The San Francisco call., 1896-10-05

and tobacco once passed as coin. We can get
along without bread by substituting some
other staff OF life; and SO with any particular
commodity. But the human, or the inhuman,
family-except those of the finny tribe-would
find it extremely awkward to get on without
terra frma.
"since the beginning of the commercial his
tory cf the world the price OF land has con-
stanily huctuated. Like the tide, 1t Is con-
stantly either ebbing or flowing; like the fe-
vered patient, never at a standstill-either on
the upward or downward course. Real estate,
however, never recedes to the beginning
point.
"Unnaturaliy favorable conditions result in
unwarranted imitation of value, when boom
prices prevail. Then comes the change OF the
tide, and the market value of land, like all
things else, falls back. Following this comes
q general settlement of accounts The prop
erty-owners sigh. Some get discouraged, and
stagnant market. Now the wise man buys
land, and the foundation of great fortunes
are laid The tide that goes out must come
back, and the wise man rides on the incoming
tide, buys his property when everybody wants
to sell and sells when everybody wants to buy,
and thus fortunes are made. The tide Is out
now"
the following TO say in regard to the condition
of the market:
"In real estate. as in everything else, there is
growing prayer for the national election
day-that the end OF existing distrust and
doubt may be reached Business in real es-
tate last month September) was not SO good
as in the previous month Of August, vet people
who think OF purchasing, instead of waiting
should be buying, for after election we believe
that prices will be likely to stiffen. Present
demand is chiefly for small bus business proper
lots worth $3.50 to $500, and for houses and
lots worth $4,000 to $4,000. Some other safes
are be ng made, but properties OF the charac-
attention. Lately $I35, 600 was offered for a
property that $3.50 900 will buy. Other close
offers for properties have been made, but have
as yet resulted in nothing"
REVIEW OF THE RECORDS.
The total number of transfers recorded dur
ing the month OF September was 254, aggre-
eating in value $6l4, ,667.
During the past week there were LA trans
fers recorded
For the month of September the records
show that there were 2SS mortgages recorded
aggregating ST, Ola, l74.
The number of mortgages recorded last week
was III, aggregating $I72, LOG. The larger
ones. together with the security given, were
as follows: From the estate of Lewis P. Sage
to John l. Sa bin $4,000 on property in West
ern Additio block BOO on the north line OF
north 1872 :71s; from Jacob Dusenberry to
George Metcal.e $4,000 on property in So
vara block 1876, on the north line OF Geary,
1877 :6 west of Mason, north 137 :6, west 90 81,
south 1877 g. east 69 20; from the German Bank
to Harry Hershberg $4,000 on property In
IOO-vara block 395, on the southwest line OF
Sixth $50 southeast of Howard, southeast so
py southwest 30.
In September there were 179 releases
granted, aggregating 1857, ,119.
During the past week there were forty-four
releases granted. aggrrgating S161 ,26S. The
principal ones were: By Mary V. Baldwin to
Eva and George Metcalfe, $41, 900 Tor one year
at 61z per cent on property III 50-vara block
1875. on north line of Geary street, 137 g
west OF Mason street. west 137 IS by north
1876; by Jacob and Louis Dusenberry
to Harry Hershberg. $4,000 for hve
years at 611 per cent, on property in 100-vara
block 395, on southwest line OF Sixth street,
$50 southeast OF Howard, southeast 80 by