The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-01-11

First, Fremont and Beale, between Mission
and Howard. So many foundries and factories
have within the past five years moved away
from there, and rents have been so reduced
that naturally the prices paid were very low.
The excitement and fear awakened by the
Presidential election greatly intensified the
prevailing dizziness. Sales for SIX weeks or
two months prior TO that event almost ceased
here they did elsewhere.
1.-The real estate outlook is that prices OF all
lots IN dwelling regions that are within con-
venient reach OF cable or electric cars viii not
fall further. The tendency Will be upward,
although we look Tor little advance in prices
Of any kind OF dwelling property, of either the
first, second or third class this year. Prices OF
the TWO latter kinds OF property have fallen
since May, 1891, % TO 40 Der cent. Many
new houses, costing 81 500 10 50, 900 each,
have within that time been bui Ia the dis
tricts where these reductions occurred and sew
eral fast electric-car lines have been built
out 10 them. These AIDS to progress and in
crease OF improvements OF course tend 70 a.
vance prices and they would have so advanced
last wear, but the pernlclous effects OF the in
hation OF 1889 TO 1891 have not yet been
wholly erased, and no immediate advance OF
prices can therefore yet be looked for.
Business properties of any kind, present or
prospective, paying anything ike fair net
income VIII ho.d their own this year The
best business properties on Market street GER
tainly will. and the next best, near to Market
street. whether wholesale or retail, but
peclally the latter, Will not at all be likely to
show weaker prices Reduced prices for the
latter class of properties were exhibited at u n
auction sale last year. One OF the parcels was
on Kearny, north OF Suffer; another on
Montgomery, between Bush and Suffer- and
the third was on Market streeS itself south
west of First.
complaints of a dead real estate market
and loud com plants OF the existing dizziness
of business will aid one. Money and hard
work are needed to revive both, and both
money and hard work have been expended
largely and wisely on the San Joaquin Valley
road. Large dividends of city growth and
prosperity may soon be expected from that
road as well aS fair dividends 10 its stockhoid-
ers. But very much more work and expendi-
ture are needed to push the City ahead, to bring
prosperity and to keep up, as only can,
with rivals who have been lavish in the ex-
penditure OF both. We hope and believe that
Francisco IN the foreground will be torthcom-
ing. The City's growth cannot be permanently
retarded unless our own culpable supineness
permits it,
W. H. Grim, one OF the Oldest real estate
brokers in San Francisco, and one who has
seen many ups and downs IN the business as
regards the fluctuations of the realty market,
has rather decided opinions about real estate
matters. He inclines strongly to the be lei
that there is going to be a steady demand for
property The gentleman asserts that quite
large amount OF private capital is material
IL ing either for loans or investment in real
estate
He says that idle money has become restless
and he feels confident that before long there
will be great deal of money in this cornmun-
have beneficial results on real estate and local
interests generally. He claims that whine
business affairs have been somewhat ont OF
joint for the past few years. the community
a whole, is n better condition than WOULD
be generally exI ected.
The following table is record of the
amount OF mortgages and releases recorded
during the past year: