The San Francisco call., 1896-05-11
Several Important Transactions
Reported the Past
Week.
MANY AUCTIONS ANNOUNCED.
Record of Transfers, Mortgages and
Releases for April and for
the Week.

The real estate market jogs along at abou t
the same pace that IL has for some time past,
being neither better nor worse than il has
been for several months. The chief consola-
ton that dealers find in the present condition
of the market is tha it is an improvement on
a year ago. and more than an improvement on
the market of two years ago.. There is de-
mand now for good properties, but only at
what are considered rock-bottom prices. And
sales are Deing made right along. although
they are in the main small ones, big deals
being few and far between. 1t cannot be said
that any particular section of the City is more
favored than another by buyers, unless il be
the Western Addition and the Richmond dis
trict.
And even in those localities the preference
is not sufficiently marked to be worthy of spe-
cial comment When a deal or two little
larger than the ordinary run happens to be
made in any particular section of the City an
effort is sometimes made TO create an impress
sion that the section in question is receiving
more attention and has better future than
other portions of the community But these
spasmodic attempts TO boom some particular
locality occur almost stregularly, first in one sec
ton, then in another, and il is safe TO assert
that just low no one portion of the City has
any material advantage over the balance in
the matter of real estate activity.
San Francisco is now undergoing q process of
tlat Is the experience OF every large
city, and there is more or less of shifting of
business and residence districts The ten-
dency and drift in each case is in certain di-
rections but IL is difficult to foreshadow with
absolute certainty just where these changes
Will terminate. The enterprise of landowners
very often proves a potent factor IN these
changes of business and residence districts,
and in San Francisco it will probably be no ex-
eeptioD. Whatever the future may be present
prices of all properties in this City are such as
to offera guarantee 10 all who invest in real
q n nv daE TYlfT
The last issue of Thomas Magee & Sons Real
Estate Circular contains the following article:
CLAUS sPREcKELs AND BEET SUGAR.
To some OF his personal friends and directors
OF the san Joaquin Valley Railroad who went
one evening last month across the bay 10 see
Mr.. Spreckels OF and bid him good-by when
he started on short trip TO Europe, Mr..
Spreckels SAID that if his life was spared long
enough TO see the State making not only all OF
our own beet sugar. but exporting $50. .00O, 900
worth more of il TO the Atlantic States, then
phasis, 1--WE can easily do that within a few
years. The East now imports between $751;
600, 900 and 800 600 900 worth of sugar,
nearly all OF which, Mr.. Spreckels says. Cali
fornia can easily make. Mr.. Spreckels also
told his friends that he had repeatedly been
offered $4,000, 900 by New York capitalists,
with whom he has had previous dealings.
They want the money invested in California,
in his full charge and unhampered direction.
While Mr.. Spreckels is in Europe he will in
spect the great sugar factories of France and
ment in machinery and methods which may
be of use 10 him. Mr.. Spreckels bought over
5000 more acres of land, within reach of his
Watsonyille sugar beet factory, about six
weeks before he left, These lands were long
used for wheat, barley or oat growing, but
they are all right for beets, or Mr.. Spreckels
would not have bought them. The assertion
has been generally made that, now that wheat
raising does not pay as it used to, the most of
the land heretofore devoted 10 its culture
would practically go out of cultivation and
bring next 10 nothing.
Much of this land Will be used in beet cul-
ture- Beet culture has only begun. and its eX-
tension will withdraw from wheat growing i'm
mense tracts in the San joaquin and Sacra-
mento valleys, while, by reducing the wheat
area, it will tend TO better the price OF that
staple. Beets grown in France and Germany
yield to 10 per cent of sugar only; here our
lands yield IA to Is per cent, and without spe-
cial fertilization. There, but for governme (
bounties, the business could not be made sue
cessful. When California gets TO manufactur-
ing $4,000, 600 worth of beet sugar for an
nual export East, the shipment of refined
suger 10 Atlantic ports from Germany and
France. on which there is a heavy import duty
will greatly decline, if it does not entirely
cease.
REVIEW OF THE RECORDS
There were 103 mortgages recorded last
week, aggregating $353, 800. The principal
ones were:
BY the Hibernia Savings and Loan Society. ss2.-
QUO for one year, at 612 per cent, on property on
the northeast line of Tenth street. 225 feet north
west OF Howard, northwest 200 by northeast
Pisa; by the German Savings and Loan Society,
$4,000 for one year, at per cent, on property
on the northwest line of Howard street,
and Loan Society, $4,000 for one yesr, at
61z per cent on property at the southwest
west 5O:6; by the same, SCI, 900 for one year at
61z per cent on property at the southeast corner
OF Mission - and seventh streets, southeast 30 by
northeast 80; by Albert Meyer, S3S, 600 for one