The San Francisco call., 1897-03-01
REAL ESTATE.
MARKET REVIEW
A Slight Improvement Is
Noted in the Busi-
ness.
Some Important Sales in City
and Country Property
Effected.
The Torrens Land System as Ad pied
Throughout Australia, New 2 a.
land and British Columbia.

during the past week or two than has been the
case for a similar period during several
months. This Is shown In the number OF
transactions of greater or less magnit ude, and
not only in this, but also in the improvement
of suburban locations is a better feeling mani
tested. Last month business may properly be
considered good in the light OF what has gone
before in the summer and autumn months,
and from present indications and reports the
future will furnish evidence OF inherent
strength in the situation fully as conclusive.
The majority of tran sa ctions denote the pur-
chases are made for strictly pure investment.
the market being almost devoid of the ele-
ments of speculation, except perhaps for
property in certain locations bordering on the
extensions of recently constructed ele ctric
roads. But there is nothing. tangible upon
which to base this assertion, which is only
the expressed opinion of the dealers in this
class OF property.
The Torrens land bill now before the Assem-
bly, has created much adverse criticism among
real estate brokers. The majority OF them,
however, believe that if the bill is passed it
will establish system that will when once
in full operation put q n end to all uncertainty
in regard to land titles. The following is a
brief description of the Torrens land system
OF the transfers of realty:
The registry of land according to the Tor
rens system, which has been adopted.fbrough-
out Australia, New Zealand and British Co.
Iumbia, clears all fair and honest titles. re-
moves all existing clouds and gives the occu-
pant whose title passes the examination
fndeieasible possession, and at the same l. me
rendering the future transfer or conveyance
of the land as simple and as re ady as the trans
fer of a share of railway or factory stock now
is in this country, and reduces the cost OF con-
veyance to a very small sum.
IN Australia the method OF procedure is de-
scribed as follows:
Government guaran tees an indefeasible title.
One of the essen tal features OF this land trans
fer is the creation Of an officer terme Regis
trar OF Tit es, with judicial power to pass
finally and coAclusiyely upon the title to land,
not only upon the original application for
bringing it within the provisions of the act
but also upon subsequent transfer or trans
mission OF said property.
The person in whom the fee is claimed to be
vested may apply to have the land placed in
the ereg1stry OF II les. These applications, to-
gether with the deeds, evidences and abstracts
of title, accompanied by plans OF he.land, are
submitted for examination to d barrister and
to a conveyancer, who are styled examiners of
titles, who examine the title exactly as they
would on behali of an intending purchaser,
if the title were not tobe registered. The re-
port of the examination is then reported to
the Registrar. Ii the title is good holding
the application is admitted and otherwise re-
jected
Ii there is evidence of title wanting, of
which the owner can compel complet tion, no.
tees corresponding In many respects 10 tEOSe
required by our Probate Courts ace served,
according to the nature OF the CASE on any
person likely to be interested in law or equity
who has not joined in the application and
lands. These notices set forth the purport OF
the application, and intimate that unless OBJ
jections are made by lodging caveat within
the time prescribed by the Registrar the land
will be brought under the provision of the act
and an indefeasible title granted TO the appli-
cants, If within the time cayeat is lodged.
the action of the Registrar is suspended until
the caveat is Withdrawn or It'll final judg
ment of the Supreme Court can be obtained
upon the question raised. The notices are
given By publication and are complete and
final.
The certificates OF title are issued in dupli-
cate. They set forth the nature OF the estate of
the applicant with fee simple or limited
ownership; they notify by memorials in
dorsed, ali lesser estates, leases, charges, ease
ments, rights or other interests current or
affecting the land at that time.
Applicants are not put to the expense OF put
ting the paraphepalia OF Il court of justice in
motion unless there be some adverse claim to
be adjudicated upon.
1t is claimed for this system that the wealth
many blocks of land which might have been
deprived of this special value by technical de-
fects and uncertainties attaching titles.
The. rules in respect 10 the registration of
mortgages are also simple.
REVIEW OF THE RECORDS
Inere were SlXty-SeVen QeeQS placed on rec
ord the past week.
The mortgages for the same time numbered
eighty nine, aggregating $423, ,921. Among
them the more important were The following:
Association to Mary l.. Schlsfn, $4,000 for one
year att per cent on property on the south
line of OFsrrell street IT'S feet east of Laguna,
east 25x12o feet; by the ! French Bank zno 10 VII
the the isah north ~ line pel Of Pae &c 0p aSsnue @
149:1 feet west of Baker, 1OOx132:4 feet;
by the H hernia Bank to jeremiah and Alice
E. Lowney, $1,000 for one year at 81 per cent
o. property on the southwest corner of Twen-
ty-ninth street and San Jose avenue. west
1865, and on the southeast line of Mission,
100 feet southwest OF Seventh street, south
west 25 by seutheas, 85; by Lippman Sachs 10
the estate OF William Goldstein. Emanuel w.,
MarkewitZ, Carolina Allenberg and Addie
utenhe inner, $14 900 for two years at per
cent on property on the southeast corner of
California and Quincy, east 53 Is by south 95; /;
bv the Hibernia Bank to Richard F. Fletcher,
$4,000 for one year at 81 per cent, on prop
erty on the south line OF Thirteenth, 80 east
to Andrew Nee roy, $1,000 for one year at 81
per cent, on property on the south line of Nc
Allister. 1926 west of Cough, west so by
south lSa5 20 BY The same to Henrietta "a Sci
line OF Market, 141:7 southwest of
Franklin, southwest 251OA. west 17:3,
north l20, east 81 g. south 1O4:1o14; by the
same 10 Fernando Neson, $27 500 for one
year at 615 per cent on property on the south
east corner of Twentieth and Castro east 459
by south 22S; by the estate of A z. WhiIeomb
to Alexander w and Rose Wills n, $65 900 for
three years at 8 per cent, on property on the
southwest corner of Turk and Taylor, west
1877 Is by south 1877: IS; by George D. Wise to
the Union Park Land Company, $4,000 for
three years at per cent. on property on the
northwest corner of School street and the
county road, west 2O.34, north 11.45, east to
the county road and south to the point of
beginning, and certain lands in San Mateo
county; by the Hibernia Bank TO Louise,
tor one year at 61a per. cent on prop
erty on the southeast line OF Mission,
175 northeast OF Fourth, northeast
so by. southeast 100; ny w. the same to
81 per cent on property on the west line of
Battery 90 :4Is south OF Pacific south 113 :101z,
west 1875, north $50, west 47:6. north
45:115, east 1855; by the Crocker Estate Com
$75, 900 to Decembe 81, 1900; att per cent on
90 81 acres beginning on the south line of
Thirtieth street, 207.5O west of Diamond. to
the west line Of Beilevuestreet, southeast to
the south liue of Thirtieth street and north
east to the point of beginning; BY the Hi
bernia Bank to Otto E. Falck. $4,000 for one
yearat 81 per cent on property on the north
east corner of Nineteenth and Howard, north
so by east 1926; by the same to George
Schafer, $1,000 ior one year at 61a per cent on
property on the west line of Snotweil. 100
south of Fourteenth, south 1Oe by west 120.
The releases recorded during the week mum.
$l67, ,391. Among the larger ones were the
From the German Bank to Henrietta selby,
$32, 900. on property on the northwest line OF
Market street, 141:7 feet southwest of Frank
lin, southwest 25;l0%, west l;7H, north