest.
| Building operations are more numerous
now than for many months, and appear to
be on the increase weekly. Besides ordi-
| nary dwellings and store buildings IL is
announced that $4,000 will be expended in
alterations of Grant-avenue restaurant,
| $4,000 on property at Broadway and
Buchanan, and $4,000 on mausoleum for
| Mrs. Fair at Holy Cross Cemetery. The
Parr0tt buildings are on the way. Frame
buildings are springing up like mush-
rooms on d street. and in many of the
select residence localities rows Of costly
| homes are in course of erection.
| Out of the large number OF transfers
made this week only few bad the real
con sideration stated. and as hey may be a
basis for values they are given here:
| John }. Brady to Mary Brady. lot on
east line of Hampshire stleei, 25O feet
north of Helena, north % by east 1O0 lot
| 116 Silver Terrace, lots 209. 211, Gift Map2,
lot on south line of Brunswick street, 17S
feet south of humboldt, cas-; SO by south
427; $1,000.
S. S. G. Dragoman ovich and wife to De-
menico Depaoli lot on east line of Polk
street. so feet south Of FilDert. south % by
east 100; S2500.
D. Perry and wife to San Francisco Lum
street, 21S feet north of Sixteenth, north
so, west 124. southeast to point. east ia :;
$500.
William A. Brown to Elizabeth F.
Brown, lot on east line of Guerrero street,
22S feet north of Twentieth, north SO by
east go; S3634.
Bridget DAILY to Annie F. z. Ruffin, lot on
south line of Broadway, 1876 feet west of
| Leaven worth street, west 20 by south 60 {;
| S 1900.
Baldwin & Hammond report the sale of a
residence and fifty vara lot at the northwest
corner If California and Octavia streets,
S57, 800: also lot 24xS0 feet on the north
east corner IF LaguEa street and Ivy ave.
nue. for $3.50, and number of small lots
ON De Haro, Kansas and Rhode Island
| streets. near the Potrero.
| The following properties have been
transferred at prices given: The property
| on the northwest corner of Broadway and
Dupont street, 1876 on Dupont, feet on
Montgomery avenue and 47:6 on Broad
way has been sold for $4,000; the prop
erty on the east side of Steiner street, so
south of Hayes. 25x106:3 in size. has been
sold for $3.50; the property on the south
side of Point Lubos avenue, 1916 west Of
Eighteenth avenue, 25x100in size. has been
sold for 1925; the property on the south