The morning call., 1894-07-02
SIX MONTHS SALES.
Real Estate Transactions Since
January.


From proofsheets Of the Real Estate Circular
published by Thomas Magee. who DOW enters
on Tie lhiriein year of bis ediiorsBip, We ex-
tract the following IN relation TO the uansac-
lions Of tbs first half OF 1894:
Tie number Of city real estate sales made 10
the first half Of 1894 was 1909, against 1867 iD
the last half Of 1888, and 1850 in The first half
OF last year. The total value OF lie sales for
the past half year were S7,6S7 1872. The sales
made during the last six months, therefore, 90
not show any increase in number. but slight
reduction. But there WAS decided increase.
amounting TO s2.243. 7o3, in The value of the
sales OF the past over those of he previous SIX
months. This increase occurred wholly 10 that
portion OF the ffty.Taras section OF the city
where The best actual or prospective retail
property lies say from Kearny TO Taylor and
from Suffer 70 Market street. Prices 10 even
this. The portion OF The city nost in favor with
buyers, did not IN any case advance. They siill
snow an average reduction Of about 20 10 20
Der cent from the rates that might have been
oblained there two or three years ago. All
other business property has deeliDded 20 TO 80
per cent within the period named.
The reduction mentioned was especially
noticeable II the wholesale portion OF the CITY,
where rents, and values necessarily Win tneID,
have both seriously declined. ne outlying Z
district-say between Mission, Folsom, FIrsE
and East-has even more seriously euHeTe0 Id
both rents aud values. Qulie a number OF
ioundries. factories, mills and iumbeI-oealefs
have moved away from that dlstrlet 10 Soutn
and North beaches, leaving many VACANCIES
and lower rents for those remaining. vacant
property by Howard, Fremont, Beale, Main
ana Steuart streets does not, IN the present dc.
preston sell for much more than 90 per cent
Of former values. Proper there ls central
and good, and VIII advance WDen-He say
Wben-sOmethlng has been done by San Fran.
cisco 10 aid inferior development. and when We
nave changed the present railroad situation. 10
which freight 10 and from the East costs less
per Ton than between San FRANCISCO, Fresno
and Bakersfield. Money must be put In home
manufactures. too, which Dow are decfeasibg
rather than increasing Ia number
Th- only district in the city IN which any ad-
vance can be noted for tie past SIX months was
on L aeifie Heights. Even there many lots snow
decline, but 4 few sales AZ higher rates than
any ever before recorded were made. Among
these were the northeast corner OF jackson
and LaguDa streets, northeast corner OF Broad
way and Fillmore and north side OF jackson,
between Pierce ana Scott.
Comparisons OF the sums loaned or released
By city SAVINGS banks on city real estate during
tie past aud the previous half-yearly terms
would De useless, Tor the reason that the
savings banks did not lend al all. because OF
til run on them, during the last half OF 1893.
I The total number OF mortgages OF all siDds re-
corded in tie city and county during the past
six months was 2292 of the total value OF
sales. S.113, against 226I Of the total value OF
S5.S68. 500 Ia the first half OF 1893. OF the
total mortgages recorded during the past half
year 145S we're given 10 savings banks. These
had an aggregate value Of S6.32l,5l6, while
834 were given 10 private individuals ana had
a value Of 81, SAG, ,597. During the first half Of
1893 the savings banks 'ook 1888 mortgages
Of the total value: OF S5,6l7.5 .5SS, and private
persons 972 mOrtgag OF the total value OF
So, 251, ,012- The number OF releases of mort
cages recorded 10 Tie first bali OF 1893 was
1872 OF the total value OF S5. .643, ,661; 1886 re-
leases were recorded IN Tie first baii Of this
year OF The value OF S6.507.Ol3.
The standard rate OF interest on city loans,
in large and small SUNS alike, has been per
cent during The past haH year. few ex "a
large and desirable city loans we're made al 612
per cent None, so far as We know, were MADE
at by auy OF the banks. Money and taxes
alone defy reduction. The Hiberna Bank lent
81, ,821.762 10 the first half OF 1893, and So
327, 800 ia the first half of 1894. Inc German
Bank lent S1.3S4.540 10 the first half Of 1893,
and S1,339, ,226 in the first half OF 1894. be
Savings Union lent S51S.325 In the first half OF
1888, and S745,700 in the first half OF this
year. The savings and Loan Society lent
1854, $50 10 the ftst half OF 1893, and 137, ,525
In The first hef OF ibis year. The humboldt
Bank lent $500, ,524 in the first half Of 1893,
and S154, $50 10 The first half OF this year. The
Security Bank lent S2l7, 202 in the first half
Of 1893, and S62052 in the first half OF this
year.
The statement lately made that our savings
banks directors consulted together about re-
duction Of rates OF interest ana dividends con-
tains not a particle OF truth. Each bank &c.
cided the rate OF dividend for Itself. The rates
are slightly lower at some Of the banks, be-
cause the run OF last year caused a large
meeting having for lis object the reduction OF
the lie Of int rest was even contemplate ed,
much less held. The banks are not desiring 10
keep anything about these matters secret, as
was asserted by the paper 10 question, for the
reason that there is nothing 10 conceal.