The San Francisco call., 1910-07-09
CITY BANKS Hold
MOST MORTGAGES
Local Financiers Show Conf
dence in Real Estate and
Their Own Strength

A summary of the mortgages placed
on San Francisco real estate during
the first half of this year is given by
Thomas Magee & Sons Real Estate
Circular as follows:
During the six months ending June
80, 1910. there were 4,412 mortgages
and deeds Of trust recorded against San
Francisco real estate. for a total OF
s24.44s.5O4 During the same period
5000 releases OF mortgage and recon
veyance of deeds Of trust were record
ed, the full amount of which is not
given by the recorder. as his usual ref
erence to the original records of the
mortgages has been impossible on ac-
count of the destruction OF these rec
ords in the nre Of April. 1906 AS to
1883 Of these releases OF mortgage and
reconveyances Of deeds of trust. the
amount involved is given by the re-
leases the amounts are not obtainable.
SAVINGS BANKS RECORD
OF the total of s24.44S.5O4 lent during
the half year just closed. the savings
banks of San Francisco lent s16.222, 80r.
There was lent by private individuals
S7.012,530. by building and loan assO-
Citations $312.429, and by financial in
stitutions in California outside OF San
Francisco S555,23S OF this latter
amount the San Jose safe deposit bank
OF savings lent S3O6.0OO- II is worthy
Of note that this San Jose savings bank
has about a million and a quarter Of
loans outstanding in San Francisco at
the present time.
The Fireman's Fund insurance com
pany lent s241,00 during the six
months. No loans were made by east
ern financial institutions during the six
months These institutions have loans
outstanding against San Francisco real
estate forNs10.S20,5O0-
The $16.222, s07 lent by local savings
banks and trust companies Is sub
stanttal increase over the amount lent
by them during the last half of the
year 1909 when they lent a total OF
S13,556,623. and the first half OF 1909,
when they lent a total or s14.20s.s4O.
During the last half-year of 1908 the
savings banks lent total OF $4,000.
000 and during the first half OF the
year 1908 total OF $5,oo0.oOO-
DETAILS OF ADVANCES
OF the amounts lent by the savings
banks of San Francisco during the half
year under review the German savings
and loan society made SOS loans for a
total Of s3.S92.425; the Hibernia savings
and loan society made 767 loans for a
total Of S3,431.S58; the Savings Union
bank Of San Francisco made 221 loans
for a total OF $3.1o7. TOO; the Mutual
savings bank made 1913 loans for a
total of s77S,94S; the Humboldt savings
bank made 1873 loans for total OF
S696.075; the Savings and loan society
made SO loans for a total OF S663, sos:
h. Ia nj T0q n "
$638,500 on four mortgages the Sc
curfty savings bank made 20 loans for
total OF S636,790: the French-Amerf-
can bank of savings made 101 loans for
a total OF s533,6S9; the Union trust
company made six loans for total OF
1921 500; the Bank OF Italy made 132
loans for a total of $396,5S5; the Central
trust company made four loans for a
total of $500. ESQ: the Columbus saw
ings and loan society made 80 loans
for a total OF S2S4.700; the Swiss-Amer-
lean bank made 2S loans for a total OF
s17S.450: the Mission savings bank
made 49 loans for a total OF S1S7, ,335s
the Mechanics savings bank made 21
loans for total OF s54.620. and the
trust and savings bank made
three loans for a total of $4,000.
INTEREST RATES STEADY
Interest rates during the half year
lust closed at nearly all OF our savings
banks. have been at ~ per cent net.
although some of the smaller banks
made loans at per cent net Nearly
all loans are now made net basis.
the borrower paying the taxes. An ex-
ception to this was the money lent by
the trustees OF the Cogswen polytechni-
cal college, amounting in all to SS40.-
600. which was lent on Sh per cent
gross basis
During the month OF June 723 mort
cages and deeds Of trust were re-
corded for a total Of $3.401.737. Dur
iES the same period 431 releases wegA
recorded, on 121 OF which no informa-
ton was obtainable as to the amount
involved: as to $40 of these releases
the amount involved was $1.057. .1O2.