The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-11-11
REALTY VALUES INCREASING

their relation to the prosperity Of the city
are touched upon in Thomas Magee, &
Sons Real Estate Circular for November
in the following language:
Nothing better indicates the Staolity
or instability of real estate values In any
city than the amount Of mortgages due
thereon. The assessed value Of the real
estate and improvements o IN san Fran,
real estate in many places is assessed for
more than it is worth, as a whole as
sessed values are not by any means equal
now due on all our city real estate and
buildings thereon are $49,S14,0S7. The total
number ;, Of doo these mortgages is be-
number of lots-that is the subdivisions
of land-in San Francisco for the whole
city and county is now Sc, ITO. So that,
numerically considered, only about one
lot in five has a mortgage on it in this
city OF the total of II 800 mortgages now
due in San Francisco, almost precisely
1000 are held by our savings banks;
There is, probably not city in the United
States that can make showing Of such
complete solvency as San Francisco does
In the above facts. 1t is both marvel
being borrowed. 1t is now offered at 6
per cent year gross, or say, deducting
the average rate of the mortgage tax,
at l-3 per cent net; yet instead of that
number of mortgages increasing, taking
one month with another, they are on the
decrease. The banks have been forced
class stocks and bonds to get rid of their
money. And yet between them all they
nave many millions unemployed"
But five building contracts were filed
Tor record during the week just ended,
their aggregate value being $16,065. Inc
largest was that entered into between
Morris and Meyer Lando, owners, and c.
l.: Williams, contractor, for the erection
of a three-story frame building on the
northeast corner of Ellis and Octavia
streets, for $1,000. The same owners con-
tracted with James F. Ford for the
plumbing, gasfitting and sewering of this
building, to cost S11S5. Mrs. e. B. Crock
er let contract to John G. Cook for ex-
cayation, grading and foundation for the
corner of Franklin and Clay streets. The
cost of this work is $3.50. 1. j. Muma and
Lawrence Harrisburg, representing the
ASSOCIATED students of the University Of
Berry, representing the associated stu
dents of Stanford University contracted
with Andrew Wilkie for the building of
grand stands, incline, boxes, admission
and ticket gates, fences aisles and parti-
tons on the Mechanics Institute grounds,
bounded py Fifteenth, Harrison, Six
teenth and Folsom streets, at a cost of
$1,000, these grounds TO be used for the
coming football games between the uni
versities.
Sixty-eight contracts were entered into
during The month of October the same as
for the same month last year, but the
value is much greater, the figures being
$780, for October, 1899, as against $225, 299
for October, 1898. In fact, there has been
a steady increase in the amount of build
ing for the past year, the total amount
for the first ten months Of 1899 as repre-
sented by the contracts filed, being fully
ST. ,583 in excess Of the same period a
year ago.
Bovee. Toy & sonntag, representing the
estate Of the late Harry Emeric, have
leased the first two floors of the building
4l6 and AIS Front street to the Leonard
& Ellis Valvoline Oil Company for a term
of five years. The lessor is one of the
largest firms of the kind In the country
and proposes to make San Francisco the
Headquarters and distributing depot for
its Pacific Coast trade
Jerome English, formerly of the real
estate firm of English & Morrisey, has
withdrawn from the firm and is now es-
tablished at 636 Market street.
Edgar Briggs, recently of the real es-
tate firm of Briggs & Winant, has with
drawn from that firm and Is now with
Bovee, Toy & Sonntag.
A. NJ. Speck 81 Co. are about to build
four fats On Green street, near Van Ness
avenue.
Henry P. sonntag of the firm of Bo-
wee, Toy & Sonntag is having plans
drawn for a fine residence which he pro-
poses to erect on Pacific Heights, to be
occupied by himself and family in the
near