The San Francisco call., 1899-05-11
CAPITAL STILL
SEEKS BARGAINS
IN REAL ESTATE
Recent Furry Causes
Withdrawals.
MONEY REMAINS PLENTIFUL
IMPROVED BUSINESS PROPERTY
IS WANTED.
Demand for Lots in the Residence
Districts Continues Fairly Active
and Building Operations Make
a Satisfactory Showing.

The real estate market continues firm,
although the number of sales reported
during the past week or ten days is not
large. The almost unprecedented demand
for property in the wholesale district,
which caused quite furry about a
month ago. has had the effect of causing
the withdrawal from the market of many
valuable pieces of improved real estate,
which has of course put partial stop TO
purchases temporarily Nevertheless
money is abundant and investors are on
the lookout for desirab offerings In the
residence districts the demand continues
active and a number of transactions are
reported. There is also marked activity
in building circles, contracts aggregating
$40 900 having been signed during the past
week
Mrs. jeremiah Clarke is about to have
erected at the southeast corner of Mason
and O'Farrell streets a five-story build
ing containing los rooms and three stores.
The building will occupy a lot 55XS7 feet,
and will cost about $4,000 The plans are
now being prepared.
Shainwald, Buckbee & Co. report the
following sales made in the last ten days:
The building, containing two stores and
two flats, with the lot, 37:6X62:6, on the
southeast corner of Hyde and Pine
streets. by Charles Schlessinger for $19-
"
west corner of Pacific avenue and Cough
street by Nellie II. Bacon to A. j. Treat
for $4,000; dwelling, three flats and lot
81 :4X1Z7:6, on the south line of Clay street.
west of Larkin, for $4,000, three flats on
the north side of Sacramento street, 13l
feet east of DevisaderO, with lot 25X
127:SA for Sl2 ,000; an unimproVed lot, 30
Xl37:6, on the east line of Van Ness ave
nue., 81 feet north of Pacific avenue, by O..
d. Baldwin to DIR. Winslow Anderson for
$40 900.
nril sol Of n 70 cd
by G. H. Umbsen & Co.'S Real Estate
Record to have numbered 290 and to have
amounted TO $l,S20,19S 1t says: The
records show an advance each month in
the amount of business transacted in real
estate April's gain over March was $500
GOO in round numbers while 1t was more
than $3.50 900 over the March sales. "
David Stern q Sons have gone out of
business and the senior member of the
firm is now with q. Fl. Umbsen q Co.
The change was effected yesterday. and
was a great surprise to dealers generally.
MIR. Stern assigns as his reason for
closing his office that the increase in
competition had become so great that
profits had suffered
Baldwin & Howell will hold an auction
sale to-day to dispose of the following
property: Three-story fiat building on
on the corner of Octavia and Oak streets:
two-story residence on Octavia street;
double flat on Howard street, near Twen-
ty-third; lot and improvements on the
southeast corner of Duncan and Guerrero
streets; undivided half interest in lot and
improvements on the corner of Alabama
and Twenty-fourth streets, and a number
of unimproved lots in various parts of
the city.
McEwen Brothers of lis Montgomery
street have opened a branch Office on
Stanyan street, near Haight.
An electric elevator has been placed in
the Thurlow block.
The Columbian block is to be provided
with new janitor service and two new
electric elevators are to be put in.
Loans for the month of April aggre-
gated $1,229 1872 and the repayments
81, 1925, 1874. Building contracts for April
numbered seventy and aggregated $427 :
377 rs.
Mrs Armand Decourtieux has filed a
$4,000 homestead on the premises on the
south side of Union street, 206:S feet west
of Mason