The morning call., 1893-04-01

street cable lines pay handsomely. some of the
daily papers think that all streetcar lines ayJ5
most profitable concerns The ct however, is
the reverse. The Ferries and CHI Jack son and
POwelsJree) lines have never paid cent OF
dividends. his system could have done so be-
lore llS but thai It's lines run through Districts
OF the city, westward, where street improve
ments Of the most EXPENSIVE nature have fur
Three y"ars been continuous. Btumlu Gus rock
pavement has been laid for miles along the
streets through which that roads lines run. Ii
Is, Ike all other roads. required IL DO all street
work between and for two feet on eacE side nf IFS
tracks Ii has spent S15o,OOo for street work
within three years. Owners on the line of TINS
road have thus had their street assessments that
mucn HgItered. besides the addition of cheap aud
rapid travel. Meantime, the OekhOders have
NOT yet made 4 cent OF profit while lots out by.
and beyond Central avenue have gone up 800 20
900 per cent, chiefly through the rapid and cheap
communication the road afforded. For these ad-
Vahiages owners not only did not pay D..
a cent of subsidy, but in some cases
even made the company grade The whole of the
unopened streets at Its own expense. One very
large owner, too, asked $4,000 for lot he
thought the company must have, but II secured
me Iot Just or Osite, OF nearly The same SiZs Tor
$1,000 The UnOn-street line is pRying no diYl-
dends. but has just expended $3.50 600 in eXIen-
siOns. The Geary-sIreet cable l. paying diyi-
dend occasionally only The Omnibus is plying
nothing and the electric road has of couI>e,
pald no profit Yet no city in the world has,
since the transfer system was inaueurated be-
tween the cable lines, such cheap and perfect
transportation as San Francisco Vacant lot
o"nrfs, specializing In values which they never
created. and intent only on doubling up prices
on buyers, Keep urging further road extensions
aud still cheaper riding from streetcar COM
pahles, who without pay or subsidy. have given
TO their land tina value ii now has. These owners
pnrposely ignore the fact that capital does nor
build 10 DIS for amusement, but for profit. and
that until they have earned at least small
nront they can neither reduce fares or make
further extensions.
Representative Sales.
Tie lot on the north sid of Etlis.sireet, SIG
ieet east OF Mason, 5oxl59:6 IN slzs was last
month sold for S50,750 This was portion OF
the Young Mems Christian Association prop
erJy. The association has lei a contract for a
building on the remaining 81 :6xlS7:6. being the
northeast corner OF Ets and Mason streets. IL
will be handsome five story structure, TO cost
100000. II Is understood that Tie buyer OF
The 90 feet viii al once improve his property
with hne fOur-StOry brick building.
The lot on the southwest corner Of Guerrero
and sIwtnty-Irs ST. eetS south, GlNll1:6. has
been sold for $4,000; price put in deed SIG.
The vacant lot on the north side Of Haight
street, 62:6 east Of Devisadero. 25XIOo in size,
has been sold for $500; prce put IN deed $40.
The property on the southwest corner OF Hayes
and Lyons streets. Sl:9 on Hayes by 100 ON
Lyon. has been sold Tor $4,000; not vet of record.
The property on the south size OF Gr9ve street,
100 feet east OF Fillmore. east 37;6XloO;6, has
been sold for $4,000.
The lot on life south line OF Turk street, 800
feet east OF North Willard, east 50 :6Xl27 Is To
AdHe street in rear, has b. EN- sold lOr $3.50
The property on the north side at Turk street,
1O6:6 east OF Jones, east 3OXl37 IS, has been
sold for $4,000; not yet OF record.
The properly on the northwest side OF Laurel
place. 10 SOUTHWEST vi ElAsN sllGel. southwest
5Ox9O In size. has been sold Iol 5000; price
put In deed $40.
The property on the southeast corner of Page
and Clayton streets, 81 :6Xl12:6 IN size, has
been sold for S476O; not YET of record
Tie properly ON the northwest corner OF Page
and Cole streets, 3 ;3xlO0 in size has been
sold for S47o0 not yet OF record.
The property on the southwest corner Of
Green and Buchanan streets, 10oXl37:6. has
been sold for SIG, 900; not yet OF reeo d. Il is
the intention OF the buyer TO improve the prop
erty with two-StoTy dwellings, To be sold on easy
terms.
The properly on The northeast corner OF Calf
fornta sue et and Twenty-sxih avenue l2Ox4OG
In siZr has been sold Tor S52bO