The morning call., 1894-02-17
LHA VI AIM NlOlNL 1 .
The Connection Visible in
the Market.
WEATHER RErARDs SALES.
Distant Conditions Affect Real
J. Estate.
THEIR RESULT is APPARENT.
A Fair Weeks Business in Realty
Circles in Spite of These Draw
backs Is Satisfactory.
RESULT is APPARENT.


The very unreasonable weather-that
Is, the sharp cold snap. coming with heavy
winter rains-has affected real estatedeal-
ing to the extent of reducing sales to a
Der W hich is much less than would be
made under more favorable circumst ances.
Regardless of the disagreeable week. how
ever. people would have taken more active
interest in city lands and gone over the
city 10 inspect offerings if they were salts
fed that now is really good time to buy.
Specializing: on the future would decline,
and buyers would have reason enough to
be pleased with their purchases. Some Of
the best firms In the realty business had a
satisfactory week. Madison & Burke, or
instance, negotiated six large transfers of
inside property in addition to the ordinary
volume of business.
. Inquiry for private loans has fallen off
altogether, which is taken as safe indiea-
uon that the money market is easier and
that loanlng has gone back to its custom
ary channels, the savings banks. Private
individuals are Offering money quite freely
at 61a per cent, while the standard bank
ing rate on good security is per cent. So
far as lhe future may be taken into cOnsid-
GRAFTON it is generally conceded among real
estate men tina very strong indications exist
Tor exceedingly low 1ates OF inter ST on capital
10 ned oD solid securities.
Various reasons are assigned for this pros
pect. as well as for the quietness which un-
doubleday prevails In the realty market. To
begin with, commerce ana trade are lifeless-a
condition directly Iracesble 10 tariff tinkering.
Merchants are not importing goods except In
small quantities for urgent orders, but nothing
TO keep in stock. They fear that the Wilson
bill may take duties OFF articles imported, and
so rob !hem OF various sums from 10 10 100
per ceut. Itis safer for Them to await results.
Then The retailer does not care 10 owe rstock his
store because proposed reduc' ions In duty
would lower the price of his stock TO a ruinOus
extent There is an apparent conditiou Of un-
ceItdinIy and inactivity In consequence, nd
naturally lt extends TO the real estate market,
which feels the influence of these conditions as
surely as mercury does the weather changes.
An imDrovem ut with some significance is
taking place iE SouIhSide in the vicinity Of P
street and Fifteenth avenue
Carl Larsen, WHO owns six blocks Of land
along III old road that used 10 lead TO the
Ocean House, has planted his property in pines,
cypress and eucalyptus. The blocks are scat
tered over Charming location for dwellings,
sklrtlng the western range OF hills, with a
spendd view of the ocean and Golden Gate.
Trees more than anything els are needed In
that beaA though sunny district. Mr.. Larsen
has reserved one block with an elevation OF a
few hundred feet ana Will build a handsome
residence upon II. He is grading the block by
cutting away knoll and maxi ing a level place,
which will be reached by terraces and steps.
No preItieT site could be selected for a home.
Tie deserted road, which was once popular
drive, VIII be repaired, and street leading o
ihe house Will be graded aud nacadamiZed. IL
some other property-owuers In tbe same d>-
met would take similar interest in lt south
side property would no longer be drug on tile
market
Building contracts for the first half Of this
month aggregate S700.oQ0. Contracts for the
new lodgtng-bouse on Van Ness avenue, near
OFarrell stieet. have been let. hey amount
10 about 100000. A three-story brick build
ing. with basem mt, is to be built on Howard
street, near Fifth, at an outlay OF ST., 600.
Contracts as blows were made this week: A
$4,000 building on Henry street, near Sanchez;
alterations o the Plummer residence on Suffer
rect. near DevisaderO, S2500; additions 10
the Toy property on Powell street, near GeaTy,
$4,000; a twO-StOfy building on Sanchez street,
near Eighteenth. S40u0; a dwelling on Taylor
street, near Filbert, S45O0; a home on fIlI.
and basement building on he southeast corner
of Ellis and Larkin streets, $1,000; a dwelling
on Fell street, near Masonic avenue, $4,000;
improvements on Twenly-frst and Folsom
streets, $500.
Easion, Eldridge & Co. will offer select list
Of properties at auction next Tuesday.
O'Fariell & Co. made the following sales this
week: SiX-roOm house and lot on Hartford
street, lot 25Xl14, $4,000; six lots in Peoples
Homestead on Hale and Railroad avenues
5000; lot 25x120 oD wefth avenue 175 south
Of sire /, $500; also lot adjoining $3.50. on
which tage Is TO be cree ed Immediately to
cost about $500.
Shainwald, Buckbee g. Co. report the sale OF
lot and bulldog, Two fats. 10 and 11013
Turk street. lot 25X137:6 :6, for S27, 500. The
income is about Sl60 mon h.
Sol &c q Brother report the following sales /:
Lot 25X12O. on west line of Twenti IN avenue
125 south OF j streer. for $500; 5Oxi20, on east
line OF Iwenty seventh avenue, 200 south of j
street. for $500; 5OXl25, or norm line nf LobOs
street. 700 east OF Plymouth. for s400; 25X
120, west line OF Eighth avenue, 200 norll
OF street, for $3.50.