The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-24
NEWS IN REALTY WORLD,

The real estate market continues quiet.
and this condition will continue until
about the middle of September, say the
brokers, many of whom are already pre-
pairing to leave the city on their summer
vacations. Still. while there is no denying
the fact that the market is dull, with lit
tie demand for property of any descrip-
ton, there is enough doing to prevent abb
solute stagnation. Sales are being re-
corded daily, and although they are fer
tho most part small the aggregate
reaches a fair sum, especially for this
season of the year.
Money appears TO be unusually plent-
full and buyers as rule prefer to pay
cash for their purchases instead of the
usual custom of part cash and the rest on
installments. In fact, the savings banks
have more money than can be well placed
to advantage, and one result of this UNI
usual condition of affairs is the recent
action of the German Savings Bank in
reducing the amount which 1t will accept
from an individual depositor to $1,000 This
viii seriously interfere with the practice
of many interior banks which have cen
in the habit of sending their surplus cash
to the city for deposit in local tnstitu-
lions, where it could draw interest and
at the same time be quickly available
when needed.
There has been no special activity in
building circles during the past week
but the trades are nevertheless II
healthy condition. More than the usual
amount of remOdeling and renoVating OF
Old buildings is going on, ana several
leading architects are engaged upon plans
for new modern buildings which down
town property owners contemplate erect
ing in the near future.
Mrs. Charlotte Clarke will on July l
begin the erection of magnificent seven
story hotel and store building on the
nv onrt1 q Mason
O'tarrel streets The plans have been
prepared by Albert Sutton and provide
for handsome structure, which Will be
an ornament to the neighborhood and one
of the finest buildings of the kind in the
city. The ground moor will be devoted
entirely TO stores. while the rest of the
building viii be fitted up as hotel and
will contain about 120 rooms.
Shanwald, Buckbee & Co. have sold the
DR.. Hastings place on the north line of
street, to r. Spreckels. The property has
a frontage of thirtysiX feet on Pacific
avenue and depth of 145 feet inches.
is not given, but it is understood to be
in the neighborhood of SIS 900. The same
firm also reports the following sales dur
ing the week: Southwest corner of Wal
ing, NJ. Schultz to p. Trethei, $4,000; i'm
proved property on the east line of De
Broadway. 65:31kx19716, DR.. r. A. Mclean
to Mrs. Sarah l.. coffin; also auJoinins
lot of the same size to ". S. Davis and
the lot to the south of the last named and
lot purchased by Mrs. Coffin is oil the cor
ner of Broadway. The corner of Pacific
avenue and Devisadero was purchased by
Mrs. S. NJ. Spooner last fall. The aggre-
gate price received for the above lots
and improvements was 100000. Mrs.
Spooner has already begun to erect
plans prepared by Cogshead & Cogshead
architects Plans for houses to be erected
on the Jones property are now being pre-
pared.
The sale of the ffty-foot lot on the
north line of Washington street, between
Locust and Spruce streets, by the estate
was yesterday confirmed by Judge e. Trout soVyn
of the Probate Court. Mr. Green will
at once begin the erection of a handsome
brick residence on the site.
Father Crowley of the Youths Direc-
tory, representing the Catholic church,
has sold through A. M. Speck & Co. a
fifty, foot lot and frame building on the
south side of Turk street. The name of
the buyer and the price paid are not
given.
G. H Umbsen & Co. report the follow
ing recent sales:
Forty-nin lots in the Marion tract
of the German Savings and Loan So
ciety at Waller, Steiner. Pierce, Por-
tola and Carmelita streets; improve
ments at 1920 Golden Gate avenue and
lot 6S:9 by 1875, Berwin estate, to DR..
Nj. A. Cachot; Improvements at 2619
Octavia street and lot 20 by 125 feet.
James d. Phelan ct al. to r. T. VII
hams; Ferdinand Refs to John l.. Kos
ter lot ~ by 34:S and 422 feet bounded
by Twenty second. Illinois and Michi-
gan streets; Ferdinand Refs to Claus
Spreckels, lot fronting 90:4la feet on
Michigan street and 92:71@ feet on ILL
nois street by 200 feet deep; Louis
Rosenberg to Mrs. E. A. Judson. i'm
provements and lot 45 by 50 feet, stu
ated on the northeast corner of O'Far-
rell and Leavenworth streets: George
Tourney to Edmund Burke, improve
ments 1916 York street and lot Is by
100 feet; Emma c.. Wagner to Amelia
a. Mayer, improvements PA Lombard
street and lot 27:6 by 60 feet Mary A.
T.. Walsh to II. E. Bothin improve
ment and lot 20 by so feet southwest
line of First street 80 feet southeast
of Howard; Joseph NJ. Wood estate to
Frederick r. Drinkhouse lot 37:6 bv
1876 feet on the southeast corner Of
Vallejo and Steiner streets; Rachael
Beerman to William l.. Hughson. lot
80 by 1861 feet on north line of CLAW
street, 1876 east of Cherry; Rachael
Beerman to Edison w. A. Waterhouse.
lot 80 by 142 feet on north line
of Clay, 172:6 feet east of Cherry;
Thomas Connolly and wife to Thomas
Kerrigan. Improvements and lot 25:3X
so, southwest corner Twenty-fourth
and Sanchez streets; Mrs. Daniels to
II. e. Bothin, improvements and lot
25x100, southwest corner of Folsom