The San Francisco call., 1895-12-02

7 per cent. on property on the east line of
Valencia. 145 north of Sixteenth street, 5Ox
100; by the Hibernia Savings and Loan Socl-
ETY., SIS, 900 to Caroline A, Walter NJ, Edgar,
Oscar and Jerome Painter, for one year at 612
per cent, on property on the north line OF Clay
street, 81 IS east of Battery, 40x45:l and by
D. o. Mills 1879, 166 to Robert +. Morrow, for
one year at IL per cent month on property
on the north line of California street. 1876
west of Sansome, 25xSO; southeast corner OF
Pine and Leavenworth, 137 6x137:6; north
east corner of Bush and Leavenworth, north
100, east 45:9, etc.; undivided half OF the
northeast corner of Fifteenth and Folsom,
north 42O east $50, ETC.; undivided half OF
the northeast corner of Santa Clara and Co
lumbia, 400x200; and the undivided hall OF
the property on the south line of Sutter street,
1877 Is east of Montgomery, east 1875, south
119:456, ETC.
The largest releases from mortgages
granted last week were the following:
By the German Savings and Loan Society,
S25, 600, to Thomas J. Powers on property at
the northeast corner of Franklin and Fulton
streets, SOx5O; by the Hibernia Savings and
Loan Society, Sl5 900, TO Henry f. Bruins on
property at the southeast corner of Mission
and Sixteenth streets, 55X95, at the northeast
corner OF Geary and Taylor, 2OxoI 10, ana at
the southwest corner of Geary and Scott, 55x
SO IS: by the Humboldt Savings and Loan So
ciety $40, 900, to Frederick Seibel on property
on the southeast line OF Market, 10 northeast
of Seventh street, northeast 80, southeast 100,
etc.; and by the Guardian Loan Association,
$4,000, to Lille c. and NJ. ]. Mertens on prop
erty at the southeast corner of Steiner and Full
ton streets, 27 :6X11O.
The most important transfer of the week
was to Claus Spreckels of another piece OF
Market-street realty, 225 feet northeast OF
Seventh street, opposite Jones, and extend
ing through TO Stevenson street, 50xl75
feet. The price paid was about $115,O0C.
The Improvements, which are of no great
value, will likely give place to substan-
tial and handsome building.
There has been a slight falling off in
building during the last few weeks. During
the month Of November tifty-two builders
contracts were recorded amounting to
$239, ,974, as against sixty-eight contracts
for the same month of 1894, representing
pledged outlay OF $339, 407.
MISCELLANEOUS ITEMS.
Eugene Wilhoit, of the firm of R. E.
Wilhoit & Sons Of Stockton, was in the
City last week on important real-estate
business
C. NJ. Wooster, president of the Board of
Trade of San Jose and senior mem Der OF
the firm of Wooster & Whitton, writes:
The good prices realized for Santa Clara Val
ley fruit this year, notwithstanding the de-
pressed condition of finances throughout the
country has had good effect realty affairs
here. There has been a fair demand right
along, with good prices prevailing. Special
bargains do not linger long without buyer.
We have sold during the past two weeks an
orchard tract al Sunnyoaks OF thirty acres 10
c. Meader, for $4,000; ten acres 10 t. Springer,
for $4,000; ten acres to c. Robertson, for
$4,000; seven and half acres to L. E. Walter,
for $500; ten acres 10 J. II. Couch, for $4,000;
eighty-seven acres at Peso Robles for $40 900,
besides some minor sales OF city property. The
completion of the coast road from San Jose to
Los Angeles is looked forward TO with much
promise by the citizens here.
The number of acres bought by each in
a H11a n made
Oaks Tract, near Sacramento, to Eastern
colonists by Edwin X. Alsip & Co., are:
A J. Wool, AZ; William S. Gary, 20; Fred
Vekmeyer so; Ebert Ingals, %; Mr.. Arnold,
1917; c. l. Hubbard, 20; MI. Shepherd, l5;
Mr. Morrison, 10; Mr.. Shelton, 5; William
Weber. 5; c. A Gram, 10; C. NJ. Hyland, 10; +;
W. D. Clark, 20; James Harris, 5; c. NJ. Hoist,
10; Mr.. Baldwin, 81 f. Van Bergen, 1872; c.
H. Sidden, 10; Thomas Ward, 81: Mr.. Lester,
10; John irwin, 10; Irwin & Pierce, 10; Mag
gle Danielson, >; C. Roediger, 10; A. W Cally,
Ss15; DR.. Forester, 20; X. H. Trumbull 35: c.
J. Frobe, 26; c. Morrow, 20; K. Gates, II; Mrs.
W Wilson, %; 5. NJ. oliver, %; It. J. Baker.
1115; Mr.. Robinson, 10; Mr.. Langstrolh, 10;
William Howard, =; G. W. Tallant, Al; Mrs.
Coates, 1819; G. W. Shaffer, 1S12; W. G. Picot,
80; II. Grundman, 10; d. Williams. 10; Mr..
Hagris, 90; Mr.. Haven, 40; Mrs. E. Hills, ga;
H. Nickles, 5; E. NJ. Worse, 10; Mr.: Walker, 10;
A. T. Bracken, 90; s. O'Neal, 10; F. NJ. Elliott,
5 Mr.. Midland, B; Mr. Strong, B; etc.
The Bay Forest farm (Brittan ranch),
near Redwood City, San Mateo County, is
to be sold on the ground next Saturday by
McAfee Bros. of this City. AS it is a
choice body of land, we'll improved, with
splendid surroundings, and as the sale is
peremptory, a lively auction is anticipated.
The 50-vara lot at the northeast corner
of Bush and Sansome streets, with its four
story brick building, the property. OF
Murphy, Grant & Co., will be offered at
auction on the 28th of December by G. ii.
Umbsen d Co.
The real property of the estate of James
McGjnn will De sold at auction by Shain-
wald, Buckbee IL Co. on Tuesday, Decem-
Der 10. 1t comprises several lots at the
corner of Devisadero and Ellis streets, flats
on California street and lots in Richmond.
In addition there is long list of income
properties, making up an attractive cata-
logue.
Reports from the offices of Glenn O..
CarnalI of this City indicate that he is
making splendid progress in disposing Of
the Fair Oaks addition to Stockton.
Among the responses to the criticism
upon building and loan societies by
Joseph A. Leonard of Alameda is the fol-
lowing from James L. Fields, secretary of
the board of commissioners of the Build
ing and Loan Associations:
The plan set forth in THE CALL last Monday
by Joseph A. Leonard of Alameda is the same
as that given in his pamphlets and which he
saws bears per cent. In this particular he is
at fault as the rate is only Is per cent, that
is, $50 per month for 100 months will pay off
a loan of $2400, with interest at z Is per
cent If be desires to get q return of per
cent he must require monthly payment of
S3I O5 if the interest is due and payable at the
end of the month. or $31 25 per month if in
terest is due in advance, with payments
at the end of the month. Now as
to his figures on the building and
loan associations he says the average matur-
ity is l27 months. This l deny. The average
for 1894 was "a months, and that OF 1895 was
the same. Now, he takes the highest rate of
interest and premium charged by any local as
ISOLATION in the City, and calculates maturity
above the average of all in the State, which
is not fair. An association charging the
rates set forth by him ought to mature
in III months, in which event the
cost to the borrower would be 62l per cent;
and If it should take 120 months, the cost
would be exactly z per cent, as against his
z 1-5 per cent in reality, or 8 per cent, as he
claims; and if it should take the full average
of "a months, the cost to the borrower wonld
be only z 31-l00 per cent. From the very out
set there have always been promoters of better
propositions than building and loan associ-
atoms, but never a one has stood the test of
the application of the percentage of profits or
cost of a loan when applied to well managed
associa ton. The volume OF money that bor-
rover always pays out is not always q test of
the net cost OF his loan.