The San Francisco call., 1896-03-30

income of 51l to per cent, rather than to
accept tie low rate that the banks would
be compelled to offer.
"This is one of a number of indications
that point to the creation OF a good demand
in the near future for investment proper
ties. Even now there is noticeable in
crease in the inquiries for small flats, medium
business properties, etc, that are yielding
fair rate OF interest on the investment"
No matter what diverse opinions are enter
tafned regarding the present condition OF the
market il cannot be denied that now Is the
most favorable time seen here for years in
which to make purchases for investment pur-
poses Values will never be lower, and in the
course OF reasonably SD ort time turn IN the
market is bound TO come and prices generally
will take an upward turn. The present market
is not one that suits the speculator.
He is one who wants to buy to-day and sell
tomorrow at q handsome advance, but as a
rule no matter how successful he may be in
his operations the value OF his estate when he
dies does not compare with that OF the shrewd
real-estate investor. The striking instances
OF the wisdom of the latter's policy can be seen
in any large city Of the Union. The Astor es-
tate. one of the largest in New York City, is
made up principally OF reaEestate holdings,
the result of many years careful buying. In
this City there are many similar cases, al
though on a smaller scale, among some of the
notable ones being the Fair, Parrott, Luning,
Hobart and other estates as well as numerous
individuals.
An abiding faith in San Franciscos future
growth and greatness is what prompts and
|. has prompted these extensive inyes tments in
real estate, and it will be noticed that such
estates will constantly enhance in value each
year. The days for 10 per cent per annum in
yestments, either in real estate or other lines
OF securities, are over and the sooner that In
tending investors become reconciled TO the
acceptance OF an average net return of from
5l% TO per cent the sooner will come about
that steady volume of business in the realty
market that is the accompaniment of the
prosperous and progressive days OF all well
settled and growing cities.
last week the principal business done was in
the auction rooms, although number of
other sales were made privately. This week
promises considerable activity. Three differ
ent auction sales are to be held, and the in
uuiry about the various properties to be Of
fered as well as the demand for catalogues. in
dicates good attendance and possibly consid-
erable competition in bidding in some in
stances.
REVIEW OF THE RECORDS.
There were ninety-two mortgages recorded
last week, aggregating 1896, ,237. The princi-
pal ones were:
BY the Security Savings Bank for three years at
per cent, S15,000 on property at the northwest
corner of Post and Powell streets, 25x60; by the
German Savings and Loan Society for one year at
61s per cent, 5000, on property on the east side
of Howard street. so feet north of Eighteenth 75x
l22 6, and on property on the west side OF Shot
well street, 1I5 feet north of Eigh eenth, 25x
| l22 6: by the Hibernia Savings and Loan Society
for year ct ~ per cent, $4,000, on property
! the southwest corner or MISSION ana sixteenth
streets, 100x100; by Thomas Magee for three
years at per cent, s26 900, the undivided one
| half of property on the southeast l ne OF Folsom
street, 161 6 feet northeast OF Third, 25xl00 and
on the undivided one-half of property the
corner of Clay and East streets. 142x117:6: by
| wear at 61a per cent, 81 600 on property on the
| southwest corner of Fourth and Howard streets,
| 3Ox35: by the Mutual Savings Bank for two years
| at per cent, $4,000 on property on the south
line Of Stevenson street, 17o feet west of Seventh
| l55x75: by the Hibernia Savings and Loan So
2sl-
| property on the south line of Broadway, 127 :6
east or Cough street, 31x137 :334 and property
| Van Ness avenue 81 :6xI2O. and by the same for
one year at 61a per cent, 81 coo property at
the southeast corner of Army and Kansas streets
433x2O0
The releases granted last week numbered
forty-fve, aggregating 500, 1896.
There were 127 transfers recorded last week.
Twenty-three building contracts, the par.
ticulars of which are published each day in TIL
CALL, were filed last week, the aggregate being
$102, 2,513.
AUCTION SALES.
To-day G. H. Umbsen & Co. will offer at auc-
ton miscellaneous list OF properties, as fol
lows:
The northwest line of Brannan street, so feet
southwest OF Fourth and the premises 2O6
Twenty-fourh street, which will be sold by order
order of individuals: l2e-ls1 Page Street and
136-l3612 Rose avenue; 39S039S2 Eigh teenth
street; south line of Clinton Park 130 east of
Dolores street: 1919 TURK street; northeast cor
ner Pine and Polk streets: North Bush street.
1878 feet west OF Laguna.; 1l-13A and 13R
Polk street; 1884 Fair Oaks street; 9lS-920 Post
street; line of Sanchez street. 20 6 feet north
OF Elizabeth; 343-345 Fremont street: $40 Tre-
mont avenue; 1909 Green street: south line of
Elizabeth street, 125 feet east of Douglass; 4lO
Duncan street.
Tomorrow Tuesday Easton, Eldridge & Co.
will hold an auction sale, at which choice list
OF properties will be offered. The catalogue is
as follows:
a mart of ;be original H Grace .Hawes astata.
namely, the lot 100xlS5 feet, the south
corner OF Ninth and Howard streets, covered pv
five stores five French fats and six residences
and a lot Al 4x100 feet with four French fats, on
the north line of Howard street and the south
ner of Caroline street. Other offerings will be the
residence on the southeast corner of OFarrell an
Cough streets lot 60x137 :6: the southeast corner
OF Capp and Adair streets lot 25x75 feet; the res
idence 2O29 Vallejo street, east OF Buchanan: two
French fats at BIG and BIB WashingIo on street.
west of Baker: the southwest corner OF Castro and
Twen " fifth streets, and lot and improved prop
erty in Pataluma-
On Thursday of this week O'FarrelI & Co.
will offer at auction some choice residence
property, beside line of speculative and in
vestment properties. The list includes:
Property on Turk street, near Van Ness avenue:
lots on Scott and Grove Streets opposite Alamo
Sauare a lot on Page street, near Laguna. Ever
ett and Sanchez streets property OF executors