The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-12

eidedly encouraging, the bidding is more
alVely ana the public remain throughout the
suctloL Whlch SHOWS q growing desire to in
form themselves respecting prices now obtain
aole. Pr1vate sales are certainly quite flatter-
ing ana tne inquiry for property has increased
at least 90 per cent within the last two months
and the buyer and seller approach each other
III tne l nrst presentation of property much
nearer than last spring. The seller who has
lucas OF Valne approaching what they were
tnTee years ago is left out in the cold while
sellers VINO are ready to meet the present times
and prices can dispose of their property
Q; f. Won Rhein, one OF the City's oldest
brokers', said
oondltlons are. constantly changing and
PROOF is not wanting to show that even those
VINO enjoy the reputation of experts have not
been able always to foreten the influence of
changed local or National political and indus
trlal conoltlons upon the real estate market.
commenced we predicted-when l say we 1
mean, practically, all realty dealers
that, in six months or a year things
would revive. We have repeated this predic-
ton since every year, but the market has
steaolly fallen In spite OF that fact feel con-
hueht tnat now we stand at the threshold of
. petter tunes. Do you ask why? Because for
the last 1orty-five years periods OF activity in
san francisco have lasted four or five years
ana nave been followed by periods of dizziness
iastlng also four or five years. This rule in
tnls Clty mas prevailed nearly so long as 1T has
been community, and to my mind the i'm
proved conditions now already prevailing in
the Eastern States are the forerunner OF re-
newed business life in San Francisco; for our
next period of four five years of lively times,
according to the rules of the last forty-fve
years, is now overdue.
Henry P. Sonntag of Shainwald, Buck
bee d Co. on the spur of the moment said:
The prospect of this falls trade in real estate
is certainly very encouraging and we expect
considerable activity The sales for the past
six months have exceeded the sales OF the first
six months of 1894 about $4,000 600, and we
anticipate that the last six months OF this year
will much exceed those of 1894 in volume OF
transactions and number of sales. The Hlbern1a
Bank having reduced its rate OF interest from
per cent to 81 per cent is an Involvement to
purchasers to invest in realty. The rate OF
taxation, which no doubt will be increased
about one-half of l per cent, making 1t in the
neighborhood of 81 10 for State and county,
Will necessitate a reduction OF interest by the
savings banks to the depositors. Mortgages
are taxed for their full value, realty about 90
per cent of its selling value. This Will, no
doubt compel large deposltors IN savings
banks to withdraw their money and invest in
realty in order to increase their percentage
The benefits which are sure to be derived by
the completion of the Valley road no
doubt will necessitate other roads to be built
into San Francisco, and these Dement'S will, no
doubt, be discounted by shrewd operators, who
VIII purchase property with view OF receiving
the increased values in the future.
Besides the large accumulation OF money In
our savings banks and commercial banks,
which eventually must seek an outlet, as 1T
their money unless the real estate market is
more active. OF course certain parts OF San
Francisco are continually advancing owing TO
the expansion of that portion devoted to busi-
ness purposes, and shrewd operators are pur-
chasing property in these localities, believing
in their future. If people will but review the
market and go back forty years and take the
valuation of some of our finest located bust
ness blocks and take the present value into
consideration they will readily see the vast
amount OF money that could have been made.
rTrIS G n n 1n hat nTOp n
have sold some of the most valuable property
i'll San Francisco many years ago for mere
song. That property was purchased by people
who came fifteen years later, and thereby have
become rich while the pioneer has lost all
From the records 1 have known of many in
stances. l note one where two fifty-varas were
sold on the north side of Market street, oppo-
site First street. in 1850 for the sum of 81.
To-day this property is worth at least half
million dollars more. very good investment
for 81.
BUSINESS OF THE WEEK.
The most important loans of the past
week were the following: By the Pacific
Loan Association, $14, 900 for six years at 7
per cent on the properties 25x110 on the
north line of Post street. 112 e east of De-
visadero, and 25x137:6 on the north line of
Geary street, 81 6 west of Hyde street; by
the Hibernia Savings and Loan Society,
$4,000 for one year at 81 per cent on the
properties 26:8x50:5 on the west line of
Kearny street, IS north of California, and
30x137 IS on the south line of Bush street,
137 IS west of Hyde; by the German Savings
and Loan Society $24, coo for one year at
per cent on irregular shaped lot in 100
vara block 325 at the east corner of Mission
and Main, southeast 1873 A. northeast 1876,
etc, and SIS 600 for one year at 612 per cent
on 81 :6x137:6 on the south side of Turk
street, 137 IS feet east of Hyde street; by
the Hibernia Savings and Loan Society,
$500 for one year at 81 per cent on the
property 75x65 on the north line of Six
tenth street, lis feet east of Valencia
street, and by the same bank $1,000 for one
year at 81 per cent on the property 137 tx
137 % on the southeast corner of Post and
Baker streets.
The largest releases granted were: By
the Union Trust Company of San Fran
cisco, $45, 600, on the properties 34:4M by
70:6 on the south line of Clay street, 103 III
east of Dupont street; lot so by 200 in
block AZ, tide lands, on the southwest line
of Second avenue. 100 southeast of n
street; lot $50 by 200, block as, tide lands,
on the southwest line of Second avenue,
40 feet northwest of L street, and prop
erty in Alameda and Santa Clara counties
by the German Savings and Loan Society
to the Freie Deutsche Gemeinde Won San
Francisco, $4,000, on the lot 34:4L by
1877 IS on the north line of O'Farrell street,
103:1H west of Mason street, and by the
oidliSClo ouo1uoSS ASSOCidllOll, plt,OOO Oh
the property 34x127 :1015 on the north line
of Pacific avenue, 17l:6 east of Cough
street.
The transfers, while quite numerous,
were unimportant in character, the largest
being from John WOOL and George B.
Roosevelt, executors of the estate of Fanny
White, to Jonas Schoenfeld, of the prop
erty S7:6x87:6 on the southeast corner of
Post and Buchanan streets, for 200.
Z. 5. Young reports sales amounting to
little over $15,0 900 in the Searchlight Adj
dition to Stockton during the month of
July.
Victor Duboce of the City department of
Easton, Eldridge d Co. reports the sale of
an $4,000 residence this week.
FL. E. Poehiman reports the sale of a lot
3Ox114 on Jersey street, between Noe and
Castro, for $1050, and portion of block
in the Abbey Homestead.
A. M. Speck & Co. report the sale of two
flats, with lot 25x114, on Elizabeth street,
near Castro, price withheld; and three
flats and lot 25x90 on Howard street, be-
tween Eighth and Ninth, for $500.
The Syndicate Investment Company re-
port sales amounting to $500 This COM
pany is handling Rancho de Novato, stu
ated twenty-six miles by rail or water
from San Francisco, which it is selling off
in small holdings of two to fifty acres. No