The San Francisco call., 1899-09-16

JUDGING from visible results. the real
1 estate market has been far from
ri active during the past week, but the
public records do not indicate the
amount of negotiating that is going on
between the brokers and would-be pur-
chasers of desirable investment property.
1t is a fact that there is more money seek
ing investment in San Francisco realty
now than has been the case in months, if
not years; but owners appear disinclined
to sell. being apparently satisfied to hold
on and await better prices. which every
body seems to feel sure will prevail be-
fore another twelve months have passed
AS one real estate man said yesterday:
There has not been so much money
looking for investment in real estate in
this city for years as there is right at this
time, and 1t is only a question of time
and a short time at that-when this money
will be placed. There is bound to be a
great deal of activity in real estate circles
this coming fall and winter, and believe
that San Francisco has entered upon an
era of prosperity which bids fair to stay
with US a long time.
There are at least half a dozen deals
now pending involving thousands of dol
lars each which would have been con-
summated weeks ago but for the fact
that flaws were discovered in the titles,
which must be rectified before deeds can
be passed and the transaction go on rec
ord. In one instance negotiations for
property valued at over $500 900 are at a
standstill because of the discovery of a
flaw in the title. Brokers all have plenty
to do, and they are feeling in excellent
spirits. They say the outlook for a big
fall business could not be more encour-
aging, and they profess perfect satisfac-
tion with the existing state of affairs.
While there has been slight falling off
in the number of building contracts filed
during the week, there is great activity
in building circles. There are more good.
substantial buildings now being erected in
San Francisco than at any one time be-
fore in years. The work OF laying track
for the new electric railway on SanSome
and Montgomery streets will soon be
completed, and when the cars are run
ming along those thoroughfares and the
bitumen pavement is laid on Montgomery
new lease OF life. In fact. old buildings
are already being remodeled in prepara-
tion for the changed conditions and busi-
ness men in that section OF the city are
anticipating a healthy revival.
Thomas Magee & Sons report the follow
ing recent sales: Lot and three-story
frame building on the northeast corner of
Pine and Polk streets, 20x62:6. $14 $50; lot
on the northwest line of Harrison street,
80 feet east of Essex, between First and
Second streets, 51Xl00, $3l62; lot on north
east corner of Essex street, between First
and Second streets, east 50X100, s3700; -ot
on north side of Union street, 1876 feet
west of Deyisadero street, west 4Ox1S1 g,
$500; lot on south side of Union street. 80
feet west of Devsadero street. west Box
1875. $500; next lot adjoining sold for
about the same price; lot on northwest
corner of Union street and Broadway,
44xSS and 103 feet, $500.
G. H. Umbsen q Co. report the follow
ing recent sales: improvements at 742,
744 and 746 Mission street. between Third
and Fourth; terms private; subject to the
approval of the Probate Court. z. NJ
and T. H. Jones to II. T.. Bothin, i'm
provements and lot 53;4x155 feet. situated
on the southeast line of Howard street.
275 feet southwest of Fourth. sl9, 500 AL
fred w bennett to Mary l.. Wurm, i'm
ter street,. $3.50 Joseph M. Comerford
estate to James McCook, improvements at
u Day street and lot 25X114 feet. $500
Subject to the approval Of the Probate
Court Abrams estate to Daniel OToole,
improvements at $3.50 McAllster street
and lot 37:6x1eO feet. $500 Subject to the
approval of the Probate Court. Louis
Sober estate to Mary H. Knofiach, i'm