The San Francisco call., 1897-02-22
REAL ESTATE
MARKET REVIEW
What Brokers Think of the
Torrens Land Transfer
Bill.
Shrewd Operators Are Taking
Advantage Of the Present
Low Prices of Land.
The Outlook From Over the State for
Crops of All Kinds Is Ex-
ception ally Bright.

bill that is before the Assem- bly, sh ould become
q law. They believe that the system which
has worked without hitch or break In Austria
liza, England, Canada and other countries
where its use is either compulsory or permis-
sive, and which has been adopted in Ohio and
other ties, should be successful in Cali.
tornia.
They claim that there is no reason why the
transfer OF land should be any more compli-
Gated or expensive than the transfer of any
other piece OF property, yet under the present
system the cost and complications increase
with every sale or mortgage. II costs now,
the agents claim, in some instances of the sale
of piece OF property, as high $50 and even
500 10 get an abstract OF ute, and some
times as much more to get Il lawyer TO investi-
gate the abstract and see that it is correct.
In California, where the titles are but few
years removed from the original Government
ownership, the mortgage or transfer of piece
OF land proves serious matter.
The agents are inclined 10 the belief that the
present system governing the transfer of land
should be abolished for such a system that
will prove as little expense and as easy of
transfer as 10000 worth of bank stock or a
$40, 900 ship.
Real estate dealers, as rule, continue to ex-
press great confidence in the market. Some
OF them are surprised that all inves tors 60 not
take the same hopeful view. They are par
ticularly annoyed at the want of interest dis
played on the part of some large capitalists
who higgie over trlfies, even when the trans
action has every appearance OF bargain.
They claim that just as soon as realty values
show an upward tendency these would-be buy
ers, who are now holding back. Will disp ay
unseemlng haste In getting to the front.
Shrewd buyers know that this is harvest
season with them, and they are watching
their chances for golden opportunities.
That the real-estate market is likely to ex-
perieEce q revival the summer approaches
there is every eason to believe.
Those who have believed hitherto that all
they had to do was to name their price and
wait for the seller to come down to ii are now
beginning TO realize that they have been wait
ing in vain. Prices will not jump up, but on
the other hand, they viii go no lower, and
those who il tend TO buy cannot do better than
make up their minds that they will have no
better opportunity than the present
1t is very old saying that 10 buy when the
market is down aud to sell when 1t is up is the
way to get rich. The fact that prices are now
down must be patent TO every one who pays
any attention whatever to realty. The infer
ence, therefore, that this is the time 10 invest
is obvious.
The outlook from all over the State for crops
of all kinds is exceptionally fine, and should
no late frosts occur the farmers VIII have q
prosperous year. Already the cherry and
almond orchards are in full bloom and the
crop will be an early one unless it is blighted.
In Fresno district the vineyardiSts are busy
pruning, and the vines are in splendid condi-
ton. The only serious draw back to the grain
crop OF the State is the overfiowing of about
100, 900 acres of wheat land in the Rio Vista
or tule district. Under the most favorable
conditions, ii will be at least two weeks be-
fore the water is off, and it would then be too
late TO sow wheat. Barley or rye, however
might be planted after that time so as to pro-
duce good crop. The grain crop all over the
country will be very heavy this year as a large
additional acreage has been planted and is
hooking well.
REVIEW OF THE RECORDS.
There were 1l3 deeds recorded during the
week.
ninaty-nine and aggregated 1897, 219. Among
them were the following: By Lippman Sachs
10 Charles Allenberg et al, S14, 900 for TWO
years at per cent per annum on property at
the southeast corner of California and
Quincy, 53:6x95 feet; by w. A. Frederick to
NJ j. R. Moon, $4,000, on property on the north
line OF Page street. 13l % ieet west OF Cole
west 31x137 IS; by the Citizens Building and
Loan Association to Hattie A. OBrien,
$1,000 for six years at per cent on
street, S5 feet south of Hermann. 5Ox77 :6 f:
by William Ede to Orville d. Baldwin, SIO, 900
for one year at per cent, on property on the
east 30 by north 120; by the Hibernia Benk
to Albert Gal!atin, $9250 Tor one year at 6I%
per cent, on property on the south line OF
Union street, 1877 IS east OF Pierce, east 81 Is
by south 1877 g. on the northeast corner OF
Green and Pierce streets, north 1877 IS by east
1885, on the northwest corner OF
Point Lobos and Forty-third avenues, north
62:1o by west 1858, on the south
west corner of street and Forty
fourth avenue, southwest 310:1, west 1876
northeast 3I7:6, east SO: on the southeast
south 314:2, east S5, northeast 800 west
1896; by the German Bank to William H
Howard, $4,000 for one year at per cent,
on property on the southeast corner of Clay
and Sansome streets, east 100, south 59:S
cast ga south 59:9, west 111:4 north 9:6:
" John w. Van Bergen to Josephine Bobbas,
I6S4S for one year at per cent, on property
on the north line of Sacramento street I37 IS
west OF Lyon, west 26 by north 127:S3{; by
the estate of A c. Whitcomb TO John Il. and
Mary Ellen Won Schroeder, $40, 900 to Septem-
Der %, 1899, at per cent, on property on
the southwest line of Sixth street, 80 feet
south east of Minna, southeast SO by south
west 70, and on the southeast line of Minna
street, rs feet southwest of Sixth street. south
west 25 by southeast 80; by Caroline B. Wat
son to the same, 1000 for one year at per
cent on property on the southeast line OF
King street, 251 feet sou Invest of Fifth, south
west 299 bg southeast 240; by the German
Bank to Ellen Kearns, $4,000 for one year at
Eddy street, 50 teet east of Polk, east 81 IS by
north 120; by the Hlbernia Bank to the
shiels Estate Company, $4,000 for one year
at 612 per cent on property on the northeast
corner of O'Farrell and Stockton stree Is, north
1877 IS by east 1875; by the Humboldt Bank
to Alexander Rothenstein, $4,000 for one
year at 2 per cent on property the south
east corner OF Waller street and Masonic ave
nue., south 81 by east los.
The relea>e >es mum red 43 and were for p
total OF $273,l3l. The principal ones were as
follows: From Gilbert Whitaker TO Elizabe tn
l. Couch, S2SOO. on property on the west line
OF Asnbury street, SO feeI north of Page,
Martin, $4,000 on property on the north line
of TwenJy-second street, $50 feet east OF
Guerrero east 50 by north ia; from the Ger
man bank TO the vestry of St Johns
Episcopal church, $4,000 on property
on the southwest corner of Fifteen IN
street and Julian avenue, west 100 by
south 1873; from the same to William ri
Howard, $125, 900 on property on the south
east corner of Clay aud Sansome, east IO9.
south So g. east IA, south 500, west III a
north 1895; from Caroline B. Watson 10
Mary Ellen and John II. Won Schroeder, $50
600 on property on the southeast line OF King
25l southwest of Fifth, southwest 299 by
brew Orphan Asylum to Rebecca D.
Gerbes. $4,000 on property on the north
line of Post street. 25:5 east of Laguna, east
51:8 by forth 80, and on the south line OF Post
street, 25:5 east OF Laguna, east 25:IO by
south 120; from the Germa Bank to Thomas
Pollard, $500 on property on the north lire
of Haight street, 81 IS west of Laguna, ives 40
by north 1877 :6; from the San Francisco Mu.
tual Loan Association TO E. B. and Sarah J.
Stonehili, $4,000 on property on the north line
of Sacramento street, 27 :6 east of Broderick
east 27:6 by north 100; from John w. Van
Bergen TO Bernard B. Dobbas, $4,000 Oh
properly on the north line of sacramento
127:s2I
NEWS ITEMS.
three-story brick building is to be con
structed by A. L. Piper on the corner of Firs
and Jessie streets.
MIS-. Nelmann is having plans compiled fol
two-story frame building on the north lint
OF Fulton street. between Baker and Lyon.
ID. M. Mhltely's residence on the north side
OF California street, between Webster ant
bucnanan, IS TO be changed into fats.
Inc hall hfty-vara lot on The northeast cor