The San Francisco call., 1896-06-08
The Summer Dullness Accsl-
Grated by the Tax Un.
certainty.
MEASURES TO PREVENT IT.
List of Sales by Various Firms, To.
gether With the Weeks
Record.

The general quiet that has prevailed in
the market for the past month or more
has been added to by the uncertainty that
exists regarding the action of the Board Of
Supervisors concerning next years tax
levy. 1t was the general hope, if not ex-
pectation, that calculations would be made
to reduce the tax rate this year. and if this
should be done it would stimulate the
market more than anything that could
happen just now. That repetition OF last
years levy will not occur without big
fight is certain. A concerted movement
will be made by heavy taxpayes and others
who are interested to ward off this I'M
pending danger, and plans to this end are
now being quietly formulated.
"Land is the basis of all values" SAYS
Blackstone; and when through the me-
dunn of high and excessive taxation land
values are greatly deprecated it strikes
blow at the community that is the victim
of such wrong that is far reaching in its
effect. 1t is to be hoped, the real estate
men say, that the Board of Supervisors
will be made to realize the injury that the
proposed tax levy would prove to San
Francisco and that instead a reduction
from the 225 rate of last year will be Sc
cured.
quiet market during the summer
months is generally the rule, but this year
the dullness has commenced earlier than
usual and brokers assert that it is brought
about by this uncertainty in regard to
next years tax levy.
REVIEW OF THE RECORDS.
There were slxty-nine mortgages re-
corded last week aggregating $177,946.
The principal ones and the security given
were as follows:
By the Hibernia Savings and Loan So
ciety for one year at 615 per cent, $1,000
So. 60 to "a, rs, 70 to 80, 81 Ill to 128 80
to 1876, III to IA, 49, 152, 153, 159, 161, 163,
1872 and 1877 to 200 of the Heyman Tract;
and by the same for one year at 619 per
cent, $4,000 on property on the west line
of Franklin street. 103:1K feet south OF
Fulton, south 103:1k, west 7:6, north II,
west 1876, north 20:3, west 4:6. north 31:6,
west 10, north 34:411 and east 1876
The number of releases recorded last
week was SO, aggregating $345,225. The
principal ones were:
By Emily Hopkins, distributee of the
estate of Moses Hopkins, to Jacob Hey
man, STA 900 on lots 1 to IL block "a, lots
IA to Is block %, subdivisions of San MI
guel rancho, an d on land bounded on the
east by Douglass, on the south by Eliza
beth, on the west by the Ocean House
road, containing 1879 acres; and by the
Hibernia Savings and Loan Society to
Mary A. Bailey, .$95, 900, on property on
the northwest line of Market street, 52:1N
feet northeast of Golden Gate avenue,
northeast so, northwest S0:10, south 1913,
west 13, south %, west 81, southeast 20.
There was some Improvement shown
last week in the number and amount of
building contracts recorded the past week.
The number filed was twenty three, ag-
gregating $87, 191. The particulars of these
contracts were, as usual, given each day as
filed in THE CALL.
There were just an even hundred trans
fers recorded last week.
During the month of May there were 402
mortgages recorded, aggregating 81. 1885,
523. There were 234 releases granted dur
ing the same period, aggregating 81, 389, ,533
MISCELLANEOUS NOTES.
To-day at noon G. II. Umbsen & Co. will
offer at auction the old French Hospital
property on Bryant street; also a large
| list OF miscellaneous properties. most of
which are very desirable.
| Shainwald, Buckbee Il Co. have sold for
| Irving NJ. Scott to a Philadelphia lady a
portion of the fifty-vara lot recently pur-
! chased by him from ]. B. Randall, and To-
Gated on the northeast corner of Washing
| ton ana Laguna streets. The piece sold is
SO :2x127 :SL, and the price was $4,000
| The lady who purchased the lot intends to
| erect thereon q residence for herself. The
same firm has sold for Alfred Bowler his
| resid ence on the north side of Broadway,
east of Scott street and adjoining w. F.
| Herrin' S dwelling. The lot is 50x100 and
the consideration was $4,000. Shainwald, |,
| Buckbee & Co. also report the following
| sales:
| A lot 25x7O, on the south line of Twenty
| first street, near Potrero avenue, 800; lot,
| 5Ox125 on the west line of Church street, near
| Sixteenth, $4,000; lot on the west line of
Tenth avenue, near Clement, 25xl20, 5000 /;
| lot and improvements on the north line Of
sutter street, 25 feet east of Jones 21x65, $40,
| 700; lot Al :5x120, on the stline of Eleventh
avenue, near Clement, $1,000.
| Sales are reported by G. H. Umbsen d
Co. as follows:
! improvements at 4o7 and 400 Octavia street
and lot 34x85. $500; improvements, 1166
Haight street, uld lot 27x120, $6350: i'm
provements, 90S and 910 Geary street, and
street, and lot, ~ :6x120 to rear street S965O;
four lots in West End Map 2, $3.50; lot SO Xix
| 114 north line OF Twenty eighth street, 101 10
east of Ellen, $500; lot 30x120, west line of
| third, $2400; fats at 1868 and ITO
| Howard street, and lot 25x75, $3.50;
chez chez street, a6:6 north Of Elizabeth, 5000
/ eacn; three fats at 10 Walter street and lot
25x100, $4250; Improvements at 124 North
! avenue and lot. 25x129 %, $lS25; improve
ments and lot, 25x127:6, north line of Wash
! fngton street, 1906 west of Buchanan,
| 1852 so; improvements and lot, 26x100, east
| line of Wisconsin street, 27S north OF Sierra.
| 5000; lot on east line of Lyon street. 30 Isl (
/ south OF Jackson, 30x91, P24oU; improvements
at "a Norfolk street and lot 25x55. $110o.
Henry P. Sonntag of the firm of Bovee,
| Toy & Sonntag is directing movement
of property-owners to prevail upon the
Supervisors to rescind the order which de-
clares Golden Gate avenue a boulevard be-
tween Van Ness avenue and Market. 1t
| is contended that this portion Of the
avenue is needed for business purposes,
and it is hoped that the board can be in
duced to see the justice of these repre-
sentations and grant their petition.
Easton, Eldridge g. Co. will, on Satur
day, June 20, offer at auction about
seventy-ive building lots, desirably located
in Redwood City. On the 9th inst. they
will hold an auction sale of some of the
finest property in Santa Clara County,
being none other than portion of the
famous Murphy ranch, located within
about eight miles of San Jose. This is
considered as choice land as there is in