The San Francisco call., 1909-10-09
Sl5S,OOO,OOON new
BUILDING RECORD
Actual Contracts Since the Fire
Prove Marvellous Progress
of Rehabilitation
Realty Transactions Heavy and
Increasing Confidence
Shown in Loans

Since the conhagration of 1906. ac-
cording TO Thomas Magee & Sons
real estate circular, the total building
contracts entered into in San Fran
cisco have amounted 10 s143,Ss6.S45
This shows that q large part of those
who had early intended to build in
San Francisco have carried out their
intentions. It is estimated that nearly
all buildings that have been erected
have cost in excess Of at least 10
per cent above the original contract
price. On this basis the total value
OF buildings erected since the fire
amounts TO not less than s15s.00o, 600.
The number of building permits
Issued since the FIRE up TO the end Of
the month OF September. was 2S.4SO,
and they represented a total of s164.-
SS4S02. The building contracts that
were entered into during the month of
September were as follows: Frame
s7sO.52e; brick. $s22.4l7; alterations.
S112 04O. The total value represented
was sI7249S3.
The figures relating, in one way or
another. 10 local realty. that were in
VOWED in transactions for the mOSth
just closed, were large. The sales rep
resented s2,0s2,OIs. The mortgages
amounted to SS,75e,5l4 and the build
ing operations were. as said, so far
as represented by building permits,
Sl724eS5. The total OF these three
items is s7.563.5I0. Concerning the
sales OF September Thomas Magee &
sons report as follows;
The only large sale of Importance
recorded during the month was that
. Of the southwest corner of Pine and
Sansonle streets, 1874 feet front in
Pine street by 1874 feet deep in San
some street sold by Mrs. Virginia Van
derbilt 10 the United States government
for sS75.O00. for a site for the new
subtreasury building. The usual num-
Der Of medium priced sales were made
II Is believed that now that the sum-
mer vacation months have passed, the
amount Of monthly sales for the bal
ance OF the year viii be higher than
in the last few months.
BANKS MAKING LOANS
Concerning the loans and deeds Of
trust. Thomas Ma gee & Sons make the
following report for the month Of Sep
tember-
During The month Of September, 667
rnortga ges and deeds OF trust were re-
corded gainst san Francisco real es-
tate for a total Of s3756,514, while 426
4 releases Of mortgage and reconNey-
7 snces Of deeds Of trust were recorded
during the same period. the amount Of
which is not obtsins bic from the office
of the county recorder. II is noticeabfe
that the amount OF mortgage made by
private individuals IS gradually de-
creasing, only sS22,252 being loaned by
private individuals during September.
or about y per cent Of the total
amount Of mortgages recorded.
The largest mortgage Of the month
was that given By Emma Rose to the
Hibernia bank for s50o,e0O at 5la per
cent net on property in Sutter street
between Kearny street and Grant ave-
nue.. rs 10y 1875 The Pacific Mutual
life insurance company loaned the Bo-
hemisn club 100000 at 51z per cent
net on its property a the northeast cor
ner Of Post and Taylor streets. los feet
or Post by 1881 on Taylor and 81 g
on Hobart alley. The Bohemian club
also gave a bond mortgage for $780,
oe0 for 20 years AT per cent on the
same property. the Union trust COM
psny acting as trustee for the bonds.
The Hibernis bank loaned TO Edward
s Rothchild s190709 at ~ per cent
net on property in the southeast side Of
Market street. between Third and
Fourth 80 BIZ 100 The san Jose safe
Gala CHAN estate company $4,000 on
the gore corner Of Market and Meal
lister streets and west corner of How
zrd and Steuart streets. At the same
time a release was recorded on the
same properties for $4,000. The Ger
n1au bank loaned to the Somers es-
tate company sos, 600 on eight parcels
Of property in various parts OF the
city. The Pacific Mutual life insurance
company loaned TO Harriet Mccarthy
$50 600 At ; 4 per cent net on the
northeast corner of Bush and Stock
ton streets. The Hibernfa bank loaned
70 George /. Fish $4,000 at 5ts per
cent net 81 the southwest corner of
Pine and Taylor streets. The French
savings bank loaned the Patterson E.
Person realty company $4,000 in the
west side of Mason street, between
Eddy and Ellis streets
Interest rates remain at 5 y per cent
net at our savings banks. An an
nouncement was recently made by the
representative Of the Equitable life
assurance company that the company
was prepared to loan an additional
81 SOC. 600 TO s2,o00.O00 to what it had
already loaned on centrally located
real estate in this city This is an ad-
ditional proof Of the confidence these
large eastern financial institutions
have in san Francisco.
SAVINGS BANK LOANS
The same authorities discuss savings
bank deposits and real estate loans in
terestingly. From their figures II ap-
pears that the savings banks in San
Francisco the first six months Of the
year had deposits amounting to $780,.
173. .360.2s This was an increase Of
more than s4.0O0.000 in six months.
The following interesting table shows
the savings bank deposits for six
months and also the loans on San
Francisco real estate made by each in
the same period. 0
Loans on