The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-05-26
TWO TRANSFERS.
They Signify Confidence
in Realty.
BUSINESS PROPERTY FIRM.
Possible Effect of Building on
Market Street.
WILL BENEFIT THE SOUTH SIDE.
inducements for Building Homes
Cause Steady Increase in New
neutrality-suspicious. and Sales.

Two large and significant transfers of
business property were made this week,
which goes to show that confidence in the
city Is not weak. The Bonynge property,
al California and Market Streets east of
DTumm, 81 :6x137 IS feet. was sold to S.
koshland for S1O5. 900. The Baldwin
property, on Market street, which Keane
Brothers formerly occupied. was pur,
chased by the Spreckels brothers for a
price in the Deighborhood Of 100000. AS
a matter of course, these transactions were
made on a BUSINESS basis after an
estimate Of the income was calculated.
The fact that the shrewd buyers expect a
Satisfactory return for their money proves
that business property remains firm.
The SDreckelS purchase is in line with
the continual Improvement oil the south
line Of Market street, which has been 60
ing On steadily for some years past while
the north side takes second place. With
each large building retail trade is diverted
across the street, and the ID odeTn Offices
and stores draw crowds from the old
fashioned and flimsy houses over the way
With lows OF m2gn hcent structures in
progress to Join those already erected
change may be expected in the values of
Market-street property in the busy retail
district. The south side may regain its
position of ten years ago. while the north
side may depreciate even on present
appralsements.
The market is neither losing ground nor
making advances, and yet with the CRY of
quiet times many buildings are going up in
the suburbs. Labor and material can be
had Tor something like 90 per cent Of the
cost few years ago and this reduction
Offsets dizziness.
NJ }. Laymance e Co. of Oakland will
sell at perempiory auction sale to-day at
400 Eighth street, Oakland, the following
property: Twelve lots In the Simpson
Tract. FIVE lots on the southwest corner of
Telegraph avenue and Twenty-third street,
three lots on the northeast corner Of the
same streets and modern seven-roOm cot
tage, lot 25xlO6 feet, at 539 Simpson ave
nue.. Ihe terms are One-quarteT cash and
the balance IN three yearly payments
EastoD, EidrIdge q Co. Will hold an auC-
ton sale OF choice business and residence
lands next Tuesday, and offer favorable
terms on some properties The catalogue
includes the following: Business, ware
house or residence property, on east line of
Second street. 1877 :6 feet southeast Of Bran
nan, 1877 :6X255; Richmond residence lots,
fronting on Tenth avenue, California and
Lake streets; residence corner lot on
northeast corner Of broadway and Laguna
street, 50X137 IS; residence lot on east line
of LaEunA street 1876 feet north of
Broadway. 3Ox100; Western Addition resi-
dence, 1910 Pine street, east Of Octavia,
30x137 IS; Mission residence lots on north
line OF Eighteenth street, 100 feet west of
Church, lots 7:6 by about 49,
@. II. Umbsen IL Co report the follow
inE recent sales: Corner of Mason and
Green streets, l6t 40X60 and two houses,
$500; cottage and lot 25xI37 e. 426 Haight
street, sold for $4,000; vacant lot 2j:8xIl4
south line of TweDty-cighth street, 100 feet
east Of Sanchez, sold for $3.50; lot On south
line of Dav street, $50 feet west of San
chez. 25x1l4. $500; house and lot 27:6x
1877 Is. 1920 Suffer street, sold for $4,000;
1912 Geary street, lot 80 :6x75, sold for
$500; lot 81 :8Hx115, on south line of Army
street, ITO east OF Mission, sold for S3400;
lot 25x127:6 north of Aldine street,
and south of Turk, 175 east Of
Willard, sold for $3.50; lot 1877 :6x121 :I0B
at the northeast corner of Haight anu
Baker streets. sold for $500.
The California League of Mutual Build
ing and Loan Associations will hold
public meeting at B'nai Birth Hall next
Wednesday evening, when addresses on
the different aspects and the value Of build
ing and loan associations will be deliv-
cred. Persons who wish to know some
thing about the principles on which these
societies are conducted would do we'll to
attend.
The fourth annual report of the HomeIn-
VeStment Association. building and loan
finances, as IL proves all that is claimed
for these mutual organizations. 1t states
that the panic caused a cessation OF loans
asst was impossible to obtain money and
the banks were doing everything to get
money In. In spite of this fact S15O45
was loaned to members and the society Was
paid by those who had previously Dor
Towed the sum of $500. During the year
S9864 50 was paid to Withdrawing members
on their stock and about $3.50 interest on
the same. Since the organization OF the as
ISOLATION, four years ago, shareholders paid
as lnstallmentS on their stock SS4, 905 so.
From interest on loans S17,090 30 was re-
celved. from premiums S15, 076 Is and from
fines and transfers S68l 40. During the
same period the association loaned to vari-
Gus mem bers for the purpose OF acquiring
homes S103, 403. On the transactions the
association has earned a net profit of Sl6,-
OIL 90, which is over 26 per cent interest on
the money at present invested
Building contracts as follows were fled
this week for record: A three-story builc-
ing on Natoms street, near Seventh, co st
$4,000; dwelling on Fifteenth street, near
Noe. cost $500; a cottage on Eleventh
avenue, near l street, cost $500; a three
story building on Hayes street, near Polk,
cost $4,000; One-stOry frame on Fulton
street, near Lyon. cost $1,000; home on
Washington street, near Locust COST $500;
structure arranged as fats on Fell street.
near Lott, cost $500; a cottage on Eighth
avenue, near Clement street. cost $500:
two residences, corner of Washington and
Laurel streets. cost 11.000; additions to
Zll0 Howard street. cost 5000; two cot
tages on Nineteenth street, near Diamond
cost S3400; a frame building on Folsom
street, north OF Twenty-fifth, cost S25O0 !:
q brick stable on Park avenue. near the
City Hall, cost $500; also two barracks
buildings at the Presidio, cost $4,000.