The San Francisco call., 1909-10-23
|PORTOLA FESTIVAL
REALTY STIMULUS
Visit of Thousands of Strangers
Bound to Have Effect
Upon Market


circumstances, to inspect San Francisco
during the last week. Perhaps the
number has been even greater, for 1t
included everything that can be de-
scribed as the transbay region. by
which is meant all of San Francisco
and every county that fbordersxon the
bay from Santa Clara county, north
ward and eastward, all of interior CAL
ifornia in representative numbers,
thousands from other states. a large
delegation from each of the southern
counties of California and many from
foreign lands--tourists official visitors
and others.
1t is extremely probable that there
were thousands of San Franciscans who
were not personally familiar with all
parts of the city 10 days ago who have
since observed the improved streets. the
improved class of structures that sue
ceeded those of an older and less ad-
vanced architectural time, and now
know the city very thoroughly.
VALUE OF INSPECTION
In the opinion OF many Of the fore
most owners and brokers connected
with San Francisco's realty interests,
the carnival has done more for San
Francisco as a means to make known
what there is here in material things,
and even more important, what the
present spirit of the people really Is.
than could have been accomplished In
any ordinary way in years. Conse-
quentlyano broker deprecates the clos
ing down to "a large extent OF the
brokerage offices during festival times
and the general interruption to irlr
quiry for the time being Indeed. there
is not a broker of realty in San Fran
cisco who will not say that the crowds
of the week have tended to make an
ultimately greater inquiry and to in
sure greater things for this city.
In the nature of things the process
sions that have moved through the
streets have passed where the burned
district has been most expensively and
splendidiy improved. On these thor
oughfares have congregated by day and
by night people from all parts OF the
world whose curiosity has been stimu-
lated by the history Of this city during
the last three years, and whose eyes
have been gratified by the sightiiness
and giories of the rejuvenated and re-
constructed San francisco.
BUSINESS DIVERSITY SHOWN
Every picture that has been published
in daily newspaper Of San Fran
cisco in the past week. in connection
with a pageant of any kind. has nec-
sessarily included the fine new buildings
of central portions OF the city. Thus a
permanent record for world wide dis
tribution has been made up in the way
most likely to convince and inform the
world of what San Francisco is loke
now.
The distribution OF the hotels to
l.
caused a great crowd of visitors tod
become acquainted with sections of San
Francisco that might not have been
viewed otherwise. The pleasing wealth
er conditions made tens of thousands
visit all points of interest during the
earlier part of the week, and whatever
pf charm there is in San Francisco's
parks, and the Presidio. and the match
less scenery that surrounds and also is
a part of the city proper, has been duly
experienced and duly appreciated
Necessarily there have not been as
many important transactions in realty
this week as ordinarily. Those that
have taken place have served to show
the solidity of real values and the gem
eral estimation in which San Frauciseoi
realty is held as profitable invest
ment.
A number of leases have been nego-
tiated. The number of building con-
tracts has been about normal and some
handsome business structures are In
view, in addition to apartment houses,
flats, hotels ETC.. that are under con-
cract for construction
SHARON ESTATES FAITH
The most significant announcement
of the week was one made by A. j.
Rich & Co., which conveyed the pleas
ing information that the Sharon estate
company stands ready to build first
class structures of any description to
suit tenants, on the central and in
portant lots In the downtown district
that front on New Montgomery, Mis-
sion, Howard and other streets. The
Sharons have been prominent owners
of leading San Francisco real estate for
long term of years.
All their properties on New Mont
gomery street, and on the other streets
upon (which they now offer to Hbera1ly
and splendidly rebuild were destroyed
by fire in 1906. Their losses included
those represented by the Palace and
Grand hotels and many leased struc-
lures centrally situated. Their present
intention and promise to improve large
ly is more significant, perhaps. than
any announcement heretofore made by
private capital with the possible ex-
ception of the Crocker estate company,
which has carried out the most extend
ed individual building program of
any one private concern in the city up
to date. on Market street, on Grand
avenue and elsewhere.
SALES IN ALL SECTIONS
While the sales of realty in the last