The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-04-19
STOCKS ARE SECOND CHOICE
MANY GOOD SIZED DEALS ARE
BEING NEGOTIATED.
Eastern Capitalists Looking to the
Metropolis of the Pacific as
the Coming Center Of
Business.

firm and active, with increasing pros
poets of still greater Improvement. This
statement is true, Notwithstanding the
fact that the sales for the past week fell
somewhat below those of the preceding
weeks. There are more prospective huy-
ers in the market than for some Tune
past, and almost every real estate firm
in the city has deals under way involving
big sums, any one of which may be con-
summated at an early date. Money is
plentiful and investors are seeking to put
out their unemployed capital where 1t
will bring in the largest returns. There
is a decided tendency to neglect stocks,
which have heretofore been favored
field for speculation for the more sub
stantial and safer investment in income
producing realty.
The recent rains, which washed away
all fear of a devastating drought
throughout the State, had much to do
with the feeling of confidence that now
prevails among all classes in California,
but this does not account for the flatter-
ing attention with which San Francisco
is at present being honored by the capt.
talists of the East. The recent announce
ment that two big transcontinental rail-
roads were actively preparing to extend
their lines to this city and enter into &C
tive competition with the Southern Pa
cific caused a general awakening to the
Pacific, but the overshadowing cause of
the sudden turning of the Searchl1ght OF
capital on this city, and that which prob
ably had also much to do with hurrying
the plans of the railroad magnates, is the
absolute certainty that San Francisco, as
the natural gateway to the Orient, Is
about to enter upon an era of unparal-
leled commercial prosperity. mis- asser-
ton is borne out by the big demand for
property in the wholesale district, prefer
ence being given to sites convenient TO
tar hA a
few days ago of number of big transfers
in that section was about the first init
nation the general public had of the
dawn of the new era, and even now many
are inclined to think that the movement
toward the water front has spent itself;
but this is by no means the fact. Nego
tiations are still pending for desirable
warehouse property and the great firms
of the East have already begun to make
arrangements to make shipments to AS
latte ports direct from San Francisco,
keeping warehouses stocked with goods
here, instead of simply maintaining
agents here, as has been the practice
But real estate activity is not confined
to the wholesale district. The entire city
is receiving the benefit of the revival of
confidence and sales are being made daily
in every section of the municipality. One
of the largest sales reported for the past
week was one made by Mrs. Amy Lander
the southeast corner of Twenty
and Howard streets. consisting of lot 100X
215 feet, with ten flats. The price paid
conducted by Bovee, Toy * Sonntag. The
latter firm also sold 629 acres of highly
improved fruit land in Solano County for
Mary Waymeyer to James a. Almur for
$37 $40
A. NJ. Speck & Co. sold the property at 1923
Ellis street, 26:6xl37:6, for Albert Meyer to
Post stree 3 EXIT the also se freS Senf -
Kassow and the purchasers Abe and Sarah
Goodman, for $4,000. In May this firm will
"a Nod 1fNrnrv,
and income properties.
Thomas Magee x Son have sold the following
property: Lot and improvements on the south
side of Geary street, near Powell, 25x127:6, for
S22UO0; lot and improvements on south side of
for $500; improved lot on the north side of SUIT
ter street near Jones, Hx65. for S12, COO lot at
the northeast corner of Broadway and Baker
TO be erected by d. L. Bliss. the capitalist and
railroad owner of Carson City New; lot on
the east side of Van Ness avenue. south of
Broadway, 35X137:6 for $4,000; lot on south side
of Pacific avenue, IS west of Walnut, 52x1OO
for $780, lot on the northeast corner of Broad
way and Steiner, 37:6x1376, for S725O
Easton & Eldridge report number of small
sales and some good ones on the tapis
Madison & Burke also have several large
sized deals under way, with every prospect of
early contamination.
ing the week just past, the largest being the
purchase by Carrot McEnerney for $25, 900 of
of Ninth and Natoma streets from Abner NJ
L. and Isabel Reed.
russell * SurryHne report the following
cent sales made: House and lot. As South
Park, 22:6x97:6, $3250; house and lot, ZIG San
chez street. near Market, $500: lot on north
line of Haight, II east of Baker 50x110 S6250;
cottage and lot east line of Steiner be-
tween Eddy and Ellis 17:6x6S:9. $500; lot on
east line of Capp. so south from Nineteenth
25X97:6 $500; cottage and lot on west line of
Church. between Twenty-third and Twenty
fourth, 80 :6X1176, S2400; lot 75x1G0 Fourteenth
avenue, between NJ and n, South San Fran
cisco. $500: house and lot north line of
Folsom. between First and Second, 25x100
$4,000 cottage and lot Twenty ninth, near
Sanchez, 25x14 $1,000; cottage and lot on north
line of Green, Laguna, 20 :6x137:6, $500;
house and lot on north line of Page, near
Fillmore 25X100 s5000 lot Twenty fourth
avenue. Clement, 25X120. $3.50; lot south
line of Greenwich near Buchanan, 25x137:6
500; cottage and lot on south line of Austin
avenue between Franklin and Cough 25x60
S1250 and southeast of Oak and Ash
bury 73x137:6. $4,000
Mrs Anna Moore has sold to Walter s. An
derson the lot 6S:9x137:6 the north line of
Broadway, 1876 west of Octavia for $4,000.
A. p Hotaling & Co. have purchased
through A. ]. Rich & Co.. the property front
ing 30 feet on Market and 120 on Rose street.
for s42. 500 The improvements inconsider-
able.
Building contracts for last week represene an
aggregate of s105 231.