The morning call., 1893-09-02
REALTY is STIFF.
Though a Quiet Market
Values Keep Up.
ACTIVITY IN RICHMOND.
Little Change to Note in the Real
Estate Situation = Building
News for August.

For the present it must be admitted tnat
the real estate market maintains typlcai
midsummer Quietness, although that sea
son has already passed. The situation re-
mains practically unchanged, except that
better times for realty appear nearer as
time advances. The quietness Is only
temporary. Among the shreWdest real
estate men it is safe to say the majority
have invested in city property. Every
spare dollar they can command is placed
in realty despite the cry of dull times,
which is proof enough that they have an
abiding faith in city lands.
Though the market is quiet all deal
ers in realty agree that real estate is
"stiff''-a word which means a great deal
as it conveys the idea of confident feel
ing and belief that town lands will al
ways be safe for the amount invested. AS
soon as money becomes easier and trade
picks up there is every reason to hope for
renewed activity in the real estate market.
A stir is noticed in Richmond property
Immediately north of d street.
This comes, of course, from the improve
ments and grading now being pushed for
ward along d street. The Powell-street
cable company will run its steam line
westward on this thOroughfare as far as
Seventeen th avenue, and holders OF prop
eTty along the north line of the street Will
either build or sell in a ready market.
The proximity of the Midwinter Fair will
enhance land values, and tt is probable
that some buildings for saloons. restau-
rants and boarding-hOuSes will be erected
there. Meanwhile an effort will be made
for the south side. where an increased ac-
tivity may be expected. Ii the fair ac-
compIishes no other end than making peO-
MI fon tuIt
side it will have accomplished something.
The fair is regarded as an enterprise that
will affect San Francisco by creating a
stir, bringing people here and advertising
California. Whatever affects the pros
perity of the city must certainly have
decided influence on realty, and as the fair
will help San Francisco it is inferred that
real estate will be benefited in proportion.
During August seventy-nine contracts
for buildings were signed, making total
of S405, $40.
The month was quiet in building, largely
because money is still held conservatively
by bankers. Following is q summary of
August contracts: 1887 $3.50. 900. 1883 S441.-
roo 1889 S95S. 500 1890 81, OH. .432, 1891 $780,
ATS, 1892 S616,087. 1893 S405 519.
Meanwhile plans are in preparation by
the architects amounting to S528, $50, none
of which have yet been recorded.
Pissis d Moore have awarded initial
contracts tor the Parrott building at Post
and Powell.
The following contracts have been
awarded: Two-stOry frame building, north
west corner OF Day aud Sanchez streets.
5000; Fulton street. 10 west of Octavia,
three-stOry house, SS065; two story frame.
Twenty-firSt street. neal Dolores, S2SOO;
also on the Union Trust Company's build
ing at Market and Montgomery streets,
stone work, S36, Cocoon crete, ETC., $50, 0GO;
cne-story frame on Ociavia, near Vallejo,
street, near Schrader, S7263; four two
story frame buildings for tsnements and
stores. corner East and FiibePt streets, ETC.
$3.50 cottage on Bryant avenue. near
Twenty-fitth street, S1259; four fats on
B0yce street, north Of Point Lobos avenue
S3000
Although work is not brisk in architects
offices there is considerable in view,
among which may be mentioned important
contracts as below:
n. 5. G. w. Hall. $4,000; DR.. Buckley,
S65.000; San Francisco Verein, $50. 600;
Tn on Trust Company, S2O0, 900; CaIifor-
MIA and Jones streets. apartments, $500, 900;
Parrot. Market street, S1,0000O0; Me-
chanics' Institute, 100000; French Hos
pital, S16O.OG0; Post and Leavenworth
streets. $500, 600; total, So, 745, 900. In ad- |
diton to this there Is a great deal more in
light work under consideration.
W. j. Diugee will offer to-day in Oak |
land thlrty-nine choice lots in the Sather |
1TacI across the Day at auction. The |
Sather property lies on the direct line of |
the Piedmont cable road. 1t is easy of |
access and offers many attractions for
suburban home-seekers.
G. II. Umbsen q Co. report the follow
ing sales: The vacant lot. 26 :6x105 feet |
on the northwest corner of Thirtieth ana |
Sanchez streets; sold for $1,000; deed not |
yet OF record. Vacant lot, 2JxI22 :6. on |
west line of Treat avenue, 22S % feet north |
of Nineteenth street; sold for $3.50; deed |
not yet of record. improvements and lot |
6S :9x70 on the southeast corner of Ellis |
aud Steiner streets; sold for $3.50; consid- |
Grafton in deed $40. Vacant lot. 25x114, |
on north line of Hancock street 100 west
of Church; sold for 1915; deed rot yet of |
record Lot 75 feet on Market street, run
ming through To Ridley and fronting 70
feet on Ridley, with an average depth of
105 feet; seld for SIS, 600; deed not vet f
record. Cottage and lot 25x72 feet, 426
Waller street; sold for $4,000; consdera
tiOn in deed So Vacant lot. 50x137 Is |
feet, on south liGs of Oak street, 131 :3 teet
west OF Scott; sold for $3.50; deed not yet
of record.