The San Francisco call. [volume], January 29, 1910, Page 17, Image 17

About The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913

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Financial Statistics Give Solid Basis to City's Realty Values
ARRAY OF FIGURES
IS IMPRESSIVE
Shows That San Francisco Is
Resting Upon a Firm Busi=
ness Foundation
An interrFtinp: study is supplied
herewith of some of the leading causes
that )<?nd assurance and support to the
values of local realty and to its pcr
rnanency as a favored form of inv>est
ment. The statements in regard to pach
<>f > the forms of enterprise considered
as* being of value to real, estate intpr
osts have been tempi led carefully and
t'ley are entitled to credit.
The showing that they make up col
lectlvely is brttor than the casual ob
server of affairs miprht, offhan*!. ex
p»-< t. The stuOent of realty and all
investors will do w*li to preserve the
facts and fipures for reference. Their
value for purposes of leg-itimaie pro
motion is too obvious to leave any
« hance for question on that score. Som*
of these are as follows;
1 "posits Ja state banks in San Fnm
ti»<y> $21C.735.75S
lles'Hirce* and liabilitiet! of nation*!
hanks in San Franrifcco 142.050.425
Hank clrprsn^eji in 190S-. 1,7^6. 24S,4y<i
.insets ft tmildiaK «nd loan associa
tions in California 2<\22S.llfJ
';va:id mil of California property 2.300.000,000
RufldXnc* cr^'t^d in 1903 in San
Fraß'-iRTo 50.411. 1f»6
K-'!!iii»t»Hi mineral output of state in
1909 75,000.000
Outpot of farras and orchards and
rine.vsrtte in vxr» 40O.«00.OOi>
\jun* made in l^an Frar.ci>co oa real
e«str security in ISK'y 44.555.20.';
San Frawiseo imports in 1003..... 5 . r.1 .400.02.".
>sti Fran<-i?cf> export^ in ISO? 30.431,483
Concerning- \u25a0 the larpe *?xcfss of the
imports ovr the exports it may be said
that these include the free imports a.»
well as those that are dutiable. The |
dutiable imports were ?16,000,0<>0 less
t),an the exports.
This imposing- array of figures con
tains niuch for reasonable hope, con
sidering: that they are made in less
than four years after all the business
district of San Francisco was destroyed,
with the exception of comparatively
small retail sections;
The (rerieral and uninterrupted propr
ress of the banking interests is a matter
of common knowledge. The expecta
tion that the mining: industry will add
SIO.OOO.C'OO to the record for 1910, as
compared to the record of ISO?, is en
t-rtained by all intelligent observers of
>tatistics in that regard.
,The United states geological survey
has already sent out a forecast indi
cating an increase ;n the production of
petroleum in California for the year
1909 of Ki.000,000 barreJs in round fig
ures. The average valuation .may be
00 cents a barrel, which, would give a
c.iin of $6,000,000 for that industry.
> ifrures derived from the same source.
iilso indicate a very large growth in
production of copper and the exten
sion of the gold dredging industry will
a»eo Qgure largely in the production of
the precious metals.
These several causes for local confi
,>.rn<r- are liable to figure in the re
narks made at the annual banquet of
the San Francisco real estate board.
Oa that occasion real progress will be
dwelt upon by the officers of the board.
More than any other class of citizens
they are in touch with the information
tfcat is necessary -to attract outside
< apital and to grease the 1 wheels of i
progress. h
The building and loan associations j
of California have reported assetß of j
more than 520,000,000. Their capital
invested amounts to $15,000,000 in
round figures. Their, profits that are
credited for a year are $3,000,000 in
round figures, and they have some
thing like $1,000,000 in reserve and un
divided profits. Their aggregate mem
bership is more than 30.-000, and the
:neiinbers who have taken out loans are
14.000. These figures are approximate.!
Inasmuch as the returns are ofli
<-tal!y made up for a fiscal year that
tVbds on the 30th of each June, it is
impossible to get exact information at j
lii is time, but those that are quoted!
are sufficiently near the mark to give]
v ver'i good idea of the part such as
sociations are playing in the promotion
of building in California. San Fran
<isco naturally has more prominence j
-than any other California city in con-]
ri^otirm with the building and loan as- |
sociations. this being due to the
greater population of this city and also
tr. thp conditions relating' to building
ana interest that for a time existed,
;ind also to the greater percentage
that building association loans repre- j
som in proportion to the actual values j
««f properties that are held as security j
for the money advanced.
Ther* are 26 building and loan aaso- !
• iations in Sa.ii T'rsnHpco. or more than I
a thii*d of tho entire number in the
state. The aggregate assets of the
San Francisco organizations is con
siderably more than a fourth of the
giand tvtal r*»presf-nt«>d by all the aa
ftodatioDS collectively, and the Pan
J'ranrisro bodies carry as reserve an
sinrlivid^d profit ot $400,000. More than
a third of the capital invested by the
building and loan associations of Cali
fornia is loaned by the San Francisco
;< spoliations. "„'-''{;
The San Fraiuisco hutlding and loan
as«r>riations includ** the following:
A'jEC, Argonaut Mutual. Bay City. « California.
Oty. Citizens' Economy. Empire, Enreka, Fair
mr.cnt. Fidelity. I'ranfclln. Germania, Gloh*.
Home Mtuiwl. H'msetiolder*'. Humboidt. Italian-
Swtiw Mutual. Mf-rhanicii', llisrion Home, OrrJ
d'-ntal. Pa'-ifif, i*roviri<»nt. PropresF, Safety. San
Fraoris'A Mutaal. S*o Fran^iEco Home Mutual/
S«n Fran<*i*co and Oaklund Mutaal. Union. Prn
fliw. Western. West Phqre, California Home,
Continental. r«rific St*t»».
DEMAND FOR APARTMENT
HOUSES IS INCREASING
The renting department of Madison
&, Burke reports that the demand for
apartment houses Is increasing dally.
Several propositions under considera
tion by owner and prospective tenants
will probably be negotiated to a suc
cessful end by the first of the month
and th«*n can become public informa
tion.'-
Tho firm has ]«>as«>u for the account
of Mrs. D. Z. de Nivernals to Mrs.
Smith of. Los Angeles two upper floors
containing 18 rooms in the west side
«f Kearny street, between Sutler and
RuiPh. known a? 235 Kearny street, for
2.* months at a total rental of $3,325.
The hotel on the cast side of Grant
avenue near Pine street, known as 520
Grant avenue, containing 24 rooms,
has been leased for the account of W.
11. McKowen for 36 months at a total
rental of $3,600.
For the\ account of . the , same client
two stores at 512-1 & Grant avenue have
b«*en leased for 72 months at a total
rental of $11,100.
For the account of O. "W. Xordwell
to the Zellerbach paper company, 617-
Zh Battery street, for 34 months at a
total rental of $19,550. •
The rooming house at 1864 Pine
street for the^ account of Grace Noble
for 24 month's at a total rental of
$2,040. .
Thf RO'Jth«*aFt corner \u25a0of California
a;id Kil!!TK>r<» streets, to be occupied by
n liquor hous«, for fix month?, for Mrs.
A. Cronin at a total rrntal of $5,100.
Th* two story building at 1513 Scott
ytr*et for Mr*. A. F. Rrown for 12
months at a total rental of $510 to
Doctor Bcrriusv^ ;\u25a0 ; ; ~; "-•
Property Owners on Both Sides of
Plan Business Buildings and Residences
A new store building which will fill gap in Gearys street west of Stockton; the handsome new apartment house which will be erected by J. C. McMullen in Oakland; the new W. I. Smith
j v v . . residence and the Cumming building in Taylor street, which has been completed. ** -
REAL ESTATE TRANSACTIONS
Tlic Stanford Heights company to Otto Blaii
karr. lots 5 to 10. l>lock 47, Stanford heights;
$ .
Potrero real rv company to Edward J. Maher.
lot in W line of I>e Uaro street. 66 S of Twen
tieth. S 25 by W 100: graui.
Poirero realty company to same. )ot in E lino
Af Kansas street, 275 S of TwentiKh. 8 'ir, by
E 100: srant.
Sarah <.'. Cron to Minnie B. Riehl. lot in E line
of Twenty-fifth avenue. 165:* N of B meet, X
50 by. E 12(J» sift. . '
Gaelano Sedoti and wife to Patrick O'Keefo,
kit in \X line of Howard street. 7.'. S of Four
toeink. S 20 by W 90; $10.
Mary C Williamß to Watlaco Bradfra-d. lot In
N line cf Tararal (T) street. <«2:*! E of Twenty
fifth arenne. R f*> by N IO<); *1«>.
Jacob Htyman "company to Evelyn Colin, lot in
E line of "Thirty-seventh avenue, }2- r > S of B
street, S 25 by E 120: $10.
W. H. Mills and wife to Nathan Ney. lot in
SW line of Knox street. SW of Barrow*.
NW 2T. by SW SO: f 10.
Sot G*t« * Sons to Myrtle Chance, lot in'E
lir.e of Tenth avenue, 123 N of M street. N 25
by E 120: $10.
Oar!e» Jlaye* to Bridget Hayes, lot in W. line
pf l*olsom ttrWt, 60 N of Fifteenth. N 25 by W
83- pllt. i
George A. B*an to Mike Shubin. lot in NB line
of Gambier *tre«t, 75 NW of Woolsey, NW 25
by NE »5; $10. , ;
Emily Ami Hentzrll. *l<vcas<?<l. by adrnlnhtra
tnr. to Leonard E. Clawnon. lot in E line of
Moultrie ntr«.«t, 300 N of O!d Uirkory, N 50 by
E 70; flO.
Lf-onarrt E. Clawson to Carl Gronluni'. lot in
E lin<? of >I<viltrie utre^t, 100 N of Old Hickory.
N 25 by E 70: $10. :
FrederirV Roefitng tn Roeding estate company,
lot in N line of Wa*hin«ton street. 37:6 W of
Kranklln, W 33 by.N 127:8\»; $K>.
John Main to Ida Main, lot in W line of Pnnd
street. 203:6 S of Sixteenth, S 25 by W SO; gift.
Bernbard Gett and wife to Mary A. Doling,
lot in SE line of Naples street. "22s NE of Japan
avenue. NE 25 by SE 100; $10,
W. D. O'Donnell to Clarence F. -Georjre. lot
in E line of Diamood street, J>l S of Clipper,
S 2S by E SO; $10.
James Bernle to Ellen Bemie, lot in S line of
Thirtieth street, 57:6 E of Noe, E 27:6 by S 125;
*i*t.
Mary C. Hunter to Joeeph Firebanjrb. lot in N
Hn» of Clay etreet, SO X of BroderiiJc. E 25 by
N 127:6; $10.
Adolph Meyer and Geeiene. Meyer to th» Hind
estate company, lot in N line of Hayes street.
92:« W of Fillmore. W 65, N 337:6, E 67:6.
S 25, E 7:0, S 112:0; $10.
Goonr* A. Merrill and wife to Mary M. Muller,
one-third of lot in W line of No« street, 60 S
of Beaver. R 27:6 t>y W 100; $10." -.
Robert K. Morrow to R. M. V»n Dora, lot on
NE corner of Bush and .Leavenworth streets, N
100, E 45:9, S 48 :5^, W 20, S 56:6^, W 25:9;
$10.
Carl Hilbißch and wife to Edythe Behrend, lot
In E line of Carmel strtet, 33:10*4 D of Cole,
E 25 by S 100; $10.
City realty company to Robert 11. O'Hea. lot
in W line of Fifth avenue, 250 >' of X street, N
25 by W 120; $10.
W. J. Wile to Union trust company of San
Francisco, lot at SE corner of Van Ness avenue
and Geary street. E 149:6 by S 120; $250.
Joseph J. Barker . and wife to Bernbard J.
Barns, lot 61. gift map 1: $10.
Fannie J. Black to Sarah C. Moore, lot in X
YOUNG MAN LACKS WORK
AND ATTEMPTS SUICIDE
Steam Fitters' Helper Is De
spondent and Takes Poison
Frederick Sneider of 1767 Geary
street, a steam fltter'g helper, at
tempted suicide by drinking perman
ganate of potash. .
Sneid^r is 2<5 years old, has been out
of employment for some time and had
become . despondent. He was treated
at the central emergency hospital. He
will recover.
Allen Small of 371 Capp street, a car
penter, 73 years old, hanged himself
nt' his home. Thursday night. He had
been Bick \u25a0-' for . some, time and had
threatened to kill .himself several
times. His body was found yester
•»y morning .by -his wife. 'X:\
1 THE SAX FRAjST CISCO I CALL, SATURDAY; JANUARY 29, 1910"
I line of Vallejo street, I(X> E of Leavenworth, E
2Z> by N l(»:0; $3,100.
Carrie T. Taylor to Itichard Merzenß-h and
'; wife, lot in E line of Sbotwell street, 13U S of
} Twenty-fifth. S 25 by E 115; .$lO.
William Kosberg to Sarah Fosberg, lot in W
line of Chenery street, 250 N of Randal, N f>o by
W 125: pi ft (rerecorded).
Mary V. Templeton to Mike Sbubin, lot in W
| line of Rhode Island street. 225 X of Twenty-
I second. X 25 by W 100; $10.
; Ooriion F. Lyon to Thomas J. Burns and wife.
I lot in N line of Twenty-third street, 2.>:tj E of
Eureka. E 23 by X 60; $10. ._
Honors Woerner to Henry Woerner. lot in "S
line of Twentieth street, 75 w of Cann, W 22:0
by S m; sift.
< James R. Proctor to Max W. Mindner and
j wife, lot in N line of Ortega (0) street, 100 E
! of Ninth avenue. E 27 by X 100; $10.
j Eugene Parfait Vigt. deceased (by administra
tor!, to James L. Sharp, half interest In lot in
X line f>( Oak street. 10»:9 W oC Van Xraw ave
nue. W 47:9, X SO, W 21, X 40, E 6S:J», S 120
\u25a0sll,ooo.
Uarl P. Cliff to James L. Sharp, half of same;
|10.
James L. Sharp and wife to Masonic temple
association of California, lot in X line of Oak
street. 109:9 W of Van Ness avenue, W 47:!), X
80. W 21. X 40. E 6S:S»,S 120; $10.
Jullu* Witt to Anna Witt, lot In X line of
Nineteenth street, 205 W of Sanchez. W 23 by X
114: gift.
John H. Grady and wife to . Grover Grady,
lot at S corner of Dwight and Oxford street's,
SE 100 by SW 120, and one other piece; $10.
, A. F. Usrinan to Grover Grady. lot in XW
line of Felton tstreet. 9." XE of Harvard, XE
25 by XW 100. one other piece; 1 10.
\u25a0Walter E. Uic«»'«t al. to l-onla Fretdlander
and F. K. liounon, lot in XE line of Main
street, 137:6 SR of Howard,. SE 45:10 br XX
137:6; $10.
Margaret Kelly to Sarah Kelly O'Xeil, lot In
S line of Point I/rt»s avenue, 26:« E of Twenty
second, E 53:4 by S 100: gift.
.. Margaret Kelly to John O'Xcil and wife, lot
In B line of W«bster street, 25 S of Filbert.
S 25 by E 100; $10.
Building- Contract*' ,.;
Huro Abrahamson . with • Gate wood
workiDC company — Store fixtures \u25a0 in ~ building in
W line of Grant arenne,' 4o N.'of Sutter street
>' 42 by TV 30; $1,690. > . ---j^- •
T. J. Jacques with Walter K. Yorston V. rotn
pa«y — All work except window, shades,; light flx
tnres and finish hardware 'for a \u25a0 one \u25a0 story - and
basement frame building: 'iu JE' line of LeareD'
worth utreet, (Jl Sof Lombard,- S 37:10 by B
63:4; $2,700.- , - ) ";, •-\u0084 • ;,. -** J
Thebe A. Hearst with the Pacific rolling: mills
company— Unloading and.' delivering i-ttl struc
tural steel for grillages'- and RtrurtaraL 1 steel
for superstructure for a 12 story-itnd basement
claos A building at SE • corner of Market and
Third streets. 8 60:11; RE 3:3 ii. >'E G76 SE 40
NW 160. RW to bejrinnlns: $1-75 per ton. V
Belle Plummer with Fred. Miller, -B.' f. Wood
all and W. S. Snook & Son — To erect* a throe
story frame building in SW line of Market
street. 105:2% SW of .Nov.' S 113 -4*4 W 25
S 23. W 25, S 100, W 50, N 152:10?;', E 131-6 ;
$23,160. •
Fannie W Gellert with Carl N*. P. Ahljrrea and
A. Newmark— To erect a three story frame build
inj? in S line of McAllister street. 176-10J4E of
Baker, S 137:6 by E 30; $11,763. . '. './
RUEFS ATTORNEY SEEKS
TO COLLECT $26,000 FEE
Frank J. Murphy Attaches Sen
tinel Building of Former Boss
Frank- J. Murphy attached property
belonging to Abe.; Ruef yesterday to
force the payment of $26,000, which he
alleged was due him from the former
boss for V'legal services." '
The Sentinel building, occupying the
gore-corner at Montgomery avenue and
Kearny street, was the d property tied
up., and Ruef's* sister, Mrs. Henrietta
Sittenf eld, and: his father, t Meyer: Ruef,
were:; named as codefendahts," as joint
ownets of the : block.; ; . :';
The attachment was for two bills,
one for $-5,500 and the other $500, both
for. professional 1 services. \u25a0'-"'\u25a0'
PLANS COMPLETED
FOR NEW BUILDING
Six Story Structure Will Be
Erected on South Side of
Geary Street
The Cummlng\ building pi the *>a.st
line of Taylor street south of "Washing
ton, just completed, "contains six four
room and bath' apartments finished
complete and up to date in *very re
spect. The building is so arranged that
the living rooms, dininj? rooms and
baths are sunny, the kitchens beiug the
only rooms on the north side of the
house.. The building is of.cllnker brick
on the lower story, with white cedar,
shingles above, topped with a tile roof.
Miss Jean Cummlng is the owner. Crim
& Scott are the architects.
A Bix story and 'basement store
building will be erected for M.'H. i-de
Young .in the south \u25a0. line of Geary
street between Stockton and Powell,
designs for which were prepared by L.
B. Dutton, architect. The -property has
already- been .leaded to the furniture
firm of Bare Brothers for a period of
10 years for approximately $200,000,
the lease having been closed" by A. J.
Rich & Co. .
An effort has been made In this
building to secure the utmost amount
of light possible, which will /be accom
plished ' through large . plate glass.win
dows. * The building will be •58 feet
wide on, Geary. street and will run back
to a "depth of " 137 :6 feet, with a " large
light ycourtcin; the, rear. The entire
basement and six stories will ; be /oc
cupied by Bare; Brothers.: ' -/
MeMULkE.Y Wllit BUILD
'. J.C. McMullen, president of. the State
savings i bank of Oakland, "will. = start
work on an apartment
house 1i rf the : south 7 side of East "Nine
teenth street between Eighth and Ninth
avenues, Oakland.; \The building will
contain. 18 apartments of two and three
rooms, each. ; >- :>- ::-v \u25a0': /'. -• \u25a0\u25a0
S The ; rear, end' of the structure is \u25a0 one
story, below the street level,"- due to 1 a
slope :in the lot. ' In - this \u25a0 portion Mc-
Mullen intends, to establish a' first class
dining /room, lounging /room and
kitchen. :.-,"' '\u25a0 ' '\u25a0•\u25a0'\u25a0^\u25a0A "",-'. . '•''.' \u25a0 '-'-:
**: Each apartraent^is planned with a
la rge^ bathroom and a cabinet .kitchen;
: Another^feature: seldom,; seen in the
modern "apartment" is"tht>! back : stairway,
to each .'apartment:'.;;-- The -Holmes \u25a0fdis
appcariiig;bcd r and the Marshall- Stearh
wall bed will be used. The entire build
in? will be heated by steam.
The exterior of the building: is treat
ed-in the straight line Gothic, which
gives the house a plain and substan
tial appearance.. •\u25a0Sidney B. Newsom of
San Francisco is the architect. After
the' 'first "of the month Newsom's "of
fices will be in Oakland, as most of
his important work has been in that
city in the last year.
. Plans for an eight room residence
MS " '\u25a0"\u25a0 \u25a0'\u25a0'\u25a0'" '-\u25a0\u25a0\u25a0'^- \u25a0-**\u25a0'\u25a0' \u25a0•*' ' ' s -"'\u25a0"Vvi f*M
8 . HIGHEST STANDARD OF SERVICE. M
P MODERN COMFORTS OF RAILROAD TRAVEL. pf
M FOR THOSE WHO SEEK THE BEST. ' i|
I CALIFORNIAN I
mi daily between . Southern California, Kansas !jf]
h ~*sslk& €L #^ I I "7" UET£^ &1 S3 £k k I E* ! f^ wi
m {7vu i nciin FAvi riv |j
I Rock Island 1
Flood Building.- . /Third and Townsend Sts. Depot. feg
for W. I. Smith are being prepared by
the firm of Leonard & Russell, archi
tects, to be located in the east side of
Fifth avenue, 200 feet north of Lake
street, int)akland. The exterior is de
signed in the early Knglish style of
architecture and will be constructed of
brick and plaster. The interior will
have hardwood floors, brick mantels,
furnace and all modern conveniences.
The structure will be built by day work.
LARGE LOANS MADE
ON CITY PROPERTY
Owners Obtain Accommoda*
tions From Bankers and j
Private Individuals t]
In the week Just closing s«v«ral
loans have been negotiated for large
sums.
The Mutual savings bank has lent
to the Concordia corporation $75,000 on
the property at the southeast corner of
Posf street and Van Ness avenue. 120 x
109 feet.
Robert Trost has lent to the Hag>
mann brewing company $22,750 on
properties in Eighth, Homer and Hay
ward streets.
The Sunnyside - land company ha*
lent to the Home land company $17,t>00
on lots in Sunnyside. F. B. Clayes has
lent to the Home land company $9.50*>
on Sunnyside lots. To the same com
pany William G. Henshaw has lent
$11,000 and the Banca Populare Operaia
Italia has lent $25,000.
R. O. Hobson has lent to William
Woollf $25,500 on property at the north
east corner of Van Ness and PaciiTo
avenues.
The German savings bank has lent
to Henry and Jenny Marquard $12.00f»
on the northeast corner of Irving street
and Seventh avenue and other proper
ties in the Western addition.
T*he Hibernla savings bank has lent
to Annie N. Spaulding $6,000 on prop
erty in the south line of Vallejo street,
west of Gough. 63x137:6.
The Union trust company, acting »s
trustee for the estate of Jane Stanford,
has lent to Clara V. and Verginla Fitch
$16,000 on property in the west line of
Front street. HI feet south of Pacific.
35:10x137:8 f«et.
The Bank of Italy has lent to Mat
thew and Rose Smith $14,000 on 30x9')
fee.t in the south line of Ellis street*
57:6 feet west of Hyde.
The Hibernla savings bank ha» lent
to J. F. Terschuren and others $lS.ooi>
on property at North Point and Taylor
streets.
SUES FOR REFUSAL TO
INSTALL ELECTRICITY
Corporation Made Defendant by
Householder
To test whether oi- not the San Fran
cisco gas and electric company may
legally demand a meter fee of $2.50 be
fore installing electricity In a bulldlns
within 100 feet of a feed wire, a suit
was begun yesterday by 'Henry Thomp
son claiming $5-10 from the corpora
tion.
Thompson, who is acting as his own
attorney in the case, says he re
quested the installation of electricity
in his flat at 1530 Green street October
4. 1909. The flat is within 100 feet
of a feed wire, he asserts. A few da>"3
after the application was mads a rep
resentative of the company called on
Thompson and asked for $2.50 "for al
leared expenses in putting in a meter."*
The company is operating under a
law which requires it to Install elec
tricity when requested. Thompson as
serts. and which fixes a penalty of $.>
a day for refusal. Th© $340 for which,
he sues represents $5 a day since his
application was made.
17