The morning call., 1894-05-19
A GRADU AL RISE.
Present Indications Are
Favorable.
PROSPECTS OF CITY REALTY.
Agents Declare Sutro Is Fair In
His Demand.
PROSPECTS OF CITY REALTY
SIGNIFICANCE OF AUCTION SALES
What Is Doing Among the Real
Estate Offices and in Building
Circles.

move along conservatively without giving
any particular sign of quick improvement,
but rather suggesting a gradual rising.
Income property at reasonable figures IS
in very fair demand, and this is accepted
as an indication OF a change for the better.
Agents persist in selecting tempting Gaia
lOgues of city property for sale at auction
with remarkable regularity, which Is an
other sign that realty sells provided 1t can
show an income on the investment. II
there were no ready buyers these auctions
would quickly determine the true line,
and consequently become rare. As it is,
however, an auction is held in one Office or
another almost every week. and the very
fact of their continuance seems proof posi-
tive that the current market tone has con-
siderable stability about it. Recent auc-
ton sales have resulted in numerous trans
fers of property at satisfactory prices.
The position taken by Adolph Sutro re-
gardiug a Scent fare 10 the ocean has
been an abso rbing topic of conversation
among the real estate Offices for the past
few days. Brokers without exception take
side with Sutro, claiming that the fare
should be cents. A person can ride from
Ocean View over the San Mateo electric
line 10 NnIeUCld huu IoulNcrnth oSlOC'os
take a transfer 10 Valencia and another at
Powell and Market streets and ride either
TO North Beach or Golden Gate Park, over
the POwell-street BY steG, for nlc6el-a
far longer trip than from town to the
ocean. For the sake OF comparison agents
use the argument that there are cheaper
rides than the ocean trip would be for
nickel, and say il is only obstlnacy on the
railroad cOmpany's part to maintain two
fares out westward. The Metropolitan
Electric Company will build TO the ocean
south of Golden Gate Park if owners OF
property will assist in grazing L street,
which would be to thsir benefit.
Richmond property would receive the
benefit of a reduction In fares, apd in all
probability take a sudden bound in values.
Residents of that district have shown EOw
much they appreciate the Importance OF
such move by rising in mass for single
fare TO the cliff.
Property in the Immediate vicinity of
the postOffice site on Mission and Seventh
streets is held very exclusively at rather
high figures il expectation of an increase
in value. as interest centers around the
proposed building, Transactions in this
property will, of course. be largely specu-
lative, however, although the new build
ing will make il very valuable.
The Safety Mutual Building and Loan
Association has been INCORPORATED with
capital of $4,000, 900 in 10000 shares, and
directors as follows: Z. w. Newhall, pres
ident; George d. Cooper, vice. president;
Wakefield Baker. Harry Durbrow, Fl. p.
SonntaC, Ii. a. Jones, 81. e. Hall, S. G.
Bucklen. j. c. Franks.
Burnham-Marsh Company reports the
sale OF the southeast corner OF Twentieth
and Shotwell streets to William Henicke
for $1,000 with store and two fats, and lot
25x95; also the northeast corner of Nine
teenIh aud Jessie streets, lot 30X95, store
and two flats. and tvo-story house for
$4,000, to j. ii. LuDsmann; also lot FOX
100, on south line of \ street, % feet z of
ACKNOWLEDGEMENTS for $40.
Sol. GetZ 81 Brother report the follow
ing sales: lot 25x120 on west line of
Twenty-seventh avenue. $50 feet south of
G street. for $500; lot 25X120 on east line
# Twenty-siXth avenue, $50 feet south of
street, for $500; lot 25x120 on west line
OF Eighth avenue. 175 fee; north of street,
for $1,000; lot 25X100 on south line of |
street, 81 :6 feet west of Eighteenth ave
nue.. Tor $500: lot 75x1O0 on southeasterly
line of Vienna street, 125 feet northeast of
Persia avenue, for $500.
G. H. Umbsen d Co. have placed the
Jordan tract. an important subdivision
bounded by Point Lobos avenue, Califor-
MIA street, First avenue anu Williamson
street. on the market The grading of
this land has just been completed, and il
has been subdivided into lots averaging
purposes. The streets and avenues are all
curbed, graded and macadamiZed, with a
uniform width of eighty feet
NJ. j. Laymance & Co., the Oakland
real estate agents, will hold an auction to-
ay OF unsold LOIS on the Moss tract, on
the line of the Oakland, San Leaedro and
HayM ards Electric Railway. The Moss
tract contains over $50 lots. out of which
500 have been sold to bona fide purchasers
aud improved with handsome houses,
streets graded, city water, churches,
stores. posteffice, hotel. The lots will be
sold on easy terms which commend them
selves 10 all purchasers.
The following building contracts were
signed this week: A lot on Oak street, near
Webster, improved, cost $4,000; dwelling
built on DanveTs street, near Folsom, cost
$4,000; residence on Sacramento street,
near Pierce, cost $500; an additional
story on house on Twenty-fourth street,
near Hoffman avenue, cost. $500; altera-
tons 20 q residence on Oetavia street, near
Golden Gate avenue, cost. 500: building
on the northwest corner of Ridley and
Scott streets, cost $1,000; home on Golden
Gate avenue, near Devisadero, cost $500
two frame buildings on Washington street,
near Mason, cost $4,000; thrse buildings
corner OF Twenty-fourth and Guerrero
streets, cost $1,000; alterations and addi-
tons to 1925 Suffer street. cost $4,000: also
for the new German church on O'Farrell
street, near Franklin. cost 100000.