The morning call., 1894-08-04
REALTY REVIEWED
July Business Was Above
the Average.
PROSPECTS GROW BRIGHTER.
Transfers and Contracts Were
Satisfactory.
SUTRo RAILWAY STOCK ON SALE
Electric Street Railroads Nearing
Completion South of Market
Street-SaIes.
SUTRo RAILWAY STOCK ON SALE

Although the real estate market Is still
weak from summer dullness and other
causes which affect other cities as well
as San Francisco, there appears to be a
fair prospect ahead. Besides business has
undoubtedly shown tendency to improve
within the last week, and that may mean
an approach to normal conditions. In
quiry has increased for building lots and
dwellings. and also for investment prop
erty that assures a high rate of interest,
which, however, IS very difficult to get at
present. Money is easily obtained at
reasonable interest from savings banks
and private capitalists, but the security
must be what is familarly known as gilt
edged" and wide margin is expected be-
tween the mortgage and value of the real
estate.
The principal improvement now going
on is the introduction of electric street
railways south of Market street. These
lines will be known as the Mssion-street
system, and if possible they Will De ex-
tended TO North Beach by a single track
on Montgomery and another on Kearny
street. The hIisson-street road is all but
completed. Handsome double-end cars
are ready for immediate use and the ma
ehinery is likewise finished. In two or
three weeks the managers believe the line
will be in operation. There is some talk
OF owl cars on Mission street, but the report
is not positive.
Won RheIn q Co. have opened subscrip-
ton books for stock in the Sutro street
railroad which is to pass through Rich
m0nd and carry passengers to the Cliff
House for a scent fare There are 10000
shares at $40 each for disposal to be paid
in fUn in roll Iiraa II 10 n orlt Epd
any recent improvement which will prove
so beneficial to real estate interests in
Richmond as the building of this pro-
posed line with its popular motto five
cents from ferries TO ocean," Mr. Won
Rhen states it is not at all astonishing
that the masses are for the first time show
Ing disposition to invest in street rail-
road stock when they are confronted by
the novel experience of a poor man hav-
ing an opportunity to invest his $40 or
500 on terms Of equality with capitalists.
With regard to prospects of dividend,
the road will pass through growing dis
trct after leaving town and there are
Increased attractions at the Cliff House
to insure constant and large travel.
Ihe sales of city real estate. as recorded
by Thomas Magee. were 269 in number
and represented an exchange of 5000, 046.
According to Warmers Building News
and Review, which makes a speciality of
hIcHltecluTal improvements IN San Fran
cisco, Sixty-two contracts for new build
ings and some alterations to old structures
were recorded during July. The aggre-
gate OF these contracts is 1898, ,S61.
Wolfe's Building News gives compara-
tive figures as follows !0r july in the last
ten years: 1884. S633 800; 1885. S412, ,O5O;
1886. S643, $50; 1887, S30S, 900; 1888. 1906 800;
1883. S451, 100; 1890, S1,21l. .375; 1891, $685.
115; 1892 S445 go; 1898. S33S, ,2S3.
Baldwin d Hammond ranort SoIas M
follows: Lot on the north side of Suffer
street. % feet west of Powell, 25x87 6 feet
with improvements. The consideration
was somewhere in the neighborhood of
S17, 500 Let on Fillmore street., between
Sacramento and Clay, 50x906 feet. with
tWo-story building containing two stores
and two flats; S1600 Lot on west side
of Baker street, 81 :6 feet north from Ful-
ton, 25x100 feet; $1,000.
The following transfers are reported by
Will E. Fisher & Co. for July: Lot and
improvements on the north line of Ellis
street, west of Laguna, $500; lot and i'm
movements on The sonIh line of Green
Street. west of Jones, $4,000; lot and i'm
n rovements on the north line of Page
street. east of Deyisadero. 25xl37 IS, $500;
lot 30x9O. on south line of California
street 30 feet east of Twenty-second ave-
nue. $500; lot 28x100. on south line OF Gle
ment sneet, east of Fourth avenue, SllOO;