The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-10-06

ing, owners of property believe they ought
to get old-time prices, and accordingly ask
considerably more than buyers are willing
to pay. To close transactions in such
cases has been found so very difficult that
many agents have removed the properties
from their books.
Taking things as they are new values
must be established before normal bust
ness can be transacted. Another idea
open to criticism is the opinion that big
Incomes should be paid by city property.
Rents are still based on values that OBJ
tanned when general conditions were pros
porous. This gives an interest of at least
II per cent on present values, possibly
more, and accepted as equitable and bust
ness like In Eastern cities owners of
houses are satisfied with per cent net in
rents-a fact not readily reconcied with
the local view.
Thomas Msgee states in his Real Estate
Circular that the city sales in September
numbered 30l, and aggregated S1,103, 251,
which is over $500, 900 more than those Of
September, 1898.
For the mon h of September the records
indicate decrease in volume of building
business attributable to the fact that no
extensive improvements were started
However as the bulk of the amount, $780,
S3S. Is represented by new homes it is only
reasona BILE to infer that confidence is gain
ing ground with regard to city realty.
Building contracts for the week have
been up to the standard as lately set by
an increase In business, as the following
will show: A dwelling. with stable, on
Shotwell street, near Twenty-hfth. cost
$1,000; additions to building on Devisa-
dero, near Sacramento, cost $1,000; fats
on Jones, near Greenwich. cost S14.0 900; a
t1ree-stOry building on Haight, near De-
vlsadero, cost $4,000; a dwelling on the
northeast corner of Clement street and
Fifth avenue, cost $500; a cottage goes up
on Ashbury, near Carl, costing $1,000; a
residence on Hyde, near Pine. cost $4,000 i;
a one-story building on Oak street, near
Masonic avenue, cos. $500; cottage on
Prospect avenue, near Virginia avenue,
cost $500; twO-stOry frame will go up
on Army, near Folsom, cost $1,000; a fam
lily residence on Mission, near Thirtieth,
cost $4,000; frame dwelling on Precita
avenue, near Bernal. cost $4,000; fats on
Page street, near Webster, cost $780,
Umbsen d Co.'s Real Estate Record for
October reviews the past months improve
ments as follows: During the past month
transactions have been mostly confined to
Western Addition. Mission and Richmond
property. In the southwest Mission the
change from the old DO Dtail cars to the
rapid and comfortable transportation by
the new electric road on Mission street has
caused considerable demand for both i'm
proved and unimproved property. The
promise Of the Sutro road through Rich
mond has very greatly stimulated business
in that suburb. Another new suburb near
the Golden Gate Park will soon be put
upon the market Work for grading the
Pope property, near the foot of Clera ndon
Heights, is well under way, but il will re-
quire years time before il is fit for build :
ing purposes. This tract will be subdi =
vided into 800 fair-sized residence lots.
The new reservoir, the highest in the city,
will insure plenty of water to the high
portion of the western and southwestern
Mission /; and as soon as the Supervisors
supply the necessary hydranIs and fire
protection buildings will rapidly cover
the hills.
Ii. f. Poehlman has issued real estate
circular which, he states. will stand by the
people against the encroachments of
monopolies and the assistance given them
by public officials. In the first issue the
Southern Pacific Company's pledge to re-
move its track from the ocean boulevard
is brought TO mind in the following article {:
'The Southern Pacific Company's track
alon G the ocean boulevard has no longer
any legal right 10 remain, as the permit of
the Board of SUPERVISORS giving the COM
pany the concession to run spur from its
maiu line to the Mdwnter Fair grounds
expired on the first of this mouth.
1--WE hope the company will pleasantly
surprise the community by voluntarily re-
moving its tracks and surrendeTing all
claim to any and all portions of said route.
and not attempt another outrage on a par
with the Easi-street waterfront grab now
arousing the indignation of the public. OF
course the Southern Pacific Company can
only maintain its hold on either of these
lines by the inactiOn ian impeachable Of
Tense p of our public officials, or worse.
s'The Market-street Railway Company,
portion Of the Southern Pacific system,
has just acquired by purchase the abso-
lutte control of the Metropolitan electric
line, which holds franchise for a road
south OF the park, part of it paralleling
the boulevard from the Ocean HOUSE, to 81