The San Francisco call., 1906-11-03
Price Paid Proves
That Realty Is
Advancing.

announcements were mace yesterday.
one was the sale OF the Grand Hotel
site and the other that D. o. Mihs had
instructed John GaIen Howard to un-
dertake the work Of reconstructtng
the Mills building.
A good many sales have been re-
ported Of small lots and residence prop
critics in the Western Addition, and
operators contend that it pays to build
flats even at the Increased cost of ma
teriai~and of labor, as the high rentals
onset the expense of building. There
is, however, another side to the Ques-
ton ana that is the difficulty OF OBJ
tanning material.
According to those who are building,
new work is almost at a standstill ow-
ing to the impossibility TO secure steel.
iron and woodwork Vice President
G1annini Of the Bank OF Italy, who is
putting UP a number of fats and
apartment says all the. mills
are running at full capacity and as
they refuse more work orders have to
be sent out Of the city. Another thing
TO be taken into consideration is that
no one will take a contract All work
IS being done on commission basis
and that is expensive In speaking of
conditions, Mr. Giannini saidi
MATERIAL SCARCE.
''The chief difficulty Of the builder
IS to get material 1t is almost i'm
possible 10 get steel and iron. A friend
OF mine, who is building In Chinatown,
let a contract for the iron work on the
first Of August The iron was to be
delivered on the first of September.
He is promised the iron by Saturday,
but he is not at all sure that 1t will
arrive. Old brick Is getting scarce and
the price has been advanced TO 81
thousand and pretty soon there viii be
none to be had.
I'VE must expect things to be little
slack during the winter. but when
spring opens there VIII be a big re-
'viTaL People will have had time to
have their plans made, material viii
be on hand and there will be- plenty Of
labor. Indeed, so far as unskilled labor
o goes we have. enough, and we have
every assurance that before the winter
is over there wili be many more skilled
workpnen in the city. Building opera
tions are being rapidly shut down IN
the Eas.,. and the men will come out
here and probably settle.
This city is receiving an enormous
number of Greeks. believe that by
far the greatest immigration to San
Francisco is from Greece. The Greeks
are good la.borers and willing to work
The better class OF Greeks is going
into the restaurant business and tak-
ing. possession of Third and Fourth
streets.
q ''Going back to the building question
can say that we are much hampered
now For instance, I am building at
Mason and Water streets. and though
the house is ready am unable to get
doors or ,plateglass for windows. T
could put fifty carpenters at work on
my Hats at Bay and Leavenworth, but
l. cannot get material Everything
points TO big business next spring.
o however, and San Francisco viii be
the busiest city in the country then"
SALES OF LEASES.
A good many leases are reported to
have changed hands during the week
tits claimed that this new investment
IS profitable. one, as the investor
simply buys cut a lease and resells st
and is not put to the expense Of build
ing.
Edward L. Holmes, vice president of
the eFerrolite Company, has left for
the East. He will bring back with
him experienced construction men for
the wo1k his company is about to un-
dertake.'
Boardman Bros. have removed their
Offices to sos California street.
Bernard SehWeitzer has started work
on three-story and basement brick
building to cover a lot 55x1OO on the
north side of Market street, between
Marshall square and Larkin street
This building has been leased for a term
OF ten years by the Moise-Klinkner
Company through the Office of Fyarrf-
gan, Eeidenmuller & Rosenstirn at a
total rental of $4,000 for the term.
r D. Marsh Of Burnham & Marsh
Company reports the sale OF the south
west corner Of Devisadero and Geary
streets, 55Xs0, for account of NJ. d.
Meyer TO E. Schmidt for $S3.Oeo. The
improvements consist Of three large
stores and. two floors above Also
9 Julius Holm to Nita E. Hirschy the
southwest corner Of Benton and Bache
streets, size 5ex70 for $3.50.
Wolf & HOLMAN have closed the fol-
lowing leases:
For the Polk Realty Company to the
HeteL Baltimore, section of the two
the corner Of Polk and O'FarreII-
streets, 10 be used as sample-rooms.
also three stores on Polk street The
lease is for five years, and total rent
For Starr Estate Company to Walter
Martin, two-story brick building on lot
on Pacific and Kearny streets, with
Pacihc-street frontage of 105 feet and
a depth Of 90 feet The building will
contain hotel rooms above and stores
below. The term is a ive-year lease
and rental totals $4,000
. For account Of Ralph Crothers they
g have leased TO J. A Pearson the lot
and improvements on the southwest
corner Of Van Ness avenue and VAL
le10 street for a ten-year term at a
total rental of $1,000
For account of Signund Stern to
Lee Lum Lee, a three-story brick build.
ing 10 be erected on lot on the north
SIDE Of Sacramento street, near Kear-
ny, for term Of five years at total
rental OF $4,000.
SAY MARKET IMPROVES,
Thomas dagee & Sons report the
market for selling as gradually i'm
proving, and during the week Just
lOsed have negotiated sales aggregat-
lng an amosnt slightly under 500 600
Bor the account OF \. S. Payson they
have sold 10 Heyman Bros thirty-t1yo
acres Of outside land. known as the
Payson Tract, for g price around $50
ooe. This is the second sale Of large
outside holdings made to them since
fse FIRE
They also report the sale of a large
holding near the Pacific Mail docks.
eoact location of which is withheld for
she present The price is close to
Q p-5,o0e Other sales follow.
Fof count of L. NJ. Dohertv TO
.Sasluel -Spiro. residence on the west
fce % Webster street. IS feet south
- Sacramento. at price of $500
Portion Of lots Is and 16 section %.