The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-05-17
REAL ESTATE
MARKET IS
VERY QUIET
Noticeable Falling Off
in Transfers.
PLANT OF THE DEALERS
SAY OWNERS ARE withdraw
ING OFFERINGS.
PLANT OF THE DEALERS
General Feeling Is That Revival of
Activity Is Standardization
Street Property to Be
Sold at Auction.

The stagnation in the real estate
market, SO far as actual transac-
tions are concerned, continues, al
though dealers are generally sanguine
Of an early revival. based upon the
abundance of money seeking invest
ment in income-producing properties. The
claim of the real estate men that the
present hiatus is due to the withdrawal
Of property from the market which fol-
lowed the recent spasmodic activity in the
wholesale district, owners concluding to
hold on to what they were convinced
must be good things because of the ap-
parently unprecedented demand will be
put to the test to-day when A. NJ. Speck
& Co. will offer at auction a choice bust
ness lot and improvements at the south
east corner of Fourth and Mission streets.
The property, which is in the heart of the
retail district, should prove an attractive
bait for the many would-be investors who
are said TO be swarming over town look
ing for bargains. The property is in
numbered by mortgage. of $S5 ,O00 held
by the Hibernia Bank, and the buyer will
have the privilege Of assuming the obli-
cation. AT the same time Speck & Co.
will offer for sale the double lot at %
and "A Turk street, between Mason and
Taylor, 344l2x137:6, with two stores and
a twenty-eight room lodging house, and
subject to a mortgage; Mission business
corner, and residence lots, improved in
Easton, Eldridge & Co. sold a number
of pieces of real estate at auction yeSter-
day, including q ten-room residence at
2502 Washington street, for $500; eight
room residence at 2Sl7 Union street, for
$1,000; a siX-room cottage at 1925 Twenty
first street, for $3.50; eleven-room tene-
ment house at 12S and $50 Twenty-ninth
street, for $500; four Aats at 254 and 256
Shipley street, for $1,000, and an unm-
proved lot on Western avenue, near Point
LoboS avenue, for 1913.
The repaVing of the streets in the dis
trict east of Kearny street and north of
California seems to be now practically
assured. The action of the Board of SUI
perVisorS in apprOpriating $4,000 toward
the work, the property-owners to raise
the balance, is to be Immediately followed
by the necessary preliminaries, so that
the actual work of paving may be begun
as soon as the appropriation is available
To be sure, the Mayors signature is yet
necessary before the appropriation may
be said to be a fact, but there is little
apprehension on that score, and the
North Central Improvement Association
is going right ahead securing the sigma
The appropriation will come out of the
next tax levy. but nevertheless it is eX-
peCted that great progress VIII have been
made toward putting that section of the
city in a fairly paSsable condition before
next fall. The streets will be paved with
basalt blocks if the present intentions are
carried out. with the exception of places
the latter case bitumen will probably be
the material used. 1t is believed that
when the street improvements are COM
pleted and the question of rapid transit
in the wholesale section of the city is
solved, a general revival in business and