The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-11-17
Progression in the
Market Still Slow.
PROPHECIES MADE IN VAIN
MANY SALES MADE NoTwITH-
STANDING DEPRESSION.
A Glance at the Records, Recent
Sales, New Building Con-
tracts and General
Notes.

Notwithstanding the threatened drought
and a repetition of the identical atmos-
pheric conditions that caused such a de-
preston in realty a year ago, the market
is still continuing to manifest slow but
steady progression. Although every indi-
cation points to continuance OF this ad-
vance IN the world Of realty" there is,
nevertheless, considerable apprehension
among the brokers as to the probable dis
astrous effects of q repetition Of another
dry year upon property interests all over
the State, particularly in the interior.
The failure of the farmer necessitated by
the lack of the necessary moisture for
the various crops means the contraction
Of more mortgages and the non-payment
of pledges already taken Such conse-
uuence causes universal disaster TO what
ever hopes the real estate market might
now extend for prosperous year.
Although city property is apparently
and generally considered free from the
effects that create havoc in the country
markets, nevertheless drought and rallure
in the latter mean absolute depression In
the former.
It seems that nearly every prophecy
made by brokers for future success in
real estate is built on q foundation OF
sand. They never seem to come true,
either from the obstinate workings OF
nature in the opposite way 10 thal ,qS-
sired and depended upon IOT the Au441.i-
rnent of the changes predicted or the ap-
solute stagnation Of the market produced
by other causes.
AS has been said, the market at present
is progressing instead of deteriorating:
MANY sales Of good value were negotiated
during the past week, with a certain
Rui1dlng likewise is improving, numerous
contracts being let for the erection OF
homes and for business purposes all over
the city.
REVIEW OF THE RECORDS
During the past week there were thirty-two
MORTGAGES and trust deeds recorded, amount
ing 10 an aggregate value Of s1I5,suo for the
same period twenty-seven releases ana recon
vevances passed TO record in the total sum
The principal mortgages and trust deeds are
= BV HO.t the Pacific Surety Company to Robert
and Agnes Dalzlel. $50. 900 for years at per
situated on the southeasterly line of Mission
street 275:S feet northeast of Second; by the
seIier wife Of George Il. Caldwell. 5000 for
l year at 61z per cent on property IN the BIS
sion block 11 situated on the southeast &c corner
Io5; by the Hibernia Savings and Loan Society
Alfred MILFORD, $1,000 for year a. ~ L sr
T04 situated on the southwest corner OK vi"
ton and Shrader streets; by the German say
ings and Loan Society tc herman anu LA
Never Degener), So, 600 for l year at per cent
on property in the Western Addition block ZO4;
situated on the northeast corner OF Edoy ana
Laguna streets east 4s by north 1zo; by Martin
y Burke to George Rose, so, 900 for year at
per cent on property in Western Addition
blocks COZ and 463, situated respectively on the
northeriy line OF Fell street, 513 feet west OF
Lyon west 50 by north 100. and the southeast
corner OF washington and Devisadero, south
27:s4 by east 10; by the Htbernia Savings and
Loan Society TO c. ]. and Mary E. Ross Denp-
ster So eco for l year at 61z per cent on prop
erty in the Mission block Is, situated on the
westerly line OF Glen Park avenue, 2S5 feet
and east I12; by Andrew B. McCreery to Henry
NJ. and schewa Levy. $40 600 for year at 9
situated on the southerly line OF OFarrell
street. 1876 feet east Of Stockton, east 90 by
north 1922.
were recorded as follows:
From the Hibernia Savings and Loan Society
TO Charles Offer $4,000 on property in the West
ern Addition block Il, situated on the north
erIy line of Post street, HES feet west OF Lar
ton 70 Lillian b. Reynolds, $500 on property
in the Western Addition block 2T2, situated on
the easterly line OF Webster street. 1905 feet
south of California street, south q by east
NEW BUILDING CONTRACTS.
westerly line of Deyisade-- street, 30 feet
from the southerly line OF Vallejo street, thence
at right angles 10 by south 55 by east ITO by
s.. Al work for tw9-s5 1 attic .t frame
F. D. Van Trees; contractor Charles n De-
Northeriy line of Pacific avenue. s2:s feet
east of Pierce, east 65 by north 127:Sh. All
work.. except heaters, range, plumbing. and
owner, Charles Page; architect, f: S. Van
Trees; contractors, Charles and Walter VIII
Ferry building. foot Of Market street
Benches, tables, etc, in installing the Calf
fornia State Mining Bureau; owners, California
State Mining Bureau; architect, Edward r.
Swain; contractor, John Trounson; cost,
Henry street, 25 feet south of Noe. south Is
by west Sc All work for a two-story frame
tect, William Koenig; contractor, Ira W. Co
eo1therIy line of Hayes street 1868 feet west
LII scr south 1876 All work
for a two-story frame building (flats); owner,
Isaac EIiaser; contractor, e. G. Bletch; cost,
Southeast corner of Nineteenth and Angelica.
south 22s by east ls3, by north ia, by west 20,
100 Electric light system, eonduits, telephone
wires, bells, etc for fouFcstory brick build
+ / Devlin; contractors. Gas Consumers AS
ISOLATION; cost, $l196 90
RECENT SALES
The firm of Bovee, Toy & sonntag report
I rnT af Howard and Fourteenth streets, Is by
Is feet, from Daniel Sullivan to George Rhorer,
The Arm of McAfee Brothers have recorded
the sale OF 2540 acres of the ]. W. Mitchell
for sq7 zoe 1t is the intention OF the new
owner to cultivate the land so as to raise grain
About one hundred acr five miles from La
throp lying on the line of the ditch OF the
StanisIaus and San Joaquin Water Company
were recently sold to Joshua CoweH for $50
acre. .o,a :. ,,..,,.,
The following property was SOLO at AUCTION
last Tuesday afternoon by the real estate firm
of Easton Eldridge & Co.; residences at 1900
suffer street, flats at 264 and 266 San Carlos
avenue a house at S42 Capp street, the inn
proved property the southeast corner OF
Sanchez and Twenty-first streets, two dwell
ings at f709 and III Webster street, a D-esidio
residence at 3g42 Clay street and property In
various other sections of the city.
q Scharf the real estate broker, claims
that the demand for country property is not
centered in any particular part or section of
the State This is evidenced, he argues, by re-
cent sales effected by his own firm. The follow
ing is a list of sales demonstrating the truth
OF the above assertions:
Four hundred and eighty acres of grain land,
five and a half miles southwest of Bakersfield,
have been sold by r. Pfuton to George S.
Beardsley for SIS acre. The land is situated
in the artesian belt
Near Glenwood Santa Cruz County Is acres,
partly improved, but mostly IN redwood have
been bought from R. Argueilo by Kisetfne
Paulsen for $4,000. who will there erect fruit
box mill
An orchard OF ia acres near vacaville. has
been sold by Alexander Jensen to Herman
Remeg for $1,000 and 15-acre tract, near San
Jose by Julian Westcott to John F. Wells for
RANDOM NOTES
The City Hall lots numbering Il and g have
been leased for two years and three months by
Hyman and Isaac Wolf from James Irvine for
s1G,S60.