The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-19
AN EASY MARKET.
City Realty Is Feeling an
Improvement.
NO WANT OF CONFIDENCE.
Agents Report Good Inquiry for
Real Estate, but Say Buyers
and Sellers Don't Agree.

The money market being a trifle easier
real estate is beginning TO experience an
improvement that makes the situation
quite hopeful. A better feeling exists,
and the demand for city property is IN
usually heavy for this season of the year.
Indeed inquiry among the large real estate
houses is as good as ever, and there does
not appear to be any depression in San
Francisco realty. Taking into consdera-
ton the well-known financial stringepcy,
which OF course has had its effect on the
real estate market, this is a satisfactory
sign. 1t shows for itself that there is no
lack of confidence In town lands as an in
yestment.
Prices, however, are held up very stiff1y.
There is scarcely enough property offered
at prices that are marketable. from which
the inference is that DO depression exists
in realty through its own merits or de-
merits But on the other hand buyers ex-
pect 10 get bargains, even as low as % per
cent below present values. Some OF the
best agents declare that nothing like
condition justiiying bargains of this class
is in the atmosphere.
There is solution apparent for such
difficulty as this, arising. no doubt, from a
wrong impression of the situation. H.
tending buyers and sellers should be
guided by the house transacting their
business. Inquiry is so great now if people
do not buy PRESENTLY at prevailing prices
there will follow an Increase in sixty days.
A large business could be done IL buyers
and sellers would only agree on a clear
view of the situation. and not look for too
much either way.
Many institutions have gone to the wall
in the past sixty DAYS, while not q single
building and loan association has had to
close lis doors. In fact, history goes to
show that through all the tight money
associations have stood. The only failures
recorded in the country have been the
direct cause of dishonesty.
There are in round numbers about 125
building and loan associations in this
State, with assets of about $4,000, 900,
nearly all of which is loaned in small in
stallmeDts on first mortgages. and from the
fact that every thirty days each borrower
Is obliged to pay portion of the principal
as well as the interest on the loan, these
loans become safer each month as the
borrowers liability decreases.
In the building line IL good business is
noted, as for instance the total IF contracts
let from August 1 to 10 is 1927, 1862 for
forty-eight contracts. For the same period
last year there were forty-nine contracts;
value S243654. With little better money
market this season would lack nothing in
comparison with previous years just
past. AS it il, however, many contracts
are not being hurried. and plans of pro-
posed bLildiDgs are waiting for turn In
The tide.
A handsome residence to cost $4,000 is
to be built on California street, near
Franklin.
The following contracts were closed
during the week: Two-story frame build
ing on Thirtieth street, near Sanchez.
$1,000, cottage on Eureka street, near
Twentieth, $500; twO-story tenement, San
Carlos avenue, near Eighteenth street,
$4,000; Swedish Evangelical Missionary
Church on Jessie street., between Sixth and
Seventh, $4,000.
Three flats to cost $4,000 are to 60 up on
O'Farrell street, near Octavia.
Jacob Heyman reports the sale of five
lots on Elizabeth street in his tract on
Corbett road al $1,000 each. two on Cort-
land avenue $500, two on San Jose road
500 and four in the Alyiso Tract, Oak
land, 500.
Won Rnen & Co. have issued cata-
logue for an auction to take place next
Thursday week. Twenty water blocks on
the northern bay shore and property on
Clay and Merchant streets. close to the
water front. are on the list.
Sol Ge,z & Bro. report the following
sales: 50x120, on west line of Twentieth
avenue. 80 feet north of K street, for
$500; 50x120. on east line of Twenty-third
aveuue, 800 feet north of l. street. for $500:
50x120, on east line oil Thirty-sixth avenue,
225 feet north of Z street, for 5000; 25x120.
on east line OF Twelfth avenue, 175 feet
north Of j street, Tor $1,000; 25x120, on east
line of Thlrty-Sixth avenue 375 feet north
of ID street, for $500.