The San Francisco call., 1908-08-08
JULY SALES OF
GREAT VOLUME
Property Worth Nearly Four
Millions Changes Hands
During Month
Financial Conditions Becoming
Easier and Money Avail
able for Building

The real estate circular published
by Thomas Nsgee & Sons for July
shows a decided Improvement in the
market. and according 10 IL there were
$50 sales OF real estate in San Fran
cisco during July, amounting 10 SS,S7s,-
7s5. This is the largest monthly total
since March, 1907, with the one excep-
tion OF April, 1905. when the monthly
total exceeded this amount somewhat.
caused by the recording of the deeds
on the Eairmont hotel deal The sale
involving the largest amount OF money
recorded during the month was that OF
the block bounded by Third, Fourth,
King and Berry streets. sold by the
Hastings estate 10 the Southern Pacific
railroad, for $500. 0oo- This sale was
made many months ago. but its clos
ing ike that OF many other sales made
/ Just before the financial stringency,
was postponed until recently. The clos
ing OF this transaction has been at
tended with considerable interest, as
the seller. acting through William
Giselman, trustee, has reinvested the
proceeds in several large pieces OF in
come paying properties in san Fran
cisco, thus showing confidence in san
Francisco investments al a time when
many who have such confidence, but
have not command of ready cash, are
unable 10 90 so. The purchase by the
Hastings estate OF the Levi Strauss
realty company property on the east
line OF Battery street. s215 feet north
. OF Bush street. g feet ) inches front
BY 1879 feet deep. for s425.00o, which
was recorded during the month just
closed was the largest Of several pur-
chases made by the Hastings heirs
DELAYED SALE COMPLETED
Another very large sale recorded
during the month was that OF the Irwin
and Iyers property at the northwest
corner OF Grant avenue and O'Farrell
street, 76is by 81 in size. for $3.50, 00o,
10 the san Francisco savings union.
The sale had been delayed for many
months by reason Of q serious defect
in the title, and its final closing means
that another OF our savings banks viii
soon build on this site, which looks
ont on Market street IN the same way
that the First national bank building
does. and is therefore & purchase of 4
Market street site by this bank
Other sales recorded during the
month were as follows Northwest
side of Bryant street, 80 feet north
east OF Seventh. northeast s2L by
northwest 275, for s4s.I65, sold TO the
city OF san Francisco: the northwest
corner OF Lombard and Hyde streets,
Il feet inches on Lombard and 1371 4
feet on Hyde street. with the Robert
Louis Stevenson residence, for $4,000:
southwest corner Of Sacramento and
Cherry streets. 81 by 81. with apartment
house, for $4,000; south side Of Oak
street 81 feet ? inches east OF Lyon,
4 feet inches by 1874. for SIS 900,
south side OF Bush street, 1S3 feet 1
inches east OF Stockton east 81 feet
inches by south 126 feet. for $4,000;
south side Of Washington street, 1871
feet west Of Laurel, west IS = by south
1z7 2-5. for $4,000; and west side OF
Valencia street, 145 feet south OF
Eighteenth street, south 50 BY west
100, for $4,000.
LOANS AND MORTGAGES
Concerning loans and mortgages dur
+ ing July the Nagee circular says:
During The u0n1h OF July So mortgages were
& total q S2-s72.e0z- During the same period
5s5 releases of mortgage were recorded. the
amount OF which s not obtsinsbie from the
recorders Office since the IRE Almost exactly
half q this amount was loaned By private
individuals. as distinguished from the mort
cages recorded 70 banks and other financial
T institutions here and II the east Most q the
f hank mortgages were renewals Of old loans
which hsd expired he Mutual life Insurance.
E company q New YORK loaned 70 Emma Rose OF
F TIE property a. the northwest corner of Suttei
street s1d Cara Lane. I13-6x137.6. $500 oOo
foE tnree years a. Per cent On this prop
E errT building Is - Be erected al once. which
hss been leased 70 " & J. Sloane & Co. on g
- year lease Al the same tine release was
recorded from the American bridge company Of
NeE YORK for she same property for SlI3. .26o
With 11zuciai conditions becoming SLOWLY
easier and the banks reSrrinr the making ol
snail leans. the money market has improved
and the possibility u obtaining money for re-
E building has increased Al sig1s point 70 4
which without any other setbscks should be
wel along toward normal some time after
The NoTe1nher elections are over Interest rates
~ the banks OF renewals and on small new
+ loans range from 51s 70 s Per cent net