The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-09-02
: NEWS OF THE REALTY WORLD )


NEUTRALITY-SUSPICIOUS.
@RHERE has been a decided improve
ment in the tone of the real estate
market during the past week. and
| Is brokers are correspondence happy.
The revival in activity which they
have for the past four months been pre-
| dieting would follow the usual lethargy
! of the summer months appears to be close
at hand. and they now look forward TO a
brisk business for the remainder of the
present year. According to some of the
best informed among the real estate men,
conditions for a healthy movement in city
property have not been so favorable in
years as they are at present A number
of good sales have been made during the
past week. the consideration in one case
amounting to $4,000, and others equally
large are in a fair way to be consummat-
ed. 1t was rumored on the street yes-er-
day that negotiations for the purchase CT
q big block of land located near that re-
Gently acquired by the Santa Fe-the al
legged consideration given being Si00, 900
had reached a stage that rendered the
closing of the deal practical certainty;
but the rumor could not be verified and
is probably based on negotiations which
are known to be in progress for a large
piece of property in the district south Of
Market street. the price however, being
much less than that stated.
G. n. Umbsen's Real Estate Record for
August says that although business in
the real estate market was not lively in
August and the festivities attendant
upon the reception of the California VOL
unteers interfered somewhat with trans
actions, there are signs of the prospective
fall trade. Inquiry for good investment
property has again set in, but purchasers
are indisposed to pay fancy prices. Taken
all in all, August was fair month, and
the situation promises moderate activity
during the autumn.
The largest transaction reported was
the sale by A J. Rich & Co., acting for
]. L. Haskell of the property situated
on the north line of Market street, 167
feet west of the intersection of Market
and Turk, with a frontage of % feet on
each of the streets named. to Mrs. Mary
F. Barron. The price paid was s140, 600
A peculiar thing in connection with this
transaction is the statement of q broker
that he offered the same property to Mrs.
Barron month or two ago for $4,000, and
the offer was refused.
Shainwald. Buckbee & Co. sold the
three-story brick building at 1876 and 43S
California street, now occupied by the
PENNSYLVANIA Fire Insurance Company, to
Edward POLITE & Co.. the security brok-
ers. The lot has a frontage of % feet
and a depth of 6S;9, and the price paid
was $50 900. The purchasers intend alter
ing the building to meet their business
needs, but this work will be deferred until
the expiration of the lease held by the in
surance company, which runs until June
/, 1900.
Bovee, Toy & Sonntag have sold for
S26 900 the property on the northwest cor
ner of Howard and Steuart streets, AK
127:6, for z. A. Howard to d. Henderson.
The same firm has sold a ranch of 1852
acres in Tulare County. together with the
crops of alfalfa and grain, to the cali
fornia Fruit and Packing Company. The
seller is John Henaway, and the price
was $32 an acre. Also twenty acres of
olive orchard near Sonoma, owned by
James Julius TO William Bertrand, for
$500; twenty-seven acres of general or
chard in Santa Clara County, owned by
A. r. Arts, to Joseph Wilson, for $500,
and forty acres in Contra Costa County,
owned by Richard Williams, TO a. T.
Alexander. for $4,000.
A. NJ. Speck & Co. have sold the lot
and improvements corner of Scott and
Haight streets for Otto Fauss to w. Wat
son for S23 900. The improvements consist
of a three-story building containing three
stores and six flats.
The property on the west line of Stock
ton street, 50 feet south of O'Farreil
street. consisting Of lot 2l:6xS2:6 feet,
covered with a three-story frame build
been sold for $40 900. The sellers were w.
A. and Mary Z. Tracey and Archibald l..
McHenry, the two first named and the
last named owning undivided one-half In
terests, and the purchaser was Margaret.
wife of William Mccormick. Finn, San
derson & Co. negotiated the sale on the
part of the sellers and Madison d Burke
represented the buyer.
Claus Spreckels has purchased from the
Hibernia Bank, through G.. H. Umbsen y
Co, the property on the north me OF
gomery street; lot 26x60 feet, for $11,O5O.,
Charles II. Erkin has bought, through
Hooker & Lent, a lot 50x1O0 feet on the
east line Of Tenth street. between i've II how W.
ard and Folsom streets, for SI2o0, ana IN
tends to improve the property
The estate of Elijah E. Smith, deceased,
has sold to Leon E. Sloss the property
on the east line of Church street, 1So feet
The price paid was $4,000
The loans Of the savings banks, build.
ing associations and private capitalists or
this city upon local real estate for the
week ending August 26 amounted to S2i6,-
SIS against $16S 255 for the previous Week
The savings bank loans were s,5I o5 fGioS a
boi HHo $500 Security, $4,000; Mutual, slS,-
$50. and Columbus, $4,000 The . bulldlng
associations loaned a total of $3.50, and
private capitalists and other loaned S29,-
S75. The German Savings made one loan
of s1O7 900 on Mason and Ellis street prop.
ertv part in the nature of renewal, at
Ga. per cent All the loans made by the
Tibernia and Mutual were at 6 per cent,
and one by the former bank was for $40
600. There were no releases on the 18th,
an unusual omission. Releases on the
DIST included 1921. 500 by the Hibernia to F.
r Hesthal on sundry pieces of property.
Total releases. for the week We're sS7S' $780,
2 gainst 1916 800 for the previous week.
The total loans upon local realty in Au-
gust 1899. were 293, amounting to 81 ,225 $50,
and the total repayments were 227,
amounting to $1,4o1,sS3 The total loans
have been IS, $50 gu and the total repay
ments have been s9,0S942S.
The following deeds were recorded dur
ing August, 1893:
Dis+ric+ No. Amount
Western Addition ................. 81 S2sS,Sl+
Mission Addition ......--....--..-. II $500
H. a dditjon .............. &c 369lS