The San Francisco call., 1907-06-08
MORTGAGES DURING MAY

Ger me present CONDITIONS Is DOl6Dle. Inc
number OF small transactions which continue is
worthy Of comment.
MORTGAGES DURING MAY
The same authority in discussing the
realty conditions. reported:
There were 574 mortgages recorded during the
month Of May. amounting in value TO s.. 6S5 ia
snd releases Of mortgages recorded TO the number
~ 81 OF this total the Hibernia bank loaned
s. 961 945 the German bank $Sz4 952. the San
francisco savings union $3.50 3l2 the Humboldt
bank $1,000. while the other banks followed
Win smaller amounts Ibe loans by private IN
dividuals amounted TO Se72.S59 For the present
1he savings banks are not considering making
ieE ios1s until money conditions are easier The
rste of interest charged on renewals of old loans
Is per cent gross, OF per cent net in the case
The MORTGAGES Of importance recorded during
the month were follows: Hihernis bank TO
Fairmont hotel. northeast corner OF California
and Mason streets, north 10 Sacrs mento, east TO
Powell. south 70 California and begin
ming S1o0. COO Hibernia bank 70 Herbert E.
Law. south sorner of Market and Annie streets,
142-sxl6o. 100000; Hibernia bank Mark
Sheldon company. east corner Of Market and
Frst streets 9l -Sx13T :6 $500. 900. and Hibernia
bank 70 Thomas ; Williams; east corner of
Third and Mission streets 55xT7:6. $210. 600. In
ell Of these cases the loans undoubtedly
building loans, as all Of these properties have
improvements IN course OF erection. German
hank Edwin 7. and Grace s. Osborn. on i've
6fTerert Parcels s3l7. 600 and Hfberuis hank
70 Ellen A Fife. northwest corner Of Market
and Drumm streets, 81 By z6 and %. 5000 0o0
BETTER FEELING Is SHOWN
The Improvement in the streetcar
controversy, the settlement OF the iron
workers strike and the adjustment of
the sympathetic strike Of the electrical
workers union Of linemen by the In
ternational brotherhood Of electrical
workers have had a reassuring effect,
and the belief is expressed that the
, labor situation is improving substan-
italy and that the city will soon be IN
a normal condition. Real estate opera
tors report that there has been consid-
cradle inquiry for residence property
and they attribute this 10 the fact that
many people who left the city after
the fire are desirous Of returning and
being unable TO rent houses are pur-
chasing land on which to build. This
is especially true Of those people who
passed winter away from the city
and who declare that nothing will in
dUce them TO spend another winter
out Of town so long as their business
compels them TO come here daily.
An evidence that San Francisco
is regarded as good place not only
in which to invest money, but in which
70 live, isgshown by the fact that
Adolph Coors. a multimillionaire If
Colorado. has bought a fine residence
lot on Preside Heights, through the
agency of Harrigan. Weidenmuller &
Rosenstirn, on which he intends to
build a magnificent house. The lot is
on the north line OF Washington street
between Locust and Spruce, and has a
frontage of 1916 by depth OF 127 II
IS Coors' intention to build in the near
future.
HELPS REBUILD CITY
Among the many nonresidents who
came 70 the city directly after the FIRE TO
help rebuild the city was Henry Kahn,
who having started all his buildings.
is about TO return to Paris. Kahn is
one of the old time merchants of San
Francisco and for the past few years
has lived abroad. After the disaster
he came here and has rebuilt in Van
Ness and Golden Gate avenues in
Brannan street between Second and
Third. in Eddy street between Mason
and Taylor. on the southwest corner Of
Powell and O'Farrell streets and IN
the west line of Van Ness avenue be-
tween Golden Gate avenue and Meal
lister street and also organized a COM
pany to build on the old Russ House
site.
ing speciality of loans during the
past 80 days and report having placed
for various clients several hundred
thousand dollors in sums ranging from
$4,000 10 $4,000 each. Preference has
been shown by lenders for first class
collateral rather than city real estate.
although quite a number Of loans have
been made through the real estate firm
on business properties The loans al
most Invariably have been for two
years. and the rate of interest has been
at the rate of per cent net to the
lender. This is a higher rate than has
prevailed with the banks, but during
the past 80 days nearly all of the
savings banks have been declining
loans. which has brought into the fieid
private lenders who are taking advan-
fage of the prevailing high rate of In
terest.
An unique project among suburban
subdivisions is presented to the public
by the Point Richmond canal and land
company. comprising LOO lots in the
ic4nter Of Richmond. q portion Of which