The San Francisco call., 1896-11-09
REAL ESTATE
MARKET REVIEW
A Revival of Business
Believed to Be Near
at Hand.
The Savings Banks to Gradually
Resume the Loaning
of Money.
RECENT IMPORTANT SALES.
The Menlo Park Property in the City
of Los Angeles to Be Sold
at Auction.

Ine indications during the past week LOT an
early revival and quickening of trade, COM
merce and manufacture have been most pro-
pitious. Although the real estate market in
this City at the present time is inactive. .promi
nent dealers express the belief that decided
improvement for the better is near at hand,
ana look forward to the next few months
bringing these returns.
The savings banks express their intention
of gradually resumipg the loaning of money
which was almost entirely suspended few
months ago.
was effected by Shainwald, Buckbee & Co. in
the sale of the property on the north line OF
Geary street, west of Powell, which was for
merly occupied by the Union League Club
The lot has frontage of 80 by depth of
137:6 feet and the price reported is said to be
about 5000 front foot. Miss Juauita Layeaga
is the seller and A. Aronson the purchaser.
In place OF the old building now on the lot
plans are being prepared for six-srory struc-
borhood OF $4,000.
The following is taken from Magee's Circular
for October:
although four or five large sales or ex-
changes OF real estate were made in October.
the market generally was a very dull and
waiting one. The question of the election
ruled.
"There is an immense amount OF money in
investors hands-money drawn from banks
well as money gathered in from rents, pay
ment of debts, etc. There is likely to
be a very decided increase in real estate sales.
The rise in wheat and grapes. and the i'm
proved value of country landt which followed,
tend to benefit City real estate. Many persons
had their confidence in City real estate weak
ened by the continuous fall in prices of sgri-
cultural products, which began about five
years ago, and the reduced value of agricul-
tural lands which followed
There is still fair demand for lots worth
$500 10 $4,000 aud OF vacant lots of the value
OF $4,000 10 $4,000.
''All OF our city savings banks combined lent
only S3i0. SS5 in October, against 1865 275 n
October, 95, and 81 ,099 445 in October, '94.
Small as the amount OF money lent last month
was, too, the figures are larger than the facts,
for at least one third OF the mortgages recorded
were renewals OF old loans and not the letting
out of new money. Applicants for loans last
month were told that they could have all
the money they wanted in November
answer at all OF the banks-the officers of some
of which are prominent DemocrAts-it can
safely be asserted that such answer was not
born OF politics but OF facts which are not ell
within the control of bank directors.
Private lenders last month lent 1852, $40 on
city real estate mortgages. The rate OF utter
by savings banks. The total number OF mort
cages recorded in October was 3l5, OF the
total value oil $69o.5O7. against 173 releases
OF the value OF 1884 ,04S."
REVIEW OF THE RECORDS.
There were fifty-elght deeds recorded during
the week.
The mortgages numbered forty.eight and
were for total OF $73,604. Among them
were the following:
BY Robert ". and Catherine A. McCann to
the Hibernia Bank $4,000. for one year at 615
Der cent, on property at the south corner of
Tenth and Harrison streets 55X100 feet, and
CfNr1t h-yn limo of
Harrison. 2ox100 feet. By George H. Bqhrs to
the Humboldt Bank $500, for one year at Is
per cent:on property on the north side of Page
street, 156 :3 feet west of Scott, 25Xl37 :6 feet
By J. e. and A. w. NJ. Jens to Elizabeth L.
O'Connor, $1,000, for two years at per
cent per annum, on property on the northwest
nue., 90 :6x15 feet By William ii. McNeill to
Regina Scheyer, $4,000 for one year at T1S per
cent on property on the west side of Van Ness
avenue, 107 6 feet south of Vallejo street
30xl23 feet. By Adaline A Haskin and Mary
II. Porter 10 Hibernia Bank, $250O for one
year at 6H per cent on property on the south
% :6x12O feet. By William Linden to Hum
boldt Bank, $1,000 to January 4, 1898, at z
per cent per annum on property at the north
west corner of Twenty.four and Vicksb burg
streets. 50x114 feet. BY Emily Cressy to Hum.
boldt Bank. $3.50 for one year at 81 per cent
on property on south side of Post street, 275 east
of Stockton, Al :ox63 feet. BY Joseph l. and
Caroline Wilson 10 Hibernia Bank, $500 for
one year at 614 per cent, properly south
west corner of Filbe-t street and Van Ness
avenue, the northwest corner of Mason street
and Van Ness avenue. Bv DECIDE NJ. Taylor to
Sophie F. Chapuette. $4,000 for one year at 10
per cent on properly Oh the north side of Clsy
street, 11S:11a feet west OF Stockton, 1941zx
68 % feet.
The releases numbered thirty-eight and were
for $113, ,237. The principal ones were as fol-
lows:
From Henrietta s. Calef to Abraham Aron
son, $50 900 on property on north side of Post
street 1877 feet west of Stockton, 81 6x
1875 feet from German Bank to John Kerr,
$4,000 on property on the northeast side of
Eighth street 40 feet northwest of Minna, 40
x65 feet; from Moses Solomon to George Mid
dlemas, $500 on property in block II of the
Fairmount Tract; bv Mutual Savings Bank to
James &. Nolan, $3.50 on property on west
line OF Devisate Zero street, 100 feet north of Nc
Aliister, 751is5 sis feet; by Joseph Kitter-
$4,000 on property the east line
OF Sanchez street. 195 south of Twenty-third.
20x92 feet; by German Bank to Henry and
Elizabeth Cunningham. $4,000 on property on
west line OF Sanchez street, .i6 ieet south of
Jersey, 6Sx100 feet and lot on south line OF
Jersey street, 100 feet west OF Sanchez. 25x114
feet; by Hibernia Bank to Willard NJ. and
Eliza NJ. Smith, $4,000 on property on the east
line of Jones street. 90 % feet south of Jones'
22:1Ix6S:9 % feet.
be built By W. Mack on his property on Ere
mont street. recently purchased from the gas
company.
A. J. Rich & Co. report the lease of the store
al 81 and SO Kearny street for term of three
years at q rental OF $3.50 month.
Among the recent large subdivisions OF
property placed on the market is block OF
land in Richmond, between Tenth and EIev-
enth avenues, California and Lake streets
Boyee, Toy & Sonntag, the agents, have had
the property graded and the sewerage aud
street work surrounding the block all COM
pleted.
strip of land which will serve as the ex-
te nsion of Shrader street, between Beua h and
Frederick, was decided TO the City during the
past week by the Crocker Estate Company
The laying of the foundations for the Affili-
ated Colleges buildings Will be begun in lew
days.
The Western Addition is to have q new DO
lice patrol building the south side of
O'Farrell street, between Devisadero and Brod-
erick.
Plans are now being prepared for four
story and basement brick building the
property recently purchased by ]. F. Ormark
a the corner of Geary and Williamson streets.
The new structure will cost about $40, 900,
and will be arran ged with stores below and Il
boarding-house above.
The work of laying sidewalks on Folsom and
Alabama streets, from Twenty-sixth to Preoita
avenue. has thus far progressed in good shape.
There is disposition now, however to delay
the matter on the part OF two wealthy nom
resident property ty-owners who, 1t is stated,
have always been ready to retard anything
th st might tend to improve the neighborhood.