The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-07-28
REALTY MARKET.
Movement Is Confined to
Small Lots.
Building Is Fairly Active Throughout
the City, as New Structures
and Records Show.


Movement in real estate in San Fran
cisco is at present confined to small trans
actions, such as transfers OF residence
lots, upon which the purchasers intend
b uilding homes. But capital is showing
remarkably timid disposition, which.
however, may be intensified by the
absence of wealthy investors who spend
July in the country.
The fact thatcapital is not seeking in
vestmentS in real property to any great
extent cannot be denied. Real estate
agents admit that only for the fair activity
in dwelling lots the market would be dull
indeed, and so long as the tariff bill re-
mains in its present unsettled state very
little change for the better is expected.
The peculiar legislation in Washington
has made itself felt on San Francisco
property. Capitalists cannot determine
where they stand with bill involving the
cDuntry's commerce and prosperity hang
ing over them. A change one way or
another would give them confidence in
securities which would then have a def
mite value, and until some conclusion Is
reached return TO former prosperity and
the settlement of values of real as well as
personal property are held to be lmprob-
able.
The uncertainty has affected interest to
small extent. savings banks having re-
duced dividends u per cent and deter
mined to make further reduction OF the
same amount next term.
The macadamizng of D street along the
north side of Golden Gate Park was COM
p!etedsthis week as far west as Twenty
fourth avenue, but twenty blocks of I'M
graded sandduue5 remain between the
ocean boulevard and the extreme westerly
end of the improved street. If the Mar
ket-street Railway Company wishes to
hold its franchise on this street rails must
be laid to the beach before January /,
1895. AS the company has shown dis
position to extend its line westward with
out unnecessary delay by building out to
Twenty-fourth avenue beyond Straw
berry Hill, it may be inferred THAT
no time will be lost in going
still further. There is every hing
| in favor of such extension. The railroad
| has steam-dummy line skTting the parks
| southern boundary along Ii street, and
| with an open roadway on d street it will
| bind the peoples pleasure ground between
| two parallel bands OF steel, virtually shut
ting it off from other companies. which
| at best can only reach the park from cross
streets beyond Stanyau. With D street
open there will be a pleasant scenic line,
| having the park on one side and the
Golden Gate, ocean and mountains on the
| other from Stanyan street 10 The beach.
| The steam dummy already runs as far as
| Twenty-fourth avenue every Sunday past
| Strawberry Hill, and the ride has become
popular.
The effect of this improvement cannot
be other than beneficial on Richmond prop
erty, particularly that portion lying be-
| nir.f oh 40
| where quite extensive grading has been in
progress for several weeks. Ii it can do
nothing else at least it ought to keep prices
up, for dwellings are certain IN the newly
opened and graded district. Elsewhere
little Improvement can be noted-a fact
| that should inspire confidence in Rich
mond property, which even now ls net
work OF street railroads.
The competition started by Sutro with
his street railroad to the Cliff House
through Richmond has stirred up the
Market-street Railway Company, who are
determined that Sutro shall not have the
field to himself exclusively. Then the
prospect Of one fare to the ocean gives
further encouragement to Richmond prop
erty-owners.
Considering the talk of more or less de-
preston in all branches of trade and the
statements of fauit-fEders that San FiaR-
cisco is overbuit, IL is encouraging to
watch the steady movement in building
business. A view from any eminence Of
the city will take in at least dozen build
ings in course of construction. 1u the
| Western Addition new houses are seen
frequently, and out in the neighborhood
of Fillmore and Sutter streets whole rows
of substantial improvements are going up.
81 HAYES and Steiner there is boom In
building and the houses are handsome two
story residences. Ashbury Heights and
panhandle land is being improved with a
good class of houses, and some activity is
noticeable on the McCreery property re-
GENTLY sold at McAlliSter and Baker by
Baldwin 81 Hammond. In the Mission and
other districts there is quite as much evi-
dence that San Fran cisco is growing stead
lily and surely III the safest direction. and
that is the building of homes which will be
found 10 be substantial ana generally In
| keeping with the times.
Plans are under preparation tor sew
| eral fats on Tehama street. A three-stOrv
frame business building is to be erected
| on the northeast corner of Vallejo and
| Van Ness avenue by a patent-medicine
company.
| Contracts for buildings have been let
during the week as follows: A three story
| frame building to consist OF flats. on Tay-
lor street. near Filbert, $3.50; cottage OF
five rooms on Clipper street. near Noe,
| $500; two-story dwelling at Clay and
| Cheney streets, S1660; brick Guiding al
| southwest corner Seventh and Jessie
! streets, $1,000; alterations TO engine-n ouse
4. $2450; to eDgine-house 3, S2193; 10 engine
| house II. $3.50, 70 engine-house Is. $1277
to truckhouse 2, $1976; building engine
| house z, brick structure. $3.50; build
! ing engine-house %, a brick building and
stable. S99S5; building on Sharon street,
Bear Sixteenth, STOPS; dwelling on Hey
man Tract near Corbett road. $3.50
| frame cottage on Twelfth avenue, neal
Clement street, $1T75; two-story dwelling
on Guerrero street. near Iwenty-fifth,
$3.50; gymnasium at $500 Washingto on
street. Trinity School. $1275; two tene-
ments on Larkin street, north OF Pine
| S3O61: moving old building ON Dolores
street, north of Twentv-fourth. and erect
ing new structure. S9S91: two fve-room
cottages on Fulton street. near Lott, 5000
two flats on Pleasant street, near Jones
S3OS4: two fats on Nineteenth street. neal
Noe, $4,000, one-stnry frame on Unior
street, near Scott. S3330.