The San Francisco call., 1909-12-11
Of State and Prosperity Of City Insure Confidence
BANKS RUSH WORK
ON NEW BUILDINGS
Important Realty Deals of Last
Week Show Healthy COn-
ditiOn Of the Market

II is estimated that s500, 900 viii
.be received for the crops and mineral
output of California for the year 1909.
This is a rough estimate made by good
aothority. and is based on the values
OF producls of fields, orchards and
mines in California for the year 1908.
The shipments of California products
eastward during the present year have
surpassed those of the preceding year.
supposedly the mineral output of this
state for 1909 viii exceed that of 1903
ay something like S10 600 600.
I'm addition TO these large sums. com
rlerce has taken on a better aspect in
san Francisco in 1909. relatively. than
q any other port in the United States.
his point has already been illustrated
hy statistical showing The real es-
tate situation has also very largely i'm
proved locally. Sales Of business prop
ert3 are Increasing in number and the
demand is reported TO be brisker than
u has been for some time.
More sales are being made in medium
sized properties The instaliment sales
based on subdivisions of large tracts
are holding their interest Within a
few menths the aggregate OF great
ms mentioned at the beginning OF
this article win have due effect on San
Francisco realty.
EKPECTED BRISKER CONDITIONS
In all the real estate brokers offices
the condition is viewed with anticfpa-
tion- Meanwhile outside causes con-
Tinue to give new reasons for reason
p bic expectations that the realty deal
ipgs viii grow more brisk In the
last week a syndicate has offered to
Ike all OF the large Offering of rnu-
nicipaI bonds The supervisors have
prepared plan TO test the sentiment
of the people on the subject Of acouir-
ms a municipal water supply. The ex-
tension of large section OF the North
western Pacific railroad toward Eureka
mas been provided for. The Southern
Pacific road win be double tracked
through part Of the San Joaquin val
ieI- as previously foreca sted.
Thus steps are being taken in vari-
Gus directions TO open on advantageous
terms for san Francisco trade territory
h1 the older transportation line in its
own territory and by the Western Pa
enc in the immensely rich counties in
california through which its tracks
fan territory that has been dormant
Tor many Eears, in part, solely because
transpOrtation was not provided for
products outward and merchandise in
ward bound for home uses.
IMPORTANT DEAL RECORDED
At the opening Of the week a large
oeai that was put through by the
asency OF Lyon & Hoag, involving the
transfer Of valuable central property
III a handsome figure, was made a mat
let OF record In some ways this is
considered to be as significant as any
deal that has taken place in San Fran
cisco since the fire Of 1906. It has at
4
deal recently reported relating to the
Blythe block. Work is already in
progress on the building on the old
blythe property that viii be erected by
The Bankers investment company in
The east line OF Grant avenue. next
north Of the Union trust company's
new bank building, concerning the
plans for which announcement was
made last week in this paper.
The Improvement OF another corner
of OFarren street, at the junction of
D'Farrell with Stockton. is ready to be-
gin, the wreck Of one Of the tenpora ry
shacks having been completed and the
eround having been cleared. BY a
coincidence the only breaks in the
building construction in both Grant
avenue and Stockton street, in the vi
cinity Of O'Farrell, viii thus be closed
.multaneOUsly. In both instances the
new structures to be erected will be
I0f colnnerclal purposes.
RUSH WORK on NEW BANK
The new banking house at the north
west corner Of Sutter and Sansome
streets is being hurried toward COM
pletion as rapidly as possible. The
other new banks in construction in
other portions Of the city are making
ready for occupation. The news has
already been published in this paper, in
the last week, relating to the acquisi-
tion by the German savings bank of a
site in the Richmond district for the
erection of q branch banking struc-
ture. The plans for this building have
not been made. The bank officials are
reticent in speaking of the matter
The site is the southwest corner Of
Clement street, the principal present
business street in Richmond, and Sew
enth avenue. This is large piece OF
land with IS feet frontage in Seventh
avenue and 40 feet frontage in Glenn
ent street, south line. The plans Of the
bankers. as reported. include the sub
division OF the land, the placing of q
branch bank on the corner, with a
frontage in Clement street of so feet
leaving a frontage Of 20 feet in the
same street for other uses
whether this additional piece Of land
will be sold or'wil be improved by the
bank for its own uses is not said pub
lfclv The building site has been owned
for some years by the Richmond dis
frict Congregational church, which has
maintained a church structure there.
The church has made a profit Of more
than 1000 on the land. A new site
FOR the church has been obtained at the
southwest corner OF Point Lobos and
Seventh avenues. one block distant
from the old site.
IMPORTANT WATER FRONT SALE
Interest is kept alive in the deals fo-
proDertv near the water front, near the
foot Of Market street. by the announce
,aent that a parcel ia Steusrt street has
been sold As has been the case ia all
ira ansactiOns recently near East street,
or in the direct line Of continuation of
properties known unouestionably TO
belong to the Southern Pacific com
fanv. sus.n1ise connects that corpora
son with this latest deal, but the whole
faalter. as far as the public is con-
gcrnaa. IS largely one Of surmise.
Secrecy IS preserved. Energetic denial
IS made by tenants Of the report Of q
recent sale in Market street. near the
wster front, affecting the Chris Buck
Icy property.
Within a short time OF Christmas,
there is no visible interruption in the
inquiry for realty in this city and in