The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-01-27
REALTY MARKET.
Agents Represent 1t Is
Satisfactory.
IN A HEALTHY CONDITION.
Savings Banks Are Again
Making Loans.
A REASONABLE LIMIT SET.
Real Estate Affairs Are in Better
Way Now Than for Many
Months Past.
A REASONABLE LIMIT SET.

1t can be truthfully said the real estate
market is in healthy condition, although
transfers of city lands are not quite SO
numerous as they might be. Real estate
agents are unanimous in reporting better
inquiry and offers than for many months
past. There is an apparent desire on the
part of prospective buyers to invest their
money 10 city property. and no particular
district or kind Of property is discrim-
mated against. excepting always, of
course. outside lands. Offers that leave a
small margin between the owners prices
are freely made, such, for instance, as
$500 on lot valued by the owner at
$500, and $500 on a Shotwell-street lot
held at $3.50.
But buyer and seller do not come to-
gether on this margin. The very fact of
their firmness should be sufficient to form
conclusion that the owner is not in
urgent need of money nor anxious to real
lZe, but has every confidence in S;n Fran
cisco real estate. On the other hand, intending
purchasers show satisfactory Inclination TO
buy, but wish 10 hold out Tor reductions.
Inquiry Is better since the weather cleared
and now there is an entirely different feeling
Instead OF complaining. people are beginning
10 realize that San FrancI'cO real estate is Il
pretty good investment after all. The city is
SIOWiuS lIHUL dlOuS hUu GtNtlOplUS, dIluOuHU
little outside capital is use0, while millions OF
San Francisco money are loaned on outside
securities. AS matter OF fact, San Francisco
real estate has held its own much better than
the majority OF securities. People are getting
their money now and preparing TO invest and
agents are satisfied that the worst times have
passed.
Capitalists might give some attention to house
property as an investment, and with benefit to
themselves. The one difficulty IS the matter of
judgment In selection OF locality cost OF build
ard StVa of lQuca he sf n
view 10 subsequent profits. The Western Ad
dtl0n, from Suffer 10 Jackson and between
Central avenue and Fillmore street, has consld-
cradle area of vacant lots which c0nld lie In-
proved With modern dwellings TO rent for
average OF 500 to $50 month. Houses OF this
KIND are badly needed. They would pay or 8
per cent clear OH an investment OF $500.
IL am surprised that more capitalists are not
willing 10 invest money in that way" remarked
broker yesterday, INSTEAD of being satisfied
with small rates OF interest on business prop
erty. We could rent several houses of this
Kind, but we cannot get them anyhow"
At present between $1,000. 900 and SS,000.-
600 Is lied up in The State treasury at Sacra-
ment0. This money came from taxes, and il
VIII be distributed next month throughout the
State In apportlonmentS 10 each county. The
next turn naturally Will be into business chan
nels. which VIII feel the influence OF TITS re-
enforcement.
The all-night car system introduced by the
Market street Cable Company Will IN all prob
ability induce men whose occupations Keep
them out late or compel them TO be at work
eauy III the morning TO move Missionward.
Homes for WOrklngmen will likely be in de-
mand in districts reached by these owl cars
Money Is very much easier this week. and
indications are IL Will continue TO grow more
plentiful Tor mortgages and investment pur-
poses. The German ana Hlbernia savings
banks are loanIng quite freely within a limit of
SIO,OOO IN ordinary Cases, though this limit is
not observed closely. The prevailing rate of
interest IS per cent. The Humboldt Savings
Bank is examining deeds OF downtown property
with the intention of lOaning $4,000 GU IL at 8
per cent.
MIdwlnter Fair building contracts aggregate
so far S592.9 0S. ana other buildings are yet TO
be erected.
lhe historic Montgomery block will be offered
at auction next Tuesday by Easton & Eldridge
AT the same time twelve water lots fronting on
Howard, Beale and Fremont streets will be I'D
Tor bids. The property belongs to the CulIum
estate, and is offered subject 10 confirmation of
the superior Court.