The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-06-04
REAL ESTATE.
Lots of Buyers of Business
Properties.
The Sales of Month-The City Is
in an Excellent Financial
Condition.

In his Real Estate Circular for May Thomas
Magee gives some interesting Information re-
gaidlng The condition Of the local real estate
market and kindred subjects. The market,
MIR. Magee says, is rather du, but there are
plenty of buyers for retail or prospective re.
tail business properties. Large savings-b bank
depoSltors are inclined TO invest In good IN
come property. Owners as a rule hold out
with stiff prices. There are a great many
people waiting for prices TO go down. aud as
fast as bargains come in they are sold
III bank dividends decrease, as they
probably VIII, more money will be invested in
real estate. The total number of sales for the
month OF May was AL, Of the total value OF
81, 155,679.
REAL ESTATE SALES.
The proneriy on The north side OF Chessney
avenue, 800 feet east OF Mission street, 25xlO0
In size, has been sold for s110O.
Ihe property on The northeast side of Sew
enth street, 1889 feet southeast OF Howard,
56:3X9O In size. has been sold for S12 900; not
YET of record.
The property on the east side OF Clayton
street, 10 feet south OF Page, 5oxl37: 6 less
l. In rear 25X25, has been sold for $4,000;
price put In deed SO.
=, The property on the southwest corner OF
Turk and Stanyan streets. 80 feet on Turk
street by l27 den aud Go feet Stanyan, has
Deen sold Tor Sl325; not yet OF record.
ne property ON the south side of Thirty
iourth street, 100 feeI west OF Mission, 25x1 90
record.
The property on the south side of Geary
stieel. 81 Is feet east of Taylor. 25x137:6, has
ceen SOLD Tor $4,000; not yet OF record.
Inc property on the east size OF Clayton
street, 81: &c feet south OF Page. 25x137: IS in
SIZE. has been sold for S235O.
Tost Stieet has been booming lately. The
Vacan lot On The south side, between Grant
avenue and Stockton street. 45:1ox6O, has
peen SOLO Tor $4,000, The north side OF Post,
west OF Powell, 3G:6x137 :6. and l. In rear COX
20: 70, has been sold Tor $4,000. There is a
I3ur-sto,y brick building on the lot. The
EeIeln Emf chit noperty on Post street, near
SlncklOn, 81 :6Xl37:6 IN size. has been sold for
500 900. The old building will be torn down
ana hye-Sinry brick building erected in us
pitce The ParrOtt property on the northeast
corner OF Post aud Powell has been leased for
~: per cent on $500 900 for TIL. land and 8
pei cent on the actual cost of the buGin O.
Inc building will he three-stOry brick. Tie
lessee e&neetS 10 get $500 month for the
stores, 2Ox.25 and Is feet high. on Post street,
anu SOU mon II Tor the corner. There Will
De TWO entrances. one on each STREET.
Inc properly south side Fell street. SO west
OF Laguna. 25xl37:6 in size has been solo for
S6Soo; price put In deed $40.
SAN FRANCISCO SECURE.
Every day the telegraph tells OF new failures
IN thlS county and abroad. Confidence has
o. en- destroyed III australia by The INN. Sc
ialIufes there. This caused many smaller banks
~ LEMON 10 collapse. In tile Eastern States
iiliu'es are OF daily occurrence. The cause of so
many failures there is owing 10 the fact that toe
MA silch thing "a noe brokers selling com.
mefclal paper is unknown. The trouble ia the
East IS mat business men are allowed to Dor.
row all their capital viii warrant from
The bank with which they do busi-
ness NOT satisfied with this the note
Dloker VIII solicit for their notes. Offering to
sell them. Thus the merchant is tempted TO "a
more business than be can safely manage. In
Sooc times, when money Is plentiful, thesr
notes can be sold and resold; but when money
Is scarce his broker is unable 10 float this paper
Tor him.. When money becomes close as n
now Is IN the East. he Is called upon TO nay
these notes, ana If lie cannot meet them failure
follows. ln San Francisco the merchants dc
their business almost entirely on their own
capital Thus, WHEN hard times come they
have 10 floating paper 10 meet. San Francis &c
IS 10 be congratulated upon the conservative
manner ia which tie merchants aud business
men conduct their business.
HOW TO BUILD A TOWN.
Three years ago solid company purchas ed
TIE Ihrockmortoa ranch in Marin County con.
| sistlng OF $4,000 acres OF land. This company