The San Francisco call., 1899-09-12
100000 100000 Q o. 90 occ Q o . 20 &c . . 00so
NEWS Of THE REALTY WORLD )


year since 1895. During the first eight
months of the present year the value OF
the contracts exceeded by nearly $500 900
the value of those filed during the 'corre-
spending period of last year.
That a prosperous season is ahead for
San Francisco is the firm belief I. 9th of the
without exception. and their. faith Is by
no means shaken by the. dullness. of the
summer months, This feeling OF conf
dence cannot perhaps be better expressed
than by again quoting from Thomas Ma
gees Circular. 1t says:
Perhaps the best evidence that better
times are with us, and that an improve
ment in real estate sales and prices may
now be looked for, exists In the fact that
laborers and mechanics of all kinds are
so busy that it is difficult to get enough
of them to do the work on hand. A prom
inent builder said last month that he had
hunted for day to find two hodcarriers
Planning mills, foundries brickyards and
hardware houses are all pushed to exc
cute orders on time, and are so crowded
that they seldom succeed. Certain work
on a store, for the execution of which
will not be finished inside of sixty days
There is no speculation or building
in what is going on; il is but legitimate
growth and advance that causes it. But
for the excessively high price of all build
ing materials, of iron and brick work
especially much more work would be
under way. Materials of iron and steel
have gone up s., per cent and brick from
Sc to 81 80 per thousand. The good time
coming has long been lame In both feet
short of breath wheezy and therefore
slow-paced, but events have acted like a
good liniment and a cure all, and desir-
able, and we hope permanent, progress
is at last being made"
Referring to the condition of the real
estate market the circular says:
There were few large transactions in
city real estate in August; medium priced
from $4,000 to $4,000 mostly. Many lots
worth $500 to $4,000 were also sold The
localities in which these latter lots were
sold were mostly on Presidio Heights
and between Vallejo, Union. Fillmore and
Broderick. Five sales were made on
Union between Devisadero and Brod-
erick, an unusual number in one month
There is some demand for lots on
First and Second, between Mission and
Folsom. Lots on Mission, between Ere
mont and Third, can be sold, but at rea-
tory lots on Brannan and Townsend, be-
tween Third and Sixth. are being some
what inquired after; There is better in
quiry for lots by the PanhanaIe of the
commodations of any suburban district
of the city. The street work is all done,
the neighborhood well built up and prices
are exceedingly low. An increase Of prices
there may reasonably be looked for The
total number of sales made in August
was 22S of the value of 81 $40 s46"
more money last month than they loaned
of the value of 81 ,254,5 220 releases of
sl3sO, no. Although the Hibernla Bank IS
now lending at per cent it paying the
mortgage tax, 1t only lent s632, 400 in Au-
gust, while it released s711, 100. The Ger
than 1t released, while the Savings Union
lent ss3,100 and released only s39 425. The
loans Of the building associations and pri-
yate capitalists amounted to an aggregate
Of 1921 ,905. and that was $4,000 less than
was released by them.
Money continues TO pour into the banks.
and although tthe total loans Of 1924 ,0SO
In August were the largest of any month
this year and the savings bank rate for
money on realty has been practically es-
tablshed at per cent, the releases in
August exceeded the loans and amounted
to 81 &C., 1856, against 1851 1923 for corre-
sponding month in 1895, and $3.50, ,3S1 for the
same month in 1897.
The amount loaned on real estate by the
banks, loan associations and private capt.
talists was 1921 ,s05, against s246.575. The