The San Francisco call., 1899-10-07

' y
ing prevailing among dealers in real
estate. and the condition Of the mar
ket is ample justification for this
cheerfulness. Everything points TO
an unusually prosperous fall season.
There IS a growing inquiry for good in
Vestment properties, and number of big
sales are now being negotiated. During
the last week several sales have been
made representing many thousands Of
dollars, in addition to a large number OF
smaller ones The property on the south
east corner of Post and Jones streets,
owned by the Wickersham estate, has
been sold for $4,000, and the Hermann
property on the corner of Fourth and Mis-
sion streets has been sold for something
in the neighbOrhood of SG5 900 or $50 00U.
but the deeds have not been recorded,
and the names of the purchasers are be-
ing withheld until the examination of the
titles has been completed.
Won Rhein & Co. recently sold at public
auction the property on the northeast cor
ner of Stockton and Post streets. S0X46:S,
belonging to the estate of the late James
Simpson, for $67 500, TO D. L. Randolph.
The sale was made subject to the ap
proval of the executors and the probate
court. The executors were dissatisfied
with the price obtained, and negotiations
were continued, with the result that Won
torney Arthur Rodgers of $2 800, which
will be submitted to the probate court for
approval. 1t is likely that the bid will be
accepted.
The Real Estate Circular, published by
Thomas Magee 6; Sons, says:
The decided change for the better that We
have been looking Tor in the real estate mar
ket with the advent OF the fall season seems
TO have set In some nNe large saieS o1
business properties have been made. and three
or four others are close to consummation from
offers already made Dozens of buyers have
for a long time been on the point of buying,
but the Ions dullness and the fact that the
crowd was not buying kept them back. At
present it seems likely that there Will be q
movement along the whole line, both OF first
and second class business properties and OF first
and second class dwelling real estate. Good
times are upon US, both in commercial bust
ness and among mechanics and laborers. As
one OF oldest builders said to US last
month, every man who wants to work can now
easily get work.
was 22S of the value of sl.3i0. $40; the number
OF sales recorded in September 2Sg. ag
gregating S976,S4l. Far more sales were made
are still under examination, they therefore
have not yet been recorded.
G. II. Umbsen & Co.'S Real Estate Rec
ord says:
Business property is much In demand. The
very choice locations are, however, so strongly
held that investors are commencing to extend
their views and realty Is now sought which
few months ago was only regarded an alter
native As was to be expected September shows
a healthy increase in the volume of business
over August. The greatest increase In the
amount OF purchases has been in the Western
Addition, where the sales have gone up from
s2SS pa to 1852, coo. Mission property has also
been more sought after, the transactions in that
district having increased from S43 5Tj to $l34 800
while the l00-yara district has slightly i'm
proved. The records for September show a fall
ing off in investments in the 50-vara district
but several transactions have been consum-
mated, but not yet filed. which will bring up
the amount during the present month The
outlook for the remainder of the autumn Is
promising, and If the hoped for rains fall this
winter permanent market may be anticipated
next spring.
The excess Of loans over repayments during
gain was made by individuals and the Uibernia
Bank In the of the first named It was
sec. 4e2 and in the instance Of the savings in
stitution Il was S42, III. Among other banks
which showed an excess of mortgages over re-
leases were the Savings Union, the Savings
and Loan Society the Security and the French
banks. Among the larger institutions the Ger
man Bank recorded sS725 more in repnyme
than in loans.
The same publication has the following
acter of the buildings south of Market street
and east of Third street. More heavy build
ing is going there than In any part
Of this city or in that section for several
years The construction of the Wells Fargo
Co. building, on the south corner OF
Second and Mission streets, and the location
of the Santa Fc freight terminal depot in that
district have given ii an impulse which prom
around the neiEhborhood viii show buildings
of the best class going up on all sides Among
them the Sloss business block. the
south corner OF Mission and Fremont streets
which will be a substantial and handsome
structure: the Christian Froeich building on
the northwest corner of Second and Mission