The San Francisco call., 1897-02-15
REAL ESTATE
MARKET REVIEW
Trade Journals From ALI
Quarters Report Increas-
ing Business.
Land of Any Real Merit Touched
the Bottom Notch Dur.
ing 1896.
An Exp,rt's Op MON on the Condition
If the Market ard the Pros.
poets for the Future.

Ing upward ana the market mas assumed
more satisfactory tone.
The noticeable Improvement in the business
outlook which followed the election has con-
| tinued, though 1t cannot be said that the
! prospects OF general rise of prices is very
brilliant. In other words, while the gloom
and uncer tainty which hung over America n
industry and commerce. as q result of the tariff
| agitation and threats of the Democratic party,
while the paralysis resulting from uncertainty
in this regard has been largely relieved by the
defeat of the Administration and its policy
still it must not be forgotten that the univer-
| sal depression which rests upon the whole in
dustrial and commercial world cannot be en-
| tirely removed as to this country by any local
| political event.
Nor did the Republican leaders or press
promise during the campaign that a Repub
| ican victory would imm ediately restore prices
| and values, without which it cannot be ex-
pected that production and trade will assume
rapid upward tendency. What the Repub-
| llcans did promise was that a repud alton OF
| the Democratic party and its free-trade policy
would disSipate the gloom and uncertain ty in
that regard and 10 that extent effect q revival.
That result has been achieved by the Repu b.
hcan victory.
In a recent: in terview with Thos Magee, the
| well-known real estate agent, who is consid-
cred an authority on all matters pertaining to
! landed interests he spoke rather cheeringly
| of the prospects for better times. az think %
| said be, that all real estate having any real
| merit touched bottom in 1896. This City,
| he continued, ais entering upon new era,
and the San Joaquin Valley Road will be a
very decided factor in this change. San Fran
! cisco can. before long. compete with the East
| when railroad rates will have been reduced in
| other parts of the State as they have been
! through portions of the San Joaquin Valley
since the Inauguration of the Valley Road.
1.-The old rule of all that the traffic will bear
has been permanently broken, and the old
monopoly and the new road alike viii aid all
| sorts of development in the great valley by
| charging reasonable freight rates. The next
| most important aid to City and State growth
| and progress is the growth of beets and sugar
| beet manufactures.
"The revival of gold mining on a legitimate
basis is another strong factor in favor OF prog
| ress. Aud last, but by no means least, in the
! line OF advance, Is the subdivision of large
! acreage into small tracts. When the next
exodus OF farmers comes here from the East,
| they viii be accomm odated with farming
! lands at farming prices
"The outlook for better prices for wheat
| fruit and wine is good but perhaps the most
cheering fact of all is that the water in jected
into the prices OF farming lands by booms and
boomers has been nearly all squeezed out.
Hard times low prices tor land products and
| many foreclosures of mortgages did this. All
OF these things were recorded as misfortuneS,
| and they were misfortunss, too, but mis-
fortunes not without some compensation.
"Ihe real estate outlook is that the prices of
all lots in the dwelling regions that are within
convenient reach OF C BILE or electric cars will
not fall further. The tendency will be up
ward, although we look for 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, 25 TO 40 per cent.
| Many new houses, costing $500 to $4,000
each. have within that time been erected in
| the districts where these reductions occurred.
and several fast electrician lines have been
built out to them. These aids 10 progress and
| increase of improvements, of course, tend to
advance prices, and they would have so ad-
vanced last year, but the pernicious effects of
the imitation of 1889 and l S91 have not vet
vance of prices can therefore yet be looked for
Business properties OF any kind, present or.
prospective, paving anything like a fair net
income, will hold their own this year. The
best business properties on Market street GER
tainly will, and the next best, near TO Mark G t
street, whether wholesale or retail but espe-
ciaIly the latter, will not all be likely to show
weaker prices.''
The most important transfer in realty re-
ported during the past week has been the sale
of the property at the north corner OF Second
and Mission streets to Wells, Fargo & Co foT
the sum of S125.00o as it is reported. The
lot has frontage of 157 feet on Second by 112
feet on Mission and New Anthony.
w. H. Meeks, Gustav c. Lands and George
A Low are the sellers.
REVIEW OF THE RECORDS
There were 123 deeds placed on record dur
ing the week.
The mortgages numbered eighty-four and
were for total of 1851 $50. The larger one,
were as follows: BY Germa Bank to Will am
II. Howard $4,000 for one year al per cent
| and
Sansome, east 109 south 500, east 2 a south
59:9, west l Il, north 1896.
BY John Huston to NJ A. Dorm S15 600 for
east line Of Powell street, s5 feet south Ht OF
Geary, south 80 10 by east II Il; by the French
Bank to Jane MaItel $13 500 for two years at
81 per cent on property on the north line OF
Ell S, 1877 west OF Jones, west 3S by north 12O
and on the east line OF Kearny, 81 3
south OF Clay, south 81: 81 By east 22:II;
, by the Mutual SAVINGS Bank to George
b. and Susanne NJ Richard, $4,000 for one
year at z per cent on properly on the south
east corner of Twentieth and Capp streets, east
so bv south 100; by the Hibernia Bank to
, Daniel Sheerin, $4,000 for one year at 6II per
cent on property on the southwest corner OF
, Ellis and BrodeTi;k, south 200 by west 100,
ana on the north line of Geary 2l5 east OF
Broderick east 81 % by north 125; by the
Humboldt Bank to Richard and Margaret Cur
ery on the og ge gea 81 At per o
Iwenty-second, south 45 by west l22 IS :
/ by the same to Clinton Jones, $1,000
, on the north line of California, i37 &
east OF Buchanan, east 53:9 by north
1875 by Szd6o the &c German Bank TO Charles L.
Hill kel, $1,000 Tor one year al per cent on
property on the southeast corner OF Beulah
and Cole, south rs by west 100; by the Cali
fornia Building and Loan Association to OIL
yer c. II aslett, $4,000 for six years at per
, cent, on property on the northeast line OF
First, zoo - southeast OF Harrison. southeast
$50 by northeast 1875; by the Hibernia
year at 613 per cent. on property on the south.
east corner of Bluxome and the southwest cor.
ner OF Fifth, southeast 130. southwest 100
southwest $50, northwest 137 IS, southwes
275, northwest 1926, northeast S25; by tho
same to Laura Albrecht S24 900 for one yeal
at 81 per cent. on property on the north line
OF McAllister, 81 IS west of Leavenworth wesl
: so by north 1876; by Wallace Bradford tc
Milton F: Gabbs $6400, payable in install
rnents at z per cent, on property ON the wes
line OF Spruce, 51 south of Clay, south 25 BY
west 100.
The releases for the same time numbered 50
and were for $161, 1926. Among them were the
followiDg From o. o. Burgess to Eva A
Haxe. Sl3,5OO on property in 50-vara block
lab, on the east line of Powell street 1877 e
north OF o OFarrell, south 35, east 1877 :6 north
30, west 1874 from the Hibernia Bank tC
Julien Smith, $4,000 property in 1OO-vars
! block 362, on the southeast line of Stevenson
street. 315 southwest OF Third southeast 20 BY
southwest 40: from the German Bank tc
! George w. and Anna Meade, $4500, and tC
Sidney NJ. Smith $4,000 on property in
Western Addition block 124, on the east line
OF Cough street, 100: :S1z south of Clay, south 27
by east 80 70; from the same to Sidney NJ and
Elizsbe In E. Smith, SO 500 on the same prop
erty, and in Western Addition block 265 on
! the north line of Broadway, 81 IS ast of Web.
ster, east go by north 137 IS; from the Occi.
dental Loan Association TO Zenas U. Dodge
$4,000 on property in 50-vara block 100 on
the south line OF Post, 206:3 west of Dupont
as that street was laid out in 1858, west % Il j
by south 90; from the German Bank TO John
Hlnkel. $1,000 on property in Western Addi-
tlon block zoo, on the west line of Buchanan
l02 south of Broadway. south 35 6. west 6S 81
| north I'll, west 400, north 30:7, east 1O9 :6
| from the same to Louise NJ and George F.