The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-07-15
REALTY BETTER.
Fair Business Reported by
the Agents.
FAITH IN CITY PROPERTY.
Review of the Midsummer Market
Shows Temporary Dizziness
With Good Promises.

In real-estate circles the holiday dizziness
running through all branches of business
is very apparent. And yet fair average
midsummer list of sales is recorded daily
although some agents will say that The
market is depressed. The real status Of
the situation is trifie better than weel
ago, and there seem to be abundant rea
sons why this Improvement should snow
itself after the holidays.
Owners of city real estate, not including
OF course the outlying properties witt
speculative values, do not wish to sell al
present, and the only people who Will re-
duce prices are those in financial difficulties
As there are not really more than few out
of every hundred owners Of city real estate
hard pushed for money, it will be seen tina
property is rather firmly held Every body
interested has confidence in the ultimate
enhancement Of values. The dullness
therefore, is consequent on owners gener
ally showing an inclination to keep theil
property and buyers waiting with the hope
of a further temporary diminuton OF
prices But there is little or no reason
to hope for further reduction at present
except, indeed, the inference that may De
drawn from dullness in all other branches
OF trade and commerce.
Any property that pays reasonable re-
turn on the investment finds ready sale.
The talk OF depression in prices is largely
Imaginative. though, of course, If an owner
of real estate wants to sell he must accept
q low price.
The only class Of property that is par
ticularly low in price now is speculate
land without much intrinsic value.
A prominent real estate agent says
Eo-.a i fasr ht,ci Hain hnf La
ments are hard to make on account Of the
banks not loaning money on mortgages.
The banks expect to begin l0aning next
week, and that will improve the con0ition
of the real estate market. Money outside
the banks is easier"
An advance in prices of land along D
street, facing Golden Gate Park, may be
expected presently. Already several gangs
Of men, with horses and graders appll-
ances, are cutting away the sand dunes
opposite Straw berry Hill on an extensive
scale. 4 months active operations at the
present rate of speed will complete the
grading of ID street from Seventh to Tween.
ty-faurth avenues. Then the Ferries and
Cliff House Company will run its trains
out to the lake. where handsome entrance
TO the park will be built by the railroad
company. Later on the graders will leYe
the dunes lying between ID street and
Point LoboS avenue, and, should the winter
lair be realized, this property Will make
lis owners rich.
Senator Fairs extensive improvements
on North Beach are attracting the attention
of buyers to the vicinity of Lombard, Fill
bert and Greenwich streets beyond Polk
street. There is IA difficulty to be over
come before the movement in real estate
in that section can be very large The
property is held in big lots. and if the
owners do not subdivide them to suit pur-
chaSers OF limited means there will be bui
little change.
1t is now definitely settled beyond dou BIT
that magnificent building is to be erected
on the old St. lgnatluS property on Market
street, between Fourth and Fifth. Pissis
u Moore, the architects, have been engaged
on plans for the structure for some time
past. They were instructed by the Par
% cost between $1,000, 600 and $1,000, 600
and IN the course of week their work viii
De finished on the drawings.
The structure Will be IN imposing one oil
splendid proportions and highly ornament
ed. In style 1t will be FlOrentine. or after
tbs Italian renaissance-hands0 anG
classic, with the severe lines Of the Roman
s0ftened to q great extent.
IL is not TO be so severely classic as the
Hibernia Bank building nor so ornate as
the structure at California and Sansoms
streets. Its height will fall only
trihe short of the Mills building
though it will have only sever
stories. the difference being reached il
head room of each story. AS yet the
owners have lot chosen between marble
and pale sandstone combination, or bricl
and terra Gotta or brick and granite. blu
either will be selected. An archway
thirty-two feet in height will lead from thu
street to an arcade in the rear, extending
back to Jessie street. The large building
will not be the full depth of the lot, mos
OF which will be covered by the arcade
erecting this ornamental building.
1t is reported that the Luning estate
will soon begin the erection Of big red
brick structure at Filbert and Battery
streets, and that other extensive improve
meHts are contemplated in that neighbour
hood.
Won Rhein & Co. will hold an auction or
July q OF property on Guerrero street, Pa
eldc Heights, the Western Addition, south
OF Market street and the Mission.
Some very good sales were made during
the week by Shainwald, Buckbee & Co.
including lot 70X137 IS feet on Broadway
between Octavia and Buchanan. for $40, 600
This was purchased by DR.. Hemphilll o.
Calvary Church for a residence site. The
corner Webster and McAllister streets, for
$4,000. There are flats and stores on the
lot. Also lot and improvements on south
side of Pine street. between Buchanan and
Webster, 50x137 10 with improvements
$50, co., and lot 10 feet east of Fillmore
30x100. south sine of Union, 5000.
Baldwin 81 Hammond report the sale Of
a Si7,500 dwelling and lot Oh Washington
street, near Laguna, and a $4,000 house
and lot on Walnut street, near Washing
ton. Among other good sales made b,
this firm were the following: Lot on west
side of Masonic avenue, north of Page
street. 25x19S, $500; flats on Devisadert
street, south of Waller, 25x116. $1,000
residence on corner of Pacific avenue an(
Webster street. BOXES, 1880; lot or
northeast corner of Fourteenth and San
chez streets. 75x100, $500; lot on nortl
side of d street. between Eighth ant
Ninth avenues, 26Sx100. $1,000; lot oil
north line of Fell street, west of Film ore