The San Francisco call., 1896-12-28
REAL ESTATE
MARKET REVIEW
Strong Faith in Land Is a
Pronounced Feature of
the Situation.
Second Installment of Taxes
Will Become Due in
Two Weeks.
Impor tant Sale of Kaarny Stree
Property Effected During the
Past Week.

existing confidence and strengthen the feel
ing of satisfaction in the outlook for the
future which generally prevails.
Values are not likely to soften. In some Sec
tions, perhaps they may have reached their
zenith for the present, while in other direc-
tions the probabilities rather favor enhanced
prices the dwelling area extends.
Real-estate trade during the year now near
ing its close may not have came up to the
full desire of agents generally, yet the record
presented should be satisfactory to all con-
cerned when surrounding circumstances are
taken into consideration.
The preceding year was one of trouble from
almost every business standpoint, and time
Yves necessary for recovery. Sudden shocks
in financial or business circles cause greater
or less feeling of uncertainty. and operators
in any community move with much more
caution as consequence. Slow movement in
real estate during the past year was therefore
to be expected.
Land is the basis of all values 1t is the
foundation on which res is the financial fabric
OF communities and nations. Bankers and
capitalists loan money on national bonds
simply because countries and working popu-
lation are back of them. The same applica-
tion exists with regard to local securities, for
which the credit of a community or a district
may be pledged.
Realty is sonnet thing that does not vanish
1t may be- handled with both profit and loss
bv speculation, it is true. but the substance
itself still remains. Land investment in the
princely and even colossal fortunes FOR people
who happily bought at the right time.
III many of the couptries of the Old World
land is the property entirely of rich people.
Opportunities for ownership OF homes by
working folks are almost unknown and the
masses have to be content with rented prem
ises all their lives.
Even if land were available for purchase by
wage-earners in Europe, the paucity of the
remuneration for labor would not admit of
buying on the part OF working people. What
satisfaction ought f0 ha
American artisan when he can put by small
sum every week or month for the payment of
permanent shelter for himself and family
1t Is duty incumbent on every parent who
is not EN- Embarrassed by sickness or family
trouble, to make effort to buy q home
This can be done with greater ease in San
city.
Lots. or houses aud lots, of large or small
size, hlgh-priced or loW-prlced. can be bought
on terms suitable for almost every BUYER
For those who have not already started on
the road for the requirement of a home it
would be well now 10 make beginning The
advent OF new year is an opportune period
for a start in the premises. The coming year
promises to be more advantageous for such
purpose than the two or three which preceded
it, because property is away down and BUYERS
now viii have the advantage of whatever ad-
vance is sure to come sooner or later.
REVIEW OF THE RECORDS.
There were 103 deeds placed on record dur
ing the past week.
There were fifty-Seven mortgages filed and
aggregated $143, 1872 among them being the
following: By the Crocker Estate Company
to George w. Hinkel, $4,000 for two years on
property at the southwest corner of Shrader
Hibernia Bank to Mary j. Lehman, $1,000 for
one year at 6 per cent on property on
the southeast line of Marke: street,
Sg 1o the Bsnk Of to and oso
Miles, S12. 600 for one year at 81 per cent
and $1,000 IN installments on property on the
west line OF Valencia street, 325 :315 south of
Twenty-third, south 25 west I7I:e56 north
east 1929, east 1853 :312, and on the east line
OF Valencia street. $50 feet south of Sixteenth,
south 80 by east 20; by the French Bank to
cent on properly on the northeast corner of
Guerrero and Eighteenth streets, north lOS :6
east 141 north so. west l, north 8, west 3:3,
south IL a, southeast 5S:2, west 45 :OI, south
100, west 149 :03A by the German Bank to
Peter L. Mcclure, s6500 for one year at per
tavia street. SO north of Grove, north
$50 by east 1876; by the Fairmount
Loan Association to Romain C. and
Caroline R. de Boom. $4,000 for eight
Tract; by the Alliance Building and Loan
Association to Richard Spreckes. $4,000 Tor
six years at 2 per cent on property the
northwest line OF the Park road, 100 feet
northeast OF Frederick street, northeast so,
west 125, south so, east 1885, by the Hibernia
Bank to Mary A. Sherwood, $4,000 ior one
year dL O12 per cent Oh property on Inc south
line OF California street, ITO feet east of Bu-
chanan, east 27:6 by south 1875; by the
same TO Thomas Scale, $4,000 for one year at
81 per cent on property on the north west
corn of First and Clemennna streets. north.
west 80 by southwest $50; by the same to
Alexander II. Crew, $4,000 for one year at 615
per cent on properly on the south line on
O'Farrell street. 1873: west of Jones, west
22:l1 by so1th 1876, and on the south line of
o. Farrell street, 1875 west of Jones, south
1877 :6 Ly west 40 10.
ha raIo rtt,r hara ~ n
for a total of $173, ,592. The principal ones
were as follows:
By the Security Loan Association to ]. J. and
Ida ]. Cordy, $3400 on property on the north
line of JERSEY street, 1888 feet west of Castro
west "a :4x114 feet; by The Hibernia Bank to
James Humphrey, $2500 on property on the
east OF Buchanan street, 27:6x120 feet; from
the Hbernia Bank 10 Elizabeth II. and Ed
ward Il. Coe. $1,000 on property on the south
west corner OF Union ana Laguna streets, west
37:6 by south 100, aud on the south line of
Union street, 81 :6 west OF Laguna west so by
south 100; from the same to Thomas ID. Ror-
dan, $4,000 on prop rty on south line OF Pacific
avenue llo east OF Buchanan street, east 20
by south 127 :S14. and on the southwest corner
of Greenwich and Webs ter Streets south 40
by west 137 IS; from the same to Timothy f.
and Mary F. Migill, $4,000 on properly
on the southwest corner of Steiner and
Ellis streets. west 80 by south 25; from the
same to Mary A. Gallagher, $11, ,05O on prop
erty on-the southwest corner of Pine and Web
ster streets, west 2S3 by south 100; from James
NJ Haven (marginaD to William II. Jordan,
$11 900 on property on The nor rthwest corner of
Jackson and Spruce streets. west 1876 by
north 127 :S14; from the German Bank 10 Solo
mon Wangenneim, $55 900 on property ON the
southeast corner OF sacramento and Davis
streets, south 81 e by east III.
There were twelve building contracts re-
corded during the past week, representing an
outlay of $4,000
NEWS ITEMS.
A week from to-day the second installment
OF real estate taxes will become due.
0. +. Won Rhein & Co. will hold an auction
sale of realty on January %.
Contracts will be let this week for the build-
ing OF the Mission Grammar School.
The property at the northeast corner of CLAY
and Baker streets, 31x1O5 feet, with improve
ments, has oeen sold for $5625.
Tne sale OF piece OF Kearny-street propertv
on the east line and north of Bush street, is
reported by ShainwGld. Buckbee & Co., the
price realized being $4,000. The following
sales are SO reported by the same firm:
house and lot, % S:9x127 :ol4, on the north line
oil Clay street, near Devisauero, for $1,000: u
lot Z5xlOO, on Potrero avenue, near TWENTY
second street, for $1,000; a lot 81 :5x137:6 on
the north line OF Bush street. near Laguna for
$l2, 900; two lots, 25x100, on Eleven, h ave-
nu', between Clement and California for 5000
eacn Two lots on Lake street, near Eighteenth
avenue. for $4O0 each, and fifteen acres of land
in SAINTS Cla a County for $4,000
A. j. Rich IL Co. make the following report of
recent sales: From s. Campbell to w New
man an unimproved lot, 100x137:6, on the