The San Francisco call., 1906-10-06
Western Addition
Attracts Many
Purchasers.

= -
put on record during the month of
September. amounting TO $2.3s7 9e7;
compared with the month of August
there were only Seventy-flve sales less
IN number and 100000 less in amount.
according 10 q statement made in
circular being published by Thomas
Mcgee & Sons.
There were more sales in the West
ern Addition than in any other portion
Of the city, the amount being S675,2O
The hundred Vars section came second,
with S507,S9o. Next came the Mission
with lS5 sales, amounting TO $500, 500.
In the nity Vsra section only thirty
two pieces Of property were recorded
as sold, amounting 10 S40S,227
The principal event IN the sales mar
i1et during the month was the sale Of
the Masonic Temple site on the north
west corner Of Montgomery and Post
streets, for $3.50, coo net This prop-
erty was purchased by Rudolph
Spreckels as 2 site for the new First
National Bank building, Of which in
stitution he is president.
There were zos mortgages recorded
in the month Of September, amounting
70 S20S4144. This is only about $780,
600 less than was loaned in August
The banks are still willing to lean all
or large portion of the insurance
money, which would have gone to them,
70 the owners OF the property with
which TO rebuild here is very good
demand for money from owners Of
large holdings in the burned district
who are desirous of erecting from six
TO eight story class a" buildings.
There is much more demand fer large
improvements Of this kind than the
banks at this moment are willing TO
grant, because the value Of the land
on some of these downtown holdings
has not yet been accurately determined
by actual sales in sufficient number TO
form & fair basis for comparison.
The most gratifying feature Of real
estate news this week is the disruption
OF the harmonious relations that ex-
ssted for some time between the COM
bine and the various millmen who were
not in the trust
The independent millmen were per-
fectly willing TO keep up the price OF
lumber, but they found that while the
combine. which received high prices for
their product, reaped a rich harvest,
they were paid at the same old rate
and were told that was all they would
get and if they fought the combine
they would be shut out of this market.
These threats, it appears, did not
frighten them and the independent
mfilmen got together and formed a
combine between themselves.
It is their intention 10 sell lumber
here during the winter months and
il VIII be much cheaper than it has
been since the fire. The millmen will
sell 70 the builder direct and il is
said that building viii be from 10 to
Is per cent cheaper than il has been
since the disaster.
The milImen contend that they have
made arrangements With the owners of
here and there wiz be no trouble on
that score
The high price Of lumber has done
the city a good deal of harm in the
East and the claim is made that owing
70 the unsettled condition Of this mar
ket Eastern capital has been chary
Of investing here. Through this quar-
rel between the lumber men San Fran
cisco viii be benefited and we are
given assurances that lumber. at rea-
sonabie rates, viii be purchased here
within short time.
ADMIRE OUR COURAGE.
L. A. WeidemuIIer, who has recently
returned from New York where he
has established an once for the benefit
OF the Eastern clients Of HarTigan,
Weidemuller & Rosenstirn, said that he
heard nothing but the most fattering
remarks about San Francisco while he
was IN the East. What was most ad-
mired was our courage, and the resi-
deal Of praise for their pluck in start
ing in 10 rebuild before the bricks were
hardly cObl.
Eastern capitalists he said. are
looking toward San Francisco for in
vestments. There is a great deal of
money lying idle in the big centers
and several syadicates have been
formed with g capital Of from sz,000,o0o
10 IS 5.o00, coo, v hich money Will be used
upon this coast
Il an in touch with two or three
Of these syndicates and there are many
more of which / do not know. One
thing that has kept this money away
from here is the unsettled condition
of the lumber market and the high |
prices that obtain for building material. |
But as both these conditions are regu-
lsting themselves rapidly, ] look for
& great boom in building. I am told
that during the past two weeks there
has been a big influx Of good me-
chanios into the city, and SO this ques-
ton Of labor is gradually solving
itself
Several contractors have told me
that there is not the least difficulty in
finding good carpenters and one was
surprised the other day 70 have 70 re-
fuse work 70 two men who applied for /
Jobs. as he had All the carpenters he /
wanted. He, however, was able TO d. /
rect LLfm 10 q DtlldiHE WHrtt bHFS ]
were employed immediately
ssWhat do the Eastern people intend
doinge Wei, they viii build and they
p5Il take long leases. There have been /
several men looking over the ground
lately and they have all taken back 4
with them most catering reports. (
Everything is encouraging and looking 4
toward Z steady and permanent growth /
so far as I an able to Judge
RESIDENCE BUILDING.
A marvellous change has come over
rhe face Of the residence district bor-
dering Hyde street. north Of California.
Large houses sre sprin ging up on every
size. and they are not fimsily built but
arr good. substantial structures Prop s
ertv in this PART of che city is steadily I
rising. and il VIII not be great while
before Jackson. Sacramento. Clay and .
streets VIII be densely pop (
mated The demand for fats is large. ef- +
pecia5ly in the neiebborkood CT the Pan 4
handle and Devisadero street. tits the
desire II most people TO get as far out 4
q town a. possible. and this Is further
shown By TIE numerous Inquiries Tor
iots in -he 1liss.cn. and also IN the