The morning call., 1895-02-08
PROSPERITY CERTAIN.
Real Estate Conditions Point
That Way.
RENEWED CONFIDENCE FELT.
A Substantial Valuation to Be Made
in City Land.
EFFECT OF THE VALLEY RAILROAD.
Its Success Is Going to Be Far Reaching
and Faith in Stability of Real
Estate Assured.
EFFECT OF THE VALLEY RAILROAD.

If any real estate agent in San Francisco
were asked to-daywhat he thinks of the
market and its possibilities in the near
future, he would answer promptly:
1--WE have touched the bottom and are
now on the upward grade"
There appears to be no doubt whatever
on this point, but there is a very con-
vincing unanimity of opinion that San
Francisco, and with it California, will soon
experience the return of prosperity. FL
nance and trade are slowly adjusting
themselves to new conditions under re-
Operative influences, and moving i'll SYM
pathy with them real estate is gradually
gaining confidence as security for CAPT
tai. But there are other and more potent
influences at work just now than the mere
improvement of securities, or financial re-
adjustment, that have an important bear
ing on the values and stability of real
property.
The San Joaquin Valley Railroad hav
ing come to be regarded in the popular
mind as an assured success, new confidence
is felt in the State and city. So far as
realty interests in San Francisco are con-
cerned this feeling of security that fore
shadows coming prosperity has already
after city real estate is reported from day
to day. The brokers' Offices are buster
than theyshave been for a long time past.
People are beginning to investigate all
classes of properties for themselves with
an eye to investing capital which has been
lying in banks and safe deposits. Real
property in the city is attracting attention
from many who took no interest in it for
years. And above all confidence is coming
back to Stay.
Such being the actual facts prices may
be expected to advance, how slowly or
quickly remains to be SEEM Movement of
properties must increase in volume, and
then improvements Characteristic of the
times may be regarded as sure to follow.
After all, real estate is no more than the
mercury in the tube to indicate CONNER
cial conditions, and when real estate is i'm
proving as at present and pointing toward
prosperity, the inference must be that the
entire community will shortly realize
something of old times in California.
The situation as viewed by Wendell
Easton presents pleasing prospect. Said
he Yesterday:
"Without doubt general improvement
pervades the business community, and
there is evidently renewed confidence in
the immediate future which insures a sat
isfactory business for 1895.
1.-THE general condition of the real estate
lie sale of the Johnson property on Tues
day of this week, which indicated that
modification of values have taken place in
this city over prevailing prices of two and
three years ago. At the same time it is
also plainly demonstrated that there is a
large amount of capital ready to invest at
to-days prices. Income property can be
sold at strong prices based upon an earn
ing capacity, and consequently healthy
and substantial valuation is going to be
created in real estate in the city of San
Francisco during the year.
1.-THE strong support which is given gen.
orally to the San Joaquin Valley road in
dicates the trend of public opinion, and
when the elements are favorable large capt.
tai can be concentrated in this community,
when anything like fair promise is held
out of return on the investment. The sue
cess of this new movement is going to be
far reaching, and confidence in the sta
bility of the community has become re-es-
tablished, which is being felt already in all
avenues of trade. 1t is hardly to be ex-
pected that the large fortunes are going to
be made in the early future that have been
made in the past, but expectations are
somewhat modified in this respect, and the
general requirements of the individual are
not going to be up to former standards. 1t
is also being found that 81 in cash has a
large percentage of increased purchasing
capacity, winch Is gong TO very materially
overcome the general shrinkage that has
taken place in values throughout the COM
munity and State generally.
" The excellent promise of good season
throughout the State is already producing
its results, and the country merchants and
agriculturists generally are looking for
ward to an exceedingly profitable year.
1.-The incentive at the present time is
the concentration of capital in legitimate
lines of invest and lpUiti 70 ayannoc
of trade, and the promise for fair returns
has not been more flattering in the past
five years than in the opening of the year
1896"