The morning call., 1893-09-16
PRICES ARE LOW.
City Real Estate Cheap at
Present.
THE STIR IN RICHMOND
improvements and Streetcar EXten-
sions Inspire New Confidence in
Land North of the Park.

The situation in the real-estate market
| remains unchanged since the 1st inst.
Though money in active channels of trade
has grown more plentiful In the same
period apparently little can be spared for
buying real property. The savings banks
managers maintain that lack of due con-
hdence is felt by these institutions and
consequently money is conSerVatiyely
andled where otherwise it would be dis
trlbuted on good average securities, such
as city lands of established values. Little
cash is loaned on mortgages. except to
patrons OF the savings institutions.
80 long as this state of affairs exists busi-
ness In realty will continue slow, but then
IL ls time when many rare opportunities
to get bargains present themselves. In
deed, city real estate is as low now in price
as 1t ever will be in all proba bility. And
yet from the large number of daily in
qulrles around the agents offices it is
noticed that many result in no sales. The
reason for this is people form their own
estimate Of what property should be sold
for, and then wait in expectation of seeing
prices reduced. When the expected time
will seem at hand savings banks will once
more be loaning on land and improvements
with their former liberality, and instead of
reductions in values higher prices will
prevail.
The property with encouraging pros
poets n the immediate future is no doubt
hat lying north of Golden Gate Park and
south of Point LobOs avenue.
Along ID street grading is being carried
on with dispatch as far as Straw berry
Hill. Different streetcar lines will extend
their tracks out through this district TO
reach the Midwinter Fair, and afer six
months Use of these extensions it will be
found profitable to continue travel over
them.
The property Of r. W. Tansill In the
Richmond district. in the Immediate
vicinity OF the park, consists of about 100
lots, and includes practically the entire
block facing on ID street, between Seven
teenth and Eighteenth avenues; also a tier
OF lots on Nineteenth avenue, between b
and c streets. The remaining lots are
scattered IN groups of six and eight lots on
b, & and ID streets, aud on sixteenth, Sew
enteenth, Eighteenth and Nineteenth ave-
nnes. The property has been bonded by
Baldwin d Hammond, who will at once
place 1t on the market At low figures ana
very easy terms. The improvements
steadily being made in that dstrc, and
the extension OF the various car systems
into Richmond in the vicinity of this prop
erty, enhance the speculative value of the
properly 10 IL ueRIce tUaL Is uiIlcuIt 10 az
curately estimate. 1t IS thought, no oweyer
that It's value is in the neighb0rhood of
S65,OO0.
William J. Dingee, the Oakland real
estate man, will sell at auction to-day In
Alameda fifty lots in that prosperous
suburb. The property is bounded by
Buena Vista, Clement and Boulevard
avenues and Willow. Walnut and Mulberry
streets. adjacent TO the two railroads. For
suburban residence sites this property is
well worth examining into by persons
seeking place to build across the bay
The street and sewer work is com plete.
aud as an additional attraction easy terms
are offered by the vendors.
Won Rhein IL Co. have arranged
catalogue of choice properties for sale at
auction on the 2Sth inst On the list are
eight lots on Howard and Capp streets,
between Twenty-secOnd and Twenty
third. and bounded on two sides by Baron
Won ShrOeder's houses; also the house oc-
cupied by Thomas Bell at 1107 Bush
street
The following contracts for building
houses were made during the week past:
Cottage on California street, near Sec
ond avenue, S1lS5; ID street, near Eighth
avenue, frame building. $500; Fell street,
east OF Steiner. dwelling. S4470; Pierce
street, north IF Waller, dwelling, S2975;
HaveS street, west of DevisaderO flats.
$500; julius street, near Whiting dwell
ing, $500; Eighth street, near Minna.
stores and flats, S3270; plasterIng on build
ing at California and Drumm, $3.50;
dwelling on Union street, near Taylor,
S659S.
A residence TO cost $4,000 is in course
OF construction on California street, near
Van Ness avenue.
The block bounded by Steiner, Pierce.
Sutter ana Post streets is to be improved
IN very pleasing way. A number of cot
tages will be erected there for rental pur-
poses by c. c. Butler, who owns the prom
erty. Mr.. Butler intends to begin with six
cottages, and when they are rented to build
others adjoining. At present teams are
hauling away the big sane hill, and men
are chOpping down the big eucalyptus trees
to make room for the proposed improve
ments. People in the vicinity will hail
with delight the prospect of these I'M
prOvementS. as some change may then be
expected IN the sidewalks on Suffer- Fill
more, Steiner, Post and Pierce streets, all
Of which are in a shamefully dila pidated
condition.
Center q Spader have formed a copart-
nership. succeeding the firm of Center,
Jackson d Spader. which was recently
dissolved on account Of JacksOn's uncnre-
mOniouS withdrawal to foreign parts. The
new hrm has already ample evidence of
the confidence people place In them.
Sol Getz 81 Bro. report the following
sales: Lot 25X100 on south line of street.
50 IS feet east OF Twelfth avenue. for S11OO:
lot 50xf20 on east line Of Thirty-sixth
avenue. go feet north of K street, for 5000:
lot 25x120 on west line of Thirty-seconu
avenue. 100 feet south of j street, for $500.
lot 50X100 on south line IF r street $40
feet west of Twenty-ninth avenue, lur
$500.
ENANJc AMI coArrAc DD